Valuations raised on packaging firm on higher orders and earnings

TheStar Tue, Aug 11, 2020 09:20am - 3 years View Original


Kenanga Research said SLP’s first half of its financial year 2020 (FY20) core net profit of RM7.9mil was above the research house’s expectations as it had expected a weaker first half.

PETALING JAYA: Analysts have increased their valuations on packaging firm SLP Resources Bhd on expectations of improved orders and therefore increased earnings.

Kenanga Research said SLP’s first half of its financial year 2020 (FY20) core net profit of RM7.9mil was above the research house’s expectations as it had expected a weaker first half.

“The first half of FY20’s dividend of 2.5 sen also came above forecast, ” it told clients in a report.

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