Limited upside seen for Tomypak

Consolidation: Employees work at an avocados packaging plant in the municipality of Uruapan, Michoacan State, Mexico. Globally, the food packaging industry is going through a consolidation phase, with a wave of M&A, such as that involving the world’s largest player Amcor Ltd, reshaping the playing field. — AFP

While long-term prospects seem bright, the medium-term outlook remains challenging

Tomypak Holdings Bhd has had a good run over the last one year, with its shares turning out to be one of the outstanding performers in the local bourse in 2017.