mahsyarsaid

ORNA - Possibly the next big win from surge in demand

Long
MYX:ORNA   ORNAPAPER BHD
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Yesterday I posted on consumer product related companies i.e. MASTER and PPHB , both companies are in the same sectors providing packaging services for products out there. Today is just another one company in the same sector.

ORNA - providing corrugated boxes and flutes packaging.

Fundamentally
  • 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.

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