NTPM

Company Profile
NTPM Holdings Berhad  founded in 1975 and is headquartered in Pulau Pinang, Malaysia. It is an investment holding company, engages in manufacturing and trading paper and personal care products. It offers:
1.Tissue products >PREMIER, ROYAL GOLD, and CUTIE brands
2.Personal care products >INTIMATE, DIAPEX, and PREMIER COTTON brands.
3.Provide complete convenient and hygienic solution to companies and institutions including tissue products,
   soaps and dispensers with brands such as CONV. and ROYAL GOLD

Financial Result
Compare to corresponding quarter in preceding year, company revenue increase RM10.01m to RM101.58m, mainly contributed by the growth in sales of tissue, sanitary napkins and baby diapers. Profit before tax stands at RM21.08m, which translate into profit margin of 21%. Increase in revenue makes the net profit 35% better off with RM16.56m, compare to RM12.28m preceding year. EPS surged 50% to RM0.015
We can also see a steady growth of revenue and net profit from preceding quarter. RM93.63m being revenue and net profit of RM14.53 recorded for preceding quarter.

 
Technical Outlook

Strong resistant RM0.59 has been broken up, turn into immediate support.Next support is RM0.57 Today closing RM0.595 stays above MA14d, which is a good sign. My target price is RM0.67 within the next 3 months.


Stock Valuation
NTPM is trading at PE11x (based on ttm EPS RM0.054 and today's closing RM0.595). At this PE, it is fairly attractive. If we value using PE14x, its fair value is RM0.75

Overall
I think NTPM price will be pretty firm above RM0.59. With its good financial performance and very firm fundamental, one should take every chance to BUY on DIPS.

Read more...

FBMKLCI, best performance among others

FBMKLCI breaking past psychological mark1300 this morning, open with 1313.43 and continue to rise.
From technical outlook, the index consistently ride above MA50d and MA14d will cross above. ADX, MACD all point to a positive move, especially MACD crossover at below zero 2 weeks ago was excellent. If history does repeat, we might see an uptrend similar to March 09. This need to be support by increasing volume.

Since new year, KLCI has perform fairly consistent compare to other market,  increase 3.6% which is the best. Philippines comes second with +3%. Taiwan Index decrease 5.6%, which is a bit of a shock. Hong Kong also record -2.9%.

As a conclusion, we should feel more confident with KLSE in short term. Technically is very bullish and strong support of 1302. We should take this opportunity to increase our holding.

Read more...