Kawan benefitting from strong foreign demand

PubIic Invest Research believes Kawan’s business outlook remains positive.

PETALING JAYA: Kawan Food Bhd is likely to benefit from rising demand for its frozen foods in the local and export markets as the pressure of rising costs of living drive many to eat at home instead of dining out.

The stronger ringgit could dent export sales, but it will also help lower input costs, said Public Investment Bank Research (PubIic Invest Research).