leechonglamsuch disappointing 3Q result. but still a profit 3Q but share price affected badly. now i need to keep this share in my CDS account for the share price to recover. brought around 0.8-0.9, sadly no more money to dollar-cost it. As the company is now running profitably, should be a good long term share as long steel price is high. based on NAV per share of RM2++, it's a long term investment bargain. I recommend investors who didn't buy around 0.8-1.0, this is your time to earn.
kk123Steel company in malai hard to compete with china or korea steel co.. Unless they tax on imports steel dumping will goes on..
leechonglamjust be patient, price will recover if company keep posting profitable quarterly report. until 2015 year loss all recovered, the company is moving positively. Price maybe will return to 0.9++ or more. capital limited investor like me only got small "blood-sweat" money already brought expensively. I predict this Q3 to Q4 will trade at 0.64 to 0.75.
leechonglambe confident, this is not zap-lap company. not a speculative company. Worth to invest but the matter of entry price.
Risk RiderCalvin Tan, mind to come here to answer what raised by IamGoogle? Please a man to stand out to do what is necessary, even admitting a mistake won't be the end of world
I HEARD THAT PERWAJA FACTORY IS NOW BEING TAKEN OVER BY CHINA STEEL MANUFACTURERS! AND THEY ARE SHIPPING ENTIRE PRODUCTION MACHINERY OVER TO MALAYSIA!
SO AS THINGS BEING MURKY I CANNOT SAY GOOD OR BAD AT THE MOMENT
THEY MANUFACTURE BOTH LONG & FLAT STEEL PRODUCTS!
AS SUCH MASTEEL MIGHT BE IMPACTED.
SO I URGE ALL WHO BUY LONG STEEL & FLAT STEEL TO TRADE & INVEST VERY CAREFULLY NOW!
calvintanengNOW ONLY PRESTAR STILL STANDING AS PRESTAR IS IN GUARD RAILS & WHEEL BARROW
ALTHOUGH CHINA DO HAVE THEIR OWN WHEEL BARROW & GUARD RAILS THEY ARE INFERIOR COMPARED TO PRESTAR'S SUPERB QUALITY.
NOW THAT THEY COME TO MALAYSIA - HOPEFULLY PRESTAR'S MANAGEMENT WILL RISE UP TO THE CHALLENGE!!
Risk RiderSo, that's it? Calvin? Abandoned this ship after pump & dump?
leechonglamJust don't care him. Whoever brought MASTEEL just hold on it. Expectation from Q3 to Q4 price around 0.64-0.75. Contra players already trying to buy back the share today or tomorrow, trading at 0.68-0.71. There is short term earning potential.
IamGoogleI met one Alor Star buddy & he said Genting, next time it would up more than 100 times.......
He said that when he was 35, he is now 75... I knew him for more than 40 years
Sorry to tell my grandpa story, that was what my grandpa told me
VenFxKUALA LUMPUR (Nov 30): KUB Malaysia Bhd and Malaysia Steel Works (KL) Bhd (Masteel) have mutually agreed to terminate their joint venture agreement for the proposed RM1.23 billion inter-city rail transit system project in Iskandar Malaysia, Johor.
VenFxSometimes, I kasian this Calvin really bad luck.
IamGoogleBad luck is something you simply tempak & you get chance & miss. But for CALVIN TAN, he always pick holland stocks, it's down to his poor & lousy skills in picking right stock at right time. Simply put, he has very bad taste.
leechonglamDon't care that Calvin already. Is he going to pay all your losses? NO! Don't listen to him anymore. What for discussing over and over of him. No need to pity him, he get what he did.
calvintanengNo need to fear guys. Go buy Drb now as it will be going up powerfully!!
leechonglamBe greedy when others are fearful and be fearful when others are greedy. Simple. MASTEEL is just because of poor Q3 result. But still on a profit side until Q3, just need to make sure MASTEEL is able to consistently posts profit results to recover their losses in 2015. If you have confident in this company, just hold. Is a good mid-term investment. If not, just throw.
leechonglamNo need listen Calvin or who who who and me. Do your own homework.
gearyCrazy or what! Net cash position is negative 0.11 n net current asset value is negative 0.33. That why got people commit suicide, cause never check financial statements, d balance sheet. Gd luck!
leoting@blackeagle1989 you did an excellent job to post the video. Those peoples cannot even differentiate long products and flat products, and the actual applications of the sub-category products can talk like expert.... really disgusting.
leotingDo not simply equal the steel=properties. Last few year properties booming but steel sector still making huge loss. Then, now saying properties slow down will bring down the steel company. All business talking about margin! If no margin or negative margin, you did more means you lost huge!
leotingOverall demand of steel either flat or long will decrease due to economy issue, but remember that Malaysia steel companies only produce half of the Malaysia steel consumption. When cheap dumping from China being reduce, the remaining steel companies can get a immediate extra margin to bounce back. Also, the rally of commodities, just like steel and aluminium, is world wide theme, not simply Malaysia Steel Theme. The uptrend is just start a year, and it will continue due to Trump's commitment to allocate big resources on infrastructure.
red_85reminder to newbie, please avoid steel counter now...go for plantation counter or plan for properties counter which already at low point and it is safe...steel counter after so high goreng, time to rest ..
Risk RiderCalvin Tan is the worst & ignorant junk I ever seen in i3
Posted by calvintaneng > Dec 1, 2016 12:26 PM | Report Abuse No need to fear guys. Go buy Drb now as it will be going up powerfully!!
Risk RiderCongratulation, Calvin Tan, your life objective to make famous is successful in i3, though that's very bad name.
leoting@red_85, i like your suggestion very much.But, please advise us which plantation counter is good to invest rather than simply tell us to invest plantation sector.
Nigel LowBursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) publicly reprimands Malaysia Steel Works (KL) Berhad (MASTEEL) and 3 executive directors for breaches of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Main LR). In addition, the 3 executive directors of MASTEEL are fined a total of RM130,500.
We refer to our announcement dated 25 November 2016 and the above article.
Subsequent to the execution of the Heads of Joint Venture Agreement (‘the Agreement’) between KUB Malaysia Berhad (‘KUB’) and Malaysia Steel Works (KL) Bhd (‘Masteel’) (hereinafter referred to as ‘the Parties’), Masteel wishes to state that since the presentation of the Johor commuter train project (‘the Project’) to the Economic Council (‘EC’) on 8 August 2011 and pursuant to that meeting, the Parties had followed the direction of the EC to finalise certain issues with the Ministry of Transport and having coordinated with three (3) Ministers of Transport, the Parties had in early 2016 finalised its proposal for the re-tabling to the EC.
In a meeting with the Economic Planning Unit (‘EPU’) on 15 April 2016 to discuss the re-tabling of the Parties proposal to the EC, the Parties was informed to undertake the addition of ‘social’ routes for its Johor commuter train services.
After due consideration, the Parties had concluded that the additional routes will render the Project economically unviable.
In view of the long gestation time and the impasse with EPU, the Parties had decided to terminate the Agreement on the basis that all efforts made by the Parties to date with the Government of Malaysia have not yielded a definitive timeline for the satisfactory conclusion of the said Project.