Posted by shunfeng2032 > 2017-05-02 09:40 | Report Abuse

wah...ayam jantan kereta producer stock also so hot? really bull market coming.

Posted by goyangkaki > 2017-05-02 09:47 | Report Abuse

wow 2 cent dividend better than my expectation...:)

Posted by Mgician > 2017-05-02 09:48 | Report Abuse

paper so excited ...

Posted by probability > 2017-05-02 10:10 | Report Abuse

paper..please invite stockgod to i3.....we need more sifus here

Posted by nicky11 > 2017-05-02 10:11 | Report Abuse

Hi Paperplane, u plan to put how many % of total your total investment fund into this stock?

Posted by leont > 2017-05-02 10:16 | Report Abuse

Hopefully there is more to come for Prestar as q1 2017 results will be released this month.... expecting 4c eps

Posted by paperplane2016 > 2017-05-02 10:58 | Report Abuse

As per normal max 20% allocation one stock

Posted by paperplane2016 > 2017-05-02 10:58 | Report Abuse

Now only 10%

Posted by Star8888 > 2017-05-02 11:06 | Report Abuse

Top up 1.02 just now. My biggest holding now. Easily 2.00.

Posted by Hao1983 > 2017-05-02 11:41 | Report Abuse

good to collect now before the result is coming out since a lot of sell queue.. think some financial institution is selling

Posted by probability > 2017-05-02 11:59 | Report Abuse

management want to dispose asset elsewhere and invest locally...a simple sign of optimism in local market and growth potential

Posted by paperplane2016 > 2017-05-02 13:04 | Report Abuse

Probability, it's because of govt policy changes

Posted by Henry Chan > 2017-05-02 13:58 | Report Abuse

new high today can buy?

Posted by paperplane2016 > 2017-05-02 14:42 | Report Abuse

See? When above rm1 ppl ask can still buy. .hehehe

Posted by Henry Chan > 2017-05-02 14:49 | Report Abuse

pls advise me paper sifu

Posted by Henry Chan > 2017-05-02 15:51 | Report Abuse

nvm.

Posted by probability > 2017-05-02 15:57 | Report Abuse

prestar is a finish product producer...it deserves a greater gross profit margin than current. its not a bulk manufacturer like Masteel or Ssteel..or Annjoo...

there is a lot of value addition per unit ton steel processed..

its true potential is yet to be unleashed.

Posted by Henry Chan > 2017-05-02 16:06 | Report Abuse

i bought some at 1.03

Posted by nicky11 > 2017-05-02 16:12 | Report Abuse

At price 1.03 now, its PE at around 7.4. With current steel theme and incoming QR should be good, Prestar is deserved for better PE. Now is only the beginning of people giving a fair judgement on its value.

Posted by paperplane2016 > 2017-05-02 16:30 | Report Abuse

Well, whole industry shall be re rate for better environment. Pe shall be set minimum 15

Posted by paperplane2016 > 2017-05-02 16:31 | Report Abuse

Well, whole industry shall be re rate for better environment. Pe shall be set minimum 15

Posted by paperplane2016 > 2017-05-02 16:31 | Report Abuse

Stock god is conservative setting tp at only pe 10. If pe 10, this stock shall be rm2.88

Posted by paperplane2016 > 2017-05-02 16:33 | Report Abuse

this disposal however, add to the fundamental of this counter.
1. Vietnam operation disposal will not reduce future earnings because it has never contributed to Prestar.
2. Disposal at a gain means Prestar fair value is higher than it carrying value of RM1.33 per share.
3. proceeds of RM22m can reduce its borrowings and interest expense. Savings approx RM1.1m or 0.6 sen per annum

It is one of the 30 hot penny stocks by EPS identified in this week Focus Magazine

Posted by paperplane2016 > 2017-05-02 16:34 | Report Abuse

Rm2.88 is pe 15. Sorry typo

Posted by paperplane2016 > 2017-05-02 16:35 | Report Abuse

Prestar is now y biggest holding, bigger than ekovest. Let's wait and see if it can goes up like ekovest later

Posted by probability > 2017-05-02 16:37 | Report Abuse

wah paper sifu so confident...i have to add more already

Posted by Henry Chan > 2017-05-02 16:41 | Report Abuse

tq, will add more tmr

Posted by skyjet > 2017-05-02 16:46 | Report Abuse

SAPU.........

