Plastics packaging producers to see growing competition from Europe rivals
KUALA LUMPUR: As sales volumes shrink amid the global economic slowdown, stiffer competition from European plastics packaging manufacturers could put further pressure on the local industry. European manufacturers could be closing in on local plastics packaging producers, according to Kenanga Research, as local companies are …
BP Plastics faces challenging times
PETALING JAYA: Competition in the stretch film space has intensified, especially in export markets, and that is affecting BP Plastics Holding Bhd’s earnings. The company saw a 19.9% quarter-on-quarter (q-o-q) drop in its third quarter of 2022 (3Q22) sales. CGS-CIMB Research has thus cut BP Plastics’ financial …
Plastic packaging firms to see decent earnings in 3Q before moderating in 4Q
LOW raw material prices coupled with high average selling prices (ASPs) is the ideal scenario for any manufacturer. Plastic packaging companies are currently enjoying such market conditions. Indeed, some chalked up a decent profit in the second quarter ended June 30. For one, SLP Resources …
BP Plastics’ profit in first six months beats expectations: Kenanga Research
KUALA LUMPUR: BP Plastics Holdings Bhd’s first half ended June 30, 2022 (1H FY22) core profit of RM20.1 million came within Kenanga Research’s forecast at 49 per cent of its full-year forecast. The company also beat market expectations at 58 per cent of the full-year …
Kenanga upgrades BP Plastics, raises target price to RM1.63
KUALA LUMPUR (August 16): Kenanga Research has upgraded BP Plastics Holding Berhad to Outperform at RM1.28 with a higher target price (TP) of RM1.63 (from RM1.31) and said BP Plastics’ 1HFY22 results met house expectations but beat consensus estimates. In a note on Tuesday (Aug …
BP Plastics’ 2Q net profit declines 17%, declares 1.5 sen dividend
KUALA LUMPUR (Aug 15): BP Plastics Holding Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) declined 17.45% to RM12.19 million from RM14.77 million a year earlier amid elevated freight charges and higher production costs. Quarterly revenue, in contrast, grew 28.07% to …
BP Plastics topped peers on ROE and ROA, says PublicInvest Research
KUALA LUMPUR (June 30): PublicInvest Research has initiated coverage of polyethylene plastics films and bag manufacturer BP Plastics Holdings Bhd and said the company’s return on equity (ROE) and return on assets (ROA) stood at 20% and 14.7% respectively, compared to its peer averages of …
BP Plastics 1Q net profit down 22% on higher production costs; declares 1.5 sen dividend
KUALA LUMPUR (May 23): BP Plastics Holding Bhd said its net profit for the first quarter ended March 31, 2022 (1QFY22) declined 22.05% to RM7.54 million from RM9.67 million a year earlier, mainly due to elevated production costs arising from the unexpected Ukraine conflict. However, …