Highlights
KLSE: CSCSTEL (5094)       CSC STEEL HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.00   0.00 (0.00%)  1.00 - 1.00  109,500
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Overview

Market Cap: 380 Million
NOSH: 380 Million
Avg Volume (4 weeks):139,100
4 Weeks Range:0.995 - 1.04
4 Weeks Price Volatility (%):
11.11%
52 Weeks Range:0.975 - 1.24
52 Weeks Price Volatility (%):
9.43%
Average Price Target: 1.09
Price Target Upside/Downside: +0.09
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  24-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  17-Aug-2019
T4Q P/E | EY: 23.89  |  4.19%
T4Q DY | Payout %: 3.89%  |  92.85%
T4Q NAPS | P/NAPS: 2.1283  |  0.47
T4Q NP Margin | ROE: 1.16%  |  1.97%

Headlines

Date Subject
27-Aug-2019 CSC Steel Holdings - A reprieve from lower input cost in 2QFY19
29-Apr-2019 [转贴] 操作篇 : CSCSTEEL之周期股投机 - 糊涂
27-Mar-2019 CSC Steel - A soft year for CRC
12-Mar-2019 中越产品征反倾销税‧钢铁股闻风起舞
27-Feb-2019 CSC Steel Holdings - FY18 net profit shrinks by more than half
29-Nov-2018 CSC Steel - 9MFY18 net profit plunges 47% YoY
07-Nov-2018 Mplus Market Pulse - 7 Nov 2018
01-Oct-2018 Stocks on Radar - CSC Steel Holdings

Business Background

CSC Steel Holdings Bhd is an investment holding company which is engaged in the provision of management services to its subsidiaries. Its business segments include Cold rolled and coated steel products, Investment holding and Others. The company is engaged in manufacturing and marketing of steel products, production of bio-coal and investment holding in real property. Its products include hot rolled pickled and oiled steel, cold rolled steel, hot-dipped galvanized steel and pre-painted galvanized steel. The company's product brands include Realzinc, Realzinc Enhance, and Realcolor. Most of its revenue comes from Malaysia.
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  9 people like this.
 
commonsense The worrying issue for investors is not on the revenue side. The company has seen increasing revenue even in FY18 with 9m18 revenue grew at 7.4% vs 9m17. Investors are more worried on the reducing profit margin which fell to only 2.3% in 9m18 vs 4.7% in 9m17. The 3Q18 profit was worse at only RM3mil (margin of only 0.8%) vs 3Q17 of RM14mil which was mainly affected by the surge of cheaper import products into the market. It is expected that the trend to continue unless MITI imposed more safeguards measures. Till then investors of the company will need to be prepared for a lower profit results in the coming quarters. If the issue persists and continue till the end of FY19, PAT of the company would only be around RM12-15mil. At the current share price this would translate to a valuation of 26.5x PE.

The company however has a very strong balance sheet with zero debt which means that the company can face any market headwinds better when compared to its other competitors. At the current share price, it is only trading at a low of 0.5x PB.

If you are looking to diversify your portfolio outside of CSC Steel (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.

For 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. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x 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 11:10 AM
Bursa2019 nenek ... ini csc banyak bagus ka ??


gua mau angkat time mega sales


bikin ibu duit
23/01/2019 11:12 AM
4444 S Steel big loss. How abt Csc Steel?
18/02/2019 6:22 PM
Bursalord LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.
23/02/2019 11:12 AM
ramada First time loss-making within this 4 years.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5094
26/02/2019 5:16 PM
abang_misai good sign
26/02/2019 5:17 PM
cksam What happened to that Calvintaneng joker? Talk three talk four as if he knows everything. In the end it shows he knows nuts or zero !!! Even "GURU" Warren Buffet is in trouble.

https://www.moneycontrol.com/news/business/companies/buffetts-firm-reports-25-billion-4q-loss-on-paper-stock-losses-3575991.html
26/02/2019 5:30 PM
smartag Idiot Calvin, cscstel announced bad Q result!!!
26/02/2019 5:36 PM
calvintaneng Hi guys

This quarter they marked down Rm8 millions for depreciation. If not it should be positive

Now read carefully. Cash Position has gone up to Rm192 Millions

Other steel stocks got high debt (Only cscsteel in net cash)

Also a nice 4 sen dividend coming

Okok

I think this year you guys should sell cscsteel & switch quickly to Oil & Gas

Buy these while cheap

1)NAIM was 50 sen (Calvin Chun Chun call)

Now 90 sen & might shoot up the roof tomorrow due to fantastic result
So don't be itchy to chase high
Let Naim cool down first then slowly buy

2) AZRB (7078)
This one very good & still cheap. Buy some at 45 sen if can get

3) Pantech
Today weakened to 56 sen. Can buy & keep

4) Dialog
Can buy and keep longer term. Kwap selling is opportunity for buying

One more
Penergy
Buy Penergy on weakness

Happy investing
26/02/2019 6:29 PM
joetay7 Post removed. Why?
26/02/2019 7:06 PM
10bagger10 Calvin sifu, how about favco?
26/02/2019 7:10 PM
joetay7 Post removed. Why?
26/02/2019 7:12 PM
calvintaneng Posted by 10bagger10 > Feb 26, 2019 07:10 PM | Report Abuse

Calvin sifu, how about favco?

