Ays is construction bulding materials player. Ays sell lot of stuffs from cemment, to toilet bowl, to many other buliding harwares (whole catelog can be found in website). Not upstream steel players like hiaptek. I thought raw steel price drop is good for AYS since the input cost is lower? In May and june 2021 when steel price crashed in china, AYS reported best ever profit in history for quarter ended June 2021. Reason contributed the high building materials cost are from supply shortage from china as well as high freight cost. Therefore AYS manage to sell product at "higher average selling price and volume" due to shortage from china. AYS uses "weighted average cost of good sold method" to compute cost of goods sold, not first -in-first out. Thus give AYS very good margin since the input cost is slower.
Did i interprete wrongly?? As i see people keep posting china steel future price drop to reflect AYS who is doing construction materials?
Is the timing right for AYS as it just got RM29M on 2.11.2021 from private placement to buy cheaper steel products which will generate even higher profit from November onwards?
KYY kept writing articles after articles hoping to convince bilis to buy so he can sell....big ass hope lah....who is so silly to still believe him after he conned so many people like in AT, Supermx, etc, etc
Technical speaking - AYS price is going South after the private placement 38m at 76 sen granted listing on 3rd Nov 2021
At 70 sen, the speculators who bought the private placement is losing money, unless they sold short at 95 to 85 sen before the listing of the private placement
In my opinion, KYY bought the bulk of AYS around 38 to 55 sen.
He is still making big money at 70 sen. Better stay out of AYS as the speculators are unloading their shares
Buying AYS at 70 sen is a piece of cake. But getting out of your buying position with a good profit at this price could be a dream. Don't get trap and become a "Reluctant Long Term Investor"
Anyone know Malaysia steel price trend? Oversea steel price like USA,India still high and stable despite China steel price drop sharply..Its seen that China cant control the world steel proce already with supply reduced tremendouly..
If nothing better to do , go do research what other stocks that you can buy to make money instead to doing the price broadcast everyday . I am sure everyone that invested in AYS is monitoring and you need not Keh Poh to update every day. Well , unless you get paid or have short this share, I would understood why you are doing this
I told u 0.90 was market top. I told u steel play in bursa always shortlived bcause steel profit profile is erratic. I told u OTB = ass. Remember, I told u it will go back to 0.40. Sell n stay away. More importantly stay away from that OTB ass, if you dont want to lose big money.
The earlier super profit is not sustainable. Earlier super profit made was due to old inventory/stock bought at much lower price and sold at higher price. Going forward, the cheap inventory/stock could be depleted by now and need to replace with new inventory/stock at higher price. The next few quarters result should not be fantastic and expect AYS price to move South or at best flats
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....
Jimmy Lim
291 posts
Posted by Jimmy Lim > 2021-11-04 22:56 | Report Abuse
habislah AYS! 0.580 coming