I dont think it will drop much tomorrow, on the basis that insider already knew about this quarter result and share price has been dropped from RM3.00++ to RM1.9++, everything has been reflected in the share price d.

I guess tomorrow share price might drop a bit, maybe 10sen, mostly sell by small fish, then the old bird will start collecting.

Based on the QR, it seems like SSTEEL is much better than ANNJOO.. Salute to Hong Leong Group Tan Sri Quek Leng Chan, he is really good in cost controlling compare to other.

But anyway, ANNJOO has the highest inventory, so as long as the current steel price higher than the price on 30 June, it is a bonus for Annjoo.

Frankly speaking, Bintai is a good company if you looking for job, their remuneration package and benefit are not bad.

However, if you are a investor, then this is not a good company to invest, this company never value their shareholder.

Q to Q improve 40%, seem like O&G on on recovering path.

Once the acquisition, Lion will become the Steel Leader again..
Other player like annjoo, ssteel, masteel all have to give way d.

Choivo, thanks for the detail update. I think your stock pick are not bad, is just now the market is bad, many good fundamental stock are being ignore by market.

KWAP disposed so many shares, very interesting to know who is the buyer?
Perhaps is KWSP? LTAT? or Permodalan Terengganu Berhad? or Creador Fund?

JAKS should proposed right issue 1:1 with the price of RM1, then it can force KYY to dig out another RM100mil and invested into the company, or force KYY to dispose his share.
If this is the case, I guess KYY will dispose his share, and share price will collapse to below RM1. Then management can buy back the share from KYY.

It depends on which perspective we are looking for... If we take RM4.5bil as the LRT3 revenue, then the net profit from this LRT3 will be 6%, which is RM270mil.
But if we only recognise RM270mil as the revenue, then the net profit will be almost 100%, because this RM270mil is the management fee, there is no cost that Gkent need to bear. Even got, it will be minimal only.

I like Pakatan Harapan, and I'm happy that LGE become our Finance Minister.
However, I'm a Accountant, I must respect my own professionalism, so I cannot accept LGE (as a Finance Minister) simply announce something inaccurate and misleading the public.

Just wondering our Finance Minister is working alone or working with a team of professional accountant / auditor.. If there is a professional team behind, why no one advise him?

Najib forgot that all the valuable and strategy location asset owned by 1MDB was actually "stolen" from government, and now it sold back to government.

Actually PFI shouldn't consider as debt, it is a kind of future committed expenses.
Normally, debt come together with asset. For example, you buy a house RM1mil, and you borrow 900k from bank. So in your Balance Sheet, you will declare you got RM1mil asset, and RM900k debt. So this is fair enough.

But what happen if you are not buying, you decided rent it from landlord, you sign an agreement with the landlord that you will rent the house for 15 years, with rental RM5k per month, or RM60k per year. When you declare your personal balance sheet, your asset is zero, and will you recognised that you have a debt of RM900k (being committed annual rental RM60k x 15 years)?

I believe you will said no right, because that is just a commitment of future expenses, we can't recognised it as debt.

这次真的“Fuxk”大财了。

Impossible can get compensation..
1st, did government black n white awarded the GST contract to MyEG oredi?
2nd, if you force government to compensate you, then how expect government to renew your existing contract?

SSTEEL posted a good result, I believe Leonfb will be benefited as well.

The result is slightly below my estimation, but it is considered very very good result.

Wow... Lionind so powerful.

Good good...

Will Digistar benefited from this round of bull market?

Good information and eagle eye sight.... Especially M&G

Today target price - RM0.19
Tan Sri Muhyiddin's Son
Coming coming

When all counter up but suddenly one counter drop, becareful.
Remember, other shareholder are as smart as you, they wont sell cheap to you when the overall market is very good. There must be reason behind it.

Sell Uzma and buy M&G, Tan Sri Muhyiddin's son is one of the Top 30 shareholder. Market missed out this O&G counter.

Quarter profit estimated to have 60mil above.

Many investor overlooked this counter, Tan Sri Muhyiddin's Son, Datuk Fakhri Yassin is the Top 30 Shareholder in this company, M&G.

