Lower revenue: Workers manning a production line at SLP’s plant in Kulim, Kedah. Year-on-year, SLP’s top line was down 3.9 due to a weaker US dollar.
KUALA LUMPUR: Kenanga Research has upgraded SLP Resources Bhd
to “outperform” with an unchanged target price of RM1.30 as it expects better performance in the coming quarters.
The research house said the plastic packaging materials manufacturer’s first-quarter 2018 core net profit of RM5.2mil was within its expectation.
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