Please take note - Contra Picks: Bright hit a high of RM0.525. I sticked to my contra trade plan and have taken profit at RM0.53. Although the volume appears to be still upwards trending, please remember to set your own trailing stop.
OneofthelargestaluminiumfoilpackagingplayersinAsiapacific.Listed in 1996, Bright Packaging (BRIGHT) is a regional FMCG (fast moving consumer goods) packaging company involved in printing and manufacture of aluminium foil packing materials, packaging boxes and materials, serving the tobacco, liquor, confectionery and pharm aceutical industries. Diversified exports markets with reputable clientele. More than 90% of its products are exported to Germany, UAE, Australia, Korea, India, Pakistan, China, Thailand, Indonesia, Singapore, Philippines, Vietnam, Hong Kong and Taiwan. Major clients include Philip Morris and its affiliates, Marlboro, Dunhill, Lucky Strike, Kent, Pall Mall and Benson & Hedges. In the household goods and beverage segments, the group supplies to Johnnie Walker, Chivas Regal and various affiliates of Diageo, Unilever and Procter & Gam ble. Better outlook for FY2015. According to the Edgedaily, BRIGHT’s Chairman Datuk Seri Syed Ali Abbas Alhabshee highlighted that the group is eyeing to double its revenue for FY15 to RM68m, driven by diversifying its market shares to other tobacco customers such as British American Tobacco and Japan Tobacco International, and expanding into the Russian market. To recap, on Jan 16, 2015, the company secured a 2-year contract worth US$15m with ZAO Philip Morris Izhora, a Russia-based affiliate of Philip Morris. The Russian tobacco manufacturer currently operates Philip Morris’ second-largestproductionfacilityin the world. Undemanding valuations with strong netcash per share of RM0.20 (accounted for 43% of share price). We believe the market may have undervalued the stock, as valuation is undemanding at 0.63x P/B (i.e. 48% below industry average of 1.21x and 30% below 10-year average P/B of 0.9x). We think such valuations have provided sufficient margin of safety and cushion further share price decline
Please note - Contra Picks: Bright hit a high of RM0.55. I sticked to my contra trade plan and have taken profit at RM0.545. Although the volume appears to be still upwards trending, please remember to set your own trailing stop.
minglol, ESOS is employee share option scheme which means they offer share for their staff to purchase at a "offer" price so 0.62 - 0.555 = 0.065 where this share has a room to go further with this ESOS price stated
Study the company annual and quater report and do your own reseach on how this company business operation with current maket situation and trend than make your own judgement on your study. Remember look at the big picture not small corner
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....
tan damien
124 posts
Posted by tan damien > 2015-04-13 20:45 | Report Abuse
Chartwise overall uptrend though some negative indicators in midst. As tradeview, hope it break 0.52.