Posted by Collin Soo > 2017-04-13 17:03 | Report Abuse

kentg03: good for steel counter?

Posted by kentg03 > 2017-04-13 17:26 | Report Abuse

Yup, all the steel counter went up after 4pm.

Posted by nicky11 > 2017-04-16 11:57 | Report Abuse

Seems like steel counters will be re-rated due to import tax extended to 2020.

Posted by AllWin > 2017-04-16 14:00 | Report Abuse

Where is the news? Lol

Posted by leont > 2017-04-16 15:33 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/04/13/govt-imposes-safeguard-duties-for-rebar-and-other-steel-products/

Posted by Fazhli Roslan > 2017-04-17 15:17 | Report Abuse

coming

Posted by Abang Mad > 2017-04-21 09:28 | Report Abuse

today looks good start

Posted by Abang Mad > 2017-04-21 09:29 | Report Abuse

0.965

Posted by Mgician > 2017-04-21 09:48 | Report Abuse

nice ~~~

Posted by Hao1983 > 2017-04-21 10:01 | Report Abuse

Even at RM1 still an undervalue hidden gem..... with such a low PE and fair dividend

Posted by Collin Soo > 2017-04-23 11:20 | Report Abuse

Got report on <The busy weekly> magazine, should be attract more investors next Tue.

Posted by nicky11 > 2017-04-24 00:02 | Report Abuse

https://www.pressreader.com/malaysia/the-busy-weekly/textview
Can go to page1 for Prestar review.

Posted by probability > 2017-04-24 00:55 | Report Abuse

Despite the rising cost of natural gas last year, coupled with a higher minimum wage threshold, let many manufacturing companies earn a lot of erosion, but engaged in iron and steel processing of HONGDA resources (PRESTAR, 9873, motherboard industry unit), net profit margins do not fall back, at the same time, the benefits than currently only 6.96 times times, the performance of the company has a great impact on 3 major factors is the key.


The annual closing of the $2016 billion December 31, in the annual revenue of the $621.48 million, a year of 0.74%, but the net profit increased by 128% to 24.34 million Ji. The company's 5-year revenue in the 600 million ringgit between the annual composite growth rate (CAGR) is only 1.4%, but the net profit is increased year by the year, 5 years of annual compound growth rate of 38.9%, significantly higher than the growth of revenue.


Last year is hung Tatsu resources of the past year, net profit margin of 3.9%, is the financial turmoil in 8 years after the average earning 1.6% of 1 time times, Hongda last time can achieve such a high margin, is 2007 fiscal year of 4%.


Judging from past performance, the profit margins of the company are a watershed in the 2015 fiscal year-end (October-December) and the 2016 fiscal year (April-June). The 2015 fiscal year is the company's POSKO-MKPC, Inc., hung up to a deficit for a profit season. And the 2016 fiscal year in the quarter is the company in obtaining cheaper raw materials, gross margin after years of breakthrough 10 11 around the bottleneck, a stroke of 14.68% quarters.


It was these 2 turning points that allowed the company's net profit to increase by 128% last year.


Management also explained in the quarterly bulletin that last year's net profit growth was attributable mainly to 3 reasons, namely, the rebound in international steel prices, the lower supply of raw material prices, and the profitability of joint ventures.


1. International Steel Price rebound


As the middle and lower reaches of the steel processing industry, the higher price of steel can improve the average price of the company's overall product, thus obtaining a better profit. Hongda Resources is a holding company, its subsidiaries mainly produce the use of trolleys, casters, etc., also engaged in steel processing and production of steel products, metal and steel products trade. In addition, Hongda Resources for automobiles, electronics, electrical appliances in the field of steel coil (steel coil) processing services.


According to Bloomberg data, the steel composite price index has fallen since 2012, and in 2015 year reached the lowest level of RMB 2073 per tonne. At this time of China, in 2015, the steel production of up to 822 million metric tons, is the global steel production of 49.2%, can be said that this wave of overcapacity is the culprit.


February 2016, the Chinese government planned to reduce the capacity of 100 million-150 million tonnes of steel in the next 5 years. China has aggressively defused the excess capacity of steel and has made the steel price rebound 2016, and international steel prices from the 2015 average of 2451 billion per tonne of RMB, progress 14.61% to 2809 RMB, at present prices for 3465 RMB per tonne.

