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KLSE: MYCRON       MYCRON STEEL BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.31 0.54     +0.23 (74.19%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
No Price Target available for this stock.





  3 people like this.
 
IANFUJI Flushing out process... Then, they collect back with lower price... Today should collecting peocess start..
04/12/2017 9:57 AM
angsp what happen?
05/12/2017 9:46 AM
mf Sell
05/12/2017 9:50 AM
todays hike in natural gas 22.9% will impact the cost of manufacturing in iron and steel industry. But it looks like oversold position now
05/12/2017 10:10 AM
godhand pe so low lol
05/12/2017 11:24 AM
todays strong buying Q, set to rebound?
05/12/2017 11:59 AM
IANFUJI Strong support at 0.52..0.515..0.51..
The price will around this range before rebound.
05/12/2017 6:01 PM
paktua73 old man hard buy from yesterday until now
from 0.51 to 0.53
now old man manage back avvrge down
back to lower level at 0.5263
old man still strong here
tut tut
06/12/2017 10:50 AM
PotentialGhost LOL PE only 4.86 。
06/12/2017 8:16 PM
PotentialGhost Even 2008 also never see 4.86 PE
06/12/2017 8:17 PM
Lukesharewalker Well, I think they need to drive it up for the RI...good entry now
08/12/2017 10:30 AM
MHH019 SO HOW IT GOES ? BASED ON TA THIS ONE SHOULD BE BUY
15/12/2017 10:00 AM
mamatede hopefully next quarter is not losing money, else these Pe suddenly become double digit.. negative double digit
18/12/2017 5:28 PM
chia88 year low - buying time buddy
27/12/2017 3:12 PM
mamatede new year new tariff new cost new quarter new pe..everything new
27/12/2017 3:20 PM
Goldchia MH Right issue coming
29/12/2017 5:38 PM
InvestKLSE88 Cheer up guys. MYCRON going up. I have topped-up my investment.
06/01/2018 5:43 PM
paktua73 he he old man earn profit back on paperlaa
tut tut will ride up
tut tut
07/01/2018 3:26 PM
JCWIN PE 5 only...but no vol..lolx
16/01/2018 9:16 PM
Lukesharewalker Operator gives opportunity to buy again....
17/01/2018 12:25 PM
mf Sure holland and hawai
19/01/2018 11:58 PM
lavenderong Hope to see past glory in this stock. At the bottom now.
25/01/2018 2:48 PM
Lukesharewalker Testing triple bottom now? Lol
30/01/2018 1:31 PM
Lukesharewalker What happened to the RI?
04/02/2018 1:59 PM
Dartmaster Don't just depend purely on technicals for this counter. Check on the product that this company is making. If I'm not wrong they DO NOT produce steel billet which is the only lucrative product that is selling like hot cakes in the market. That is why masteel and lion are doing well and this company isn't. Their management suck as well, cash rich but no dividend no expansion no nothing ...
04/02/2018 3:07 PM
Lukesharewalker still need to drive price upwards for RI
05/02/2018 10:21 PM
Lukesharewalker Now you know why its sold down..
28/02/2018 5:34 PM
Lukesharewalker annualised @ pe5 is 36 cents
01/03/2018 9:56 AM
IANFUJI Keep dropping. Hope to stop drop and drive up slowly..
08/03/2018 8:06 AM
matmat Need to push this counter up..hope some miracle
23/03/2018 8:36 PM
Faiza up up
11/04/2018 10:45 AM
matmat Right issue with warran
17/04/2018 8:00 PM
ivanyong no news????
19/04/2018 9:34 AM
matmat proposed in egm tomorrow...but i hope someone will request for dividend..
19/04/2018 9:07 PM
VincentTang Sell In May And Go Away
http://klse.i3investor.com/blogs/Backtesting/85101.jsp
24/04/2018 10:54 AM
ivanyong this counter good guarded
01/05/2018 10:15 PM
Cockroach Paul Lee 8 yrs No dividends? Let’s protest! Shoutout loud at mycron gate lol
04/05/2018 6:15 PM
KLCI King Sayunana, gone case, those hope to recover back to RM1 better wake up
30/05/2018 7:33 PM
ramada MYCRON also, under expectation. Tomorrow gg...
30/05/2018 8:34 PM
IANFUJI 0.5 in the morning.. Gradually drop to 0.41..
10/07/2018 12:33 PM
PotentialGhost Good , stupid sell all in below 0.40
27/07/2018 9:11 AM
paktua73 paktua manage sold couple time at 0.525
so long stuck here

