Astino is another boring and undervalued stock recommendation ignore by the market. I am accumulating
HISTORY to Recap In 2017 from 24 March, share price from low of 75 Sen (after reporting an impressive Q2 2017 EPS for the Qtr of 4.42 Sen with a net profit of RM12.2 mil and giving a 1H 2017 YTD of 6.46 Sen with a net profit of RM17.7 mil, on 27 March 2017 it share price opened with gap up at 85 Sen and closed at 82 Sen). Following 2017 Q3 continue good result with an EPS 4.28 Sen and a net profit of RM11.7 mil (with 2017 YTD Q3 EPS of 10.7 Sen with a net profit of RM29.4 mil) it ran to a high of 129 Sen on 21 July 2017. At 129, it was trading at PE 9 with my estimated full year 2017 EPS to be 14.3 Sen. However, share price started gap down from 113 to 105 and close at 103 after reporting a disappointing Q4 result of EPS 1.85 Sen with a net profit of RM5.1 mil with the FY 2017 EPS of 12.6 Sen and a net profit of RM34.4 mil. The lower Q4 2017 net profit of RM5.1 mil was due to an impairment of raw material of RM5 mil otherwise Q2 to Q3 trend would be maintained
UNDERVALUATION BASED ON FY 2018 EARNING POTENTIAL
Valuation based on PE8 to PE 10 with my estimated FY2018 EPS of 12.9 would range from 103 to 129. Current price
In Q3 2018 Astino reported an EPS of 3.21 Sen with a net profit of RM8.6 mil and with a 9 mth YTD 2018 EPS of 9.68 Sen with a cumulative net profit of RM 26.4 mil. I am projecting its Q4 net profit to be around RM 8.8 mil (average of 3QTRs) with an EPS of 3.23 Sen. Thus giving me a projected FY 2018 net profit of RM35.2 with an EPS of 12.9 Sen. My valuation based on PE 8 to 10 range from 103 to 129
Its Q4 result is due by end September. It share price recent low is 76 on 7 July. From 1 Aug at 80 Sen, it has moved up to 86 Sen on 9 Aug closing with a high volume of 711K shares traded. The vol of shares traded is highest since 4 April 2018.
CSCSTEEL is another Cash Rich Company with good dividends
Primarily in Cold Roil Steel production.
It supplies steel sheets to Proton, Perodua & other Car Manufacturing Companies to make Bonnets, Roofs, Doors & Other Flat steel products.
With GST removed the demand for TV panel, Bed Metal Frame (Furniture), Fridge & Fridge Door, Washing machine, Electric Oven will improve. All these are made from Flat Steel Products from CSCSTEEL.
And even more Catalyst will come when Geely starts production in Tanjung Malim PLUS the Possible Setting Up of a 3rd National Car as proposede by Tun Dr Mahathir
My friend the Awning Boss said that Astino bought flat steel from CSCSteel to manufacture Roofing materials 12/08/2018 20:19
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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....
Pilotsport
1,064 posts
Posted by Pilotsport > 2018-02-11 23:21 | Report Abuse
Eks把贴删除了。哈哈