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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Wed, 19 Jan 2022, 9:32 AM

 

Why I bought AYS, Leon Fuat and Prestar - Koon Yew Yin

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After I posted my article named “Steel stocks comparison and outlook” yesterday, many of my friends asked me which are the better stocks to buy among the 10 steel stocks as shown on my tabulation as below. 

Name

price

EPS

Previous Q EPS

Half year EPS

Annual EPS

PE

Prestar

63.5

7.21

9.59

16.8

33.6

1.9

Leon Fuat

88

11.34

9.76

21.1

42.2

2.1

AYS

66

5.61

8.5

14.11

28.2

2.3

Tashin

53

5.97

3.9

9.87

19.7

2.7

Leader Steel

60

5.46

5.01

10.47

20.9

2.9

Hiap Teck

51

4.11

4.26

8.37

16.7

3.1

Ann Joo

186

12.74

15.48

28.22

56.4

3.3

Melewar

39

1.67

2.64

4.31

8.6

4.5

Astino

69.5

3.56

2.5

6.06

12.1

5.7

CSC Steel

132

2,70

4.18

6.88

13.8

9.6

I have invested about the same value in each of these 3 steel stocks namely AYS, Leon Fuat and Prestar. They are the cheapest in terms of PE ratio. These are my reasons for buying each of the 3 stocks:

Why I bought AYS?

Share Placement: I like to buy AYS because Institutional Investors have bought the 38 million placement shares at 76 sen after discount in October last year. The big buyer must know that AYS has very good profit growth prospect.

How is the share placement price fixed?

According to Security Commission rule, the placement price should not be less than the average price in the last 5 trading days with a maximum discount of not more than 10%.

I also like to buy AYS because the average daily traded volume is about 10 million shares. I can make some money on short term trading.

Why I bought Leon Fuat?    

Leon Fuat reported 11.34 sen EPS in the latest quarter ending Sept. and 9.76 sen in its previous quarter. Leon Fuat and Tashin are the only 2 steel companies reported better profit in their latest quarter than their previous quarter despite MCO lockdown.

For the quarter ending December, I expect Leon Fuat to report better EPS than 11.34 sen before the end of February because during this period there was no MCO lockdown.  

Why I bought Prestar?

Prestar business collaboration with a Japanese company, Murata Machinery, Ltd (“MURATA”) to supply automated storage solutions worldwide During FYE 2020, Prestar Storage System Sdn. Bhd. (“PSSSB”), a wholly-owned subsidiary of the Company had entered into a Manufacturing Partnership Agreement with MURATA for the purpose of designing, manufacturing and supplying of Automated Storage and Retrieval System (“ASRS”) Racking System for the latter’s worldwide market.

MURATA is one (1) of the largest designers and manufacturers of material handling systems in Japan with leading edge in the manufacturing of Automation Integrator serving a global market in a wide range of industries. The said collaboration will provide PSSSB with a growth opportunity to participate in the supply of ASRS Racking System for MURATA’s global market including the United States of America, Japan, China and ASEAN countries as well as leveraging on its core strength to achieve greater success in factory automation sector. In addition, the collaboration is expected to give PSSSB the instant accessibility for supplying ASRS Racking System to e-commerce, pharmaceutical, Omni-channel distributions, retailing, distribution and logistics industries and high throughput industries such as fast-moving consumer goods particularly for export market. The collaboration will definitely augur well the long-term strategic business goal of PSSSB.

Prestar guardrail sale

Sarawak Pan Borneo Highway (“PBH”) contract Another wholly-owned subsidiary, Prestar Engineering Sdn. Bhd. (“PESB”) had on 1 July 2020 entered into the Supply Agreements (“Agreements”) with Pansar Company Sdn. Bhd. (a wholly-owned subsidiary of Pansar Berhad, a company listed on the Main Market of Bursa Malaysia Securities Berhad) and was also awarded the contracts (“Contracts”) from LTC West Gate Sdn. Bhd. and Kemakmuran 2000 Sdn. Bhd. for the purpose of supplying and delivering guardrails and accessories in respect of the development and upgrading of the proposed PBH in Sarawak, Malaysia. The total estimated amount of the Agreements and Contracts secured by PESB was approximately RM80.0 million.

 

Sarawak Pan Borneo Highway (“PBH”) contract (cont’d) Pursuant to the Agreements and Contracts awarded, PESB will supply and deliver guardrails and accessories to four (4) work packages in respect of the PBH project i.e., Pantu junction to Batang Skrang stretch, Sungai Kua bridge to Sungai Arip bridge, Semantan to Sungai Moyan bridge and Sungai Awik bridge to Bintagor junction. The Agreements and Contracts are expected to contribute positively towards the future earnings of the PESB for the financial year ending 31 December 2021, or until the expiry of the respective Agreements and the Contracts. PBH is a road network on Borneo Island connecting Sabah and Sarawak, with Brunei and Kalimantan regions in Indonesia. Prestar will continue to participate in bidding for the supplies of guardrails for future packages of PBH to Sabah in the near future.

