Thursday, April 29, 2021

Orna Paper Berhad ORNA Code 5065

Stock Name : ORNA
Code: 5065

Nature of Business: Manufacturing of corrugated boards and cartons boxes (paper packaging), paper based stationery products as well as provision of logistic services

Low PE (
MCO affected group earning in 20Q1 and 20Q2, revenue and net profit seems recovering since 20Q3, compared pre-pandemic notice there is some net profit growth, quoted due to higher sales volume and selling prices)

Dividend -
1.8-2%

Net asset: Price below Net Asset
Debt to Equity: 0.68
Current Ratio: OK

Pseudo-DCF (10%, 10 years period):
1.92-2.63
Technical: 1.56-1.58  
Overall: Amber (due to lower dividend yield)  

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