KLSE: NTPM (5066)       NTPM HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.49   +0.005 (1.03%)  0.485 - 0.49  230,500
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Market Cap: 616 Million
NOSH: 1,258 Million
Avg Volume (4 weeks):1,043,270
4 Weeks Range:0.415 - 0.495
4 Weeks Price Volatility (%):
52 Weeks Range:0.385 - 0.55
52 Weeks Price Volatility (%):
Average Price Target: 0.61
Price Target Upside/Downside: +0.12
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Jul-2019 [#1]  |  27-Sep-2019
Next QR | Est. Ann. Date: 31-Oct-2019  |  07-Dec-2019
T4Q P/E | EY: 213.65  |  0.47%
T4Q DY | Payout %: 4.90%  |  934.59%
T4Q NAPS | P/NAPS: 0.3999  |  1.23
T4Q NP Margin | ROE: 0.39%  |  0.64%


Date Subject
09-Oct-2019 Trading Stocks - NTPM
27-Jun-2019 PublicInvest Research Headlines - 27 Jun 2019
27-Jun-2019 Mplus Market Pulse - 27 Jun 2019
04-Jun-2019 启顺造纸业谨慎乐观
12-Apr-2019 Vietnam Study Trip - Hustling and Bustling
11-Apr-2019 NTPM Holdings Berhad (KLSE) #FundamentalDaily - YAPSS
03-Apr-2019 启顺造纸 3年财测下修
14-Jan-2019 PublicInvest Research Headlines - 14 Jan 2019

Business Background

NTPM Holdings Bhd is a consumer goods and paper company. The company, through its subsidiaries, operates in two segments, Consumer Tissue segment and Personal Care segment. The consumer tissue segment consists of facial tissue, toilet paper, kitchen towel rolls, and napkins. These products are sold under brands such as Premier, Royal Gold, Cutie, Soft Baby Wipes and Sanitizing Wipes. The personal care segment consists of feminine hygienic products, cotton products, baby diapers and incontinent products. These products are sold under brands such as Intimate, Diapex, Premier Cotton. The company generates most of its revenue from Tissue segment.
Analyze this stock with MQ Trader system

  14 people like this.
17/05/2018 12:09 PM
ppginvest potential black horse
18/05/2018 8:02 PM
Booyeah Few good counters that are consider good fundamental and growth/dividend watchlist. Can collect if there is a correction
1. Ecs - dividend yield still stands at 5% at current price. With iot and strenthening of ringgit(to monitor) will benefit them. Recently venture into thunderbolt gaming notebook to capture egames market. Possible 15-20% upside if conservative pe of 10 is captured.
2. Bonia (hot)- consumer stock may make a come back after the abolishment of gst as well as if ringgit were to strengthen or hover around 3.8-4.0. at current price of 40 cents , there are limited downside. Trading at 30% below it's nta as well.
3. Ntpm (hot) - at current price their dividend seats at 3%. What's interesting is the recent increase in their sales to all time high of 181 million per quarter. They are having high margin due to huge capex expansion into vietnam production. the management mentioned in the 2017 annual report that the current utilisation capacity is at 80%. With 80% they manage to hit historical high revenue. Additional two tissue machine paper has been added into production in Vietnam which is expected to commence operation in april 2018. Current ratio of above 1 as well.. no short term debt obligations. Seems positive moving forward. Potential upside of 20/30% of pe 10 is used with margin of 4/5%. Downside risk is increase in pulp price.
4. Yocb (neutral) - safe bet but limited growth. Providing a 4% dividend at current price. Pe of 7 and recent increase in sales due to consignment sales. Net cash company with nta of 1.26. nothing to loss. Safe bet company.
5. Zhulian (neutral) - net cash and safe bet company with dividend of 4.1% at current price. Strongly net cash company with cash of 140 million compare to total debt of 39 million. Net cash per share is 21 cents. No harm keeping one of this in our portfolio to withstand any downturn. With the abolishment of gst, it may benefit this stock as well to increase the consumer demand. Upside possibly less (10%) due to volatile sales and earnings. Strenthening of ringgit may hurt their margin due to 70% of sales from export. What is great about this company is good management. Increasing dividend payout when making money, holding high cash pile, positive operating cash flow despite expansion, good inventory level as well as maintaining above 20% profit margin.
6. Bat (neutral) - still paying 6/7% dividend at current price. Downside risk is more smokers buying illegal cigarate. The management did mention that they are unhappy with what the market is valuing their share price given their past performance. With the abolishment of gst, this may help to boost their sales and margin as well. Can catch it if it drops (19/20). Upside > downside risk. Only buy if upside is greater than downside. Don't buy all time high at current market.
7. Pwf (neutral) - trading way below nta of 1.76. net cash company. With strenthening of ringgit it will benefit them. Recent sales manage to maintain at 91 million per quarter. Scenario analysis performed if myr and USD maintain at 3.8/3.9, price of egg maintain and ra material such as corn, feed and wheat were to maintain, potential upside of 20/30% at current price of 86 cents. Downside is increase in their main raw material price.

