Invest_888: you highlight (correctly) high NTA, solid EPS and increasing steel prices, but after that you gave low price target expectation of only RM1
in my opinion, based on financial ratios and sector comparison, current fair value is RM0.94, but if we consider growing steel prices and better future sales ahead, my personal forward target price is RM1.4
Short term target price is RM1.00 since it is the main resistance for the buyers before breaking to higher level. After that it can be highly possible to reach the range of the RM1.4 - RM1.5 with higher revenue and earning in the upcoming quarterly financial result. . Due to extremely high demand in steel esp China belt and road initiative, US Biden administrative infra projects & other countries infra projects, the steel/aluminum/copper related businesses are booming. Nowadays, the most profitable and prosperous Malaysia companies are steel companies with record earning.
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
Steel counter 4 good trend worldwide 1. steel price up generally 2. raw material price down- iron ore price down 3. demand up- recovery from covid pandermic 4. production curb-low carbon policy from china
glove counter 4 trend 1. glove price asp start dropping generally 2. raw material maintain or slightly up 3. demand down- increase vaccination rate 4. production ramp up - china, thailand increase production
PETALING JAYA: Interstate travel nationwide will resume starting Monday (Oct 11), says Datuk Seri Ismail Sabri Yaakob. The Prime Minister said this during a special address at 3pm on Sunday (Oct 10).
"With the achievement of almost 90% of the population being fully vaccinated, therefore I would like to announce that interstate travel will be allowed. This will begin on Monday (Oct 11). “Interstate travel is only allowed for those who are fully vaccinated. “The lifting of the prohibition on interstate travel does not apply for visits to localities placed under enhanced movement control order," he added. Ismail Sabri also said fully vaccinated Malaysians can travel abroad without MyTravelPass effective Monday (Oct 11)...
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....