BP Plastics on track to capture a bigger market share

BP Plastics Holding Bhd head office located at Batu Pahat, Johor

PETALING JAYA: BP Plastics Holding Bhd is in good stead due to the robust demand from the domestic and export markets, strong balance sheet and better margin product mix.

The company recorded stronger growth in sales volume in the first quarter of financial year 2021 (FY21), mainly driven by orders from existing customers in both export and local markets, said Kenanga Research, which has initiate coverage on the stock with an “outperform” rating and RM2.50 target price.