NTPM
Ntpm Holdings Berhad
Company Background
$NTPM / 5066 (NTPM HOLDINGS BERHAD) hmmmm... seems interesting its moving today albeit a low volume
it could possibly be due to decrease in raw material imports
which in turn improve profit margin
put in watch list see see can perform by next quarter or not
or maybe people is just hoarding toilet paper again with the number of natural disasters happening around...
Quarterly rpt on consolidated results for the financial period ended 30/04/2024
OTHERSNTPM HOLDINGS BERHAD ("NTHB" or "the Company")
- REVALUATION OF PROPERTIES
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MR LEE SEE JIN
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR LEE SEE JIN
Quarterly rpt on consolidated results for the financial period ended 31/01/2024
$NTPM / 5066 (NTPM HOLDINGS BERHAD)
Research by CGS CIMB
Hold (Previously: Add) – Target Price RM0.38
“Moving from costs issues to price pressures”
■ Stiff competition from foreign players for kitchen towel and toilet roll products to lead to core loss in FY4/24F before rebounding in FY25F/FY65F.
■ Despite cost stabilisation playing out as expected, our thesis of margin recovery is hampered by lower selling prices of toilet rolls and kitchen towels.
■ Downgrade to Hold, with a lower GGM-based TP of RM0.37. This note marks the transfer of coverage to Lew Cheng Wei.
Analysts:
LEW Cheng Wei
chengwei.lew@cgs-cimb.com
Prem JEARAJASINGAM
prem.jearajasingam@cgs-cimb.com
NTPM - Notice of Book Closure
First Interim Dividend
Quarterly rpt on consolidated results for the financial period ended 31/10/2023
NTPM Holdings Bhd’s margins are expected to continue widening in upcoming quarters as raw material costs stabilise and stronger demand for its products lead to higher capacity utilisation.
$NTPM / 5066 (NTPM HOLDINGS BERHAD)
Research by CGSCIMB
Add (no change) – Target Price RM0.75
“Keep a lookout for a better 2QFY4/24F”
• We deem 1QFY4/24 core net profit of RM0.6m in line with our full-year core net profit forecast of RM25m as we expect margins to widen from 2QFY24F.
• Sequential operating margin recovery leads us to believe that stable pulp prices and higher capacity utilisation will drive FY24-26F EPS CAGR of 63%.
• Reiterate Add, with an unchanged GGM-based TP of RM0.75.
Analyst:
Prem JEARAJASINGAM
prem.jearajasingam@cgs-cimb.com
KUALA LUMPUR: NTPM Holdings Bhd will likely return to positive earnings in FY24 from higher volume sales of tissue paper products, normalisation of gross margins and stabilising raw material prices.
© New Straits Times Press (M) Bhd
$NTPM / 5066 (NTPM HOLDINGS BERHAD)
Research by CGSCIMB
Add – Target Price RM0.75
“Wiping the worst away with margin recovery”
• We upgrade NTPM to Add from Hold, with a higher TP of RM0.75. NTPM’s mid-term recovery has not been priced in at current valuations, in our view.
• We see stabilising pulp prices and higher utilisation rates for its tissue paper products capacity driving an FY24-26F EPS CAGR of 63%.
• Our GGM-based (prev P/BV-based) TP valuation of RM0.75 implies a 13x FY4/26F P/E, similar to its pre-2018 mean.
Analyst:
Prem JEARAJASINGAM
prem.jearajasingam@cgs-cimb.com
$NTPM / 5066 (NTPM HOLDINGS BERHAD)
Quarterly rpt on consolidated results for the financial period ended 31/07/2023
General Meetings: Outcome of Meeting
GEORGE TOWN: NTPM Holdings Bhd will continue to expand and improve its distribution channels in Malaysia and abroad in its effort to further grow and enhance its market presence, says group chairman and managing director Lee See Jin.
Annual Report & CG Report - 2023
NTPM HOLDINGS BERHAD PART A - CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED NEW SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE PART B - STATEMENT TO SHAREHOLDERS IN RELATION TO PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY
General Meetings: Notice of Meeting
MULTIPLE PROPOSALSNTPM HOLDINGS BERHAD ("NTHB" or "the Company")
(1) Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue Or Trading Nature ("Proposed New Shareholders' Mandate")
(2) Proposed Renewal of Share Buy-Back Authority
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSNTPM HOLDINGS BERHAD ("NTHB" or "the Company")
- RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
OTHERSNTPM HOLDINGS BERHAD ("NTHB" OR "THE COMPANY")
-REVALUATION OF PROPERTIES
Quarterly rpt on consolidated results for the financial period ended 30/04/2023
Change in Boardroom - MR NISHANT GROVER
Change in Nomination Committee - DATO' DR JUITA BINTI GHAZALIE
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PREMIER INVESTMENT LIMITED
NTPM Holdings Bhd is in a good position to chalk up higher earnings ahead as the decline in raw-material prices is expected to drive margin improvement ahead.