Koon Yew Yin's Blog
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
All materials published here are prepared by Mr. Koon Yew Yin
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.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
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