ADVERTISEMENT

Affin initiates coverage on Scientex with ‘buy’ call


Attractive valuation: A file picture showing Scientex MD Lim Peng Jin. Scientex is a top five global player in stretch film packaging and a leading developer of affordable homes in Peninsular Malaysia

Attractive valuation: A file picture showing Scientex MD Lim Peng Jin. Scientex is a top five global player in stretch film packaging and a leading developer of affordable homes in Peninsular Malaysia

PETALING JAYA: Affin Hwang Capital Research has initiated coverage on packaging material maker Scientex Bhd , with a “buy” rating and a target price of RM10.10.

The research firm said Scientex’s valuation looked attractive, based on its price-to-earnings ratio of 12.7 times for the financial year of 2020 (FY20).

Corporate News , Scientex

   

ADVERTISEMENT