Earning 1HY allready 7.1 Sen. Yes around 15 Sen seems possible if no impairments etc. With earnings of 15 Sen the price should go up between Rm 1,20-1,50
Still extremely cheap. Compare with powerful surge of Masteel which is much more in the spotlight. Emetall could go to Rm 1.50 and then is still not expensive because of special patented technology for the palmoil industry.
Morphues, it is about technology in order to extract more residual oil (up to 80%) in the palm oil equipment. This is exploding business. I think you could find more info in the annual report.
1) Company has incorporated new subsidiary named EONMETALL CAROTENE OIL SDN BHD, this will do business segment as BOT, build operate and transfer for PKOE plant. 2) The strong profit margin generated from sales of PKOE plant is about 30%, this will increase further as currently Company to explore further market opportunities with GLC companies in Malaysia and also in Indonesia market 3) The lowest margin in this year for steel manufacturing segment will be improved due to cost pass by mechanism and USD weaken will save raw materials cost. Besides, steel racking business is improving.
3 white soldiers mean 3 days white candle, the price will move to the region between 0.90 to 1.00 first. TP will be around 1.20 once broke 1.00 resistance.
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....
coecoe
150 posts
Posted by coecoe > 2017-06-22 09:18 | Report Abuse
Insiders bought 1,3 mio shares on june 16th. Always a good sign