Tomypak (7285) - Better Earning Ahead

Flexible Packaging is no longer perceived as a simple wrapping material, but as a decorative, protective and presentable tool to consumers while on display in the market.

Tomypak Berhad being one of the leading converters for flexible food packaging materials in Malaysia, we believe in the continuous introduction of new technologies and facilities. Coupled with veteran personnel equipped with professional skills and customer oriented services, be assured quality satisfaction in your flexible packaging material needs.

• Established in 1979
• Public listed on the Malaysia Stock Exchange ( Bursa ) in 1996
• 1st HACCP certified flexible packaging materials company in M'sia since 2003
• Workforce consist of a strong 400 employees
• Built Up Area 14,018 square metres

 

 

 The company has a strong client based,


Latest quarterly Earning,

In the latest 3 quarter result, the company showing strong improvement and look like coming quarter which will announce around August  can simply improve 300-500%  due to last year same quarter having a weak result which is 0.75sen eps.


RHB research has forecast the company earning ,

Rhb research has targeted the company earning for FY2015 is 14sen which mean at current price Rm1.65, the company is trading at PE 11.71 for FY2015 and PE 10.25 for FY2016.

Where the company major competitor Daiboci (8125) currently is trading at around PE20 times!



During the AGM this year,

The company also stated this year (2015) will be an excellent year for the company.



Chart,

In the above chart, the company show a very strong support at around Rm1.60 level and standing strong above MA80 line. After KLCI index few times drop, the share price also standing strong at Rm1.60 level. I believe is very low risk to enter during this consolidation period.



Latest Target Price by Research Firms,

RHB - TP Rm2.17
Kenanga- TP Rm1.88


My target Price - Rm1.89




Happy Trading!

Regards,
Nick Loke