PETALING JAYA: Unfazed by the potential economic slowdown in 2023, Thong Guan Industries Bhd
is expected to seize more market share for its products in Europe, says CGS-CIMB Research.
The research house, which hosted a recent conference call with the country’s largest stretch film manufacturer, said: “We are in concert with the group’s anticipation of growing its earnings further, thanks to its effort to deepen its penetration into Europe and the Anglosphere markets.”
A case in point is the increasing demand for Thong Guan’s premium stretch films, which are rising in popularity among European stretch film distributors.
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