And don't forget, this is a cash rich Oil & Gas company, they have few hundred million cash in hand after dispose the SILK highway.

With PH controlled the new company, it should be a very good news for all the steel company, reason being:-

1) Pretty sure that Government will force all the construction project (no matter the contractor is local or china company) to use steel produce in Malaysia.

2) Pretty sure the Government will monitoring the Alliance Steel, make sure it comply with the law that all its output is for export purpose, cannot sell to local market.

Lionind products are mostly direct supply to those government link company.. my guess.

Haha.. good. Better drop below RM1
, I am ready.

Uncle CP Teh, who tell you this DOLPHIN is a Stationery Counter? This DOLPHIN is Palm Oil Engineering Service company, it is different from the Dolphin Brand Stationery that you see in Popular Book Store.

Calvin, can you open a new topic with the title below:-

"Which counter will be benefited if Pakatan Harapan win in GE14, and also which counter to be avoid if Pakatan Harapan win in GE14"

The reason why I ask you to open this topic is because whenever I saw any topic related to GE14, it always tell people which counter to buy for GE14, and those author always assume Barisan Nasional will be the winner. For example, their top pick always is FGV, MRCB, KUB.... all the UMNO link counter.

Therefore, I need someone wisdom like you, to share your knowledge and opinion on the opposite thought. For example, if Pakatan win, the who are the Mahathir previous crony that will be benefited? Mahathir's son still holding which counter? If GST abolished, will consumer and car industry benefited? Which project will halted if BN lose? .....etc.

Really hope you can open a topic like I suggested, and thank you in advance first.

Since we can foresee any outstation citizen cannot come back to vote, so those who stay in home town must go to vote without any excuse... Otherwise, your country will have no more hope.

TP RM0.60

Now market economy so bad, many new start up business cannot get loan from bank, so they apply loan from P2P.. As the economy is very bad now, I can foresee many new start up business will facing cash flow problem (as their debtor will drag their payment, it is a chain effect), and I foresee many P2P borrower will start to default their monthly repayment.
So becareful.

Edward bro and Leoting Bro, since both of you are involved in the steel industries, do you mind to share with us the current Malaysia steel market status:-

1) Are the demands still strong? Previously the demand is very strong, many Steel Factory operate 24hour shift to meets the order, and some factory like SSTEEL even stop produce certain model, only focus on the popular model. How about now? From what I observe, property development has drop a lot, but infrastructure project are very hot. But I'm not sure which one comsume higher steel.

2) Last year, after Malaysia Government impose the tariff, many steel importer has reduce their order to import from China, the switch and buy directly from local producer. Subsequently, when China steel price rise above RMB4000, almost all import have been stop, because the China steel price is too high, totally cannot compare with local produce steel price. But recently, China steel price has drop from RMB4600 to RMB3500, and it seem like the price is competitive against local steel price, so has these steel importer start to order from China again?

3) Anyone know the latest status of Alliance Steel, has they start production?
Also, has Lionind resume its Johor plant?

I think this is typical pump and dump.
After KYY visit to UAE, he n his team start accumulate the share, from 69sen all the way to 90sen. Then today he publish this article to encourage you buy, if you buy, u think who is the seller?

After TSH, now Boneschythe.. who will be the next?
KYY? KIM? OTB? TYY?

what movie is this?

STC1136, I agreed with your calculation, but disagreed with your reason.

For me, the major reason that cause China Steel Price drop is not because of US Tariff (I think this only cause 30% of the dropping), but is the Inventory that those Steel Traders built up during the winter season.

Traditionally, China Steel Trader will always built up their inventory level during winter season, as they expect after Chinese New Year, all construction work will begin, and demand will come in in huge wave, and they can make a lot money of money when demand > supply.

However, something change this year, the demand after CNY didn't come in very slow, slower than anyone expectation. So some trader that cannot stand the financial stress start to selling their stock at below market price.. then this has impact the entire industry, and more n more trader start throwing their stock at below cost price (i.e. their cost price around RMB4000-4100).

This situation will be end sooner or later, once those traders reduce their stock pile to a comfort level, once more n more construction start work (coz their weather is cold, certain contruction side still havent resume work), the demand will surge above the supply, and price will be back to a comfortable level (RMB4000).

