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25 comment(s). Last comment by milosh at Jun 14, 2021 7:08 PM
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OTB
8062 posts

Posted by OTB > Jun 13, 2021 10:46 AM | Report Abuse

I add the below information to support you.

I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.

The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.

I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially European nations and the US will start to spend money on infrastructure, it will boost up the usages and the selling prices of steel products.

US President Biden's infrastructure plan will cost USD 2.2 trillion. I believe the steel products worldwide will be in a bullish uptrend for the next two to three years. Hence I have very high hopes for steel stocks listed in KLSE since China is no longer dumping steel products below cost in the world markets.

Thank you.


milosh
336 posts

Posted by milosh > Jun 13, 2021 11:11 AM | Report Abuse

Thanks for the additional info, much appreciated.


milosh
336 posts

Posted by milosh > Jun 13, 2021 11:44 AM | Report Abuse

btw. in this case PEG ratio can be even more interesting/informative, if we are expecting EPS will continue to grow... but the level of future growth is very speculative


shortinvestor77
4848 posts

Posted by shortinvestor77 > Jun 13, 2021 1:33 PM | Report Abuse

When China makes U-turn in dumping steel products to the world, investors will start to regret that leopard will never change its skin.


milosh
336 posts

Posted by milosh > Jun 13, 2021 3:08 PM | Report Abuse

short: if that happens, but even if yes, impact is questionable as recovery and orders backlog will still play a significant role


BILLC
1219 posts

Posted by BILLC > Jun 13, 2021 3:29 PM | Report Abuse

Why this times masteel not in the recommended list ??


milosh
336 posts

Posted by milosh > Jun 13, 2021 3:38 PM | Report Abuse

billc: masteel EPS is low & growth very slow too compared to others in the sector:
EPS: 0.85 + 1.83 + 1.87 = 4.55 sen, if next QR EPS will increase to 3 sen, trailing EPS will be 7.55 sen X 8 (target P/E) = target price RM 0.6 ... I think its obvious.


milosh
336 posts

Posted by milosh > Jun 13, 2021 3:53 PM | Report Abuse

billc: explanation of EPS and P/E Ratio: https://miloshtrading.blogspot.com/2021/06/understanding-basics-profit-margin-eps.html


qqq3333
1283 posts

Posted by qqq3333 > Jun 13, 2021 3:59 PM | Report Abuse

u can buy steel stocks as long as u are aware these are cyclical stocks.


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:01 PM | Report Abuse

but nothing else to buy meh? u know when steel prices will come down meh? what is the demand curve in Malaysia


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:02 PM | Report Abuse

cost driven not demand driven.... how much can these companies benefit?


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:03 PM | Report Abuse

counter cyclical investors will sell to u..... hahaha


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:05 PM | Report Abuse

why can't people just buy companies that are growing and in good industries? why buy so many steel counters?


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:08 PM | Report Abuse

so u consider steel as low risk high reward shares meh?


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:09 PM | Report Abuse

maybe u get the risk part wrong.... haha


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:12 PM | Report Abuse

other people money very easy... own money not so easy


milosh
336 posts

Posted by milosh > Jun 13, 2021 4:14 PM | Report Abuse

qqq: I just presented my opinion on fair valuations based on earnings, if you are interested in other stocks/sectors I wrote about many actually: http://miloshtrading.blogspot.com


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:32 PM | Report Abuse

Milo's I not criticising u.... I just write about the situation


qqq33333333
3053 posts

Posted by qqq33333333 > Jun 13, 2021 4:34 PM | Report Abuse

for a long time people also look at Serba as low PE low risk high reward shares.... but turn out to be a mistake


milosh
336 posts

Posted by milosh > Jun 13, 2021 4:36 PM | Report Abuse

qqq: I always welcome any opinion


OTB
8062 posts

Posted by OTB > Jun 14, 2021 8:45 AM | Report Abuse

Posted by Sslee > Jun 13, 2021 6:26 PM | Report Abuse

U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will provide a transparent infrastructure partnership to help narrow the $40 trillion needed by developing nations by 2035, the White House said.

So all building material price will increase so are many commodities price due to every country printing more money.


Tiger66
1802 posts

Posted by Tiger66 > Jun 14, 2021 9:06 AM | Report Abuse

Next QR will be very bad due to MCO , better sell


milosh
336 posts

Posted by milosh > Jun 14, 2021 9:15 AM | Report Abuse

tiger: don't think so


milosh
336 posts

Posted by milosh > Jun 14, 2021 10:26 AM | Report Abuse

note LBALUM is doing well too


milosh
336 posts

Posted by milosh > Jun 14, 2021 7:08 PM | Report Abuse

the best yet to come

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