Highlights
KLSE : MASTEEL       MALAYSIA STEEL WORKS (KL)BHD
Last Price Today's Change   Day's Range   Trading Volume
1.02   +0.025 (2.51%)  0.995 - 1.03  1,475,200

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):978,368
4 Weeks Range:0.965 - 1.04
52 Weeks Range:0.83 - 1.16
Average Price Target:1.14
Price Target Upside/Downside:+0.12
View Price Target Detail

Business Background

Malaysia Steel Works (KL) Bhd (Masteel) is a Malaysia-based manufacturing company. The Company is engaged in manufacturing of steel bars, mild steel bars and prime steel billets. Its subsidiaries are Steel Dynamics (M) Sdn. Bhd. and Bio Molecular Industries, which is engaged in manufacturing, research and development of radioisotopes and radiopharmaceuticals products. As of December 31, 2011, the Company held 45.34% interest in Bio Molecular Industries Sdn. Bhd. On August 6, 2010, the Company completed the disposal of its Molecular Industries Sdn. Bhd. (BMI). On January 6, 2011, the Company acquired Metropolitan Commuter Network Sdn. Bhd. In July 2011, the Company sold its subsidiary Steel Dynamics (M) Sdn Bhd.

  3 people like this.
 
calvintaneng Skl_81

Today News Came Out That RM21 Billions Have Been Allotted to Greater KL MRT!

Lots and Lots of Long Steel is Needed.

In Bursa Filing Director just converted 1 million Masteel Shares from Warrant to Mother.

He could just sell warrants and buy mother to pocket the 4 to 5 cents difference. Instead he did all share holders a favour by setting a very good example to convert warrants.

Director is a Gentleman Indeed!

You Are All In Safe Hands

Enjoy the Ride Upward! Up! Up! Up!
24/07/2014 22:10
Steven Yong why sudden drop? Don't understand
24/07/2014 23:08
Icon strong support at 0.990 and did't break the gap level and i think tomorrow would stand above 1.00.....see the volume, masteel going goreng soon...
24/07/2014 23:34
Snowden Bo lat. this counter really sad
25/07/2014 08:05
Icon aiyo...collect more when fall below 1.00
25/07/2014 08:55
Icon big fish collect at 1.00 now
25/07/2014 10:00
calvintaneng Good Morning,

Yes! Since Director convert 1 million warrants. It indicates that Director of MASTEEL Has A Very Positive and Bullish Outlook For MASTEEL's Future!
25/07/2014 10:19
Rubychooi hi calvin, what is mean by director convert 1m warrant?
I holding Masteel-Wa sometimes ago at 0.35, should sell or what?
25/07/2014 11:27
calvintaneng Rubychooi,

It works like this.

Masteel is now at RM1.01

Warrant Price is 39.5 cents.

Conversion for Masteel Wt to Mother is 67 cents.

So if convert means 39.5 cents plus 67 cents = Rm1.065

Compare to Mother now selling at RM1.01 there is an extra cost

1.065 - 1.01 = 5.5 cents.

Yes! No Investor will convert at this moment. Director is doing All Share Holders A Favour.

To Do So Means Director Is Actually Buying Masteel at RM1.065 instead of RM1.01..

At RM1.065 Director Sees MASTEEL Has A Good Future Potential To Rise Even Higher!

There Is A Difference Between Mother & Wt

Only Mother is entitled to dividend.

Reason to buy warrant is an opportunity for arbitrage. If Mother & Wt both go up One Cent.

Wt will gain much more by percentage.

Example RM1.01 (Mother) One Cent increase equals 0.9%

39.5 cents (Warrant) One Cent increase equals 2.5% gain.

So buying Warrant will amplify gain if you think the price is bullish. However in bear market warrant can also exacerbate losses.

So we must be very sure before buying warrant to check on its immediate current and future prospects. And the main reason to be bullish is due to Billions of rm in MRT Construction which will increase demand for long steel.

And MASTEEL Is The Master for Long Steel products for MRT Pillars.
25/07/2014 13:16
Steven Yong no, not because he is doing you all favor. It's because he knew something is brewing, special div maybe.
25/07/2014 14:02


 

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