There is a recent report by the main media , The Star , 22 May 2021 , (Saturday ) -- page 2 of the Starbizweek
with the relevant caption
" Steel steals the limelight . Prices will continue to be supported by global economic recovery. "
In the long term though , steel prices should be sustainably higher versus the past few years and be sustainable through to 2022 and 2023 , as China aims for carbon emissions peak by 2025 - opined by
Ng Jun Sheng ,
Head of Retail Research ,
Hong Leong Investment Bank.
EXTRACT FOR YOUR EASY REFERENCE
The recent steep fall in the stock prices of steel- related companies on Bursa Malaysia is likely to be a short - term correction.
example
The steel stocks , CSC Steel Holdings Bhd., Hiap Teck Venture Bhd., Ann Joo Resources Bhd., Lion Industries Corp Bhd., Mycron Steel Bhd., U - Li Corp. Bhd., Malaysia Steel Works (KL ) Bhd., / Masteel ; had seen the downwards correction .
The aluminium stocks - Press Metal Aluminium Holdings Bhd., L B Aluminium Bhd., PA Resources Bhd., and Alcom Group Bhd.,
have seen steep drops after the first week of May 2021 ,
falling 11 % to 33 % within a two - week period as of 20 May 2021.
Rakuten Trade , Vincent Lau , Head of Equity, Sales also mentioned the recent steel and aluminium - related stocks price drop
as a near - term correction with the commodities price boom has not ended, investors can buy on dip, this is buying opportunity,
cherry pick companies with strong earnings , says Vincent Lau.
TA Securities Research analyst , Chan Mun Chun agrees , pointing out the steel prices have not weakened and are still at the RM2,800.00 per tonne level in Malaysia.
The commodities price boom has not ended.
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FOR 24 MAY 2021 onwards
You will not want to miss out and on the opportunities of buying on the dip on those mentioned
steel , aluminium counters , namely
Steel companies : CSC Steel Holdings Bhd., Hiap Teck Venture Bhd., Ann Joo Resources Bhd., Lion Industries Corp Bhd., Mycron Steel Bhd., U - Li Corp. Bhd., Malaysia Steel Works (KL ) Bhd., / Masteel ;
Aluminium -related companies ,
example Press Metal Aluminium Holdings Bhd., L B Aluminium Bhd., PA Resources Bhd., and Alcom Group Bhd.,
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The above picture shows the aluminium alloy used in manufacturing heavy duty escalators
and its accessories , in providing safe ,reliable services in the harsh , heavy usage, transportation systems, built by
EITA /5208
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SEE_ Research with the target price
RM 1.10 to
RM1.20
short term .
It is good to collect when it is on ground floor, RM 0.665
closed 5.00 pm , 20May 2021 , as practically most of you do not believe;
just like the escalator at the bottom ,
Can it moves to the top ?
Like a steady escalator sooner or later ,it will move progressively to the top.
( before the release of the coming financial quarter report )
Just remember to record down this report before the
big move on the prices ,
that will be surging even before we notice.
The remarks by the real KLSE investors will be in this manner :
"Many are shown in the positive direction but nobody notices,
strangely,
it may seem so. "
Please clip on the below link to understand better how the escalator moves up --NORTH
https://www.shutterstock.com/video/clip-1064130250-closep-people-holding-shopping-bag-standing-on
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REASONS
KSSC / 5192 WILL MOVE UP NORTH ON THE 2 THEMES , MORE IMPORTANTLY IS
THE PRIVATE PLACEMENT EXERCISES ARE ALREADY WELL DONE ,
ANNOUNCED IN 15 DECEMBER 2020
The current theme in KLSE market, is steel , aluminium ,
that is the thematic play for April , May 2021,
AND THE IMPORTANT CATALYST IS THE
PRIVATE PLACEMENT EXERCISES DONE IN
AND ANNOUNCED ON 15 DECEMBER 2020 ,
ON THE NUMBER OF SHARES ISSUED
7,950 LOTS ( 1 LOT = 1,000 SHARES )
TOTAL AMOUNT RAISED IN THIS PRIVATE PLACEMENT =
RM 4,611,000.00
FOR KSSC EXPANSION DRIVE.
REMARKS
FOR THE INVITEE , TO TAKE OUT THIS BIG SUM -- RM 4,611,000.00 AND RECEIVE JUST INSIGNIFICANT RETURNS , ARE NOT ENVISAGED BY THE BUYERS.
THE FINANCIAL RETURNS WILL ONLY BE ATTRACTIVE ,
WHEN IT IS AT LEAST TWICE THE RETURN .
SO IN SHORT ,
THE SHORT TERM TARGET PRICE
RM1.10 TO RM1.20 IS ENVISAGED TO ACHIEVE .
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PLEASE READ CAREFULLY ON ANCOM PRIVATE EXERCISE
Ancom /4758
=======================================
The private placements of 12,100 lots were well done at RM 710.00 per
1 lot
( 1 lot =1,000 shares) /well executed on 3 July 2020,
Now, 5 May 2021
Ancom =RM 1.64
Remarks
More than double the price of RM 0.71 when the private placements WERE done.
MOST OF THE RUBBER GLOVES FACTORIES, LOCATED IN MALAYSIA
KSSC /5192
Target Prices
Short term --- RM 1.10 to RM 1.20
Mid term--- RM 1.50
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Thanks for reading and see you in the next post.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION , WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.
DISCLAIMER : Investment involves risks, including possible loss of investment and other losses.
This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice are required, the services of a licensed professional person should be sought.
ISSUED BY SEE RESEARCH
(SENSING EAGLE EYES RESEARCH )
Sslee
China had been flooding world market with cheap steel and etc. By instead of appreciation from the world (for keeping price low) US and EU are blaming China. So China say enough is enough no more cheap good from China let the world suffer hyperinflation.
2021-05-23 17:49