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KLSE: TOMYPAK       TOMYPAK HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.635 0.56     -0.075 (11.81%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
11/02/2019 0.64 0.70 +0.06 (9.38%) HOLD MAYBANK Price Target News
26/11/2018 0.67 0.41 -0.26 (38.81%) SELL MAYBANK Price Target News
03/09/2018 0.68 0.41 -0.27 (39.71%) SELL MAYBANK Price Target News


Price Target Research Article/News (past 6 months)
11/02/2019  MAYBANK Tomypak - Better Prospects in FY19
26/11/2018  MAYBANK Tomypak - Valuation Remains Lofty
03/09/2018  MAYBANK Tomypak Holdings - 2Q18 Results Disappoint



  4 people like this.
 
R40s shpg22,
Really? 20sen only? can you sell to me or not, I offer to buy from you at 50sen... :D
01/06/2018 13:17
shpg22 I told ppl KAREX fair price is 0.50 when its traded at 1.6x end of last year. They also responded the same way as you did. Now they can buy at that price. All u need to do is just be patient.
01/06/2018 13:36
OldOldhorse Can give him 0.52 sen ... he need another 2sen advice (please DBT to me ) ... we won’t justify valuation based on 1 quarter result. It was a transition period , actual performance should reflect 2nd Half 2018.
01/06/2018 14:02
OldOldhorse Earlier article: https://asia.nikkei.com/Business/Markets/Nikkei-Markets/Malaysia-s-Tomypak-Aims-For-At-Least-20-Rise-In-Revenue-This-Year-Executive-Director

Management to decide invest into flexo:

http://www.labelsandlabeling.com/news/installations/tomypak-flexible-packaging-adds-flexo-kba-flexotecnica-evo-xd
02/06/2018 20:39
OldOldhorse https://www.koenig-bauer.com/fileadmin/user_upload/02_Flexo/Produkte/Dokumente/EVO_XD/EVOXD_en-sp-fr_web.pdf
02/06/2018 22:52
03/06/2018 22:59
bibibi Anyone has attended the agm? Did they report on the progress of their expansion?
04/06/2018 22:40
04/06/2018 23:52
R40s https://klse.i3investor.com/m/blog/kltrader/159122.jsp
05/06/2018 12:06
R40s Waiting for rebound after oversold...

Also, Maybank Research posted above, it says 2H'18 should see improvements on revenues...
08/06/2018 16:57
OldOldhorse Chairman has been accumulating from the market after the AGM. There have to be something positive for a 90yrs old man still investing , he definitely has confidence and believe in the growth of the Company and industry. We should be aware how wise and smart elder people now days , like our PM and the rest of elderly . At their age, ain’t amount money anymore. Is more like doing something right , for a better future.
I believe the chairman forsee great future in this company. As an investor , better to follow the wise than being left out , looking silly. Cheers !
08/06/2018 22:17
OldOldhorse https://plasticsinpackaging.com/online/japans-quiet-south-east-asian-expansion/
10/06/2018 22:31
shpg22 MAINTAIN STRONG SELL at fair price of 0.20 !!!
11/06/2018 11:10
DickyMe Technically BEARISH. I would buy at 0.50sen.
14/06/2018 11:53
R40s While the bears are talking pessimistically, the bulls are quietly and slowly collecting...
14/06/2018 13:41
*T_T* There should be more than 60 million shares traded since 28 February 2018. Who are buying? I thought there'll be only more actions after Raya, haha :P
14/06/2018 14:21
DickyMe "the bulls are quietly and slowly collecting... " means they are lining up to be slaughtered for Hari Raya Haji.
28/06/2018 10:50
shpg22 EXTREMELY overpriced stock. You can get better value from SCIENTEX, TGUAN, BPPLAS.
28/06/2018 10:54
29/06/2018 00:00
mlim 26 june, amendment of quarter announcement ………. within 4 months period : 2 quarterly announcement made, two amendments done , annual report also need amendments...…. poor management or finance team ???
be careful this stock..... don't know the figure right or not ??
05/07/2018 15:40
hero666 @R40s, didn't expect still see you here after so long downtrend, still holding tomypak?
13/07/2018 10:14
Eric Fong I think Tomypak is at its full value currently for this price.....
17/07/2018 01:30
R40s hero666, yes I am still holding Tommy... I know it's painful with the downtrend, but I hold for long-term...
17/07/2018 17:58
Eric Fong Fair price @ 0.28
18/07/2018 21:32
tales029 will move in short time
19/07/2018 02:53
R40s tales029,
What's your target timeline? And any target price for the next move...?
19/07/2018 22:02
19/07/2018 23:57
tales029 wait for the test resistance, 0.835
20/07/2018 02:51
hero666 R40s, as long crude oil stay above $60, resin will continue impact packaging counter. Better go other counter, plenty better choices.
25/07/2018 19:33
firstsight everyday drop, klci drop 100 pts it drop, klci rise 100 pts it still drop, it's in downtrend for the pass 1 year after bonus issue, new factory production also not much improve now, capex expenditure will still be high, foreign business below 50% now, crude oil is very high n gonna higher, margin won't be good, don't think this qr get improve, don't surprise for another loss qr.
up there many good counter still, look at rubber, construction now, how % already while this whole year plus tomypak keep dropping....
28/07/2018 19:21
uncle Can reach kenanga TP 45 sen
Dividend look yummy 0.1 sen also can consider
15/08/2018 12:52
shpg22 The current price is excessive. Only idiots will go for it. If you buy high, prepare to get whacked.
27/08/2018 11:58
mlim very bad performance as what I said on 26 June !
03/09/2018 15:05
Bursa Christopher lousy stock... 被淘汰了
03/09/2018 22:41
mlim Daibochi is not bad, based on 2nd quarter result. Instead, the 6 months revenue already more than Tomypak's whole year revenue...… Previously since 2006, D is 20% to 30% bigger than T. Now, D is 100% bigger than T.

