29-May-2017 Additional Listing ESOS - 886,000 shares at 0.830. 29-May-2017 Insider ENCIK MD NAHAR BIN NOORDIN (a company director) disposed 135,000 shares on 26-May-2017.
If you are disappointed with recent price movement, read this http://klse.i3investor.com/blogs/kianweiaritcles/124105.jsp My sifu 心法!心法战胜一切内心恶魔! May we have peace in mind and let the good results reflect themselves in share price for future!
Datuk Toh sounds very bullish during the AGM! he cant comment on his family's increased stake in prestar, but he hinted better prospects in the company and of course will put money where the confidence is.
Keypoints: -FY16 margins improved cos of Megasteel closure and now they can source raw material from overseas, namely from POSCO which they already have JV relationship. POSCO is world's 4th largest steel mill. Cheaper, reliable, on time delivery. This kind of margins will be sustainable as long as they are not forced to source from suppliers like megasteel
-Prestar is supplier and maintainence contractor of highway guardrails. They supplied to North-South Highway and most parts of Selangor e.g. Federal highway, DUKE etc. They will supply for East Coast highway and Pan Borneo and are looking to tap into ASEAN market too
-Their wheelbarrows and handtrucks are supplied around Malaysia's and Indonesia's palm oil estates. They already have operations and warehouse in Indonesia, so its not hard to expand their reach
Certainly sounds like Prestar is going in the right direction and management sounds bullish!
Keypoints: -FY16 margins improved cos of Megasteel closure and now they can source raw material from overseas, namely from POSCO which they already have JV relationship. POSCO is world's 4th largest steel mill. Cheaper, reliable, on time delivery. This kind of margins will be sustainable as long as they are not forced to source from suppliers like megasteel
Great sharing bro! Margin SUSTAINABLE!
EPS will be sure 0.0499 and more once borrowing paid down!
So shall mkt give pe 5,8,10,or 15 In view of reducing debts, improving profit as injecting business..... It is just like the kesm case last 2 years. People.dont believe it can double. But looking at facts, it is just expected.
The bulk of their debt is in trade financing. Its very common for companies to use trade financing for transactions involving buying raw material and then completing their manufacturing process to sell off products. Kind of like import export transactions. All short term in nature just to fund their raw material purchase
- Prestar is seeing an increase of orders for their warehouse solutions, not just in malaysia but ASEAN countries like singapore, thailand, indonesia. Warehouse racking and forklifts. In a very good position to benefit from e commerce warehouse usage.
-Prestar has spent some capex to use robotics and automation for their steel processing line. This will reduce the labour cost, improve margins further and also quicken the production process. You can see in this years annual report, they spent 7mil for new facilities
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 332 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11606 views | 10 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
godofgamble
171 posts
Posted by godofgamble > 2017-05-30 16:32 | Report Abuse
today many cheap stock can collect..