In stock market: Divided into two parts.

Part 1: Loser + Winner = 0

Part 2: Business. All Win (Dividend and good business counter)

Lownet2323: I sold Topglove when price at RM3 during year 2003.... after that I give up this counter.... regret till now...... I know the pattern of this counter very will...

BWC can buy??

Hope Today DJ down another 500 point.kekekeke

Heng Yuan Heng Yuan go go go TP TP30..

So we hope DJ down to make Penta Rm1...then buy Penta....once DJ up back to RM2.5...okay??kakakaka

Usually I will hunt during CNY, kakaka last year I hunting PADINI and AIRASIA...... This year I hunting Masteel first.

lim: DJ up from 14k to 26k now......drop 1k per day I'm okay.

Huat ar then......prepared more bullet hunting....

Hope today DJ down 500point

No need to convince the other holders, their weakness is ours advantage to get bargain price.

I wish them dump more.....

Market sentiment where got weak. Airasia up from 1.5 to 4.2 today.... Lol

Wait at rm7-8......then sailang!!!!!!!!!!!!!!!!!!!!!!!!

I wish drop to rm2 .......wakakakakakakakakakaka anyone can help??

Cold Eyes all in just follow la.

seanteoh: last year you mention penta price drop to rm2 end up go to rm5

How leh??

Stock: [PENTA]: PENTAMASTER CORPORATION BHD

Apr 12, 2017 05:38 PM | Report Abuse

Probably drop below 2.00 in near term !

They no panic how we get lower?lol without bargain how to get win?

Hard to get 1.6 lo....time frame so closed to quarter report.

Do not buy first wait the operator play till he happy. Counter v GOV fund very hard to trade.

SuperPanda: you sold all ady Kar?

I miss the person who call 朱兄 who give a very bad comment for AA last few year.

BWC can buy???? as I remember last time AA debt 10 billion now how much ady?? Can buy BWC??

A net cash company no even able to pay a single sen dividen but masteel v debt still pay for last year 2016. Sad story for lion investors.

Most problem for Lion and Hiaptek is Lembaga Tabung Haji.

No dividend from LIONIND even net cash company.

Invest business like doing business and finding a good business partner.

Lion sorry no way. Hiaptek ....you can join.

Management team very important.

For Asia, Tony wanted to make AA dominated in Asia. That why once 500million net profit must be appear in Q report.

For bad management company once the company earn big .... you will notice the money will go some where which is not tally to the revenue.

azman123:

Lion share number :718 million vs Masteel 320 million

EPS last Q RM 4 sen, Masteel 12 sen. Good management team.

Pls look back the record of last 5 years for these two company.

I dont like the company that suddenly posted huge net lose like lion.

Hiaptek also same story. Not consistent. Still remember last two quarter Hiaptek post a huge negetive net profit , then come up v a positive net profit.

Boss like to play.

Year end TP RM2.5-3 after this bonus issue and PP.

Done this year stock selection. A quite troublesome in selection of counter after USD strongest period come down.

Again Thank to Mr. Ooi Teik Bee.

All mega project will run after April....wakakakaka China steel production no need to futher cut just maintain at this level.

Mega project and high demand will push up the steel price..At least next 4 quarters.

300 million sap sap for masteel......Hopefully net cash company.

BWC how can buy??

（吉隆坡29日訊）中國駐馬大使白天指出，中企來馬不僅僅是為自身利益，也出自鄰國間的友好情誼，透過中國最好工程質量，助大馬早日實現基礎設施建設領域新的里程碑，也為大馬早日實現2050年經濟轉型發展的宏偉規劃獻一分力。

他說，大馬建築界對中企“中國質量、中國技術、中國速度和中企高性價比”的認可，是中企在馬承接最多項目最主要原因之一。

白天今午巡視吉隆坡標誌大樓建設工程後，在工地受詢及對中企承建許多吉隆坡大型工程項目的看法時披露，大馬建築業如今蓬勃發展，中企來馬正逢其時，因此是非常自然和易於理解的現況。

“大馬進入基礎建設工程高峰期，也歡迎世上頂級優秀的建築企業來馬承建工程。”

