BP PLASTICS HOLDING BHD

KLSE (MYR): BPPLAS (5100)

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Last Price

1.59

Today's Change

+0.08 (5.30%)

Day's Change

1.50 - 1.60

Trading Volume

796,600


2 people like this.

1,251 comment(s). Last comment by sengismyname 1 week ago

Posted by ladislav_varga > 2021-02-03 13:10 | Report Abuse

anyone know who is behind LG CAPITAL SDN BHD as they are the main shareholder and what mandate they do have

Jarklp

175 posts

Posted by Jarklp > 2021-02-24 23:44 | Report Abuse

Stable and predictable results, no surprise, another 2 cents dividend... 5.7% dividend yield, nice!

sandy43

17 posts

Posted by sandy43 > 2021-03-12 18:12 | Report Abuse

2cents dividend, no suprise for share holder, share price also still stuck in about 1.38-1.40 !!!

Zackmeiser

309 posts

Posted by Zackmeiser > 2021-03-26 14:57 | Report Abuse

after extensive reading of similar companies, BP plastic are still trading below its peer. Low PE and debt free with stable earnings and respectable DY. Wonder why share price always remain stagnant. probably 1.80-2.0 counter at least.

Lyo82

396 posts

Posted by Lyo82 > 2021-04-03 09:31 | Report Abuse

Bpplas cash piles keep growing. I am more concerned what the management going to do with that.
If they have no intention to pursue growth, why not declare higher dividend?

Posted by david6055my > 2021-04-03 18:00 | Report Abuse

2 cent per quarter dividend is quite attractive. 5.8% PA

cherry88

977 posts

Posted by cherry88 > 2021-05-27 14:07 | Report Abuse

Just declare 3sen dividend for 1q

wongck

127 posts

Posted by wongck > 2021-05-27 14:21 | Report Abuse

Well done to the board & management // cheers

LOOK009

1,061 posts

Posted by LOOK009 > 2021-05-27 14:37 | Report Abuse

FINANCIAL SUMMARY
SYMBOL & CODE BPPLAS (5100)
CURRENT QUARTER Q1 2021
PAST REPORTS
Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019
CONSOLIDATED INCOME STATEMENT
Individual Period Cumulative Period
31 Mar 2021 31 Mar 2020 31 Mar 2021 31 Mar 2020
RM'000 RM'000 RM'000 RM'000
REVENUE
100,064 KLSE Quarter Report(+29%)
77,601
100,064 KLSE Quarter Report(+29%)
77,601
PROFIT/(LOSS) BEFORE INCOME TAX
11,920 KLSE Quarter Report(+43%)
8,316
11,920 KLSE Quarter Report(+43%)
8,316
NET PROFIT/(LOSS)
9,675 KLSE Quarter Report(+55%)
6,222
9,675 KLSE Quarter Report(+55%)
6,222
BASIC (BASED ON ORDINARY SHARES - SEN)
5.15 KLSE Quarter Report(+55%)
3.32
5.15 KLSE Quarter Report(+55%)
3.32
DIVIDEND PER SHARE (SEN)
3.00 KLSE Quarter Report(+50%)
2.00
3.00 KLSE Quarter Report(+50%)
2.00
NET ASSETS PER SHARE (RM)
1.130 KLSE Quarter Report(+10%)
1.030

https://www.malaysiastock.biz/GetReport.aspx?file=2021/5/27/5100%20-%201319151552060.pdf&name=21%201st%20Quarter%20with%20NFS.pdf

Lyo82

396 posts

Posted by Lyo82 > 2021-05-27 14:53 | Report Abuse

Great job, Salute to BPPLAS management team!

cherry88

977 posts

Posted by cherry88 > 2021-05-27 15:49 | Report Abuse

I attended the BPPLAS virtual AGM. the RM35.6 mil CAPEX - to install an additional high-end line which is more environmental friendly is currently 25% completed, and target to complete by end of this year. Capacity is expected to improve by 17% in FY2022 with higher margin by 20% (higher price).
As per its latest quarterly profit of some RM10mil, we can expect it will hit another record high of RM40 mil in FY2021 or EPS of 20sen. Given its historically divided payout of 50%, we could expect anohther record divided of 10sen this year. This translate to PE of 7.5x with yield of 6.7%. the company is debt-free and plan its capital allocation between CAPEX and rewarding shareholders well.
Management is aware the plastic industry is not really environmentally friendly. They are trying new investment to improve on this area too. So, I believe its valuation is expected be be further upgraded once it is in the radar of major research houses.

