Covid 19 pandemic and political uncertainty are depressing the stock market. Agong proposed Parliament to reconvene as soon as possible. Currently Muhyiddin has diarrhoea and is in hospital. The Chinese word for diarrhoea is “lou sai or lai see”. He is afraid to lose his PM position. I believe the stock market will rebound when the new PM is elected.
China has been the biggest producer and exporter of steel in the world. Currently China has reduced steel production and stopped export to improve its air quality and environment. As a result, steel price has gone up about 50% in the last 12 months and all the steel companies have reported increased profit. Unfortunately, even the most profitable steel companies Leon Faut has been dropping in the last few weeks as shown on its price chart below.
The last traded price was 98.5 sen per share. Its EPS was 11.65 sen for quarter ending March 2021. Even if I assume its EPS for the next 3 quarter is the same, its annual EPS will be 4 X 11.65 = 46.6 sen. Share price 98.5 sen divided by 46.6 sen = PE 2.
Mr Ooi Teik Bee has circulated his weekly stock newsletters “Steel Stocks on cheap sale”.
Investors cannot be so foolish to sell Leon Faut now.
Created by Koon Yew Yin | Sep 19, 2023
After I saw RHB recommendation to buy Kerjaya Prosek Group yesterday, I studied all the top 12 property developers and tabled them below for comparison. Kerjaya Prosek Group is ranked 6.
Created by Koon Yew Yin | Sep 08, 2023
KP Property 4 quarters EPS is 23.6 sen and it is selling cheaper than Kerjaya Prospek Group with 4 quarters EPS of 9.39 sen.
Created by Koon Yew Yin | Aug 27, 2023
Non Malays should not be afraid of not getting university education.
Created by Koon Yew Yin | Aug 17, 2023