Long time no see

favco ok

Indirect beneficiary of O&G

Should do ok

I think the meat is in OGSE first

Then Land & Material support like Azrb & pantech

But all O&G related stocks should do well

Only those directly related to Petronas Homeground in Peninsula & Sabah/Sarawak

World player like armada or scomies or those over indebted might not make it

These are the Ok ones

carimin, dayang, naim, azrb, pantech & penergy
26/02/2019 7:18 PM
10bagger10 Tq so much sifu, really learn a lot from u!
26/02/2019 7:21 PM
simon Mr Calvin, how about annjoo steel ? sell & go into OGSE stock?
26/02/2019 10:18 PM
4444 Bursa run by crooks true? First loss in 4 years why abv RM 1 or not 4 year lowest price?
27/02/2019 10:13 AM
calvintaneng Simon

You you want faster bull up then switching annjoo to penergy ok
27/02/2019 2:21 PM
simon TQVM, Mr Calvin
27/02/2019 3:02 PM
apple4ver https://www.theedgemarkets.com/article/govt-slaps-16-antidumping-duties-flatrolled-steel-products-china-vietnam
11/03/2019 9:54 AM
Casa No more dividen for this year ?
11/03/2019 3:59 PM
Goinvest88 4 cents
12/03/2019 10:31 PM
factorrumour why still got people buying steel stocks if the sector is really bad?
26/03/2019 4:02 PM
smartag Avoid cscstel, price will slowly down below RM1.00.
27/03/2019 5:37 PM
smartag Towards 0.80
27/03/2019 5:38 PM
factorrumour will it reach 0.50?
29/03/2019 6:18 PM
factorrumour MITI initiates anti-dumping probe into CRC imports from China, 3 other countries
https://www.theedgemarkets.com/article/miti-initiates-antidumping-probe-crc-imports-china-3-other-countries

KUALA LUMPUR (March 29): Cold rolled coils of iron or non-alloy steel (CRC) have become a contentious matter again, as the government announced today that it is initiating an anti-dumping investigation into imports of CRCs measuring more than 1300m in width from China, Japan, South Korea and Vietnam.
29/03/2019 8:16 PM
Cockroach Paul Lee What happen to EU n US tariffs, will affect CSC STEEL price?
10/04/2019 6:56 PM
sense maker Dividend cut to 4 sen
25/04/2019 9:05 PM
factorrumour it make sense when profit reduced, dividend will also reduce

what to do, bad year for csc steel

ultimate parent company from china also can't help much

oh wait, could csc steel benefit from ecrl and bandar malaysia?
25/04/2019 10:44 PM
factorrumour Hopefully the newly appointed managing director MR YIN, SHOU-KANG can turn things better for csc steel

"Over thirty-four (34) years experience in the steel manufacturing industries. He joined China Steel Corporation ("CSC") since 1984 and his last position prior to his appointment to the Board of CSC Steel Holdings Berhad was Assistant General Superintendent of Rolling Mill Department III-Cold Rolled Products."
04/05/2019 10:32 PM
lalalala8888 this could be a turning point

http://www.federalgazette.agc.gov.my/outputp/pua_20190508_PUA%20127.pdf
08/05/2019 2:04 PM
joetay7 Post removed. Why?
11/05/2019 9:04 PM
L2earn 看好中钢大马

“由于美国即将对所有进口钢材征收25%关税,因此,政府提高进口关税的措施,可说是相当合时,可减缓届时钢材在大马市场出现贸易转移效应,即业者转向价格相对较低的进口商。”


分析员指出,在更高的关税下,未来的钢材进口料减少,国内钢铁公司将从中受惠,获得更高的销量,平均售价也会相对的提高,扩大净利赚幅。马银行投行分析员看好中钢马来西亚(CSCSTEL,5094,主板工业股)。该分析员指出,鉴于中钢马来西亚的钢铁产品占2018年总销量收入的45%,政府提高关税的措施,将让公司的盈利更有保障,因此,上修2019至2021财政年每股盈利预测7%至20%,并将评级上调至“买进”,目标价为1.26令吉。

https://www.orientaldaily.com.my/news/business/2019/05/09/290023
12/05/2019 10:24 PM
KAQ4468 aiyoooooo volume tarak
25/06/2019 3:54 PM
Hong Jun Lee is a good stock that give constant dividend. will continue to up if break 1.2
16/07/2019 11:16 AM
I only want earn coffee money why so hard? CSC is one of the most disappointed steel counter in Malaysia
12/08/2019 6:04 PM
12/08/2019 6:04 PM
Stocker Stay tuned
22/08/2019 9:38 AM
Stocker Wave is coming uptrend
22/08/2019 9:39 AM
noah https://www.miti.gov.my/miti/resources/Notice_of_Extension_of_Time_Period_for_Making_Preliminary_Determination.pdf

Good news coming soon in 1 day.
22/08/2019 11:15 AM
Stocker The stock is moving
22/08/2019 4:33 PM
Stocker QR release soon
23/08/2019 9:17 AM
Stocker Excellent QoQ
26/08/2019 12:53 PM
EatCoconutCanWin buy tashin
26/08/2019 1:05 PM
Icon8888 Time to accumulate more..TP 2.20
26/08/2019 1:41 PM
Stocker Limit up soon
26/08/2019 1:48 PM
10bagger10 Y no limit up?
26/08/2019 6:02 PM
Harold Huong Other steel counter doing well too?
26/08/2019 6:08 PM
Armada An Quantum Leap Stock In 2019/2020 简单的 比较
Choobee 1.34 vs Cscstel 1.01
同时期的 业绩
明显 Cscstel 回春早,
上升空间 要比 choobee 好多了。
27/08/2019 1:02 AM
Armada An Quantum Leap Stock In 2019/2020 除非choobee跌出去 1.15
未来空间则 可与 csc较量。
27/08/2019 1:07 AM


 

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