ASTEEL GROUP BERHAD

KLSE (MYR): ASTEEL (7020)

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Last Price

0.095

Today's Change

+0.005 (5.56%)

Day's Change

0.095 - 0.095

Trading Volume

10,400


2 people like this.

1,428 comment(s). Last comment by UnicornP 2 weeks ago

Stock_god

2,808 posts

Posted by Stock_god > 2018-11-02 11:39 | Report Abuse

Michael Liang Now the shares is only 24sen.you don't buy now and when are u all going to buy.like REV last month 28sen and today is 40sen.do u all want to wait until 50sen then buy.many of the penny stock have up 100per cent already.
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so if follow ur buy call then today need cut loss at 0.18 already

Daily8

3,858 posts

Posted by Daily8 > 2018-11-03 10:05 | Report Abuse

BE CAREFUL ON MONDAY..

Peteryy

358 posts

Posted by Peteryy > 2018-11-04 17:25 | Report Abuse

Dangerous

Daily8

3,858 posts

Posted by Daily8 > 2018-11-05 10:21 | Report Abuse

YKGI disposed at extensive loss of 110.24mil upon disposal of the plant in Klang.

Plant valued at 232.4mil but only sell at 125mil. This is crazy man!

oranje

1,003 posts

Posted by oranje > 2018-12-25 14:55 | Report Abuse

the sum of all fears gripping financial world this christmas eve

rejoice rejoice emmanuel will come to you o'stock players

love was when a son of a carpenter walked in history

bewdiful, bless
24/12/2018 23:32

oranje

1,003 posts

Posted by oranje > 2018-12-25 14:55 | Report Abuse

post xmas boarding call.....................

Veron_teo

1,492 posts

Posted by Veron_teo > 2018-12-25 15:04 | Report Abuse

lol tp 1 cent.

Hush77

1,263 posts

Posted by Hush77 > 2019-01-03 17:14 | Report Abuse

what happen to this company.. i thought got japanese investors......

suare_pro

50 posts

Posted by suare_pro > 2019-01-20 19:37 | Report Abuse

stay tune....iron sector will move

e98a

63 posts

Posted by e98a > 2019-01-30 09:30 | Report Abuse

Coming back:)

e98a

63 posts

Posted by e98a > 2019-01-30 09:31 | Report Abuse

New year ANGPAO, haha

djibaok

1,182 posts

Posted by djibaok > 2019-02-18 23:02 | Report Abuse

LONGKANG MASOK

Infiltrader

1,463 posts

Posted by Infiltrader > 2019-02-21 06:49 | Report Abuse

KUALA LUMPUR (Feb 20): YKGI Holdings Bhd saw its net loss widen to RM122.97 million or 35.07 sen per share in the fourth quarter ended Dec 31, 2018 (4QFY18) — an amount that is almost three times more than its market capitalisation of RM47.34 million.

9124641

5 posts

Posted by 9124641 > 2019-02-23 04:25 | Report Abuse

is reduce capital omg$$$$$$gone

Soleha

24 posts

Posted by Soleha > 2019-03-12 16:50 | Report Abuse

Welcome pn17

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:05 | Report Abuse

sarawak election fever coming laa..

YKGI is sarawak one

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:06 | Report Abuse

Anti steel dumping tax imposed on flat steel product import from vietnam and china
Beneficiaries = YKGI

Double booster la

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:20 | Report Abuse

goreng goreng sarawak.... go go goreng la

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:21 | Report Abuse

Wont PN17.. because YKGI team up with Ajiya to do roofing..

Sarawak need a lot of roof and affordable housing.. YKGI diversifying to that area..

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:23 | Report Abuse

now YKGI dun want to sell only flat steel roll.

Want to put in more effort to sell improved goods.. So go chance since so low..
Somemore target sarawak
Somemore sarawak election

Somemore sarawak got a lot of roof leaking water, need to go change roof give people better roof laa

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:50 | Report Abuse

KUCHING: YKGI Holdings Bhd, which owns manufacturing facilities in Sarawak and Sabah which produce metal roofing products, is expanding to Peninsular Malaysia.

The expansion plans for this downstream business in the peninsular, via wholly-owned subsidiary Asteel group, would be through joint ventures or acquisitions of existing metal roofing firms, according to executive deputy chairman Datuk Soh Thian Lai.

