Poh Huat posted a stronger set of financial results in its fourth quarter ended Oct 31,2020 with a net profit of RM22.1mil, underpinned by a robust demand from the United States.
KUALA LUMPUR: Research firms have raised their target prices for Poh Huat Resources Holdings Bhd
due to robust demand for furniture from the United States and backlog orders for delivery until July next year.
Public Invest Research is maintaining an “outperform” call with a higher target price of RM2.15, compared with RM1.80, based on 10 times earnings per share for calendar year 2021 (CY21).
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