SINGAPORE (July 19): Precision plastics engineering firm Sunningdale Tech could see FY17 growth driven by its automotive business segment, according to Maybank Kim Eng Research.
The segment accounted for 39% of the group’s revenue in 1Q17.
“Growth in automotive segment is leveraged to global outsourcing trends; shift towards more in-car plastic components; and new product projects,” says Maybank lead analyst Neel Sinha in an “unrated” report on Wednesday.
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