Highlights
KLSE: MYCRON (5087)       MYCRON STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.26   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 85 Million
NOSH: 327 Million
Avg Volume (4 weeks):30,045
4 Weeks Range:0.25 - 0.29
4 Weeks Price Volatility (%):
89.66%
52 Weeks Range:0.14 - 0.505
52 Weeks Price Volatility (%):
51.49%
Average Price Target: 0.54
Price Target Upside/Downside: +0.28

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#4]  |  28-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  27-Nov-2020
T4Q P/E | EY: -8.05  |  -12.41%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.18  |  0.22
T4Q NP Margin | ROE: -1.77%  |  -2.74%

Headlines

Date Subject
19-May-2020 Technical Buy: MYCRON (5087)
22-Apr-2020 M+ Online Technical Focus - 22 April 2020
22-Apr-2020 Technical Buy: MYCRON (5087)
22-Apr-2020 Daily Market Update - 22 Apr 2020 (LCTITAN, MYCRON)

Business Background

Mycron Steel Bhd is a Malaysia-based firm involved in the manufacturing of accessories made from steel, steel tubes, and pipes. The company mainly involves in the manufacture of cold rolled coil related products used in automotive, electrical appliances, electronics, and construction industries. Its product portfolio includes cold-rolled electrical sheets, galvanized zinc sheets, tin plated sheets and electro-galvanized iron sheets. The majority of its revenues are generated from its cold-rolled coil business.
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  3 people like this.
 
tkl88 Gulf Of Mexico Drillers Shut In More Than 82% Of Oil Production
By Charles Kennedy - Aug 25, 2020, 9:00 AM CDT
26/08/2020 2:39 AM
tkl88 https://oilprice.com/Energy/Energy-General/Gulf-Of-Mexico-Drillers-Shut-In-More-Than-82-Of-Oil-Production.html
26/08/2020 2:39 AM
tkl88 Investment Funds Could Miss Out On Multi-Year Bull Run In Oil & Gas Stocks
By Tsvetana Paraskova - Aug 25, 2020, 1:00 PM CDT

https://www.google.com.my/amp/s/oilprice.com/Energy/Energy-General/Investment-Funds-Could-Miss-Out-On-Multi-Year-Bull-Run-In-Oil-Gas-Stocks.amp.html
26/08/2020 8:32 AM
tkl88 Dow Jones futures as at 9.23pm:
28,419.5 (+107.5) (+0.38 percent) !
27/08/2020 9:25 PM
tkl88 As at 10.18pm,
Dow Jones at =>
28,484.54 (+152.62) (+0.54 percent) !
27/08/2020 10:22 PM
tkl88 Dow Jones closed at=>
28,492.27 (+160.35) (+0.57 percent) !
28/08/2020 8:32 AM
tkl88 Wow, Amazing !
Oil price continue to spike up !
Brent=> $45.87 ‪(+0.27) (+0.59 percent) !‬
29/08/2020 7:52 AM
tkl88 Dow Jones closed at=> 28,653.87 (+161.60) (+0.57 percent) !
29/08/2020 10:07 AM
Zuliana Wow
Wow, cannnttteeekkk!
Oil price continue to spike up !
Brent=> $45.87 ‪(+0.27) (+0.59 %)
Mycron
29/08/2020 11:21 AM
Rodrod What’s is mycron to do with oil? Mycron is in steel business
29/08/2020 11:41 AM
Zuliana Super good
Look at the chart...
Good Mycron
29/08/2020 12:31 PM
Zuliana Dow Jones closed at=>
28,492.27 (+160.35) (+0.57 %)
Mycron can go up
29/08/2020 3:08 PM
Rodrod Have been staging there for sometimes already
29/08/2020 5:04 PM
Rodrod Bad quarter results
29/08/2020 5:07 PM
tkl88 As at 6.45pm,
Nymex at => $43.11 (+0.50) (+1.17 %) !
Brent at => $45.86 (+0.58) (+1.28 %) !
01/09/2020 6:57 PM
tkl88 Wow, Amazing !‬
‪Dow Jones closed at=>‬
28,645.66 (+215.61) (+0.76 %) !
02/09/2020 8:07 AM
tkl88 Dow Jones continue it's bull run !
As at 4.57pm,
28,824.5 (+202.5) (+0.71 %) !
02/09/2020 5:12 PM
tkl88 Wow, Fantastic !
As at 12.45am,
Dow Jones at=>28,898.26 (+252.60) (+0.88 percent) !
03/09/2020 1:02 AM
tkl88 Wow, Amazing !
Oil price already turn green and spike up like mad !

