Goodpack (G05.SG) is due for a massive re-rating given its strong growth prospects and cheap valuations, says Kim Eng Securities.
The brokerage says the company’s 10-year track record of at least 25% annual growth in net profit and margins is testament to its monopolistic market position.
Kim Eng says the market has yet to factor in intermediate bulk container supplier’s impending entry into new product segments (such as auto-parts market) and exponential growth potential.
