Agree with R40s, looks like company feel the company should worth more than 94 cents. Just like last year the company did shares buy back at ~RM1.60, few months later the price shoot up to RM2.2x then RM2.5x. Lets wait for the show again.
@ hero666, thanks for sharing this Maybank IB full report, it's very detailed and informative...
They are "Conservatively Optimistic" about Tomypak's next 3-5 years growth in production capacities, utilization rates, revenues and profits CAGR, and NPM improvements, etc...
But they also clearly show that their forecasts are somewhat below the market consensus, not sure whose consensus are they comparing to, as the other IB reports we know of, CIMB is ridiculously pessimistic and Kenanga is neutral but too conservative, both give much lower forecast which did not do justice to Tomypak's expansions which are on-track and are giving very promising results with the new Senai factory already in production, just awaiting full certification by international bodies which would enable them to get bigger orders from MNC clients, currently limited by the old factory's constraints...
Company keep buying back shares at 0.94-0.95 level, the price remain stagnant and consolidate with thin trading volumes for over 1.5 months... If the price cross above SMA-50 @ 0.965 with high volumes, then the uptrend should begin...
34.78% of ESOS Options offered (at RM 0.58) has been listing, left 90,000 units; 99.70% of ESOS Options offered (at RM 0.60) has been listing, left 12,038 units; 0.00% of ESOS Options offered (at RM 0.87) has been listing, left 5,130,000 units;
Only genuine company n good management will treat staff well ... their hard work to make the company better . We just hope Company make more n more money ...
stay cool, at least the common TP of 1.05 is more or less achieved, while higher breakout may need further time to burst, 2-3yrs la. However, i do hope there's miracle to fry this counter up hahahaha
Hero666 No need hope. We buy tomypak for its company, management and expension. This counter for investor or patient people. If u want to goreng buy other counter. Lol
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....
ampabella
1,378 posts
Posted by ampabella > 2017-10-05 14:21 | Report Abuse
this counter is not for goreng, must keep many many years only can see some result