Expecting to secure big order estimate 500-800m from Japan partner soon, after China curb production. Macquarie bank subscribe big portion, something is cooking.
Needed to raise 5m+from private placement. The chairman and directors seem poor and cannot afford the 5m. This company has. O future. Run is the answer.
Steel is cyclical and it makes sense to look at the company performance over the cycle. From 2009 to 2022, YKGI had an average ROE of negative 26 %. The Bursa steel sector mean ROE over the same period averaged negative 1%. I think there are better companies from a fundamental perspective https://focusmalaysia.my/its-been-a-tough-12-years-for-bursa-malaysias-steel-companies/ had an average
Asteel has excellent prospect. Just yet to turn it to tangibles.
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Posted by izoklse > 2021-06-14 18:22 | Report Abuse
heheh very nice :-)