Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
-> Covid 19 had increased the world logistic demand hence the demand of PE films and Bag had increased.
-> BPPLAS provides PE films and bag for food and beverage which is essential business hence its manufacturing plant is able to operate during Movement Control Order with compliance of SOP set by the Government of Malaysia.
-> Since 71.14 % of BPPLAS revenue are from export, the increasing of container cost over the world after convid 19 might affect the profit of BPPLAS.
-> BPPLAS had nett currency exposure of US dollar of - RM 27,538,255, strengthening of USD after March 2021 would decrease the profit of BPPLAS.
-> Investment on the new 9th Cash Stretch Film Machine expected to be completed by the end of 2021.
-> One of the manufacturing plant had close down for 10 day on March 2021 due to Convid 19 cases. This might affect the production and revenue of BPPLAS.
-> BPPLAS had low growth in revenue over the 5 year period however its net profit is growing at 10.66 % which indicated the management had done well in cost management.
-> Despite pandemic BPPLAS manage to control its trade receivable past due at 19.85% in 2020.
-> BPPLAS has no debt and is cash rich. 67.60 % of the 2020 cash balance is in a short term investment fund earning interest of 2.52 %.
-> BPPLAS had increase its trade payable from RM 34,163,325 in 2019 to RM 68,582,231 in 2020 mainly due to increase of their purchase in raw material in 2020. BPPLAS manages to purchase more raw material in 2020 when the raw material price is low. There is less concern on the increase of trade payable because BPPLAS had RM 84,0466,187 in cash and short investment which was able to pay their supplier.
-> BPPLAS is trading at 12% discount from TGUAN P/E and 49 % discount from SLP P/E and has a dividend yield higher than 10 years Malaysia Government Bond over the past 5 years.
