What a shame to Chuan Huat still at 60 sen. ? All other steel counters are up above 100% and more except Chuan Huat. Leon Fuat now at RM1.25 a share today.
Majorities revenue of Chuan are coming from oversea to earn US dollar. Products are hardware and building materials.
Leonfb products are steel related, mostly doing local business. Leonfb fantastic earning was due to high revenue and high margin steel product. Shouldn't compare Leonfb with Chuan.
No lah. They both have the same profitabilty margins if you take a look at both their past years records. The difference for them is LF reported no write off while CH reported a more careful and prudent report by writting off bad debts and a much prudent stock value figure. The reporting styles are up to each individual entity. If I am a prudent and careful investor, I would definately choose CH for long term. I believe CH is also having a big corporate exercise coming by comtemplating a corporate merger with another bigger PLC in the near future. God bless.
World are changing fast, must act according to the trend. The trend is at Chuan Huat Resource side that make majorities revenue and earning from oversea that mostly in terms of USD. The USD will become stronger due to interest hike in US that estimated in the early 2023.
Malaysia sectors metals(steel/Aluminum/copper/tin) companies as below:
Even new steel company like Tashin is in the list :
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 297 views | 1 d ago
0:17
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 11496 views | 10 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....
thesteward
6,781 posts
Posted by thesteward > 2021-05-03 20:04 | Report Abuse
Will rebound I believe