Stock Price Target

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Last Price Avg Target Price   Upside/Downside Price Call
1.06 1.31     +0.25 (23.58%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
07/05/2018 1.00 1.30 +0.30 (30.00%) BUY KENANGA Price Target News
07/05/2018 1.00 1.07 +0.07 (7.00%) HOLD Affin Hwang Capital Price Target News
26/02/2018 1.45 1.55 +0.10 (6.90%) HOLD KENANGA Price Target News

Price Target Research Article/News (past 6 months)
07/05/2018  KENANGA SLP Resources Berhad - 1Q18 Within Expectations
07/05/2018  Affin Hwang Capital SLP Resources - Demonstrating Resilience
26/02/2018  KENANGA SLP Resources Berhad - FY17 Within Expectations

  3 people like this.
mf Transaction Type Date of Change No of Securities Price Transacted (RM)
Acquired 11 Aug 2016 100,000 3.000
12/08/2016 16:24
mf SLP gets strong orders for materials

by david tan

Group managing director Kelvin Khaw (pic) told StarBiz that the 18,000 tonnes would be valued at RM154mil based on the average selling price of US$2,200 per tonne.

Group managing director Kelvin Khaw (pic) told StarBiz that the 18,000 tonnes would be valued at RM154mil based on the average selling price of US$2,200 per tonne.

KULIM: Plastic packaging provider SLP Resources Bhd plans to produce 18,000 tonnes of plastic packaging materials by year-end, compared with 17,000 tonnes in 2015.

Group managing director Kelvin Khaw (pic) told StarBiz that the 18,000 tonnes would be valued at RM154mil based on the average selling price of US$2,200 per tonne.

“We have delivered 8,200 tonnes with a market value of RM66mil to customers in the first half of 2016.

“We need to produce 10,000 more tonnes, valued at RM88mil, for the second half to achieve the target.

“We are getting strong orders from Australia in the second half,” Khaw said.

About 10% of the targeted 18,000-tonne output for 2016 will be shipped to Australia.

“Last year, the Australian market consumed about 8.5% of the total output,” he said.

SLP expected its RM12mil plant, which is undergoing construction now, to start operations in early 2017.

“Once the plant is operational, we will be ready to enter the Chinese market. We are in talks with a customer to supply packaging materials for healthcare products.

“We expect to produce for the customer in 2017 about 600 tonnes of high-value thin-gauged flexible packaging material.

“In 2018, we expect the orders to triple to 1,800 tonnes per annum, which would have a market value of over RM20mil, if the prices of resin stay at the current level of about US$2,200 per tonne,” he said.

The new plant would add 600 tonnes to its capacity, increasing the group’s maximum output capacity to 24,600 tonnes per year from 24,000 tonnes presently.

“In two years, we plan to raise the maximum capacity of the group to 38,000 tonnes from 24,000 tonnes at present,” he added.

On the domestic market, Khaw said consumption in the country had contracted to 40% from about 60% in 2014.

The selling price of resin had increased to US$1,200 from US$1,150 in May.

For the first six months of 2016, the group posted RM13.5mil in pre-tax profit on the back of an RM86.8mil turnover, compared with the RM14.6mil and RM83.9mil repectively in the previous corresponding period.

According to a Smithers Pira report, the global market for flexible packaging will grow at an annual average rate of 3.4% during the period of 2015-2020, reaching US$248bil in 2020.

The report says the food packaging sector, occupying over 70% of the global consumer flexible packaging market, grew by 4% on average in volume terms, and reached over 18.8 million tonnes in 2015.

