Cautious outlook for Evergreen Fibreboard

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.