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SLP Resources to bank on exports to Australia and Japan

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.

Affin Hwang maintains Hold on SLP Resources, TP at RM1.30

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.

Penang manufacturers feel the heat

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.

SLP to produce eco-friendly packaging materials

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.

Trading ideas: MISC, Malakoff, Petra Energy, Dayang, Tune Protect

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.

SLP Resources set to increase output

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.

Analysts cautious on the future of domestic plastics industry

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.