Packaging company ORA’s shares were smacked over 30% in August following its full-year result which saw earnings per share (EPS) rise 29% to 16.9c but the problem was weakness in its glass segment due to reduced volumes into China. Like many companies of late, exposure to China has been a headwind on its share price, a very different tale to 5-10 years ago, but ORA has a solid balance sheet which allows for future investment. Initially we can see 15-20% upside for ORA supported by an attractive forecasted 4.8% dividend yield over the next 12-months.
MM is bullish ORA
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