Based on last QR EPS 0.65, if we annualized is 2.6 @ PE 10 - RM0.26 @ PE 20 - RM0.52 (HIAPTEK PE 22 @ RM0.44) @ PE 26 - RM0.67 (Standard PE for steel industry).
Company also improve profit margin and next QR will be even more since steel price keep increase.
For the quarter under review, the Group recorded a pre-tax profit of RM2.61 million as compared to a pre-tax loss of RM2.37 million in the previous quarter. This was mainly due to suspension of operation during Movement Control Order in the preceding quarter. The Group also reported better gross profit margin at 17.8% which directly contributed to the positive bottom line of the Group.
it's a yes n no.... depends on market and operators as well...but for me there's no reason for ykgi to not test the next resistance since it successfully breaks its previous high and handsomely close at 0.235...but then again we will see tomorrow how the market will react... goodluck
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....
handsome5555g
311 posts
Posted by handsome5555g > 2020-05-18 12:47 | Report Abuse
Ykgi next resistance is at 0.12....will fly soon...grab while its still cheap