Homeritz’s earnings surprise on the upside

PETALING JAYA: Inflationary pressures from a high interest rate environment are anticipated to put a dent in Muar-based furniture manufacturer Homeritz Corp Bhd’s earnings in the near term.

Public Investment Bank Research (PIVB Research) said it remains cautious on the group’s near-term outlook as it expects interest rates to remain elevated on high inflationary pressures.