PETALING JAYA: Demand for Oceancash Pacific Bhd
’s insulation products from automotive players are slower than expected, but as the phase one of the National Recovery Plan (NRP) restrictions eased, it should recover swiftly.
CGS-CIMB Research said demand from its automotive customers were disrupted as automotive production is not allowed to operate during the current stage of the NRP.
It said this will likely impact insulation segment sales in the second and third quarters for the financial year 2021 (FY21), depending on when the restrictions will be lifted.
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