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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.
I think this company is poised for further tailwind too. Their property sale probably hasn’t been priced in yet, and the war probably caused shortage in resin, if they’re able to pass on to customers that would fare really well for tguan. Technical wise is good setup as well, we’re seeing HH and HL already.
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