the coming quarter will be very explosive. Able to launch S.Steel's rocket to reach North Korea and blast the Fei-Chai. Very powerful. Faster buy ticket to see the launch.
In my opinion, There are a few reasons why market give steel ctr low PE :
1. Cyclical nature of commodities 2. Domestic business 3. Market confidence is not there yet
(This is not entirely true , as Pmetal is granted higher PE by market because of its market position in the world , export and worldwide reputation)
According to sifu Leoting, this re-rating will be happening soon to push the sector to higher PE , as earning prospect is vivid for the coming years , and possible high dividend payout which will draw attention of fund managers of institutions to buy the stocks
Let's see if this incoming QR SSteel give the dividends again, how the market react. So far Ssteel is quite generous to give dividends is they are earning
China steel price still remains bullisy, easpecially price in Beijing and Tianjing has raise 130 and 90 RMB respectively!! Guangzhong steel price is among the highest, stand at 4430 RMB!!
Luckily Ssteel drop back to let me collect, haha. Greed when others are fearful, since steel price is rising & Pmetal big boy is holding ground well at RM3.33.
Actually no need to curse, buy or sell at own risk, why worry for others? Why want to bother my money? That's not yours anyway, you get nothing even it goes up or down.
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....
ks5S
4,601 posts
Posted by ks5S > 2017-08-09 18:45 | Report Abuse
1st tp = 2.50
continue buy and let the profit run.