SLP earnings face pressure from labour shortage

Kenanga Research has downgraded its call on SLP Resources to “market perform”, with a lower target price of 92 sen.

KUALA LUMPUR: Kenanga Research says SLP Resources Bhd continues to suffer from persistent lower sales volumes due to low production on the back of a labour shortage.

With this, Kenanga Research has downgraded its call on SLP Resources to “market perform”, with a lower target price of 92 sen.