PERSTIMA may trend higher after it breached above the MYR5.00 threshold and leaving an upside gap. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR5.00 level, with an exit set below the MYR4.60 threshold. Towards the upside, the near-term resistance is at MYR5.80. This is followed by the MYR6.30 level.
Last 5 years EPS while and on increasing trend, fluctuated significantly, increased by 29% over last 5 years, PE ratio is at 10, ROE 12%, and dividend yield 4.03%
Perstima needs money to build a new factory in Philippines. Capital Commitments shows RM 239 million. It seems Perstima is unable to maintain dividend payout due to major Capex. Some more, market is quite challenging due to influx of cheap China tinplates.
wow, latest 1st qtr result surprisingly good for arguably the worst period of the pandemic. imagine their results if times are good or even normal. prudent and well managed company.
For Vietnam, the subsidiary Company recorded a revenue of RM88.2 million as compared to RM70.8 million in the Previous Quarter. The subsidiary Company’s revenue was higher due to higher sales volume and higher selling price for the Current Quarter. The Company recorded a profit before tax of RM7.0 million compared with RM2.6 million in the Previous Quarter. The higher profit before tax for the Current Quarter was due to higher sales volume coupled with better profit margin.
Despite the Group’s business environment becoming more challenging, the new normal has strengthened the Group’s resolve to continue to improve production efficiency and cost saving measures and increase and expand sales and marketing efforts (including exploring new opportunities and markets) in an effort to ensure the profitability of the Group for the current financial yea
They should change their name to Versalite or Shoji to reflect their Japanese management and parent company. Better branding also. This is basically a Japanese company but not reflected in the name. The Perstima name had some bad reputation before. Totally different company now.
wow, another good qtr in the middle of the pandemic. imagine during normal times. becoming recession proof just like gloves, food related and carton box packaging. will sure fly when they start paying their usual 30 sen dividend per financial year again. currently conserving cash due to high capex for new manufacturing plant in Philippines.
1. don't know how to count the OR value compare to the mother share. Much cheaper to buy the OR and sell the mother share. classic arbitrage opportunity.
2. no money to take up the rights at RM3.00. therefore take back some money by selling the OR
3. no time or hassle to handle the paperwork to subscribe.
forgot to add, even if you don't have any mother share to sell for arbitrage, just buying the OR on itself is worth it and low risk. At the current OR price of RM1.56 and go through the rights issue, your mother share cost is only RM3.04 compared to the mother currently at RM3.23.
Of course the mother share can go down before the rights are listed but you already have a 20 sen hedge. And if you are familiar with their price trend, they have rarely gone down below RM3.20.
Go figure and buy. Today is the last day of OR listing.
What I meant was it rarely went below RM3.56 before the rights and bonus which is equivalent to RM3.20 after ex. Quite low risk for a high dividend and profitable stock.
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....
dompeilee
11,888 posts
Posted by dompeilee > 2018-08-21 16:23 | Report Abuse
On the moooooove once again... =)