Koon Yew Yin's Blog
Prestar is the only steel company reported increased profit - Koon Yew Yin (updated)
Koon Yew Yin
Publish date: Thu, 03 Mar 2022, 10:58 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
During the last quarter from September – December last year, there was no more MCO lockdown, all the people could go to work and there were more construction activities. As a result, all investors expected to see all the steel stocks to report better profit than their previous quarter.
I was shocked to see that all the steel stocks, except Prestar reported reduced profit. Prestar is the only steel company reported increased profit.
Prestar’s EPS for each of the last 4 quarters were 10.03 sen, 7.21 sen, 9.59 sen and 9.45 sen totaling 36.28 sen. The last traded price is 66.5 sen. It is selling at PE less than 2.
If you do not believe me, you can check and prove I am wrong.
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Discussions
Be the first to like this. Showing 11 of 10 comments
uncle conyewyin stuck at high price, thats y he wrote this. so that u buy he can sell. If you do not believe me, you can check and prove I am wrong.
2022-03-03 16:59
Its not a steel company per se, but a steel product manufacturing company. Please dont mislead or lie to viewers.
2022-03-03 17:07
but if you see... steel price not just increase today. its been increasing for half a year.. and prestar profit just keep on rising..
2022-03-04 10:05
You see this disrespectful old man KYY comes here and mislead others. His write-up is just lapsap
2022-03-04 12:39
No points of his writing. Just say something on the surface to mislead others
2022-03-04 12:40
Increased profit Reduced revenue. Product selling at higher price? Supply restricted?
The equation does not match.
2022-03-06 14:38
Thank you for your post. I have read through several similar topics! However, your article gave me a very special impression, unlike other articles. I hope you continue to have valuable articles like this or more to share with everyone! https://nytimescrossword.io
2023-01-04 16:52
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Get your facts right! Melewar also has increased profit
2022-03-03 11:06