simon333About to burst ! It high jump for genuine ! 0.80 is target ! Because the project rewarded is crowded gain profit guarantee .
ks55Masteel Q2 loss -- 14.159m Masteel Q1 loss -- 10.709m Masteel H1 loss -- 24.869m
The Group reported a loss before tax of RM12.49 million on the revenue of RM242.20 million for the current quarter compared to a profit before tax of RM10.79 million on the revenue of RM359.99 million for the previous year corresponding quarter. The decrease in revenue and loss incurred in the current quarter were mainly attributed to lower selling price, sales volume and margin.
ks55When suspended in Jun, Public Invest gave buy call with TP 1.10.
One week later when Q1 result out in July, Public Invest gave hold call with TP 54 sen.
One and half month later when Q2 result out in late August, Public Invest gave hold call with TP 40 sen.
Three months later when Q3 result out Dec, Public Invest will give a sell call, with TP 20 sen.
You can choose not to agree with me, but this is the standard of Public Invest "Analyst". Q3 result will definitely worst than Q2, which in turn worse than Q1.
Always remember 100m stock obsoletes/net realizable need to be written off, and Q1, Q2 result did not reflect on this............AND WHY not mention at all in the so called "Analysts' Report" ???
Long steel bar is now selling at retail price RM 1600 per ton for walk-in clients in hardware shops. Ex-factory price is RM 1500 per ton. Cost of production more than RM 1800(?) per ton. Masteel Directors mentioned in AGM they cannot sell their products without making losses for next three year. Did the "analysts" attended the AGM? Or just writing report in air-cond room's arm-chair??
martin555ks55 really old bird in steel factory line , finalist too well , respect !