Recently their CEO announce that the price war going to be tough due to government policy failed to stop low cost tinplate coming in from China. Anyone have idea about this? how bad whould this impact their business?
It is very difficult to find a good counter with monopoly business like Perstima. Just imagine tobacco/cigarette shares like BAT and JT Int (already privatised), there were many illegal cigarettes selling out there and everywhere at much cheaper price but BAT and JT still making good profits and delivered decent dividends to its shareholders. The major shareholders of JT even privatised JT Int at a very high premium. What I m trying to say also Perstima indirectly is a consumer stock, as long as demand grows for tin can related products following growing population, the demand for Perstima's products will grow as well. Just looks at DLady, the share prices now as compared with 10 years ago, increased by 10 folds. Don't worry too much about the share price fluctuation, accumulate more with the dividends received and compound it like interest. With lower share price, I can accumulate more shares and bring down my average cost. Lastly it was a very defensive shares can withstand correction and recession and still making good profits .... maybe one day, the Japanese/major shareholder may want to privatise Perstima like JT !!!! Accumulate as you still can before any smart institutional investor spotted this hidden jewel .....
Good dividend stock. Touched 3 years high at 5.10 yesterday. Will come down since dividend is announced. It has move up quite a bit recently, like 50sen.
good div stock,keep this stock for long term! I keep this stock for about 4yrs and with >40% return, with this kind of div trend, will get hv return of 100% in another 5 yrs.
even the price now is 5.3, assuming it is paying 35 sen dividend per year, it will give us 6.6% dividend yield. I have check it free cash flow is about RM1, very strong company, no borrowings, superb, another gem. to me, it is even better than many blue chips counters which are full of debts
no doubt, good counter but need to get the attention from public otherwise hard to go above rm6, how come OTB does not analyse it and introduce to all the investors...lol
Good fundamentals, good dividends. have nothing to worry about. For me RM 5 ++ is still ok to go in. Agree with what superb99 said, it needs attention from the public...
Short term exit i believe is ok, wait correction then buyback to profit the difference since reach 52wk high. but for me i will hold it. i keep this stock, treat like FD.
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....
Foo Kok Hou
2 posts
Posted by Foo Kok Hou > 2014-08-06 12:42 | Report Abuse
Recently their CEO announce that the price war going to be tough due to government policy failed to stop low cost tinplate coming in from China. Anyone have idea about this? how bad whould this impact their business?