chankp 7010, there are only 2 reasons.

1. Big dividend is coming. (warrant holder don't enjoy)
2. Bonus warrant coming (warrant holder don't enjoy)

maybe bonus issue coming

target RM 4.80 good enough.

PE 8 x EPS 0.60 = RM 4.80

it's coming!

i think bonus should be coming.

EG is in the edge top stock list??

overvalue... PE 10.
Magni and Tguan only PE 7

alex, if you want double, by tguan-warrant. instead of mother share

abismail, the subsidiary shut down is like peanuts.

alex, i will still suggest you use your limited capital. buy both!

diversified your risk.

magni has lots of cash and good dividend. growth is good.

tguan although has warrant and loan stock, but high growth is followed. can keep up with the dilution.

Do not worry!

both is equally good. buy both

tguan warrant is trading at a cheap premium only RM 0.15 different.

close a small subsidiary.. peanuts only...

huge volume last minute!

bonus probably coming!

excelyou..

can you attach the full cimb research report here for us?

Target price RM 5.72

annual report 2016 out. Uncle koon yew yin sell from 100 million shares (31.10.15) to 8 million shares minimum (31.10.16) also cannot see his name.
He still said he is buying back VS. Really dunno what to say for him.

next tekseng in the making!

another tekseng in the making!

hevea target price RM 2.37 by cimb research

let's roll! RM 6.00

expect eps to be 15 to 17 cts

it is coming!

you guys sure the profit can sustain or not?

penta will be next tekseng..

usd vs myr 4.55
time to buy tguan!

cold eye also intro gadang

joekit, you sure or not? you worked in tguan ?

geshen is not an established company

thong guan is in the line for almost 30 yrs

It is different

next 2 quarters 18 cts , 18 cts = 36 cts

i forecast tguan to have a EPS of 70 cts

LLinvest, sure or not going to Tguan going to Holland?

what is your target price? drop till RM 3.00? till RM 2.00?

Look at Tien Wah and you guys know. When drop to RM 1.60 everyone scared like mouse, now moving, everyone going to jump on the boat.

already drop to NTA 3.90. still with EPS 0.55 to 0.60 cts

what do you expect?

when people is fear, you buy

king of all!

Steel players’ momentum could be short-lived

Author: Tan KW | Publish date: Tue, 27 Sep 2016, 09:45 AM

By Billy Toh / The Edge Financial Daily | September 27, 2016 : 8:37 AM MYT





This article first appeared in The Edge Financial Daily, on September 27, 2016.



KUALA LUMPUR: Steel counters are back in the limelight after the government announced provisional safeguard measures in the form of duties of 13.9% for steel coils and 13.4% for steel rebars imported into Malaysia. Earlier this month, the counters had also rallied in active trade on expectation that Megasteel Sdn Bhd’s suspension of its operation will benefit smaller players.

However, some analysts feel that the momentum could be short-lived as they are not convinced that the recovery in steel prices is sustainable.

The head of research at a local fund house said the steel price hike is likely to be temporary and has more to do with sentimental play than a change in its fundamentals.

“The steel prices have been going up, but is that sustainable amid the lack of economic growth globally and low oil prices,” he asked. “These protection measures proposed by the government do not guarantee the survival of the steel players. While some of these measures could help, it’s going to be temporary.”

The research head added that the mass rapid transit (MRT) projects will not be enough to spur the steel market, pointing out that MRT Line 1 has not been able to boost the sector.

“A lot of these recent hikes are due to sentiment play. Steel is a very cyclical sector and I don’t think any of that has changed,” he said.

Mercury Securities head of research Edmund Tham also thinks that the protection measures proposed by the government will not be beneficial to all parties.

“The fact that so many of the steel counters move, I think they don’t know what they are doing,” said Tham. “It’s not so straightforward that all these steel players will benefit from the safeguard measures proposed. I don’t see any sustainable movement at the moment.”

Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew said the increase in steel prices is mainly due to China’s move to cut its steel production capacity, but there is no certainty that this will last.

Pong noted that the construction projects in the country have not been able to help the steel players until China cuts its production. “We realise that steel prices have rebounded, but we are not very certain how long it will last,” he said.

Benny Lee, chief market strategist at Jupiter Securities, however, feels that steel players might benefit from the good growth in the construction sector as well as the weaker ringgit. He said steel prices could be sustainable in the next few quarters.

Lum Joe Shen of Kenanga Research has issued a report on Ann Joo Resources Bhd, switching the valuation to “outperform” with a higher target price of RM2.24. He said the research house is positive on the steel sector as steel prices are expected to remain stable despite the prolonged overcapacity issue in China.

Lum said China’s depleting steel inventory indicates rising domestic demand, closure of loss-making steel mills in the country, and Beijing’s strong commitment in reducing steel production capacity through consolidation of steel groups coupled with financial support of 100 billion yuan (RM61.9 billion) for worker retrenchment schemes.

Lum is also positive of the provisional safeguard measures issued by Putrajaya, saying it would boost Ann Joo’s steel rebars.

Looking at the technical indicators, the rise in the share prices of steel players has also been overdone. Malacca Securities Sdn Bhd technical analyst Loui Low shared that profit-taking activity is likely to be coming in the next couple of days, citing that the chart is a bit “overheated”, indicating an overbought signal.

“For me, I’ll look at the nine-day EMA (exponential moving average) line as the first defence. Once it drops below that line, you should take profit,” he said.

