|Last Price ||Today's Change || Day's Range || Trading Volume |
|0.77 || -0.04 (4.94%) || 0.77 - 0.81 || 995,900 |
|Market Cap: || 188 Million |
|NOSH: || 244 Million |
|P/E | EY: || 8.95 | 11.17% |
|DY | Payout %: || 0.00% | - % |
|NAPS | P/NAPS: || 2.2337 | 0.34 |
|Avg Volume (4 weeks):||1,125,240|
|4 Weeks Range:||0.75 - 0.83|
|52 Weeks Range:||0.495 - 1.06|
|Average Price Target: || 0.40 |
|Price Target Upside/Downside: || -0.37 |
YiStock jinhou, for importer who buy oversea and sell local like Masteel (vs those import & export), taking core earning you think appropriate? your opinion pls.
soojinhou I think it's appropriate, the material cost should already include the cost in usd. Therefore, I deem the forex losses as non recurring
soojinhou I'm taking a closer look at Masteel's report. The unrealized forex loss of 4,622 is most likely the same item as other expenses 4,622. Since it is not part of revenue and cost of sales, it is definitely non-recurring.
Yipman It's still earning but seller panic selling. just like last quarter. it will rebound soon.
probability market too high expectation..knee-jerk effect...should not take more than a week for the true effects of the results to surface.
My only concerns is the raw material cost they had used in relative to their product selling price..are they reflective of the future (or just old cheap stocks)..
If they can maintain half of the core operating margin it will be superb already.
moneySIFU All I can say is the timing of releasing QR by Masteel is terrible.... Lunch time... no time to think & digest.... market reacted......
OOMMGG Exclude forex loss, the result is the best Q in a year.
owning Agree with moneysifu, timing of releasing QR is really terrible! From the earning , although the profit not up to expectation, but dont think the market price suppose to drop that much. Afterall, it still come out with better QoQ and YoY.
Price will rebound soon...market reacted due to panic selling @@
ng1943 same game over over agaiin result out press down collect then push up
Billet production capacity: 700,000MT/annum
Rolling mill, ~ : 550,000 MT/annum.
Total throughput: 1,250,000MT/annum
If we assume RM150 per ton of steel processed as an average "value addition' per ton of througput of both (this at 5% gross margin on steel price),
The Gross profit is = 46 Million per qtr
Since they are taking right from the basic raw material of Scrap - the Safeguard Duty of 13.5% should be theoretically the rock bottom gross margin.
The latest qtr results seem to indicate that they are running at a approximately 40% of max throughput with a gross margin of 10.5%.
"So the current gross profit margin or at the least the absolute gross profit should be sustainable with a better throughput"
They produce the Billets via EAF method which mainly uses Scrap Steel (90%). As mentioned in SS forum earlier, the EAF users will have advantage compared to BOF users who are dependent on Iron Ore and Coking Coal. This will be the competitive advantage factor.
Some reference below ( to prove my message on Scrap Steel users advantage):
Masteel’s improved earnings in 3QFY13 was in stark contrast to the other local steelmakers, all of which reported losses for the period.
We attribute this, in part, to the company’s relatively smaller size and agility in managing its production and stock levels. Its electric arc furnace uses scrap steel as raw material. Scrap steel prices are generally less volatile compared with that of iron ore and coking coal, the main raw materials for larger blast furnaces. Case in point, iron ore prices rose more than scrap steel prices in 3QFY13 due to increased demand from Chinese steelmakers.
investoo Masteel poor performance for the quarter is due to forex loss of RM11 miilion, I expect next quarter EPS of at least 6 sen, PE 3.45 at current price.
probability when new fantastic dishes are constantly being served on the table (till end of the month)...even oysters get abandoned.
many companies reporting fantastic results ma...surely many are eyeing quick short term gains.. they are more concern on latest EPS.
lets see when the waiters stop serving...
probability anyone who wants to have a clear understanding on the basic fundamentals of steel processing, you only need to go through the 'single page' on the link below:
its especially important and easier to understand by going through the process diagram shown in the middle of the page. It shows the basic two routes of processing BOF and EAF.
Investopia Next quarter report timing will have some fantastic news ......
comebackisreal No wonder heavy sell down for masteel. Even lionind eps also higher than masteel.
Josephine Ong selling unwarranted...coming back strongly soon
IamGoogle All steel companies bleeding like hell today
Candl3 why huh? got what news?
Investopia Be patient ya...... it maybe just normal adjustment after results announcement for some to take profit....
Investopia Will be looking to buy after mid March after the US interest rates announcement & after looking at the reaction of our Super Duper Weak Ringgit...
noah i wonder why the management did not hedge their position to prevent huge forex losses??
since they already know they are importing stuff in USD
posby lion sudah lari...bila masteel lari?
culbertlim Better don't let your people come out and attack other's stock please got one people call CALVINTANENG better call him to shutup stfu and sto attacking GADANG while promoting his super MASTEEL in his blog thank you
calvintaneng Posted by culbertlim > Mar 13, 2017 08:44 PM | Report Abuse
Better don't let your people come out and attack other's stock please got one people call CALVINTANENG better call him to shutup stfu and sto attacking GADANG while promoting his super MASTEEL in his blog thank you
You are so cute
Masteel still unmoved?
Time to buy back some cheap overlooked Masteel shares!
heaven123 KYY make million just two weeks.
heaven123 Calvin eagle shut up-
TheContrarian Calvin, bought Masteel for the first time in my life today. You better be right!
familybusiness Calvin, i'm bought it few days ago... so please be right...fly fly..
familybusiness kyy donated 50M. Million is nothing to him.
posby china today announce cut extra 50million tonnes on top of 60million promised.. monday is steel on spotlight
posby i read it @ investing.com apps
blackealge1989 Insider news: Safeguard Duties likely not renewed.
Institutions start dumping steels counters. Upside of Steel counters are limited.
Nigel Low Blackealge1989 created new ID just to informed us "Insider News"? How thoughtful isn't it....
Unicorn If he really created IDs to cheat us, then he is definitely not an ordinary Joe loh..
kevin008 hopefully the import duties will remain
election coming..sweet for steel co. rather than construction co. loh..since they dy gave so much big contract n project to construction co.
leoting 钢铁第5报告之380天Update http://leoting81.blogspot.my/2017/03/5380update.html