KUALA LUMPUR: MIDF Research is revising higher its earnings estimates for Daibochi Bhd as it takes into account the resilient demand for flexible plastic packaging from the group's customers coupled with the expected increase in production capacity.
On the back of the group's release of its FY20 financial performance, the research house adjusted its earnings estimates upwards for FY21 and FY22 to RM50.3mil and RM50.8mil respectively.
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