I am obliged to inform you that I have only AYS, Leon Fuat and Prestar in my investment portfolio. I have posted many articles on these stocks to encourage investors to buy these stocks with good intention to help my readers to make more money. After I read all the commentaries on the AYS forum, I wish to offer my opinion. Based on the comments, I see there are many short-term traders.
AYS price chart below shows that it started to drop from 91 sen about 3 months ago to close at 67 sen yesterday due to Covid 19 pandemic. Since then, its price has been fluctuating thus creating opportunity for short term day traders. Those who bought at low price and sold at higher prices made money but those who bought at higher price would lose money if they sold. There are always winners and losers. The winner would thank me and the losers would say that I have misled them.
The fact that I openly declared that currently I only have AYS, Leon Fuat and Prestar in my investment portfolio shows that my buy recommendation is honest and sincere.
I am sure all the steel companies will report better profit in the quarter ending December which will be announced before the end of February because there was no MCO lockdown during this period.
Its 2nd quarter ending Sept EPS was 6.51 sen and its 1st quarter ending June EPS was 8.5 sen, totaling 15 sen for 1st half year. All these profits were achieved during the Covid 19 pandemic MCO lockdown. Currently there is no more MCO lockdown and AYS should be able to make better profit in its 2nd half year than its 1st half year.
Assuming its 2nd half year performance is the same as its 1st half year, its annual profit EPS will be 30 sen per share.
Based on PE 3, AYS should be 90 sen.
Based on PE 4, AYS should be Rm 1.20.
Based on PE 5, AYS should be Rm 1.50.
The last traded price was 67 sen.