冷眼 (Fong Siling) & Neo Choo Ee : CSCSTEL

冷眼 (Fong Siling): CSCSTEL 

(1 million share ~ 0.27%)

Neo Choo Ee & Company ( 1.7 million share~ 0.46%) 

This is one of the stocks own by Mr Fong Siling.

Please refer to previous post http://182winpower.blogspot.com/2012_06_01_archive.html

With the China steel market heavily hit the local steel market at lower price, CSCSTEL seems to be one of the victims with the significant drop in EPS in Q1. But, surprisingly the Q2 results showed the EPS increased from 1.7 cents to 2. 86 cents! WOW, what a black horse!!!

What i like for this company at these moment of time are:

• Year Low currently ( due to the poor outlook for steel market at the moment of time), it is time to collect! Don't you think so?
• Cash rich, debt free company with high NTA RM 2. 04 ( almost 80 % discount from current share price! ( debt equity ratio at 0.1!!!!!!! only)
• With the government implementation of ETP in which infrastructure construction are being released one by one, the Director of the company is confidence that the company will back to Rock & Roll! 

Do you think it is wise to collect now, when the bar start to show turning point! wow!