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Research by Kenanga
Outperform – TP RM1.16

“Price Cuts Offset by Improved Economies"

SLP remains positive on the Japanese market (kitchen bags and garbage bags). Although it is encountering some challenges in Thailand, its first shipment to Vietnam is en route. Slight price cuts in response to competition are cushioned by improved economies of scale from the higher sales volumes. We maintain our forecasts, TP of RM1.16 and OUTPERFORM call.

Analyst:
Teh Kian Yeong 
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$KLSE-SLP
Research by Kenanga
Outperform – TP RM1.16

“Price Cuts Offset by Improved Economies"

SLP remains positive on the Japanese market (kitchen bags and garbage bags). Although it is encountering some challenges in Thailand, its first shipment to Vietnam is en route. Slight price cuts in response to competition are cushioned by improved economies of scale from the higher sales volumes. We maintain our forecasts, TP of RM1.16 and OUTPERFORM call.

Analyst:
Teh Kian Yeong 
tehky@kenanga.com.my