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.....
Red_Hong_Bao So called sifu.....seafood ka......everyone else do better with your call......kakakakak 25/05/2021 2:43 PM
That one moneykj fella is a seafood.....you can check his claim 30% will hit but accurate only 2-3 out of 10 calls hit 30%. We play 10% on those same call for 5-6 times with 10-15% profit also sudah 50-80% profit
I asked my members to buy another counter S thru private group for next week after selling Sersol. You 2 can continue to hold Digistar hug it day and night. Losers.
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 ____________________________________________
If you are good why want to follow my call? Make mountain or stuck at Digistar? I already issued Digistar sell call at 0.10+ but yr stubbornness cost you stuck there. Don't blame me.
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Posted by stockintalk > 2021-04-30 07:31 | Report Abuse
Resistance price RM1.60.