Highlights
KLSE: ORNA (5065)       ORNAPAPER BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.26   -0.03 (2.33%)  1.25 - 1.28  188,400
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Financials


Market Cap: 95 Million

Market Cap 95 Million
NOSH 75 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 26-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 26-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Mar-2018 [#1]

Latest Quarter: 31-Mar-2018 [#1]
Announcement Date 28-May-2018
Next Quarter: 30-Jun-2018
Est. Ann. Date: 15-Aug-2018
Est. Ann. Due Date: 29-Aug-2018
QoQ | YoY   -49.15%  |    -8.29%

Annual (Unaudited) ( EPS: 20.80, P/E: 6.06 )

Revenue | NP to SH 330,700  |  15,650
RPS | P/RPS 439.46 Cent  |  0.29
EPS | P/E | EY 20.80 Cent  |  6.06  |  16.51%
DPS | DY | Payout % 2.46 Cent  |  1.95%  |  11.85%
NAPS | P/NAPS 2.05  |  0.61
YoY   101.42%
NP Margin | ROE 4.82%  |  10.15%
F.Y. | Ann. Date 31-Dec-2017  |  27-Feb-2018

T4Q Result ( EPS: 20.49, P/E: 6.15 )

Revenue | NP to SH 341,064  |  15,419
RPS | P/RPS 453.24 Cent  |  0.28
EPS | P/E | EY 20.49 Cent  |  6.15  |  16.26%
DPS | DY | Payout % 4.93 Cent  |  3.91%  |  24.05%
NAPS | P/NAPS 2.08  |  0.61
QoQ | YoY   -1.48%  |    61.52%
NP Margin | ROE 4.62%  |  9.85%
F.Y. | Ann. Date 31-Mar-2018  |  28-May-2018

Annualized Result ( EPS: 13.59, P/E: 9.27 )

Revenue | NP to SH 327,548  |  10,228
RPS | P/RPS 435.27 Cent  |  0.29
EPS | P/E | EY 13.59 Cent  |  9.27  |  10.79%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -34.65%  |    -8.29%
NP Margin | ROE 3.30%  |  6.54%
F.Y. | Ann. Date 31-Mar-2018  |  28-May-2018


