Poh Huat sees stronger orders on pent-up US demand for home furniture

KUALA LUMPUR: Poh Huat Resources Holdings Bhd sees strong orders for home furniture from customers in the US ahead of the year end holidays.

The company, in a filing with Bursa Malaysia today, said furniture retailers in the US reported booming business in June and July from pent up demand following two months of near complete shutdown.

Given the better visibility in demand, importers and distributors are now placing orders for delivery up to November 2020 in anticipation of the year end festive sales and a longer lead time for delivery amongst manufacturers in the Asia region.