Most important is u have to know...Prestar is a good company...NTA 1.41...PE only 5....revenue record high for the current quarter....its a growth stock.....prices have drop almost 20% to 30% for the past 5 days trading...so its a good entry point....
Current strenghening to ringgit will help the company to bring down the cost of material..thus it will increase their profit margin for the current quarter..
Next year east cost highway contract kick off, will boost the company revenue,
Proposed listing Tashin Steel will be bonus on top of all this....
Price drop too drastics for the past 1 weeks..and Im believe now is a good entry point......i think given a short period of time...it will go back above RM 1.20......
Victor9999 Buy lower sell higher.. that is the key.. I enter 1.05 and sell 1.11.. already got profit.. now price is at lower price range can enter except for those last time buy at high price which is now suffering with losses. They also can buy to average down the price. Company is good actually.
From oct 17 till now...steel price have stabilise at high side....and with ringgit getting stronger....will bring down their material cost....thus improve their profit margin for the current quarter......
hng33, thanks for ur input. I made mstake overlook its margin drop. its good on FA but due to others steel more attractive (profit growth), this is now less attraction.
other reason, i believe steel billet/bars product better pricing/demand than pipes and sheets. thats why ssteel/masteel/annjoo/lionind all profit very good whilst rest not much as them.
and if not masteel deferred tax, it still post profit 24m, highest since sep 2008 !!
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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....
Cloudboy
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Posted by Cloudboy > 2017-11-23 11:18 | Report Abuse
Most important is u have to know...Prestar is a good company...NTA 1.41...PE only 5....revenue record high for the current quarter....its a growth stock.....prices have drop almost 20% to 30% for the past 5 days trading...so its a good entry point....
Current strenghening to ringgit will help the company to bring down the cost of material..thus it will increase their profit margin for the current quarter..
Next year east cost highway contract kick off, will boost the company revenue,
Proposed listing Tashin Steel will be bonus on top of all this....