ORNAPAPER BHD
KLSE (MYR): ORNA (5065)
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Last Price
0.925
Today's Change
+0.015 (1.65%)
Day's Change
0.915 - 0.925
Trading Volume
25,200
Overview
Market Cap
70 Million
NOSH
75 Million
Avg Volume (4 weeks)
35,689
4 Weeks Range
0.89 - 0.945
4 Weeks Price Volatility (%)
63.64%
52 Weeks Range
0.89 - 1.36
52 Weeks Price Volatility (%)
7.45%
Previous Close
0.91
Open
0.915
Bid
0.915 x 9,800
Ask
0.93 x 7,000
Day's Range
0.915 - 0.925
Trading Volume
25,200
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#2] | 18-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 16-Nov-2023
T4Q P/E | EY
-122.98 | -0.81%
T4Q DY | Payout %
1.07% | 0.00%
T4Q NAPS | P/NAPS
2.52 | 0.37
T4Q NP Margin | ROE
-0.19% | -0.30%
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Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: PACKAGING MATERIALS
Subsector: PACKAGING MATERIALS
Description:
Ornapaper Bhd is an investment holding company. Ornapaper through its wholly-owned subsidiaries manufactures and supplies corrugated boards and carton boxes. The company?s product offerings include corrugated boxes in various types, including regular slotted cartons, top and bottom, five-panel folder, half slotted carton, full overlap slotted carton, L shape, H shape, corrugated pads and die-cut; measuring cardboard boxes, and corrugated flutes. The company?s operations are carried on only in Malaysia.
Discussions
2 people like this. Showing 50 of 1,380 comments
Ornapaper Berhad - A great company controlled by a conservative and old management team or perhaps a few 'old' individuals.
Recently, many companies with Outstanding Shares approx 100mil and below has been bought up to the extend of limit up. Orna potentially could be the next target as it has been thinly traded for many months with only 75mil Outstanding Shares.
Orna is great company which was a potential takeover target by Oji Paper which is one of the largest paper products companies in the world. There were such rumours circulating around the investment community though corporate events of such may not be likely to happen especially in view of the current Covid situation.
On the other side of thinking, the management may try to take advantage of the current undervalued pricing by planning the next few steps ahead be it privatising or other corporate activites if not continuing the the hibernating.
The current price as of 30th July 2021 was RM1.44 and the closing prices for the past 1 month has been around RM1.4X plus minus.
It is definitely another frustrating/undervalued stock in Bursa, controlled by the family members (Sai's Family) with a conservative way of running a paper products business (compared to Muda Holdings's Lim Family, more aggressive management). If you not already know, Mr Sai Chin Hock, the Executive Director and major shareholder of Orna is also the owner of Julie's Biscuit - a great confectionery company based in Melaka.
The big question is why Orna still maintain the listing status when the purpose of listing is just to put your company in hibernation mode instead of fully utilising the benefits of being a listed company. Yes it is definitely useful to let people know that it is a listed company to gain respect (another session for discuss further, not relevant in today's session). To summarise, the management will not care much about the minority shareholders' opinion and investing in Orna is a game of patience to see who will last longer...
1. https://www.theedgemarkets.com/article/edge-weekly-more-ma-likely-paper-packaging-industry
2. https://en.m.wikipedia.org/wiki/Oji_Paper_Company
This sharing is just for extra informational purposes only. It is vital to do your own study and analysis before making any investment decision.
2021-08-01 01:01
1.54 green. Volume has increased 10x for the the last 3-4 days. Momentum building up for 2nd gear. Go go
2021-09-07 17:12
Take over price so low. Not fair to shareholders. Share holder need to reject
2022-09-21 18:05
Wishing everyone a very happy healthy wealthy and prosperous Chinese New Year... Gong Xi Fa Cai
2023-01-21 13:48
If you have a comparative ROE that does not show a clear winner (as per the link https://i.postimg.cc/XvtJhw9P/ORNA-New-Toyo.png), would by consider ORNA as a company for further investigation? My screening process is to compare the historical ROE with those of my reference companies. The reference companies are those that I have done detailed analysis. I figured that if a target company ROE does better than my reference, it is worth a deeper look. But what happens if it looks like the ORNA case? I have shared the details of one of my references – New Toyo but have not done so for Canone. For an overview of New Toyo go to https://www.youtube.com/watch?v=zuL2PB7Kwkg
3 weeks ago
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