Can China stem the global rise of inflation? Trillions of easy money printed ‘everywhere’ globally so we all could do the math. Some hedges in commodities are good. Oil already picking up the pace.
HamsterHuat. It is indeed possible, with increasing EPS each quarter, and how little float in the market, calculating at PE between 8-10, RM2.50 is definitely achievable early next year. Lets see the upcoming QR and we can tell the accuracy of this analysis.
Also, as we all know, whenever there is BI, usually the price will UP UP UP. So yes, unless there is an unforeseen circumstance, the price direction should be towards one direction only, since the covid situation has already factored in by the market.
does anyone know when is the QR coming out? Need to look at the next EPS to analyze the current movement, it seems like the operator is pressing the price down just to accumulate more shares before the announcement of a good QR.
fed hikes are coming, but it is not so soon, and any knee jerk effects are great for the courageous investors that dare to make a huge move in anticipation of better upcoming QRs!
QR is likely to be released at the right time (if the QR is excellent, means a profit of 20m, >15% QoQ), where the trend is going up to elevate the entire steel cycle into a new high, which is the superbull. Lets wait and see!
QR sui sui ah! Looking at TP of RM2.50 by early next year, increasing EPS even during this kind of market condition, imagine after this FMCO, things will shoot up even faster and stronger. Hold on to your seatbelt!
Just be patient, its EPS for this QR is 8.46, which is 33% higher than last quarter, and the demand for steel will only increase with the recovery theme, unless you are telling me that demand for steels post-covid will be lesser than during covid, then its fair value should be RM2.50, and probably could reach by early next year!
A big potential growth stock to buy in this miserable time, at least the demand of steel globally will not drop and has a great potential to hit for higher profit in near future, just like KYY said.
Actually agree with KYY's analysis. Look at ASTINO latest QR and you will tell how power is the growth of this steel industry. The demand for steel is heading towards one and only direction, which is up up up, and MY is having this lukewarm market sentiment (neither high or low) and is probably the time each stock will show its true value in the second half of the year. Steel counter would be benefited greatly!
Actually, if you are an investor now is a good time to collect. If you read a few annual reports from multiple steel companies, management said the price will probably consolidate in the near term before going up. This is because China and India preventing the export of their steel. Another good article is that currently China trade war with Australia causing slowing import of iron ore. However China does not have its own resource, hence this will pick up later due to stock depletion. Australia produces 50% of the world's iron ores.
I believe due to current MCO sentiment is rather poor. But that's when u want to buy. When the market does not want them. Consider this as a hedge from the world's inflation. Govs around the world printing money, inflation is here to stay in foreseeable future. You cannot print money and hoping prices stay the same. This provided economy is running normally, which we will get in 3-6 months time.
The whole market is plunging, the current lockdown is likely to hurt ASTINO earnings for 4Q21, but I believe it's earnings will rebound strongly after the lockdown was ended due to favourable demand and high selling price.
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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....
nagasaran93
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Posted by nagasaran93 > 2021-06-15 16:22 | Report Abuse
Hi sifu, today astino released a document in Bursa. According to my understanding, the bonus issue is splitted or just add-on share???