KUALA LUMPUR: While the worst is over, the outlook on the wood manufacturing sector remains cloudy as the rising cost of raw materials, foreign labour shortage issues and a spotlight on foreign labour practices continue to weigh on its prospects, according to Hong Leong Investment Bank (HLIB) Research.
"We believe that the worst is over for the furniture sector as a full lockdown similar to MCO1.0 and NRP Phase 1 likely can be averted.
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