“Both topline and earnings were marginally below our forecast back in last August initiation report (which projected revenue of $292 million and PATMI of $33.6 million), principally reflecting a softer second half in the Manufacturing segment and elevated impairment charges on inventories,” says Chao.
Analyst Jaimes Chao of Tickrs Financial has maintained his “buy” recommendation for Singapore's leading building material supplier Hafary Holdings Limited (SGX:5VS
) (Hafary), given recent share price pullback presents a better entry point for investors.
In his March 31 report, Chao highlighted that Hafary delivered “a solid set” of FY2025 results which saw revenue advancing 9.1% y-o-y to $287 million and PATMI rising 8.4% y-o-y to $29.9 million.
