SLP Resources sees record profit amid China drive

KUALA LUMPUR: SLP Resources Bhd, Malaysia’s best performing small-cap stock, predicts another year of record profit as a slumping ringgit boosts sales and the Chinese government’s easing of population curbs opens a new market for its packaging products.

The maker of plastic bags and films used in the food, industrial, chemical and medical sectors plans to boost production capacity by 60% to prepare for more overseas orders as it seeks to enter the world’s second-biggest economy this year, managing director Kelvin Khaw Seang Chuan (pic) said in a phone interview.