My Trading Adventure

post #4445 : Steel sector

CP TEH
Publish date: Sat, 10 Nov 2018, 09:01 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.



AnnJoo : (PER 4.51 with NTA 2.39) closed at 1.49. Peaked RM3.66 ... divide 4 = 91.5cents.



CSCSteel : (PER 8.46 with NTA 2.17). Closed at 1.11. Buy around 50cents.


LionInd : (PER 0.71 with NTA 2.72). closed at 71cents. wait 40cents level.


Masteel : (PER 2.74 with NTA 1.5842 ) closed at 49cents. Peaked at RM1.38 ... so, wait around 35cents. We are nearing ...



SSteel : (PER 2.32 with NTA 2.23) . Closed at RM1.13 yesterday. peak RM2.50 divide 4 = 62.5cents.


note : these are few steel counters in my stalk-list as I m watching them going lower, with no intention to accumulate. Trade ... yes, Masteel and LionInd still very active for short term trading. But all the stocks are downtrending. With constructions and properties bearish ... do you THINK logically ... steel will recover?

so ... those mostly in single digit PER ... it is still not cheap? I do know many retailers stuck up there ... especially the popular LionInd or Masteel ... besides, Mycron and such.

TEH


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Discussions
Be the first to like this. Showing 3 of 3 comments

SuperBest

tqs

2018-11-11 00:59

king36

TQ.
What about Semi-conductor or Tech sectors?
Mind to share?

2018-11-11 06:27

ttgipoh

go and read Mastering the market cycles

2018-11-11 08:45

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