Thanks a lot R40s & PassiveIn_Stock for all the valuable information pertaining to this counter....one last question .... what will be the expected figure/stock price for Year 2017, 2018 ect..... as a rough guideline for myself.
been eyeing this Tomypak before the bonus announcement made. Finally add some tiny portion and hope i make a wise choice :) Shall continue monitor the trade and company perform after the split.
Btwn, thumbs up to those who share positive informations :)
All resolutions have been approved with 100% agree by shareholders. Include share split and bonus issue. Looking forward entitlement within two weeks time.
Review of Performance: For the 3 months period ended 31 March 2017, the Group achieved a turnover of RM53.92 million compared to RM51.36 million for the same period last year, an increase of 4.98%. This was attributed to the increase in demand from both local and overseas customers. The Group recorded a higher pre-tax profit of RM6.68 million against the pre-tax profit of RM4.66 million in the previous corresponding period. This increase was mainly due to : a) the increase in the demand from customers; b) improved cost of production in this quarter as compared to the 1st quarter of previous year; c) the Group recognised lower foreign currency loss of RM0.19 million compared to RM0.71 million in the previous corresponding period.
For the 3 months period ended 31 March 2017, the Group achieved a turnover of RM53.92 million compared to RM51.17 million for the preceding quarter, an increase of 5.37%. This was mainly attributed to the increase in demand from both local and overseas customers. The Group however reported a lower pre-tax profit of RM6.68 million compared to a pre-tax profit of RM7.36 million in the preceding quarter, a reduction of 9.3%. This was mainly due to the Group recognising foreign currency loss of RM0.19 million in the current quarter compared to foreign currency gain of RM1.09 million in the preceding quarter. The Group recorded profit after tax of RM6.25 million compared to profit after tax of RM6.26 million in the preceding quarter, a very marginal decline of 0.24%. The Group enjoyed lower effective tax rate in the current quarter compared to the preceding quarter due to the higher reinvestment allowances in year 2017.
Prospects Going forward, the Group will continue to focus on its core business of manufacturing and marketing of flexible packaging materials. The Group will continue to leverage and build on its strong reputation in the market as a consistently reliable partner delivering quality packaging materials to its wide ranging customers competitively. With the completion of the new plant at the end of March 2017, the full operation of more advance and efficient printing and lamination machines in second quarter of 2017, the impending comprehensive realignment of both existing and new plant as well the upgrading of all supporting functions, the Group expects performance to improve.
Good financial result for me. Increase sales, revenue, improve cost of production and lower tax rate. Pbt improve a lot. Dividend still 2 sen even though almost 50% share more in 2017Q1. Up to 2017Q1, Company have spend more money at construction for new factory and purchase machine etc. Looking positive towards 2017Q2.
Thanks, pc_FA. The new plant and ptoduction facilities were geared in response to the manufacturing limitations of the old facilities. Moving forward, the company is more endowed with the means to meet customer heightened needs and stay competitive among its rivals.
When it was trading rm 2.20 , a lot of -vet comments to discredit it . Ironically when it moves up we can see lots of praises.... this is real human factor . This one is a real fundamentally strong stock , u can see the chart it has transformed like it is today. It was n is moving a straight way up the ladder . Only those who r displined supporters can achieve that,
Prospects Going forward, the Group will continue to focus on its core business of manufacturing and marketing of flexible packaging materials. The Group will continue to leverage and build on its strong reputation in the market as a consistently reliable partner delivering quality packaging materials to its wide ranging customers competitively. With the completion of the new plant at the end of March 2017, the full operation of more advance and efficient printing and lamination machines in second quarter of 2017, the impending comprehensive realignment of both existing and new plant as well the upgrading of all supporting functions, the Group expects performance to improve.
Mike, 7285 is a very good counter for longer term investment. Wait till Q3, when the plant is running at their full capacity...wow tas even wonderful. Hold it if i were u
Hero666, thanks for ur advise. Ur msg absolutely correct as this is good counter. Later i will come bck once my fund back from other counter like lionind n masteel.
Got your point, rocky77. That is quite a dated article commented by Nigel Foo, and should have no bearing to the current Tomypak.
@leslieroycarter: rocky77 is basically mocking Nigel Foo for the comments made in the old article. I don't think he/she has the intent to mislead others. :)
See below extract from the article:
The research firm’s analyst Nigel Foo said Tomypak’s higher profit which is not backed by revenue growth is “unusual”.
“Management attributed the profit recovery to production efficiency and better cost control,” he said.
“If we stripped out the RM1.6 million reversal of slow moving inventory, 1QFY15 core net profit is RM4.2 million, 24% lower than the reported RM5.3 million net profit,” he added.
Foo also said since mid-2013, Tomypak’s quarterly revenue has been on a downtrend and therefore, the sharp increase in profit margin since the third quarter of financial year 2014 (3QFY14) results was “surprising.”
Daiboci today closed at 2.75 with market cap of 748m and roiling PE of 31.47. Tomypak closed at 2.60 with market cap of 433m and roiling PE of 20.45. At PE of 25, Tomypak worth 3.18.
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....
MamaCat
69 posts
Posted by MamaCat > 2017-05-16 11:17 | Report Abuse
Thanks a lot R40s & PassiveIn_Stock for all the valuable information pertaining to this counter....one last question .... what will be the expected figure/stock price for Year 2017, 2018 ect..... as a rough guideline for myself.