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2018 28-May-2018 31-Mar-2018 1 81,887 3,605 2,699 2,557 - 156,462 - % 3.30% 1.63% 74,153 110.43 108.82 3.45 3.40 0.00 0.00 2.1100 2.08   -49.15%   -8.29% 30-Mar-2018 1.34 1.21 38.86 0.64 2.57% 0.00% 28-May-2018 1.61 1.46 46.69 0.76 2.14% 0.00%
31-Dec-2017 27-Feb-2018 31-Dec-2017 4 90,777 6,083 5,053 5,029 1,853 154,238 36.86% 5.57% 3.26% 74,153 122.42 120.63 6.78 6.68 2.50 2.46 2.0800 2.05   42.75%   201.14% 29-Dec-2017 1.34 1.09 19.76 0.64 5.06% 1.87% 27-Feb-2018 1.52 1.24 22.41 0.73 4.46% 1.64%
31-Dec-2017 14-Nov-2017 30-Sep-2017 3 86,745 5,076 3,603 3,523 1,853 151,272 52.62% 4.15% 2.33% 74,153 116.98 115.27 4.75 4.68 2.50 2.46 2.0400 2.01   -18.26%   7.47% 29-Sep-2017 1.39 1.19 29.26 0.68 3.42% 1.80% 14-Nov-2017 1.49 1.27 31.36 0.73 3.19% 1.68%
31-Dec-2017 15-Aug-2017 30-Jun-2017 2 81,655 5,301 4,403 4,310 - 149,749 - % 5.39% 2.88% 75,251 108.51 108.51 5.81 5.81 0.00 0.00 1.9900 1.99   54.59%   138.12% 30-Jun-2017 1.25 1.15 21.82 0.63 4.58% 0.00% 15-Aug-2017 1.21 1.12 21.13 0.61 4.73% 0.00%
31-Dec-2017 24-May-2017 31-Mar-2017 1 71,523 3,450 2,891 2,788 - 14,311 - % 4.04% 19.48% 7,415 964.53 95.05 3.76 3.70 0.00 0.00 1.9300 0.19   66.95%   107.29% 31-Mar-2017 1.03 0.11 2.74 0.53 36.50% 0.00% 24-May-2017 1.06 0.11 2.82 0.55 35.47% 0.00%
31-Dec-2016 24-Feb-2017 31-Dec-2016 4 71,568 1,519 1,686 1,670 - 140,890 - % 2.36% 1.19% 74,153 96.51 95.11 2.25 2.22 0.00 0.00 1.9000 1.87   -49.05%   13.76% 30-Dec-2016 0.94 0.97 41.74 0.49 2.40% 0.00% 24-Feb-2017 1.07 1.11 47.51 0.56 2.10% 0.00%
31-Dec-2016 16-Nov-2016 30-Sep-2016 3 65,961 3,660 3,293 3,278 - 139,407 - % 4.99% 2.35% 74,153 88.95 87.65 4.42 4.36 0.00 0.00 1.8800 1.85   81.10%   94.42% 30-Sep-2016 0.955 1.07 21.60 0.51 4.63% 0.00% 16-Nov-2016 0.93 1.05 21.04 0.49 4.75% 0.00%
31-Dec-2016 24-Aug-2016 30-Jun-2016 2 72,527 2,453 1,829 1,810 22 137,975 1.23% 2.52% 1.31% 74,180 97.77 96.38 2.44 2.41 0.03 0.03 1.8600 1.83   34.57%   15.29% 30-Jun-2016 0.98 1.00 40.16 0.53 2.49% 0.03% 24-Aug-2016 0.945 0.97 38.73 0.51 2.58% 0.03%
31-Dec-2016 27-May-2016 31-Mar-2016 1 61,995 1,884 1,376 1,345 - 136,729 - % 2.22% 0.98% 74,309 83.43 82.38 1.81 1.79 0.00 0.00 1.8400 1.82   -8.38%   -41.95% 31-Mar-2016 1.01 1.21 55.80 0.55 1.79% 0.00% 27-May-2016 0.94 1.13 51.93 0.51 1.93% 0.00%
31-Dec-2015 17-Feb-2016 31-Dec-2015 4 63,600 1,693 1,476 1,468 - 134,937 - % 2.32% 1.09% 74,141 85.78 84.52 1.98 1.95 0.00 0.00 1.8200 1.79   -12.93%   -20.52% 31-Dec-2015 1.02 1.19 51.52 0.56 1.94% 0.00% 17-Feb-2016 1.05 1.22 53.03 0.58 1.89% 0.00%
31-Dec-2015 17-Nov-2015 30-Sep-2015 3 56,346 2,364 1,721 1,686 - 133,691 - % 3.05% 1.26% 74,273 75.86 74.88 2.27 2.24 0.00 0.00 1.8000 1.78   7.39%   -41.94% 30-Sep-2015 0.91 1.20 40.09 0.51 2.49% 0.00% 17-Nov-2015 1.23 1.62 54.19 0.68 1.85% 0.00%
31-Dec-2015 21-Aug-2015 30-Jun-2015 2 63,193 2,322 1,606 1,570 14 131,820 0.94% 2.54% 1.19% 74,056 85.33 83.98 2.12 2.09 0.02 0.02 1.7800 1.75   -32.24%   -31.02% 30-Jun-2015 1.15 1.35 54.25 0.65 1.84% 0.02% 21-Aug-2015 1.01 1.18 47.64 0.57 2.10% 0.02%
31-Dec-2015 20-May-2015 31-Mar-2015 1 58,082 2,932 2,386 2,317 - 132,187 - % 4.11% 1.75% 74,262 78.21 77.18 3.12 3.08 0.00 0.00 1.7800 1.76   25.45%   -11.43% 31-Mar-2015 1.30 1.66 41.67 0.73 2.40% 0.00% 20-May-2015 1.25 1.60 40.06 0.70 2.50% 0.00%
