BPPLAS has been climbing up slowly in the past few months from bottom price of RM1.13. The latest quarter result showed improvement on Q2Q basis. In my opinion two quarters profit on the rise is a very good signal for better result.
Resin price is stable and company has managed to pass on the
cost to customers. This is showed in the profit margin improvement (from 4.9%
to 7.1% to 8.9%).
Chart wise has shown exciting signal. It is bullish ascending
triangle with a breakout! Company has
zero debt and pays dividen every quarter.
I am taking the risk to up the stake! Haha ..sounds like playing poker game!
