Posted by limontea > 2021-07-13 10:22 | Report Abuse

Look at the tremendous sell Q.

Posted by limontea > 2021-07-13 10:25 | Report Abuse

Sell Q @ 1.900 during the opening
and Sell Q @ 1.940 now.

Posted by limontea > 2021-07-13 10:26 | Report Abuse

Looks like yesterday pump already today dump

Posted by cherry88 > 2021-07-13 10:32 | Report Abuse

Referring to my earlier comment dated 27/5, the EPS for FY2021 should be around 20sen (Kenanga estimate at 19.2 sen). Even with current MCO (I actually dont know how to name the current lock-down status), BPPLAS still allow to operate at 60% capacity. Therefore, negative profit impact is minimal whereby it is contra off with better margin in 2Q and 3Q in FY2021. Its past 10-years PE was ranging from 7-16x. So, Let's take average of 12x (which is closed to Kenanga's PE of 13x), my own TP would be RM2.40 with current yield of 5.4% (assume price of RM1.85 with dividend per share of 10sen). Still not really expensive at current level, if you guys are patient enough to wait for the pandemic crisis to be over. Hope this comment help you guys to make some informed decision.

Posted by CHONG Kong Hui > 2021-07-13 10:50 | Report Abuse

@cherry88 good sharing

Good company can buy and hold.
Those want to gamble or speculate, look for Most Active counter to trade. Not BPPLAS

Posted by Sardin > 2021-07-13 11:01 | Report Abuse

Hi Cherry88, I'm not sure if the margin in Q2 is expanding as resin price increases sharply in Q2 compares to Q1.

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

The price is already ATH. Did not expect more.
Current huge block @ 1.840.
Probably will retrace for a few days before picking up again. Unless they want to pump dump.

Posted by cherry88 > 2021-07-13 11:11 | Report Abuse

@Sardin, Management has indicated to increase its ASP to off-set the material cost increases. With its recent drop (or stabilize) in its material prices, ASP remains at high. Management indicates that a "SUDDEN" increase or decrease in material cost is actually favorable to its margin. Any SUDDEN increase in cost allow them to increase ASP easily but not otherwise. However, a GRADUAL increase or decrease in cost may not favor its margin as it is difficult to pass the cost over to customers.

Posted by limontea > 2021-07-13 11:55 | Report Abuse

@cherry88, thx for the sharing.

Posted by limontea > 2021-07-13 17:04 | Report Abuse

Very red today.
Retracement 1: 1.820
Retracement 2: 1.730
Retracement 3: 1.660

Let's observe tomorrow the price correction.

Posted by limontea > 2021-07-13 17:07 | Report Abuse

As per Fibonacci Retracement.

Posted by wallstreetrookie > 2021-07-14 14:59 | Report Abuse

Good profit. Sold

Posted by wallstreetrookie > 2021-07-14 15:08 | Report Abuse

15% gains in a few weeks. Thanks to a Facebook guru for pumping up this stock. Personally don't trust Kenanga's price target. Too much risk for me

Posted by pulsemelx1805 > 2021-07-18 14:19 | Report Abuse

siapa facebook guru tu , i want to join his class

Posted by Thkent91 > 2021-07-24 12:30 | Report Abuse

Will continue to grow. any dip in price (probably due to closure of plant, increasing of shipping cost) is a chance to accumulate

Posted by Aaron_tan > 2021-07-24 22:07 | Report Abuse

Friday show distribution start

Posted by Aaron_tan > 2021-07-26 12:40 | Report Abuse

queue to buy 1.0

Posted by Aaron_tan > 2021-07-27 20:00 | Report Abuse

Tomorrow will break 1.7 and 1.0 coming

Posted by AllanTingAS > 2021-07-28 20:31 | Report Abuse

Mana ada 1.7 and 1.0 coming?

Posted by Aaron_tan > 2021-07-29 09:36 | Report Abuse

Wait patiently

Posted by Thkent91 > 2021-07-29 13:47 | Report Abuse

Aaran, patiently waiting at 1.10 to support, will not give you chance to collect at 1.00. hahaha

Posted by kpowersohai > 2021-07-29 18:08 | Report Abuse

drop more buy more, buy until become substantial share holder. then keep until after covid is gone and u will be the next millionaire. undervalue much.

Posted by pulsemelx1805 > 2021-07-30 14:20 | Report Abuse

yeah ... don't kancheong

Posted by pulsemelx1805 > 2021-07-30 14:20 | Report Abuse

semanyang dan doa kuat sikit

Posted by pulsemelx1805 > 2021-07-30 14:21 | Report Abuse

dia akan lambung ~

Posted by cherry88 > 2021-08-03 16:01 | Report Abuse

BPPLAS is allowed to operate at 60% capacity during this MCO period. Given lower raw material prices, you will expected another result record making this coming quarter result announcement

Posted by wallstreetrookie > 2021-08-04 13:07 | Report Abuse

Lol Hong Leong Research is sell-side analyst. What happened to their target price of RM 2.50 outperform call?

Posted by abcb > 2021-08-16 17:01 | Report Abuse

When Research Broker recommend to BUY for this stock,better don't touch first because most of its clients including themselves have accumulated number of shares in the open market at a superb low price,so we as a retailer have to be cautious ,there is no such a free lunch at all
They spend so much time and money to make their reseach and they will push further up the price later and slowly dump it to you
Listen! Listen! Listen! BE ALERT!

Posted by abcb > 2021-08-16 17:03 | Report Abuse

Why not recommend to buy earlier when the share price drop to 1.33 this year?

