you see the low, every time is higher low point, it's an uptrend, but I didn't hold any share already, shifted to others, consider buy back if it hits .52 again
1. Tashin posted strong Q3FY20 results as their net profit was up by 1134% on QOQ basis and 183% YOY. Revenue for the quarter was the highest ever since their IPO in 2019.
2. Malaysia has started with some of the latest mega projects like ECRL & RTS which definitely requires steel therefore the demand for steel will increase.
3. Iron price has surged up almost up 38 per cent, according to data from S&P Global Platts and set to average $100 a tonne for the first time since 2013.
As we can see from the quarterly performance of Tashin we can see that Tashin has definitely up it’s ante as their result soared up quite significantly.
With the major mega projects now already kick start steel will see it’s demand to increase therefore local steel players will definitely benefit from this.
Iron ore price has being going up and Companies like ChooBee & CSCSteel has shown quite good result. This is probably a step moving ahead in tandem with the demand of iron.
Prestar earning power is one of the best steel companies if you compare it with other steel companies in year 2017. Moreover, continuous paying dividend record. Year 2021, many big project are going to execute, a lot of steel and steel related work are in high demand. A busy year in 2021.
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JXnotJAX
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Posted by JXnotJAX > 2020-08-31 19:41 | Report Abuse
of course earning not good, steel is not being used for anything during mco, no construction also, they will definitely recover in q 3