|Last Price ||Today's Change || Day's Range || Trading Volume |
|0.945 || +0.005 (0.53%) || 0.94 - 0.96 || 4,388,100 |
|Market Cap: || 231 Million |
|NOSH: || 245 Million |
|Avg Volume (4 weeks):||2,474,131|
|4 Weeks Range:||0.755 - 0.965|
|4 Weeks Price Volatility (%):|
|52 Weeks Range:||0.495 - 1.06|
|52 Weeks Price Volatility (%):|
|Average Price Target: || 0.40 |
|Price Target Upside/Downside: || -0.545 |
|Latest Quarter | Ann. Date || 31-Dec-2016[#4] | 22-Feb-2017 |
|Next QR | Est. Ann. Date: || 31-Mar-2017 | 25-May-2017 |
|T4Q P/E | EY: || 10.99 | 9.10% |
|T4Q DY | Payout %: || 0.00% | - % |
|T4Q NAPS | P/NAPS: || 2.2337 | 0.42 |
|T4Q NP Margin | ROE: || 1.74% | 3.85% |
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.
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
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
investoo Malay Contractor Association (PKMM) has written to MITI to protest the safeguard duty on steel bar, says the protection has pushed up the price of steel bar from RM1620 to RM2450. Let see how true is their claim.
According to PKMM, Malaysia Rebar Price increase from Sep 2016 of RM1620 to Mar 2017 of RM2450, an increase of RM830.
During the same period, Rebar Price at international market increase from US$300 (USfirstname.lastname@example.org=RM1240) to US$460 (USemail@example.com=RM2036), an increase of RM796.
From the above calculation, there is no basic to claim that the increase of rebar price in our market is due to the safeguard protection. It's due to price increase at international market and weakening of Ringgit.
Beside there are a lot of quality problem on rebar from China, how are we going to ensure there are no sub-standard rebar produce by the backyard mill from China coming into our market ? Just imagine the consequences if we are using these backyard mill's rebar to build our high rises and bridges..
Most countries have imposed heavy duty on cheap Chinese steel, MITI is doing too little and too late in protecting local steel industry. They should decide what is best for the country and not seccumb to pressure of interest groups.
THE EDGE as a business and investment weekly should do some investigative journalism in their reporting, in their article on steel safeguards, they have failed in the following:
1. To highlight the real reason for the price increase of steel bar on local market from RM1620 to RM2450
2. To provide a balance view on safeguards duty, they omitted view from opposing interest group
3. To report the world practices of safeguards and anti dumping duty on Chinese Steel.
The Edge article has triggered yesterday massive sell down of steel counters, I personally felt that they owe their subscribers and investors who sold out their shares during yesterday meltdown some explanation. In order to rectify their bias reporting, they should present a balance analysis on the havoc created by Chinese steel industry to the world steel market and actions taken by respective countries to protect their national interest in the next publication.
OOMMGG Government know better what is the consequence of fully removing of safeguard import duty. If not maintain the current rate of safeguard import duty, some sort of protection must in place to protect local steel industry. This is government resonsibility to ensure survival of local steel industry to continue support local infrastructure building and development of property.
kanter The damage being done! Is it a conflict of interest of lacking of professionalism ? You judge yourself.!
calvintaneng Hi guys,
1. Trump Usd 1 Trillions Infrar works for USA will need lots of steel
2. China building new Economic Zone will spur steel demand further
3. The rollout of many infrar Mrt, Lrt and highways in Malaysia will bring in more demand for long steel.
Now is the time to load up more Masteel shares.
Master of Long Steel
kevin008 any news for import duty?
investoo Kevin008, Duty announcement only due on 13 April 2017, the Edge's wrongly calculated as 10 April 2017.
skyea dare not touch before the MITI announcement. last time masteel spike a day before results, next day gap down 10%. gila one this jonker
Chilly what are you waiting for! safeguard extended to 3 years.
Today over 700 counter down
MASTEEL IS UP!
TheContrarian I bought Masteel @ 76 to 79 sen after reading Calvin's writeup last month.
MrPauper Wherever there is calvintaneng, there is always TheContrarian.. what a coincidence..hahaha
TheContrarian Calvin saves me time to look for bargains. I only follow Calvin's tips twice, first time Insas and second time Masteel.
Peter2357 declared 0.85 cts dividend today.
TheContrarian MrPauper, steel safeguard duties extended? Shouldn't this be good for Masteel?
ys13 0.0085 cts should be
smartInvestor1 One of the steel company that benefited from the duties extended news. TP 1.00
calvintaneng MASTEEL - Master of Long Steel bars and rebars
With duties imposed on China rebar dumping Masteel will muster enough strength to power up, up and up!!
twoplus all down only masteel up
Meowyx Confirm UP ------ Meowyx
Tiff all up only masteel down...
probability unbelievable..thanks to soojinhou!
leoting Whether it will lead long steel or not this time?
probability good refresher:
moneySIFU wow... congratulation to all
Yipman suddenly surge up. What are the good news behind?? QR still one month ahead.
soojinhou No need to thanks. Waiting for results, if not good, it will fall back. Congrats to those who fished at the bottom.
probability looking at zeftan's posting above, Choo Bee's recent news, Ann Joo and Masteel's price spike...and Pantech's results
have a feeling, local steel manufacturers margins (especially downstream) are intact
Sonic128 give a like to Calvin..
calvintaneng So happy for all here!
Must thank Great Sifu Dr. Neoh Soon Kean who first highlighted this Masteel in his monthly digest.
Dr. Neoh of Dynaquest is also in the Top 30 shareholders of Masteel.
Many happy returns.
kevin008 ssteel very good result leh and gap up 13% today..masteel will follow
Up_down MAsteel will be joining the bandwagon of Ssteel later....Expect to deliver good profits in upcoming QR.
i7trader Rise the MASteel!
moneySIFU Rejoin the boat, bought little today