PETALING JAYA: Given the resilient demand for flexible plastic packaging (FPP), MIDF Research has raised its earnings estimates and target price for Daibochi Bhd.
In a note, it said after taking into account the resilient demand for FPP from the group’s customers amid the Covid-19 uncertainties and rising political tension in Myanmar, it is adjusting its earnings estimates marginally upwards for financial year 2021 (FY21), FY22 and FY23 to RM51.0mil, RM51.2mil and RM51.3mil respectively.
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