ORNA - Possibly the next big win from surge in demand

Yesterday I posted on consumer product related companies i.e. MASTER and PPHB, both companies are in the same sectors providing packaging services for products out there. Today is just another one company in the same sector.

ORNA - providing corrugated boxes and flutes packaging.

Fundamentally

• Market Cap: RM79mil
  
• Last price: RM1.05
  
• EPS: 17.55 cents. Just a quick conversion *8.1 to determine the intrinsic value = RM1.42 (undervalue)
  
• PE Ratio: 5.98 OK
  
• ROE: 7.44
  
• NTA: 2.36 (Undervalue)
  
• Financially, the company has been in positive net profit since 2012, with positive year on year growth since past 3 quarter.
  

Catalyst remain the same with the increase in demand from the recovery of COVID-19 and increase in online purchasing eversince lockdown period, I believe the demand for the packaging is surging. In fact, Poslaju recently told that their daily demand increased to almost 750k per day. That's a whopping huge number.

You may check previous post on MASTER and PPHB below.