Bonus share taken into account for share price, number of shares have doubled so the price has halved. They will credit the bonus shares into your CDS account on 3/9/14
I bought this share at 0.785, drop till 0.695, duno what happen to this share. Hopefully it will announce some good result then the share only will goes up again. Actually the share not that bad, this few years also making profit, PE only 6++, dividend yield 4++%, only things is high short term loan.
Astino's latest financial results were not good, a drop from last year's. Compare with Ajiya, this counter fares very badly even though both are doing the same roofing business. Ajiya has an addition source of revenue from glass manufacturing. Can any one has any idea why Astino is not doing so well whereas Ajiya's business is getting better?
Astino revenue is mainly from metal roofing. A cut throat area in building material supplies with gross margin of 4%-6% at best. Drop in RM also has an impact on raw mat...which are mainly imported. Averagely the raw mat cost has increased by 12-15%. One may argue that the raw mat can be sourced locally from local steel players but their cost also shoot up due to weak RM.
Ajiya fares better as they are more diversified with more products. Ajiya has more good news to come. I can see that their quarterly result will only gets better when the new business segment contribution increases over time.
Astino share may rise over some rotational play but certainly not sustainable as it lacks fundamental compare to it's peer.
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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....
stockoperator
936 posts
Posted by stockoperator > 2014-07-13 21:21 | Report Abuse
you will minimize making a mistake after you read ten years report.