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2021-03-23 10:17 | Report Abuse
NTPM back on strong footing, thanks to Vietnam operations
TheStar Tue, Mar 23, 2021 10:10am - 4 minutes ago
Analysts believe NTPM is poised for an earnings upcycle.
KUALA LUMPUR: The share price retracement in NTPM Holdings Bhd may have been overdone as analysts believe its current valuation does not reflect the company’s improved fundamentals.
The stock closed at 62.5 sen yesterday, 26.5% down from its 52-week peak of 85 sen in December, despite the impressive boost to its net profit for the nine months ended Jan 31,2021.
Its core net profit of RM45.5mil for the nine months was up roughly 20 times year-on-year (y-o-y). The counter has been on the downtrend since mid-December even as it posted steady earnings, buoyed by lower raw material prices.
Notably, the markets seem to be ignoring the fact that the company is in a better position today with a stronger balance sheet. NTPM’s net gearing has moderated to 0.7 times from 0.96 times in financial year 2020 (FY20).
Note that losses from its Vietnam operation – which has dragged the group down with its losses from FY18-FY20 – have also narrowed significantly.
Analysts believe NTPM is poised for an earnings upcycle. While there may be concerns about the sharp surge in raw material prices since late 2020, which could lead to margin pressure, the company has introduced a price increase, which will take effect from May onwards, to mitigate the impact.
Management noted that any further rise from current pulp prices will be seen as a spike, with industry players putting up resistance – as a further rise would lead to operation losses.
That said, RHB Research believes NTPM is in a strong position to withstand the headwinds, given its market leadership in Malaysia.
The company has also made the effort to rationalise its business to ensure that it is in a stronger position as consumer markets pick up.
It completed the disposal of its toilet rolls and tissue manufacturing subsidiary for RM27.5mil last November as the firm has continuously incurred losses with little prospects of a turnaround in the near future.
Given the company’s stronger footing, the retracement in NTPM’s share price may have been excessive.
RHB Research, for one, believes the current valuation has priced in the downside risks. The research house has a “buy” recommendation on NTPM with a revised target price of 92 sen.
“Its current valuation (below five-year mean) should propel investors to refocus on the company’s fundamental improvements. This includes the sustainable Vietnam operation turnaround, demand recovery from the hospitality segment and contributions from new capacity, ” said RHB in a report.
Downside risks to its recommendation include a sharp rise in input costs and a later-than-expected turnaround in the Vietnam operation.
The company’s sales for the nine-month period declined marginally by 2.7% y-o-y to RM561.1mil, mainly due to the drop in tissue paper sales (-6.1%) as the away-from-home or hospitality segment was severely affected by the Covid-19 pandemic.
2021-03-22 09:42 | Report Abuse
联峰次季转盈赚261万
(吉隆坡21日讯)联峰(UCREST,0005,创业板)2021财年次季按年转亏为盈,净赚261万3000令吉,或每股0.52仙。
联峰指出,市场对医疗科技自动化的需求提升,让其iMedic平台日益受到欢迎。
2021-03-19 16:58 | Report Abuse
Buy call
1st TP RM0.380
2nd TP RM0.420
3rd TP RM0.460
2021-03-19 12:23 | Report Abuse
The news should come out in the afternoon.
2021-03-19 12:15 | Report Abuse
The price in the afternoon will fly very high.
2021-03-18 09:33 | Report Abuse
上升股:G3环球 阻力RM1.77
Nanyang Thu, Mar 18, 2021 12:06am - 9 hours ago
G3环球(G3,7184,主板消费股)的日线交投走势,于3月17日闭市时收1.44令吉,按日涨33仙或29.73%,短期上升阻力或会处于1.45-1.77令吉水平。
17/3/21行情
闭市:1.44令吉
起落:+33仙
成交量:249,808宗
最高:1.44令吉
最低:1.22令吉
本益比:--
毛周息率:--
52周最高:3.54令吉
52周最低:77仙
2021-03-15 09:45 | Report Abuse
I think it will steadily rise above RM4.
2021-03-13 13:03 | Report Abuse
(Wait and see).In line with the country's march towards the digital economy era, the government launched MyDigital.
2021-03-10 11:07 | Report Abuse
It's rare to see a rise like this.
2021-03-10 10:53 | Report Abuse
If today is the limit up, tomorrow will be limited by Bursa Malaysia.
2021-03-08 15:38 | Report Abuse
Now buying is afraid of being trapped.
2021-03-08 14:36 | Report Abuse
Do not retain listing status?
2021-03-08 10:33 | Report Abuse
MILUX CORPORATION BERHAD ("MILUX" OR "THE COMPANY") - PROPOSED BONUS ISSUE OF 176,292,591 NEW ORDINARY SHARES IN MILUX CORPORATION BERHAD ("MILUX SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING MILUX SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
EGM @ 8/3/21
2021-03-08 10:30 | Report Abuse
MILUX CORPORATION BERHAD ("MILUX" OR "THE COMPANY") - PROPOSED BONUS ISSUE OF 176,292,591 NEW ORDINARY SHARES IN MILUX CORPORATION BERHAD ("MILUX SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING MILUX SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
EGM @ 8/3/21
2021-03-05 15:19 | Report Abuse
I think it can exceed 3 this month.
2021-03-04 15:22 | Report Abuse
The rumors of making 5G wafers should be true.
2021-03-04 10:41 | Report Abuse
I believe the stock price will rise like (DATAPRP) in a few days.
