JF Apex Securities has revised down the company’s earnings forecast for the financial year ending April 30, 2022 (FY22) by 7.6% to RM40.3mil to account for “lower-than-expected margin” and sales. “Overall, we expect the Hai-O business to go through a stiff operating environment amid the resurgence of Covid-19 cases."
PETALING JAYA: The prospects for Hai-O Enterprise Bhd are expected to be challenging, as its retail segment that relies on brick-and-mortar sales could be affected by measures to curb the Covid-19 pandemic.
JF Apex Securities has revised down the company’s earnings forecast for the financial year ending April 30, 2022 (FY22) by 7.6% to RM40.3mil to account for “lower-than-expected margin” and sales.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
