Under this unprecedented economic environment, ULICORP domestic demand for Cable Support Systems & Electrical Lighting & Fittings Products will continue to grow and recover . The Outlook for export market is expected to soften in the near future. Efforts to further improve on products quality & customer's needs while maintaining efficient operation.
ULICORP also committed to explore various cost saving measures to relieve the financial burden & improve the CASH FLOW POSITION.
ULICORP hopes to sail through this unprecedented time & emerge stronger going forward.
As for flat steel player, United U-Li Corp Bhd, Kenanga sees earnings remaining resilient as most of the smaller competitors had diminished during the pandemic, allowing the company to regain market share and pricing power.
It believed that ULICorp should see profitability revert back to pre-competition years given the favourable environment. Coupled with its current net cash position of RM52mil as of Q4’20, Kenanga foresees potential dividends of 11.5 sen in FY21E – translating to a lucrative yield of 12% based on 95 sen closing price at the time of its report.
Shanghai steel futures surged to a new record-high above 5,700 yuan a tonne buoyed by strong domestic demand as the peak constructions season starts. Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.
Inventory lag effect will boost up ULICORP profit margin.
Red_Hong_Bao We follow money KJ 1-2 cents also make mountain liao......Priva we laugh to bank. We don't need to wait 30% hor. 24/05/2021 4:27 PM _____________________________________________
Sendiri cakap sendiri syok. Priva up you say bot and sold. Next day Sersol and Ulicorp up you will also say bot and sold earn kaw kaw.....
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-04-26 09:00 |
Post removed.Why?