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Monday, March 13, 2017

NTPM: Earnings Dipped Marginally

Result Update

For QE31/1/2016, NTPM's net profit increased by 4% q-o-q or 33% y-o-y to RM17.7 million while revenue was increased by 6% q-o-q or 13% y-o-y to RM161 million. Revenue increased 3.7% q-o-q by RM6.2 million while profit before taxation increased by 5.1% q-o-q or RM1.1 million. The increase in profit before taxation was mainly attributable to higher sales revenue.

 
Table: NTPM's last 8 quarterly results


Graph: NTPM's last 46 quarterly results

Valuation

NTPM (closed at RM0.85 last Friday) is now trading  at a PE of 18.9 times (based on last 4 quarters' EPS of 4.5 sen). At this PER, NTPM is deemed fairly valued.

Technical Outlook

NTPM is in a medium-term upward channel, with support at RM0.85. It is also in a long-term uptrend line since 2006.


Chart 1: NTPM's daily chart as at Mar 10, 2017 (Source: MalaysiaStock.Biz)


Chart 2: NTPM's monthly chart as at Mar 10, 2017 (Source: MalaysiaStock.Biz)

Conclusion

Based on satisfactory financial performance & positive technical outlook, NTPM is a good long-term investment.

Note:

I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.

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