There are still quite a number of good fundamental company to monitor when price deep. Go ahead and monitor and take this opportunity. Don't chase high but buy consolidation stock or stock that took a correction that hit historical low. To limit the downside risk.
19/05/2018 2:01 AM
freddiehero done nice job
31/05/2018 5:08 PM
rebecca go go go ntpm
01/06/2018 9:30 PM
Flintstones Game over. Sell.
25/06/2018 6:43 PM
Record low net profit
Fair price 0.28 @ forward P/E of 17x.
25/06/2018 7:09 PM
myway Net Profit drop 87%
25/06/2018 7:24 PM
johnganisme 87% price drop compare to Q42017 affected by pulp price raw material used.
With major 55% boost on production capacity to 170,000 tonnes per year from 110,000 tonnes. Stronger sales contribution from Indo-China market. no doubt it will bounce back to TP: 0.65 soon.
28/06/2018 8:26 AM
happyvalley Buy Buy Buy.... :-)
28/06/2018 9:30 AM
goodinsignt Strong growing sales from NTPM (Vietnam) pushes rapid expansion, urgent needs to increase production capacity. With possible future venture into Wood Pulp Plant tends to helps on reducing raw material price subsequently increase its profit margin.

29/06/2018 12:42 PM
Aisha Buy buy buy
29/06/2018 3:05 PM
ivan9511 BUy must buy
Ivan startsapu
comfirm limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
like my earn superman 100%
comfirm uppppppppppppppppppppppppppp
30/06/2018 2:45 PM
Underdog888 WE........
NOT HAPPY; CRY - use tissue,
HAPPY; TEARS COME OUT - use tissue,
WORK HARD; SWEAT - use tissue,
HUNGRY; EAT - use tissue,
SICK TERUK - use tissue,

BUY & HOLD this NTPM already!!!!

cause everyday sure KENA tissue! Hahaha
02/07/2018 6:29 PM
Aisha Hahahaha. Last time ntpm went up to 0.90
04/07/2018 11:30 AM
kiasu_trader very good chart now! way to 0.700 soon
19/07/2018 4:37 PM
kiasu_trader just bought 5000 lot at this hour
19/07/2018 4:42 PM
kiasu_trader very nice! lets move!
20/07/2018 9:23 AM
scalper Move!!!
25/07/2018 3:53 PM
John Angel good stock
29/08/2018 10:24 PM
Underdog888 Both expansion plan in vietnam and malaysia delay.

With ringgit strengthening recently causing raw material price increased again.

Things does not looks good for short term now.
05/09/2018 4:49 PM
moneyfacetrader sold all already stagnant for too long.
with few bad factor which affecting second half profit.
07/09/2018 11:52 AM
moneyfacetrader 0 volume until lunch hour.
07/09/2018 11:52 AM
commonsense Previously the company has always managed to deliver a profit of at least RM50mil to its shareholders (last achieved in FY17). In FY18 the group only managed to record a full year core profit of RM35.5mil.

