As for building material companies, if the project still largely involved elevated structures, steel companies such as Ann Joo Resources Bhd would be a key beneficiary, UOB Kay Hian said.
Otherwise, cement companies such as Lafarge Malaysia Bhd, YTL Cement Bhd and Hume Industries Bhd would benefit from sub-structure works, while other players such as Prestar Resources Bhd could benefit from guardrail works as it commands a 50% market share in the local guardrail business.
RESTRICTED OFFERING OF 17,449,600 NEW ORDINARY SHARES IN TASHIN HOLDINGS BERHAD ("TASHIN HOLDINGS") ("ISSUE SHARES") TO THE ENTITLED SHAREHOLDERS OF PRESTAR RESOURCES BERHAD ("PRESTAR") IN CONJUNCTION WITH THE LISTING OF TASHIN HOLDINGS ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("RESTRICTED OFFERING")
Anyone planning to buy Prestar ipo subsi - Tashin shares? found that it is quite profitable
Tashin is a profitable business unit for Prestar. When Tashin is disposed and listed in ACE market, Prestar's group revenue will be much reduced, albeit Prestar can use the money raised from IPO to pare down its debt and reduce its finance cost. I view the listing of Tashin is no good for Prestar as a whole..
haha i m sure u commented without look at Tashin IPO prospectus, just to correct u that Tashin is not considered being disposed by Prestar la... Prestar will still holding 34% in Tashin holdings (SPV that holding Tashin). Although there is reduction in shareholding percentage of 17% (from 51% to 34%), but Tashin still contribute profit to prestar just like POSCO-MKPC (prestar's another associate co)... don forget the another purpose of this listing is to unlock and crystallise the value of Prestar investment in Tashin, if u said Tashin is profitable business unit for Prestar (when Tashin's shares fly, same to Prestar).
Pak Mael duduk di Jalan Gasing Anak nya yang bongsu bernama Mabel Dengan untung window dressing Bukan saja pagar, satu rumah perabut kita tukar ke stainless steel
Prestar Resources Bhd has secured RM80mil contracts to supply guardrails and accessories for the Pan Borneo Highway in Sarawak. TheStar01 Jul, 2020 18:16pm Best BUY position and hold it & TP above 0.45
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....
Newinvest_112
31 posts
Posted by Newinvest_112 > 2019-05-03 17:20 | Report Abuse
Sell before big drop