what la.. already reaching its peak 1.00..tomorrow all metal counters most probably will drop. Price already appreciated multiple times since january.. dont forget that. time to move your $$.
Oh President, which means the quarter report recently released they are doing fake report ah? Haha, steel company all QR good then u say bad for them. Good sales of steel and steel products in steel company and they are earning. And u keep saying bad news for them. LOL... Havent collect enough tickets? ROFL
RHB Research Institute’s analyst Alan Lim also said Supermax’s core net profit for 9MFY21 of RM2.85 billion was below expectation as it made up only 66% of his estimates.
He attributed the negative variance to the temporary closure at its production plant after the detection of several COVID-19 cases among its foreign workers.
“We have lowered FY21 to FY23 core earnings by 21% to 41% due to a lower utilisation rate assumption of 85% from 90%,” he said.
According to him, Supermax’s FY21 utilisation rate was affected by the temporary plant closure, and for FY22 to FY23, the lower utilisation rate will be due to normalised demand-supply assumptions.
He has also reduced ASP assumptions for FY21 to US$77 (from US$89), for FY22 to US$49 (from US$57), and for FY23 to US$37 (from US$48) after taking into account the recent ASP decline.
While maintaining buy call on the stock, Lim lowered Supermax’s TP to RM6.60 from RM8.75, due to the reduction in earnings estimates and long-term blended ASP to US$37.00.
Don't worry is only a small correction. Malaysia steel company will be doing very well with world steel prices shooting up. You will see the colour of Lion Ind when they release their Quater result this month. Their earning will shock you.
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....
powerup89
1,694 posts
Posted by powerup89 > 2021-05-05 16:41 | Report Abuse
Lets go to the party....woohoo...xbole tahan kasi jual....cheap tickey yum yum