After study its QR, I deiced to stop buying LSTEEL, because its negative cash flow make me worry.

Steel price will adjust upward by 1st March 2018.

Thanks Amit, really feel goods to have you share your investment methodology in this forum.

Why Annjoo declare dividend but SSteel dont? I think maybe due to:-

1) confidence on future earning.
2) to pare down debt

For example, you borrow RM300k margin from bank, and you use the RM300k to invest in KLSE, and very lucky you have earn RM60k on Year 2017.

If you are very confidence on your investment skill, you will probably spend the RM60k to buy a new car, travel to oversea, buy a Rolex, because you know you will make another RM60k or more in Year 2018 again.

However, if you have no confidence on your investment skill, you will probable save the money, or use it to payback the RM300k margin loan, because you not sure whether you are going to make another RM60k profit in Year 2018, so better keep the money to prepare for any future uncertainty.

Hua Joshuaayoung, did datuk wira mentioned anything about the RM66mil lump sum payment?
And also, did Digista plan to distribute dividend?

anyone attend the AGM

Amit, what is your view on trend investment, do you categorise it as investing or speculating?

For example, Amy aware that currently market consumer trend like Milk Tea, so Amy closed its lemonade business and start its Milk Tea. After 1 years, Amy see its profit margin for Milk Tea business has dropped, and Amy foresee the next market trend is healthy fruit juice, so Amy closed it milk tea business and switch all her capital to start the Healthy fruit juice business.

In the above example, Amy is investing or speculating?

Very good article and very good example using.

After observing KYY for 3-4 years, my conclusion to his style is:-

1) When he announce he is buying, he already bought a lot, and will continue buy on it.

2) When he announce he is selling, he already sold a lot, and will continue sell.


He is not that kind of old fox that like to talk east do west. He wont announce selling, but at behind buying. So now when he said he is selling hengyuan, you guys better listen to him, don't pretend smart to guess he is try to cheat ppl to sell.

Although I am not sure Chong is a good guy or bad guy, but I feel the writer try to terbalik the entire story... As what I can recall (from previous newspaper reading), TPY is the one who cheat Chong. Initially Chong's Protasco is a good company with good prospect, but after being cheated, the entire company downtrend.

The above is what I can recall from my memory only, maybe I'm right or maybe I'm wrong.

BTW, why edward bro no longer come here to update the price?
Where are you edward?
Highly appreciate if you can come back to update the price again.

u still have 70% cash on hand, nothing to worry.

moneySIFY, last Q where got making loss?

As at 12;30pm, total trasaction volume for SSTEEL is around 1,000,000. Assume average trasaction cost is RM2.00, that mean total value transacted is RM2,000,000 only. ( I guess many investor in I3 has more than RM2,000,000)

BUT.. SSTEEL market cap has drop RM78mil (based on RM0.18 x 443mil share).

Seem very unfair right, someone just sell RM2mil worth of share, but it cause the entire company market value drop by RM78mil.

If tomorrow another group of panic investor sell another RM2 mil worth of share, will it cause SSTEEL drop another RM78mil ?

This is STOCK MARKET!!!!!!

No more CNY celebration, Angpow to wife reduce from RM5000 to RM50.

本人投资了15年，现在还在第7阶段，偏向长线交易，基本面投资。

lchits, 90% of the 66mil have been paid. I believe you will see a substantial reduce in their trade receivable.
Now my concern is why the management want to raise another 80mil, and the proposed utilisation of the 80mil make me worry.

No doubt HY is a very good stock, very solid fundamental.
However, if you are hoping it will rebound or uptrend in the near future (few day - few weeks), possible you might end up with disappointment and hand burn.
On the other side, if you are cash rich, have unlimited bullet to average down, and your holding period is minimum 3 months and above, then this could be one of the best golden egg in Bursa.

Who want to attend? Can help me to throw slipper + expired egg to the management?

Choivo, your theory is very interesting. It is good to see someone introduce new theory on stock market.
However, it somehow seem not not make sense in business world. Especially when you mentioned that the higher the bank borrowing / market cap, the better to speculate as bank is taking higher risk.
You need to understand that, most of the loan was taken prior to the collapse of oil price. Bank would not lend them so much money if bank knowing that oil price will be dropped so much.
Just refer to swiber, kinsteel, perwaja, all of them have very high borrowing, and they end up with bankruptcy.

Ireka wont bring wealth to its shareholder one.. Dont like their management style.

Choivo, your theory is very interesting. It is good to see someone introduce new theory on stock market.
However, it somehow seem not not make sense in business world. Especially when you mentioned that the higher the bank borrowing / market cap, the better to speculate as bank is taking higher risk.
You need to understand that, most of the loan was taken prior to the collapse of oil price. Bank would not lend them so much money if bank knowing that oil price will be dropped so much.
Just refer to swiber, kinsteel, perwaja, all of them have very high borrowing, and they end up with bankruptcy.