This downward profit trend continues in FY19 with 1H19 profit of only RM10.2mil. Management blames the lower performance due to an increasing trend of operating cost in particular raw material, labour and energy cost which combined resulted in lower profit margin to the business. This is more pronounce in the Paper Product segment where revenue has actually increase but profit fell due to profit margin compression from the higher virgin pulp and waste paper cost. If the profit margin stays at the current level, NTPM is only expected to record a profit of around RM20-25 mil for FY19. At the current share price, a PAT of RM25mil would value the company at a PE valuation of 24x. Normally investors would want a profit growth of at least 15% per annum (profit to double in 5 years) for them to pay a high PE valuation.

The group balance sheet is not that bad with net gearing of 60%. In term of PB the company is currently trading at 1.2x PB.

If you are looking to diversify your portfolio outside of NTPM (due to earnings weakness in the near future) 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 6.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
09/01/2019 2:54 PM
golddiggerboy Start looking at this counter. Their new production line for both Penang and Vietnam plant are commissioning now.
27/03/2019 4:07 PM
Underdog888 Really? Just know they spend 100 millions on upgrading their facilities in Vietnam, Bentong and Nibong Tebal since last year.
28/03/2019 10:01 AM
golddiggerboy Yes, confirmed. They has been storing huge volume of pulp in their warehouse. Machine are commissioning and fine tune now, if they start production, This will be 40% increase of production line.
28/03/2019 3:08 PM
enigmatic [Breaker of Speculative Investing] @MATB,
really 'superb' management.
they can turn such a durable business into this state.
08/04/2019 10:31 PM
8888_ 28 Lee See Jin 2,902,900 0.26
10/04/2019 9:47 PM
8888_ Any1 here know Lee See Jin personally? Why he become Media Prima top 30 shareholders?
10/04/2019 9:48 PM
YAPSS Day 38 of Fundamental Daily, YAPSS will be covering NTPM Holdings Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #NTPMHoldingsBerhad

Click the on the link to find out more: https://youtu.be/Es1IYU_g99c
10/04/2019 10:34 PM
8888_ Very competitive business even toilet paper daily necessity. Tesco, Econsave, theStore, Giant also produced toilet, tissue paper.
10/04/2019 10:41 PM
weng The revenue growth have been quite impressive over the years. But when will the profit follow??
25/04/2019 10:08 AM
Tripaka No profit, qr losses only.
26/06/2019 7:45 PM
RainT Revenue continue to grow throughout the years

but profit margin is on steep decline in these years
27/06/2019 12:39 PM
Tomatoman79 suddenly last minute 1 million share change hand.
12/07/2019 5:06 PM
Tete7893 someone collect the share. hope next Friday AGM got good news
21/09/2019 3:56 PM
freddiehero wah.. some ppl interest liao..
21/09/2019 7:28 PM
Tete7893 everyday buyer more than seller
23/09/2019 7:23 PM
freddiehero start roller..
23/09/2019 7:28 PM
freddiehero not bad..
23/09/2019 7:29 PM
EatCoconutCanWin Good results. Up up upgrade from hold to buy . Progress of this company is they now doing 5G toilet paper, which fastest to whipped out stain rather than using water. Wow...
28/09/2019 9:00 AM
shpg22 Nowaday I use bidet to wash. Only use 1 ply of toilet paper to wipe dry. More environment friendly. SELL
28/09/2019 9:18 AM
popit_sokmo up up up
08/10/2019 12:04 PM
popit_sokmo v shape reversal pattern
08/10/2019 12:07 PM
popit_sokmo downtrend channel broken
08/10/2019 12:10 PM
popit_sokmo buy now.. still can enter.. my average 0.45 only.. 1st TP 0.50.. 2nd TP 0.60..
08/10/2019 12:12 PM
Klse_faizan Xyah promot bro... aku hold dr 42sen. Pandai la dia jln sndiri
08/10/2019 12:35 PM
popit_sokmo sharing is caring.. lets make profit together maa =)
08/10/2019 12:41 PM
Tete7893 i attend the ntpm agm. the management said very confident.
08/10/2019 5:16 PM


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