Investor Relations

Prospects

  1. Malaysia is a dominant player in the world's furniture market
    • Demand for wooden furniture manufactured in Malaysia is expected to grow at a CAGR of 5.0% annually from 2017 to 2021

  2. Strong demand from the U.S
    • U.S. wooden household furniture imports are expected to grow at a CAGR of 3.7% from 2017 to 2020, reaching US$13.2 billion by 2020

  3. Potential demand growth from PRC
    • PRC's import of wooden furniture increased by 79.8% from 2011 to US$563.6 million in 2016

  4. Weakening of the Malaysian Ringgit against the US Dollar has made Malaysian furniture imports more attractive to the U.S.
    • The Ringgit has depreciated approximately 33% against the USD from 2013 to 2016

  5. Support and incentives from the government and industry associations for Malaysian furniture manufacturers to boost their productivity
    • The Malaysian government and relevant government-related bodies, as well as associations, are helping Malaysian wooden furniture manufacturers to streamline their production and develop high value products

  6. Malaysia is being recognised as a producer of quality furniture
    • With more than three decades of track record in furniture manufacturing, the furniture manufacturing industry in Malaysia is well-perceived as a producer of quality furniture

  7. Improving manufacturing processes further elevates industry capabilities