Plastic packagers’ results came in mixed with three coming within expectations and they are Scientex Bhd (pic), SCGM Bhd and Tomypak Holdings Bhd.
PETALING JAYA: Plastics and packaging manufacturers may report slightly lower margins in the fourth quarter of 2020 (Q4) due to higher resin costs, says Kenanga Research.
“Judging from previous swings in resin prices, plastic packagers’ margins tend to reflect resin price movements one or two quarters after the fact, ” it said.
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