--慕达由林氏家族所持有，年届82的主席丹斯里林源德，直接及间接持有41.17%股权。
控制慕达控股20.02%股权的亚洲文件夹有限公司 ASIAFLE 7129 .
--慕达控股制造高等级工业纸板、纸盒、瓦楞纸箱、纸袋、工业与食品用涂塑纸、食品与非食品零售店即开包装、以及包装与家具业用纸制缓冲等。
该公司也涉及本地和出口市场的进口纸品与纸品相关产品贸易，占了约10%收益.
--慕达控股已成为大马国内规模庞大、业务遍布全国及海外的企业集团。
集团拥有两间造纸厂（位于中马和北马）、6间瓦楞纸箱厂（分布于全马及中国广州），以及多间生产其他纸品的纸厂，并在中国、澳洲、香港、新加坡和巴布新几内亚等地设有自己的销售办事处。
集团目前共有员工超过2800人，业务仍在不断扩展之中。
--公司于31-12-2017的库存有2.58亿,现金有9191万,借款为6.18亿,每股净资产为rm3.24
集团拥有两间造纸厂（位于中马和北马）、6间瓦楞纸箱厂（分布于全马及中国广州），以及多间生产其他纸品的纸厂，并在中国、澳洲、香港、新加坡和巴布新几内亚等地设有自己的销售办事处。
集团目前共有员工超过2800人，业务仍在不断扩展之中。
--公司于31-12-2017的库存有2.58亿,现金有9191万,借款为6.18亿,每股净资产为rm3.24
--个人估计2018年Eps=28仙，pe=10,股价=Rm2.80
参考，进出自负。
参考，进出自负。
-- good future --
Looking forward, Muda said it expects positive domestic and global economies to drive the consumption of industrial paper and paper packaging products that would translate into higher demand for its products.
The planned capacity expansion in Melaka and Johor by the third quarter and fourth quarter of 2018 respectively, and completion of phase one of its paper machine expansion, is timely for the expected increase in demand for paper packaging products and industrial paper.
“Being mindful of the potential hike in energy cost, fluctuation in price of raw material, increase in interest rate and strengthening ringgit against US dollar, the board is confident of Muda’s profitability in FY18,” it said.
Looking forward, Muda said it expects positive domestic and global economies to drive the consumption of industrial paper and paper packaging products that would translate into higher demand for its products.
The planned capacity expansion in Melaka and Johor by the third quarter and fourth quarter of 2018 respectively, and completion of phase one of its paper machine expansion, is timely for the expected increase in demand for paper packaging products and industrial paper.
“Being mindful of the potential hike in energy cost, fluctuation in price of raw material, increase in interest rate and strengthening ringgit against US dollar, the board is confident of Muda’s profitability in FY18,” it said.
--good comment from davidtslim:
Summary
1)Muda has the highest capacity of paper mill (upstream) in Malaysia. It benefited from China Blue Sky policy (ban of waste paper import) which the selling price of their products have increased consistently from Q4’17 to Q1’18 while the raw material (waste paper) price has dropped.
2)The timely expansion of Muda in 2017 and 2018 (to be completed in Q3 and Q4) for its paper mill and corrugated plants coincident with the price surge of its product. This will further drive its profit growth especially in Q4’18 due to peak season of online retail shopping in Nov and Dec.
3)Since 2nd half of 2017, paper price in China has been rising, and remain elevated until now. This was caused by shutting down of plants to improve environment. As China is a huge consumer of paper packaging products, the price increase spilled over to international market
4)The demands in Malaysia for corrugated products will continue to grow especially Malaysia now serve as Alibaba’s regional e-commerce and logistics hub in South East Asia.
5)Based on the higher demands and selling price of paper mill products, profit margin of Muda should be expanded in 2018 and it may has some export opportunity.
6)Based on estimated EPS of 38 sen, with forward 12-month PEx of 10x, the fair value of Muda is estimated to be around RM3.8.
7)Muda2018 = (Upstream+downstream+trading) X (Expansion+price hike) = High_Profit_Growth
Summary
1)Muda has the highest capacity of paper mill (upstream) in Malaysia. It benefited from China Blue Sky policy (ban of waste paper import) which the selling price of their products have increased consistently from Q4’17 to Q1’18 while the raw material (waste paper) price has dropped.
