As expected profit for steel counter will not perform well this quarter due to high selling price in corresponding quarter.
The profit actually not bad. High profit in corresponding quarter due to spike in selling price. The profit increase slowly in the latest 3 quarter .Inventories start increasing meaning more sales coming in in future. So expect going forward profit will increase compare in this quarter.
I think it won't drop much la maybe 5c10cents. This counter is already speculated this quarter will earn less than last year quarter. Overall expected profit
With steel protection tax by government, ays also can't perform and profits dropped more than 50%! Investors see if this company can grow in future. In future, this steel protection tax will be removed! By then, profit margin even less! Sinking ship! That's why investors selling la. Dangerous to hold the falling knife. Trade carefully.
AYS is highly recommended by the famous old man, OTB with ridiculous high target price of 1.13. Most of his recommended shares are goreng shares and dumping once good profit achieved by his gang. Be ware of pump and dump. Don't touch this share. Cut lost early
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....
papaya
3,086 posts
Posted by papaya > 2017-08-17 09:43 | Report Abuse
time for ays to go up.....upppp...kikikih