Looking at some of the steel-making companies quarterly earnings.
Lion Ind (Q eps 11.7 sen, nta RM 3.97). Fv = 11 x 4 x 10 = RM 4.68
At RM 1.75, it's very attractively priced at 38 % of fair value or annualised PER 3.8
Southern Steel (Q eps 14.2 sen, nta RM 1.80). Fv = RM 5.68, today's price RM 2.46
Lion Div (Q eps 5.7 sen, nta RM 1.78) . Fv = RM 2.28, today's price RM 0.44
MaSteel (Qeps 5.4 sen, nta RM 2.14), Fv = RM 2.16, today's price RM 1.09
Kinsteel (Q eps 4.4 sen, nta RM 0.85). Fv = RM 1.76, today's price RM 1.02
Ann Joo Reso (Q eps 4.5 sen, nta RM 1.80). Fv = RM 1.80, today's price RM 2.70