Weak US economy affecting Poh Huat

TA Research said that demand for furniture is expected to remain sluggish in the near-term due to the United States' weak housing market.

PETALING JAYA: Poh Huat Resources Holdings Bhd’s near-term earnings outlook is expected to remain challenging, weighed by slower demand from the US market.

However, the furniture manufacturer’s solid balance sheet, with strong cash pile, is expected to help the group sail through the headwinds.