Stock Digest - DS Sigma Holdings Bhd - Superior Margins Total Packaging Solution Provider

Total packaging solutions provider with established track record that is underpinned by its manufacturing capabilities of corrugated paper packaging products as well as fast and lean inventory management system. We project core earnings to be driven by normalising economy in FY24, as well as the group’s strategies to penetrate the northern region of Peninsular Malaysia within the solar PV and medical devices industries. DS Sigma is valued by pegging its FY24f core EPS of 5.0 sen to P/E of 16.0x, leading to a FV of RM0.80.