As at 4.15pm,
Nymex at => $37.52 (+0.76) (+2.07 %) !
Brent at => $46.17 (+0.62) (+1.56 %) !
09/09/2020 4:24 PM
tkl88 Walaoeh, What happend ?
Damn hot man Mycron today !
Now Mycron already traded at=> 0.28 (+0.01) (+3.7 %) !
Today Mycron probably will be closed at=> 0.50 (+0.23) (+85.2 %) !

Huat ah ! Heng ah ! Ong ah !
14/09/2020 9:22 AM
tkl88 Iron & Steel counters Featured in the weekly equity research report this week!

Malaysia VS China Steel Bar Prices

https://drive.google.com/file/d/1f4CeZbWxY44xZhRsBKbvB_VZdcGbkZoz/view

Huat ah ! Heng ah ! Ong ah !
14/09/2020 10:21 AM
tkl88 Wow, Amazing !
Now Mycron already
traded at=> 0.29 (+0.02) (+7.4 %) !
Like that Mycron definitely
can closed at=> 0.50 (+0.23) (+85.2 %) liao lah !
14/09/2020 12:25 PM
tkl88 Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !
18/09/2020 7:32 AM
tkl88 NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.
18/09/2020 7:32 AM
tkl88 Walaoeh, oil price spike up like mad !
Today Steel counters will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !
18/09/2020 7:59 AM
tkl88 Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
It’s good for our economy, like that next week KLSE will be spike up like mad already !
27/09/2020 11:44 AM
tkl88 Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !
28/09/2020 11:59 PM
tkl88 Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.
05/10/2020 12:11 PM
tkl88 Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards Iron & Steel theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !
05/10/2020 12:12 PM
tkl88 ‪Walaoeh ! ‬
‪Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68%) !
06/10/2020 8:10 AM
tkl88 Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77 percent) !‬
Brent=> $42.68 ‪(+1.39) (+3.37 percent) !‬
06/10/2020 10:38 PM
tkl88 Wow, oil price continue it’s bullrun !
As at 2.12am,
Nymex=> $41.23 ‪(+1.28) (+3.20%)‬ !
‪Brent=>‬ $43.32 ‪(+1.33) (+3.17%)‬ !
09/10/2020 2:30 AM
tkl88 Oh My goodness !
Mahsing closed at RM1.24 (0.295) (+31.2 %) !
Tommorrow Mahsing probably will continue
spike up and opened at=> RM1.40 (+0.16) (+12.9 %) and closed at RM1.60 (+0.36) (+29 %) !
Keep it up Mahsing !

Huat ah ! Heng ah ! Ong ah !
19/10/2020 5:50 PM
tkl88 Oh My goodness !
LSTEEL closed at 0.34 (0.065) (+23.6 %) !
Tommorrow LSTEEL probably will continue
spike up and opened at=> RM0.40 (+0.06) (+17.6 %) and closed at 0.50 (+0.16) (+47.1 %)
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
19/10/2020 6:00 PM
tkl88 Wow, Fantastic !
Now LSTEEL already traded at 0.385 (+0.045) (+13.2 %) !
Like that today LSTEEL definitely can closed at 0.60 (+0.26) (+76.5 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 9:22 AM
tkl88 Wow, Awsome !
Now LSTEEL already traded at 0.44 (+0.10) (+29.4 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 9:42 AM
tkl88 Wow, Amazing !
Damn hot man Mycron today ! What happend ?
Now Mycron already traded at 0.27 (+0.01) (+3.9 %) !
Today Mycron probably will be closed at 0.55 (+0.29) (+111.5 %) !
Keep it up Mycron !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 4:23 PM
tkl88 Explosion in steel factory, 6 injured
Predeep Nambiar -October 20, 2020 8:21 PM
https://www.freemalaysiatoday.com/category/nation/2020/10/20/steel-factory-in-perai-explodes-6-injured/

