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Sunningdale Tech growth to be driven by automotive segment, says Maybank

Jude Chan
Jude Chan7/19/2017 12:43 PM GMT+08  • 2 min read
Sunningdale Tech growth to be driven by automotive segment, says Maybank
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.
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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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