Plastic packaging is recovering, and the stock price has already started!
SCIENTX announced its results in March. Although the profit of the packaging business declined year by year, the forecast is that it will recover in the future. According to investment bank tracking, TGUAN also mentioned that demand will begin to recover this year.
However, BPPLAS's net profit in FY2023 has grown 15.4% year-on-year, so this year's stock price increase was the most aggressive. Today, SLP announced its latest results. Net profit was a six-quarter high, and YOY grew 63.1%. Turnover did not grow much, but as the product mix improved and raw material costs declined, margin increased a lot.
2023 was a difficult year for many manufacturing industries, mainly because customers bought too many products before, so last year they were out of stock. The situation has improved this year, exports have begun to recover, and the packaging industry will usher in a good year.
It is expected that the next performance of the above 4 packaging companies will turn upwards from the bottom. In an environment where the industry is strong and the packaging business is recovering, SCIENTX is also a bit closer to a long-term market capitalization of RM 10 billion.
Earnings are expected to recover, and stock prices have already set sail in the past month. As long as profits can be met, I believe the value of these companies will also be seen by more investors. Mutual encouragement.
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