According to Khaw, there would be improvement in revenue and net profit this year because of lower resin prices.
“The polyethylene prices have dropped to US$1,100 from US$1,300 per tonne in the last three months.
“The drop has lowered our production cost, enabling us to achieve a better margin,” he said.
“However, this round of lower resin prices have yet to affect orders because the demand for packaging materials usually increase in the second half of the year.
“Consistent orders from Japan, New Zealand and Australia have also sustained the demand,” he added.
Day 22 of Fundamental Daily, YAPSS will be covering SLP Resources Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #FundamentalDaily #SLPResourcesBerhad
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https://vietnamnews.vn/economy/talking-shop/467877/plastics-industry-has-more-room-for-development.html#lDJQ3aizgsGu9pBP.97