Plastic packaging players poised for better margins

Among stocks in the sector, Kenanga’s top pick is Thong Guan Industries Bhd.

PETALING JAYA: The reopening of economies have seen demand for plastic packaging increasing from the industrial and food and beverage sectors, says Kenanga Research.

Players in the sector are also poised for better margins as selling prices of plastic packaging products have held up despite the falling cost of resin, it said in a report.