Koon Yew Yin's Blog

AYS is the cheapest steel stock - Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 02 Sep 2021, 05:09 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

The table below shows the comparison of all the steel product makers. When each of their share price is divided by their latest EPS, AYS is the cheapest steel product maker. 

Name

Price

Latest EPS

EPS divided by price

AYS

61 sen

8.5 sen

13.8 sen

Prestar

77 sen

9.6 sen

12.5 sen

Astino

74 sen

8.5 sen

11.4 sen

Leon Fuat

Rm 1.07

11.6 sen

10.9 sen

Choo Bee

Rm 2.09

17.2 sen

8.2 sen

Leader Steel

68.5 sen

5.0 sen

7.3 sen

Mycron

62 sen

4.1 sen

6.6 sen

Tashin

63 sen

3.9 sen

6.2 sen

 

Note:

Leon Fuat has not reported its EPS for its latest quarter ending June 2021. Most likely it will report reduced profit, like Choo Bee.

Hiap Teck

I also have not included Hiap Teck because it is a steel   manufacturer which sells its steel to all the above steel product makers. It reported EPS 4.8 sen for the quarter ending April. Its previous quarter EPS was 2.2 sen, an increase of more than 200%. Most likely its next quarter ending July will be much better which will be announced before the end of September.     

 

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Discussions
Be the first to like this. Showing 29 of 29 comments

ahbah

Who dare to wrestle with kyy in AYS ?

Come on, please !

2021-09-02 17:17

mrbusiness

Ohh...KYY finally shares same opinion with OTB...Time to be BFF ok :)

2021-09-02 17:34

Citadel666

Post removed.Why?

2021-09-02 18:35

winnerz

Good, thanks for sharing, KYY!

2021-09-02 21:04

Invest_888

Uncle Koon is an old man, and always never take calculation seriously. Let me point out his 2 mistakes for the calculation which are related to free bonus issues:

1)ASTINO(4:5)- 4 bonus shares for every 5 existing Astino shares on 16JUl2021.

2)PRESTAR(3:5)- 3 bonus shares for every 5 existing PRESTAR shares on 11AUG2021.

Now, the provided share price for Astino is 74cent and Prestar is 77 cent, But other steel stocks like AYS, LEONFB, CHOOBEE, ETC no free bonus are given, and this make the EPS divided by price calculation become incorrect.
To correct the calculation, the Astino & Prestar price should be converted to pre bonus price bcs the given financial results are pre bonus one. Astino price should be = 74cent x 1.8= RM1.33 & Prestar price should be = 77cent x 1.6= RM1.23

Lastly, the EPS divided by its respective share price:

Astino = 8.5/133=6.4
Prestar = 9.6/123=7.8

In conclusion the so called EPS divided by share price ranking should be different. The best is AYS, second is Leonfb and followed by Choobee, ....

Uncle Koon, pls ask someone to help you to examine your writing, misleading calculation is not good for making the right decision.

2021-09-02 21:38

CharlesT

One thing good is KYY didnt apply the stupxd formula "annualised EPS (last Q EPS 8.5 cents x 4=34 cents) x PE 10 = RM3.40}" to project his TP for AYS.

Another thing is more than 90% of AYS's sales revenue is contributed by their Trading n Service Div. So far from the last 2 quarters they posted very good results thanks to their good trading skills (buy inventories at low cost n sell at high prices in tandem with the mkt movement) and luck.

Pray hard for the coming q results can be sustained and lets c how long they can show their good trading skills n luck.....

Any price increase today will be good time to sell, especially u knew who pushed up the price for more than 50% last few days

2021-09-03 05:59

Tiger66

Bullshit comparison, Very simple, this is a trap. beware and beware. don't buy

2021-09-03 08:00

Russel

Warning : Do Not follow his advice!!!

2021-09-03 09:41

skyz

He is getting ready to sell now

2021-09-03 09:52

bjgdila123

u follow u kena

2021-09-03 09:56

ocbc

YLI

2021-09-03 10:15

stockwin

What ever KYY say, one need to go back a month or so to check if he is consistence.
Now he is very optimistic about Hiap Teck Qtr 31.7.2021 result.
"Most likely its next quarter ending July will be much better which will be announced before the end of September."

