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
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.
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.
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
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
@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.
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
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.
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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....
PlsGiveBonus
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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
:)