This company has a large customer base and offers the convenience of a one-stop solution for stainless steel and other metal products. Black horse of ipo this TSA
Not bad. It announced RM83.54 million in revenue and RM6.93 million in PBT. By the way, Its earnings and profit margin are expected to surge upon the commencement of the Seminyih manufacturing plant
https://klse.i3investor.com/web/stock/financial-quarter/5273 Sometimes, it's not explainable... If everyone has to buy based on NTA and sensible PE ratio, Chin Hin would not have reached its all time high of RM4.80 during last year....on the other hand, there are many other counters trading way below their respective NTAs now...
“For example, the food industry needs to use stainless steel for their equipment to comply with the [food security] standards. The oil and gas [sector] needs low-carbon steel products, and the green energy sector, particularly solar systems, needs a lot of brackets to support their panels, and the brackets are also supplied by us,” said Chew.
He highlighted that customers prefer stainless steel over mild steel because of its durability and resistance to rust, further fuelling demand for TSA's products. The company's customer base primarily comprises fabricators specialising in transforming stainless steel into various end products.
Established in 1993, TSA supplies a wide range of metal products, including stainless steel plates, bars, coils and pipes. The group has a presence in Malaysia and Singapore, as well as other foreign markets, such as Thailand, Australia, Bangladesh, France, Indonesia, the Maldives, New Zealand, the Philippines, Sri Lanka and the UK.
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PuaQW91
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Posted by PuaQW91 > 2024-01-22 19:10 | Report Abuse
Able to maintain more than 20% of gross profit margin from FY2020 to FY2022. Not bad for a steel industry