Highlights
KLSE : MASTEEL       MALAYSIA STEEL WORKS (KL)BHD
Last Price Today's Change   Day's Range   Trading Volume
0.62   0.00 (0.00%)  0.00 - 0.00  0

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):2,744,350
4 Weeks Range:0.575 - 0.84
52 Weeks Range:0.575 - 1.12
Average Price Target:1.12
Price Target Upside/Downside:+0.50
View Price Target Detail

Headlines

Latest Headlines
12/05/2015  Malaysian Steel Works - Temporary Suspension
06/05/2015  Daily Trading Idea - MASTEEL – MYR0.61 TAKE PROFIT (TECHNICAL)
29/04/2015  延發財報‧馬鋼廠重挫15仙
28/04/2015  PublicInvest Research Headlines - 28 Apr 2015
23/03/2015  大马钢厂总有出头天
19/03/2015  Trading Stocks - 19 March 2015 - GTRONIC | GHL | IHH | FARMBES | MASTEEL | Jaya Tiasa
12/03/2015  鐵道計劃如期進行‧大馬統一一度揚10.84%
11/03/2015  Masteel Warrants Gain Steam
02/03/2015  Malaysia Steel Works - Above Expectations
02/03/2015  Malaysai Steel Works - Dragged By Unrealised FX Loss
23/02/2015  PublicInvest Research Headlines - 23 Feb 2015
13/02/2015  Building Materials - “Steel” Tough
29/12/2014  Building Materials - Polishing Up for 2015
28/11/2014  Masteel - Hit By Deferred Tax
28/11/2014  Malaysia Steel Works - Strengthening Up for 4Q14
28/11/2014  Malaysia Steel Works - A Seasonally Slower 3Q

  3 people like this.
 
jasgrafix (吉隆坡12日讯)大马钢厂(MASTEEL,5098,主板工业产品股)申请延迟提交2014财年已审计财报和年报告,但遭马交所拒绝。
根据文告,大马钢厂原本申请将去年的已审计财报,延迟至6月30日呈交,也希望能延迟至7月31日,才呈交年报。
上月底,该公司的外部审计师Messrs Nexia表示,无法针对账目给予意见,而公司随后也委托委托UHY顾问公司作为特别审计师,但预时需6周完成,因此才申请延交财报和年报。
由于无法如期呈交财报,大马钢厂从今日起暂停交易,直到另行通知。
事实上,自公司宣布可能要延迟呈交财报,股价就大挫超过25%。暂停交易前的股价为62仙。
对应收账款意见分歧
大众投行研究表示,外部审计师和大马钢厂对账目“意见不合”的主要原因,源自于应收账款。
根据去年的未审计财报,应收账款从2亿3940万令吉,在短短一年内大幅提高9250万令吉,至3亿3190万令吉。
虽说这应收账款的增幅,可辩解称为营收同样以这涨幅增长,但是这种增幅并不寻常,存有账期过长的质疑。
再者,审计师可能认为逾期的营收账款,应该进行减值,而这看法或无法与管理层达到共识,才造成最终无法表达意见。
虽然账目问题存忧,但分析员仍相信,大马钢厂的基本面强稳,足以支撑股价反弹,给予“超越大市”和1.10令吉的目标价。
14/05/2015 00:15
ah_huat_liao Cumulative year ended 31dec2014 vs 31dec2013
Revenue (up $76.5million)
Net Profit (Down $849,000)
Receivables (jump a substantial RM92.5m from RM239.4m last year to RM331.9m)

The jump in receivables seemed way more that difference in revenue, which auditors are probably uncomfortable with... unless there are sufficient audit trail to show the discrepancies.

So there are likely asking for impairment or substantial write-offs...

Can anyone advise why only Masteel is doing well when almost all other steel companies are suffering losses.... is there something so secretive that auditors cannot be informed and be made comfortable with??!!

This should be good, why external auditors are made to feel uncomfortable about it... and why can't management and audit committee reconcile this in the 4 months period??!!

we keep hearing positive news on the counter... but why the counter's price keep dropping... please look at the market trend and not be overwhelm by the news around us...

There seems to be many reports asking clueless investors to pump in their money?? If there are so much interests, why counter keep dropping?? This is very strange and hope someone can shed some light before investors lose their life-savings again...
14/05/2015 13:57
kakijudi Where you saw the news that cfo resigned
15/05/2015 23:25
tanbb my money still inside..sign..:(
16/05/2015 11:13
kakijudi I don't know where this s2015 heard his news la. But I feel nothing wrong with the stock. Don't worry
16/05/2015 14:28
davidkkw79 your name is labelled as judi, it means gambling.... then you said it is nothing wrong with this romantic stock.... of course it is nothing wrong to gambling this speculative goreng stock mah..
20/05/2015 10:23
tjhldg heheheeheheheh
20/05/2015 23:33
bozchry kikikikiikik...selamat wa punya duit pun kena suspend la...
21/05/2015 16:18
Growth74 It will take a while..
22/05/2015 07:54
arep shit...for how long probably will it stay suspended? still got money inside. aargh
22/05/2015 11:30


 

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