Simple calculation, if the company able to achieve RM0.0395 EPS every quarter, one year will be RM0.158, 10x PE, RM1.58. Plus, next year east cost highway contract kick off, boost the company revenue, RM1.58 target price is really really really conservative.
Luckily no cut loss yesterday. Frien text me and say his sifu sent blasted email to all asking them to cut loss on everything. Friend din share much detail but it sounded like market going to crash.
The profit YoY is actually higher in this quarter, the number of outstanding shares has increased YoY, and therefore, the EPS YoY is slightly lower. From this quarter's earning result, i suppose the recent sell-down from RM1.3x in end Oct to RM1.10 today is not justifiable.
Revenue record high, proposed listing Tashin Steel. Management are doing their job very well. Strengthening of MYR recently can increase profit margin next QR, cant understand why still got ppl think this is a poor QR. Of course it cant beat last QR because last QR there was a one-off dispose earning from Vietnam factory.
PE 5, RM1.1...for every dollar u invest, u get 20c earning...if declare 25% earning as dividend, u get 5% for your 1 dollar investment...
If price re-rate to sector average, PE 8 = Rm1.6, PE 9 = Rm1.8, PE 10 = Rm2.0...
QoQ revenue has grown up by 15%...but NP doesn’t increase much...so, it’s just a matter of finding out where did the money go and if it’s gonna make more money...
If they use the revenue to pay their loan...then, cost of finance will comedown... coming QR earning will improve significantly...
Nobody check the price every 5 mins one la...One year QR only put 4 times...
In between are a bunch of punters...if u wanna study punters, that likes doing research on mental sick people in psychiatrist ward...as if u hv any idea on if they have any idea what to do next...
Higher selling price in steel product boost preastar revenue, BUT, do est not direct into increase in profit due to higher cost material, resulted further profit margin eroded.
But, with current strengthen RM, at least can reduce its cost forward. Look forward to buyback on weakness.
At first a lot of prestar investors worry about this quarter results not going to be good...This Encik Md. Nahar Bin Noordin,sold his portion of share holdings..had cause the share to fall.....
Now result out.....result good...PE 5 company......then bad mouthed by a forummer who i dun know he know wat he is talking about or not......funny,,,,heheheh!
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victor9999
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Posted by victor9999 > 2017-11-22 15:17 | Report Abuse
just technical rebound, not confirmation uptrend yet