Author Topic: Steel counters  (Read 418 times)

Offline StockGod

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Steel counters
« on: March 08, 2022, 02:21:59 PM »

Annjoo  EPS 10.1* x 4Q x PE 10 = RM4.04 v current price RM1.68
CSC      EPS 9.52* x 4Q x PE 10 = RM3.81 v RM1.51
Emetall EPS 2.85 x 4Q x PE 10 = RM1.14 v RM0.44
Engtex  EPS 5.10* x 4Q x PE 10 = RM2.04 v RM0.67
Hiaptek EPS 4.11 x 4Q x PE 10 = RM1.64 v RM0.425
LeonFB EPS 8.50 x 4Q x PE 10 = RM3.40 v RM0.79
LSteel   EPS 4.00 x 4Q x PE 10 = RM1.60 v RM0.61
Mycron EPS 6.35 x 4Q x PE 10 = RM2.54 v RM0.49
Prestar EPS 10.03 x 4Q x PE 10 = RM4.01 v RM0.625
Tashin  EPS 4.57 x 4Q x PE 10 = RM1.83 v RM0.53


*exclude one off gain/loss

 :cash: Huat Ah  :cash:

Offline StockGod

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Re: Steel counters
« Reply #1 on: March 15, 2022, 08:49:28 AM »
Europe needs steel to build wind turbine

Ukraine needs steel to rebuild after war is over

Car makers and military vehicle makers need steel for their production so that Russian and Ukrainian can replenish those destroyed in war

Steel price will remain high. Local steel pricing is based on international market, so steel counters will benefit.

Offline StockGod

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Re: Steel counters
« Reply #2 on: March 28, 2022, 08:01:27 PM »
Annjoo  EPS 10.1* x 4Q x PE 10 = RM4.04 v current price RM1.68  RM1.80
CSC      EPS 9.52* x 4Q x PE 10 = RM3.81 v RM1.51  RM1.64
Emetall EPS 2.85 x 4Q x PE 10 = RM1.14 v RM0.44  RM0.475
Engtex  EPS 5.10* x 4Q x PE 10 = RM2.04 v RM0.67  RM0.68
Hiaptek EPS 4.11 x 4Q x PE 10 = RM1.64 v RM0.425  RM0.46
LeonFB EPS 8.50 x 4Q x PE 10 = RM3.40 v RM0.79 RM0.81
LSteel   EPS 4.00 x 4Q x PE 10 = RM1.60 v RM0.61
Mycron EPS 6.35 x 4Q x PE 10 = RM2.54 v RM0.49 RM0.485
Prestar EPS 10.03 x 4Q x PE 10 = RM4.01 v RM0.625 RM0.63
Tashin  EPS 4.57 x 4Q x PE 10 = RM1.83 v RM0.53  RM0.555


*exclude one off gain/loss

 :cash: Huat Ah  :cash:

Offline StockGod

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Re: Steel counters
« Reply #3 on: March 28, 2022, 08:07:42 PM »
Steel mills warn on price hike
By John Gilbert - March 14, 2022 @ 11:37am

KUALA LUMPUR: Domestic steel mills are adjusting prices due to the potential increase in commodity prices, as market sources say European long steel prices are expected to rise sharply in the coming weeks.

Offline StockGod

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Re: Steel counters
« Reply #4 on: April 17, 2022, 06:04:17 PM »
Annjoo  EPS 10.1* x 4Q x PE 10 = RM4.04 v current price RM1.68  RM1.83
CSC      EPS 9.52* x 4Q x PE 10 = RM3.81 v RM1.51  RM1.69
Emetall EPS 2.85 x 4Q x PE 10 = RM1.14 v RM0.44  RM0.46
Engtex  EPS 5.10* x 4Q x PE 10 = RM2.04 v RM0.67  RM0.70
Hiaptek EPS 4.11 x 4Q x PE 10 = RM1.64 v RM0.425  RM0.44
LeonFB EPS 8.50 x 4Q x PE 10 = RM3.40 v RM0.79
LSteel   EPS 4.00 x 4Q x PE 10 = RM1.60 v RM0.61
Mycron EPS 6.35 x 4Q x PE 10 = RM2.54 v RM0.49 RM0.655
Prestar EPS 10.03 x 4Q x PE 10 = RM4.01 v RM0.625 RM0.635
Tashin  EPS 4.57 x 4Q x PE 10 = RM1.83 v RM0.53  RM0.615

still very much under valued

Offline StockGod

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Re: Steel counters
« Reply #5 on: April 17, 2022, 06:17:48 PM »
Hiaptek reported lower EPS 1.63 (very much lower than 4.11 in the preceding quarter) mainly due to short term reduction in selling price for the period from Oct21-Jan22

In the Prospect, Hiaptek commented that the selling price is stablising with upward bias !

Therefore, if based on PE of 10, the current price of RM0.44 is very lower compared to the achievable EPS of >1.63 x 4Q x PE10 = > RM0.65

Steel counters   :cash:



Offline StockGod

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Re: Steel counters
« Reply #6 on: May 05, 2022, 02:26:24 PM »
all these steel counters are paying good dividends  :thumbsup: :cash: