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 …
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 …