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FY2024 will be better than FY2023.
"The US furniture market is on slow recovery trajectory with importers and retailers clearing their excess
inventories. We have received more orders in recent months. We expect this to progress in the months to
come."
The market is sentiments driven. Prices are down. But if you look at fundamentals, PohHuat delivered an average 9% ROA over the past 14 years. In comparison, the mean ROA of the Bursa furniture companies averaged 5%. Refer to https://www.i4value.asia/2021/12/which-are-better-stocks-in-bursa.html#more The sector is a resilient one and prices do not reflect the fundamentals.
