PETALING JAYA: Scientex Bhd
’s performance for the second half of its financial year 2024 (2H24) is expected to come in better in anticipation of returning demand for consumer packaging as customers stock up on their inventory.
On the property side, RHB Research is optimistic that Scientex is on track to achieve its property launch of RM2bil for FY24.
As such, it expects “the property segment to be the main earnings contributor in the coming quarters”.
The manufacturer of flexible plastic packaging’s net profit for the second quarter (2Q) of financial year 2024 (FY24) rose 24% year-on-year (y-o-y) to RM132.1mil, bringing 1H24 core earnings to RM270.3mil.
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