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
reentered this counter at price between RM1.01 - RM1.02. good QR, good fundamental, low liabilities. and most importantly price is at low level after many years
over the years, NTA building up, total liabilities going down. just calculated it's net current asset worth RM1.05 per share (including inventories), which totally discounted any value of it's non current assets (Property, plant and equipment)
while the company being not profitable over the years (although still making more profits than losses), price has gone downtrend throughout the course to current low level.
this last QR showed sign of company start being profitable, although not promised to be sustainable yet (wait until future QRs unfold). current price offers a very good bargain entry point comparing to it's NTA of RM2.66
The current economy situation and operating environment continues to pose challenges to the Group’s business.
Demand of the products, increase in raw materials cost and operational costs such as wages, utilities, logistics and other operational expenses remain as main challenges for the Group.
The Group will continue to focus on its core business and will always be seeking new ways to improve its performance.
Moving forward, the Group will continue with its concerted efforts to improve efficiencies and effective cost management across major functions to maximise returns and to strengthen the competiveness in the market.
The Board is cautiously optimistic of the performance of the Group for the financial year 2024 amidst challenges from the prevailing market economic conditions.
sunset industry? please explain. PPHB, MUDA, MASTER also did well this QR. requirement for paper boxes will be there as long as people still do trading as most products need packaging especially now time of online businesses. more paper boxes are needed
bought back a few orna at rm1.00 (9 july 2024, 4.02pm). price seems to be grounded for this qr and easily maintain for next qr even at minimal positive. hope for next qr to show significant improvement and price would almost guaranteed to follow up
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....
strattegist
23,459 posts
Posted by strattegist > 2021-09-22 18:00 | Report Abuse
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