PETALING JAYA: Bursa Malaysia-listed companies producing panel boards are expected to enjoy strong profits in 2022 on the back of an upcycle in the wood manufacturing sector.
The ongoing Russian-Ukraine conflict, which has led to Russia banning the export of wood and forest products to the West, could see buyers sourcing alternative suppliers from countries in this part of the region such as Vietnam, Indonesia and Malaysia, according to Hong Leong Investment Bank (HLIB) Research.
The research firm said that recent trade disputes have bode well for local players in the sector amid firm demand for furniture and wood-based products from countries including the United States.
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