PETALING JAYA: CIMB Securities Research is optimistic about Yoong Onn Corp Bhd
’s (YOCB) growth prospects as demand for linen products continues to grow.
The research house noted YOCB is a leading integrated end-to-end manufacturer and retailer of home linens in Malaysia.
The group owns 13 different brands that cater to numerous market segments, ranging from mass market to premium clientele.
Over the years, YOCB has established various distribution channels, including 37 of its own retail outlets which accounted for 38% of the group’s revenue in the first half of the financial year ending June 2024 (1H24), CIMB Securities said.
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