I will look to collect back UPA for dividend play and QR4 results. YoY revenue growth, steady dividend payout of 8 sens amounting to 4%DY, export counter with forex gains resulting in improve margin. Most export counters be it rubber / glove / E&E / furniture has ran. No reason a stationary exporter that gives good annual dividend cannot fly. Only matter of time. Biggest issue is the lack of volume. Near term TP RM2.40.
hmm.. at current price, looks like an opportunity to accumulate.. think downside is limited given its (i) strong balance sheet (net cash position), (ii) exposure to foreign currency (export play - benefiting from weak MYR), (iii) attractive dividend yield of 4-5%, providing support to share price (declaring 10sen DPS for 2015 shouldn't be an issue on the back of a good set of results YTD vs. last year of 8sen), (iv) inexpensive valuation at 9x trailing P/E while trading below BVPS as well.. Your move!!
welcome lala123 to UPA club! nice to have another well structured analysis to boost my confidence. A bit panic when drop below RM2. Good to know there are people out there who still holding~ Thanks
The momentum is back after the brief respite from year high of RM2.40. This is one of the few solid counters with export exposure that is still laggard in terms of fundamental value (below NTA of RM2.51 and PE less than 10). The closest peer CheeWah stands at multiple of 11-12x. I believe UPA is worth more based on its steady dividend policy year in year out. At multiple of 11x, the FV should be RM2.50 and at 12x FV should be RM2.70. My immediate TP is RM2.40. Accummulation has been ongoing and buy rate is strong past 2 weeks. I foresee this as one of the CNY play going into the next QR.
Hi all. I have done the write up. My advise is to accumulate on weakness and hold patiently for the next QR which will coincide with the strongest quarter + it is a dividend quarter. http://klse.i3investor.com/blogs/tradeview/88889.jsp
Many counters previously with slightly lower valuations has flew ridiculously to a new highs. UPA is one the few fundamentally sound company with PE less than 10 and below NTA RM2.51. There is no reason not to load up UPA. The free flow is also limited which means should the next QR is good, it will have a steep upwards movement. The dividend is also in play for the next quarter. This is a counter to buy to hold. Thanks.
Morning mild profit taking after surging quite a lot yest. It is normal. UPA movement normally in the afternoon session. Rest assure for those holding. TP is RM2.77
A complete sell down of small mid cap stocks. I did not see it coming so soon. Anyhow for holders of UPA, there is no need to worry. You can hold it and wait for the QR. The results and DY will protect your counter's baseline provided there is no unforeseen circumstances.
UPA collection looks steady. Despite the volatile market, FFHB still able to preserve their price. It would seem likely that the upcoming results and dividend is strong. I maintain collect on weakness with TP of RM2.77
Side note. Those interested in HK market, my latest article on the Hang Seng index.
First and Final Single Tier Dividend of 8 sen per share.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 30 Jun 2017 2) The last date of lodgment : 4 Jul 2017 3) Date Payable : 18 Jul 2017
Hopefully will distribute a portion of this one off gain to the shareholders.
****** The Board of Directors of UPA Corporation Berhad ("UPA” or “Company") wishes to announce that the Company had submitted a claim for the compensation in accordance with the Land Acquisition Act, 1960.
The Pentadbir Tanah Wilayah Persekutuan Kuala Lumpur (“Land Administrator”) has on 11 July 2017 served on the Company a Notice of Award in Form H to award a compensation of RM32,674,620.85.
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....
Eelyn Soon
514 posts
Posted by Eelyn Soon > 2015-11-29 12:02 | Report Abuse
Pls don ever play contra for tis counter.