And also not to mention from their share of associates profit is 3 million, and prestar holds 30% of the JV with Posco MKPC this indirectly tells us that posco mkpc has bout 10 million profit in year 2016 and posco is the 4th world's largest steelmaker...
This stock have progressive growth since Q1 2016 & also have dividend for total 3 cents per year. With current price(89.5 cents), the PE is just 6.5. It deserve at least PE 8 for it.
future prospects of this company is good as being stated in their latest quarter. just continue to hold and wait for it to go up steadily. current PE is 5.87 according to my HLE platform.
At 87.5 to 88 cents is the actual value for prestar judging from its eps and pe... this stock shall slowly further show potential value in the future... so just wait and be patient
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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....
probability
14,481 posts
Posted by probability > 2017-02-23 20:00 | Report Abuse
thanks $$-sifu....leont...i have not set TP...i am going to hold on to it at least till next qtr results..
The recent advertisement on job opportunities in Prestar all sings the same tune...have a feeling this is a super growth company.