Koon Yew Yin's Blog
Press Metal compared with Prestar and Leon Fuat - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 11 Feb 2022, 09:19 AM
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
Press Metal’s share price Rm 6.68, reported 3.51sen EPS for its latest quarter ending Sept and 3.16 sen EPS for its previous quarter.
Prestar’s share price 69.5sen, reported 7.21 sen EPS for its quarter ending Sept and 9.59 sen EPS for its previous quarter.
Leon Fuat’s share price Rm 1.01, reported 11.34 sen EPS for its quarter ending Sept and 9.76 sen EPS for its previous quarter.
Prestar’s share price is about one-tenth of Press Metal’s share price but has reported better profit in each of the last 2 quarters.
Leon Fuat’s share price is less than one-sixth of Press Metal’s share price but has reported better profit in each of the last 2 quarters.
The above comparison shows that Press Metal is ridiculously overvalued. Yet, its share price chart is up-trending.
Many investors are following HLInvest’s buy recommendation blindly. You can see HLInvest’s article below.
Press Metal Aluminium - Another Record Quarter Incoming
Author: HLInvest | Publish date: Fri, 4 Feb 2022, 9:37 AM
We expect PMETAL’s 4Q21 results to come in at a record high with a net profit of between RM330m (+16% QoQ, +100% YoY) and RM370m (+31% QoQ, +125% YoY). If met, this would bring FY21’s sum to RM1.07-1.11bn, which is more than double vs. a core net profit of RM479m in FY20. We are expecting a further QoQ spike in 1Q22 earnings, due to soaring LME aluminium spot prices. We highlight that aluminium spot prices have breached the USD3,000/MT level. Maintain BUY with an unchanged TP of RM7.25 (25x P/E on FY22F EPS).
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Discussions
Be the first to like this. Showing 11 of 11 comments
similar attitude like most little pinky ...use all sort of excuses just to commit ...little....
2022-02-12 12:45
last time I remember he compared Heng Yuan to Nestlé. lol.. Really laugh die me..
2022-02-12 13:02
Sslee another similar characteristic of little pinky always like to compare Apple with Cendol ..hahahahah look at my conversation with him as follow:-
https://klse.i3investor.com/servlets/forum/600654856.jsp
>>>>>>>>>>>>>>>>>>
Posted by uncensored > Feb 12, 2022 3:25 PM | Report Abuse X
Hahahaha Sslee.... SSlee...
What are you trying to say ? Shares of CATL, China's largest battery maker, plummeted again because of Facebook shares price dropped ? Or the others way around ?
Sslee are your rationing logical or NOT ?
What logic do you tied CATL share price with Facebook share price ?
Are you applying the same logic behind Uncle Koon comparing Press Metal compared with Prestar and Leon Fuat ?
Hahahahahahaha
>>>>>>>>>
Posted by Sslee > Feb 12, 2022 2:04 PM | Report Abuse
Know how much facebook owner Meta market capital loss in a single day?
2022-02-12 15:39
Comparing ikan bilis to whale. He praying to retailers to spike price so he can eat
2022-02-12 17:10
Ukraine, Russia conflict could hit US steel industry
https://www.argusmedia.com/en/news/2295822-ukraine-russia-conflict-could-hit-us-steel-industry
Russia and Ukraine have been critical pig iron suppliers to the US for years, comprising more than 60pc of the imports coming in since 2018. The US sources from several key producers in the Black Sea, many of whom account for a significant share of the US's low-phosphorus higher-priced pig iron. The region contains coastal borders of both Ukraine and Russia.
The potential conflict between Russia and Ukraine could force US pig iron consumers to lean on other global pig iron suppliers like Brazil, which made up 20pc of US pig iron imports since 2018. Brazilian pig iron is typically higher in phosphorous, making it less desirable to steelmakers in general.
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/012122-ukraine-steelmakers-miners-report-business-as-usual-despite-border-tensions
Ukraine is a major steel and iron ore producer. In 2021 and 2020 it made 21.4 million mt and 20.6 million mt respectively of crude steel and was the 13th largest steel producer among 64 worldsteel-member countries. Normally, 80% of its steel output is exported. Over the same period, Ukraine exported 44.4 million mt (2021) and 46.2 million mt (2020) of iron ore products, making it the fifth largest iron ore exporter in the world.
The majority of sources surveyed did not believe in a worst-case scenario, but admitted that if this did occur, the impact would be felt across Ukraine's entire steel industry.
"It all depends on the scenario, but the majority of [steelmaking and steel raw material mining] enterprises could be affected as over 90% of them are concentrated in the east of the country, and if it comes to hostilities, they will first of all unfold in the east," said Yuri Dobrovolsky of Ukrainian Industry Expertise, a market research and consultancy company.
2022-02-12 22:53
ALuminium LME will hit US$3700/MT in 2022 and wont come down for next 3year.. short of capacity world wide
2022-02-13 19:49
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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There is a reason why Mr.Market gives a higher valuation to certain stocks and lower to some others. As a very experience investor, you should understand that.
2022-02-11 18:37