ANALYSTS like steel fastener maker Tong Herr for its good earnings prospects, given growing demand for steel fasteners and cheap price/earnings valuation of 6.7 times. Recovering steel prices will also mean higher selling prices of fasteners for the company, a local research house said. The counter emerged as one of last week's small company top gainers after announcing strong third quarter results where net profit grew over threefold to RM20.7mil, or an earnings per share of 24 sen on Tuesday.
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