31-Dec-2014 16-Feb-2015 31-Dec-2014 4 65,374 2,319 1,846 1,847 - 129,585 - % 2.82% 1.43% 74,048 88.29 86.87 2.49 2.45 0.00 0.00 1.7500 1.72   -36.40%   -0.54% 31-Dec-2014 1.00 1.13 40.09 0.57 2.49% 0.00% 16-Feb-2015 1.35 1.53 54.12 0.77 1.85% 0.00%
31-Dec-2014 18-Nov-2014 30-Sep-2014 3 67,832 3,911 2,934 2,904 - 128,161 - % 4.33% 2.27% 74,081 91.56 90.14 3.92 3.86 0.00 0.00 1.7300 1.70   27.59%   5.56% 30-Sep-2014 1.10 1.20 28.06 0.64 3.56% 0.00% 18-Nov-2014 1.05 1.15 26.79 0.61 3.73% 0.00%
31-Dec-2014 15-Aug-2014 30-Jun-2014 2 75,068 3,567 2,313 2,276 - 125,291 - % 3.08% 1.82% 74,136 101.26 99.76 3.07 3.02 0.00 0.00 1.6900 1.66   -13.00%   19.66% 30-Jun-2014 1.19 1.18 38.76 0.70 2.58% 0.00% 15-Aug-2014 1.23 1.21 40.07 0.73 2.50% 0.00%
31-Dec-2014 20-May-2014 31-Mar-2014 1 65,422 3,204 2,686 2,616 - 123,018 - % 4.11% 2.13% 74,107 88.28 86.94 3.53 3.48 0.00 0.00 1.6600 1.63   40.87%   71.88% 31-Mar-2014 1.13 1.28 32.01 0.68 3.12% 0.00% 20-May-2014 1.16 1.31 32.86 0.70 3.04% 0.00%
31-Dec-2013 27-Feb-2014 31-Dec-2013 4 67,808 3,453 1,901 1,857 - 74,275 - % 2.80% 2.50% 74,275 91.29 90.11 2.50 2.47 0.00 0.00 1.0000 0.99   -32.50%   1,098.06% 31-Dec-2013 0.80 0.88 32.00 0.80 3.13% 0.00% 27-Feb-2014 1.12 1.23 44.80 1.12 2.23% 0.00%
31-Dec-2013 18-Nov-2013 30-Sep-2013 3 60,442 3,092 2,772 2,751 - 118,641 - % 4.59% 2.32% 74,150 81.51 80.32 3.71 3.66 0.00 0.00 1.6000 1.58   44.64%   28.19% 30-Sep-2013 0.58 0.71 15.63 0.36 6.40% 0.00% 18-Nov-2013 0.665 0.82 17.92 0.42 5.58% 0.00%
31-Dec-2013 26-Aug-2013 30-Jun-2013 2 63,390 2,197 1,938 1,902 - 116,646 - % 3.06% 1.63% 74,296 85.32 84.24 2.56 2.53 0.00 0.00 1.5700 1.55   24.97%   -26.48% 28-Jun-2013 0.60 0.70 23.44 0.38 4.27% 0.00% 26-Aug-2013 0.61 0.71 23.83 0.39 4.20% 0.00%
31-Dec-2013 17-May-2013 31-Mar-2013 1 53,985 1,796 1,562 1,522 - 114,335 - % 2.89% 1.33% 74,243 72.71 71.74 2.05 2.02 0.00 0.00 1.5400 1.52   881.94%   -30.69% 29-Mar-2013 0.565 0.78 27.56 0.37 3.63% 0.00% 17-May-2013 0.62 0.85 30.24 0.40 3.31% 0.00%
31-Dec-2012 26-Feb-2013 31-Dec-2012 4 58,971 878 189 155 - 112,190 - % 0.32% 0.14% 73,809 79.90 78.37 0.21 0.21 0.00 0.00 1.5200 1.49   -92.78%   -78.68% 31-Dec-2012 0.63 0.79 300.00 0.41 0.33% 0.00% 26-Feb-2013 0.54 0.68 257.14 0.36 0.39% 0.00%
31-Dec-2012 25-Oct-2012 30-Sep-2012 3 57,328 2,287 2,169 2,146 - 114,053 - % 3.78% 1.88% 75,034 76.40 76.18 2.86 2.85 0.00 0.00 1.5200 1.52   -17.05%   37.56% 28-Sep-2012 0.47 0.62 16.43 0.31 6.09% 0.00% 25-Oct-2012 0.74 0.97 25.87 0.49 3.86% 0.00%
31-Dec-2012 14-Aug-2012 30-Jun-2012 2 57,581 2,807 2,632 2,587 - 112,053 - % 4.57% 2.31% 75,203 76.57 76.52 3.44 3.44 0.00 0.00 1.4900 1.49   17.81%   29.67% 29-Jun-2012 0.44 0.57 12.79 0.30 7.82% 0.00% 14-Aug-2012 0.45 0.59 13.08 0.30 7.64% 0.00%
31-Dec-2012 25-May-2012 31-Mar-2012 1 55,455 2,634 2,254 2,196 - 109,799 - % 4.06% 2.00% 75,205 73.74 73.69 2.92 2.92 0.00 0.00 1.4600 1.46   202.06%   44.57% 30-Mar-2012 0.44 0.60 15.07 0.30 6.64% 0.00% 25-May-2012 0.46 0.62 15.75 0.32 6.35% 0.00%
31-Dec-2011 24-Feb-2012 31-Dec-2011 4 55,204 1,172 716 727 - 108,077 - % 1.30% 0.67% 75,578 73.04 73.36 0.97 0.97 0.00 0.00 1.4300 1.44   -53.40%   320.30% 30-Dec-2011 0.48 0.66 49.90 0.34 2.00% 0.00% 24-Feb-2012 0.47 0.64 48.86 0.33 2.05% 0.00%
31-Dec-2011 18-Nov-2011 30-Sep-2011 3 56,337 1,663 1,563 1,560 - 107,014 - % 2.77% 1.46% 75,362 74.75 74.87 2.07 2.07 0.00 0.00 1.4200 1.42   -21.80%   -41.75% 30-Sep-2011 0.485 0.65 23.43 0.34 4.27% 0.00% 18-Nov-2011 0.47 0.63 22.71 0.33 4.40% 0.00%