Posted by Equityengineer > 2017-05-02 17:40 | Report Abuse

I am in too.. just found out how undervalued this counter over the weekends. 1st thing buy today morning at 1.00.. good luck all you

Posted by paperplane2016 > 2017-05-02 18:04 | Report Abuse

The abOve is not from me

Posted by paperplane2016 > 2017-05-02 18:04 | Report Abuse

The valuable comments are from stock god himself

Posted by Equityengineer > 2017-05-02 18:13 | Report Abuse

Where to find this stock god guys

Posted by Equityengineer > 2017-05-02 18:14 | Report Abuse

I agree need re rating for steel company ..

Posted by skyjet > 2017-05-02 18:21 | Report Abuse

I believe this stock god, 100% accurate

Posted by skyjet > 2017-05-02 18:23 | Report Abuse

Will continue sapu tomorrow

Posted by VenFx > 2017-05-02 19:09 | Report Abuse

长江 不拒川流 而 浩大

Posted by leont > 2017-05-02 20:59 | Report Abuse

Agak, no Leon fuat is not in my list... sold it off quite some time...

Posted by angcl > 2017-05-02 22:39 | Report Abuse

LeonFB not in my list too. Cost of re-allocation to new factory and rather high LeonFB debt making me hesitant to buy LeonFB. If LeonFB is strong cash laden company, it would have given special dividends after selling few pieces of land. LeonFB approved1.5 cents as dividends without any special dividends. To me, this appeared fishy with its company cash flow. Too dangerous to be shareholder of LeonFB compared with Prestar. Prestar is safer.

Posted by paperplane2016 > 2017-05-02 22:47 | Report Abuse

That's what I think also for leonfb. Prestar debt quite high also if compared other stock I have in term of ratios. Cash yielding wise prestar better. Near 30%, but interest expenses killing them. They should start parring down debts to improve net profit. With good mkt condition for steel, I believe it's not hard to do that. Look at annjoo as a superb example
If know how to managed well, turn around big fat profit is really possible.

Posted by leont > 2017-05-02 22:50 | Report Abuse

which is why the sale of Prestar Vietnam asset comes into the scene... once everything is finalise the management will eventually cut on their borrowings... which is a good....

Posted by HawkEyes > 2017-05-02 23:04 | Report Abuse

EPS 4.8 sen x 4 = 19.2 sen x PE 10 times = RM1.92
EPS 4.8 sen x 4 = 19.2 sen x PE 15 times = RM2.88

TP PE 10 = 1.92
TP PE 15 = 2.88

Prestar close today just 1.03
Potential gain 86% to 180%

Posted by paperplane2016 > 2017-05-02 23:05 | Report Abuse

Hawkeye one of the smartest

Posted by Remisier > 2017-05-02 23:13 | Report Abuse

Agree with HawkEyes, very attractive potential gain counter.

Posted by nicky11 > 2017-05-02 23:43 | Report Abuse

If their ESOS activities is not so frequent, we are quite impossible to buy at this price.

Posted by probability > 2017-05-02 23:52 | Report Abuse

very true nicky11..look at April 21st volume and the price movement.....unbelievable.
its like you are using an elephant to drag logs...

once the logs lost its weight...it will be like a horse dragging the chariot!

Posted by paperplane2016 > 2017-05-03 01:19 | Report Abuse

Shhhhhhh. Keep quiet now, I still got many yet to collect. Shhhhh

Posted by leont > 2017-05-03 07:31 | Report Abuse

http://www.nst.com.my/business/2017/05/235695/ambank-research-places-buy-call-drb-hicom-eita-resources-prestar-resources

Posted by Mgician > 2017-05-03 09:12 | Report Abuse

Prestar Resources (TP: RM1.10) by Ambank Research ? wat a low TP ...

Posted by Henry Chan > 2017-05-03 09:55 | Report Abuse

Based on current data maybe

Posted by charles_cty > 2017-05-03 10:01 | Report Abuse

dont up so fast....want to grab...new high already...