KLSE: ORNA (5065)       ORNAPAPER BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.59   -0.01 (0.62%)  1.52 - 1.62  335,000
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Market Cap: 120 Million
NOSH: 75 Million
Avg Volume (4 weeks):694,087
4 Weeks Range:1.38 - 1.78
4 Weeks Price Volatility (%):
52 Weeks Range:1.02 - 1.78
52 Weeks Price Volatility (%):
Average Price Target: 1.44
Price Target Upside/Downside: -0.15

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017 [#4]  |  27-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  24-May-2018
T4Q P/E | EY: 7.65  |  13.08%
T4Q DY | Payout %: 3.10%  |  23.69%
T4Q NAPS | P/NAPS: 2.0497  |  0.78
T4Q NP Margin | ROE: 4.82%  |  10.15%


Date Subject
02-May-2018 (Icon) Ornapaper - Another Beneficiary of China's Waste Paper Import Ban
28-Apr-2018 Lau333// AR2017 for ORNA and MUDA
18-Apr-2018 Daily Market Update - 18 Apr 2018 (MUDA, ORNA)
18-Apr-2018 M+ Online Technical Focus - 18 Apr 2018
18-Apr-2018 彦武纸业上挑RM1.53/敏源
18-Apr-2018 永旺 扩展顺利拼业绩
14-Mar-2018 彦武纸业上挑RM1.77/敏源
12-Mar-2018 Paper Related counter - MUDA & ORNA
07-Mar-2018 Daily Technical Highlights – (BPLANT, ORNA)
05-Mar-2018 Lau333//Corrugated Packaging Industry: ORNA @ RM1.63
26-Feb-2018 Lau333//Corrugated Packaging Industry: MUDA, BOXPAX, ORNA, PPHB & MASTER
24-Jan-2018 ORNA – Anticipation of better results on the back of robust e-commerce sales
05-Dec-2017 彦武纸业迈向RM1.46/敏源
13-Nov-2017 Going into the middle of November, can Orna Paper share price make 100% gain this year?
03-Nov-2017 Daily Technical Highlights - (CCK, ORNA)
30-Oct-2017 M+ Online Technical Focus - 30 Oct 2017
08-Sep-2017 Traders' Corner - Ornapaper (OPB MK)
13-Jul-2017 《牛奶冰》【个股分享】 ORNA 彦武纸业 5065
25-May-2017 Traders' Corner - Ornapaper (OPB MK)

Business Background

Ornapaper Bhd is an investment holding company. Ornapaper through its wholly-owned subsidiaries manufactures and supplies corrugated boards and carton boxes. The company’s product offerings include corrugated boxes in various types, including regular slotted cartons, top and bottom, five-panel folder, half slotted carton, full overlap slotted carton, L shape, H shape, corrugated pads and die-cut; measuring cardboard boxes, and corrugated flutes. The company’s operations are carried on only in Malaysia.
Analyze this stock with MQ Trader system

  thienthien likes this.
Pakcik Saham panic selling...good for investor not for trader
23/03/2018 19:25
Pakcik Saham https://www.statista.com/outlook/243/122/ecommerce/malaysia#
24/03/2018 02:51
Pakcik Saham https://themalaysianreserve.com/2018/03/22/lazada-aims-to-remain-the-leader-of-the-e-commerce-pack/
24/03/2018 02:52
Pakcik Saham e-comerce growth will help this counter for longterm
24/03/2018 02:53
mbs7633 6.49 only. Buy.
26/03/2018 09:24
moguiyu PE 6.25 buy !!! :p
26/03/2018 10:07
GG_Liang Beep beep beep. Buy signal
26/03/2018 16:31
Tongkarat Good movement...
26/03/2018 16:58
GG_Liang Tomorrow limit up
26/03/2018 21:42
Redpeople 据华印纸箱报道,近日受主要原材料原纸价格的大幅波动影响,又有6家纸板厂对外宣布再提价,涨幅5%-6%不等。这段时间,原纸厂频繁调价,幅度越来越大,导致纸板、纸箱厂也不得不频频上涨。据不完全统计,仅仅是3月1日-9日,就已经有至少14家纸板厂发出过涨价通知了。
27/03/2018 15:12
03/04/2018 14:42
paperplane this yr really yr for paper??
03/04/2018 14:44
isupertrader wow..bought lots of orna today :)
05/04/2018 09:44
isupertrader Support for FBMKLCI which is 1834 just arrived which is important for support. We just hit it not long ago. So share price intact. I don't think Trump wants to start a Trade War with China. Both on losing end
05/04/2018 09:45
Pakcik Saham good candle sign yesterday hanging man
09/04/2018 20:56
godhand paper sifu paper business future good meh.
10/04/2018 11:28
godhand i see some sort of growth topline and bottom line
10/04/2018 11:28
godhand im trying to understand why gohkimhock pick this stock too. i like his pick a lot his pick makes a lot of sense long term
10/04/2018 11:33
gnail who is gohkimhock?
10/04/2018 22:15
Greenpower aft goh bought drop again.
11/04/2018 11:46
Yael Jasper Just sell down
11/04/2018 16:32
Lim Tek Wai can i buy up
11/04/2018 17:50
GG_Liang Gohkimhock is an investor that consistently making profit yearly. Check out his stock pick. Some people made it to number 1 then losing money in following years which is pointless. To me. Consistentency is more important
12/04/2018 09:04
paperplane yes! Goh is very good. His record for me as good as OTB. Stable, and smooth sailing following his picks
12/04/2018 09:11
jordanmaggie61 I am still waiting for you
12/04/2018 10:09
Redpeople cheap cheap now.. waiting shark buy i follow
19/04/2018 15:19
joeylim all in
23/04/2018 16:21
zhangliang we like this one too!
25/04/2018 14:53
deepseafisherman Cold Eye is one of the largest shareholder in Orna, according to latest annual report
26/04/2018 19:02
paperplane yup
im buying more today
30/04/2018 14:56
Icon8888 RM108 mil market cap only, so small. very easy to push if results good. I ride with sifu paperplane
30/04/2018 17:42
probability Since the whole paper industry outside China is going to reap enormous benefit...

