calvintaneng

Best of the best will be Masteel.

Masteel - the Master of Long Steel.

Long steel players are Annjoo, SSteel and Masteel.

All heavy infra project, towers, flyovers, tall tall structures and Mrt and Bullet Train structures need Long Steel bars.

2016-09-05 11:20

wealthwizard

Masteel is at the other segment of steel industry, the company has been doing very well in trying to keep the operations profitable in tough time.

2016-09-05 11:24

moneySIFU

Thank you for sharing such very well written article, a lot of factual reference, keep it up!

2016-09-05 11:36

moneySIFU

I like your pictures about megasteel & ssteel, very funny :)

2016-09-05 11:48

moneySIFU

This article is so timely

2016-09-05 15:04

moneySIFU

Very much look forward to read your next article, wealthwizard

2016-09-05 15:04

SuperMan 99

Good article, thank you.

2016-09-05 16:11

ronnietan

Good article. You write with understanding and knowledge of steel sector. Thank you.

2016-09-05 17:02

wealthwizard

Thank you, moneysifu, superman 99 & ronnietan

2016-09-05 18:01

chl1989

superb article. how to resist not buying after reading this masterpiece. tq very much for your kind sharing.

2016-09-06 00:41

MonkeyBusiness

Imposed duty on end products but welcome to import raw material from the same country, very interesting.

2016-09-06 01:16

wealthwizard

Yes, MonkeyBusiness, it is very interesting

2016-09-06 10:58

VenFx

Really Animated and In-depth article. But, easy to read .
BIG LIKE !

2016-09-06 14:36

wealthwizard

Thank you, VenFx

2016-09-06 16:03

IBanker

hi wealthwizard..i'm going to buy more aggresively tomorrow..still got part 3?

2016-09-06 17:31

Stockwatch

Thanks WealthWizard for your interesting information on the industry.While the upside looks good , at least until the end of the year, was wondering what is your take on the exchange rate ie.US$/RM for the imported raw material now that Megasteel has stopped production.The current exchange rate favours more negative biasness towards the ringgit irrespective whether the Fed Chairman decides to increase the interest rates.
Also because of the competition in the CRC industry ie.oligopoly..can a major buyer of the stock lock in at rate for a 3 year time frame ie. like a futures contract.This is because the government's infrastructure projects will start kicking in next year ie. MRT and LRT and also Eversendai has received new order books for steel fabrication jobs.
I think there is a element of nice roe profits will come about rather than extraordinary profits will be realised as these are the factors which the risk management or the capital efficiency side will meet their respective challenges.
Thanks once again for the good write up.

2016-09-10 10:28

WealthWizard

Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

2016-09-12 16:44

WealthWizard

Hi Stockwatch, I think Part 3 have replied certain questions highlighted by you and below are reply from moneySIFU about the effect of weakening RM against USD:

Posted by moneySIFU > Sep 12, 2016 09:08 PM | Report Abuse X
It's double edged sword, lenglui, but seem CSCSteel benefited most from weakening RM while Mycron has been actively hedged its currency exposure, no so much gain or loss last year.

See table 6
http://klse.i3investor.com/blogs/wealth123/103812.jsp

2016-09-12 22:36

moneySIFU

Extracted from the above: the selling price of the domestic CRC, which ranged from RM2068 to RM2,292 in 2015, are expected to be maintained or even possibly increased in coming months.

According to the source closed to the CRC industry, selling price of local CRC is moving upward to RM2,150 - RM2,200 in recent months.
http://klse.i3investor.com/blogs/wealth123/104163.jsp

2016-09-13 18:50

moneySIFU

WealthWizard, the cost saving in raw material (HRC) at RM400-RM500 is confirmed, please refer to the following news:

According to Choo Bee CEO Mark Tan, Megasteel will normally charge RM400 to RM500 premium per tonne for HRC over international prices.
http://www.klsescreener.com/v2/news/view/81555

Thanks to Yoloooo for sharing above news.

2016-09-13 23:37

WealthWizard

My new article:

EKOVEST: Doing Great & Ready To Shine, Are You Ready? (Part 1)
http://klse.i3investor.com/blogs/wealth123/104926.jsp

2016-09-23 11:37

WealthWizard

China CRC price was RMB3,480 when my first article was published on 5/9/2016, now it is recorded as RMB3,597, an increase of 3.4%.

Bright Future for CRC Steel Producers: CSCSteel, Mycron, Eonmetal & YKGI (Part 1)
Author: WealthWizard | Publish date: Mon, 5 Sep 2016, 11:02 AM
http://klse.i3investor.com/blogs/wealth123/103741.jsp

2016-10-17 16:07

moneySIFU

China CRC price continue to climb due to increase in car sales in China

2016-11-04 - 4013.33
2016-10-05 - 3508.89
2016-09-10 - 3485.56
2016-08-22 - 3421.11
2016-07-20 - 3111.11
2016-06-23 - 2950.00

http://www.sunsirs.com/uk/prodetail-318.html
http://www.100ppi.com/vane/detail-318.html
http://klse.i3investor.com/files/my/blog/img/bl2751_crc_price_in_china.jpg

2016-11-05 07:19

probability

WealthWizard...Mycron is worth a relook now

2017-05-11 23:06

moneySIFU

Hi probability, it is interesting for you to say that :)

2017-05-11 23:13

probability

ha ha $$-sifu...i just explained why i think so on Part 2 of WealthWizard's publishing.

WealthWizard projection were indeed accurate...but the market dynamics were beyond anyone's prediction.

But..i think the market is now beginning to give Mycron to unleash its full potential soon.

2017-05-11 23:19

moneySIFU

Interesting, need to study the figures again, thanks, probability, Mycron has been doing really well. Not only that, Masteel & SSteel too.

2017-05-11 23:21

moneySIFU

Not forget your prestar, you have done really great in steel plays, be it first & second waves :)

2017-05-11 23:22

probability

ha ha...i am still no where compared to WealthWizard..prestar is probably just luck...WW is way way ahead thinking...and he is a strategist.

sent you a mail..:)

2017-05-11 23:30