Stockwatch

Scientex 

PMS Securities is optimistic on Scientex's move to boost the production capacity of its stretch film from 60,000 tonnes to 100,000 tonnes per annum. The brokerage, which has a buy call on Scientex, said the group was well positioned to be one of the world's top five stretch film producers. Its three new production lines, with a combined production capacity of 40,000 tonnes, are slated for completion by the first quarter of next year. PMS said the expansion would help Scientex capture about 10% of the Asia-Pacific market and 4% of the world demand.