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