2021-03-02 16:50 | Report Abuse
Tomorrow will be different.
2021-03-02 16:37 | Report Abuse
(granflo) has just announced the QR and it will be limited up soon. If (picorp) is announced after the market closes, there is hope for tomorrow.
2021-03-02 15:01 | Report Abuse
Its latest QR seems to be very good.
2021-03-01 10:01 | Report Abuse
heard that EPF is buying.
2021-03-01 09:35 | Report Abuse
It can exceed 1.30 in the afternoon.
2021-03-01 09:32 | Report Abuse
It can exceed 0.40 in the afternoon.
2021-02-25 11:51 | Report Abuse
D&O rises to a record high after earnings beat expectations
TheEdge Thu, Feb 25, 2021 11:24am - 22 minutes ago
KUALA LUMPUR (Feb 25): D&O Green Technologies Bhd shares rose to a record high after the group delivered all-time high earnings.
D&O, which is among the top 10 gainers, rose as much as 46 sen or 13.81% to a high of RM3.79 today.
At 11.04am, the counter pared some gains at RM3.75, still up 42 sen or 12.61%.
The group announced yesterday that its net profit surged 119% to RM30.32 million for the fourth quarter ended Dec 31, 2020, from RM13.85 million in the previous year’s corresponding quarter, benefiting from increased demand and recovery in the automotive industry.
Its revenue for the quarter also grew 39% to RM209.57 million from RM150.47 million a year earlier.
For the full year, its net profit rose 42% to RM49.65 million from RM34.87 million in the preceding year, while revenue climbed 14% to RM575.78 million from RM504.31 million.
Analysts have raised D&O earnings forecasts after its earnings beat their expectations.
Public Invest Research’s analyst Chong Hoe Leong said in a note today D&O’s FY20 core earnings surpassed his and consensus expectations, coming in at 134% of house and 125% of street expectations, respectively.
He said the sterling results were mainly driven by strong post-pandemic global auto sales recovery coupled with higher adoption of automotive LED for exterior lighting and infotainment.
“In view of its increasing global market share especially in the exterior LED segment and its leading technology position in the smart RGB LED, we bump up our FY21-23 earnings forecasts by 50%-100%,” he said.
Chong, who maintained an "outperform" call on the stock, also raised D&O's target price to RM5.09 (from RM1.88), after rolling forward its valuation base year to FY22, based on a higher price to earnings ratio of 45 times (from 40 times).
Kenanga Research’s analyst Samuel Tan also said in a note today the group’s numbers exceeded his/consensus full-year estimates by 20%/34%.
“We expect product demand to remain elevated in FY21, fuelled by the continuation of strong car sales and increased adoption of interior and exterior LEDs,” he said.
He raised D&O FY21 profit after tax and minority interests (PATAMI) by 23% to RM100.5 million and introduced FY22 PATAMI of RM121.9 million. The forecast represented growth of 102% and 21%, respectively.
Tan, who maintained "outperform" on the stock, raised D&O target price to RM4.20 from RM3.40, based on 48 times FY21 price earnings ratio to reflect improving prospects ahead.
“Being a renowned brand name in full range automotive LED, we believe D&O is a prime proxy to the potential boom in the automotive market,” he added.
2021-02-25 10:32 | Report Abuse
It will exceed 0.30 before 12.30pm.
2021-02-24 11:07 | Report Abuse
I think it will limit up before 12.30pm.
2021-02-22 16:46 | Report Abuse
(Next QR Date 28-Feb-2021) will exceed 0.50 before.
2021-02-16 17:00 | Report Abuse
Perstim (5436) is also doing the same business. Why won't it rise?
2021-02-16 12:27 | Report Abuse
(SAPRES (4596) (SAPIND (7811) (RALCO (7498)) these counters may limit up before the market closes.
2021-02-16 12:22 | Report Abuse
(SAPRES (4596) (SAPIND (7811) (RALCO (7498)) these counters may limit up before the market closes.
2021-02-16 12:15 | Report Abuse
(SAPRES (4596) (SAPIND (7811) (RALCO (7498)) these counters may limit up before the market closes.
2021-02-16 12:02 | Report Abuse
Short term 2.8! Long term 4.7
2021-02-16 11:57 | Report Abuse
Widetech hit with UMA query after 29.6% rise in share price
KUALA LUMPUR (Feb 16): Widetech (Malaysia) Bhd has been hit with an unusual market activity (UMA) query by Bursa Malaysia this morning after its stock rose 29.6% or 37 sen to RM1.62. In a bourse filing, the company, which is a precision spring ...
TheEdge16 Feb, 2021 11:32am - 24 minutes ago
2021-02-16 08:36 | Report Abuse
One day's daily limit, the exchange will not issue a "frozen increase order" and today can limit up.
2021-02-15 16:38 | Report Abuse
Tomorrow will continue to limit up.
2021-02-15 11:44 | Report Abuse
The stock prices of companies with the same boss as pmetal will go up very high.
2021-02-05 17:00 | Report Abuse
If there is no good news, it will not rise so high.
2021-02-04 14:27 | Report Abuse
StarDust (The Prime Minister made a major announcement at 3:30 this afternoon) Some people withdrew temporarily for fear of bad news.
2021-02-04 12:35 | Report Abuse
It will rebound upwards before the market closes.
Stock: [DATAPRP]: DATAPREP HOLDINGS BHD
2021-03-23 11:17 | Report Abuse
It may drop again in the afternoon.