Learning To Invest
Dear KYY, TASHIN is underrated... worth 75 sen 45% upside
investor2021
Publish date: Fri, 16 Apr 2021, 09:43 AM
Reason 1: It is in the right industry which is booming now, STEEL INDUSTRY
What is TASHIN doing ? It is a steel company. Check out its website https://tashin.com.my .
It is involved in the steel related sector encompassing both manufacturing and trading activities. Details of its operation are:
(i) Processing (ie, slitting and shearing) of steel coils into slit coils and steel sheets;
(ii) Manufacturing of steel products comprising, steel pipes, flat bars, square bars, expanded metals, checkered plates and C Purlins; and
(iii) Trading of steel products including steel plates, steel pipes, round bars, angle bars and wire mesh.
Reason 2: Latest December quarter results is a record high (+180% QoQ) (+450% YoY)
As shown below, TASHIN made RM6.5m net profit or 1.85 sen EPS in December-2020 quarter. The Company benefited from rise in the steel prices. As steel price is still increasing in January, February and March we can expect another new record in 1Q result.
Reason 3: It is worth 75 sen (45% Upside !!!)
1.85 sen EPS in 4Q20 means FY21 easily can make 1.85 * 4 = 7.4 sen EPS round up to 7.5 sen EPS. This is not aggressive because steel price still increasing trend.
10x PE on FY21 EPS of 7.5 sen = 10 * 7.5 = 75 sen
Tashin products
Tashin headquarters
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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....
