Posted by VenFx > 2019-01-01 09:59 | Report Abuse

Up_down bro, notice your pick Bplas in your pick.
Hope to hear your view more for Bplas as it is at its exponentially growth recently.

What puzzle me is market didnt value it the same way.

Nice pick for this silent counter.

Posted by paperplane > 2019-01-01 10:11 | Report Abuse

This one must keep. Hehe

Posted by paperplane > 2019-01-01 10:38 | Report Abuse

Musf watch

Posted by Up_down > 2019-01-01 11:30 | Report Abuse

VenFx bro, Plastic industry had been facing gross margin squeezing due to escalating resin price moving in tandem with crude oils over the past 12 months. I am expecting crude oil prices to stay low in year 2019 as demand slowing down while China is facing economy headwind.

Besides the potential of returning higher gross margin, BPPlas has almost completed construction of new plant judging from the P & M acquisition in 3rd QR. The extra capacity would offer top and bottom line growth, although, not substantial.

AR 2017
"The construction of new factory and warehouse building (BP11) is progressing as planned and expected to be completed by first half of FY2018. The new building with a build-up area of 61,420 square feet will allow us to expand storage and improve production processes in order to fulfill more customer demand in near future.
The Group has allocated approximately RM16 million CAPEX on plant and machinery this year to support the business growth. The planned investment in FY2018 will help the Group to garner more market share, particularly on more export sales."

Posted by VenFx > 2019-01-01 11:42 | Report Abuse

Thanks up_down bro,

Bplas has been in my wacth under the potentially resin softening play.

Posted by Up_down > 2019-01-03 14:33 | Report Abuse

Foreign Funds participation in Bursa is basically a strong forcs to lift up our 2nd and 3rd Iiner. With their withdrawa in the market, the market may encounter liquidity problem. Many share margin players would fall into money crusher as a result of tumbling in share prices. This vicious cycle continue as bad news clouding the market and many counters drop to tempting valuation that hard to be resisted. It's still a good strategy to keep certain level of cash to fight until FF started showing their confidence through positive participation.

Posted by Up_down > 2019-01-03 14:35 | Report Abuse

Foreign Funds status in Bursa Inflow /(Outflow):

Year 2018 - ( RM 11.68 billion )
Year 2017 - RM 10.33 billion
Year 2016 - ( RM 3.03 billion )
Year 2015 - ( RM 19.5 billion )
Year 2014 - ( RM 6.88 billion )
Year 2013 - RM 2.4 billion
Year 2012 - RM 13.7 billion
Year 2011 - RM 1.8 billion
Year 2010 - RM 15.9 billion

Posted by Wong Chie Kiong > 2019-01-04 15:43 | Report Abuse

any reason why pick up on sam?