Stock Digest - SLP Resources Bhd - Recovery In Sight, But Valuations Are Fair

Sales are expected to demonstrate improvement in 2022 as Kedah state has moved into the Phase 4 under the National Recovery Plan (NRP) from 8th November 2021. Meanwhile, SLP remains focused on the automation process, which has already brought down its workforce from 363 in early 2021 to below 300 at present. For now, SLP will be targeting to bring its utilisation rate back to pre- Covid-19 levels, which is at around 75.0%.