i say don't sell, rent out okay,
price not attractive anyway...
Steel prices has gone up in the first quarter of this calendar year.
As a trading company, I know that HupSteel does not manufacture steel. How does the rise of steel prices affect their margins -- going forward? It should not be a big difference since it is all about demand of steel in Singapore?
Asia Enterprises managed by Yvonne, reported losses in its 1Q FY2017 (
http://infopub.sgx.com/FileOpen/AEH1Q201...eID=452156)
I am also seeing Lee Metal, HG Metal, how is HupSteel different from their peers?
(24-05-2017, 11:45 AM)kelvesy Wrote: [ -> ]Steel prices has gone up in the first quarter of this calendar year.
As a trading company, I know that HupSteel does not manufacture steel. How does the rise of steel prices affect their margins -- going forward? It should not be a big difference since it is all about demand of steel in Singapore?
Asia Enterprises managed by Yvonne, reported losses in its 1Q FY2017 (http://infopub.sgx.com/FileOpen/AEH1Q201...eID=452156)
I am also seeing Lee Metal, HG Metal, how is HupSteel different from their peers?
yes, i think its not a big difference. the main thing for this company is probably still the assets.
The latest available per share data as at 31st Mar 2017 based on the May results announcement:
NAV $1.3455
Cash ($0.58325) + Accounts receivable ($0.10802) - ALL LIABILITIES = $0.69127
Inventories $0.20322
Plant property equipment $0.16729
Investment Properties, including a brand new commercial building at 6 kim chuan drive $0.28068
Effectively, the current share price values the steel inventories, PPE and Investment property at next to nothing.
The company had also indicated that they are cost cutting. I think they are putting in effort to at least stay barely profitable after writing down a lot of the inventories and accounts receivable last year.
http://infopub.sgx.com/FileOpen/Hupsteel...eID=452295