LSK to gain from growing households

TheStar Wed, Jan 06, 2021 09:41am - 3 years View Original


PETALING JAYA: Mattress manufacturer Lee Swee Kiat Group Bhd (LSK) is expected to see a pick-up in demand for mattresses this year, on the back of a projected economic recovery.

With an economic growth forecast of 6.3% this year, RHB Investment Bank said, in a report, that the country’s total number of households had also increased steadily by 2.9% from 2010 to 2019.

“From 2000 to 2010, Malaysia’s total number of households increased steadily at an average annual 3.2% to 6.35 million.

“In 2019, it increased to eight million, or 2.9% annually from 2010 to 2019.”

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