The core EPS in past 3 quarters in FY18 is 39.68sen, if annualise, I get 52.9sen EPS per year. Assuming 8x multiple is given to SSteel business, the fair value would be RM4.23 per share compared to RM1.90 closing price yesterday. The upside is >100% !
SSteel has proven its performance with 3 consecutive quarters' EPS above 10sen. The new PH government will not scrap the mega infrastructure projects such as LRT, MRT and Borneo Highway, so the long steel demand should sustain or improve. It is undervalued and with clear earning visibility.
BEIJING: Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday (May 20).
The announcement came after high-level talks in the US capital and followed months of tensions over what President Donald Trump has blasted as an unfair commercial relationship between the two economic giants.
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....
vinc3nt
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Posted by vinc3nt > 2018-05-15 15:35 | Report Abuse
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