Current price 134- net cash 92 =42 cents price per share. Eps a year 11x. Dividend 7%. Steel consumption will go up coming years. I buy keep for long term.
This is a cyclical stock. It earned more last financial year and declared a 9.4 sen a share dividend and price went above RM1.50 a share. Another 10 sen drop would be a very good buy.
Yes, just call for a hold will do unless the price target is 1.10 or lower. Maybe TA has forgotten that investors have to pay brokerage, stamp duties and clearing charges.
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Posted by Learner One > 2024-07-03 14:34 | Report Abuse
Current price 134- net cash 92 =42 cents price per share. Eps a year 11x. Dividend 7%. Steel consumption will go up coming years. I buy keep for long term.