To be honest, and as you all know it, the bourse is full of syndicates and operators and who knows is superinvestor is one of it. But why pay so much hatred to this one particular person?

If jaks really turn out to be a gem and the price shoot up to rm3 and above in 2 years time, will you all actually admit that you lack what siperinvestor have or is it that you will still not give any credit to supperinvestor?

I noticed some people like to constantly counter the arguments / justification of superinvestor. I am not a fan of superinvestor and neither am i his enemy. But whats makes u alll hate himm so much?

Why everyone is so obsessed with catching other readers' attention with long winded posts and explanation? Is it that someone is trying to sell tuition classes? Haha

No one will feel happy for you when you make money. Neither will anyone pity you when you lose it. You are responsible for your own life. So be brave to take up responsibility for your own decision. Dont try to put the blame on other people

Why everyone is so disturbed with superinvestor? He is just another ordinary human. Just get on with your life and investment decision. Forget about the superinvestor

Anyhow, the accounts look much cleaner now and easier to fry to lure and trap all the unsuspecting and innocent mewbies

Is tiger really that good ? If yes, then its previous rights issue wouldn't be greatly undersubscribed. Moreover, it uses the share par value reduction to eliminate its huge accumulated losses. What a cover up!

It's already a relief if the company stops racking up losses, forget about tenths of million of profits

Tiger is nothing more than a speculative frying stock with no fundamental at all.. If you wanna buy, make sure you get out quick before the music stops

Yes, it's a free market. ANNJOO is a good counter too, no doubt about that. Just that try not to mislead the others with unsubstantiated facts and information. Thou shall reap what you sow.. Dxxx@ss

Hunger, I am neither a hardcore fan too. Just that as an adult like you, I wonder why your statements are not substantiated by valid facts or information, instead being vague to be precise.

I don't doubt nor deny that SSTEEL might face limited or even stagnant growth in term of share price this month. What I see is beyond end of this month, not merely speculating on 1 - 2 months time like what you used to do in PMETAL

One last thing, when there are call warrants being issued, the counter will be more volatile as it is more prone to pump and dump in order to sell the call warrants and also to avoid the call warrants being settled for premium in cash by investment banks. Be prepared for a roller coaster ride in ANNJOO from today onward.

Hunger, we shall see which counter will rise more in 3 - 6 months time, that is also if you are still around in ANNJOO.

ANNJOO as of 17 April 2017 : RM2.89
SSTEEL as of 17 April 2017 : RM1.41

Guys, see which counter has a better upside percentage return on investment?? Anyone wanna place a bet?

@Hunger, as far I am concerned, PMETAL's price has increased from RM1.70 as of beginning of January to RM2.76 as of now, generating a return of RM1.06 or 62%. Therefore, I am not sure why you mentioned that you are tired of waiting for the price to increase. With due respect, perhaps you are one of those jumped in late and failed to realise that the counter will factor in any positive circumstance in 3 - 6 months in advance.

Regarding ANNJOO and SSTEEL, SSTEEL seems to be lagging behind is due to its historical loss which creates doubt in the mind of public including you. Besides, the counter is less liquid in comparison to ANNJOO which is definitely more favourable to investment banks so that they can earn more remisier fees for bigger transactions and in order to sell their call warrants which I believe will be issued soon (in fact one already issued today).

There are always 2 sides to a coin, SSTEEL being illiquid and overlooked by public now, when it turns profitable for full year coming June 2017 and starts to be noticed by others, it will rise with a huge leap.

Meanwhile, for all the publicity being placed upon ANNJOO by investment banks, I hope that the counter will generate sufficient return to reward the public and speculators. Otherwise, it will be huge dump for the late comers. Having said that, hopefully you are not one of them as it can be either described that ANNJOO is overvalued now or SSTEEL is being undervalued.

If you have done your homework, you will notice how ANNJOO performs in relation to SSTEEL for the past 2 quarters. Anyway, good luck to you !

One last thing, when there are call warrants being issued, the counter will be more volatile as it is more prone to pump and dump in order to sell the call warrants and also to avoid the call warrants being settled for premium in cash by investment banks. Be prepared for a roller coaster ride in ANNJOO from today onward.

By the way, Hunger, you really does not know the size of SSTEEL in comparison to ANNJOO.. Your statement gave me a good laugh

@Hunger, as far I am concerned, PMETAL's price has increased from RM1.70 as of beginning of January to RM2.76 as of now, generating a return of RM1.06 or 62%. Therefore, I am not sure why you mentioned that you are tired of waiting for the price to increase. With due respect, perhaps you are one of those jumped in late and failed to realise that the counter will factor in any positive circumstance in 3 - 6 months in advance.

Regarding ANNJOO and SSTEEL, SSTEEL seems to be lagging behind is due to its historical loss which creates doubt in the mind of public including you. Besides, the counter is less liquid in comparison to ANNJOO which is definitely more favourable to investment banks so that they can earn more remisier fees for bigger transactions and in order to sell their call warrants which I believe will be issued soon (in fact one already issued today).

There are always 2 sides to a coin, SSTEEL being illiquid and overlooked by public now, when it turns profitable for full year coming June 2017 and starts to be noticed by others, it will rise with a huge leap.

Meanwhile, for all the publicity being placed upon ANNJOO by investment banks, I hope that the counter will generate sufficient return to reward the public and speculators. Otherwise, it will be huge dump for the late comers. Having said that, hopefully you are not one of them as it can be either described that ANNJOO is overvalued now or SSTEEL is being undervalued.

