PETALING JAYA: The plastic packaging industry will continue to face multiple challenges in the near term such as higher operating costs, intense competition and currency volatility together with an uncertain outlook due to the US tariffs.
Kenanga Research, which has maintained a “neutral” call on plastic packaging stocks, said the demand for plastic packaging in general “is mixed with average selling prices (ASPs) weakening on both competitive pricing and domestic currency appreciation”.
The research house expected the ringgit to appreciate to 4.08 to the US dollar in 2026 from 4.25 average in 2025.
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