iKad , also known as the identity card for foreigners who stay in Malaysia for a period of time such as foreign workers, university students.


Previously , the old version of I-Kad was manufactured by Percetakan Nasional Malaysian Berhad (PNMB), a company owned by tycoon TanSri Syed Mokhtar.

They helped Jabatan Imigresen Malaysia (JIM) to manufacture and print the identity card , at a price of RM48 per piece.

As contrary to our national ID MyKad , the iKad was not equipped with chips and it was not digitalized , and bring no extra safety features.

According to officials from JIM, PNMB was not puncture in delivering supplies to them , and they were not able to fulfill the orders . Hence the last supply was halted around June 2019, where the contract is supposed to last until May 2020.
To substitute the missing iKad, the officers of JIM can only use temporary stickers to paste on foreigners passport.

The open tender of iKad was opened early this month, government demanded a total supply of 10mil iKad which is to be fulfilled in 3 years period .

The new iKad requires stringent specifications , such as 11 safety features , water resistant,with electronic chip which is compatible and able to integrate with JIM core system ，flash memory , able to store HD personal bio data photo ,cryptography， augmented reality etc , and most the product has to have a shelf life of at least 5 years or above.

The manufacturer of iKad is required to develop an in-house app which enables all JIM officials to check and validate the iKad on their mobile device (to ease the procedure when having spot check ), self-testing procedure to validify the genuinity of the card.

The project is valued at RM400-RM480 million , based on the previous offered price from the previous vendor.


In Malaysia ,there are only a scarce number of digital ID card manufacturers , apart from PNMB (previous vendor for IKad) and Iris (previous vendor for MyKad before 2012), Datasonic is the strongest in its sector in the region. Datasonic stands a good chance to win this RM480mil project , as it’s currently the vendor for MyKad.

According to Jabatan Pendaftaran Malaysia , the number of replacement of our NRIC , MyKad , significantly reduced after Datasonic became the vendor of the national identity card , which in other words prove its integrity and merits in providing good quality products and help government to save money. Proudly to say , our MyKad is among the best digital ID in the world , if were to compare the design , safety features and durability .

According to World Bank’s data, It’s estimated that Malaysia currently having a sum of 6 millions foreign workers , where only 2 millions are registered legally.

Alongside with the Covid outbreak , our government has been riding the chance in identifying the location of illegal foreign workers , this is the best timing to either repatriate or rehire those illegal foreign workers via the proper way.
At this juncture , government can decide whether to register them and make them legal , or to send them back to original country .

Our MyKad is sold fo government at RM17 per piece, this yields a decent margin to Datasonic.
I believe Datasonic can produce iKad with the same technology and costing structure, but can sell at premium price of RM48 (can also sell to government at more affordable price to help government save money)
Let’s say if they quote RM20 for a piece of iKad, The successful commencement of this project will boost Datasonic’s earning by RM15-20 million a year.

The tender will be closing early next month. In view of the merits and capability among the peers , it shouldn’t be difficult for Datasonic to pocket in this project.

May I have the full report ? zefftan@gmail.com

https://klse.i3investor.com/m/blog/zefftan/217724.jsp

warmblood: recent sharp drop in Chinese steel price is due to low demand due to winter season whereby construction activites are operating at minimal due to the haze and also traditional weak quarter

For local , price of rebar is well sustained above RM2600 due to orders are coming in from local infra projects

https://klse.i3investor.com/blogs/zefftan/139319.jsp

Bpt1:

Langsung no benefit to the listed Adventa

So, in other hokkien words , boh kangtao

Dear moneyup888

Good luck n all the best

Dear charlesT

Yes, u get my point. Tq
Terangnusa(Adventa glove) is unlisted entity now.

Dear moneyup888

忠言逆耳

Up to u

dear moneyup888 and charlesT

Don simply pluck the words and say I bullshit
, Sze Read the whole article

The glove manufacturing entity of Adventa was disposed during 2013 and its no longer having any relationship with the listed Adventa.

I have no intention to argue with u , wait announcement out and everything will float up to the water surface.

My humble opinion:

It's unlikely for topglove to takeover supermx
TanSri Lim mentioned to the Edge that they're buying a local company which is specifying in manufacturing surgical gloves

I'm in healthcare industry , based on what I know the most popular brand across this ASEAN region might be ADVENTA

Adventa manufacturing plant (Terang Nusa) is in KotaBharu Kelantan, it used to be under the listed company ADVENTA which its share price experience a sharp surge since Friday , probably some ppl already know about it and they go and buy the share.

But in fact , the glove manufacturing plant ( Terang Nusa) under ADVENTA was disposed during 2013 to a company named ASPION, controlled by the same boss of Adventa . The disposal was sealed at a price of RM320 million, during that period their annual production capacity for Surgical glove is about 480mil gloves per year, considered quite big during that time if compared to peers. They're making up to 15% of global usage of Surgical glove.

