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When you look at Tomypak 2023 performance, don't be misled by the high profits. This was due to a one-off insurance claims. Excluding these, on an operating level, its past decade returns is just abou the same as those of my reference packaging companies - New Toyo and Canone. I would not be excited by this stock from a fundamental perspective. For details of New Toyo https://www.i4value.asia/2022/03/has-new-toyo-move-beyond-being-cigar.html#more
While you might say this stock is in downtrend, the quarter results been disappointing, but note that this company is in deep net loss position back in financial year 2019, that time its price was around RM0.500 also. But now, given improved financial results, quarter results that gave a net profit, and best part, its price is still around RM0.500. Don't you think that is a bargain itself?
Execution plan (Long term, no TP or CL since it is long term):
Entry: RM0.500
A lower level of support could be seen at RM0.460. Chipped in only a small amount at this moment in view of possible shock for political issue in Malaysia.
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