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的紙包裝業務收益有望上升--市場談話
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，消費品公司漢威(Hanwell)可能從其紙包裝業務中獲得更高的收益貢獻，受當前全球物流行業強勁需求的推動。KGI表示，由於電子商務部門的增長和對儲存材料的需求增加，對瓦楞紙箱的需求預計將增加。KGI説，對消費品的旺盛需求也將有利於該公司，並指出該公司計劃在未來三到五年內將消費品供應擴大30%。該經紀公司以中性評級和0.42新元的目標價啟動了對該股的覆蓋。股價上漲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美國東部時間(格林尼治標準時間06：09)
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