Global activity contraction dampens HPMT bottom line

PETALING JAYA: The outlook for solid carbide cutting tool manufacturer HPMT Holdings Bhd remains uncertain in the face of global manufacturing activity contraction, according to Hong Leong Investment Bank (HLIB) Research.

The rising possibility of energy supply disruptions and subsequent rationing in the European Union may serve to slow down demand in the near term, for companies in the manufacturing sector such as HPMT.