All systems go for Poh Huat Resources

TA Securities said based on trade data from the US Census Bureau, US furniture imports from China have been steadily declining while Malaysia and Vietnam are gaining the market share

PETALING JAYA: Poh Huat Resources Holdings Bhd has enough firm sales orders for delivery through April 2022 after it resumed full operations, both in the country and Vietnam. The group also managed to pass on the escalating materials cost to the customers via higher average selling prices (ASPs).

It also intends to allocate up to RM10mil each year for machinery upgrading and automation to further improve productivity, said TA Securities Research.