Highlights
KLSE: PERSTIM (5436)       PERUSAHAAN SADUR TIMAH MALAYSIA PERSTIMA BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
4.59   0.00 (0.00%)  4.59 - 4.59  17,000
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Overview

Market Cap: 593 Million
NOSH: 129 Million
Avg Volume (4 weeks):33,916
4 Weeks Range:3.90 - 4.80
4 Weeks Price Volatility (%):
76.67%
52 Weeks Range:3.67 - 4.80
52 Weeks Price Volatility (%):
81.42%
Average Price Target: 3.50
Price Target Upside/Downside: -1.09
Stamp duty exempted for year 2022

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2022 [#1]  |  30-Aug-2022
Next QR | Est. Ann. Date: 30-Sep-2022  |  24-Nov-2022
T4Q P/E | EY: 8.18  |  12.22%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 4.2  |  1.09
T4Q NP Margin | ROE: 4.73%  |  13.36%

Headlines

Date Subject
07-Sep-2022 热门股:马镀锡工业 上挑RM5.06
03-Sep-2022 上升股:马镀锡工业 阻力RM4.64
19-Jun-2022 Perstima Philippines expansion

Business Background

Perusahaan Sadur Timah Malaysia Perstima Bhd is a Malaysia based company engaged in manufacturing and supplying of tinplate and tin free steel in domestic and export market. It has been equipped with a Halogen type Continuous Electrolytic Line. Coil products, cut sheet, scroll cut and tin free steel are the form of the products offered by the company. The group has two business segments based on the geographical locations, in Malaysia and Vietnam. The company operates in Malaysia, Vietnam and Other countries of which majority of its revenue from manufacturing and supplying is derived from Malaysia.
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  5 people like this.
 
Up_down Electrolytic tinplate market works in an oligopoly manner. It seems they have a common consensus in setting up a factory in each country of SEA.

Factory capacity per year
1. Perstima Malaysia - 200,000 mt
2. Perstima Vietnam - 120,000 mt
3. PT Pelat Timah Indonesia - 160,000 mt ( controlled by Nippon Steel)
4. Siam Tinplate Thailand - 140,000 mt ( controlled by Nippon Steel )
5. Perstima Philippines - 200,000 mt
06/05/2021 10:22 PM
Up_down Perstima is actually controlled by JFE Shoji, the second largest shareholder and the sole raw material (black plate) supplier. Electrolytic tinplate manufacturing does not require high capital intensive or technology skill. The high bearer of entry is to obtain reliability long term supply of black plate for producing electrolytic tinplate.
07/05/2021 9:07 AM
Up_down JFE Shoji and Nippon Steel don't sell the black plates to outsiders other than their related companies. It is highly capital intensive for setting up black plate production facilities as the products are typically catered to automobile and ship building markets. Black plate for producing electrolytic tinplate market is obviously too small in contributing to the turnover.
07/05/2021 9:18 AM
Up_down Information about the Philippines market as extracted from the funds raising in 2018:

1. Philippines has a population of approximately 100 million with no existing tinplate manufacturers
2. Tinplate in the Philippines are mainly sourced from other countries. (China, Korea & Japan)
3. The annual domestic demand is approximately 220,000 mt
07/05/2021 10:59 AM
Diamond7 Coming quarterly report should be good.
Hope they give 30 to 50 cents dividen
14/05/2021 3:02 PM
nextan Good QR results but why no declare any dividend?
26/05/2021 6:52 AM
lionel messi not no div but not yet. last year was in Jul
26/05/2021 8:40 AM
nextan This year 20 cents possible?
26/05/2021 10:01 AM
stockraider Perstima result is excellent mah!
26/05/2021 12:57 PM
stockraider Dividend will be declare later loh!
26/05/2021 12:57 PM
Bgt 9963 Post removed. Why?
04/07/2021 9:46 AM
stockraider Buy lah...blue chips...financial very strong...good dividend mah!
04/07/2021 12:50 PM
scenery Post removed. Why?
04/07/2021 2:11 PM
greenshoot propose a Final Single-Tier Dividend of 20.0 sen per ordinary share in respect of the financial year ended 31 March 2021
16/08/2021 3:30 PM
lionel messi Back to paying high dividend again after a one year break due to high capex requirement. If the upcoming 1st qtr result is good even in the middle of the pandemic, confirm it's a well managed, inelastic, monopolistic, low p/e and high dividend yield stock. Share price will explode. Cheers to all investors.
22/08/2021 9:15 AM
Bgt 9963 Post removed. Why?
22/08/2021 11:41 AM
lionel messi About the only issue with this counter is liquidity. There is very little free float. Even after their recent rights and bonus issue last year. Any big buyer put a squeeze on it, price will fly. But fundamentals are so so good.
28/08/2021 4:47 PM
stockraider Go for it

Just Buy lah!

