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82 comment(s). Last comment by chl1989 at Dec 20, 2016 6:09 PM
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shareshareknowledge
36 posts

Posted by shareshareknowledge > Oct 19, 2016 12:09 PM | Report Abuse

no doubts, company share price will be reflected by the company management. all business will be subject to up and down but a good management will do their best to protect the company interest which will flow to shareholders finally;

one good indicator for a company, is the amount of dividend paid to shareholders. this reflect the company commitment to all shareholders.


csc steel dividend record;
2006 - 5 sen less 28% tax
2007 - 10 sen less 27% tax
2008 - 18.5 sen less 27% tax
2009 - 2 sen less 27% tax
2010 - 20 sen less 26% tax
2011 - 13 sen
2012 - 7 sen
2013 - 7 sen
2014 - 7 sen
2015 - 3 sen
2016 - 8 sen

csc should be treated as a blue chip as
1) market leader in cold roll coil in malaysia
2) never fail to pay dividend even during bad/difficult times
3) the management remunarations are extremely reasonable. pls check yourself. even some lousy losing money ACE companies COO salary is higher.

there is only ONE risk investing in CSC.
(UNFAVOURABLE LOCAL BUSINESS CONDITION LIKE THE PAST WITH MASSIVE DUMPING FROM CHINA)
WITH THE ANTI DUMPING EFFECTIVE FOR 5 YEARS DOWN THE ROAD FROM 2016, THE ROAD IN FRONT IS CLEAR OF UNNNECESARY HURDLES


andry_ong
1457 posts

Posted by andry_ong > Oct 19, 2016 1:37 PM | Report Abuse

CSCstel dividend policy is 50%


Ricky Yeo
1516 posts

Posted by Ricky Yeo > Oct 19, 2016 3:08 PM | Report Abuse

The idea of assigning a PE multiple is because you think the market will agree with your view and push the share price to that multiple right?

If market disagree with you what's the point of this whole exercise.

I don't make the market, no one wants or can predict long term but that is how a market is. Market says it is extremely hard to make money following the 95%, yet no one wants to be a contrarian.


WealthWizard
337 posts

Posted by WealthWizard > Oct 19, 2016 3:17 PM | Report Abuse

By looking at the article & all comments, am I too conservative?

CSCSteel = PE7
Mycron = PE5

http://klse.i3investor.com/files/my/blog/img/bl2751_table_2_1.jpg
http://klse.i3investor.com/blogs/wealth123/103812.jsp


KLCI King
3000 posts

Posted by KLCI King > Oct 19, 2016 3:22 PM | Report Abuse

Under estimate with over deliver FAR SUPERIOR than over promise with under delivery.

I like your conservative ways of projecting things, realistic targets.


Star8888
204 posts

Posted by Star8888 > Oct 19, 2016 3:28 PM | Report Abuse

Chelsea, good analysis. Target price for CSCSTEL >4, I will collect more.


Benjamin_8888
403 posts

Posted by Benjamin_8888 > Oct 19, 2016 3:38 PM | Report Abuse

Walao eh > 4


Chelsea
204 posts

Posted by Chelsea > Oct 19, 2016 5:38 PM | Report Abuse

For your information the price update from http://www.sunsirs.com/uk/prodetail-318.html is always late one or two day.
To get the fastest update, please get the value from the graph http://www.sunsirs.com/uk/prodetail-318.html
Latest hrc is 2820 and crc is 3670 (approximate value from the graph)
Spread increase to 850


probability
10599 posts

Posted by probability > Oct 19, 2016 6:26 PM | Report Abuse

850? Holy Cow.....


probability
10599 posts

Posted by probability > Oct 19, 2016 6:27 PM | Report Abuse

wondering what does a 'contrarian' actually do in the stock market?


probability
10599 posts

Posted by probability > Oct 19, 2016 6:54 PM | Report Abuse

does contrarian wait for margins to be negative again?

http://www.bloomberg.com/news/articles/2016-10-19/chinese-steel-mills-defy-calls-for-cuts-as-production-expands


probability
10599 posts

Posted by probability > Oct 19, 2016 7:45 PM | Report Abuse

does contrarian believe all the margins will eventually revert to mean..4%?

Say now the margin is only 2%....we estimate based on long term returns of 4%... and found it to be dirt cheap - say its selling one third of its Intrinsic Value...does that ensure we will get a good return in the future? Is that contrarian thinking?

Is it not possible for the company to turn out to be like Megasteel & close-shop?

Megasteel was build 20 years ago....didnt the businessman have ability to forecast its long term competitiveness? If he cant....how can investors like us do?

How do we know we are contrarian to the majority?


