We attended Oldtown (OTB)’s analyst briefing and visited its new plant in Ipoh yesterday. The new plant is a modern, green building with an annual capacity of 24k tonnes to cater to the group’s expanding business. Going forward, we believe the additional capacity from this FMCG plant will drive OTB’s growth. Maintain BUY, with our FV unchanged at MYR2.90. A plant…
13th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur, Malaysia
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