Posted by Henly30a > 2015-03-26 12:22 | Report Abuse

share market is a legal gambling centre for all in certain countries !Does KLSE inclusive ???????????? Do u think KLSE will investigate your complains??????????????

Posted by JbHotSpot > 2015-03-26 15:23 | Report Abuse

A throw to B and B throw back to A, than pull down the price, boring game

Posted by Invest123 > 2015-03-27 08:52 | Report Abuse

No more lah

Posted by steveooikp > 2015-03-28 15:27 | Report Abuse

I bot 55...... dn to 3x.... i scare.... up to 59.... did not sell.... later sold at 58.5.... then up to 65.... i regretted.... now 47...... alamak

Posted by brighterday > 2015-03-31 12:24 | Report Abuse

http://www.theedgemarkets.com/my/article/bright-packaging-seeks-double-revenue-fy15

Posted by brighterday > 2015-03-31 12:25 | Report Abuse

Bright Packaging seeks to double revenue for FY15

KUALA LUMPUR: Bright Packaging Industry Bhd ( Financial Dashboard), which attracted some attention when it was embroiled in a boardroom tussle in 2013, is eyeing to double its revenue for the current financial year ending Aug 31, 2015 (FY15), driven by a bigger market share and its venture into the Russian market.

Based on its revenue for FY14 of RM34.15 million, Bright Packaging (fundamental: 1.3; valuation: 0.9) sees a potential rise in its revenue to generate a record RM68 million in FY15, surpassing its previous high of RM65.46 million in 1997.

The aluminium packaging supplier’s chairman Datuk Seri Syed Ali Abbas Alhabshee said the improved top line figure will also translate into better net profit growth for the year.

The rosy forecast is despite the fact that Bright Packaging reported a 76% drop in net profit to RM1.65 million in FY14, from RM6.91 million the previous year, while revenue fell 35% to RM34.15 million from RM52.22 million.

“We continue to increase our market share and seek clients from other tobacco customers such as British American Tobacco and Japan Tobacco International ( Financial Dashboard),” he told The Edge Financial Daily.

Currently, Bright Packaging derives most of its revenue from its customers in Asia-Pacific and Philip Morris and its affiliates.

On Jan 16, 2015, the company secured a contract worth US$15 million (RM55 million) with ZAO Philip Morris Izhora, a Russia-based affiliate of Philip Morris. The Russian tobacco manufacturer currently operates Philip Morris’ second-largest production facility in the world.

The contract marks Bright Packaging’s first foray into the Russian market, in which it sees great potential. It was also the single largest contract signed by the company.

“This is a fairly significant contract and represents a vote of confidence in the quality of Bright Packaging’s products and Philip Morris’ commitment to our service,” said Syed Ali.

The contract entails the supply of aluminium foil to ZAO Philip Morris Izhora for a period of two years until Dec 31, 2016.

Following the contract with the Russian tobacco manufacturer, the company aims to further expand its footprint in the Russian market.

“Russia represents one of the largest markets globally for us and we hope to make further inroads into the market. We will also explore other local Russian tobacco manufacturers once we have a better foothold following the orders from ZAO Philip Morris Izhora,” said Syed Ali.

According to its FY14 annual report, Bright Packaging’s export sales make up a major part of its revenue, accounting for 97% of its revenue. Its top markets include the Philippines, which accounts for 35% of its revenue, followed by Indonesia (31%) and Australia (12%).

Due to its significant exposure to the export market, Bright Packaging expects the strengthening of the US dollar against the ringgit to increase its profitability in the mid to long term.

However, in the short term, the company said the impact will be neutral, as it is also importing equipment to upgrade and replace its current ageing equipment for the installation of new production lines.

To recap, Bright Packaging was embroiled in a high-profile boardroom tussle in 2013, which concluded with the removal of four of its six directors at the time, by a requisition party led by Syed Ali, in an effort to restructure the company.

Syed Ali, Ang Lay Chieng, Tee Wee Keat and Lye Jun Fei were elected to the board by a majority vote of 59.93%, replacing then-executive directors Wong See Yaw, Wong Siew Yoong, Yeap Cheng Chuan and Yap Kok Eng.

For the first quarter ended Nov 30, 2014 (1QFY15), the company’s net profit declined 21% to RM2.14 million from RM2.71 million in 1QFY14, while revenue climbed 29% to RM11.09 million from RM8.59 million.

Asked if the company will be considering any mergers or acquisitions going forward, Syed Ali said Bright Packaging did not rule out any opportunities.

“We have an optimum capital structure at the moment. Should an opportunity present itself, we would prefer to acquire using cash as we rarely find quality businesses on par with Bright Packaging,” he said, adding that the company aims to maintain its low debt level.

Year-to-date, Bright Packaging’s share price has appreciated 3.3%, outperforming the FBM KLCI’s gain of 2.96%.

The counter closed 1.05% lower at 47 sen last Friday, translating into a market capitalisation of RM74.18 million.

This article first appeared in The Edge Financial Daily, on March 30, 2015.

Posted by cowboyjoe > 2015-03-31 18:17 | Report Abuse

Funny. Revenue to double but share price acting opposite way. Never trust a politician especially umnok one.

Posted by wonnksa > 2015-04-01 08:39 | Report Abuse

This is a damn FXX>>>>>>> counter! volume up and price down from 66 cents to 45 cents.

Posted by donn > 2015-04-01 15:28 | Report Abuse

WATCH.. haha

Posted by Invest123 > 2015-04-01 23:53 | Report Abuse

Today's up is a good sign

Posted by aa111111 > 2015-04-02 00:06 | Report Abuse

volume increased.Price up.BETTER DAY FOR TOMORROW.