Haha... I loss too much on Digistar d, must talk bad about Datuk Wira.

Everything is good, except Datuk himself.

This guys is an old fox, will eat all the shareholder meat slowly. Two month later another private placement at 8 sen, 4 month later another private placement 6 sen, then 9 month later another private placement 4 sen.... then 1 year later right issue again... after right issue the ESOS to management.... at the end privatised at offer price 2 sen.

Based on my finding, the average Rebar price in USD is around USD870 per tonnes, while China rebar price is only RMB3800 (or USD600). After donald trump impose the 25% tariff, it will become USD750. Then add on the transportation, warehouse, admin, insurance....etc, around USD100 per tonne, then China steel price in US market will become USD850. Which is more or less same as the local steel price in US. That why now China steel price is around RMB3700-3800 level.

However, we can see that US Steel Mill start to raise their price, if US steel can raise their price to above USD900-920, that mean there is a room for China Steel Price to move up to RMB4000-4100.

My understanding of the impact of donald trump tariff:-

1) Short Term, US Steel factory production capacity is insufficient to meet its steel demand.
Once the tariff impose, the retail steel price in US will be increase, the the steel factory profit margin will increase. At the same time, the import of steel will be remain same or reduce a bit, because the demand is there. With the 25% tariff, Donand Trump government income will increase as well.

2) Short-term steel price will reduce, because all business stop placing their order, want to see how low can the steel price go. Once they realised their stock level reducing and the demand is still same as usual, they will place order again, and price will back to its original level.

2) Midle term, once the steel factory have stable profit, they will start expand their production, they will invest in new blast furnace, hire more worker, so will improve the job market. and the import will reduce substantially.

This CNI lost making for so many quarter, but still fork out money to sponsor Dato Lee Chong Wei movie.... Something brewing or something fishy???

Judge from its cash flow, it wont go bankrupt. It still have healthy cash flow, the big losses was due to the impairment losses on its vessel.

Mr OTB, I hope you can stand firm, I support you.

Please ignore all the comments from the old man, he is lonely and got nothing to do. Everyday he wake up check I3 and see write long article to shoot anyone against him. He got no friend, and his supporter also getting lesser n lesser, especially when many people saw his attitude.

Mr OTB, you have been survive in the stock market for so many years, and I can see you are doing very well. So I strongly believe your FA + TA methodology, and I do believe you have better "business sense" than many others.

Jia you!

although I'm not a Masteel shareholder, but after reading Mr KYY critics on Masteel, it really make me angry. This old man really old d, always talking non-sense... Maybe I shouldn't talk bad about him, but I sincerely feel the word he talk sound like a fool.

Someone throw SSteel, wait further n see any good price to collect more.

Yes, edward 123, I also bought SSTEEL since 90sen, all the way till RM2.40, average is around RM1.60, I am also do nothing.

I'm waiting Annjoo to move, once Annjoo move to RM4.30 -RM4.50 level, Ssteel will be around RM2.70 - RM2.80 level.

If ssteel suddenly announce some 10-15sen dividend, then it would be better.

If ssteel suddenly announce bonus issue 2:1, then even better.

come on come on... TP Rm1.54

Wow, this case is similar with the Icapital case, where the London Investment Fund buy a lot of Icap share and wish to kick out the Icap Founder Tang Teng Boo at the AGM or EGM.
Finally, the London Investment loss its vote, many shareholder still prefer the company to control by the founder.
Why? Very simple, because all the minority shareholder know that the London Investment will not run the company for long term, they just want to step in and eat all the meat, then leave the bone and runaway.
Similar to KYY case. I don't think KYY want to run the JAKS for long term (5 - 10 years), he just want to step in, cut all the money losing project, cut the operation cost, park in more future income, then show a pretty result for 2-3 quarter, invite many analyst to write nice report on JAKS with high PE (15-20 times), then sell all his share to public. Then after 1 year, he will announced that due to personal reason or old age, he will resign from the BOD, then u will start to see the earning start dropping, a lot of provision being made, impairment, written off.....etc.

The above is just my wild guess.