Kenanga expects further sales recovery for JHM

KUALA LUMPUR: Kenanga Investment Bank Research anticipates JHM Consolidation Bhd to have recorded firm earnings growth for 4QFY20 as orders from key customers have returned to pre-Covid-19 levels while the final quarter is seasonally strong for the group.

The research house, which has a "market perform" recommendation, is also positive on JHM's its recovery momentum going into FY21.

JHM is eyeing 25% year-on-year order growth from its existing customer owing to improving car sales.