SLP

2022 - 8 - 8

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Image courtesy of "The Star Online"

SLP earnings face pressure from labour shortage (The Star Online)

KUALA LUMPUR: Kenanga Research says SLP Resources Bhd continues to suffer from persistent lower sales volumes due to low production on the back of a labour ...

The group’s turnover, however, grew 5.7% y-o-y. “The recruitment of foreign labour will likely turn out to be a long-drawn affair given that it involves government-to-government negotiations,” Kenanga Research added in a fresh report on SLP Resources yesterday. KUALA LUMPUR: Kenanga Research says SLP Resources Bhd continues to suffer from persistent lower sales volumes due to low production on the back of a labour shortage.

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Image courtesy of "New Straits Times Online"

Recovering utilisation rate for manufacturing segment to lift SLP ... (New Straits Times Online)

KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB Research) projects SLP Resources' revenue to grow at a compound annual growth rate (CAGR) of 6.7 per cent ...

"We deem SLP a good company in current macroeconomic conditions considering its uninterrupted dividend track record with a sustainable yield of 6.7 per cent in FY23," it added. HLIB Research said that although most plastic packages are recyclable nowadays, using composite materials that consist of different materials in a single package has made recycling so costly that most composite packages end up in landfills. Moving forward, SLP is expected to focus on innovating more high-value-added products to tap into the personal care and healthcare segments, which have high entry barriers and growing potential.

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