PETALING JAYA: SLP Resources Bhd
’s growth prospects are expected to be supported by an uptick in orders and increased exports to overseas markets.
Kenanga Research said it came away from a post-results engagement with SLP feeling optimistic on its near-term outlook. The research house added the management had guided for a moderate improvement in business in financial year 2024 (FY24).
“This is driven primarily by increased exports to Japan and New Zealand, sustained packaging demand in Malaysia, and more orders for its MDO-PE film.
“It has seen a surge in orders especially for kitchen bags since December 2023, which they believe is likely to be sustained,” the research house said in a report yesterday.
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