PETALING JAYA: The overall prospects of Scientex Packaging (Ayer Keroh) Bhd
(SciPack) looks good, given the robust demand for sustainable packaging, especially in the food and beverage and fast-moving consumer goods (FMCG) sectors.
For that reason, MIDF Research has recommended a “buy” on the stock with an unchanged target price (TP) of RM2.83.
However, SciPack is expected to wrestle with elevated plastic resin prices and freight costs, which may continue to hurt the group’s profit margins, the research house said in its latest report.
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