Anti-dumping duty for rebars and steel wire rods will effect AYS next quarter result I think. They are distributor, they buy steel products oversea and local and sell to their customers.
Revenue has dropped in previous quarter. If can sustain its revenue and earnings for next quarter. I think it is a good buy.
Revenue will drop further impact from anti-dumping duty on Imports of rebar from China. They just distributor, they buy steels from China and sell to local.
SSTEEL reported very good earnings and profit for its Dec result and attributed the better performance due to higher steel selling price. Its share price jumped today. AYS next in the line? Its EPS for the last 2 quarters alone already surpassed its EPS for the full year 2015 n 2014. Low PE with commendable dividend yield.
Luckily I still holding this counter. I thought revenue will drop, hahaha. Now market sentiment is good, that's possible we can simply apply 10 pe to AYS, TP rm0.55.
An important development took place on 21 February 2017 where the price of AYS broke the resistance of 0.35. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
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....
GOD_OF_KLSE
138 posts
Posted by GOD_OF_KLSE > 2016-11-17 17:22 | Report Abuse
35sen now ..... HOSEH !!!