KUALA LUMPUR: Affin Hwang Capital research has cut its earnings forecast for Hai-O Enterprise Bhd in view of a more lacklustre outlook going forward, on the back of weak results in 6MFY20.
"We cut our FY20-22E EPS estimates by 5-15% respectively, mainly to factor in the overall weaker consumption spending, particularly on discretionary items," the research house said in a note.
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