Dun be too - ve friend, always think jerung every where. Top traps bottum shit hole like Chinese proverb: in front ship's got ghost, behind got bandits.
Every time I press CALL, I make sure I'm well equipped be4 entering battle grounds. And I will not simply shares if not having confident supsequent damage my repo.
Yesterday midnight on small exchange thoughs, I kindly remind u too have a look on Leader, check back what u reply, I guess u r NOT A BELIEVER.
Only steel counters can produce superb results after glove. tech is over-rated. other board all teruk The recent collapsed was way overdone. Steel we go!
Patience is the keyword in every successful investment. Buying cheaper or big quantities doesn't guarantee biggest return. The accurate way is by % gain at the end of the day. No point if one buy in big and take big angpau 4 few bits gain. Imagine the risk too. Always be comfortable with order send out so pressure wouldn't cloud ur decisions.
Today qr result released by companys, I can say 70% are below par with the rest maintanig or slightly improving. It's wise to have a least 1 steel or aluminium ctn in ur portfolio. This is due (below par qr) to prolong pandemic but steel/aluminium do benefit from it. It will take at least 1 year more to recover.
The era of cheap cheap commodities is over. There is always a limit in our planet resources vs the way we exploit it. Take lsteel for eg,
7.111m / 52.68m is only 13% net margin. What is 13% compare with gloves industry. Go restorant also they charge u 5% service charge.
This will NOT BE A SHORT LIVE RALLY and everything are intact provided steel and aluminium prices does not breach the following
1) 3800 yuan 2) 2000 usd
Steel's manufacturers should take a big lesson from this pandemic in how to maintain a decent profit margin or else another crisis struck they will be buried. A reasonable price for each commodities is the answer to environmental issues as this will curbs wastage.
LSTEEL profit is improved from previous quarter of EPS=2.68 cent to current quarter of EPS=5.47 cent. Before this new quarterly result was out, the price was already 82 cent. In my opinion, LSTEEL should hit at least 95 cent. One more, LSTEEL borrowing is low and better business ahead. Need not worry at all.
LSTEEL profit is improved from previous quarter of EPS=2.68 cent to current quarter of EPS=5.47 cent. Before this new quarterly result was out, the price was already 82 cent. In my opinion, One more, LSTEEL borrowing is not high and better business ahead. Need not worry at all. Expect to reach at least RM1.00
Invest_888: you highlight (correctly) high NTA, solid EPS and increasing steel prices, but after that you gave low price target expectation of only RM1
in my opinion, based on financial ratios and sector comparison, current fair value is RM0.94, but if we consider growing steel prices and better future sales ahead, my personal forward target price is RM1.4
Short term target price is RM1.00 since it is the main resistance for the buyers before breaking to higher level. After that it can be highly possible to reach the range of the RM1.4 - RM1.5 with higher revenue and earning in the upcoming quarterly financial result. . Due to extremely high demand in steel esp China belt and road initiative, US Biden administrative infra projects & other countries infra projects, the steel/aluminum/copper related businesses are booming. Nowadays, the most profitable and prosperous Malaysia companies are steel companies with record earning.
Share price in Jan2021 was around 57cent. In comparison with other steel stocks with good earning as LSTEEL, Other stocks has surged more than 50%. Leonfb has surged more than 100% since January.
LSTEEL Share price is only 70cent. It is undervalued now. Expect to reach at least RM1.00 and might go further uptrend as well.
Steel remains a solid insurance policy in preparation of inflation theme. However, economic recovery in Malaysia is projected to only take place in Q1 2022
1) buy into Mycron @ 0.285 small positions ( to date nill) 2) AYS - Few times successful trades 3) Leonfb @ 0.4 small positions - nill now 4) Prestar @ 0.455 seriously position where I mostly sell off at rm1 which I deeply regreted. Now holding less than initial 15%
For prestar, I forsee a good chance for bonus issues soon.
5) Lbalum ( aluminium) @ 0.590 seriously position. 50% holding to date
Due to limited fund, the above are the only companies I had enter with satisfactory return. 29/04/2021 12:11 AM
Share price in Jan2021 was around 57cent. In comparison with other steel stocks with good earning as LSTEEL, Other stocks has surged more than 50%. Leonfb has surged more than 100% since January.
LSTEEL Share price is only 69.5cent. It is super undervalued now.
Expect to reach at least RM1.00 in short time.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Luckyboy88
405 posts
Posted by Luckyboy88 > 2021-05-21 13:10 | Report Abuse
Market slowly react to qr. Very good sign.
Will share my thoughts on SUSTAINABILITY issue tonight
2 main reason I pick this counter :
1) new manufacturing plan near Port klang
2) reoccurring rental income 6m from associate com annual.
Cheers!