Hai-O’s prospects likely to be challenging

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.