Steel not like glove just a one time increase in prices mainly of increase demand in China, after a while the steel price going to drop a lot after supply more than demand. Not a long time good investment. Look at so many red colour in their QR reports.
If you think Chuan Huat is good, better take a second to look to LeonFuat. LeonFuat is difference from other steel counter, which mainly focus on either manufacturing or trading. LeonFuat is more focus on steel processing, which is higher margin and less competitor, and they have owned one of the highest speed machine in South East Asia.
Steel trading mean you just buy steel from manufacturer, then sell to hardware shop or construction site.
Steel processing mean you customise the steel to any shape or design that your client request. Example, if you client is furniture manufacturer, they will request you to produce a steel handle for their drawer, steel stand for their table...etc.
CHUAN is 100% better than Leon Fuat in term of Higher NTA, Lower No. of Shares , Lower Directors Remunerations, Same Profitability, more stability, less gearing and business economy. Buy Chuan Huat now for a huge discount of 74%. NTA of Chuan is now RM1.76 per share.
Chuan Huat business is quite similar with Leon Fuat. In fact, Chuan Huat manufactures Wire Mesh, BRC, Scaffolding steel and other construction tools. Chuan Huat business is even more diversified than Leon Fuat.
You guys all critisizing openly who knows maybe quietly also collecting everyday LOL!!
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Posted by probability > 2021-02-28 12:22 | Report Abuse
prestar eps 8 cents with optimistic prospect also can drop....market dominated by retailers very unpredictable...moody like teenagers