NCB Stockbrokers favour the plastics and radiator group Barlo as a buy for investors, suggesting a positive outlook for the company in general.

NCB says the demand for plastics is positive with continued strong demand while he company is also investing heavily in efficient capacity expansion.

In radiators, Barlo's new product offers significant savings in manufacturing and opens up new markets for expansion over the medium term. In addition to organic expansion, Barlo has the financial and management resources to pursue acquisition opportunities in both plastics and radiators in the next 12 to 18 months. The brokers believe the shares now represent good value.