他指出，中國經兩代人努力，不但把中國基礎設施水平推向世界最高水平之一，中國的全球最長2萬公里高速鐵路、13萬公里高速公路、國外承建許多最高建築、成為世界建築業奇蹟的大型橋樑和隧道，還有將竣工的港珠澳大橋，都是中國建築業的標誌。

按法規施工

白天強調，中企來馬慎重按當地法規施工，也注重當地屬地化原則，盡可能僱用甚至當地超過標準規定的員工數量。

“項目管理團隊裡逾40%是本地員工，從當地採購的各種建築材料，如鋼筋混凝土、機電設備等也逾60%，也算是某種程度中企無私回饋給馬。”

白天說，隨著承擔工程的中企都是全球領先施工工藝水平的企業，每個項目完成後，都協助馬培養大批當地工程技術人員。

“中國建築企業進行最開放無私、最毫無保留的技術轉移，自身發展起來了，也希望大馬的兄弟掌握類似能建設標誌大樓的基礎水平。”

標誌大樓 印證中國能力

白天指出，他為吉隆坡標誌大樓建設工程見證了“中國製造、中國質量、中國技術和中國速度”感到驕傲，同時也對中馬務實合作前景充滿信心，相信中馬關係會像標誌大樓般，有個“更高、更快、更強”的發展。

他說，吉隆坡標誌大樓是最多中企參與在馬承建的一個工程項目，它創造大馬建築業的紀錄，即平均3天1層，最快2天1層的高層建築最快速紀錄，這也代表了中國的速度。

“承建該項目的中國建築在全球建築領域500強裡，排名第24位。”

他披露，標誌大樓名不虛傳，是非常震撼的工程建設，名副其實的吉隆坡地標。

白天說，大馬正在落實的2050年國家轉型計劃，基礎設施建設是重要組成部分，加上大馬經濟發展程度較高，施工工藝要求也較高，歡迎外國優秀企業參與國家建設，中企來馬參與基礎設施建設，可謂正逢其時、天作之合。

他認為，吉隆坡標誌大樓也是一項中馬的務實合作，標誌兩國務實合作關係更上一層樓。

Coming 4 quarter:

1. Forex gain good.
2.Demand High.
3.Lower cost from importing material dominated in USD.
4. Increase steel price.
5. Strategies location.
6. Gov project not yet running.(mostly mega project)
7. Low debt among compares to other 3 counter.

More powerful than my Airasia.

Forex gain in paper at less RM 15-25 million coming 2 QUARTER!!!


由于美金兑马币在今年初从4.45逐渐下滑至目前的4.26，作为受惠者的MASTEEL在FY17首两个季度一共录得RM10.8m的外汇收益，占了整体盈利的44%。若剔除外汇收益，集团的近两个季度的核心盈利为RM13.9m。

在业务发展上，通过未来5年陆续推出的大型基础设施项目，MASTEEL放眼把东马的销售量进一步提高。集团将瞄准更多新兴终客户，如政府关联企业、西马主要承包商以及东马的新经销商。为了提升销售量15%，MASTEEL正在西马地区积极营销其产品，并预计可从2017-2022年进行中的Pan Borneo大道项目受益。

据管理层说，MASTEEL的钢筋产能将在今年提升，有望带动其收入额外增长RM150m，相等于12.5%的增幅。当然，这前提是钢筋需求持续走高。集团位于Bukit Raja的新轧钢厂使用率达到63.5%，主要生产优质小直径的钢筋Y10、Y12和Y16。未来，多个生产技术将陆续安装在这厂房上，届时有望提高其生产效率。

虽然在过去5年皆创造可观的营运现金流，但是MASTEEL却在业务扩展上投入不少资金，导致派息率非常低。即便在FY16创造RM38m的净现金流，集团也仅建议派发每股0.85仙的股息，引起股东们不满。在今年股东大会上，高达97.5%的股东不通过这笔股息的提案，非常罕见。

展望下个业绩，美金兑马币在Q3从4.30跌至4.20。MASTEEL预计可在Q3继续录得RM3-5m的外汇收益。然而，投资者必须非常小心。若美金兑马币突然暴涨，这势必为集团未来的盈利表现带来极大的影响。本专页相信市场对于MASTEEL的盈利预期非常大，但是其核心盈利却不是大家想象中那么高。

排除外汇因素，本专页预测MASTEEL全年核心盈利为RM30m。若包括外汇收益，其全年盈利可达RM45-50m之间。值得一提，
未来一旦美金兑马币走势趋稳，集团将失去外汇收益的优势。

1. Most of their inventories are made of raw materials (based on data from AR2016) and this will benefit Masteel in Q3 due to higher ASP rebar price. Their inventories management is based on FIFO basis which may drive Q3 profit higher than my Masteel part 1 article’s estimation.

