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The
Star, 2 October 2006
Stock Watch By Hamin Adnan Scientex PMS Securities is optimistic on Scientex's move to boost the production capacity of its stretch film from 60,000 tonnes to 100,000 tonnes per annum. The brokerage, which has a buy call on Scientex, said the group was well positioned to be one of the world's top five stretch film producers. Its three new production lines, with a combined production capacity of 40,000 tonnes, are slated for completion by the first quarter of next year. PMS said the expansion would help Scientex capture about 10% of the Asia-Pacific market and 4% of the world demand. |