31-Dec-2011 09-Aug-2011 30-Jun-2011 2 56,725 2,125 2,025 1,995 - 105,396 - % 3.57% 1.89% 75,283 75.35 75.38 2.65 2.65 0.00 0.00 1.4000 1.40   31.34%   6.57% 30-Jun-2011 0.55 0.73 20.75 0.39 4.82% 0.00% 09-Aug-2011 0.51 0.68 19.25 0.36 5.20% 0.00%
31-Dec-2011 27-May-2011 31-Mar-2011 1 57,402 2,057 1,557 1,519 - 103,021 - % 2.71% 1.47% 75,198 76.33 76.28 2.02 2.02 0.00 0.00 1.3700 1.37   560.30%   316.16% 31-Mar-2011 0.40 0.52 19.80 0.29 5.05% 0.00% 27-May-2011 0.57 0.75 28.22 0.42 3.54% 0.00%
31-Dec-2010 25-Feb-2011 31-Dec-2010 4 56,310 939 -389 -330 - 101,250 - % -0.69% -0.33% 75,000 75.08 74.83 -0.44 -0.44 0.00 0.00 1.3500 1.35   -112.32%   1.20% 30-Dec-2010 0.41 0.55 -93.18 0.30 -1.07% 0.00% 25-Feb-2011 0.39 0.52 -88.64 0.29 -1.13% 0.00%
31-Dec-2010 24-Nov-2010 30-Sep-2010 3 59,139 3,049 2,742 2,678 - 102,305 - % 4.64% 2.62% 75,224 78.62 78.59 3.56 3.56 0.00 0.00 1.3600 1.36   43.06%   72.11% 30-Sep-2010 0.37 0.47 10.39 0.27 9.62% 0.00% 24-Nov-2010 0.37 0.47 10.39 0.27 9.62% 0.00%
31-Dec-2010 30-Aug-2010 30-Jun-2010 2 54,525 2,471 1,911 1,872 - 99,990 - % 3.50% 1.87% 75,180 72.53 72.46 2.49 2.49 0.00 0.00 1.3300 1.33   412.88%   3.43% 30-Jun-2010 0.28 0.39 11.24 0.21 8.89% 0.00% 30-Aug-2010 0.35 0.48 14.06 0.26 7.11% 0.00%
31-Dec-2010 26-May-2010 31-Mar-2010 1 46,681 392 392 365 - 96,836 - % 0.84% 0.38% 74,489 62.67 62.03 0.49 0.49 0.00 0.00 1.3000 1.29   209.28%   -76.80% 31-Mar-2010 0.39 0.62 79.59 0.30 1.26% 0.00% 26-May-2010 0.35 0.56 71.43 0.27 1.40% 0.00%
31-Dec-2009 24-Feb-2010 31-Dec-2009 4 46,659 20 -253 -334 - 98,419 - % -0.54% -0.34% 73,999 63.05 62.00 -0.44 -0.44 0.00 0.00 1.3300 1.31   -121.47%   85.44% 31-Dec-2009 0.36 0.57 -79.76 0.27 -1.25% 0.00% 24-Feb-2010 0.37 0.59 -81.98 0.28 -1.22% 0.00%
31-Dec-2009 18-Nov-2009 30-Sep-2009 3 41,343 2,222 1,578 1,556 - 100,726 - % 3.82% 1.54% 75,169 55.00 54.94 2.07 2.07 0.00 0.00 1.3400 1.34   -14.03%   10.98% 30-Sep-2009 0.41 0.75 19.81 0.31 5.05% 0.00% 18-Nov-2009 0.35 0.64 16.91 0.26 5.91% 0.00%
31-Dec-2009 27-Aug-2009 30-Jun-2009 2 37,120 2,057 1,871 1,810 - 99,136 - % 5.04% 1.83% 75,103 49.42 49.33 2.41 2.41 0.00 0.00 1.3200 1.32   15.07%   43.88% 30-Jun-2009 0.34 0.69 14.11 0.26 7.09% 0.00% 27-Aug-2009 0.41 0.83 17.01 0.31 5.88% 0.00%
31-Dec-2009 05-May-2009 31-Mar-2009 1 31,339 1,859 1,610 1,573 - 97,089 - % 5.14% 1.62% 75,263 41.64 41.65 2.09 2.09 0.00 0.00 1.2900 1.29   168.57%   -29.08% 31-Mar-2009 0.23 0.55 11.00 0.18 9.09% 0.00% 05-May-2009 0.22 0.53 10.53 0.17 9.50% 0.00%
31-Dec-2008 26-Feb-2009 31-Dec-2008 4 34,911 -1,796 -2,384 -2,294 - 95,505 - % -6.83% -2.40% 75,201 46.42 46.39 -3.05 -3.05 0.00 0.00 1.2700 1.27   -263.62%   -513.37% 31-Dec-2008 0.25 0.54 -8.20 0.20 -12.20% 0.00% 26-Feb-2009 0.19 0.41 -6.23 0.15 -16.06% 0.00%
31-Dec-2008 18-Nov-2008 30-Sep-2008 3 52,862 1,456 1,456 1,402 - 97,989 - % 2.75% 1.43% 75,376 70.13 70.25 1.86 1.86 0.00 0.00 1.3000 1.30   11.45%   49.95% 30-Sep-2008 0.30 0.43 16.13 0.23 6.20% 0.00% 18-Nov-2008 0.29 0.41 15.59 0.22 6.41% 0.00%
31-Dec-2008 28-Aug-2008 30-Jun-2008 2 56,039 1,364 1,364 1,258 753 97,174 59.88% 2.43% 1.29% 75,329 74.39 74.47 1.67 1.67 1.00 1.00 1.2900 1.29   -43.28%   23.70% 30-Jun-2008 0.29 0.39 17.37 0.22 5.76% 3.45% 28-Aug-2008 0.39 0.52 23.35 0.30 4.28% 2.56%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  thienthien likes this.
 
