The real reason Prestar huge profit is due to World steel price start rally in November 2020 nothing to do with highway mention above, Steel price continue on the uptrend as at today so next quarter results in Aug will see prestar double digit EPS. Prestar will continue to shine.
On July 6 2020 when Prestar was only 43 sen this article was posted
See
AT CURRENT PRICE OF 43 SEN THERE WILL BE A NICE 250% REBOUND
Now target almost reached SO DON'T CHASE PRESTAR ANYMORE
Peter Lynch gave this Top Secret
The time to buy Cyclical is when P/E is high with signs of turnaround from bottom (but that is the time when people not interested at all)
The time to sell cyclical is when P/E is low when prices have peaked and many people turned bullish (How true now there are people Shouting to buy steel when they should be selling instead)
So investing in Cyclical (don't mistake cyclical for growth stock) is contrary to human nature
You buy Cyclicals when you see BAD EARNINGS?
You sell cyclicals when you See Good Earnings?
How come like that?
90% of people failed to understand how to invest in Cyclicals
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2959 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
calvintaneng
56,026 posts
Posted by calvintaneng > 2021-04-24 20:07 | Report Abuse
PRESTAR OR PRE STAR: BUY IT BEFORE IT TURNS INTO A STAR AGAIN
CALVIN HAS A TARGET PRICE OF PRESTAR AR RM1.50
AT CURRENT PRICE OF 43 SEN THERE WILL BE A NICE 250% REBOUND
Note:
Prestar buy call Chun Chun at 43 sen and now Rm1.28 (Up 197%!)
Don't chase Prestar now as Insiders are selling
SELL PRESTAR & BUY
FGV
YES FGV IS THE CHUN CHUN BUY BELOW RM1.40