2)The timely expansion of Muda in 2017 and 2018 (to be completed in Q3 and Q4) for its paper mill and corrugated plants coincident with the price surge of its product. This will further drive its profit growth especially in Q4’18 due to peak season of online retail shopping in Nov and Dec.
3)Since 2nd half of 2017, paper price in China has been rising, and remain elevated until now. This was caused by shutting down of plants to improve environment. As China is a huge consumer of paper packaging products, the price increase spilled over to international market
4)The demands in Malaysia for corrugated products will continue to grow especially Malaysia now serve as Alibaba’s regional e-commerce and logistics hub in South East Asia.
5)Based on the higher demands and selling price of paper mill products, profit margin of Muda should be expanded in 2018 and it may has some export opportunity.
6)Based on estimated EPS of 38 sen, with forward 12-month PEx of 10x, the fair value of Muda is estimated to be around RM3.8.
7)Muda2018 = (Upstream+downstream+trading) X (Expansion+price hike) = High_Profit_Growth
--末季业绩报捷 慕达控股涨停板
经济新闻
27/02/2018 18:57
（吉隆坡27日讯）因纸品需求遽增和售价上扬，北马纸业先驱慕达控股有限公司（MUDA，3883，工业产品组）第四季净利增长一倍，激励公司股价今天涨停板，也是马股涨幅第七高的股只。’
闭市时，该股扬39仙或30%，报1.69令吉，成交量有119万9100股。
慕达控股于周一公布，截至去年12月杪末季净利达3597万令吉，或每股11.79仙，高于上财年同期的1791万令吉，或每股5.87仙，因售价以及造纸和纸包装产品的需求提高。末季营业额从3亿6089万令吉，扬25.23%至4亿5195万令吉，归功于制造业务的收入走高。2017财政年全年的净利为5877万令吉，或每股19.26仙，较2016财年的1881万令吉，或每股6.17仙，涨幅为212.47%，这是由于确认保险公司的赔偿。
纸包装产品需求和售价上涨，抵销较高的原料成本，促使全年营业额由12亿2000万令吉，增18.94%至14亿5000万令吉。展望未来，慕达控股预计国内和全球经济乐观，将推动工业纸和纸包装产品的消耗，这将使产品的需求增加。另一方面：根据《九点股票》网站早前分析，中港台纸品发力狂涨，大马纸业公司料将随着＂洛阳纸贵＂掀涨风。
纸品料掀涨风
“网购狂热，纸盒耗量惊人，造成国际纸品价格疯涨，中港台三地的纸品上市公司，股价都作三级跳，让眼光好的投资者从纸品业股赚了不少。”
“大马股票交易所里共有十七家上市公司涉及纸品生产，惟这些纸品公司的股价在纸价飞天之际，并没有闻风起舞，有些股价甚至倒跌。”
《九点股票》网站发现，大马股市里只有丹斯里林源德家族控制的慕达控股是唯一上游纸品公司，因此最有可能从中受惠。
该网站认为有可能搭上纸业热潮，基本面也不错的纸业公司是慕达控股，彦武纸业有限公司（ORNA ，5065，工业产品组）和合众机构有限公司（UPA ，7757，消费产品组）。 慕达控股的股价走势去年五月开始从1.79令吉呈下滑趋势，周一闭市价为1.30令吉。
http://klse.i3investor.com/servlets/stk/3883.jsp
http://www.muda.com.my/
1)http://m.jrj.com.cn/madapter/stock/2018/01/31042024034405.shtml
http://www.muda.com.my/
1)http://m.jrj.com.cn/madapter/stock/2018/01/31042024034405.shtml
造纸业7成公司净利倍增 纸价或再创新高
综合成本压力大 瓦楞原纸价格节节攀升
三大政策持续加码,2018年的纸价走势将深受影响
国际纸漿维持上行趋势
造紙產業鏈簡介
3点揭秘废纸价上涨内幕，或推动箱板瓦楞纸价维持高价位！
纸价即将脱缰，是顺应大势，还是跟风乱象？
8)http://www.chinapaper.net/news/show-26257.html
纸价大副上漲,后市继续看漲.
8)http://www.chinapaper.net/news/show-26257.html
再增涨价函，巨头带纸价直追历史高点！
9)http://www.chinapaper.net/news/show-26655.html纸价大副上漲,后市继续看漲.
