Posted by PlsGiveBonus > 2017-08-23 19:21 | Report Abuse

Everyone know how to read report
but not everyone can spot a quality company like this
They are typical accountant who only good at lumber
:)

Posted by paperplane > 2017-08-23 19:21 | Report Abuse

Ok mah. Improvement over 20%. After this loan pair down, interest saved. Also will be good loh

Posted by fattycat > 2017-08-23 19:31 | Report Abuse

yeah~div coming.... happy ^^

Posted by Crackspread 12.8 > 2017-08-23 19:44 | Report Abuse

KING of STEEL

Posted by callmemaybe > 2017-08-23 20:14 | Report Abuse

if deduct the land disposal result still slightly better than last quarter a bit lo.

Posted by adteklim > 2017-08-23 20:44 | Report Abuse

paperplane sifu,may i know with this good result for prestar, tomorrow still can tambah?

Posted by mkmike > 2017-08-23 21:05 | Report Abuse

Brace for a gap up tomorrow. QoQ = 94.19%, YoY= 248.76% Awesome!

Posted by Jeremykid > 2017-08-23 21:13 | Report Abuse

KLCI King, please get your statement right. The net gain from disposal is 8.6mil (refer B12, and as expected in the announcement dated 28 April, net gain 8.0 mil). After deducting from net profit 20.3 mil, profit from operating approximately= 11.7 mil. Don't mislead others

Posted by WM Niaga > 2017-08-23 21:21 | Report Abuse

Tomolo up meh??

Posted by nicky11 > 2017-08-23 21:24 | Report Abuse

Good result from prestar

Posted by kkchoo79 > 2017-08-23 21:26 | Report Abuse

What is the price if PE10?

Posted by bigbigboss > 2017-08-23 21:30 | Report Abuse

yes, buy more

Posted by J Trader > 2017-08-23 21:31 | Report Abuse

1.Gross profit margin reduce from 17% to 15.7%.
2.Other Income-Gain on disposal of land RM 8.6mll (One-Off)
3.Bottom Line RM 9.438 mil(Include Other Income of RM 3.72mil Unidentified)
4.Co Tax jump to 31% compare to 1st QR 25.6% mainly because of the unidentified other income.

Company manage to cut costs in order to deliver better performance in future.(How much they can cut?)
Threats-Company did mention the market demand appears to slow down.
Risks-International Steel Price fluctuate.(But Prestar is down stream can transfer the costs to end user)

This result is slightly below expectation, any how will TP RM 1.60.

Posted by paperplane > 2017-08-23 22:06 | Report Abuse

Well. Near term in Oct or Nov maybe got some volatile....You decide yourself whether to add now lo. I will continue to hold as 40% gain. Even drop 10% still have 30% if tomolo go up 1.50, 50% gains. No worry even tomolo crisis.

Posted by KLCI King > 2017-08-23 22:38 | Report Abuse

Truth will be revealed via discussions & researches. I do not mean to mislead people.

The fact is other income = RM12.3mil, whatever in it, these are non-recurring operating incomes. So the core net profit is still RM8mil.

Ultimately, the result was an improvement of 23% YOY.


Posted by Jeremykid > Aug 23, 2017 09:13 PM | Report Abuse
KLCI King, please get your statement right. The net gain from disposal is 8.6mil (refer B12, and as expected in the announcement dated 28 April, net gain 8.0 mil). After deducting from net profit 20.3 mil, profit from operating approximately= 11.7 mil. Don't mislead others

Posted by KLCI King > 2017-08-23 22:41 | Report Abuse

From RM0.91 @ 19 April 2017 to today closing RM1.38, an awesome gain of 51.6%.

I do not hold any prestar shares, so you decide what to do with it. Happy with all your gains & wish you a success investment return.

Posted by KLCI King > 2017-08-23 22:47 | Report Abuse

Noted from J Trader below, can Prestar fully transfer the increase in costs to end users?

For example, YKGI, a mid-stream producer, the price increased in Hot Rolled Coil had badly affected them because they couldn't transfer the increased costs to their customers, please go their latest quarterly reports to verify.


Posted by J Trader > Aug 23, 2017 09:31 PM | Report Abuse
Prestar is down stream can transfer the costs to end user

Posted by J Trader > 2017-08-23 23:04 | Report Abuse

@KLCI King
That why I put a RISK as remark, how much can they transfer I doubts but somehow prestar will not absord the costs entirely that I'm sure.(since prestar will improve their operatinal costs effectively)

As what I know downstream can transfer costs but midstream hardly do so.