Posted by wallstreetrookie > 2021-08-16 17:04 | Report Abuse

You are right abcb

Posted by cherry88 > 2021-08-16 22:36 | Report Abuse

https://klse.i3investor.com/blogs/InvesthorsHammer/2021-08-14-story-h1569740417-STOCK_SITTING_IN_A_COVID_PROOF_SECTOR_PAYING_OUT_REGULAR_DIVIDENDS.jsp

Posted by tradesafely > 2021-08-20 17:55 | Report Abuse

just. wow. QR.

Posted by Brutus > 2021-08-20 18:46 | Report Abuse

Thank you BPPLAS Management Team for the generous dividend!

Posted by Sardin > 2021-08-20 19:22 | Report Abuse

Big thank you to Cherry88 and BPPLAS management. Excellent result and generous to minor shareholders.

Posted by Godblessyou > 2021-08-20 19:31 | Report Abuse

Very generous indeed. Fantastic result!

Posted by tradesafely > 2021-08-20 19:43 | Report Abuse

lesson in i3: always dyodd, not listen to some random abc.

Posted by cherry88 > 2021-08-20 20:23 | Report Abuse

After reviewing its 2Q results and refer my earlier comments dated 13/7, my TP of RM2.40 remains intact. My earlier EPS estimate is rather on a low side. Let's remains at 20sen for FY2021 and 22sen for FY2022. At PE of 12x, TP should be in range of RM2.40 to RM2.64. Growth potential still at 26%. Dividends wise, management has declared 6sen in 1H2021. Again, we assume total only 10sen for FY2021 (3+3+2+2). This is on a very conservative side. Its yield still remain attractive at 5.2%. If we assume its total dividend of 12sen, the yield will be 6.3%.
All and all, it is a small and sexy growth company to consider before it is on major broking radar. Its company is still in capacity expansion plan where it will be fully materialized in next year.

Posted by Brutus > 2021-08-20 21:48 | Report Abuse

Importantly with their increased in both revenue and profit, their profit margin has improved from a high single digit to almost mid double digit. That is impressive as industry average is single digit.

Posted by treasure_seeker > 2021-08-21 00:05 | Report Abuse

Great QR.. Congrats to those still holding on to the stock, on track to go higher than RM2.40

Posted by Bgt 9963 > 2021-08-21 09:26 |

Post removed.Why?

Posted by kpowersohai > 2021-08-21 09:29 | Report Abuse

environmental issue, esg consent, plastic industry is a huge risk for long term...sell while price still acceptable.

Posted by treasure_seeker > 2021-08-21 17:30 | Report Abuse

of course there is that risk of negative plastic demand, but the numbers in recent years QRs show steady growth in revenue & profit.. take that risk & just enjoy the potential dividend yield of 6.3% at current price.. no risk, no gain

Posted by cherry88 > 2021-08-22 16:57 | Report Abuse

I have the same concern on its ESG issue too. However, management has indicated its initiative to invest into environment friendly machinery. I have extracted the relevant section from its annual report as below :

The Group has allocated approximately RM35.6 million of CAPEX investments in FY2021 as part of the Group’s ongoing strategic expansion plans to enhance shareholder value. This include a new 9th Cast Stretch Film machine, where installation and commissioning are expected to be completed by the end of 2021. This new technology stretch film machine will not only increase production capacity, but also broaden product offerings to cater for market demands for more sophisticated packaging requirements and sustainability-based packaging.

Management follows the 3Rs concepts of “Recycle, Reuse and Reduce”. We have sufficient waste
management know-how, technical expertise and capabilities to design the manufacturing process flow to incorporate the salvage and reclaim (“Recycle”) of our internally generated plastics waste, rejects and scraps. The recycling capacity utilisations are 71% and 83% in FY2020 and FY2019 respectively. The Recycling process is an enabler which also allows the outer packaging from our suppliers to be reused (“Reuse”) as raw materials for suitable industrial packaging film application.
Reuse further helps us to ensure that we can reduce (“Reduce”) our consumption of virgin raw materials at the same time keeping our waste footprint low, in support of the concept of circular economy and more efficient use of our valuable resources. As the Group remains focused on quality and product innovations, our Plant operations team were able to reduce the total plastics waste, rejects and scraps metric tonnes by 9.8% in FY2020.

Posted by wallstreetrookie > 2021-08-23 09:10 | Report Abuse

@tradesafely it is easy to say things in hindsight. Unless you have inside info about the special dividend, it is impossible to predict earnings. Next time why don't share your due diligence here if you hate i3 comments that much. Yeah most of us were WRONG and not ashamed to admit our mistakes. Heck not every analyst gets earnings prediction right anyways.

Posted by wallstreetrookie > 2021-08-23 09:11 | Report Abuse

Easy to spread hatred but hard to generate your own ideas

Posted by million76 > 2021-08-23 09:13 | Report Abuse

bp up a lot. I will switch to tguan now

Posted by Brutus > 2021-08-23 09:42 | Report Abuse

Wow, nice gap up today from 1.90 to 2.08!

Posted by cherry88 > 2021-08-23 12:57 | Report Abuse

Both Kenanga and Malacca had raised its TP to RM3.15 and RM3.06 respectively, mainly from its capacity expansion (as mentioned above) as well as its improvement in margin even with its 60% workforce.
Personally, I did not revise my own TP as yet....maintaining at RM2.40 !

Posted by Brutus > 2021-08-23 13:39 | Report Abuse

Both these TP, the market cap will be larger than SCGM. Does not make sense as BPPLAS in factory size is no where near SCGM.

Posted by tradesafely > 2021-08-23 15:59 | Report Abuse

congrats to those holding :)