PRESTAR RESOURCES BHD

KLSE (MYR): PRESTAR (9873)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.495

Today's Change

-0.005 (1.00%)

Day's Change

0.495 - 0.50

Trading Volume

23,900


8 people like this.

3,980 comment(s). Last comment by SincereStock 1 day ago

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-10 08:56 | Report Abuse

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.

soon9913

2,692 posts

Posted by soon9913 > 2021-05-10 13:02 | Report Abuse

shortage of labour in palm oil.. sector

steel price hitting new high!

calvintaneng

55,060 posts

Posted by calvintaneng > 2021-05-10 13:06 | Report Abuse

Dob't rule out Palm oil

Prestar sells guard rails to pan borneo highway

CMSB shares now in trouble maybe cannot get payment from contractors due to high still prices causing insolvency

Prestar might later face bad debt

Why didn't you buy Prestar at 43 sen? Now only chase so high?

So be careful now
See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-06-story-h1509770267-PRESTAR_9873_Or_Pre_Star_Buy_Before_it_Turns_into_A_STAR_Calvin_Tan_Res.jsp

TO ALL CALVIN'S FRIENDS WHO BOUGHT PRESTAR AT BOTTOM 43 SEN

CAN SELL NOW AND SWITCH TO PALM OIL SHARES

EPF BUYING SIMEDARBY PLANT NON STOP & OTHERS

stockraider

31,556 posts

Posted by stockraider > 2021-05-10 13:10 | Report Abuse

Yes switch to palmoil much better & much cheaper loh!

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-10 16:15 | Report Abuse

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.

soon9913

2,692 posts

Posted by soon9913 > 2021-05-10 22:59 | Report Abuse

if earn so much why called for private placement....

soon9913

2,692 posts

Posted by soon9913 > 2021-05-10 22:59 | Report Abuse

earning not able to convert to cash?

Posted by Rocket2moon > 2021-05-14 20:44 | Report Abuse

Will ironman soar next week?
https://www.facebook.com/103165771496030/posts/253660109779928/

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-17 12:06 | Report Abuse

Bought PRESTAR @ RM1.14.

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.

zerocool7199

1,235 posts

Posted by zerocool7199 > 2021-05-17 12:08 | Report Abuse

Beware for the cycle stock

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-17 12:41 | Report Abuse

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.

China steel price as below link:

https://www.quandl.com/data/CHRIS/SHFE_RB1-Shanghai-Steel-Rebar-Futures-Continuous-Contract-1-RB1-Front-Month

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-18 10:56 | Report Abuse

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.

gohuat888

268 posts

Posted by gohuat888 > 2021-05-18 16:53 | Report Abuse

buy buy buy la besok boleh jual gogogogogogo

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-20 15:30 | Report Abuse

Super undervalued now, Prestar.

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.

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-05-21 00:21 | Report Abuse

Chip in, 50k share @ 1.010 today. Not sure price can hold. Not expecting immediate reversal, just hope it holds.

2nd batch target 0.8

3rd 0.650

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-21 11:03 | Report Abuse

PRESTAR is super undervalued... time to earn YOUR money!!!

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-05-21 11:05 | Report Abuse

China's steel rebounding strong

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-21 11:50 | Report Abuse

I think most factories are allowed to open even stricter MCO is implemented. Wait for today MCO announcemnt.

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-21 11:52 | Report Abuse

Steel stocks share goes up, factories should be allowed to open.

Max Yong

276 posts

Posted by Max Yong > 2021-05-21 15:57 | Report Abuse

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.

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-05-21 19:13 | Report Abuse

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.

I'm sure u hear about Tangshan city sky story.

CUT LOST, I DUN THINK SO!!!!

Turnaround

288 posts

Posted by Turnaround > 2021-05-24 09:26 | Report Abuse

next 'chubby'?

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-24 09:32 | Report Abuse

Prestar goes up steadily due to fantastic earning of latest quarterly financial result and steel/Aluminium/copper business in high demand at least until 2023.

ztzeal

66 posts

Posted by ztzeal > 2021-05-24 09:34 | Report Abuse

all steel counter make revearsal?

Turnaround

288 posts

Posted by Turnaround > 2021-05-24 09:45 | Report Abuse

Chubby limited up, prestar gogogo

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:20 | Report Abuse

gogogogoogogooogog prestar super star haut ar rrrr choobeeee limit up gogogoogogogogogoogogoogogog stellelelel [pricee e highghhghhghghghg

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:20 | Report Abuse

stelellele price sallalal the wayayya upupupupupupup

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:20 | Report Abuse

haurta r r ra r ar88888

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:21 | Report Abuse

gogogoogoog 1.33333333

ztzeal

66 posts

Posted by ztzeal > 2021-05-24 10:29 | Report Abuse

no need LU. slowly up also oke. this is not goreng counter. FA also good.

