PETALING JAYA: Kenanga Research has cut its earnings forecast for HPP Holdings Bhd
by 39% for the company’s financial year ending May 31, 2025 (FY25), citing weaker-than-expected demand from the consumer electrical and electronics (E&E) segment and higher input costs.
The research house said core net profit for the producer of paper packaging products in the nine months ended Feb 28, 2025 (9M25), came in at RM1.8mil, accounting for just 52% of its earlier full-year forecast.
