Affin Research sees higher earnings for Hai-O


KUALA LUMPUR: Affin Investment Research expects Hai-O to report its results for the third quarter ended Jan 31, 2014 (3QFY14) results on March 26.

It said on Wednesday it believes the group‘s 3QFY04/14 top and bottomline would be higher on sequential and on-year bases lifted by: 1) a recovery in demand growth for its big-ticket items and also best-selling products, namely foundation garments, as well as BioVelocity mattresses; and 2) resilient sales in conjunction with the Chinese New Year celebration (CNY 2014).

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