KUALA LUMPUR: While the worst is over, the outlook on the wood manufacturing sector remains cloudy as the rising cost of raw materials, foreign labour shortage issues and a spotlight on foreign labour practices continue to weigh on its prospects, according to Hong Leong Investment Bank (HLIB) Research.
"We believe that the worst is over for the furniture sector as a full lockdown similar to MCO1.0 and NRP Phase 1 likely can be averted.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
