ks55Simply prove the quality and credibility of so called analyst from Public Invest. 6 days ago still ask for strong buy with TP 1.10. Now ask for strong sell with TP 56 sen.
In Public Invest you trust will bring you to holland in a supersonic jet like Concord.....
anonymousinvestorThey cant control the steel price, low steel price did hurt their margin. But government jz started the import duty from last month, June. My personal thought, 10 millions is not much for Masteel. Though current results is always important, but share price also takes in and reacts to prospects and future.
Anyway I believe when it going to re-trade, think it's kinda obvious that it will surge, regardless of the quarter results. Afterwards have to depend to the steel price and the catalysts. I not worry because I bought cheap, to punt for the catalysts when I heard the share price was hammered on purpose for Mr Liow and the friends.
Sg-KL high speed railway tender starts in early of 2016, to be completed by 2020. Iskandar-Sg railway project announcement by this year.
ks55Q2 result will be the extension of Q1. More write off is expected. Directors will be more careful to play with creative accounting. Higher inventory make cash flow a serious problem.
YourMotherInLawlets see on how things will go out. Margin at only a meagre 2%. any business will die with this margin.
keanchungWe refer to the announcement made on 19 January 2011, wherein Masteel announced that the Company had entered into a Head of Joint Venture Agreement (“MOU”) with KUB Malaysia Berhad (Company No. 6022-D) (“KUB”), a company listed on the Main Market of Bursa Malaysia Securities Berhad whereby KUB and Masteel (“Parties”) have agreed to combine their capabilities and resources to co-operate and collaborate with each other in the joint-venture company, Metropolitan Commuter Network Sdn Bhd to pursue the rail transit network project in the Iskandar Development Region (“Project”) and the Parties are desirous of submitting a joint proposal for the Project to the Government of Malaysia. Pursuant to Bursa Malaysia Securities Berhad's letter dated 4 August 2006, we wish to announce the status of the MOU as follows:-
The Management continues to work with the relevant parties including government authorities pertaining to the proposed Iskandar Malaysia Commuter rail project.
Meanwhile, its Joint-Venture Partner, KUB had announced its intention to consummate the MOU signed in 2011 subject to its Investment Committee's review in due course.
Rail project most likely cancel by KUB.
onetonnemanr°Moi, yes, please share with us your thought. Thank you.
onetonnemanWith so many issues surrounding the company’s financial reporting, having a minor plunge (max: 10%) in its share price may be inevitable. However, it will not drop below 30 sen in the near term despite the weak first quarter performance. Having previously bought the share at 60 sen, I believe that it’s a “decent” bargain price (and the risks have been factored in). Thus, I do not believe that it’s going to tank much further. In addition, I believe that it’s just a temporary setback and the problems won’t linger very long. If anyone believes that the counter is worth no more than 30 sen, please share with us your quantitative analysis of the stock (based on its latest financial statements). We would be more than happy to listen to your comments (or advice).
davidkkw79Alamak, the romantic dream of masteel still not wake up ? Still dream of romantic rebound ?
GoodnewsNo hurry to wake up. Wait for market to stabilise perhaps CI reach 1750?
LOOKAHEADMRT line 2, from Putrajaya to Sg Buloh (52.2KM) plan to construct next year. TRADEWIND another 100 story building office block, hotel and retail at Jalan Sultan Ismail are confirmed. Hope MASTEEL can recover from KL mega project. MASTEEL please wake up.