PETALING JAYA: SBB Securities initiated its coverage on BP Plastics Holding Bhd with a “buy“ call, citing compelling valuations amid strong double-digit growth projection.
“Overall, we expect BP Plastics' topline and bottomline to grow at a CAGR (compounded annual growth rate) of 27.3% and 21% for 2005-2007,'' senior analyst Ng Jun Sheng wrote in a report earlier this week.
