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http://kongsenger.blogspot.my/2018/01/7162-astino-rm110.html

7162 Astino 南亞集团RM1.10进入:

 http://kongsenger.blogspot.my/2018/01/7162-astino.html
再谈7162 Astino 南亞集团的前景:

http://kongsenger.blogspot.my/2018/01/7162-astino_85.html
7162 astino 南亞集团的近日技术图片状况与工厂实景：

Astino 7162南亞集团：我的成长与价值股。

http://kongsenger.blogspot.my/2018/02/astino-7162.html

http://kongsenger.blogspot.my/2018/02/astino-7162-rm-099.html
Astino 7162 南亜集团RM 0.99逢低買入：

https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况

Astino – slow and steady

When Warren Buffett first started, he focussed on finding “cheap” companies without paying too much attention on the quality of the business. He referred to this as cigar-butt investing. He likens this to finding a cigar butt that still has one or two puffs left.

I would put Bursa Malaysia Astino in the cigar-butt category. This steel roofing companies faced two headwinds over the past decade – soft property market and cyclical steel prices.

Nevertheless, it is a profitable business and is financially sound. Astino delivered single-digit revenue and earnings growth over the past 12 years

While it is in a mature sector, it is not a sunset industry. I do not see any digital or other disruption on the horizon.

Based on the past 12 years' performance, I estimated that there is more than 30% margin of safety from both the NTA and an Earnings Power Value perspective. It is not a value trap but a cigar-butt investing opportunity.

For more insights, refer to Is Astino a value trap?