HeveaBoard benefits from e-commerce boom

KUALA LUMPUR: The prospects of Heveaboard Bhd looks positive given the increase in demand from the Japanese market for its particleboard, the potential capacity increase in ready-to-assemble (RTA) segment from foreign labour intake as well as encouraging RTA sales growth to e-commerce sellers.

Hong Leong Investment Bank Research (HLIB Research) in its latest report has upgraded HeveaBoard to a “buy” call with a higher target price of RM0.63 from RM0.43 previously.