back to ornapaper, i think it still looks cheap. its the most efficient and profitable downstream paper converter on bursa malaysia. big surprise from dividends which has doubled to 5sen per year. cannot be worth less than RM2. matter of time.
ORNA's PE 7.13x vs its competitors, MASTER at 8.45x and PPHB at 8.08x. A bit lag behind. There has no high TP for ORNA but fair value should around RM1.66-RM1.75 (8x-8.45x).
the boom of e-commerce will continue to spur Orna's growth. The only concern here is how well can the management tackle the rising prices of raw materials. Other than that, this counter is a safe bet in the next few years too.
Let's say Orna records 7sen in first quarter 2018. Based on merely 8 pe, it worth $1.95. TP $2.19 and TP $2.43 if based on 9 pe and 10 pe respectively.
One more thing, Orna has very limited downside. I guess around $1.40. Forget about steel counters, it's on downtrend now. We should only buy uptrend stocks.
Then the operators you have mentioned really pariah. How could they fry Orna from RM1.30 to RM1.50 and earn 20sen only? They should fry till RM2 then take this handsome profit.
Aiyooo pang72... I have done my part...so far whenever i have done analysis on selected stocks i would convey to him via WhatsApp...Dragon is my special friend and he has my hp no...
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3131 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
apolloang
18,163 posts
Posted by apolloang > 2018-03-01 11:03 | Report Abuse
pastor calvin,butaland profitable but stock down pula