YLI Holding Berhad : A loss making steel stock will given a chance to turnaround with better steel price?
I would say yes from 2 factors (1) better average steel selling price and (2) last March MYR 97 mil Langat 2 job awarded. Current price is at consolidation price and should be reaching the bottom already (hopefully i'm right). I will give a try on 0.465 with batch buying or full force If the price start turnaround. Current steel theme should be a motivator to attract buying.
Not a net cash company. Only interesting part is high retain earnings which has a chance to give 1:1 bonus issue. NTA 1.52, but it only meaningful when making overall bottom line as a gain.
YLI (7014) - YLI Holding Berhad: a loss making steel stock