PETALING JAYA:is expected to see stronger sales this year, driven by its retail business as well as improved margin due to lower costs.
“The management is very optimistic in preparing to face the financial year 2023 by taking proactive measures to mitigate the risk in a challenging landscape, while optimising the efficiency and productivity of the business segments. “We believe the ascribed PE multiple is justified by the overall improved outlook for the industry due to the recovery in consumer behaviour,” it added.
Following the release of CCK’s FY22 results, CGS-CIMB Research has raised its FY23-FY24 earnings per share forecast for the company by 3.7% to 6.1% on “housekeeping matters”.
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