GEORGE TOWN: A section of a steel factory at the Perai Industrial Park exploded this evening, hurting six workers and sending plumes of smoke that were visible from Penang island.

In the 4.28pm incident at the Ann Joo Steel Factory, a team of 15 firemen from the nearby Perai fire station put the flames out in 15 minutes.

Perai fire department operations chief Azrul Khairi Abu Bakar said the incident took place at the smelting section in a 3-storey building, where a 1,000 degrees Celsius furnace was located.

He said 30% of the section was damaged.

“We are now cooling down smelted steel. A forensic team would investigate the cause of the incident tomorrow after the metals cool down sufficiently,” he said when contacted.

Azrul said the six workers, all in their 40s, who sustained minor injuries were sent to the hospital for treatment.
21/10/2020 9:53 AM
tkl88 Annjoo steel factory explode, steel product may be shortage !
21/10/2020 9:57 AM
tkl88 Wow, Amazing !
Damn hot man LSTEEL today ! What happend ?
Now LSTEEL already traded at 0.41 (+0.015) (+3.8 %) !
Today LSTEEL probably will be closed at 0.65 (+0.255) (+65 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
27/10/2020 9:11 AM
tkl88 Wow, Fantastic !
Now LSTEEL already traded at 0.42 (+0.025) (+6.3 %) !
Like that today LSTEEL definitely can closed at 0.65 (+0.255) (+65 %) already liao lah!
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
27/10/2020 9:13 AM
tkl88 Wow, Awsome !
Now LSTEEL already traded at 0.43 (+0.035) (+8.9 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
27/10/2020 9:17 AM
tkl88 Wow, fabolous !
Now LSTEEL already traded at 0.435 (+0.04) (+10.1 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
27/10/2020 9:26 AM
tkl88 Wow, marvellous !
Now LSTEEL already traded at 0.44 (+0.045) (+11.4 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
27/10/2020 9:28 AM
tkl88 Wow, magnificent !
Now LSTEE already traded at 0.445 (+0.05) (+12.7 %) !
Keep it up LSTEE !

Huat ah ! Heng ah ! Ong ah !
27/10/2020 9:29 AM
tkl88 Wow, Amazing !
Damn hot man LSTEEL today ! What happend ?
Now LSTEEL already traded at 0.445 (+0.01) (+2.3 %) !
Today LSTEEL probably will be closed at 0.70 (+0.265) (+88.3 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
28/10/2020 9:21 AM
tkl88 Wow, Fantastic !
Now LSTEEL already traded at 0.45 (+0.015) (+3.5 %) !
Like that today LSTEEL definitely can closed at 0.70 (+0.265) (+88.3 %) already liao lah !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
28/10/2020 9:25 AM
tkl88 Wow, Awsome !
Now LSTEEL already traded at 0.455 (+0.02) (+4.6 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
28/10/2020 9:28 AM
tkl88 Wow, fabolous !
Now LSTEEL already traded at 0.46 (+0.025) (+5.8 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
28/10/2020 10:06 AM
tkl88 LSTEEL already spike up from 0.255 to 0.44 (+0.185)
(+72.5%) !
Next steel counter to spike up will be Mycron !

Huat ah ! Heng ah ! Ong ah !
29/10/2020 6:01 PM


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