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AYS selling lowest PE among all steel stocks - Koon Yew Yin

Koon Yew Yin
Publish date: Wed, 03 Nov 2021, 12:30 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
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The table below shows the comparison of all the listed steel stocks in Malaysia. AYS is selling at the lowest PE ratio.

Name

Price

Latest EPS

EPS divided by price

AYS

78.5 sen

8.5 sen

10.8

Leon Fuat

92.5 sen

9.76 sen

10.6

Prestar (X bonus)

63.5

6 sen

9.4

Choo Bee

Rm 1.99

17.15 sen

8.6

Mycron

50.5 sen

4.13 sen

8.2

Hiap Teck

54.5 sen

4.26 sen

7.8

Leader Steel

64 sen

5.01 sen

7.7

Ann Joo

Rm 1.99

15.46 sen

6.8

Melawar

41.5 sen

2.64 sen

6.4

CSC Steel

Rm 1.29

4.18 sen

3.2

 

 

 

 

 

US Iron ore price chart

 

China iron ore price chart

 

AYS reported its latest EPS of 8.5 sen and its previous quarter EPS was 4.45 sen. The iron ore prices are increasing in US and in China as show on the 2 charts above. Based on the increasing price of iron ore in US and China, AYS should report better profit in the next quarter ending September which should be announced before the end of November.  

Even if I assume that AYS EPS remains unchanged in the next few quarters, its annual EPS will be 4 X 8.5 = 34 sen. Its last traded price 78.5 sen divided by 34 sen = 2.3 PE.

   

 

 

 

AYS (5021)
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