Samuelgold

183 posts

Posted by Samuelgold > 2021-05-27 15:57 | Report Abuse

What happened, y suddenly spike up to 1.60

cherry88

977 posts

Posted by cherry88 > 2021-05-27 16:33 | Report Abuse

undervalue

JayC88

898 posts

Posted by JayC88 > 2021-05-27 19:21 | Report Abuse

eps just a bit shy of Tguan, dividend is much higher, price is only 60% of Tguan. nuff said.

Brutus

297 posts

Posted by Brutus > 2021-05-27 20:19 | Report Abuse

BPPLAS profit margin is way better than TGUAN. For value investing, BPPLAS is a very solid choice. Sit back and collect quarterly dividends.

Posted by tradesafely > 2021-05-28 12:36 | Report Abuse

1.38 before qr out seems to be good ep

Brutus

297 posts

Posted by Brutus > 2021-05-29 10:53 | Report Abuse

Got to appreciate the management for the generous dividends. Expecting another bumper dividends next quarter as they bought a lot of resins before the prices increased. Can see from their factory the resins are stored up to the guard house.

Posted by bfmtechnology > 2021-06-02 13:33 | Report Abuse

BPplas is a cash rich company. Consistent in dividen payout.
View my 2 cents via link below
http://mybusinesschool.blogspot.com/

JayC88

898 posts

Posted by JayC88 > 2021-06-17 08:54 | Report Abuse

finally rakuten recommendation...

Brutus

297 posts

Posted by Brutus > 2021-06-17 09:17 | Report Abuse

@bfmtechnology, great write up! To me BPPLAS is a prime example of value investing.
I intend to hold their stocks long term and buy more when share price dips.

Abilakh

376 posts

Posted by Abilakh > 2021-06-17 09:48 | Report Abuse

Can share Rakuten report?

Patrick13

1,971 posts

Posted by Patrick13 > 2021-06-17 10:26 | Report Abuse

BP Plastics Holding Bhd (Fundamental BUY with TP 2.28)
• We are sanguine on the prospect of BP Plastics Holding Bhd (BPPLAS) as a prominent Polyethylene (PE) film player and see demand to pick up from the resumption of global and regional trade activities from 2H2021 amid on-going capacity expansion.
• The stretch film maker is currently trading at undemanding valuation of FY22 PER 8x further supported by projected attractive dividend yield of 5.8%. Solid balance sheet with zero borrowings. BUY with target price of RM2.28 based on 11.5x FY22 PER as per the 5-year average valuation.
• BBPLAS is now one of the largest PE film makers in Asia, supplying cast stretch film and industrial packaging films and bags to over 54 countries. About 76% of the sales are export driven supplying to countries across Asia, Middle East, Europe and North American region. We expect the order for stretch films and industrial bags to pick up due to anticipated global trade recovery in 2H2021 of which the company is currently experiencing especially from Japan.
• BPPLAS has a combined production capacity of 8,500 MT/month and to deploy new 9th cast stretch film machine (to be commissioned by end FY21) from most of the capex spending of RM35.6m. 75% of the sales are derived from stretch films and 25% are from blown PE films. Presently, approximately 40% of the stretch film are premium products (thin gauge film), commanding 20% - 30% higher selling price than the conventional films.
• We expect the proportion of premium film to conventional film to increase with the new cast stretch film line in place. For blown film division, due to highly customized specification to fit for different industrial purposes, it garners higher margin though volume is lower when compared to stretch film.
• The plastics packaging industry in Malaysia has over the years undergone consolidation. In effect, the elimination of competition has enabled BPPLAS and other industry player like TGUAN to gain access to new clients where previously was not possible, which is an added advantage.
• BPPLAS average dividend payout ratio is attractive at 58.3% over the past 5 years, translating to a projected yield of 5.8%. Its zero borrowings and cash position of RM76.1m would comfortably fund future CAPEX requirements.
• All in, we forecast EPS growth of 13% for FY21 and 11% for FY22 respectively. BPPLAS is an attractive value proposition given its undemanding valuation and decent dividend yield.
BP Plastics Holding Bhd
(BPPLAS, 5100)

Brutus

297 posts

Posted by Brutus > 2021-06-17 15:22 | Report Abuse

Wow, even with a conservative PER 11.5, TP already 2.28!

