PETALING JAYA: Manufacturer of flexible plastic packaging products and plastic films SLP Resources Bhd
should be able to grow its revenue and preserve its margins with the introduction of several new products.
This is expected to help the company achieve better earnings, on top of the fact that the price of resin, a main raw material in its production process, is flattening.
Kenanga Research analysts, who visited SLP, said they were turning more bullish on the company as it has also been able to raise the average selling prices (ASPs) of its products to match increased costs of production.
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