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-05-24 10:36 | Report Abuse

I had nicely position my fund, beiow are the break down proportion relatively to fund size :

1) Lsteel - medium size / qr result out, excellent, share price moving responsive

2) Prestar - medium size / qr out, excellent, share price charging up strong after panic corrections.

3) LB - Large / qr SOON, predict 18-20m net profit, price improving slightly

4) AYS - XL / QR SOON, predict > 100% compare last qr, price moving slowly

5) MELEWAR - XL / Soon, explosive results, moving fast

6) KUB - XL / qr soon, jaw dropping, low activity, very good price 4 collection.

NOW ONLY LEFT WITH 20% CASH

will share why this time I put great emphasis in ays and MELEWAR after results out.

Cheers!!!

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:53 | Report Abuse

wowowowowo gogoogogogogogo haut arrrrrrrrrrrrrrrr allll kikikikikiki 1.3 gpooooooooo

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:54 | Report Abuse

fast afast up later labour laws hit fast fast up firsttttt

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:54 | Report Abuse

gogogogoogoogogo wowowoowwwwwwww

gohuat888

268 posts

Posted by gohuat888 > 2021-05-24 10:54 | Report Abuse

folo choobeeee pergiiiiiiiiiiiiiiiiiiiiii limiupppppppppp

skyjet

533 posts

Posted by skyjet > 2021-05-26 22:08 | Report Abuse

SSTEEL and CSCSTEL just announce very good quarter result. Tomorrow all steel stock big up.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5094

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-28 11:13 | Report Abuse

Khairy: Malaysia to get nearly 16 million more doses of Covid-19 vaccines by July; to give 150,000 jabs a day from June

16 million more doses of Covid-19 vaccines by July

https://www.theedgemarkets.com/article/khairy-malaysia-get-nearly-16-m...


Glove stocks will fall definitely, glove buyers will move their money to steel/aluminum/copper/gold stocks, especially the one with very good profit.

Invest_888

1,014 posts

Posted by Invest_888 > 2021-05-31 08:39 | Report Abuse

https://www.investing.com/commodities/ncdex-steel-futures

steel prices rebounce.

FMCO allows construction to continue. Steel stocks with record earning can handle this FMCO, share prices won't drop significantly.

210635chg

20 posts

Posted by 210635chg > 2021-06-01 20:06 | Report Abuse

With only 10% of the workers allowed, production should be less. The next Q results would be lower in profit. Would this be a reasonable assumption?

Michael Kwok

6,247 posts

Posted by Michael Kwok > 2021-06-06 17:17 | Report Abuse

Can buy in the range of 90-110 cent range next few day after the date.Technically not KYY first to recoomend steel shared but me.Late Feb-end March.It reach the target on Mei.See the chart u all know.

Posted by Michael Kwok > Feb 24, 2021 9:09 PM | Report Abuse X

TP will be rm 1.40-rm 1.50.Ong had mari


Posted by kmwong8711 > Feb 24, 2021 9:58 PM | Report Abuse

Michael

Really 1.40

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-06-10 22:01 | Report Abuse

Yeah! Mention that conpany going to reward shareholders with bonus shares. Its materialise.

Bonus issue 3 : 5

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-06-10 22:17 | Report Abuse

How come I know : from experienced.

1) buy into Mycron @ 0.285 small positions ( to date nill)
2) AYS - Few times successful trades
3) Leonfb @ 0.4 small positions - nill now
4) Prestar @ 0.455 seriously position where I mostly sell off at rm1 which I deeply regreted. Now holding less than initial 15%

For prestar, I forsee a good chance for bonus issues soon.

5) Lbalum ( aluminium) @ 0.590 seriously position. 50% holding to date

Due to limited fund, the above are the only companies I had enter with satisfactory return.
29/04/2021 12:11 AM

gladiator

666 posts

Posted by gladiator > 2021-06-11 00:57 | Report Abuse

Bonus issue 3 for 5 third quarter after MCO sure rally lo..

Invest_888

1,014 posts

Posted by Invest_888 > 2021-06-11 09:21 | Report Abuse

Prestar price should higher than Astino bcs of higher earning, NTA,

More importantly, FREE additional 60% shares for PRESTAR holder.

Luckyboy88

405 posts

Posted by Luckyboy88 > 2021-06-11 11:14 | Report Abuse

Dun worry, after ex=bonus moves like KOBAY.

fms016

314 posts

Posted by fms016 > 2021-06-11 23:44 | Report Abuse

Now overbought

Post a Comment
Market Buzz