M+ Online
25th April 2023

Stock Digest - SLP Resources Bhd - Absence Of Fresh Leads Alongside Muted Trading Activities

SLP Resources Bhd’s (SLP) long-term prospects remain lackluster owing to the absence of fresh leads, while we expect shipments to European countries to remain out of the picture. While commitment to adopt automation and digitalisation process are in progress, improvement in margins are expected to be negated by the upward revision of electricity tariff under the Imbalance Cost Pass Through (ICPT) mechanism over a 6-month period from January 2023 till June 2023 and higher labour cost.

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