Malaysian furniture makers back on growth track

HLB Research notes that while flood-affected households will likely need to replace their damaged furniture, this will only have a marginal effect on the furniture companies it covers (Evergreen Fibreboard Bhd (pic), Homeritz Corp Bhd, Lii Hen Industries Bhd and HeveaBoard Bhd).

THE outlook for the Malaysian furniture industry is positive this year although it continues to face some lingering challenges, say research analysts.

A general bullish outlook is due to a number of factors that include the relaxation of movement restrictions, which help furniture manufacturers resume their operations and enhance their supply chain issues.