5% DY base on current price is way better than many FD offer by bank. If you bought this share 3yrs ago and allocate til now, the DY should be about 9%!!
The P/E is below 15x and if you compare with other established counters within the Consumer industry, they are mostly traded at >20x. I think NTPM deserves the premium because it has certain competitive advantage, especially in the tissues and toiler paper segments. Its major competitor is Kimberly Clark, who produced Kleenex and Scotts brands. Obviously, Kleenex is more expensive and majority of the Malaysian households opt for Scotts or NTPM's brands, e.g. Premier / Cutie / Royal Gold. If you frequent the supermarket, you'll see that NTPM is pretty good in "bundling", e.g. adding some "freebies" to make it a better deal compared to Kimberly's.
Also, NTPM's earnings will be further strengthened if it could improve the brand image of Diapex baby diapers. The baby diapers segment is more competitive but I believe the margin is better than other paper products. In fact, Diapex is also a good product and value for money, but it needs time to penetrate the market.
http://klse.i3investor.com/blogs/rhb/36807.jsp Kenanga said 0.69 ... Not sure whether achievable or not. Again, this stock to me is keep and hold, I will top up regularly whenever there is a correction.
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....
superman125
78 posts
Posted by superman125 > 2013-08-13 00:00 | Report Abuse
Ahh lack of bullet d ... Will see ah long for some fund . Haha