Prestar is back to the hidden star with relatively low PE in the industry...

This one is independent director ma... Toh family also didn't sell... they even topped up at 1.30 last month

Wheelbarrow star...

It did not have a drastic jump in share price today despite good results with dividend but the volume is there... perhaps Prestar will slowly climb up with certain amount of volume supporting its price.. time will tell...

PE at 6.24... if PE at 7 = RM 1.54 PE 8 = RM 1.76

On its way to 1.50

1.35 !!!!

Q2 results should be out this week... let's see how it goes

Everyone trying to press down steel counter prices... all collect knowing steel prices at new high and will bring positive effect to future results

Let's see it will break 1.36 this week...

Most steel counters up today as China face lower supply... steel price may further adjust...

Based on past 3 quarters actual eps + Q2 estimated eps =
14.10 + 9 (inc Vietnam plant profit) = 23.10 eps

Current PE = 7.84
23.10 x 7.84 = RM 1.81 (estimate)

PE = 8.5
23.10 x 8.50 = RM 1.96 (estimate)


So UOB target price of RM 1.58 is reasonable and achievable.... just matter of time for people to realise it in my view...

UOB target price RM 1.58 for Prestar.. go go go

Q2 results already expected to be good due to the sale of their Vietnam property, directors and the family started purchasing in July instead, it could be a positive outlook for their coming Q3 results as well.... just my opinion

Back to 1.30 !

24 lots only... small quantity.. won't affect anything

Go go go.. back to 1.30 today

250 lots purchased by Prestar MD... through normal acquisition... not by ESOS

Hopefully the uptrend will continue... been down for quite a number of days already...

If spinoff successful.. mostly likely a huge sum of cash will come in to Prestar... which can subsequently reduce borrowings and use as working capital or even giveout dividend....

Movement will only come in when the company gives a clearer view of their expected outcome from this spin off...

IMO it's for their company to grow their subsidiaries up and spin off for better value of Prestar... Prestar spinned off Posco 10 years ago and now Tashin

Prestar growing bigger... growing stronger

Toh family purchased 300 lots at 1.32 on 6/7... refer to latest announcement

So far none of the steel stocks has pe of 15 but pe 10 sounds achievable for Prestar TP 1.90 to 2.20 for me

All stocks are dropping due to weak market globally... Prestar shall rebound once global market turns ok

Raya soon ma...

1.32 !!!!

1.31 !!!

1.30 after lunch !!!

Be greedy.... close 1.30 today haha

36k use to buy number plate for Lamborghini la.... hahahah

A good write up by Sinchew... let's see tomorrow...

Could be the management/staffs confident of the company's future that's why they exercise their esos

Lack of momentum...

Everyone has their choice in my opinion comparison in terms of performance and dividend yield has to be Apple to apple.... you can't compare a steel stock with property stock... and undeniably prestar is one of the best picks in the steel industry stock

if you look at 2014 and 2015 results... most steel counters are making losses but Prestar is making full year reasonable profits and paying dividend even though the industry was bad back then and nobody was looking at steel counters back then... when the industry is good most steel counters performed and so as the company performed and brought value to the shareholders... which explains the share price today and the 50 cents back then when the market was bad...

Then do proper research and study regarding the industry lor... there's too many what if in life...

Apollo, I suggest you go read what's the recent updates by the company and only comment further... people here who have been following this counter here knows it won't be down the next quarter... the answer is within the announcement...

Win more, prestar is more to automotive pipes, furniture pipes, guardrail, storage system racking and wheelbarrow handtrucks whereas masteel is more towards the construction development steel producer... both have their edge

Q1 2017 quarter is better than Q1 + Q2 2016 quarter result... indeed brilliant results by Prestar!

Wheelbarrow superstar with super results

Collected again... good opportunity now

Yesterday annjoo today prestar...

Small amount only... probably dispose esos shares...

Drop in share price today could be due to the overall bad market... all I could say is probably wrong timing in announcing... but given with the strong set of results by annjoo I believe the share price will go up sooner or later...

1.24 to 1.25 range is the best price they can get now ... cause they know once QR out they won't be able to get such price....

Can't wait to see how this counter gonna perform tomorrow

Slowly but surely this counter will achieve RM1 soon....

Undervalued steel counter... this counter should be coming up after Leonfuat....