Thong Guan sees soft demand and higher expenses

Kenanga Research said Thong Guan is unperturbed by higher selling and distribution expenses.

PETALING JAYA: Plastic packaging product manufacturer Thong Guan Industries Bhd foresees a soft demand in the near term but remains confident in its long-term prospects.

Kenanga Research said the demand for various plastic products remained soft in the fourth quarter of 2024 (4Q24).