PETALING JAYA: SLP Resources Bhd
is expected to record higher sales for the financial year 2023 (FY23) due to high-value products as well as improvement in production and utilisation rates.
According to Hong Leong Investment Bank (HLIB) Research, its supply chain diversification and “design for recycling” products would contribute to SLP’s revenue in FY23.
As for SLP’s utilisation rates, HLIB Research said they would recover in the upcoming quarters, aided by increased employee productivity and a more favourable operating environment brought on by the reopening of China’s border.
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