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Stock With Momentum: BP Plastics Holding

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Stock With Momentum: BP Plastics Holding

Post by Cals Wed 23 Sep 2015, 20:42

Stock With Momentum: BP Plastics Holding

By Asia Analytica / The Edge Financial Daily | September 23, 2015 : 10:47 AM MYT

This article first appeared in The Edge Financial Daily, on September 23, 2015.

[size=16]BP Plastics Holding Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.50) (+ve)

SHARES of Johor-based BP Plastics (Fundamental: 2.5/3, Valuation: 1.4/3) have risen by 69.8% to RM1.18 year to date. The company is seen as a likely beneficiary of falling crude oil prices which will translate into lower cost of raw materials.

For 1HFY2015, revenue declined 9.4% y-o-y to RM134 million, mainly due to lower export sales. Net profit, however, jumped 22.0% to RM7.8 million, boosted by lower raw material costs and forex gains.

BP Plastics manufactures stretch films, shrink films and other polyethylene packaging films and bags.

Export markets accounted for some 78% of sales in FY2014. In June, the company successfully commissioned a new RM13.5 million stretch film machine that will give it additional production capacity.

BP Plastics has a net cash position of RM51.5 million and consistently pays dividends. Dividends year to date totalled 5 sen, which includes a special dividend of 2 sen. This translates into an above-market yield of 4.3%.

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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