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USD 1 to RM4.04 today, compared to RM3.93 months ago. USD strengthened is advantage for this counter.
Prediction that the orders are full already. Performance for Q1/26 should be better.
At this moment the market is short of plastic packaging for both water, food and daily necessities, oil prices impact and also the resin supply are short. I believe this company has many stocks of resins and the stocks are bought earlier at a lower prices, therefore prediction on the GP could be more during this period. 1st TP1.30 and if breaks thru, could up to 1.50
Recently the USD will be strengthened just adjusted another 0.25% interest rates. There maybe chance the price may go up, however depends on BNM will raise interest rates or not. But long term investment this counter is good. Buy as low as possible and sell when it’s high. ?
Situation now is the USD is weakening. This will impact the overall sales revenue for companies doing export. And this will affect the profit. As long as the material average costs can be reduce over some time, the profit can be back to the desired level.
