SLP Resources' prospects remain buoyed by demand, higher ASP


KUALA LUMPUR: Kenanga Research continues to favour SLP Resources Bhd's prospects on the back of resilient demand for its products and elevated average selling price (ASP) despite the disappointing earnings in the first nine months of its financial year.

The research firm said it is optimistic over the group's ability to fulfil the strong demand for its products, maintain elevated ASP's on the higher resin prices in 2H21 and further ramp up its utilisation rate.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Kenanga Research , SLP Resources , resin

   

Next In Business News

Asian FX muted on firm dollar, stocks fall; Malaysia holds rate
Oil rises on US crude storage draw, China imports show year-on-year gain
Over 400 units of Sunway Velocity 3 Homes Sold on Opening Weekend
Bank Negara holds OPR firm at 3%
Country Garden says it aims to pay onshore coupons due Thursday by May 13
China's exports and imports return to growth, signalling demand recovery
Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices
Oil rises on US crude storage draw, China imports show year-on-year gain
FBM KLCI retreats to 1,600
Volkswagen to establish Malaysia as export hub - Tengku Zafrul

Others Also Read