Tomypak Holdings - An unstable package

Stock Name: TOMYPAK
Company Name: TOMYPAK HOLDINGS BHD

Research House: CIMB

Price Call: BUY

Target Price: 1.34

Target RM1.34

Tomypak's 23% results shortfall in FY11 and 45% decline in 4Q11 earnings paled in comparison to its peer, Daibochi. This surprised us given its superior margins in the past few years. Fortunately, the share price downside risk is capped by its 6-7% net dividend yield.

Source: CIMB Daybreak February 29, 2012, Full PDF Report