Tomypak has just announced its quarterly results for QE30/6/2012 where its net profit increased from RM2.8 million to RM5.5 million while revenue rose marginally from RM55 million to RM56 million. For 1H2012 ended 30/6/2012, its net profit increased from RM5.76 million to RM8.99 million while revenue rose marginally from RM106 million to RM108 million. The company attributed the higher bottom-line to better sales mix. Tomypak (at RM1.14) is now trading at a PE of 7 times (based on annualized EPS of 16.5 sen).
Based on technical breakout & fairly attractive valuation, Tomypak could be a good trading BUY.
Chart 1: Tomypak's weekly chart as at August 14, 2012 (Source: Quickcharts)
Chart 2: Tomypak's monthly chart as at August 14, 2012 (Source: Tradesignum)
i believe Tomypak good trading buy....
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