PETALING JAYA: Daibochi Plastic & Packaging’s (Daibochi)’s proposed Mynmar joint-venture is expected to boost its profitability once the project is approved although the company’s net gearing will rise.
CIMB Research said that assuming that the joint venture began operations early next year, it could boost Daibochi’s financial years 2017 and 2018 forecast earnings per share by between 18-22% while expanding the group’s reach in the region.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