Hi Alandrake, the project has been rename to :-

"Centre of Excellence for Engineering & Technology (CREATE)"

You can google it, and you will see a lot of news / picture / JKR seminar held at that place.
It is a very nice building, and all JKR staff like to go there for training.

Edward bro, any new updates on steel price?

Good analysis! Thumb up!

hng33, you always buy when it drop, and sell when it gain back, earn the difference of few cents. As your volume are big, so the difference of few cents could be a significant amount.

But just wondering, if let say after you sell, if the share continue to go up (i.e. from 2.12 all the way up till RM2.80, every day up 8-10 sen), would you chase back? or you will put aside this counter, and focus on other counters.

gcke, based on my understanding, the main reason are:-

1) Many investor and punter shift their portfolio weight to O&G industries. This is my conclusion after have a chat with few remisier;

2) China steel price drop around 10-20% from the peak at Dec'17.

Basically, the Malaysia Steel Industry fundamental are still very bright, just many investor has switch their fund to O&G industries.

Huatar 333, good 1... So many bullet.

进入2018年，钢铁、玻璃(1505, -2.00, -0.13%)、水泥等长期存在产能过剩的工业行业，即将迎来去产能、调结构的攻坚战。

　　为巩固前期去产能成效，严禁钢铁、水泥和平板玻璃行业新增产能，2018年1月8日，工业和信息化部印发了《钢铁行业产能置换实施办法》（以下简称《办法》）、《水泥玻璃行业产能置换实施办法》，并自2018年1月1日起实施。

　　1月9日，我的钢铁网资深钢铁分析师徐向春向21世纪经济报道记者指出，与此前2015年印发的版本相比，此次印发的修订版《办法》更加严格。例如，对钢铁业产能置换，文件明确，“地条钢”和落后产能等6类产能一律不得置换。

　　“此文件的印发，也透露出一个信号，那就是2018年的钢铁等行业去产能的主基调没变，去产能的力度不会减弱。”徐向春称。

　　严禁新增“地条钢”

　　中国钢铁、玻璃等行业自2015年受大宗商品寒冬冲击陷入困境。2016年起国家开始对钢铁、煤炭、玻璃、水泥等产能过剩行业实施供给侧结构性改革。在钢铁等行业实施去产能等改革措施2年来，行业市场逐渐回暖，企业的经营效益也普遍向好。去产能目前已取得初步成效。

　　以钢铁产业为例。自2016年初至今的2年来，钢铁业已累计完成去产能任务1.15亿吨，距钢铁业“十三五”规划“削减1亿吨-1.5亿吨”的上限——1.5亿吨目标仅剩数千万吨的规模。

　　1月9日，中钢协副会长、冶金工业规划研究院院长李新创认为，此次文件出台说明去产能工作并不是一劳永逸的事情。今后的钢铁去产能要严守两条底线，其一是严控新增产能，其二则是严防“地条钢”死灰复燃。

　　“在国家大力推进供给侧结构性改革、坚定不移化解钢铁过剩产能、三令五申严禁新增产能的背景下，产能置换是实现严禁新增产能和结构调整有机结合的重要手段。”李新创称。

　　1月9日，工业和信息化部原材料工业司钢铁处处长徐文立指出，“明确哪些项目建设须实施置换是开展产能置换工作的前提，明晰用于置换的产能范围是做好产能置换工作的关键。新出台的《办法》对这些都做了进一步细化和明确，目的只有一个，就是严禁新增产能。”

　　为了避免个别项目“钻空子”逃避置换新增产能，《办法》要求，无论建设项目属新建、改建、扩建还是“异地大修”等何种性质，只要涉及建设炼铁、炼钢冶炼设备，就须实施产能置换。简言之就是“只要建炉子、就要置换”。

　　哪些是可以置换的产能范围？“对钢铁行业，简单来说，可用于置换的产能要同时满足‘1个必须、6个不得’的两大要求。”徐文立解释。

　　其中，“1个必须”指用于产能置换的冶炼装备必须是国资委、各省级政府2016年上报国务院备案去产能实施方案的钢铁行业冶炼装备家底清单内的装备，或2016年及以后合法合规建成的冶炼设备。

　　“6个不得”指：列入钢铁去产能任务的产能、享受奖补资金和政策支持的退出产能、“地条钢”产能、落后产能、在确认置换前已拆除主体设备的产能、铸造等非钢铁行业冶炼设备产能6类产能。这是“一票否决”项，触及其中任何一条都不能用于置换。

　　对于置换比例，此次《办法》也进一步收严。例如，京津冀、长三角、珠三角等环境敏感区域置换比例要继续执行不低于1.25：1的要求，其他地区则由等量调整为减量置换。同时鼓励各地结合实际执行更严的置换比例，推进钢铁工业结构调整。