“The company has identified several potential ventures and is in the midst of evaluating its potential ventures,” he said.

Asteel has manufacturing plants in Kuching, Bintulu and Miri in Sarawak and Kota Kinabalu and Tawau in Sabah.

The other four plants manufacture roll-formed roofing and related products.

Lai said Asteel group had targeted to invest in two other production facilities in Sabah and open two more concept stores in Sarawak as part of the business expansion plans.“Asteel group also intends to expand its presence to Kalimantan,Indonesia,” he added.

The group currently operates seven “enviro” concept stores in Sarawak, Sabah and Selangor.These stores trade building materials and hardware.

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 10:50 | Report Abuse

So now sarawak theme hot hot goreng... Dun miss out YKGI lataer 20 30 40 cents

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 11:52 | Report Abuse

get ready lo.. all ready to hoot up already

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 11:58 | Report Abuse

all the hot money will target here soon!

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 11:59 | Report Abuse

all hot money from naim, dayang, perdana, carimin.. all get ready to aim and boom

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 12:27 | Report Abuse

0.12 already almost habis and later 2.30.. burst!!!

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 12:27 | Report Abuse

all focusing

YKGI!!!!

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 12:42 | Report Abuse

Ykgi ad clean sheet disposed everything write down impairment all done...
So now anti steel dumping tax come in..
All import kena 15%

Is ykgi time already..

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 14:11 | Report Abuse

starting on fire

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 15:03 | Report Abuse

all quiet quiet one ah?

shareking1

822 posts

Posted by shareking1 > 2019-03-14 15:05 | Report Abuse

Ykgi is one of the Sarawak company share.

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 15:52 | Report Abuse

4pm maybe will start big engine???

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 15:52 | Report Abuse

Yea YKGI is sarawak home grown company.. They already sell klang factory all focus back in sarawak only

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 16:14 | Report Abuse

coming.. alert..
Sarawak power coming

shareking1

822 posts

Posted by shareking1 > 2019-03-14 16:25 | Report Abuse

Lai liao

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 16:47 | Report Abuse

Ya lai lai lai...
sarawak + flat steel!!!

targetinvest

2,659 posts

Posted by targetinvest > 2019-03-14 16:48 | Report Abuse

confirm goreng

Posted by Michael Liang > 2019-03-17 18:30 | Report Abuse

I have been waiting for a long time

Posted by commonsense > 2019-03-18 14:58 | Report Abuse

This is a loss-making steel company for the past 5 years. There was some appeal in the stock last year due to the potential disposal of the company’s previous Klang plant. Initially, investors were expecting that the plant would be sold at near its asset value of around RM220mil (after deducting debt its net book value was almost RM80mil). But this did not materialised. The sale of the plant at only RM125mil to NS BlueScope represent a very steep discount to the value recorded in its balance sheet hence the reason for the massive losses in 4Q18.

Please take note that as of 4Q18 the company equity to shareholder was only RM44.5mil which is only 25.2% of the share paid up capital. If the company record another quarterly losses of more than RM2mil (which is most likely will be the case), it could potentially fall under the PN17 status. A company will be put under the PN17 status if the equity to shareholders falls below 25% of the paid up capital.

If you are looking to hedge your portfolio outside of YKGI (due to its weak earnings outlook and potentially falling into the PN17 status), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.5x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

B4b4

7,586 posts

Posted by B4b4 > 2019-04-09 12:59 | Report Abuse

Ygki is going to downstream business which is good because of lesser costs and higher volume of sales.

B4b4

7,586 posts

Posted by B4b4 > 2019-04-10 08:51 | Report Abuse

Lots of construction projects previously shelved have been reviewed.

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-06-10 00:13 | Report Abuse

Sign of Bottoming Out

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-07-22 20:08 | Report Abuse

worst might be over but future still don't look good

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-07-27 16:18 | Report Abuse

Today Quiet Laggard Maybe Future Quantum Leap

ZhugeNemo

208 posts

Posted by ZhugeNemo > 2019-07-31 20:46 | Report Abuse

Uptrend with volume today

Posted by limchubeng > 2019-07-31 22:12 | Report Abuse

31/7 up 20%, any news?

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