Posted by i4value > 2023-06-24 09:06 |

Post removed.Why?

Posted by Dehcomic01 > 2023-07-15 12:13 | Report Abuse

Steel companies are cyclical and if you are a long-term fundamental investor, you should look at the performance over the cycle. Over the past 14 years (covering several steel cycles), the company ROA averaged 4%. This is even lower returns than the EPF. But you have to look at the sector. During the same period, the mean ROA for the Bursa steel companies averaged 1%. So Prestar did better than the sector. But are there better steel companies. If you want insights into how the steel sector performed go to https://focusmalaysia.my/its-been-a-tough-12-years-for-bursa-malaysias-steel-companies/

Posted by OneOracle > 2023-09-01 16:32 | Report Abuse

Good management . Paid more than 5% share and cash dividend for past year even when poor business environment.
Show that management take care of business and also shareholder.
See you at 90 sen in 2024.

Posted by wongcheehui8383 > 2023-11-16 19:58 | Report Abuse

Wah. This counter 2 months no ppl comments..... hahaha .
Leave ald?

Posted by wongcheehui83 > 2023-11-18 10:13 | Report Abuse

then is supercold counter....... i still come it.... shit

Posted by SincereStock > 2023-11-23 09:06 | Report Abuse

finally reentered this counter after so many years.

price is at 3 years low, debt keep lowering, EPS improves, good dividend, NTA high. plus, 2 years steel moratorium is great bonus

Posted by SincereStock > 2023-11-23 10:28 | Report Abuse

*entry price at RM0.420 morning open price cut queue

Posted by wongcheehui8383 > 2023-11-23 10:46 | Report Abuse

Hehehe. I enter early than u.... 0.405

Posted by SincereStock > 2023-11-23 11:02 | Report Abuse

@wongcheehui8383 nice~ I only pay attention to this counter after yesterday QR report, the only thing I don't like with steel counter is that the counter price is too much influenced by steel price. but since now there is 2 years moratorium and steel price is quite stabilized, plus huge NTA discount here. I think it should be very safe to park here for another 3 months until next QR unfold

Posted by SincereStock > 2023-11-23 11:03 | Report Abuse

if wasn't investor being extra cautious with steel price, I think this counter already valued at least half it's NTA at RM0.60

Posted by SincereStock > 2023-11-23 11:31 | Report Abuse

all conditions set to break this year's all time high before end year closing

Posted by BemyAdm1n > 2023-11-23 11:41 | Report Abuse

scalping alert done for prestar. Find me on tele for more alert

Posted by SincereStock > 2023-11-23 14:59 | Report Abuse

not much profit taking can be done at this point considering the last 3 years' price

Posted by SincereStock > 2024-01-04 22:30 | Report Abuse

sold all at 0.425 today, decided to park the cash at PENERGY for this moment, will come back if given opportunity

Posted by SincereStock > 2024-01-11 11:36 | Report Abuse

bought back at 0.420 today after made good profit at PENERGY, glad to be able to switch back here before it's outbreak

Posted by SincereStock > 2024-01-11 11:59 | Report Abuse

just had a glance over some other not so fundamentally attractive steel counters, it seems steel play is very long due, especially after moratorium announcement true rally still no start

Posted by SincereStock > 2 months ago | Report Abuse

steel counters especially this undervalued PRESTAR still lagging behind bursa index of 1500

Posted by SincereStock > 2 months ago | Report Abuse

top up a few more at RM0.415 today morning

Posted by SincereStock > 1 month ago | Report Abuse

another good QR

Posted by SincereStock > 1 month ago | Report Abuse

sold a few at 0.445 to lock profit, still got some left

Posted by SincereStock > 3 weeks ago | Report Abuse

sold a few more at 0.48 to lock profit, still got a few left

Posted by Virgin_Share > 2 weeks ago | Report Abuse

aiya why sell @SincereStock? Cry now? break 0.51

Posted by acnca84 > 2 weeks ago | Report Abuse

😎

Posted by TiffanixLVxHermes > 2 weeks ago | Report Abuse

TP: 0.59
Steel in high demand