2. Current Masteel’s inventories level (RM433 mil) is even higher than its whole market capital. If Masteel increase their production utilization rate to 90% (from 80% in 2016), then its revenue and profit should break new high (YoY and QoQ) due to higher ASP price of rebar (around RM2350 to 2400 in Q3 and RM2550 in Q4 per ton).

3. Masteel will be benefited from recent rebar price rally from RM2000 to RM2600++ (Sept and Q4) (Possible EPS of 9.99 sen in coming quarter).

4. It is a mid capital rebar counter which the weak Q3’16 and Q4’16 results indicate that it still has big room of improvement in term of EPS or PE ratio. If next quarter can deliver 9.99 sen EPS, then Masteel’s possible fair value could be RM1.89 (PE 8x) and RM2.34 (PE 10x, after bonus).

5. China has implemented steel production cut in Q4, high domestic rebar demands, export market opportunities and low inventory in local rebar manufacturers provide sustainability of high rebar average selling price in Q4’17.

If you interested on my analysis report, please contact me at davidlimtsi3@gmail.com

Mr. Ooi Tei Bee is a very hardworking investors. Thank you for all your hardwork done for this counter.

Best among 4 counters.

2017Q4, 钢筋的平均价格 RM 2420 - RM 2510 （价格依据钢筋直径diameter而定）

假设每吨RM 2420 - RM 2510 ，以相同的销售量来说，MASTEEL 这一季可以录得大约 RM 414 mil - RM 429 mil的营业额。

毛利gross profit 大约 会介于RM40-45mil 之间 ， 那么净利会介于 RM20-25mil之间

至于来自外汇方面， 马币走强对MASTEEL有两个好处。

一， 进一步削减原料（废钢scrap metal和电极electrode）采购的价格

二， 应付账款payables 方面可以省下 （根据 2016年报，马钢有大约RM50mil 的PAYABLES是以美元计算），也就是说要偿还给供

应商的款项因为马币升值而少还了， 那么就可以记录成为外汇盈利forex gain了 ， 因为2017 Q4， USD由 4.2 跌到 4.0 ,就是说

大约5 %。


Forex gain will push up to net > RM 40 million.

They all join skip cepat kaya......Malaysia can simply throw 1000million in skip cepat kaya like JJPRT.

But stock they dont like..... too slow + die also die half...they prefer loose all the money within 2-3 month..

Ask their money join KLCI then will be very interesting lol

Old man....later 0.7 you die fast

All player here trade Rm5 Rm10 gain v huge volume.....one day sure die...hahahaha

Bursa down counter 600+ KLCI up many point yesterday.....this is how KWAP KWSP< TABUNG HAJI >>>>>What what what trade the market.

Ohhh No Ohh noo.......

Superpanda : 4 k make sense.... Demand will going up till year end.... If all the big project run... 4k coming.

Expected steel price will run to rm4000k per tonne..... I still remember 2008 still price at Rm2 800 all steel counter already sot sot.

Do you all know what Malaysia Glove Boss want to do?
They want to make GLOVE counter like APPLE PHONE, XIAO MI, SAMSUNG.

Everyone buy glove from Malaysia.

Last year when TopGlov at RM 8 very high, RM 9 Very High, RM 10 very high, RM11 Very High , RM 12 Very High, RM 13 super High.

After split:
RM5 very high, RM6 will drop back RM 7 over value, RM 8 people goreng, RM9 will drop back Rm10. I hope i got buy this counter Rm15 why i no buy.

After split: story repeat again.

No need China Cut ...this baby also will definitely up to RM3....just matter of time.... easily able to pay all debt with 6 quarters report.

Richardlee sacred until chua sai liao.....AA almost reach RM5

Hahahahaha You both bias la.....seem like want to collect low again.... sad sad case.

26-Jan-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 453,900 shares on 23-Jan-2018.

19-Jan-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 124,117 shares on 19-Jan-2018.