Topglvoe current capacity for Surgical glove is around 1bil piece per year, ranking at 4 or 5 th in the world. Since it conducts a better margin, is it wise for topglove to acquire and topglove said it wan to improved Its market position in that particular product.

In Surgical glove , there are only a few brands in the world, the larger one should be ansell , cardinal or semperit, regent.

During 2013 Adventa(TerangNusa) was valued at 320mil, now 2017 it is not surprised if topglove bought at 1 bil ringgit.

My humble opinion:

It's unlikely for topglove to takeover supermx
TanSri Lim mentioned to the Edge that they're buying a local company which is specifying in manufacturing surgical gloves

I'm in healthcare industry , based on what I know the most popular brand across this ASEAN region might be ADVENTA

Adventa manufacturing plant (Terang Nusa) is in KotaBharu Kelantan, it used to be under the listed company ADVENTA which its share price experience a sharp surge since Friday , probably some ppl already know about it and they go and buy the share.

But in fact , the glove manufacturing plant ( Terang Nusa) under ADVENTA was disposed during 2013 to a company named ASPION, controlled by the same boss of Adventa . The disposal was sealed at a price of RM320 million, during that period their annual production capacity for Surgical glove is about 480mil gloves per year, considered quite big during that time if compared to peers. They're making up to 15% of global usage of Surgical glove.

Topglvoe current capacity for Surgical glove is around 1bil piece per year, ranking at 4 or 5 th in the world. Since it conducts a better margin, is it wise for topglove to acquire and topglove said it wan to improved Its market position in that particular product.

In Surgical glove , there are only a few brands in the world, the larger one should be ansell , cardinal or semperit, regent.

During 2013 Adventa(TerangNusa) was valued at 320mil, now 2017 it isn't not surprised if topglove bought at 1 bil ringgit

Dear wind loud:

Thanks for the input

youre absolutely welcome sir

320,000 MT = 320,000,000 kg

Since every 1000 kg consumes 3kg

Hence, 320,000,000 kg / 1000 kg x 3kg
= 960,000 kg
= 960 MT

IF 960,000 MT, the cost wll be very high
Which means electrode alone also costing RM8billion orefi

You're welcome allbukhary

Henry: 960,000 is kg

https://klse.i3investor.com/blogs/zefftan/133461.jsp

https://klse.i3investor.com/blogs/zefftan/133461.jsp

https://klse.i3investor.com/blogs/zefftan/133461.jsp

https://klse.i3investor.com/blogs/zefftan/133461.jsp

Update : Johor antara steel mill is reviving progressively as many machine repair/maintenance jobs started to call for open tender

July Malaysia metal exports hit 3.03 billion ringgit
June - 2.8 billion ringgit
July 2016 - 2.25 billion ringgit

July Malaysia metal exports hit 3.03 billion ringgit
June - 2.8 billion ringgit
July 2016 - 2.25 billion ringgit

July Malaysia metal exports hit 3.03 billion ringgit
June - 2.8 billion ringgit
July 2016 - 2.25 billion ringgit

July Malaysia metal exports hit 3.03 billion ringgit
June - 2.8 billion ringgit
July 2016 - 2.25 billion ringgit

SSTEEL is using EAF

https://www.platts.com/latest-news/metals/london/graphite-electrode-shortage-could-start-to-bite-26773084

youre welcome

https://www.platts.com/latest-news/metals/london/graphite-electrode-shortage-could-start-to-bite-26773084

Last year loss mainly due to megasteel aka lioncor impairment wrote off

can refer parkson's 6Feb2017 announcement
Stating that Dynamic Horizon ceased to be shareholder by disposing 305m shares (where lion comprised of 250m shares of it)

This happened during quarter 1 but in the last QR there was still included share loss from associate from parkson

If disposed it should be some sort of investment loss during Q1

It seems Hard to predict how much loss from parkson in this coming qr

windcloud: 96m loss is attributable for parkson holding, the remaining is categorized as Non controlling interest.

So for forecasting lionind's share result loss from associate, use 23% x 96m

有麝自然香 何必当风立
let those hater disappear shamefully

To roughly calculate the profit after tax after factoring in potential parkson's 100 mil loss in this quarter:

Take annjoo 's revenue flat as example means the sales didnt drop much:

Assumption Lionind can make 600m revenue:
600m x EBITDA% 13% (constant for past 2 quarters since steel price stablized)

EBITDA= 78m
Depreciation= 26m
Interest expenses = 7m
Parkson loss = 20m

Still got 25m pat

Sorimachi

14.85% is gross profit margin

Revenue - cost of goods sales

如何计算长钢制造商的成本？
我是这样演算的

profit margin = 100 x (profit / average selling price)
profit =average selling price - cost of goods sold
Hence,
profit margin /100 = ( average selling price - cost of goods sold ) / average selling price


