of course. personally i am holding at average RM1.3x, and don't really plan to take profit unless probably if it goes up too fast say RM3. otherwise, will just take the dividends and observe how things go next quarter.
@cherry88, of course it does make sense @ 2.40 based on their fundamentals. There will be a group who believe fundamentals are dead in BURSA. I invested in BPPLAS for long term, maybe perpetually!
My humble opinion, BPPLAS is still broadly undervalued. No need look far, just compare to its closest peer SLP. No right or wrong to continue buy, hold or sell. It all depends on individual's investment strategy and risk appetite. Happy investing!
Wow! Just WOW! Maybe after Ex-Date will continue to uptrend? Do really hope so. Internal staff accumulating? Another excellent QR coming up with Special Dividends?
as profits & revenues grow from quarter to quarter, price going up is expected, it is just either sooner or later.. when price starts to over value, then its time to let go
For long term investment, Scientex is definitely better. For capital growth, pick BP Plastic. I missed out on this company because I honestly thought they are not supposed to beat earnings last quarter. Again, I am not suspecting that the management is cooking the book but the peak growth for packaging materials usually lasts even shorter than glove companies. Glove companies peak growth is around 3 - 4 quarters whereas packaging materials lasts around 2 - 3 quarters.
Based from AR 2020, page 116, top 30 shareholders collectively own 78.87% of total shares. When more people buy bpplastics shares in the open market, this will easily push the price higher. Afterall, maybe this year profit is going to be higher than last year. Total PAT for QR1 and 2 is already 24.4 million. PAT for 2020 is 29.6 million.
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....
cherry88
986 posts
Posted by cherry88 > 2021-08-23 17:02 | Report Abuse
Do u think TP of RM2.40 make sense to you ?