However on 26.7.2021 he said this:-
"Investors with some common sense should know that Hiap Teck will surely report reduced profit in the next few quarters.
https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-26-story-h1568812181-Why_should_Hiap_Teck_report_reduced_profit_Koon_Yew_Yin.jsp

One also need to note that he probably bought Hiap Teck at around 50 sen.
https://klse.i3investor.com/blogs/koonyewyinblog/2021-08-06-story-h1569621099-Hiap_Teck_has_dropped_to_strong_support_level_Koon_Yew_Yin.jsp

2021-09-03 10:44

OTB

Post removed.Why?

2021-09-03 10:53

stockwin

I must also add that OTB has been very consistent about his recommendation of Hiap Teck. Buy at around 50 sen and hold until Sept 2022 for a TP of RM1.03.
Of course caveat emptor.

2021-09-03 11:21

Eastern686

Mr Ooi, I always thought he has 写手 helping him to write those articles and do some research and fact finding and compile into articles to be posted in i3. Because at his age, he just need "accomplice" to help him with those "research" to make money together-gather in trading and makan ikan bilis.

2021-09-03 11:24

CharlesT

If not how do u think the name Koon Bee comes from?

2021-09-03 11:30

Eastern686

I am not talking about Koon Bee pact, I m referring to koon and gang. Mr OTB is a trustworthy person, that is for sure.

2021-09-03 11:54

ahbah

" Uncle Koon, pls ask someone to help you to examine your writing, misleading calculation is not good for making the right decision. "

Maybe his calculation is intended to be misleading n to corn us ?

2021-09-03 13:03

Asia88

Uncle : you collected how much share in AYS?

2021-09-03 15:21

MaGic Dust

EPS divided by price how come still got Sen? LOL Koon is getting old. PE ratio has sen>?

2021-09-04 09:43

BlessedInvestor

I believe only upstream manufacturers like Ann Joo and Hiapteck will benefit from high steel price not those do tradings. Ann Joo and Hiapteck are exporting to China if no local demand.

2021-09-04 10:16

mrbusiness

AYS is an interesting company. Most listed steel companies are manufacturing, and their trading business is not making much profit. AYS’s main business is trading (97%) and it is making really good profit.

AYS is keeping 1 quarter of inventory, and as long as steel price is increasing or maintained at high level, AYS will continue to make good profit.

Quarter ended 31/03/2021, trading revenue is RM209.2M, net profit is RM16.6M, margin 7.93%.

Quarter ended 30/06/2021, trading revenue is RM254M, net profit is RM37.3M, margin 14.69%.

If AYS annual revenue reach RM1Billion and net profit margin 10%, then net profit will be RM100M.

Total shares are 380,417,656, EPS will be RM0.26.

2021-09-04 10:39

Tobby

Here we go again!

2021-09-04 10:41

Tobby

Most probably Grandpa Koon already brought like 2 weeks ago!

2021-09-04 10:42

CharlesT

I think he only bought few days ago...when AYS reported good q results n OTB issued buy call

2021-09-04 11:11

CharlesT

The day when AYS price shot up fm 0.30+ to 0.50+

2021-09-04 11:12

CharlesT

lol

Now I found new master in Bursa oredi....

Posted by mrbusiness > Sep 3, 2021 10:00 PM | Report Abuse

03/09/2021星期五9.00pm现场直播节目 “LIVE: Dato' 有话说!” 题目是:要不要和Ooi Teik Bee和Koon Yew Yin一起投资钢铁股?

在这次直播节目里,畅销作家、灵气大师、销售天才Dato' Master Ally Che会分享以下4个重点:
1) 钢铁股的来龙去脉和市场格局
2) 钢铁股不为人知的结构改变
3) 买进钢铁股会让你翻身致富吗?
4) 哪一个钢铁股值得投资?

https://www.facebook.com/datoallyche/videos/557481781967498

2021-09-04 11:23

keown83

price already sky-rocketed then uncle want to make noise about it

i sensed another AT in the making

so how many people will get trap once agin by uncle's game this time huh?

2021-09-04 12:30

trum

I dare not buy AYS now. Finding death if dare to buy.

2021-09-04 17:07

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