If you have done your homework, you will notice how ANNJOO performs in relation to SSTEEL for the past 2 quarters. Anyway, good luck to you !

Wherever there is calvintaneng, there is always TheContrarian.. what a coincidence..hahaha

And ssteel is most likely to announce dividend when it turns profitable again for the full year

To all the construction companies yet to load up their steel inventories, sorry that there won't be anymore cheap sale for your mega projects

A lot of people is cautious with ssteel due to its loss-making fy2016 and illiquid trading.. But once the veil is lifted coming june 2017, there is no turning back. All the obstacles will be gone

Correction : Wire rod imports safeguard is confirmed today too at 13.9% followed by 12.9% and 11.9% in subsequent years. A big hurray !

Today only announced safeguard duty on rebar imports. There will be another announcement on wire rod imports tomorrow. But most probably the decision will be the same

better trade with caution until the official confirmation is released

newinvestor, please share the link.. thanks

Be prepared for another round of price dumping

A good compilation from Warn3r.. perhaps would just like to insert few additional discussion points:-

1. The current price of steel has not taken full consideration of the demand from customers / construction companies which most probably still have cheap stock from steel dumped in from China previously (should be depleted completely more or less by this month).

2. The government has recently awarded quite substantial infrastructure projects which are expected to commence soon in 2nd half of the year. The construction companies will start to restock their steel supplies soon.

3. The government is encouraging local companies especially construction companies to source materials locally first before looking elsewhere to contribute to our local economic growth. This will further boost the volume if not together with selling price of our local steel manufacturers.

4. In relation to point no. 3, the government will most probably extent the current import tariff on steel products from China in mid-April for the longer term (for the next 5 years at least) to discourage the local construction companies to source from overseas.

5. Regardless of point no. 4, Malaysian construction companies will reduce their overseas supply as the steel imports from China have risen tremendously over the past 6 months due to their local surge in demand and cutdown in supply (as instructed by Chinese government). Chinese steel manufacturers are more willing to supply to their local market now given the higher selling price and lower logistics cost.

6. Although RM has been depreciating these few months against USD, Southern Steel's management (part of the renowned Hong Leong Group) has stated their continuous cost-cutting / management effort in ensuring a sustainable and profitable return as stated in their latest annual report and quarterly reports. Words coming from such prominent leadership is much more reliable than other individuals who might have less weightage in their unproven track record.

Having stated the above, I reiterate my strong faith in the performance of the Company for the coming year and hopefully many more years to come ! Cheers !

I have been following closely on our local steel market development lately. From my personal view, although the current steel price might have reached its peak, the price should be sustainable above RM2,000 per MT especially with the forthcoming demand of steel for construction of mega projects awarded recently.

These information are extracted from MITI weekly bulletin. You can refer to MITI website. It is more meaningful in directly reflecting the steel market performance in Malaysia compared to other foreign steel market price performance

For those who still have doubt, the following info might be of use to you all :-

Price of steel bars in Malaysia for Jul - Sep 2016
Jul 15 : 1,930
Aug 12 : 1,990
Aug 26 : 1,990
Sep 2 : 1,950
Sep 9 : 1,870
Sep 26 : 1,850

Price of steel bars in Malaysia for Oct - Dec 2016
Oct 7 : 1,950
Oct 14 : 1,950
Oct 28 : 1,900
Nov 4 : 1,930
Nov 11 : 1,980
Nov 18 : 2,150
Nov 25 : 2,200
Dec 2 : 2,200
Dec 19 : 2,430

Price of steel bars in Malaysia for Jan - Mar 2017
Jan 6 : 2,430
Jan 13 : 2,350
Jan 16 : 2,350
Feb 3 : 2,330
Feb 13 : 2,350
Feb 17 : 2,350
Feb 26 : 2,300
Mar 3 : 2,300
Mar 13 : 2,290
Mar 17 : 2,290

Jul - Sep 2016 recorded EPS of 4.60 sen
Oct - Dec 2016 recorded EPS of 8.67 sen
Jan - Mar 2017 recorded EPS of xxx sen

You guys try to guess what xxx figure should be !!!

Hahaha !!!

The victims are those innocent yet greedy speculators who are lazy to do their homework

Actually stock price no change, only people and mood changes... Hahaha

They are waiting for the announcement of longer term import duty for rebars and wire rods in mid april. That is the time when the beast will be unleashed !

Moreover, companies like ann joo

I agree with Albukhary, I expect it to wait for another quarter especially when it is confirmed the average rebar and billet's price maintained at the peak

There won't be any more par value from now onwards

For me, will start to sell tomorrow.. If drop, pauses a while.. When it rebounds, continue selling

No, forex does not work in that way. There is no major improvement in forex rate, so no significant gain is expected. Just that there wont be any forex loss either

Yes, JJchan's comments are all deleted overnight ! Something fishy !

He said his words are being watched by others. Perhaps he is the one watching over and manipulating us? Hahaha

At times he said he bought through remisiers, but at times he said he was busy clicking on his own

You are spot on, IronShirt

No wonder then that is how a Beary behaves.. Luckily it doesn't go by the name Bully.. Haha

To certain extent, i do agree

All jokers

What are all these unfounded discussions? Limit up? Limit down? Average price 1.10? Caught off guard? Speculator?

moneySIFU sold all SSTEEL already?

Is RM3.50 per 100 units of shares, or per 1 lot of shares