Quarter report released date:24 Feb 2017
Business
- Packaging industry
- 小型资本包装供应公司
Businss strategies
- enhancing operational efficiency, reducing cost and improving service delivery
Revenue sources
- Manufacturing ( Manufacturing and retailing of corrugated cartons, packing materials, gift and display box)(96%)
- Trading (Trading of paper products, design and sale of paper. )
- Properties
Financial performance
- Revenue increased 3.2% (yoy);7.34% (qoq)
- Revenue and net profit achieved second higher
- Gross profit margin 19.31%, last year corresponding quarter 15%
- Revenue from manufacturing increased 4.98% from RM37mn to RM42mn was due to increase in sales volume (Market demand increased and cutting cost activities).
- Liabilities considers low
- Revenue increased 3.3%, net profit increased 13.9% (compared with FY15 and FY16)
- the company has expanded its operations to Singapore, Philippines, Indonesia, Thailand and China
- Manufacturing sector constantly increase in sales
Share price
- RM1.05 (13/3/2017)
- Support level: RM0.95/RM0.925
- Resistance level: RM1.17/RM1.065/RM1.025
- 因为业绩表现好，股价被追高，现在进被调整亏损机会大
- 如果下一季业绩跌，PE给6-7，现在的股价已经反应未来
- 如果下一季业绩好，给EPS:5.5, PE:7, 股价RM1.12 (上升空间6.6%)
Factors that will affect PPHB
- The declining of Ringgit Malaysia against the US dollar also led to a rise in manufacturing and operating costs.
- Weakening of RM will benefit the group
Risk
- didn't pay dividend
- reasonable PE is around 6-8,because PPHB did not pay dividend
- not much info are disclosed
Reference
http://bblifediary.blogspot.my/2016/07/pphb.html
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