ORNA - providing corrugated boxes and flutes packaging.
- Market Cap: RM79mil
- Last price: RM1. 05
- EPS: 17.55 cents. Just a quick conversion *8.1 to determine the intrinsic value = RM1.42 (undervalue)
- PE Ratio: 5.98 OK
- ROE: 7.44
- NTA: 2.36 (Undervalue)
- Financially, the company has been in positive net profit since 2012, with positive year on year growth since past 3 quarter.
Catalyst remain the same with the increase in demand from the recovery of COVID-19 and increase in online purchasing eversince lockdown period, I believe the demand for the packaging is surging. In fact, Poslaju recently told that their daily demand increased to almost 750k per day. That's a whopping huge number.
You may check previous post on MASTER and PPHB below.