Very creditable and strong profit performance for 3 QR. Hopefully,recovery process continue to next quarter(QR) considering the strong steel price in the global market even though recently has somewhat stabilised. Read from : https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665
Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,
the clock is ticking down for you.
ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely
ALCOM manufacture, supply :
Aluminium interrelated products Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021 Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021 Historical high price now, as per May 2021 period , comparing to April 2020 ,then was USD 1,460.00 per metric ton
Recent good announcement by Alcom / 2674 on 23 Feb 2021 On the financial quarter with revenue RM 109,633,000.00 Record profit -for this financial quarter RM 10,074,000.00 *** EPS : 7.50 *** = record
Recent good announcement by Alcom / 2674 on 25 May 2021 On the financial quarter with record revenue for this quarter RM 139,828,000.00 *** Consistent profit -for this financial quarter RM 7,398,000.00 EPS : 5.51 *** = record
Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03 Annualised per year 24.03 cents x 10 PER (price earning ratio ) Intrinsic value RM 2.40 less 30 % discount, Final mid term target price RM 1.68
surge to limit up For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )
Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement 21 May 2021 --
surge to limit up Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed) Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )
Steel counters especially Choo Bee, Ann Joo will provide uptrend momentum for steel, aluminum sectors, Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.
Quick take: Southern Steel rises 10% on turnaround
KUALA LUMPUR: The market reacted positively to the latest financial results from Southern Steel Bhd and its shares were up over 10% in early trade.
The steel products manufacturer advanced 10.05%, or 9.5 sen to RM1.04 with 1.9 million shares done. It has appreciated some 20.4% so far this year.
In the third quarter ended March 31, Southern Steel posted a net profit of RM40.83mil against a net loss of RM37.58mil in the same quarter last year.
Its revenue rose 4.87% to RRM493.27mil in the quarter ended March 31 from RM470.36mil previously.
In the first nine months to March 31, it posted a net profit of RM23.45mil versus a net loss of RM418.12mil.
However, its revenue for the period was 19.3% lower at RM1.38bil from RM1.71bil previously.
Southern Steel said although there was an improvement in the group’s performance, market conditions remained uncertain due to the Covid-19 pandemic.
“The group will continue to be responsive to market changes and the board expects to remain profitable in the final quarter of this financial year,” it said.
Shanghai steel futures broke the CNY 5000 per tonne mark, the highest since late October, amid limited supply, rising iron ore and nickel prices, and prospects of a boom in demand. Production in China is likely to be constrained in the first quarter due to factories maintenance, the Lunar New Year holidays, and efforts by the government to limit pollution during the Beijing Winter Olympics. At the same time, prices of steelmaking ingredients nickel and iron ore remain elevated, with possible supply disruptions in top iron ore exporter Australia due to a surge in coronavirus cases. Meanwhile, there are prospects demand in China will increase in the second quarter of the year as the construction and infrastructure sectors pick up and the Chinese authorities adopt stimulus measures to shore up the economy.
The steel sector is a tough one to make money. Over the past 14 years, the Bursa steel sector had an average ROE of negative 1%. Southern Steel in comparison did worse with an average ROE of negative 4%. Is there hope for the sector?
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Xxxting
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Posted by Xxxting > 2021-05-05 00:05 | Report Abuse
u guys tp for this counter?