KUALA LUMPUR: Hup Seng Industries Bhd
remains cautious despite an encouraging third-quarter performance for the period ended Sept 30 (3Q24), given the highly competitive nature of the industry.
“The group will continue to remain vigilant and adaptable to market shifts. We anticipate challenges with the rising cost of raw materials especially palm oil, as we envisage a tighter supply in the near future,” Hup Seng said in the notes accompanying its financial results.
