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9938 (9938) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 32.9M MYR

9 9938 9938 · KLSE
Price0.1550 MYR
Fair Value0.5200 MYR
Upside+235.5%
Quality95/100
Evidence: High Range 0.3900 MYR – 0.6500 MYR

Fair value as of: Jun 26, 2026

From 23 valuation models · updated 3 days ago

Share price −6.1% over the past month.

Price vs Fair Value (12 months)

0.2250 MYR 0.1550 MYR Fair Value 0.5200 MYR Jun 2025 Jun 2026

12‑month range 0.1550 MYR – 0.2250 MYR · fair‑value band 0.3900 MYR – 0.6500 MYR · the 0.1550 MYR price screens below the 0.5200 MYR fair value. As of Jun 26, 2026.

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Analysis

9938 (9938) currently trades at 0.1550 MYR, while our model-based Fair Value estimate is 0.5200 MYR — implying the stock looks roughly 235.5% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, 9938 generated revenue of 57.9M MYR at a net margin of 10.0%. Revenue declined 1.0% year over year. It earns a return on equity of 4.5%. The stock trades on a trailing P/E of 5.3. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 57.9M MYR
Revenue growth (YoY) -1.0%
Net margin 10.0%
Return on equity 4.5%
Free cash flow 5.0M MYR FY2025
P/E ratio 5.3
More key figures
Operating margin -2.2%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) -93.9%

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Bright Packaging Industry Berhad, an investment holding company, manufactures and sells aluminum foil packaging materials in India, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Switzerland, Taiwan, Thailand, and Vietnam. The company offers aluminum foils and metallized film laminates to tissue, wood-free, and board and inner frames for use in pharmaceutical, confectionery, liquor, and tobacco packaging applications; and other value-added services, including coating, slitting, and sheeting services. It also engages in property investment; and printing and manufacturing of packaging boxes and materials. The company exports its products to China, Russia, Germany, the United Arab Emirates, Australia, Pakistan, and Hong Kong. Bright Packaging Industry Berhad was incorporated in 1987 and is based in Shah Alam, Malaysia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

9938 reported revenue of 56.6M MYR in FY2025 versus 37.5M MYR in FY2021, a compound +10.8%/yr. Reported net income was 6.3M MYR in FY2025.

Revenue +10.8%/yr
FY21 37.5M MYR
FY22 46.5M MYR
FY23 61.9M MYR
FY24 52.5M MYR
FY25 56.6M MYR
Net income
FY21 −2.6M MYR
FY22 −2.5M MYR
FY23 5.0M MYR
FY24 2.6M MYR
FY25 6.3M MYR

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Similar stocks

6 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Smurfit Kappa Group SMFTF $44.20 $27.40 -38%
Smurfit Westrock Plc, SW $41.28 $40.96 -1%
Packaging Corporation PKG $234.03 $123.93 -47%
International Paper Company IP $31.85 $48.43 +52%
Amcor plc AMCR $37.64 $18.34 -51%
Ball Corporation B1LL34 R$146.83 R$18.44 -87%

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Frequently asked questions

Is 9938 (9938) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 0.5200 MYR versus a price of 0.1550 MYR — about +235% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 9938?
Our 21-model fair value for 9938 is 0.5200 MYR (as of Jun 26, 2026), built from audited fundamentals. The current price is 0.1550 MYR.
What is the quality score of 9938?
9938 has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of 9938 (9938)?
9938 reported trailing-twelve-month revenue of about 57.9M MYR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of 9938?
The net profit margin of 9938 is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.