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).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
