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GEORGE TOWN: The price of resin – now hovering at about US$850 per tonne, the lowest in the past 10 years – will prompt buyers of plastic products to delay orders for the short term.
GEORGE TOWN: Northern region-based plastic, tissue paper, fastener, radio frequency chip and semiconductor test-equipment manufacturers are among the beneficiaries of the United States-China trade conflict.
GEORGE TOWN: Flexible packaging materials producer SLP Resources Bhd expects its revenue and net profit to stay flat for the 2019 financial year despite more cost-effective production as a result of lower resin prices.
GEORGE TOWN: SLP Resources Bhd is counting on its exports to Australia and Japan to drive the group’s top and bottom line in 2019, as domestic demand continues to contract.
KUALA LUMPUR: Affin Hwang research expects SLP Resources Bhd to report decent earnings growth of 6.5% year-on-year on higher production capacity, low resin costs and a weak ringgit.
GEORGE TOWN: Impacted by the global economic slowdown and US-China trade war, the manufacturing sector in Penang is already feeling the heat, with some factories suspending operations and downsizing their workforce, according to InvestPenang director Datuk Seri Lee Kah Choon.
GEORGE TOWN: SLP Resources Bhd will introduce eco-friendly flexible packaging materials into a market that is projected to grow to US$6.12bil by 2023.
KUALA LUMPUR: MISC Bhd, Malakoff Corp Bhd, Petra Energy Bhd, Dayang Enterprise Holdings Bhd and Tune Protect Bhd are among the stocks to watch, according to JF Apex Research.
GEORGE TOWN: SLP Resources Bhd will invest RM11mil initially to raise its production capacity to 32,000 tonnes next year from 27,000 tonnes now in a move to expand its presence in the healthcare packaging business.
PETALING JAYA: Analysts are taking a cautious stance on the future of the domestic plastics and packaging industry on the back of persisting margin pressures.