STEEL counters are still at uptrend and booming conditions. Metal prices are at least 20++% higher than last quarters.
CPO prices is increasing but not steady. Malaysia still faces labor shortages. EPF keeps on disposing plantation counters like TSH, IJMP. Jtiasa faces low producton issue. Almost all plantation companies earning still not satisfactory as steel companies. Moreover, India is the largest palm oil countries. China bought alot soy bean recently.
Share price will drop definitely if earning drops. Prestar earning esp EPS become higher and higher for 4 quarters. Latest financial quarterly result, the EPS is 9.42cent. According to Prestar release news, Prestar prospect is remain positive and satisfactory.
SOLD Tomei, got some fund to buy PRESTAR & LBALUM.
I confindently think it was panic selling. PRESTAR still earns a lot money and all the countries need basic material like aluminium/steel/coppper to develop their economy. Infrastructure is always the first one to rebuild the country.
China goverment wants to control the steel prices so as it is not going to the sky limit that hurt the infrastructure cost badly. As a result, disallows abnormal goreng-goreng trading activity. In consequence the steel prices just goes down 1-2% these few days. China & US need tremendous amount of steel/aluminum/coppper to develop their infrastructure. It is same for the most of the other countries need these metals to develop their countries. At least in 3 years, metals are in high demands.
Metal markets like Aluminum, steel, copper, etc are extremely good in comparison with 3 months ago. Plenty of existing projects and upcoming projects as well. Profit margins are strong uptrend. US under Biden, China belt and road projects, need a lot of metals. If no money, Biden tells you that he got world wide recognized printing machine.
Prestar earning, EPS become higher and higher for 4 quarters. Latest financial quarterly result, the EPS is 9.42cent. According to Prestar release news, Prestar prospect is remain positive and satisfactory.
If can't hold just cut lost and let us buy cheaper price. If you can't understand about Decarbonisation from China. You won't know why you are buying steel. Don't ever compare 2017 surge and fall as that round was only short term rally. Compare current macro situation, its totally different.
Max yong, I guess we r at same page. Steels r bulky and very important materials for ship building, automotive, construction.
All economy power house r major steel producers. China is far leading in term of capacities with India, EU, US, Korea and Japan. This countries so call advance nation have deep concerns about climate change.
Steel production is very polluted yet cheap and effective. Malaysia actually not self sufficient in steel manufacturing.
Its a wise thought to initiate a steel blue print in our country, so than we could be self sufficient and advanced a step further to export.
Developed nation would not mine paying if we can meet the quota with promising quality, pricing and time. Sort of outsourcing to us. I know it bad in environmental but poor nation money come 1st.
A strong steel source will spur many secondary industry blooming.
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....
Posted by gohuat888 > 2021-05-06 16:20 | Report Abuse
besok continue ya hahaha