Posted by probability > 2017-04-24 00:56 | Report Abuse

2. Lower prices of supply raw materials


In last year's quarterly bulletin, Management said that because of the closure of local manufacturers, the company could buy finished products from other suppliers, and indirectly save a lot of costs. According to reports, the Golden Lion Group's best Steel (Megasteel) in the last year closed snow state Banting plant, breaking the past must buy a specific number of local hot rolled steel coil regulations, the local steel industry to lower prices from overseas imports of hot rolled steel coil.


Cold rolled steel coil is mainly used for the production of electrical products, and the main raw materials are hot rolled coil.


It should be noted that Mei Jia Steel is the first domestic hot-rolled steel coil producers, and in the United States, after the production of steel production, the current only South Tatsu steel (SSTEEL, 5665, motherboard industry unit) has produced hot-rolled steel coil, it is difficult to meet domestic demand.


According to the MA Steel Industry Federation (MISIF), the total production of hot-rolled steel and cold-rolled steel in 2015 is only 1.5 million metric tonnes, but the total consumption of 2 products is up to 3.97 million tonnes, so the domestic steel industry must rely on imports to fill the gaps.


Domestic hot rolled steel coil and cold rolled steel coil manufacturers of the average capacity utilization rate of only 22%, this is the cause of the Mei Jia Steel year after year loss, eventually have to shut down the plant, the future want to restart the plant will be time-consuming, the short-term possibilities, which also means that HONGDA will continue to import cheaper steel from abroad, and retain the current earning.


3. Joint ventures to profit


Hongda Resources company POSCOMKPC Company because of foreign exchange and steel price factors, since 2014 the fiscal year has plunged into a loss, indirectly drag hung Tatsu resources; POSCO-MKPC Company successfully transferred to the deficit last year, the annual contribution of 3 million Ji, accounted for the company's net profit of 12%. Obviously, although Hong Tatsu resources only hold 30% stake, but the performance of POSCO-MKPC company, but significantly affect the profitability of the company earnings.


POSCO-MKPC Company is mainly from the parent company South Korea POSCO (POSCO) Imports of raw materials, and steel coil cut and cut into the automotive, electronics and construction use of automotive steel, cold-rolled steel, hot-rolled steel, steel sheet, stainless steel, galvanized steel and other products. The fluctuation of the exchange rate and steel price of the won and the POSCO-MKPC company is about 2 major factors of performance, so long as the exchange rate and iron price can stabilize, it is not difficult to believe that the company will continue to surrender good grades in the future.


Huang Minghui, a securities analyst who accepts "Huiyuan", said that the highway guardrail, steel racks, stainless steel tubes and hollow profiles produced by Hongda Resources could benefit from the booming construction industry.


It is worth mentioning that the company's director, Du Youping, in the early 2016 to date, through the market to buy and subscribe to the employee's share allotment of 4.61 million shares, and the family control of its stake to a slight increase to 51.13%. Du clan is through Fabulous Essence Private Limited Company, and Y.K.TOH Industry Private Limited Company Control Hongda Resources. The amount of shares issued by Hongda Resources is 186.23 million shares

Posted by leont > 2017-04-24 09:03 | Report Abuse

Hopefully to break RM1 tomorrow....

Posted by Collin Soo > 2017-04-24 21:35 | Report Abuse

Hopefully to break RM1 tomorrow + 1

Posted by Pusher_Punisher > 2017-04-24 21:41 | Report Abuse

tomorrow another gap up.

Posted by sineo > 2017-04-25 12:24 | Report Abuse

With the recent article quoting that the higher profit due to factor with cheaper import raw material but with higher USD and also import duty extended does not seem to favourable Prestar profit margin right? unless even with import duty added in the import price of the steel still cheaper than buy domestically?

Posted by nicky11 > 2017-04-26 08:33 | Report Abuse

Personally feel the profit margin for incoming result should be comparable with last quarter. Prestar can get the raw material from Posco . The material cost should be slightly cheaper than market price.