　　“这个1.25：1，是指每建设1吨新产能，就必须关停退出1.25吨旧产能。”徐向春在采访中解释称。

　　值得注意的还有，《办法》不仅对置换比例进行了收严调整，还强调“未完成钢铁总量控制目标的省（区、市），不得接受其他地区出让的产能。”

　　此前，国务院对天津、河北、山东三省市提出了钢铁产能总量控制目标。有关地区可通过去产能和跨省区置换两条途径，实现区域总量的控制目标。

　　以山东为例，山东省此前公布“十三五”期间要化解钢铁产能1500万吨。而2016年及2017年累计完成任务刚过半，2018年的去产能任务不轻松。

Unlikely to change policy, because MITI policy normally quite stable and firm one.

Does Alliance Steel commence its operation? Or still under construction stage?

Alamak, just loaded at RM2.24 this morning...
Shouldn't wake up so early.

Bro Edward, hope can see you come here to update the latest steel price.

spiderman, can share your point?

Yup, continue to accumulate since RM0.18... Almost every bit I added up some stock.
If it continue up, I will continue to add.. all the way until it pass RM0.30.

RM0.125
RM0.135
RM0.145
RM0.155
RM0.165
RM0.175
RM0.185
RM0.195
RM0.205
RM0.215
RM0.225
RM0.235

Chean Yeh, Thanks for the clarification.

Wow Nelson Cheah, Y10 increased by RM150, so kaulat ar...

I think the worst for O&G Support is over... M&G will rise up to its original price level (40-50 sen)

Digistar current share price is 12.5sen, market value is 82mil.
If market value increase to 300mil, that mean share price will be 45sen..

Erm... Let's wish for it.

Today all counter in my portfolio rise, EXCEPT this Digista.
Really no word..

New year new start... RM2.24 will be the 52 weeks lowest in Year 2018.
52 weeks highest will be RM3.XX.

1stINFO, you are really newbie.

For example, your father owned a piece of Palm Oil Estate (i.e. 10 ekar) at Sabah. Because your father and you move to KL, no one manage palm oil estate, your father ask his neighbour to help him take care the estate. Due to lack of proper take care, the revenue from the estate is very low, and it is making very minimal profit every year (i.e. Only make RM5,000 profit for year 2017).

Based on RM5000 profit per year, times with PE 15 times, would you value your father palm oil estate (10 ekar) worth RM75,000 only?

Of course not right! Because you know that someone is offering to buy your father land at RM750,000 (based on market value RM75,000 per ekar).

So why you use DUTALAND EPS to justify to its share price? Since BPLANT already offer RM750mil to buy its estate?

My stock pick as below:-

1) KGB - 25%
2) TDM - 20%
3) M&G - 15%
4) SSTEEL - 10%
5) LEON - 10%
6) DIGISTA - 20%

Can I ask a question here. I have a fren holding UMWOG since few years ago, and he has average down and subscribe for right issue as well.

As at today, he is holding around 275,000 unit of UMWOG, with average cost of RM0.78.

He is around 35 years old, married with 1 child, his annual income is around RM120k.

His current portfolio market value is RM600k, and his UMWOG market value currently is around value at RM86k, so is around 15% of his total portfolio.

The paper loss on UMWOG is around RM128k.

He still have excess cash of RM40k available to buy any stock now.

If you were him, would you cut loss, sell 50%, buy more or put-aside waiting for oil recovery.

Digistar keep on raise fund.... is either something wrong, or something is brewing.

Those haven't invest in this stock, please stay aside, don't risk your money.

Those who invested recently (< 1 year) and feel pain on the losses, can consider to cut loss, there are many good counter out there.

Those who invested long long time (i.e. 3-5 years) and already no feeling about the huge losses incurred from this counter, it is worth to continue to stay until the last card reveal, to see whether Datuk Lee is holding a Spade Ace, or a lousy Diamond Three.

I like Huaan, yesterday I bought some at 30sen, and then cut loss at 28.5sen.
But I still want to buy Huaan, so I hope it drop today.
Hope it can close the gap, drop back to RM0.245.

I can only said you are outdated.
When you free, please go to Connaught Night Market, Setia Alam Night Makrket, Sri Petaling Night market, you will be surprising seeing many consumer and many hawker using BOOST Pay.

As per my research, BOOST is the mobile payment system introduced by Axiata Group.
From what I saw from those night market and facebook post, I believe temporary this are the hottest mobile payment in Malaysia (while pending Touch n Go launch Alipay and Maybank launch wechat pay).

No choice, this counter play by Syndicate.. they already accumulated so much from 5 sen to 22 sen.. Now 30 sen level is a good time for them to take profit first.

But if HUAAN can proof that it really can continue make money, willing to give dividend, unlike other china counter, then I believe FA investor will start to buy in after next quarter..

Wow... superb news.