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MyInvesting

Author: myinvesting   |   Latest post: Mon, 2 Oct 2017, 11:51 AM

 

Ann Joo offers more upside (part 1)

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Lower PE accorded by market to LionInd due to its loss-making retail business - Parkson.

 

Masteel
With recent rally in steel counters, among the top steel makers, Masteel 's share price moved faster than others, up 52% within 1 month, further fuelled by its bonus issue ex-date (26 Sept) announcement. 4Q PE ratio runs up to 13.2x, ahead of average of 4 counters above.

 

SSteel
In terms of share price, SSteel is the second runner up with 34% increase within 1 month.  PE ratio now stands at 11.1x.

 

AnnJoo
Industry cost leader - AnnJoo's share price moved slower than others, merely increased 17.6% from one month ago. PE ratio at 10.8x, less demanding than Masteel and SSteel.

Given its superior profit margin (refer earlier article on AnnJoo's cost leadership in steel industry), decent dividend policy with 60% payout & slower share price rally than others steel counters, I think AnnJoo has more upside going forward.

 

Other articles

AnnJoo's cost leadership in steel industry

 

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Labels: ANNJOO

Related Stocks

Chart Stock Name Last Change Volume 
ANNJOO 3.79 +0.04 (1.07%) 58,200 

  2 people like this.
 
KLCI King Good comparison
18/09/2017 17:14
HENGYUAN @RM21 CONFIRM COMING annjoo is leader, they have certain advantage over competitor as how they produce the steel. buy and hold
18/09/2017 17:38
Bizfuneng Bonus issue does value add to Masteel earning. Why ppl chasing the share price up becos of bonus issue ex 26 Sep?
18/09/2017 18:40
Bizfuneng * Correction - Bonus issue doen't value add to.....
18/09/2017 18:44
John Lu Said many times already TP rm6 to rm8
18/09/2017 19:21
Albukhary This is not a good comparison.
You should compare the share price begin from last year (i.e. 1st July).. then you will realise Annjoo share price has increased much more than the other 3 peers.

So now the rooms to growth is depends on the coming quarter profit, instead of claiming Annjoo share price movement is behind the other 3 peers.
18/09/2017 19:31
MrPauper Well, short sighted people comes out with short sighted comparison and explanation. He may be right this time for the wrong reason but he may be wrong next time for the right reason
18/09/2017 19:58
kimi21 This two weeks almost everyday got "research house" give buy call on steel counter, huat arh!!
18/09/2017 20:30
Stock Kingdom Good article! Thank you!

Rather focus on short sighted comment from short sighted commenter, pls continue share your hard works, keep it up.
18/09/2017 21:12
Stock Kingdom Pls talk with substance & stop acting like Guru, Pauper
18/09/2017 21:14
JayC Annjoo is running at 80 to 90% of their capacity. They might not be able offer additional supply compared to the other 3
18/09/2017 22:38
bursainvest12 AnnJoo distributes the profit to shareholders as dividend.
18/09/2017 23:02
MrPauper Dear Kingdom, which substance in my words have you not understood? I never meant to be a Guru, and neither will I. I am just another ordinary forum member with ordinary capital trying to find some ordinary gain. Thanks for the compliment though
18/09/2017 23:47


 

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