$BPPLAS / 5100 (BP PLASTICS HOLDING BHD)
Research by Kenanga
Market Perform – TP of MYR 1.42

“New Products to Bolster Margins”

BPPLAS guided for a 10% sales volume growth for FY24, driven
largely by export sales of premium products such as thinner gauge
nano stretch film. Its new higher-margin stretch hood product and
blown film packaging product used in the F&B sector should cushion
over margins amid rising costs. We maintain our forecasts, TP of
RM1.42 and MARKET PERFORM call.

Analyst(s):
Thin Yun Jing
thinyj@kenanga.com.my