For FY ending 31/12/21, Qr1 result=9.45 sen EPS , Qr2=9.59 sen.If earnings for each of Qr 3 and 4 maintained , total EPS=38 sen. At yesterday's closing price of 75, PE is only 2 !!!!Based on PE 10, the price should be 4x75= RM 3.00 ! Even with zero earning for Qr 3 and 4, PE = 4, the price should be RM1.50.
Adjusted for bonus issue with shares increased to 259.6 million and EPS for 1st half year of 14.4 sen, and yesterday's share price of 75 sen, and assuming earning for Qr 3 and 4 maintained, PE = 75/28.8 = 2.6 At PE 10, the price should be (10/2.6)x 75= RM 2.88.
Sorry, after bonus issue, shares increased to 360 million. NP for half year = RM 37.56 million giving an EPS of 10.4 sen. Assuming similar earning for the 2nd half, EPS = 20.8 sen. At yesterday's closing price of 75 sen, Prestar's PE is only 3,6. Based on PE 10, the share is valued at RM 2.08.
Previously even lock down also can show outstanding quarter result. Coming no more lock down after mass vaccination, steel companies quarter result will be even better and better, that time you will see all steel stocks breakout and up very fast. Steel companies prospect very good. Buy an hold.
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pantor
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Posted by pantor > 2021-08-25 18:58 | Report Abuse
Yes. Eps 9.59 Sen.