Master and PPHB reported reduced earning, in contrast to Orna, who has more stable income. I guess Orna has more diverse groups of customers, covering food, paper, furniture, E&E and other industries. Julie's biscuit with common shareholder will also provide stable income. Whereas PPHB and master's presence is in northern region penang, which mainly focus on E&E. Current low paper price will still benefit Orna and the management is cautious optimistic of achieving positive result in 2020
if u good in calculation, trace back industry best pe and worst pe, then u will know the range, but, normally ppl focus on best pe, since master and orna different.
of course u cannot use pphb pe to count lah, 9 is reasonable when master hike the second time. 1.5 is not too over, if pe is 8, 1.37, so depend on what ur perception.
or, u can read the quarter result, for me, the debt is not the highest if compare to history high price time, the eps almost the same as current, the price up to 1.7, if u not greedy, u can aim for 1.35, 1.4, 1.45, still better returns.
when u say package is down trend, but when master first hike up, orna and pphb still downtrend. pphb earning decrease is operating cost hike up, reduce the profit, master revenue , profit increase yoy but not qoq, i dont think is downtrend, just goreng too over, cannot tahan politic earthquake and qovid, so we can say pe 11 is high for package industry. Maybe pe 9 is good. Do not goreng, but look for fundamental. read history pe, eps, and other financial ratio. u will see the
i think u are wrong, i no teach u, i just share my view as u share ur view too, take it easy. u can say i am wrong too. because this is open discussion. thanks , btw i am not young now.
Based on Fred, paper price remained at 10 year low. Orna will continue to benefit from low material price. Rising activity of E commerce is a plus to Orna
we know from end march is when delivery services spike up, there was news about pos and poslaju overwhelm by huge package delivery backlog, question is how much did orna gain from this. once this drop over, its worth to check for 2nd quarter of orna. Actually all paper company orna, master, pphb. They provide boxes for consumer shipping.
dun forget masks also imported in bulk and shipped nationwide, to pharmacies and online. each mask imported need to be repacked in their 50s box and every X number of box need their respective cartons too..alot of boxes needed as a result of covid. dun even get me started on glove demand. every pack of glove also need a box
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....
stingray_ea
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Posted by stingray_ea > 2020-02-26 13:04 | Report Abuse
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