I m not TA supporter but I do think yr target price is reasonable as my calling for 70% upside potential tis afternoon (deleted as per my style) If u check 2016 bal sheet, u will b surprise tht despite yrs of losing money, cash c.f. Is >200mils, net asset is positive n huge shareholders fund >1b resulting in high NTA of 2.4RM. W Cheng holds 31.4% as one shareholder.
Last Q earning is 8sen, revenue improved fm 596m to 644m (YOY), QoQ 514m to 644m. A very commendable good achievements, however if coming QR is > 5sen, we can expectprice to go above 1.2
@myongcc5 With the extended safeguard duty for another 3 years for rebar, steel sector should have some more room to run up. In terms of operating margin, I would prefer ANNJOO over LIONIND.
Balance sheet much better than some rebar ctrs! Only 4 listed steel bar producers currently. Check their Current net asset will tell. Yet Lion King still lagging. No reason not to hit TP if earning still good q by quarter!
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Posted by myongcc5 > 2017-05-09 20:08 | Report Abuse
I m not TA supporter but I do think yr target price is reasonable as my calling for 70% upside potential tis afternoon (deleted as per my style)
If u check 2016 bal sheet, u will b surprise tht despite yrs of losing money, cash c.f. Is >200mils, net asset is positive n huge shareholders fund >1b resulting in high NTA of 2.4RM. W Cheng holds 31.4% as one shareholder.