Hi everyone, this counter seems kinda quiet ya. Noticed board members have been buying back shares, may I know when can we expect Q2 report? Annjoo and Masteel had reported optimistic earnings due to increased in demand and steel prices, this counter will wake up soon.
QR release and soon, expected end of this month. Price starting to go north as QR result will be good. All the steel company release flying color result as steel price is uptrend now.
Just like the export counter in the past, now is steel counter turn. It takes 6 month to 12 month for the price to slowly moving upwards.
This GEM will be the next Mycron. EPS for this quarter is 2.95, forward PE is only 5 times. One point better than Mycron, this company pay dividend every year, and this company never incurred loss for the past 10 years. It always maintain profitability, no matter how bad the economy.
im new here. may anyone.can answer the question? Prestar have processing HRC,CRC and other steel ,will Prestar benefit from the rise in steel price? Prestar also manufacture highway guardrail,will Prestar take.benefit.from.the DASH,SUKE.expressway?
Yes, Prestar will benefit because with overall increase in steel prices, Prestar is able to charge a higher price for the end products compared to their inventory that they bought/ manufactured earlier which was at a lower price.
And yes, they will benefit from the need for highway guardrail - although I'm not sure how many % of their revenue and profit is derived from the guardrail business
oo,okay,thank you. beause i feel weird why Prestar share price far lag behind other steel companies while Prestar also benefit from the rise in steel price.
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Posted by klsetechwiz > 2016-07-19 11:32 | Report Abuse
This is highway dragon