Current price 134- net cash 92 =42 cents price per share. Eps a year 11x. Dividend 7%. Steel consumption will go up coming years. I buy keep for long term.
This is a cyclical stock. It earned more last financial year and declared a 9.4 sen a share dividend and price went above RM1.50 a share. Another 10 sen drop would be a very good buy.
Yes, just call for a hold will do unless the price target is 1.10 or lower. Maybe TA has forgotten that investors have to pay brokerage, stamp duties and clearing charges.
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....
Learner One
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Posted by Learner One > 2024-07-03 14:34 | Report Abuse
Current price 134- net cash 92 =42 cents price per share. Eps a year 11x. Dividend 7%. Steel consumption will go up coming years. I buy keep for long term.