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):0
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 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
Icon Director Conversion Wt to Mother and sold in the open market and the company resale Treasury shares in the market too.....i guess new shareholder will appear...
25/07/2014 20:49
calvintaneng Icon,

Yes! You are Right on Target!

In Bursa Filing for 22nd July Transaction It Shows Director Disposed 2 million shares in the market. But a closer check of total volume traded on 22th July, 2014 (same day when Director sold 2 million shares) total volume traded for the day was only 481,100 shares only.

That Means That There Is A Third Party Buying into the 2 million shares.

Something is happening here which is yet to be seen.

SOMETHING VERY POSITIVE!
25/07/2014 21:58
Steven Yong calvin, you talk so many ,got buy not
25/07/2014 22:55
calvintaneng Steven Yong,

I have little spare money so I bought a little every where. For Masteel I only bought Masteel wt at 33.5 cents (20,000 shares).
25/07/2014 22:58
AyamTua Calvin Tan prediction is RIGHT about MASTEEL.. shouldnt doubt him.... any new investor newbies should LEARN and TAKE HIS ADVISE ...
25/07/2014 23:00
citiwai Calvintaneng boleh....masteel also boleh....huat arh...
25/07/2014 23:03
AyamTua i have faith in Calvin Tan .. after PMCORP success.... so no, he wont make fail predictions ... kikiiii
25/07/2014 23:08
Steven Yong Warrant expired soon
26/07/2014 01:28


 

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