<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on January 6, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>BP Plastics Holding Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SHARES of BP Plastics (Fundamental: 2.5/3, Valuation: 1.7/3) saw active trading yesterday, rising by 4.55% to close at RM1.84. &nbsp;Some 3.1 million shares changed hands, compared to its average 200-day trading volume of 0.4 million shares.</p></div>

<div class=newsTextDataWrapInner><p>BP Plastics was last featured in ‘Stocks with Momentum’ back in October 9, 2015 and had risen by 31.4% ever since. The company is one of the leading producers of industrial plastic packaging bags and stretch film in the country.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>For 3Q2015, revenue fell 5.6% y-y to RM202.4 million, hurt by weakened domestic demand following the implementation of GST. Net profit, however, grew by 76.0% to RM13.8 million, thanks to better product mix and higher process efficiencies.</p></div>

<div class=newsTextDataWrapInner><p>The company pays dividend consistently. The dividend totalled 5 sen per share for 2015, giving a dividend yield of about 2.7%.</p></div>

<div class=newsTextDataWrapInner><p>As at end-September, the company had net cash of RM42.0 million.</p></div>

<div class=newsTextDataWrapInner><p><img alt="bp-plastic_swm_fd060116_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/bp-plastic_swm_fd060116_theedgemarkets.png" style="height:877px; width:666px" /></p></div>


This article first appeared in The Edge Financial Daily, on January 6, 2016.

 

BP Plastics Holding Bhd (-ve)

SHARES of BP Plastics (Fundamental: 2.5/3, Valuation: 1.7/3) saw active trading yesterday, rising by 4.55% to close at RM1.84. ...

Stock With Momentum: BP Plastics

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