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GLOBALTEC Formation Bhd rose in yesterday’s trading, extending its rebound following its recent correction.
PETALING JAYA: Companies in the plastic and packaging industry may see earnings in the third quarter (Q3) of 2021 coming in softer quarter-on-quarter (q-o-q) as a result of the 60% workforce capacity limit imposed due to movement restrictions.
PETALING JAYA: Food packaging manufacturer SCGM Bhd’s recent financial results is a reasonable indication that the company is on track in pursuing its growth strategy.
PETALING JAYA: SCGM Bhd’s net profit for the fourth quarter ended April 30, 2021, rose 11% year-on-year to RM7.6mil on higher revenue, which rose 32.4% to RM65.7mil.
KUALA LUMPUR: Kenanga Research remains bullish on SCGM Bhd as demand for its high-margin bento boxes could continue with the reimposition of regional lockdowns.
PETALING JAYA: The pricing of resin and demand for plastic and packaging products will continue to have an impact on plastic and packaging makers.
PETALING JAYA: The easing of resin prices in the coming months bodes well for SCGM Bhd, which has had to combat rising cost pressure in recent months to protect its margins.
KUALA LUMPUR: Food packaging manufacturer SCGM Bhd plans to spend RM20mil capital expenditure (capex) to expand its food packaging capacity.