NTPM (5066)
Sector: Consumer Prod & Svcs
Sub-sector: Household Goods
Outlook: Pending breakout MYR0.86
Levels: MYR0.90, MYR0.99
Exit: MYR0.79
(time frame: 2-4 weeks)
Sector: Consumer Prod & Svcs
Sub-sector: Household Goods
Outlook: Pending breakout MYR0.86
Levels: MYR0.90, MYR0.99
Exit: MYR0.79
(time frame: 2-4 weeks)
Inari Amertron (0166)
Sector: Technology
Sub-sector: Semiconductors
Outlook: Pending breakout MYR2.65
Levels: MYR2.75, MYR3.00
Exit: MYR2.50
(time frame: 2-4 weeks)
Samchem (5147)
Sector: Industrial Prod & Svcs
Sub-sector: Chemicals
Outlook: Breakout MYR1.09
Levels: MYR1.18, MYR1.23
Exit: MYR1.05
(time frame: 2-4 weeks)
Scope Industries (0028)
Sector: Industrial Prod & Svcs
Sub-sector: Industrial Materials, Components& Equipment
Outlook: Breakout MYR0.285
Levels: MYR0.31, MYR0.335
Exit: MYR0.255
(time frame: 2-4 weeks)
Technical tracker - HLIB Retail Research – 18 Dec 2020
DPIH (RM0.285 – Not-rated) - Anticipate a strong growth in FY21, backed by a solid NCPS of 11sen
With a reputable track record over 38 years as an aerosol manufacturer, DPIH is well-positioned to compete more aggressively in the international markets (export sales only accounted for 19% in FY20) in anticipation of rising demand for aerosol paint products, which is spurred by continuous urbanisation and motorisation, trade diversion from China to SEA, as well as rising outsourcing amid the high compliance cost related to the manufacturing of aerosol products in developed countries.
Management is cautiously optimistic of stronger FY21 earnings (1QFY21 earnings already accounted for 55% of FY20 earnings) amid rebranding and expanding OBM product lines, improving OEM prospects amid rising exports growth coupled with improving operating efficiency and cost control
Valuation is undemanding at 16.3x trailing P/E (39% below peers). Ex-cash of 11sen, PE is only at 9.7x.
Trend Potential downtrend reversal amid hammer formation
R1-R2: 0.30-0.33
LT objective: 0.37
S1-S2: 0.275-0.255
Cut: 0.25
