All the steel stocks have been going up higher and higher since my last update on 28 Oct, especially yesterday. After the Covid 19 pandemic lockdown, people are free to go to work. There are more construction activities in every town and cities in Malaysia. As a result, the demand for steel and steel products have increased. Due to the increased demand, all the prices of steel and steel products have also increased.
All the steel traders and steel product manufacturers should report higher profit in the next few quarters.
Steel stocks comparison update
| Name | Price | Q ending June EPS |
| Ann Joo | Rm 1.09 | 6.11 sen |
| AYS | 48 sen | 5.24 sen |
| CSC Steel | Rm 1.24 | 4.62 sen |
| Leon Fuat | 53 sen | 4.11 sen |
| Pantech | 70.5 sen | 3.78 sen |
| Prestar | 46 sen | 3.27 sen |
| Hiap Teck | 26.5 sen | 1.41 sen |
AYS is the best steel stock to buy. Yesterday AYS went up 1.5 sen.
AYS Ventures Bhd is an investment holding principally involved in the trading and manufacturing of steel related products. The company is organized into three segments namely trading, manufacturing and others. The trading division trades and markets a diverse range of steel products and construction materials whilst the manufacturing division manufactures and trades pressed steel and fiberglass reinforced polyester sectional water tanks, steel purlin, and wire products. Other segment includes investment holding, warehousing and storage services and dormant. The products serve customers in the construction, engineering for heavy steel industries, fabrication, oil and gas, power plant and shipbuilding sectors. The group principally operates within Malaysia.
AYS moving average up trend chart update
I am obliged to tell you that I have AYS shares.