tut tut
just take back all money stuck
loss but can be accepted
27/07/2018 9:20 AM
highprofit 需求逐渐恢复 钢铁指数周涨7.42%

中国证券报-中证网 07月30日 00:20 关注
尽管周四出现小幅回落,但上周五个交易日中,中信钢铁板块累计出现四天上涨,累计涨幅达到7.42%,在行业中名列前茅,仅次于建筑板块。

国泰君安证券认为,5-6月地产数据整体超出市场预期,表现为销售回暖、新开工增速大幅回升,拿地面积止跌回升,投资维持高位,随着开发商加速推盘,回笼资金,判断未来几个月地产数据依然较为平稳。从基建上看,似乎已过了最差的时候,三季度存在反弹可能,财政支出可能在下半年加大力度,对冲经济下行压力,同时新农村建设对基建也存在支撑,钢铁三季度需求无忧。

申万宏原证券也认为,现在7月下旬,离金九银十旺季只剩一个月出头,同时因为需求向二三季度集中,淡季可能也会出现赶工情况,因此淡季不淡的情况并不意外,至少在旺季来临前,终端采购需求应该都会不错。

此外,环保限产抑制供给弹性。国泰君安证券分析,3月环保限产结束以后,全国高炉开工率持续反弹,直到近几周,受到环保加严影响,包括唐山限产、蓝天保卫战等,高炉开工率开始出现钝化,供给端恢复出现疲态,虽然数据上粗钢产量同比有比较大的增幅,但是考虑到去年的隐形地条钢,真实的粗钢产量与去年相比增幅有限,且由于废钢价格依然较高,电炉钢今年复产是低于预期的,在全行业没有新增产能,实际企业微观产能利用率达到满负荷状态下,供给端已然触顶。

展望后市,申万宏源证券判断,库存仍在低位,政策微调需求显积极信号,三季度有望出现供需错配,驱动钢价上涨,中报预喜下板块估值迎来持续修复良机。(叶涛)
30/07/2018 8:58 AM
pidan2014 Buying activities start just now ..................
30/07/2018 3:18 PM
highprofit Dow Jones U.S. Iron & Steel Index
DJUSST (INDEXDJX)
285.31Price decrease6.05 (2.08%)
2 Aug, 5:19 PM GMT-4 - Disclaimer
03/08/2018 8:45 AM
Jasper Coo Potential stock, worth to invest
03/08/2018 9:58 AM
Lim Tek Wai Bought it last week, hehe
03/08/2018 11:24 AM
commonsense The low profit level seen in 4Q18 and 1Q19 are expected to continue in the near future due to cheap steel import mainly from China that had flooded the market. With lower demand due to the slowdown of the construction and property industries, all local steel player will need to lower their price of products (at the expense of margins) in order to survive. The only way for this negative trend to turnaround and improve the company’s profit level is if MITI would step in and impose further safeguards measure. Till then, expect Mycron to continuously record lower profit in the near future. Assuming the trend continues, the company is expected to deliver a profit of around RM6mil in FY19. At the current share price, the company is valued at around 15.8x PE which might be a bit high given the doubts in the company’s ability to deliver growth in the future.

If you are looking to diversify your portfolio outside of Mycron (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company profit by around RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.
23/01/2019 2:35 PM
dompeilee Bought some Mycron @ 31c
10/04/2019 3:57 PM
镠公公 Rubbish counter. TP 17c
11/04/2019 3:30 PM


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