“While Asia-Pacific and Western Europe have enjoyed the largest areas of growth over the period of 2010-2014, sales of consumer flexible packaging have been growing at a high average annual rate in Asia-Pacific and Eastern Europe,” the report added.
15/08/2016 08:25
Up_down This is a growth stock but not now....2 years later in 2018 when the new plant is ready. Price is obviously over-hyped with PER 23x.
17/08/2016 16:11
Investmon be very careful of this counter...i suspect it's being cornered and under investigation now
17/08/2016 19:14
lokyonghwa under investigation on what issue. ? don't mind to share ?
18/08/2016 10:27
ccfirst any idea whats going on ?
18/08/2016 10:37
lilbobeep @Investmon be careful of what you say... forum messages can be used against you. What proof do you have?
18/08/2016 10:39
Investmon I have no idea. I wanted to buy when the price came down so much,, but my remisier told me not to. He said it is under investigation. He said same with ULI and SCGM
18/08/2016 10:40
Contender what is the story ? what investigation ? looks like force selling ...
18/08/2016 10:43
traderman go go go ... 2.5 today
18/08/2016 11:09
mf Transaction Type Date of Change No of Securities Price Transacted (RM)
Acquired 16 Aug 2016 45,000 2.780
18/08/2016 20:26
paulthesotong Directors keep buying but price down ..ripe for TRB
19/08/2016 08:35
NorthernStar Local Bank-Backed Asset Management sell down of SCGM, SLP, ULICORP & OFI. Source from Edge Financial Daily Page 5.
All these stocks are overvalued by over 100%. It is a matter of time for correction.
19/08/2016 08:36
r3490 Paul can you tell me what is TRB?
19/08/2016 09:27
traderman Will back to 3.0
19/08/2016 14:13
Investmon @lilbobeep the proof just showed itself. There is no smoke without fire. Go check if the CIO has resigned. I heard the fund managers managing the Kids unit trust have also been suspended. People hard earned money put in the unit trusts just vanished. Really pitiful. Next time people share info, be smart to listen. Dont defend the cmpany like you are the directors. I am just trying to preventpeople from losing $. GET THE DRIFT @LILBOBEEP.
19/08/2016 19:36
traderman Turbochart no more such chance. Will back to 3
21/08/2016 15:15
rabbit1216 RHB's Head of Equity defended that they select the stocks based on fundamental and have done necessary due diligence..but they didnt mention about fund manager who managing Kids unit trust have been suspended..
24/08/2016 14:32
mf http://www.thestar.com.my/business/business-news/2016/08/25/no-selldown/
26/08/2016 11:51
mf 2.38 in september 2016, 3.38 in 2017
08/09/2016 09:12
mf fly
08/09/2016 16:38
mf 2.39
08/09/2016 16:39
mf 2.43
09/09/2016 09:09
mf fly 2.47
09/09/2016 09:14
nickyesh will it still go up? since the last 2 trading days it kept fly fly up.
11/09/2016 22:40
Freshbird The company itsels is doing good. But beware of this week market share movement due to the news of possible rate hike by Fed. The external factor is playing important role too.
12/09/2016 20:59
mf still go up? long term for 2017
13/09/2016 07:52
mf fly 2.52
13/09/2016 16:49
Mgician bad QR... sure have show on Monday
04/11/2016 17:44
Mgician http://www.bursamalaysia.com/market/listed-companies/company-announcements/5251701
04/11/2016 17:45
mf http://www.theedgemarkets.com/my/article/slps-earnings-fall-339-3q
04/11/2016 20:44
Freshbird Unexpected good qtr result. should have accumulate more
09/03/2017 16:16
Freshbird so quiet here
31/03/2017 08:53
Tang Sze Yeng https://i3investor.wordpress.com/
22/04/2017 08:57
mf accumulate
01/06/2017 14:00
necro gg.com
04/08/2017 22:40
等钱掉 enter this counter
10/08/2017 09:40
shpg22 Crazy valuation of P/E 27x and P/B of 5.8x for such a pathetic growth company. Should be worth not more than 0.60. Buy TGUAN better. Sometimes I really have serious doubt on the analyst.
03/11/2017 18:38
mf Sell
03/11/2017 21:33
pang72 expect to go back to 1.5 due to poor result
05/11/2017 18:53
mf Zzzz stock
20/01/2018 00:23
bluefun The Sunset or Sunrise of Plastic Packaging Industry

18/02/2018 22:43
mf No volume
23/02/2018 17:40
mf Zzz
28/02/2018 22:52
mf No effect
05/03/2018 19:10
mf Zzz
07/03/2018 22:11
shpg22 Poor result. Reduced target price to 0.30 @ forward P/E of 13.4X, P/B 2.3X inline with peers TGUAN P/E 7.4X, SCGM 13.6X.
05/05/2018 12:02
Patrick13 Stupid SLP announced wrong figure in the Bursa.
PAT is 5170, NOT 1,272 (total comprehensive income).
07/05/2018 10:22
azfar8 this is good to buy or not? the drop, so fierce... however the director keep on buying... hope they can do something... well, take it private at 1.30 is enough...
06/06/2018 15:43
azfar8 sudah beli skit, see how it goes...
07/06/2018 14:13

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