Improved financial performance seen for HeveaBoard in second quarter

HeaveaBoard raw materials to make boards

PETALING JAYA: Heveaboard Bhd is expected to see better financial results in the second quarter of 2022, as its raw material – log supply – has returned to a healthy level, according to Hong Leong Investment Bank (HLIB) Research.

Despite the under-utilisation of the group’s particleboard plant at the beginning of the year, the research firm believes that the earnings impact from this will be partially mitigated by the shipment of the deferred finished goods from the previous quarter, as well as the strong sales volume from its ready-to-assemble (RTA) furniture segment.