next theme play after gloves and pharma. need plenty of boxes to pack the gloves and vaccine, not to mention million of boxes needed for the boom in online business.
MASTER is the newest counter purchased under Tong Koi Onn's Malaysia Portfolio under Asia Analytica!!! See The EDGE Malaysia this week. "The stock is trading at less than seven times trailing 12-month profits and 0.95 times net assets value. The company has net cash of about RM21 million. With raw material prices expected to remain steady in the foreseeable future,Master-Pack should perform reasonably well despite the prevailing difficult economic environment.
Yes, make it TP4.00!!! Quite a number of stocks hit double in short period of trading days. To name a few....PHARMA, DPHARMA, BIOHLDG, XOX, NEXGRAM, from low price to high price counters. How can MASTER be left out with a NOSH of RM54 mil only?
you should make your own TP but for my own it is TP RM 4...
potential upside is alot: Beneficiaries from food packaging (from delivery), e commerce (Malaysia net exporter), and also potential gloves packaging. Take a look at gloves when you buy, what do they use to wrap?
downside not much - since its cheap now PE < 10 for a strong cash flow company. Business has turned around past few years
Bro RainT, ini bukan shark yang kita mau ikut. Duit kita punye, kita pilih shark yang top class. Ini shark ganas. Kita banyak choices....peluang banyak lagi.
Master-Pack Group Bhd (Trading Buy) MASTER - a manufacturer of corrugated cartons which are fully recyclable - is set to capitalize on new business opportunities arising from the current pandemic, given the higher adoption rate in online shopping which translates to higher demand, especially from its customers in the Food & Beverage and Medical sectors (which supply essential items). Chart-wise, the stock has continued to close higher after plotting higher lows in the past 5 months to form an ascending triangle. With that, we believe the stock could be heading for a breakout. Our overhead resistance levels are pegged at RM2.25 (R1) and RM2.60 (R2), which represents potential upsides of +16% and +34%, respectively. Meanwhile, our stop loss level is set at RM1.70 (12% downside risk). Fundamentally, the group has experienced strong growth with its net profit growing by 5x to RM15.7m in FY19 over a period of 5 years while its balance sheet is strong, backed by net cash position of RM17.6m (or 32 sen per share) as of end-1QFY20. The stock is currently trading at an undemanding historical PER of 6.7x.
QR shd be out next week. Expecting good result as packaging materia is essential products when MCO and increasing of food deliveries during the period.
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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....
Upup168
487 posts
Posted by Upup168 > 2020-07-03 15:20 | Report Abuse
stay tune