Orna has all the rights to get a chunk of the pie....if not a BIG CHUNK of the margin explosion - 50%!

it has proven to double its earnings (E) in a year.....

with the extremely bright future prospect ahead, why should the price (P) be any less than double?

minimum 100% gain awaits.
01/05/2018 20:41
Dylan Tham Chee We GG_Liang - Do you know how to check out Gohkimock picks?
01/05/2018 22:10
gohkimhock @Dylan, you can check it out here.


he is currently sitting on 11th, not that great though..
02/05/2018 03:02
Dylan Tham Chee We Thanks Mr.Goh
02/05/2018 09:53
Icon8888 https://klse.i3investor.com/blogs/icon8888/155598.jsp
02/05/2018 21:07
VenFx Since many sifus on board...
Need not hesitate, just hop in :)
02/05/2018 21:21
mrinvestor12 https://www.mrinvestor12.com/2017/12/ornapaper-berhad-from-corrugated-boxes.html
04/05/2018 13:29
paperplane Short term volatile....Buy more on weakness
07/05/2018 20:48
Lau333 Good to see ORNA back to 1.64. Now OCC price around 75, down 50% from a year ago....
14/05/2018 19:35
Energiser Master announced good results...hopefully good results as well for Muda and Orna.
14/05/2018 21:42
paperplane yup. should be consistent for muda and orna
17/05/2018 11:39
paperplane This stock consider very stable already.
17/05/2018 21:15
watchful2 Why this morning suddenly drop?
22/05/2018 09:39
loonginv all profit taking, will back in afternoon
22/05/2018 12:27
probability It may turnout that downstream has much faster margin expansion than usptream....

May turnout to be the dark horse of 2018.
22/05/2018 22:06
probability if upstream margins are to expand due to cheaper raw mat...what could possibly squeeze downstream margin?

at current margin and management optimism......

ORNA could be the safest bet.
22/05/2018 23:35
probability The Group is exposed to foreign currency risk primarily through sales and purchases of raw materials, i.e. paper rolls and machineries that were transacted in USD, SGD and EURO, as a result of strengthening of USD, SGD and EURO against RM. The Group does not practice any active hedging of foreign currency due to unpredictable fluctuation of foreign currency. The management of foreign currency risk is performed through closed monitoring of foreign currency movement with limited hedging through forward contracts and active cash flow planning by the Management.

In order to reduce the impact of foreign currency on the cost of paper packaging and paper based stationery products produced, the Group reduced its dependency on import of paper rolls from overseas by substituting the consumption requirements through local sources. However, it will still be depending on the availability of paper supply in Malaysia and overseas as a result of the global paper shortage encountered.
23/05/2018 22:55
probability The paper packaging division continued to form the mainstay of the Group’s business, demonstrated by its sales contribution of more than 90% of the Group’s total revenue in 2017. Electronic and electrical (“E&E”) industry, food and beverage (“F&B”) industry as well as furniture industry remained as the top three (3) sectors for the revenue generation of the Group, amounted to 43% of the Group’s sales in 2017.

The revenue growth was mainly driven by the increase in average selling price of corrugated boards and cartons boxes both by approximately 18% and 11% respectively from 2016 to 2017, as a result of the continuous cost pass-through efforts by the Group’s Sales and Marketing division in dealing with the increasing raw materials costs which was affected by both the limited supply of paper rolls and increasing demand of paper packaging and paper based stationery products, as well as the weak Ringgit Malaysia (“RM”) in terms of imports. Nonetheless, the improved product mix structure by improving the premium cartons’ contribution to the overall sales composition also contributed to the increase in average selling price.
Besides, the improved revenue in the current financial year was also partly contributed by the increased sales volume in 2017 secured from the new and existing customers albeit the weak business climate, resulting from the Group’s strategy not to overly dependent on one industry but diversifying its customer base to wide spectrum of industries to counter the seasonal and cyclical pattern of a particular industry. The increase in net sales volume from 2016 to 2017 by approximately 7.55% was observed mostly from the paper packaging division, from approximately 87,345 MT in 2016 to 93,940 MT in 2017.
23/05/2018 23:00
probability Cost of Goods Sold and Gross Profit Margin

Cost of goods sold recorded an increase by approximately RM 45.941 million or 20% from RM224.122 million for 2016 to RM 270.063 million for 2017, mainly contributed by the upsurge in paper costs in consequence of the paper shortage with increasing demand, as well as higher consumption of raw materials, labours and direct overheads expenses incurred in 2017 to accommodate the increase in sales volume during the year. Paper roll is accounted to be the highest cost component of both the paper packaging and paper based stationery products. The average purchase price of paper roll (per metric tonne (“MT”)) and the quantity of paper rolls consumed in 2017 increased by approximately 19% and 8% respectively compared to the previous financial year.
Despite the increase in cost of goods sold driven by the price hike and tight supply of raw materials, the gross profit margin of the Group remained relatively stable at 18% in 2017 compared to 2016, principally due to the improved plants’ capacity utilisation and efficiency to drive down unit manufacturing cost as well as continuous cost pass-through exercises by the Sales and Marketing Department of respective operating subsidiaries. The gross profit margin of the paper packaging and paper based stationery division were approximately 16% and 11% respectively in 2017.
23/05/2018 23:01


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