[%okkE%] 
Research by Kenanga
Market Perform - TP of RM1.23

"Niche Products to Cushion Slowdown"

BPPLAS’s FY23 results met expectations. Its FY23 core net profit rose 7% driven by an improved product mix. It is cushioning the slowdown in the plastic packing sector by stepping up the production of premium stretch film and value-added blown film. We maintain our FY24F net profit forecasts, TP of RM1.23 and MARKET PERFORM call.

Analyst(s):
Teh Kian Yeong 
[%VWWS%]

$KLSE-BPPLAS 
Research by Kenanga
Market Perform - TP of RM1.23

"Niche Products to Cushion Slowdown"

BPPLAS’s FY23 results met expectations. Its FY23 core net profit rose 7% driven by an improved product mix. It is cushioning the slowdown in the plastic packing sector by stepping up the production of premium stretch film and value-added blown film. We maintain our FY24F net profit forecasts, TP of RM1.23 and MARKET PERFORM call.

Analyst(s):
Teh Kian Yeong 
tehky@kenanga.com.my