Highlights
KLSE : MASTEEL       MALAYSIA STEEL WORKS (KL)BHD
Last Price Today's Change   Day's Range   Trading Volume
0.465   -0.005 (1.06%)  0.445 - 0.47  893,000

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):1,096,973
4 Weeks Range:0.445 - 0.575
52 Weeks Range:0.445 - 1.12
Average Price Target:0.79
Price Target Upside/Downside:+0.325
View Price Target Detail

Headlines

Latest Headlines
10/07/2015  PublicInvest Research Headlines - 10 Jul 2015
03/07/2015  利空籠罩‧次季恐再虧‧馬鋼廠3年財測大砍
03/07/2015  Malaysia Steel Works - Disappointing Quarter
03/07/2015  Malaysia Steel Works - Hit By Weaker Margins
03/07/2015  Malaysia Steel Works - Poor Start To FY15
26/06/2015  PublicInvest Research Headlines - 26 Jun 2015
23/06/2015  Malaysia Steel Works - FY14 Audited Accounts Qualified
18/06/2015  PublicInvest Research Headlines - 18 Jun 2015
12/05/2015  Malaysian Steel Works - Temporary Suspension
06/05/2015  Daily Trading Idea - MASTEEL – MYR0.61 TAKE PROFIT (TECHNICAL)
29/04/2015  延發財報‧馬鋼廠重挫15仙
28/04/2015  PublicInvest Research Headlines - 28 Apr 2015
23/03/2015  大马钢厂总有出头天
19/03/2015  Trading Stocks - 19 March 2015 - GTRONIC | GHL | IHH | FARMBES | MASTEEL | Jaya Tiasa
12/03/2015  鐵道計劃如期進行‧大馬統一一度揚10.84%
11/03/2015  Masteel Warrants Gain Steam
02/03/2015  Malaysia Steel Works - Above Expectations
02/03/2015  Malaysai Steel Works - Dragged By Unrealised FX Loss
23/02/2015  PublicInvest Research Headlines - 23 Feb 2015
13/02/2015  Building Materials - “Steel” Tough

  3 people like this.
 
ah_huat_liao To calvintaneng, i do agree with sayakamiyuki that you are always posting only positive comments.

From your profile, you have made over 8,700 comments to date... how many stock do you recommend? how many stock went up? how many went down?

Are you some "keyboard" investor, or just "NATO"? As a refined investor, (if you really are one) you should give a balanced view rather than always "blowing trumpet" about that handful which went up...
22/07/2015 01:05
kakijudi Price has stabilised . Alot selling being absorbed
22/07/2015 11:24
calvintaneng Huat liao?

Go and see BIMB tread now.
I highlighted BIMB on March 14 2015. 4 months' later Icon8888 now turn bullish

On Dec 15 to 17 2014 I recommended Jaks at 39 cents. Jaks jumped to over Rm90 cents now.

Just go to Calvintaneng and click on it. See all my comments and warnings. They are all there for all to read.
22/07/2015 20:29
calvintaneng Once a while some will come and post challenging remarks like Anbz, Sangero, Mikekong55, Newman, HJey, iiinvestmart, Mrtigershark, nancytang & crischan. See tem fell away one by one. Only the true ones will outlast all
22/07/2015 20:32
tanbb aiyoyo..masteel..
22/07/2015 21:36
ks55 Posted by ks55 > Jul 9, 2015 08:35 PM | Report Abuse X

30 cents would be good...
100 odd million pending write off.

So start buying at 33 sen.
Buy big only after 30 sen.

Of course, you can chose to buy at 92 sen.
Buy big up to 1.10.

Most important thing is to make money.
So test your skill tomorrow.



Posted by ks55 > Jul 2, 2015 10:15 PM | Report Abuse X

Q1 result shows 10m losses. Please pay attention to the inventory and trade receivables.

Stocks
on 31/12/14 is 165,153
on 31/03/15 is 354,329
Debtors
on 31/12/14 is 334,634
on 31/03/15 is 168,538

Notice the difference? Don't tell me debtors already paid up. Or is it the reversal of dubious trade raised by previous auditors.
Again the decrease in debtor 'coincidently' tally with the increase in stock inventory.
Take further note increased in inventory will not represent net realizable value as explained by the company as below:-

B3. Prospects

The prospect for the Company for most part of the year is anticipated to be challenging due to the culmination of various factors:
1) The large overhang of cheap imported steel products delivered in the 1st half of the year will continue to weigh on local steel prices.
2) With the implementation of GST in April and the subsequent Hari Raya holidays in June/July has dampened demand for steel domestically.
3) Rises in natural gas prices and the rapid weakening of the ringgit since 1 year ago has caused the costs of production to escalate.



NOTE:
Inventory on 31/03/2015 was 354,329,000. Price for long products then was around RM2400/MT.
Now price is around RM1800/MT. Already came down by 25%. So Q2 ending 30/06/2015 should reflect realizable market value of that inventory as 265,746,750, a reduction of 89m.
So we can expect 100m to be writen off in Q2, Q3 and Q4, iff Directors already learnt not to play-play with creative accounting.

This posting is written for syoh-syoh sendiri only.
Please don't comment if I don't know you.
Calvintaneng is welcome to comment. I know him.
22/07/2015 22:33
ks55 According to reports, steel consumption in China fell as much as 8% y-y in the first five months of this year. Production on the other hand is down by just about 1.3% over the same period, according to the World Steel Association. Steel futures in Shanghai slumped to record lows at the start of July, around CNY2,150 per tonne or equivalent to roughly RM1,300.

In Malaysia, we are selling at RM1800/MT. Thanks to 5% levy on imported tax......
22/07/2015 22:58
ks55 Price some how stabilized. Don't want to miss the boat. Bought some at 48.5 sen ( 打底 ). After so much of homework must ask for small reward. Next buy will be 40 sen.
23/07/2015 15:51
tjhldg :)
24/07/2015 00:01
ks55 If you forget about fundamental, Masteel is already in safe zone to punt.

1. Your cost will be the lowest among the existing shareholders.
2. Force selling period is over.
3. Those trapped above 50 sen (11m) will be your cushion, together with the 18m trapped above 66 sen. Unless they willing to lock up their share, they will have to generate interest to let go their holding soon. Otherwise, volume will turn low and share price will drift lower and lower each day.

Note, my dream price is still 33 sen. That is after taking into consideration further write down 100m obsolete stock and potential cash call.
30 sen is a better bet and any rights issue cannot be less than 50 sen.
24/07/2015 16:52


 

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