Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on May 21, 2018

NTPM Holdings Bhd (-ve)

SHARES in paper product manufacturer NTPM Holdings Bhd (fundamental: 1/3, valuation: 1.4/3) triggered our momentum algorithm last Friday for the first time this year.

The stock closed two sen or 3.25% higher at 63.5 sen, after 1.83 million shares were traded, exceeding its 200-day average volume of 631,465 shares.

NTPM’s net profit dipped 35% year-on-year (y-o-y) to RM10.05 million from RM15.5 million due to higher raw material prices for its third quarter ended Jan 31, 2018

There was a 6% y-o-y improvement in revenue to RM181 million from RM170.37 million, due to an increase in tissue sales and personal care products.

At the current share price, the group is trading at 1.56 times its book value, with a market capitalisation of RM713.2 million.

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