Important to point out that all steel stocks except Hiap Teck reported their results for quarter ending June. Hiap Teck reported its result for quarter ending April. It will announce its result for quarter ending July before end of September which should another record profit.
Among all the stock selection criteria such as NTA, cash flow, balance sheet, debt, cash rich, EPS etc the most important consideration is profit growth prospect. Only profit growth can push up the share price. For example, almost all the property development companies are selling below their NTA but their share prices continue to drop because they do not have profit growth. Always there are more sellers than buyers.
Profit growth is the most powerful catalyst to push up share price.
Only steel stocks which has good profit growth will continue to go up. All the steel stocks which reported reduced profit will continue to drop.
I took the trouble to tabulate all the listed steel stocks for comparison as shown below to help investors.
|
Name |
price |
Latest EPS |
Previous EPS |
Changes |
|
Hiap Teck |
62 sen |
4.8 sen |
2.2 sen |
Increased 118% |
|
AYS |
72 sen |
8.5 sen |
4.45 sen |
Increased 91% |
|
Astino |
72.5 sen |
8.5 sen |
6.3 sen |
Increased 35% |
|
Prestar |
76 sen |
9.59 sen |
9.45 sen |
Increased 15 % |
|
Leader Steel |
68.5 sen |
5.01 sen |
5.47 sen |
Reduced 8% |
|
Leon Fuat |
Rm 1.13 |
9.76 sen |
11.65 sen |
Reduced 16% |
|
Choo Bee |
Rm 2.20 |
17.15 sen |
20.93 sen |
Reduced 18% |
|
Mycron |
58 sen |
4.13 sen |
5.75 sen |
Reduced 28% |
|
Melewar |
53 sen |
2.64 sen |
5.87 sen |
Reduced 32% |
|
Tashin |
60.5 sen |
3.9 sen |
5.84 sen |
Reduced 36% |
|
Lion Industries |
61.5 sen |
Loss 1.4 sen |
17.4 sen |
LOSS |
https://klse.i3investor.com/blogs/koonyewyinblog/2021-09-10-story-h1571470090-Steel_stocks_comparison_Koon_Yew_Yin.jsp
