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Overview
Financial Highlight
Headlines
Business Background Prestar Resources Bhd is principally engaged in the business of renting out properties and investment holding. The principal activities are mainly manufacturing of steel related products. The company has three reportable segments mainly: Investment, Trading, and Manufacturing. The firm focusses on manufacturing slitting and shearing of carbon and stainless-steel mother coils into slitted coils/ sheets for automotive, electrical and electronic, office, equipment, metal stamping industries, roll-forming of carbon steel pipes, stainless steel pipes and hollow sections, manufacturing of steel flat bars, steel purlins, wheelbarrows and platform hand trucks, steel shelving and pallet racking and other storage equipment and highway guardrails. The group operates in Malaysia.
  SJSOON Hahaha?.I am just happy when I see this arrogant old man falls in the stock market. Come over to tease him. 10/03/2022 11:03 PM winmal Hopeless Uncle promote to buy steel stocks his take profit... last week promote plantation stocks take profit again 14/03/2022 11:24 AM winmal last quarter Prestar reported 10 cents EPS BUT today share price traded merely RM0.615... bad hit from recently selldown after uncle call for sell 17/03/2022 4:18 PM superrr The Old old man using articles to make $ for many years.... winmal Hopeless Uncle promote to buy steel stocks his take profit... last week promote plantation stocks take profit again 01/04/2022 9:54 AM  Star8888 Nucor Corporation largest steel producer in the United States drop 8.17% last night. https://www.google.com/search?q=nucor+share+price&rlz=1C1GCEB_enMY829MY829&oq=nucor&aqs=chrome.2.69i57j46i199i465i512j0i512l4j69i60l2.3293j0j7&sourceid=chrome&ie=UTF 25/04/2022 11:35 AM TanDavid88 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. 25/04/2022 11:41 AM stockbitsniper Kyy write article after he sell the shares. Uncle is the News. Sell on news. 25/04/2022 6:55 PM kkl123 I think can buy now,because uncle hide,not talk talk. When you see uncle talk talk,can sell off and make 100%profit. 01/06/2022 7:43 PM kkl123 Uncle is quiet quiet now,can buy. Follow kyy buy in.when he talk talk,follow him sell off. 03/06/2022 9:16 AM  Michael Kwok Sell call 39.5 cents(sell on strength) Tp 20 cents range 3/6/23 10.15pm 03/06/2023 10:15 PM Dehcomic01 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/ 15/07/2023 12:13 PM OneOracle 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. 01/09/2023 4:32 PM wongcheehui8383 Wah. This counter 2 months no ppl comments..... hahaha . Leave ald? 16/11/2023 7:58 PM  SincereStock finally reentered this counter after so many years. price is at 3 years low, debt keep lowering, EPS improves, good dividend, NTA high. plus, 2 years steel moratorium is great bonus 23/11/2023 9:06 AM SincereStock @wongcheehui8383 nice~ I only pay attention to this counter after yesterday QR report, the only thing I don't like with steel counter is that the counter price is too much influenced by steel price. but since now there is 2 years moratorium and steel price is quite stabilized, plus huge NTA discount here. I think it should be very safe to park here for another 3 months until next QR unfold 23/11/2023 11:02 AM SincereStock if wasn't investor being extra cautious with steel price, I think this counter already valued at least half it's NTA at RM0.60 23/11/2023 11:03 AM SincereStock all conditions set to break this year's all time high before end year closing 23/11/2023 11:31 AM SincereStock not much profit taking can be done at this point considering the last 3 years' price 23/11/2023 2:59 PM SincereStock sold all at 0.425 today, decided to park the cash at PENERGY for this moment, will come back if given opportunity 04/01/2024 10:30 PM SincereStock bought back at 0.420 today after made good profit at PENERGY, glad to be able to switch back here before it's outbreak 11/01/2024 11:36 AM SincereStock just had a glance over some other not so fundamentally attractive steel counters, it seems steel play is very long due, especially after moratorium announcement true rally still no start 11/01/2024 11:59 AM SincereStock steel counters especially this undervalued PRESTAR still lagging behind bursa index of 1500 24/01/2024 4:44 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
