PETALING JAYA: THONG GUAN INDUSTRIES BHD
’s healthy balance sheet and strong net cash position of RM87mil are positives.
This is on the fact that this year may be a challenging year for the stretch film and plastic packaging maker.
Kenanga Research said this to clients in a report, adding that Thong Guan’s production activities have been affected due to travel restrictions, as well as the movement control order implemented in the country to curb Covid-19.
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