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.

http://klse.i3investor.com/blogs/stock_pick_2018/155440.jsp

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
UnicornP Very illiquid.
26/05/2018 17:06
LimKT bought drop again.
28/05/2018 10:59
LimKT banyak susah la woi
28/05/2018 11:00
ilovehits Latest EPS 3.45sen. Previous 6.78sen.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5065
28/05/2018 17:24
Flintstones Die. Sell. Run.
28/05/2018 17:38
tallman 1st Q is seasonally weak.
28/05/2018 18:20
GG_Liang A bit disappointing. But its not bad
28/05/2018 18:29
Flintstones Never trust i3 analyst prediction. Do your own homework. Or else apply 70% discount on any estimated eps done by i3 analysts
28/05/2018 18:40
Jon Choivo Probability,

Like i told you. IYI

Waiting for you to say give up hope, look for stock with better short term prospect.
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Posted by probability > May 22, 2018 11:35 PM | Report Abuse

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.
28/05/2018 18:45
ilovehits gg...
28/05/2018 20:47
weng So do you have any better recommendations?
29/05/2018 12:08
trulyinvest Luckily I sold for contra gain. Scam counter
29/05/2018 13:58
gogogogo Gogogo phew
30/05/2018 09:16
ITreeinvestor Poor papeplane
30/05/2018 09:24
paperplane hehe....poor me
30/05/2018 10:13
Lukesharewalker fair value 1.00...limit down follow muda
30/05/2018 10:57
10211429460163829 orna worth more than 1.00, expecting to fluctuate at 1.2~1.3. orna and muda different business models but interestingly orna movement always in parallel to muda..
30/05/2018 11:08
30/05/2018 11:42
greedy_bilis Aduhhhh.... Die
30/05/2018 13:29
ilovehits Kasihannya...
30/05/2018 16:48
GG_Liang Its a good buy today. Growing company with bright future
30/05/2018 17:04
Energiser Muda and Orna still got dividends declared not yet ex date...still making profits but being sold down like loss making businesses.
04/06/2018 18:12
godhand buy some
05/06/2018 10:08
GG_Liang 呵呵
14/06/2018 12:35