BUY in purely for their cash on hands..

First announce right issue.. everyone worry about their financial..

But since that, company had spent >20m to buy Favco shares from open market..

So.. their cash flow got problem?

With the current share price, do u think retailer will subscribe the rights issue?

If no, what is the purpose they proceed this?

Global steel price has shoot up since March as material cost increase more..

There is no more cheap steel to import anymore..

Who has inventory the most, who is the king now !

Let?s guess this round uncle will take how many days to pusing again?

ARMADA -10%
HIBISCS +10%

FXXX~ OIL PRICE SURGE ALMOST 50% BUT I EARN NOTHING

I do believe sales continues be good.. but profit margin gonna be lower and lower

Going forward, steel players are expected to report lower margins as a result of rising raw material and fuel costs, as well as elevated inflationary in general.

Pick Jaks has no issue.. power plant doing well

but we had under estimate the ESG concern

Everything ok.. only concern on high debt..

Why not raise fund 1.00 per share for right issue.. pay down all the borrowing

Every year save interest about eps 8 cents..


In return u pay us Pe like dialog or yinson, assume Pe 15 enough..

Eps 10 + 8 cents x PE 15
= 2.7

Dayang story or msm ? xD

Impairment Loss on Goodwill
Allowance for Impairment of Receivables

About 46mil

what if these article really generated from him..

china steel price puncet liao~

Profit mostly from property sector leh ..

I predict kyy will uturn on steel counters within 3 months

U.s starbuck hit one year low~ while malaysia bjfood hit one year high..

Funny

no money pay debt~ but still sapu FAVCO share at high price

找吃jek~ xD

可是名声不好了～还有羊群吗？

Eddie Ong~ jgn macam ni

International politic~

Got follow uncle’s golden rules or not

Got chance bo? MCA 零的突破 xD

Oil price at 70 or 80, business as usual !

Uncle hints he had sold due to margin call kah

Fly ? Get Vincent tan’s permission first~

Base on uncle’s past record, once the share fall above 30%, what will happen next?

At least still got balls to call now~

Buy from china/vietnam cheaper~ unless government impose tariff la

Wow~ surprising no affect by lock down

美国主导钢材相继上调线材出厂价格
美国纽科钢铁（Nucor Steel）、Optimus Steel 、Liberty Steel 昨日相继对其代理商宣布将线材的出厂价格上调80美元/短吨，均为2021年上调幅度最大的一次。此举主要原因是废钢价格大幅上涨，平均涨幅在60美元/吨。
当地买家反馈，预计所有生产商都会很快跟进，但市场是否会消化这次上涨是不确定的。

China rebar futures almost hit limit up liao~ wow

不是笨，就是坏 xD

Now Tawin become commodities trader jor~

Result highly depends on their trading skill

P/B ratio is more applicable on heavy asset company~

Global steel price remain at up side, except china weaken recently

For rebar (before transport cost):
HongKong import price: 760 usd
Turkey export price: 740 usd

Uncle really gan cheong jor~

Nx year profit.. who know? xD

Feed cost up alot.. but government not allow increase selling price..

Wat to do~

U.S imposed tariff and quota for import steel..

Global steel price still maintain at up side, except china..

But have to think about without China, where else can Malaysia steel export? Philippine seem like still lock down..

China import price for billet stood at usd690.. no much different compare early oct..

It is mainly due to price determine from supply side (turkey/india/SEA), instead demand side..

Base on current spot price for China rebar, dont think they will import much billet pun..

Result 99% will be good la.. jz no sure the time steel price still able to sustain or not.

Uncle gan cheong alrdy~

I know china steel rebar future hit limit down again jz now~ Although not direct relationship with Ays

Kena margin call again~

Dont think kyy able control.. got tsdl lagi eh..

Mayb uncle kena eat also..

no fertilizer no worker..

Mean price should up further lo xD

Haha.. u got the point there!

But i love both~ jz temporary leave awhile from steel

At least he is telling something true..

Nx question, will the steel price sustain?

不是笨，就是坏。lol