Posted by kimssiat > 2015-04-03 09:38 | Report Abuse

Recommended: BUY today.

Posted by brighterday > 2015-04-06 10:12 | Report Abuse

Interestingly Syed Ali also control Tema Maju Sdn Bhd which owned 32% of Redtone before selling out 20% to Johor Sultan and the final 10% to Berjaya Group at RM0.80.

We hope the same can be replicate in Bright

Posted by hng33 > 2015-04-07 09:33 | Report Abuse

Bought Bright at 47.5sen today.

It have very strong balance sheet, net cash is about 23/share or almost half of the current share price is support in the form of cash hoard. Bright have make turnaround of its core business, record Q1 EPS 1.5sen, annualized give rise to 6sen, implying PE at 8x, but if stripping out its cash hoard, PE just at undemanding of just 4x. In addition, bright business is export oriented, US appreciation translate into better profit margin for bright

Posted by brighterday > 2015-04-07 10:09 | Report Abuse

Exactly, fully agree with hng33

Posted by tan damien > 2015-04-07 12:17 | Report Abuse

Financially sound. But price need to move up. otherwise wait too long opportunity lost for short term trading. Chart still ok for uptrend.

Posted by minglol > 2015-04-07 15:19 | Report Abuse

this is funny, share price keep on maintain around 47 to 48, boring and useless counter

Posted by hng33 > 2015-04-07 15:59 | Report Abuse

minglol

I believe current little to unchanged share price is accumulation phase, time will come later once these phase is over to follow by marked up phase

Posted by minglol > 2015-04-07 16:03 | Report Abuse

hng33

Thanks for the advise, any TP for this share? I'm holding on high price, damn sad

Posted by hng33 > 2015-04-07 16:26 | Report Abuse

minglol

Just for reference, Bright have right issue in 2013, at price 55sen. Therefore, for those subscriber to have profit, share price must above these level.

Posted by brighterday > 2015-04-08 12:34 | Report Abuse

Thats why the share price moved to about 70 cent then retreat then back up to 67 cent, now again retreated ... i think it will move up again in days to come....

Posted by Invest123 > 2015-04-08 18:31 | Report Abuse

Accumulating

Posted by hng33 > 2015-04-08 20:08 | Report Abuse

Agreed, bright is still under accumulation phases. Time will come once these phase is over, to be follow by marked up phase, with immediate target at 55sen follow by 60sen

Posted by Zoom > 2015-04-09 09:22 | Report Abuse

sapu bright now!

Posted by Zoom > 2015-04-09 09:22 | Report Abuse

it will be U-turn

Posted by samer > 2015-04-09 09:25 | Report Abuse

Zoom, how high can it go today?

Posted by tan damien > 2015-04-09 09:25 | Report Abuse

Chartwise favourable for further uptrend.

Posted by samer > 2015-04-09 09:28 | Report Abuse

Damien, can it break 0.52 by today?

Posted by hng33 > 2015-04-09 09:29 | Report Abuse

Marked up phase

Posted by Zoom > 2015-04-09 09:32 | Report Abuse

today at least 495 -505

Posted by Zoom > 2015-04-09 09:46 | Report Abuse

Q sell 0.500.... this operator too noob for me!

Posted by Zoom > 2015-04-09 09:47 | Report Abuse

wah no need... terus finish. ok byebye bright. win enough

Posted by hng33 > 2015-04-09 09:54 | Report Abuse

Sold first at 50sen, waiting to buyback now :)

Posted by Kim Yeoh > 2015-04-09 10:03 | Report Abuse

malilamalimoney$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by Kim Yeoh > 2015-04-09 10:05 | Report Abuse

untonguntongunyonguntonguntong kikikikikiki

Posted by samer > 2015-04-09 10:13 | Report Abuse

sold all at RM 0.50

Posted by klugman > 2015-04-09 11:19 | Report Abuse

TP 65 SEN

Posted by Invest123 > 2015-04-09 11:43 | Report Abuse

Result out this month, back to 60 sen?

Posted by tan damien > 2015-04-09 11:43 | Report Abuse

sorry samer. I don't know the tp.

Posted by tan damien > 2015-04-09 11:48 | Report Abuse

Will wait to gain more or lose bit of gain b4 selling since it 1st day obvious uptrend.

Posted by speakup > 2015-04-09 11:54 | Report Abuse

so bright today

Posted by kimssiat > 2015-04-09 15:09 | Report Abuse

Initial TP > 0.55. WHy you sell so fast?

Posted by Invest123 > 2015-04-09 15:31 | Report Abuse

Well done!

Posted by samer > 2015-04-10 09:50 | Report Abuse

Aiyaa !!!! sold too early

Posted by Dkwee > 2015-04-13 10:36 | Report Abuse

:):):)

Posted by Invest123 > 2015-04-13 11:18 | Report Abuse

Bright now is brilliant! Keep it up

Posted by noorgreen > 2015-04-13 11:28 | Report Abuse

told u..time to buy when it was at 47. Now smiling :)

Posted by brighterday > 2015-04-13 11:38 | Report Abuse

yeah, the earlier drop I think it's tactic to scare weak seller off before next wave coming

Posted by brighterday > 2015-04-13 11:39 | Report Abuse

go go go go

Posted by tradeview > 2015-04-13 18:22 | Report Abuse

I am vested in the counter and has listed it in my contra pick with TP of RM0.525. It hit a high of RM0.52 and had substantial buy volume at RM0.515. It would seem that tomorrow it would challenge the RM0.52 resistance again and if it fail to breach, I may consider taking profit.

http://klse.i3investor.com/blogs/tradeview/74534.jsp