{"id":6403,"date":"2015-08-03T10:38:21","date_gmt":"2015-08-03T10:38:21","guid":{"rendered":"http:\/\/staging109.reinatech.info\/bpplas\/?p=6403"},"modified":"2021-05-30T08:24:52","modified_gmt":"2021-05-30T08:24:52","slug":"stock-with-momentum-bp-plastics-holding-2","status":"publish","type":"post","link":"https:\/\/www.bpplas.com\/stock-with-momentum-bp-plastics-holding-2\/","title":{"rendered":"Stock With Momentum: BP Plastics Holding"},"content":{"rendered":"
[vc_row][vc_column][vc_wp_text]BP Plastics (Fundamental: 2.5\/3, Valuation: 1.4\/3) was first featured as InsiderAsia\u2019s <\/span>Stock of the Day last November. The stock has since risen by 24.5% to close at a 3-<\/span>year high of 99.5 sen last Friday.<\/span><\/p>\n For 1Q2015, despite a 7.7% y-o-y decline in revenue to RM66.8 million, net profit grew <\/span>7.3% to RM3.4 million, boosted by lower resin costs.<\/span><\/p>\n One of the largest polyethylene (PE) film manufacturers in Asia, BP Plastics supplies <\/span>stretch films, shrink films and other PE packaging films and bags to 51 countries. Export <\/span>accounted for some 78% of sales in 2014.<\/span><\/p>\n It has a debt-free balance sheet with net cash of RM58.5 million at end-March, or 32.6% <\/span>of its market capitalisation.<\/span><\/p>\n The company has a history of rewarding shareholders with dividends. Dividend for 2014 <\/span>totalled 6 sen per share, giving an above-market yield of 6.0%. Last month, it paid a <\/span>special dividend of 2 sen for 2015.<\/span><\/p>\n [\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column][vc_wp_text]BP Plastics (Fundamental: 2.5\/3, Valuation: 1.4\/3) was first featured as InsiderAsia\u2019s Stock of the Day last November. The stock has since risen by 24.5% to close at a 3-year high of 99.5 sen last Friday. For 1Q2015, despite a 7.7% y-o-y decline in revenue to RM66.8 million, net profit grew 7.3% to RM3.4 million, boosted by lower resin costs. One of the largest polyethylene (PE) film manufacturers in Asia, BP Plastics supplies stretch films, shrink films and other PE packaging films and bags to 51 countries. Export accounted for some 78% of sales in 2014. It has a debt-free balance sheet with net cash of RM58.5 million at end-March, or 32.6% of its market capitalisation. The company has a history of rewarding shareholders with dividends. Dividend for 2014 totalled 6 sen per share, giving an above-market yield of 6.0%. Last month, it paid a special dividend of 2 sen for 2015. [\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,64],"tags":[],"class_list":["post-6403","post","type-post","status-publish","format-standard","hentry","category-media-news","category-the-edge","post-no-thumbnail"],"yoast_head":"\r\n