Posted by pulsemelx1805 > 2021-06-17 15:23 | Report Abuse

undervalue!!

Posted by tradesafely > 2021-06-18 12:49 | Report Abuse

eps almost same with TGUAN, but share price still has 50% to catch up

Posted by pulsemelx1805 > 2021-06-21 14:35 | Report Abuse

i would say rm1.5 is currently a psychological resistance turned support. If it breaks below again, the actual crucial support would be RM1.3, which is very near only.

Posted by wallstreetrookie > 2021-06-22 05:03 | Report Abuse

Monday's recovery trade ended Dow Jones's five consecutive days of losses

Posted by pulsemelx1805 > 2021-06-22 17:07 | Report Abuse

donno when i can get my capital back ... gg

JayC88

898 posts

Posted by JayC88 > 2021-06-23 20:08 | Report Abuse

wow why the sudden surge

Brutus

297 posts

Posted by Brutus > 2021-06-23 20:48 | Report Abuse

With only 1 more week to close June, maybe already have accumulation in anticipation of Q2 strong QR? Another special dividend coming up?

Lyo82

396 posts

Posted by Lyo82 > 2021-06-24 10:33 | Report Abuse

Look at SLP, they are trading at premium price when their fundamental is not much better than BPPLAS. Catching up is just a matter of time.

theavenger

221 posts

Posted by theavenger > 2021-06-24 11:01 | Report Abuse

privatization 2.00

JayC88

898 posts

Posted by JayC88 > 2021-06-24 11:08 | Report Abuse

compare it to any of its peers also it is still cheaper. good div too.

Lyo82

396 posts

Posted by Lyo82 > 2021-06-24 11:46 | Report Abuse

In terms of market capital and business volume, its closest peer is SLP

Posted by pulsemelx1805 > 2021-06-28 11:18 | Report Abuse

yeah , i bought this counter also because of its div

Sardin

811 posts

Posted by Sardin > 2021-07-02 15:53 | Report Abuse

Resin price rise very steeply since March this year. Have to be careful.

cherry88

977 posts

Posted by cherry88 > 2021-07-05 20:16 | Report Abuse

ASPs to decline in 2HCY21.As resin prices continue to decline, we expect ASPs to gradually follow suit from current levels. It’s important to note that not all selling prices will decline by the same quantum. Generally, more commoditized products will experience faster declines compared to the non-commoditized products. As noncommoditized products tend to be customised for client-specific needs, selling prices tend to be stickier and would not fall as much, allowing plastic packagers to protect their margins. As we expect ASPs to gradually fall in 3QCY21 as they catch up with lower resin prices, we foresee a period of continued margin expansion followed by margin normalisation after ASPs fall in tandem.

awesome20

1,184 posts

Posted by awesome20 > 2021-07-05 20:18 | Report Abuse

tomorrow skyrocket

awesome20

1,184 posts

Posted by awesome20 > 2021-07-07 19:19 | Report Abuse

waiting for rocketing

Sardin

811 posts

Posted by Sardin > 2021-07-08 15:48 | Report Abuse

Why sudden drop?

cherry88

977 posts

Posted by cherry88 > 2021-07-12 11:15 | Report Abuse

Target to hit RM2.50 by Kenanga !

limontea

1,171 posts

Posted by limontea > 2021-07-12 16:55 | Report Abuse

Good closing :)

Posted by Godblessyou > 2021-07-12 17:36 | Report Abuse

Nice closing! Road to 2.50... yeeeehaaaa

param1

782 posts

Posted by param1 > 2021-07-12 18:12 | Report Abuse

UP UP

Brutus

297 posts

Posted by Brutus > 2021-07-12 18:58 | Report Abuse

Exciting! Looking forward to BPPLAS FY21Q2 QR! Hopefully another bumper dividend coming!

awesome20

1,184 posts

Posted by awesome20 > 2021-07-12 19:58 | Report Abuse

rocket launched

Sardin

811 posts

Posted by Sardin > 2021-07-13 09:51 | Report Abuse

I think someone has been waiting for Kenanga's report to sell :))

limontea

1,171 posts

Posted by limontea > 2021-07-13 10:02 | Report Abuse

Always when IB say up, the next day sure down.

Lyo82

396 posts

Posted by Lyo82 > 2021-07-13 10:11 | Report Abuse

At least now BPPLAS is noticeable by fund house, rerating is on the card. Just hold your seat firmly and enjoy the ride.

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