Posted by paperplane2016 > 2017-04-26 13:54 | Report Abuse

Stock God asked buy, I BUY AND SAPUUUUUUUUUUU

Posted by paperplane2016 > 2017-04-26 13:54 | Report Abuse

http://www.investlah.com/forum/index.php/topic,77967.0.html

Posted by paperplane2016 > 2017-04-26 13:54 | Report Abuse

EPS 4.8 sen x 4 = 19.2 sen x PE 10 times = RM1.92

Posted by paperplane2016 > 2017-04-26 13:54 | Report Abuse

I guess in 12 months it will reach there

Posted by abangadik > 2017-04-26 14:15 | Report Abuse

In stockgod I trust!

Posted by VenFx > 2017-04-26 14:17 | Report Abuse

Big Boom ,,, if RM strenghtened to 4.00 vs 1.00 Usd .

Posted by Star8888 > 2017-04-26 14:47 | Report Abuse

Sapu...

Posted by Collin Soo > 2017-04-26 15:19 | Report Abuse

Selling pressure is high.. need to be patient

Posted by nicky11 > 2017-04-26 15:47 | Report Abuse

Paperplane & StockGod sifu pun mari liao~

Posted by nicky11 > 2017-04-26 15:50 | Report Abuse

ESOS again...this time volume is not so high: 132,900 units.
https://klse.i3investor.com/additionalListing/9873/26-Apr-2017/16710_1170635874.jsp

Posted by younginvestor92 > 2017-04-26 15:54 | Report Abuse

how about 226m of debt?!

Posted by younginvestor92 > 2017-04-26 15:55 | Report Abuse

it is even bigger than current market cap

Posted by paperplane2016 > 2017-04-26 15:58 | Report Abuse

buying more Prestar now

Posted by paperplane2016 > 2017-04-26 15:58 | Report Abuse

In STOCKGOD I trust!

Posted by paperplane2016 > 2017-04-26 15:59 | Report Abuse

cashflow around 60mil easily every year. in 4 years time it can turn net cash. But we need to monitor how management managed the debts and cashflows.

Posted by probability > 2017-04-26 16:00 | Report Abuse

who is this stockgod..very powerful person is it?

he has no id in i3? only reside in investlah?

Posted by Ggwpbro > 2017-04-26 16:04 | Report Abuse

Gosh receivables getting higher and higher everywhere, credit control beh sai? Got high profit also no use. High inventory too.

Posted by paperplane2016 > 2017-04-26 16:14 | Report Abuse

Yes! STOCK GOD calls MUST FOLLOW!
SUPERLN, 300%
RCECAP 100%

many many more lah

Posted by VenFx > 2017-04-26 16:26 | Report Abuse

Will take note,,,
thx to plane2016

Posted by paperplane2016 > 2017-04-26 16:45 | Report Abuse

Rgb also, WZsatu-wa previously, MHC plantation,

Posted by paperplane2016 > 2017-04-26 21:56 | Report Abuse

How u know

Posted by latlut > 2017-04-27 09:41 | Report Abuse

Prestar Resources Bhd and PRESTARIANG BERHAD are different companies

Posted by lkwah86 > 2017-04-27 10:41 | Report Abuse

TUAN HAJI FADZLULLAH SHUHAIMI BIN SALLEH (a company director) disposed 50,000 shares at 0.980 on 21-Apr-2017.

Posted by nicky11 > 2017-04-27 11:20 | Report Abuse

Today is ESOS day, share is expected affected. Just take this opportunity to buy on weakness

Posted by lkwah86 > 2017-04-27 21:29 | Report Abuse

dividend announced

Posted by nicky11 > 2017-04-27 23:51 | Report Abuse

Finally announced the ex date... Let's see how the market react after that

Posted by paperplane2016 > 2017-04-27 23:57 | Report Abuse

8888 is a joker

Posted by i7trader > 2017-04-28 09:26 | Report Abuse

Sideway damn long time, it's time to breakout! Come on!

Posted by Collin Soo > 2017-04-28 09:31 | Report Abuse

End May: AGM and QR; June: dividend ex-date

Posted by leont > 2017-04-28 09:44 | Report Abuse

Maybe will hit RM1 today..... ann joo also on the surge

Posted by Collin Soo > 2017-04-28 09:50 | Report Abuse

The volume is not big enough