Long time never see any response from W16Y who always give good comment on T...… Whether you have any good idea to recommend to us ?
04/09/2018 08:52
Eric Fong Company share buy back means
1) Company realize their share price traded at below their value?
2) EPS will increase in future?
09/10/2018 18:53
shpg22 It seems like the management is more interested in manipulating the stock price than concentrating on managing the company and expanding the business with the available fund. The current price is too expensive to have a buyback, should have use the fund to improve the business; not keep reporting losses.
12/10/2018 18:43
shpg22 Daibochi is also another plastic company is overpriced. P/B > 3.0x compare to other peers trading at 1.X but mediocre result. Fair price around 0.85 only, but traded at above 2.00.
17/10/2018 23:43
Eric Fong Director is selling their shares to make profit.
Does that means they not concentrate on their own business to make more profit for shareholder?
23/10/2018 22:13
Eric Fong Need reconsider based on Management / Director method of making profit not for shareholders but for their own reason... hmm....
26/10/2018 02:37
RiverOfSilver weak volume
26/10/2018 02:39
shpg22 FY18 Net profit & revenue has dropped back to the level last seen in 2007. In other word this company does not even grow after 10 years. In 2007 its adjusted average price is only 0.180. Current price of 0.685 is excessive.
24/11/2018 12:25
beso habis, koyak,may limit down
25/11/2018 13:44
shpg22 I will not pay more than 0.20 for this highly manipulated company.
09/12/2018 12:02
Jc12345 This company is going down the drain due to bad management.
Inexperienced leader in this field plus underhanded practices will bring this coming down further
11/12/2018 22:41
abang_misai no wonder today up 1 sen only

Posted by Jc12345 > Dec 11, 2018 10:41 PM | Report Abuse

This company is going down the drain due to bad management.
Inexperienced leader in this field plus underhanded practices will bring this coming down further
11/12/2018 22:42
OldOldhorse https://www.thesundaily.my/archive/tomypak-posts-q4-net-loss-higher-costs-lower-sales-and-provisions-YUARCH528795

Was Posted Feb 2018 :

The group said in its filing the new Senai plant commissioned in the second quarter of 2017, is having two new major production lines installed, which is expected to start commercial production towards the third quarter of financial year 2018.

Two additional new major equipment are scheduled for delivery towards the end of third quarter of financial year 2018 and these should be ready for commercial production by the first quarter of financial year 2019.

If only investor read and understand “commercial production” .... installation & test run will cost & take up a lot time . Moreover , Depreciation on entire new factory during installation period and only having 2 line running instead of Running full line, it will eventually take a beating on the net profit . However I believe the EBITDA should still be positive.
14/12/2018 00:53
commonsense The company’s financial outlook does not look great at the moment. Profit has substantially gone down after the peak profit reached in FY15 where the company managed to deliver a profit of RM23.1mil. In FY16 profit fell to RM18.4 mil then to only RM9.6mil in FY17. 9m18 profit is only at RM2.3mil with full year profit target at a low of RM5mil only. The under performance in FY18 is attributed to subdued sales (due to lower orders from international clients), increase in operational cost (in particular ink and solvent), higher finance and depreciation cost (which relates to the new equipment recently installed). The reduction of order from clients is a big worry given that the company now has a production capacity of 40,000mt per year vs in FY16 of only 19,000mt. The company would potentially face even lower profit or a loss if it fails to run the production plant at a certain production rate given that the fixed cost now should potentially double vs FY16 (finance, depreciation, overhead, electric costs etc).

At the current share price, the company is valued at a high of 55x PE. At this valuation, all the positive catalysts (or any jump in profit) would have already been priced in.

If you are looking to diversify your portfolio outside of Tomypak (due to its earnings uncertainties and the lofty valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
24/01/2019 14:56
Mohd Hanafi Ngah ×++++++++++
12/02/2019 11:56
W16Y https://factsetpdf.maybank-ke.com/PDF/127095_CN__14caf07b3a6c4f30b3f35a5435d7d37c.pdf?

A positive development for TOMY’s plant operation

Having updated with management recently, we are pleased with the progress development of its capacity expansion (Fig. 1) and phase 1 of its rationalisation plan i.e. on-going realignment of production process at both its Senai and Tampoi plants. Over the last two years, TOMY has spent approximately MYR111.0m on new printing lines and equipment, which has expanded its production capacity (by 21,000 mtpa; +105%) and allowed operations to operate efficiently in the long term.
TOMY has installed a flexographic printing line in 4Q18 to broaden its customer base, as it will cater to plastic packaging customers whose products have short life cycles (for example Gardenia bread). This will add a new revenue stream to the Company per se.
Fig 1: Snapshot of TOMY’s plants capacity
Source: Company data
We understand the significance of transferring some old machines to the Senai plant is to combine them with the new advanced machines at the Senai plant to ensure ample capacity for MNC customers that need a guarantee of sufficient capacity. We believe this will also maximise its production efficiency to produce the orders at one plant and cost savings, in terms of logistic.
Management expects to move and reinstall two more rotogravure printing and extrusion lamination machines from its Tampoi plant to its Senai plant in 1H19 (Fig. 2). We estimate the cost for moving those machines (transportation mainly) to be insignificant - less than MYR2.0m.
Management also clarified that the second phase of its rationalization plan, which recently commenced in 1Q19, is focused on upgrading and transforming system production processes.
13/02/2019 20:36

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