打个比方 ssteel
过去的Q1 季度, profit margin 14.85% , ASP 游走于 RM2200 - RM 2340， 取中间RM2270

0.1485 = (RM2270 – x ) / RM2270
X = RM2270 – (0.1485 x RM2270)
X= RM1932 approximate
同样的公式算出：
annjoo的profit margin 21% ， 所以成本约 RM1800
lionind的profit margin 9.6% , 所以成本约 RM2050

结论 ：生产成本每吨 RM1800-2050 之间

这个是毛利率算法

实体盈利还要看 借贷成本等等

由于我不是身处钢铁行业，我是根据mathematical algebra 来计算，希望哪一位大哥可以指点一下是否正确

如何计算长钢制造商的成本？
我是这样演算的

profit margin = 100 x (profit / average selling price)
profit =average selling price - cost of goods sold
Hence,
profit margin /100 = ( average selling price - cost of goods sold ) / average selling price


打个比方 ssteel
过去的Q1 季度, profit margin 14.85% , ASP 游走于 RM2200 - RM 2340， 取中间RM2270

0.1485 = (RM2270 – x ) / RM2270
X = RM2270 – (0.1485 x RM2270)
X= RM1932 approximate
同样的公式算出：
annjoo的profit margin 21% ， 所以成本约 RM1800
lionind的profit margin 9.6% , 所以成本约 RM2050

结论 ：生产成本每吨 RM1800-2050 之间

这个是毛利率算法

实体盈利还要看 借贷成本等等

由于我不是身处钢铁行业，我是根据mathematical algebra 来计算，希望哪一位大哥可以指点一下是否正确

Revenue high doesn't necessary means that it would have the higher sales.
For sales figure still need to dependent on other factors such as sales network, market demand

Advantage of having high inventory is like during this time, when other miller /general industry is out of stock , they are the one who make big money.

Im not in steel sector, so I can't have a definite answer for u, but I'm in retail sector, usually we will follow max-3-months inventories rule of thumb .
Which means if I make 200k sales per month, the most inventories level that I should keep shall not exceed 600k, while optimum level is between 400-600k

In my opinion, There are a few reasons why market give steel ctr low PE :

1. Cyclical nature of commodities
2. Domestic business
3. Market confidence is not there yet

(This is not entirely true , as Pmetal is granted higher PE by market because of its market position in the world , export and worldwide reputation)

According to sifu Leoting, this re-rating will be happening soon to push the sector to higher PE , as earning prospect is vivid for the coming years , and possible high dividend payout which will draw attention of fund managers of institutions to buy the stocks

joe 依然还那么看扁 这股 meh

All of them got their own furnace

Thinking: because I'd been to their agm and I think the company didn't sift into my criteria
I could be wrong bro.

Yeekarwai: Q2 sure not so good , maybe that's why there is no curi-naik in share price prior the result .
But I think after they announce the result , price will slowly reflect the current selling price of their products

Warner: all 3 except MASTEEL

Because people don't have confidence towards it and perceive it as a super volatile business

Long products manufacturer will tend be more beneficial under national infra development as compared to steel service provider (downstream) such as leonfb
Leonfb should be having one off gain 40m in coming result

This assumption is like based on the scenario of "not so favorable "

I can't get exactly how much is the tonnage sold, I could only estimate the revenue based on past two years Ramadan season data.

Can't be too optimistic for this month quarter result, I think as long as profit is more than 20m, market should be no panic on this stock.

To be realistic , this FY17Q4 (which is also Q2 of 2017) is season low due to Ramadhan
Situation of long products market this year 2017 :
Q1 : high price , demand normal
Q2 : low price , demand low
Q3 : high price, demand pick up (happening right now)
Q4 : high price , demand high (expected to be high due to kick start of local infra)

Take past year history as example , their sales will be about 500-600m
Let's say it's 550m
With latest Ebitda % of 13%(it has been 13.x% since two quarters ago ), thus it could translate into Ebitda 71.5m

Minus those other expenses such as depreciation cost which is 26m constantly , interest paid for borrowing 7m, and assumption of parkson loss of 10m, then we can get 71.5 - 26 - 7 - 10 = 28.5m
Minus tax it's around 25m
Translated into EPS 3.6 cent

Hence FY17 eps is equal to approx 18.6 cent
Should be good enough to buoyant current share price

Joetay:
Chill bro
Don't be so aggressive , be humble in investment circle.
Don't always insult other people
Peace

Cl1122, Try to foresee longer period of time , Q2 result we all know is a weak season, but what's happening now already give u a clue that Q3 result will boom due to high selling price , hence higher profit margin

joetay x understand local steel business

Haha