Posted by Invest_168 > 2017-08-23 23:14 | Report Abuse

Q2 EPS = 9.4sen !! Tomorrow it will fly to 1.50!

Posted by KLCI King > 2017-08-23 23:19 | Report Abuse

I hope you didn't misread me, J Trader, I like your analysis & comments, yours are fair & honest.

Posted by paperplane > 2017-08-23 23:20 | Report Abuse

50% of highway steel is provided by them. They sure got prici~g power

Posted by paperplane > 2017-08-23 23:28 | Report Abuse

Calculate then if borrowing paired down ,how much interest can be saved

Posted by Yew Fei > 2017-08-24 00:01 | Report Abuse

@J trader @klci king u guys have did a great analysis for us

Posted by Yew Fei > 2017-08-24 00:04 | Report Abuse

Congrats to those who are still holding prestar :)

Posted by johortiger > 2017-08-24 08:00 |

Post removed.Why?

Posted by VenFx > 2017-08-24 08:33 | Report Abuse

继续创新高 咯

Posted by Yew Fei > 2017-08-24 08:46 | Report Abuse

Queue 1.55@@

Posted by Yew Fei > 2017-08-24 08:46 | Report Abuse

Huat ar

Posted by bigbigboss > 2017-08-24 09:13 | Report Abuse

Ju;y - Sep profit will better than this qr , gogogogo

Posted by callmemaybe > 2017-08-24 10:05 | Report Abuse

prestar upside is limited, 1.6 can take profit for those who holding

Posted by shareinvestment7 > 2017-08-24 10:24 | Report Abuse

Prestar will benefit from those new highway projects

Posted by WaAdaLui > 2017-08-24 10:33 | Report Abuse

1.45 忍痛割爱（卖了）

Posted by Mgician > 2017-08-24 11:06 | Report Abuse

huat ar~~~

Posted by paperplane > 2017-08-24 11:11 | Report Abuse

wow, so many profit taking yeah. Wait the weak one flush out. RM1.80 could be faster than I think.

Posted by paperplane > 2017-08-24 11:12 | Report Abuse

You never know, some big funds buying quietly

Posted by corboylee > 2017-08-24 11:17 | Report Abuse

buy!

Posted by fattycat > 2017-08-24 12:04 | Report Abuse

aiyo~ waadalui , why sold so early ?
Got div coming ler

Posted by Moneyfoo > 2017-08-24 12:07 | Report Abuse

Happy day :)

Posted by HamzahB > 2017-08-24 12:11 | Report Abuse

@paperplane i owe you teh tarik for this good tip of buying Prestar :)

Posted by Chee Chiao Zheng > 2017-08-24 12:23 | Report Abuse

Hi! You guys so happy today bcos of Prestar right?

Posted by Yew Fei > 2017-08-24 12:30 | Report Abuse

1.46 忍痛割爱 （卖了） :）

Posted by WaAdaLui > 2017-08-24 12:31 | Report Abuse

got dividend meh?

Posted by VenFx > 2017-08-24 12:35 | Report Abuse

Wah Wah Wah xp

Posted by paperplane > 2017-08-24 12:37 | Report Abuse

no one owe anyone here. You taking own risk here, your hard earn money. trade carefully. I am happy if you all earn many, and remember do have donation or help those in need of helps

Posted by angcl > 2017-08-24 12:41 | Report Abuse

I believe Prestar better result in profit due to one off gain from selling off Vietnam factory. Please don't chase high. Current price is too expensive. Even the biggest steel company i.e. Annjoo not doing well based on latest quarterly report. The rest of the steel counter like AYS for example is not performing. Can't expect more on Prestar and other steel counter.

Posted by Bird87 > 2017-08-24 13:00 | Report Abuse

qr 2 is not a season for steel counter, qr3 results should be superb...

Posted by pitbull > 2017-08-24 13:24 | Report Abuse

Good ..but hvnt shoot up

Posted by paperplane > 2017-08-24 14:19 | Report Abuse

too expensive? jokers!

After repayment of borrowing, will be very good loh

Posted by Moneyfoo > 2017-08-24 14:20 | Report Abuse

Paperplane sifu..noted n will do d..thank you

Posted by pitbull > 2017-08-24 14:41 | Report Abuse

RHB RESEARCH TP RM 1.5 TO 1.8