Hanwell's Earnings From Paper Packaging Business Expected to Rise -- Market Talk
Hanwell's Earnings From Paper Packaging Business Expected to Rise -- Market Talk
(END) Dow Jones Newswires DJ Hanwell's Earnings From Paper Packaging Business Expected to Rise -- Market Talk
DJ Hanwell的纸包装业务收益有望上升--市场谈话
0609 GMT - Consumer goods company Hanwell may gain higher earnings contributions from its paper packaging business, driven by current strong demand in the global logistics sector, KGI Securities says. Demand for corrugated cardboard boxes is expected to increase, thanks to a growing e-commerce sector and increased need for storage materials, KGI says. Buoyant demand for consumer goods will also be beneficial for the company, KGI says, noting the company's plans to expand its consumer goods offerings by 30% in the next three to five years. The brokerage initiates coverage on the stock with a neutral rating and a S$0.42 target price. Shares are 1.3% higher at S$0.40. (justina.lee@wsj.com)
0609GMT-KGI Securities表示，消费品公司汉威(Hanwell)可能从其纸包装业务中获得更高的收益贡献，受当前全球物流行业强劲需求的推动。KGI表示，由于电子商务部门的增长和对储存材料的需求增加，对瓦楞纸箱的需求预计将增加。KGI说，对消费品的旺盛需求也将有利于该公司，并指出该公司计划在未来三到五年内将消费品供应扩大30%。该经纪公司以中性评级和0.42新元的目标价启动了对该股的覆盖。股价上涨1.3%，至0.40新元。(justina.lee@wsj.com)
(END) Dow Jones Newswires
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October 05, 2021 02:09 ET (06:09 GMT)
2021年10月05日02：09美国东部时间(格林尼治标准时间06：09)
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