HLIB Research said Evergreen Fibreboard’s 3Q23 results might see similar results where profitable markets like Thailand and Indonesia are offset by the Malaysian segment that has been loss-making.
PETALING JAYA: Analysts are cautious about the future earnings of Evergreen Fibreboard Bhd
, as its second-quarter results came in below expectations.
Hong Leong Investment Bank (HLIB) Research said the fibreboard maker posted a core net profit of RM2.9mil for the second quarter of its current financial year (2Q23), bringing the first-half (1H23) sum to RM17.7mil.
