Highlights
KLSE: MYCRON (5087)       MYCRON STEEL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.26   -0.01 (3.70%)  0.26 - 0.265  25,000
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Ann. Date Details of Changes View
From To Type No. of Shares Min Price Max Price Total Amount
19-Nov-2009 19-Nov-2009 19-Nov-2009 Buyback 100,000 0.520 0.520 52,000.00 View Detail
23-Jan-2009 23-Jan-2009 23-Jan-2009 Buyback 380,000 0.350 0.355 134,373.72 View Detail
23-Jan-2009 05-Dec-2008 05-Dec-2008 Buyback 44,300 0.360 0.360 16,064.48 View Detail
22-Jan-2009 22-Jan-2009 22-Jan-2009 Buyback 216,000 0.350 0.355 76,761.90 View Detail
21-Jan-2009 21-Jan-2009 21-Jan-2009 Buyback 300,000 0.350 0.350 105,000.00 View Detail
30-Nov-2009 19-Nov-2009 19-Nov-2009 Buyback 100,000 0.520 0.520 52,000.00 View Detail
04-Feb-2009 21-Jan-2009 23-Jan-2009 Buyback 896,000 0.350 0.355 316,135.62 View Detail
04-Feb-2009 05-Dec-2008 05-Dec-2008 Buyback 44,300 0.360 0.360 16,064.48 View Detail
03-May-2017 28-Apr-2017 28-Apr-2017 Resale 149,000 0.830 0.835 123,339.15 View Detail
03-May-2017 26-Apr-2017 26-Apr-2017 Resale 1,000 0.840 0.840 796.32 View Detail
03-Nov-2016 27-Oct-2016 27-Oct-2016 Resale 200,000 1.160 1.170 231,491.01 View Detail
31-Oct-2016 24-Oct-2016 24-Oct-2016 Resale 200,000 1.100 1.100 218,564.04 View Detail
04-Oct-2016 23-Sep-2016 23-Sep-2016 Resale 300,000 0.925 0.935 276,379.38 View Detail
23-Sep-2016 21-Sep-2016 21-Sep-2016 Resale 100,000 0.888 0.888 88,068.32 View Detail
21-Sep-2016 20-Sep-2016 20-Sep-2016 Resale 50,000 0.880 0.880 43,662.17 View Detail
18-May-2016 12-May-2016 12-May-2016 Resale 40,300 0.585 0.585 23,394.06 View Detail
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  3 people like this.
 
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
pidan2014 Buying activities start just now ..................
30/07/2018 3:18 PM
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
lalalala8888 turning point?

http://www.federalgazette.agc.gov.my/outputp/pua_20190508_PUA%20127.pdf
08/05/2019 2:18 PM
28/08/2019 6:04 PM
28/08/2019 6:05 PM


 

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