,KUALA LUMPUR: A buying opportunity could have opened up for investors in NTPM Holdings Bhd following its decline in share price and improving fundamentals, says RHB Research.In a report following the release of the group's 3QFY21 results, RHB said the current valuation has overlooked the fundamental improvements in the turnaround of its Vietnam operations as well as its deleveraging balance sheet.It added that while raw material costs should gradually increase from 1QFY22 onwards, management has introduced a price increase to take effect from May to mitigate the impact."Management believes any further rise from current pulp prices will be a spike, with industry players putting up resistance – as a further rise would lead to operation losses."That said, we believe NTPM is in a strong position to withstand the headwinds, given its market leadership in Malaysia and improving balance sheet, with its net gearing now moderated to 0.7x from 0.96x in FY20," it said.RHB maintained its "buy" call on NTPM with a lower target price of 92 sen, from RM1.03 previously.It said the 9MFY21 results were broadly within expectations with core net profit of RM345.5mil, which came to 82% of its full-year forecast.
if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.