LSK’s proposed acquisition of Italhouse seen positive

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: Natural latex bedding manufacturer Lee Swee Kiat Group Bhd’s (LSK) proposed acquisition of Johor-based Italhouse furniture retail chain is viewed as a positive, according to one research house.

In a recent report, CGS-CIMB said this was given the earnings accretion, potential synergies and expansion to LSK’s domestic retail presence that the acquisition will provide.