Dividend date is in mid year. I am hoping management to give another dividend coming QR if business is getting better and better. My tp is above RM1. Haha
if 4Q steady as 3Q PE 8 price can be RM1.30. Can easily double up theoretically, Now see how market react esp. market maker. IF response is good, tmr limit up. This counter need more exposure if want to be another mycron.
From biz prospect, directors said local demand is sluggish plus weakness in ringgit has bad impact I think is the material cost? Also remaining period biz is challenging. You also need to gamble on steel prices. Conclusion, Prestar is slightly undervalued with record PBT of 12m @ 0.63 but its prospect simply spoils the party.
abb9500, out of so many steel counters i only have Prestar in my portfolio currently as most of it has appreciated by 100% to 200%. What more to expect, take profit la. The reason i concentrate in this company is 1st. : it had been consistent in delivering +ve results for at least 4 consecutive years + decent dividend payment, 2nd. due to limited available fund, 3rd this counter has been a lagger compare to others if you really do a PE calculation.
If you closely look into the net margin which is merely 6%, any additional cost impose will surely pass down the line as it effect the would industry as a whole. With this margin i conclude that this business is straight forward trading business with bright prospect cos budget will surely touch on ECRL and HSL besides the on going MRT, LRT, new expressways.
The closure of cronyism Megasteel has broadly improve the margin command by the industries and u expect Gov make U turn so fast.
For a bright investor, during this bearish enviroment, one should choose lagger stocks with bright prospect. If tmr opening price is below 0.660 i would like to add a least 200,000 lot on top of 80000 already on hand, how about u??
I just cannot trust NS royal family's counter.Melewar was formerly named Maruichi.It was cash rich till they take over.They even borrowed money from bank to pay a handsome payout a few yrs back when they push to I think is about 4.9 before coming all the way down!
Maruichi has been taking over by MELEWAR, then change it's name to MYCRON now.
Melewar start diversify into Power plant asset in Thailand through Mperial.Because of low demand for the take up rate , the investment end up a lost . Things start changing now, with positivetly may let go the power asset to a Thai PLC of which MOU has been signed. Hope to hear disposal new by early of 2017 .
Most of the time the TP is beyond my control, and for this ctn. i set it at RM1.00 which i think a realistic figure. Unfortunately 75 is a jinx number that so hard to penetrate and lets see how the vol. built up starting tomorrow. No selling anything lesser that 0.75~~ 0.80.
Nowadays, with so many uncertainties i notice many merely aim for 10-20 cents appreciation. My recent encounter in FBBLD which suppose to bring me 15K profit if i'm not too stiff on my own TP which i set at 1.82. Lesson learn if price really u-turn i will probably unload 30-50% of my holding and by back when cheaper time but i can assure u Prestar will be a mid to long term investment unless fundamental change.
My principle always be big holding (Big lot) always try to be as patient possible, hope to win jackpot. Small holding which lies bet 10000 - 30000 lot is mostly for intra or short term position to make some lunch money. Cheers!!
venfx,if I remember correctly,Maruichi was changed name to melewar,Mycron is one of the subsidiary which they list it,can't really remember I think between 1.4-1.6!
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muscular
280 posts
Posted by muscular > 2016-09-26 13:53 | Report Abuse
buy prestar now is safer than other steel.. tis one laggard