Despite the worry of interest rate increase in the US, the share price of Nucor was breaking new high on 21/4/2022. The share price of Nucor (the biggest steel stocks in the US) had moved up north from 78.99 on 31/3/2021 to 175.59 on 21/4/2022. The share price of Nucor had increased 122% in the last 12 months. Share price jatuk awak cakap, naik tak cakap.
Steel companies are cyclical and if you are a long-term fundamental investor, you should look at the performance over the cycle. Over the past 14 years (covering several steel cycles), the company ROA averaged 4%. This is even lower returns than the EPF. But you have to look at the sector. During the same period, the mean ROA for the Bursa steel companies averaged 1%. So Prestar did better than the sector. But are there better steel companies. If you want insights into how the steel sector performed go to https://focusmalaysia.my/its-been-a-tough-12-years-for-bursa-malaysias-steel-companies/
Good management . Paid more than 5% share and cash dividend for past year even when poor business environment. Show that management take care of business and also shareholder. See you at 90 sen in 2024.
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....
superrr
3,741 posts
Posted by superrr > 2022-02-25 13:38 | Report Abuse
Of course, he had bought a lot at cheap prices then ask you to buy high lol.....
nicholas99 why KYY always ask ppl to buy when the price is already high?
11/02/2022 9:38 AM