HPMT Holdings cautiously optimistic on outlook for cutting tools services

 Publish date: Wed, 12 Jun 2019, 11:26 AM

KUALA LUMPUR: Cutting tools manufacturer and distributor, HPMT Holdings Bhd is cautiously optimistic on the outlook of the industry amid global economic challenges including Brexit and the US-China trade war.
Managing director Khoo Seng Giap said they plan to stay competitive in the global market by growing its customers base and working closely with local industry partners.
“As long as there is demand from customers and stable market condition, there will be opportunities for us to grow.
“But if every three to six months, the economic environment keeps changing, then it will be a problem because people will hold back on their investments,” he said after the company’s debut on the Bursa Malaysia here today.
It made a debut on the Main Market, opening at 58 sen, which was two sen above its offer price of 56 sen.
 - Bernama


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