Annualise it's Pat, it shd be 58m (11 + 17) x 2 Eps is. 204 At PE of 10 share price shd be 2.04 Barring any geopolitical uprising or dow melt down, Monday shd gap or limits up and Tuesday shd repeat Monday s ppattern.
Fantastic latest financial quarterly result, profit was increased 49%, EPS from 4.25cent to 6.34cent. Astino profit is continously growing 3 quarters i.e. 75%, 57% & 49% respectively. Astino profit is growing as angry Bull even in MCO period.
Strong and growing EPS, impeccable Balance Sheet and a cash surplus Co, astute investors are bottom fishing at 1.07 to 1.09. Hold for medium to long term, with upside potential of no less than 50% return, perhaps even more if it announces 1 for 1 bonus issuance. Bank borrowings reduced by 45m within the last 6 m
All metal prices increased as expected due to printing money a few US Trillions Dollar by US Federal Reserve System. But, most steel/iron/aluminium etc companies earn even more money. Almost all metal listed companies with large inventory. As metals price are increasing, selling prices are increasing as well. Just go to hardware shops, the shopkeepers will tell you their prices are increased.
COVID-19 Recovering time & post covid-19, US & China spend a lot of money in infrastructure, same will be happpened in Malaysia & around the globe. Year 2021 & 2022, you will see the high inflation time. Moreover, US might print a few trillions US dollar more to pay for their infrastructure projects.
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....
michaelwong
3,072 posts
Posted by michaelwong > 2021-03-22 01:01 | Report Abuse
Whether capable of breaking 1.09 past resistance ?