paper australia top exec’s visit creates a buzz over muda

A senior executive at Australian Paper Co Ltd recently visited Muda Holdings Bhd, prompting a response from the market.
The lowest closing price since the end of August is 1.
04, low stock price-
Personal data companies have soared by about 74.
04% closed at 1 yuan. 81 yesterday.
The rise in share prices is due to speculation that Australian paper may be keen to buy stakes in Muda Holdings.
Japan\'s second largest paper company, Japan Paper Group, owns Australian Paper, one of Muda\'s holding paper suppliers.
As for Muda paper, its largest shareholder is the chairman of Tan Serin Guantai, which holds about 41% of the shares.
The second largest shareholder is the Asian document company Bhd.
Interest of 05%, all of which
Lim and Khoo Sdn Bhd have 17 units. 97% stake.
Lin Changqin, deputy general manager of muda Holdings, said they were not interested in divesting a stake in the paper mill.
As for the Asian document, when asked whether the company intends to spin off its stake in Muda Holdings, Datuk Michael Lim Soon Huat, its executive chairman, declined to comment.
When contacted, Lim of muda Holdings confirmed that it was the first visit by a senior executive at Australian paper.
\"It\'s common for suppliers like Australian paper to visit us, but this is the first time an executive has visited us.
Lim recently told StarBizWeek that \"he is on his way back to Tokyo to stop at the paper mills in Penang and Kajang . \".
Last month, it was reported that Asian Archives was in talks with four to five customers in Europe to secure a new contract worth about 30 yuan.
The group also revealed plans to acquire companies of similar nature in European operations that are essentially downstream in order to integrate with them in the future.
The group hopes to bring these deals to fruition by next January, and says the weak ringgit is a boon to the Asian document, which earns 90% of its revenue in other currencies than ringgit.
According to the group, except as a natural hedge, the depressed ringgit situation has buffered any rise in raw material prices in the coming months.
Net profit in Asia rose 32. 6% to RM19.
The first quarter ended June 30, from rm14.
Revenue fell by nine a year ago. 9% to RM93.
27mil from rm104.
32 Mille, the year before.
The three manufacturing plants in the Asian archives are located in the UK and two in Germany, mainly for export services to the European market.
The cash reserve is about yuan, and the bank loan is about 26 yuan.
As of June 30, 2015, it will receive more benefits through overseas investment.
This is especially true when ringgit depreciates sharply and when most of the company\'s exports are denominated in dollars.
Despite the introduction of the goods and services tax, sales at home in the first half of this year for Asian archives have increased.
As for Muda holdings, it is a smaller company with a market value of RMB. 5mil.
Muda Holdings is a pioneer in the paper industry and the largest participant in the paper packaging industry.
Since then, it has expanded its position to become the first country in the country to produce machines.
The new RM90mil factory in sinpang anpat, Penang provides glazed paper for the food industry.
The 100,000-square-foot plant is located near its existing Tasek Mills plant and has new machines purchased from Europe.
The company has earmarked 80% of its new products for Australia, New Zealand and SouthEast Asia.
Muda Holdings did not transfer from the bread and butter of industrial paper and corrugated cartons produced at its Kajang factory.
Net profit rose nearly 157% to 7 yuan. 45mil from RM2.
In the third quarter a year ago, 91 Mill\'s revenue rose 2015 year-on-year. 9% to RM261.
From rm246. 0mil60mil.
Basic earnings per share are 2. 44 sen from 0. 95 sen.
No dividend was announced.
In nine months, the group\'s net profit fell 7% to 16 yuan. 4mil from RM17.
63 Mill, revenue growth of 4% to rm777. 43mil.
Earnings per share are 5. 37 sen from 5. 78 sen.
Sales at the company\'s paper mills grew by 7%, and the ringgit\'s fall against the dollar and other major currencies created more demand for locally made paper.
Lim is confident to add paper-packed products during the festival to achieve a better fourth quarter.
As of the 30 th, the Company had cash and cash equivalents close to RM80mil and borrowed about RM500mil.
Japanese paper is part of the consolidation of paper companies that have been going on for years.
Norske Skog, a Norwegian forestry company, acquired New Zealand\'s debt in 2000.
Bin Laden Fletcher challenges paper US $ month. 5bil.
The acquisition includes Fletcher\'s pulp and paper businesses in Australia, New Zealand, Asia, South America and Canada.
Norske said that as paper businesses demand scale and geographic diversity, the key to value creation in the paper industry is to acquire and integrate companies at similar levels and complementary skills.
It is said to be the largest acquisition ever by Norwegian companies, and Norsk became the world\'s second-largest newspaper manufacturer at the time.
A report earlier this week showed that the Indian paper industry will experience a round of integration and cooperation.
In the next few years, the cooperation between companies will make use of rapidly changing manufacturing technology to ease the backward integration of raw materials.
With the growth of e-commerce index, the e-commerce industry in India is changing
Commercial and Indian paper consumption widely used in packaging is expected to grow from the current 40 million tons to about 14 million tons by 2026.
Industry insiders estimate that rs90000 crore will need new investment in the next few years.
Therefore, India may also follow the merger plan, which may leave less than 10 major players in the domestic market compared with 28 companies.
The Japanese newspaper group believes in integration.
In 2009, the company purchased Australian paper from PaperlinX for US dollars.
At that time, Japan\'s economic downturn, Japan paper aims to more than double its overseas sales to 30% by 2015, and in the ranking of the world\'s paper companies fell from ninth to at least fifth per year.
So it remains to be seen whether Japanese newspapers are interested in Muda Holdings before these companies make an announcement in Bursa, Malaysia.