AmInvestment ‘positive’ on Luxchem, ATA IMS and VS Industry
“When comparing 9M2018 with 9M2017, the average prices of raw materials such as aluminium, tin plate and paper roll escalated by 12%, 5% and 8% year-on-year respectively.” The research house said this has eroded the margins of local can makers such as Kian Joo Can Factory.
KUALA LUMPUR: In the manufacturing sector, the prospects for can makers are weighed down by escalating raw material costs, higher anticipated labour costs and increased competition, said AmInvestment Research.
“When comparing 9M2018 with 9M2017, the average prices of raw materials such as aluminium, tin plate and paper roll escalated by 12%, 5% and 8% year-on-year respectively.”
The research house said this has eroded the margins of local can makers such as Kian Joo Can Factory.
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