Superb earnings growth mah!
29/08/2021 12:55 PM
lionel messi Thanks stockraider. Totally agree with you. This is a high growth and high dividend stock waiting to be discovered and explode. When their Philippines plant start to contribute in a big way very soon, earnings growth is going to be exponential. But it is so small cap and the sellers are so far and few in between. Cheers.
29/08/2021 4:41 PM
Richard Lee 20cents DIV not bad.
21/09/2021 1:05 PM
Sebastian Power Slightly disappointed with the QR yesterday. With higher REV but lower profit? What to do? this is the nature of business

Good potential with the demand of tin. Good chance to add more today. 20c DIV (assume RM4 purchased price translate to 5% interest liao)
22/09/2021 9:30 AM
kong73 New PERSTIMA tinning line in the Philippines expected to be operational by Q4-2021
Jan 20, 2021
Tenova reports that it has been contracted for a 200,000 tonnes/year new high-speed electrolytic tinning line with insoluble anodes by Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad, premier producer and supplier of high quality tinplate in South East Asia. This cutting-edge technology will be implemented in PERSTIMA’s plant in Batangas (Philippines). The electrolytic line is expected to be put into operation by Q4-2021.
The electrolytic combined tin-plating and tin-free steel line will work at 550 meters/minute at entry/exit and 420 at the process section, for annual production of 200,000 tons. The steel strip will be 550-1000 mm wide and 0.10-0.60 mm thick, and the line will process all the main grades of steel for a product mix which will satisfy the most recent demand of the high-quality market. A minimum tin coating thickness of 1.1 g/m2 is guaranteed.
The line is equipped with a dedicated section (cells and recirculation equipment) for the production of tin free steel process as well. Tenova will provide the state-of-the art automation with an enhanced Web-Based Level 2 and Roll Management Software to automatically schedule roll activities in the processing line.
“Tenova insoluble anodes technology will permit an easier handling of the process section with highest safety for the operators. Tenova developed an advanced system for the tin-dissolution reactors, achieving very low tin losses in the sludges. This represents a very positive aspect both for economic and environmental reasons”, affirmed Giuseppe Zanzi, Tenova Italimpianti & Strip Processing Sales Manager SEA & India.
“This new project will allow our customer to address the request of higher quality tinplate and TFS in the region, confirming our position in high-standards tin-plating market, after previous important contracts in Spain and in China, among the others”, affirmed Stefano Marelli, Tenova Global Sales Manager South East Asia.
Finally, a further improvement in the quality of the tin-plate has been achieved through the development of special edge-masks. These devices prevent the “white edge defects” due to tin overcoating at the edges while processing strips with different widths. In addition, Tenova edge-mask design guarantees easy inspection and access to the cell. Tenova Insoluble Anode Technology with IGBT Rectifiers globally permits a large operating saving in tin and electrical consumption, guaranteeing the top of quality.
06/10/2021 12:39 AM
kong73 2022 will be a good year with revenue from Philipine market realised
06/10/2021 8:30 AM
Richard Lee last day for 20cents DIV. Next year DIV confirm 50-100% more after Philippine in operation
06/10/2021 9:29 AM
kong73 Perstima is solid as a bull
06/10/2021 12:34 PM
Sebastian Power after exDIV macam sudah puncit
07/10/2021 3:20 PM
lionel messi Normal behavior of such small cap illiquid counter. No more excitement after div. Furthermore with poor recent quarterly result. Unless next qtr result is going to be good. Then some excitement with insiders slowly and quietly buying.
08/10/2021 12:01 PM
stockraider Potential more than 20 sen dividend for this share loh!
08/10/2021 1:26 PM
Diamond7 TIN prices were at $21,000 in Jan 2021.
It is now at $37,500 now.
The uptrending looks so strong.
24/10/2021 8:57 PM
lionel messi Diamond7, is this considered good or bad news for Perstima? Cheers.
25/10/2021 12:19 PM
Richard Lee time to wake up! All my other stock up for a month only this drop for a month
25/10/2021 2:14 PM
PassionateInvestor @lionel messi, according to an article by thedegemarkets a few years ago, it'll negatively impact Perstima profits.
https://www.theedgemarkets.com/article/boon-and-bane-rising-tin-prices
25/10/2021 6:45 PM
Sebastian Power if tin price up then Perstima also can increased selling price lo. Important the order book need soar when the Philippine market in full capacity
25/10/2021 7:29 PM
lionel messi Thank you Passionate and Sebastian. Great info.
26/10/2021 12:15 PM
Richard Lee up or down determined by operator. We ikan bilis only need to have some luck. Hahahaha!!!
26/10/2021 3:18 PM
Sebastian Power Not looking good because Everyday people waiting to sell only.

too bad I dont have extra bullet to buy again now. Waiting for dividend to bank in then can buy a bit more
27/10/2021 2:46 PM
RainT this one can buy ? being main reasons is Philippines expansion ??
08/11/2021 4:04 PM
Richard Lee need to be prepared if you want to beli because this useless counter only up one day then drop one month. Hahahah!
09/11/2021 2:39 PM
lionel messi wow, volume was unusually high yesterday with sharp rise in price. good results and div coming?
17/12/2021 11:23 AM
danchong volume coming. Hope for good QR & dividend
11/02/2022 1:51 PM
lionel messi Insider trading?
11/02/2022 4:16 PM
Diamond7 Up up...
Good fundamentals
Coming quarterly report will be excellent
11/02/2022 4:34 PM
kimchuant8 No dividend this year. Philippines factory start production. Expected break even in 3 years.
25/08/2022 10:15 PM
idunwork Very good qr
30/08/2022 6:53 PM
UnicornP TO-Price must go 4.30-4.4
30/08/2022 11:45 PM
nextan 5.00 coming soon
31/08/2022 9:16 AM
idunwork Up 18% already but still very few sellers
05/09/2022 10:12 PM
moneymoneycom https://www.youtube.com/watch?v=7owmL2sT7zE&t=38s
06/09/2022 5:02 PM
nextan Bonus is coming
06/09/2022 7:53 PM
UnicornP Wait one or two lots
14/09/2022 4:39 PM


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