Stock Digest - BP Plastics Holding Berhad - Weakened Demand, Higher Production Cost Hamper Margins

Resin continued to see price erosion in 3Q22, largely due to the overhang resin supply in the market as well as the overall lackluster demand amid uncertain global economic condition. We expect price consolidation to continue in the resin market before producers clearing out inventory overhang to rebalance supply and demand.