 

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Labels: AYS, LEONFB, PRESTAR

Related Stocks

Chart Stock Name Last Change Volume 
AYS 0.615 -0.01 (1.60%) 785,800 
LEONFB 0.895 +0.025 (2.87%) 44,900 
PRESTAR 0.635 +0.005 (0.79%) 82,500 

  abang_misai likes this.
 
Anaconder Why Supermx EPS 146sen/sh ,u don't buy ?
13/01/2022 10:39 AM
Berlin what you buy is your business. Keep it to yourself. No one's interested in your almost daily postings since it's mainly self interested drivel.
13/01/2022 12:43 PM
gohkimhock what is the point of posting this out?

If you trust this snake, you're gonna die faster..
13/01/2022 12:45 PM
abang_misai @kimhock, betul 100%. Aku dah banyak kali kena gigit akibat terikut-ikut corak pembelian oleh si tua.

Posted by gohkimhock > Jan 13, 2022 12:45 PM | Report Abuse

what is the point of posting this out?

If you trust this snake, you're gonna die faster..
13/01/2022 12:50 PM
treasurehunt He would churn out some articles or useful health tips making you guys feel better or happier so as to forget about the past.
13/01/2022 1:02 PM
treasurehunt Nothing wrong to him. 願者上鉤.牛唔饮水唔揿得牛头低!
13/01/2022 1:07 PM
gladiator When kyy promote hiap teck & AYS last year I bought Prestar & Leon Fuat.
13/01/2022 1:34 PM
gohkimhock @treasurehunt 好一句願者上釣. 可是姜太公釣魚用直钓沒有用魚餌, 沒有害人之心..
13/01/2022 1:52 PM
treasurehunt Gohkimhock. Uncle也沒有害人之心. 對他來說, 接近他的人都是想要賺他的錢或者沾一些名氣. 他只是要抓哪些想要賺快錢和想著不勞而獲的人. 而且在Bursa投資和投機都是看誰跑得比較快. 況且這幾年來, 大多數人都已經知道了他的目的. 為什麼還要接近他呢?
13/01/2022 2:21 PM
amateurJR Ok la follow uncle buying at first buy call can earn money provided not greedy following his TP
13/01/2022 2:21 PM
Russel Think twice, thrice before follow grandpa koon tips...flip flop, flip flop
13/01/2022 5:14 PM
smartly the trend now is banking stocks before others...
so wallop banking stocks first.
13/01/2022 6:21 PM
treasurehunt Funds are obviously migrating to Banking sector riding on the Fed rate hike. Has uncle lost touch with the latest trend?
13/01/2022 6:25 PM
DonLee keep it to yourself la.

why u bought this and that. DNS.

Later you will say why u sell this and that also la.

whats the points ? you really want help people , bank in money to their account la.

dun come here con people money
13/01/2022 8:37 PM
Newbie_2288 Shame on you conman.
No credibility and integrity.
When ppl ask, you will say, I already so old man and rich, what for want to con your little money. If like that better you dont login bursa and trading in shares since is just little gain and you are filthy rich already.
Your words and actions are so contradict.
13/01/2022 9:08 PM
cckiong uncle conman wants to trick poor people again. he really knows no shame.
13/01/2022 11:16 PM
whpang Just ignore the xxx man.
13/01/2022 11:29 PM
gemfinder Later this apek wil come out with an article saying i made a huge mistake n need to admit i cut loss. Kakakaka
13/01/2022 11:32 PM
treasurehunt Uncle will come out another hatred article to make people feeling relieved or syok and proving himself standing in the same boat.
14/01/2022 8:24 AM
maggiemee One word RUN
14/01/2022 8:46 AM
fattycat Haha...no where can run , most sector down today
14/01/2022 9:46 AM
skyz why he buy is not important. why he PROMOTE you all must be sing muk lo. if there are no gullible ppl who chase after it, how can KYY dump the stocks to? if he if promoting, you better get ready to lock profit before he does
14/01/2022 10:47 AM
ahbah I will NOT wrestle with an expert like kyy !!!
14/01/2022 10:49 AM
jeffng570 hahaha...run
14/01/2022 11:44 AM
Tiger62 The objective of this blog is for retail investors to buy as perceive price is "low" so that he can sell portion of his shares for profit. This is his game.
14/01/2022 7:08 PM
sangkancil thank you KYY for providing liquidity to the market and create some noise for the boring KLSE .. However you should not follow blindly on his suggestion...
15/01/2022 6:23 PM


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