Most steel counters have risen sharply in the last three months, with Mycron Steel Bhd up by 123.53%, Ann Joo by 95.33%, YKGI Holdings Bhd by 95%, Malaysia Steel Works (KL) Bhd by 94.17%, Melewar Industrial Group Bhd by 86.15% and CSC Steel Holdings Bhd by 50.74%.

http://www.theedgemarkets.com/en/article/steel-players%E2%80%99-momentum-could-be-short-lived
27/09/2016 10:43

Steel players’ momentum could be short-lived

Author: Tan KW | Publish date: Tue, 27 Sep 2016, 09:45 AM

By Billy Toh / The Edge Financial Daily | September 27, 2016 : 8:37 AM MYT





This article first appeared in The Edge Financial Daily, on September 27, 2016.



KUALA LUMPUR: Steel counters are back in the limelight after the government announced provisional safeguard measures in the form of duties of 13.9% for steel coils and 13.4% for steel rebars imported into Malaysia. Earlier this month, the counters had also rallied in active trade on expectation that Megasteel Sdn Bhd’s suspension of its operation will benefit smaller players.

However, some analysts feel that the momentum could be short-lived as they are not convinced that the recovery in steel prices is sustainable.

The head of research at a local fund house said the steel price hike is likely to be temporary and has more to do with sentimental play than a change in its fundamentals.

“The steel prices have been going up, but is that sustainable amid the lack of economic growth globally and low oil prices,” he asked. “These protection measures proposed by the government do not guarantee the survival of the steel players. While some of these measures could help, it’s going to be temporary.”

The research head added that the mass rapid transit (MRT) projects will not be enough to spur the steel market, pointing out that MRT Line 1 has not been able to boost the sector.

“A lot of these recent hikes are due to sentiment play. Steel is a very cyclical sector and I don’t think any of that has changed,” he said.

Mercury Securities head of research Edmund Tham also thinks that the protection measures proposed by the government will not be beneficial to all parties.

“The fact that so many of the steel counters move, I think they don’t know what they are doing,” said Tham. “It’s not so straightforward that all these steel players will benefit from the safeguard measures proposed. I don’t see any sustainable movement at the moment.”

Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew said the increase in steel prices is mainly due to China’s move to cut its steel production capacity, but there is no certainty that this will last.

Pong noted that the construction projects in the country have not been able to help the steel players until China cuts its production. “We realise that steel prices have rebounded, but we are not very certain how long it will last,” he said.

Benny Lee, chief market strategist at Jupiter Securities, however, feels that steel players might benefit from the good growth in the construction sector as well as the weaker ringgit. He said steel prices could be sustainable in the next few quarters.

Lum Joe Shen of Kenanga Research has issued a report on Ann Joo Resources Bhd, switching the valuation to “outperform” with a higher target price of RM2.24. He said the research house is positive on the steel sector as steel prices are expected to remain stable despite the prolonged overcapacity issue in China.

Lum said China’s depleting steel inventory indicates rising domestic demand, closure of loss-making steel mills in the country, and Beijing’s strong commitment in reducing steel production capacity through consolidation of steel groups coupled with financial support of 100 billion yuan (RM61.9 billion) for worker retrenchment schemes.

Lum is also positive of the provisional safeguard measures issued by Putrajaya, saying it would boost Ann Joo’s steel rebars.

Looking at the technical indicators, the rise in the share prices of steel players has also been overdone. Malacca Securities Sdn Bhd technical analyst Loui Low shared that profit-taking activity is likely to be coming in the next couple of days, citing that the chart is a bit “overheated”, indicating an overbought signal.

“For me, I’ll look at the nine-day EMA (exponential moving average) line as the first defence. Once it drops below that line, you should take profit,” he said.

Most steel counters have risen sharply in the last three months, with Mycron Steel Bhd up by 123.53%, Ann Joo by 95.33%, YKGI Holdings Bhd by 95%, Malaysia Steel Works (KL) Bhd by 94.17%, Melewar Industrial Group Bhd by 86.15% and CSC Steel Holdings Bhd by 50.74%.

http://www.theedgemarkets.com/en/article/steel-players%E2%80%99-momentum-could-be-short-lived

they should investigate and catch those ppl who bought high volume yesterday, for insider trading

it's coming!

bonus issue should be the next coming up

chart is turning downward

thong guan result must be good

bonus coming this year..

waiting at RM 3.50

bought 20 lots at 2.64

VS Industry wins RM100 Million water filtration contract, share price up 2.3%
Author: kltrader | Publish date: Tue, 2 Aug 2016, 09:27 AM

TheStar reported on Monday (1st Aug), that VS Industry Berhad had won a contract worth RM100 million, to manufacture water filters for NEP Holdings (M) Berhad. NEP Holdings is a home-grown group of companies, famous for its award-winning “Diamond” brand of water filtration system products.

The article further detailed that the contract is to manufacture the Diamond branded water filtration system for 12 months. VS Industry’s Managing Director Datuk SY Gan, was quoted in the same article as saying that the filter manufacturing plan is to support growth for NEP’s holding companies.

According to Gan, with an approximately 30% market share, Diamond is a leader in Malaysian water filtration market. Diamond also enjoys a 20-30% market share in Hong Kong, and Singapore.

Earlier last week, VS Industry announced that it was acquiring a 20% stake in NEP Holdings for RM60 Million cash. The group reported in its filing with Bursa Malaysia that for the FY16/17, NEP Holdings has given a minimum profit guarantee of RM40 million. Based on the guarantee, the acquisition carries a reasonable price-to-earnings ratio of 7.5 times (The Edge Markets, 25th Jul).

Source: Macquarie Research - 2 Aug 2016

going to close shop

thong guan RM 5.00 easily reached

go go go!