Board of Directors of HG Metal Manufacturing Limited provided earnings guidance for the full year ended 31 December 2023. Company is expected to report a net loss for FY2023. The expected loss is mainly attributable to: (i) loss incurred by a Myanmar subsidiary which had ceased business operations, mainly due to significant increase in foreign exchange loss on weakening of the Myanmar Kyat, impairment of trade receivables and interest incurred on its outstanding bank loan; and impairment loss provision for an investment held for sale.