Don't be greedy. Just take profit. Still got many waiting to sell. The price is at all time high now. Everyone is holding at a lower price except a few who chased. Buyers are not coming as the price is already too high. Yesterday only 46 sen. Today selling at 60 sen!
17. Commentary of prospects Notwithstanding the current global business environment, the Board of Directors of Eonmetall anticipates the performance of the Group for the financial year 2016 to be encouraging given the increase in demand for racking and machinery.
I chase high & buy at 60.5 cents because I believe Emetall is the next Chee Wah in 2016.
I just wonder why suddently the racking and machinery demand become so high, is it related to steel price recently increase high because of steel product import retrict by gorverment , causing steel maker in the country buy more machinerry for produce their steel product? Anyone know better the reason ?
I not an analyst...but Rhb "We see growth potential for both its steel products and machinery divs, driven by capacity exp and decent demand resp. We estimate the value of the stock atRm0.90 pegging it to 8x 2016 p/e"
You raise a good question. We need to find out what is the historical percentage of the racking and machinery business in terms of revenue. Need to check the previous quarterly reports
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....
superfly
519 posts
Posted by superfly > 2016-05-25 09:20 | Report Abuse
kebabommmm...