Koon Yew Yin's Blog
Why should AYS rebound - Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 17 Nov 2021, 10:32 AM
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
All materials published here are prepared by Mr. Koon Yew Yin
The Budget 2022 announcement on 1st Nov, has been pulling down all the listed stocks, especially big companies. The biggest culprit is the additional prosperity tax increase from 24% to 33% for big companies whose annual profit exceeds Rm 100 million. Although smaller companies like AYS is not affected by the additional prosperity tax, it is being drag down. Its price chart is showing a down trend which encourages weak holders to sell.
No stock can drop continuously for whatever reason. After some time, it must rebound.
The last column of the above table shows EPS for AYS. Its latest EPS was 8.5 sen and its previous EPS was 4.45 sen, an increase of nearly 100%. Its EPS for next quarter ending September which will be announced before the end of this month, should be more than 10 sen EPS. AYS deserves a much higher rating.
Why Steel price does not affect AYS?
AYS does not produce steel. It buys steel from the cheapest steel producer to sell the construction contractors.
Back ground:
AYS Ventures Bhd is an investment holding principally involved in the trading and manufacturing of steel related products. The company is organized into three segments namely trading, manufacturing and others. The trading division trades and markets a diverse range of steel products and construction materials whilst the manufacturing division manufactures and trades pressed steel and fiberglass reinforced polyester sectional water tanks, steel purlin, and wire products. Other segment includes investment holding, warehousing and storage services and dormant. The products serve customers in the construction, engineering for heavy steel industries, fabrication, oil and gas, power plant and shipbuilding sectors. The group principally operates within Malaysia.
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Discussions
1 person likes this. Showing 15 of 15 comments
Sometime I wonder is money really that important especially at that age..hmmm.....
2021-11-17 20:41
Dulu kata Tomei cantik...eps x 4....manyak undervalue
Qtr result baru keluar....gg result..
Uncle, how leh
2021-11-17 23:10
Malaysia share market is ....ada untung jual......no long term invest......eventhough some counter give bonus issue or dividend....glove counters is one very expensive lesson......i help u ,you help me....hahaha...don't listen n follow economist or Analyst said too much buy n sell ...you very ....dissapoiment....duit masuk pocket yang penting.
2021-11-18 10:13
No stock can drop continuously...no stock can going up forever.
There are 2 types of angel as highlighted in the Lecture.
1. Angel from heaven send from God, firstly will be coming down to the world to perform the commanded task. Upon finishing the task, the angel will be returning to God by going up.
2. Angel from men is the angel elevated/installed by men. Basically, we flourished him/her with names and titles/positions/recognitions so that he/she is going up, like the share price. But, when the people had decided to dump him/her after some unfortunate turns of event, he/she will be going down for good/long time, like prices of certain shares in the market.
2021-11-18 11:05
bruh Steel stocks will eventually stabilize and do sideway movement. steel demand isnt high now since China has their construction problem and WINTER has come. tell me which country other than China would buy at expensive steel prices to use..... none its too expensive to place infrastructure in recovery plan. most country opt for tourism for recovery plan which leads to more import covid cases more dumb.... its an endless cycle.
2021-11-18 18:26
why AYS should rebound ... so that the crook and his cronnies can sell!!
2021-11-18 19:41
a hit on a broken record it has become. a hit that rode (up and down) with voluminous highs on the two-stage afterburners of lower-volumed heavyweights : AJ for stage 1, then LI for stage 2 (when AJ couldn't sustain). refer and superimpose all 3 charts this year for review.
any rebound-to-sell is likely to be proxy-driven by AJ and LI, the main protaganists it needs to trigger any sustained move. can see that move again this morning.
2021-11-19 12:38
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