Ricky Yeo
1516 posts

Posted by Ricky Yeo > Oct 19, 2016 8:36 PM | Report Abuse

You dont become one by doing the opposite of the majority; you become one when you know how little you know


probability
10599 posts

Posted by probability > Oct 19, 2016 8:45 PM | Report Abuse

ok..then its all back to the business knowledge...


ykloh
289 posts

Posted by ykloh > Oct 19, 2016 9:09 PM | Report Abuse

king of the contrarians : ttb.


moneySIFU
5473 posts

Posted by moneySIFU > Oct 19, 2016 11:16 PM | Report Abuse

ykloh, ttb will be right one day, only not sure WHEN, may be 1,2 or in next 10 years. Then he will shout loud loud: SEE, I TOLD YOU GUYS, MARKET CRASH

ykloh king of the contrarians : ttb.
19/10/2016 21:09


Ricky Yeo
1516 posts

Posted by Ricky Yeo > Oct 20, 2016 6:33 AM | Report Abuse

lets not apply 'contrarian' on anyone. Ego aside, TTB managed a fund, something you should respect him for.

The message im trying to deliver is - look for contradictory information. You don't need to encourage a teen to have more sxx do you


optimus9199
2793 posts

Posted by optimus9199 > Oct 20, 2016 6:54 AM | Report Abuse

Who / what is TTB? Related to Icap?


moneySIFU
5473 posts

Posted by moneySIFU > Oct 20, 2016 7:29 AM | Report Abuse

I respected him before 2000, lost total confidence after 2000, that's fact.

Yes, optimus.


optimus9199
2793 posts

Posted by optimus9199 > Oct 20, 2016 7:37 AM | Report Abuse

Tan teng boo? whats so special abt him?


CharlesT
8083 posts

Posted by CharlesT > Oct 20, 2016 8:03 AM | Report Abuse

Can u make rm6m+ every year by helping people to invest their money in fd?


optimus9199
2793 posts

Posted by optimus9199 > Oct 20, 2016 8:17 AM | Report Abuse

Ooi teik bee ROI > 40% IN 2016


Chelsea
204 posts

Posted by Chelsea > Oct 20, 2016 5:19 PM | Report Abuse

Lastest update (Rough estimation from graph)
CRC 3710 rmb (RM2300 based on conversion 0.620)
HRC 2830 rmb (RM1755 based on conversion 0.620)
Spread 880 (Break record)
RM2300 (Break record)

Thumbs up for Cscsteel and Mycron


probability
10599 posts

Posted by probability > Oct 20, 2016 6:10 PM | Report Abuse

Not only the Spread helps....
if they report on re-valuation gain on their Inventories..due to the rising HRC / CRC / Steel rice generally....it will be phenomenal!


probability
10599 posts

Posted by probability > Oct 20, 2016 6:15 PM | Report Abuse

but...all these information are very easily available to the majority....we have to be 'contrarian' and find information that is not easily accessible to everyone & only then buy if its a positive information.

So...dont buy...how on earth did you get a sky high PE of 10?


lextcs
1737 posts

Posted by lextcs > Nov 4, 2016 9:28 AM | Report Abuse

coming 1/4 wont beat previous 1/4 buy y2y still a mark of improvement...mark my words 4/11/16


Chelsea
204 posts

Posted by Chelsea > Nov 4, 2016 9:51 AM | Report Abuse

But lextcs, but previous quarter only 2.77 why u say cant beat?


lextcs
1737 posts

Posted by lextcs > Nov 7, 2016 9:55 AM | Report Abuse

Chelsea....y2y basis it'll be good...this q results will be slightly lower compare to previous...that what I can say. Just wait for the results and see...it'll be good to start buying into it again after this q results...


8wpwtmt8
2949 posts

Posted by 8wpwtmt8 > Nov 7, 2016 8:41 PM | Report Abuse

Is EPS(F) of 8.4 sen for this coming 3rd quarter worse than the previous 2nd quarter of 7.95 sen?


lextcs
1737 posts

Posted by lextcs > Nov 17, 2016 8:45 AM | Report Abuse

so the results is out...it didn't beat last quarter right?...where do we go from here? For those who are holding I say sell and wait for cheaper entry.


chl1989
1912 posts

Posted by chl1989 > Dec 20, 2016 6:07 PM | Report Abuse

lextcs, plz share more with us. q4 results, can beat 7c eps? :)


chl1989
1912 posts

Posted by chl1989 > Dec 20, 2016 6:09 PM | Report Abuse

my email is henli.chin@gmail.com. really appreciate your kind favour if you can give some hints. tq in advance. :)

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