Unicorn, do some research before commenting..lol

Manage to buy some too.. Bullet is running out soon.. Almost fully loaded

Dumping CSC to buy SSTEEL ???

It might go as low as 1.32 before rebounding.. Just go for one last bargain spree

and SSTEEL

The price maybe will drop a while then someone will accumulate for the dividends. Meanwhile, i guess this quarter should see a better profit in long steel producers, namely ANNJOO

Why rally in steel stocks is far from over

http://www.theedgemarkets.com/my/article/why-rally-steel-stocks-far-over

Why rally in steel stocks is far from over

http://www.theedgemarkets.com/my/article/why-rally-steel-stocks-far-over

http://www.thesundaily.my/news/2156225

http://www.thesundaily.my/news/2156225

https://www.bloomberg.com/news/articles/2017-02-10/arcelormittal-profit-jumps-20-as-steel-iron-ore-prices-rally

https://www.bloomberg.com/news/articles/2017-02-10/arcelormittal-profit-jumps-20-as-steel-iron-ore-prices-rally

Then mind to share what do you see that others don't ?

My call for 3 months - 2.50 to 3.00

Come join us !

What is the same thing? Mind to share?

Perhaps CAP will be the strategic partner of GEELY in M'sia ? Hahaha !

There is no point of pp and suddenly selling it.. With the help of the foreign fund, it is not about play play.. And the transaction cost is so high.. where did you get the idea from?

So what is the lowest price to buy?

At 18.5 cents said it can't get lower..

Out of a sudden said wait for 15 cents and buy again..

Next???

Albukhary, it doesn't matter if it is a small or big potato, we are all potatoes compared to the big players..haha..

Most importantly, we all make money at the end of the day..

In SSTEEL, together we trust, together we thrust !

Albukhary, it means that your average cost is much lower too and you will gain a huge percentage of profit compared to me.

All you need to do now is wait patiently to reap your rewards. Cheers !

There are still ample of time for further accumulation then.. great !

Let's take a guess guys..

Which EPS you think SSTEEL will achieve this coming quarter result?

4 , 5 , 6 , 7, 8 , 9 , 10, 11 , 12 , 13 , 14 , 15 cents ?

Hahaha !

I will be happy to take more or less a correction of around 2.65, nothing lower than that

The fund managers are simply unable to enter and exit a counter with such ease as retailers when the fund asset companies could have easily become a substantial shareholder in a listed company given the amound of fund they manage.

Anyhow, the TP reports released by investment banks are one of the methods used by fund managers to obtain a smoother entry or exit from a counter

Congratulations to all who are holding one and only one PMETAL !!!

From above RM3 to below RM2 is equivalent to almost 40% drop.

Which good stock will drop for 40% in a neutral or picking up market season when the EPS are sustained on each quarter?

I really wonder

Good stocks are not cheap and cheap stocks don't come good

It will need to break 1.43 to lure traders in to provide short term liquidity.

To do that, it will require an imminent decent result which is quite reasonable to achieve.

All we have to do now is buy on slight retrace between 1.32 - 1.34 and wait for show with popcorn ready.

Haha, you can sell the 5 lots @ 1.35 to bring up the price again and dispose the odd lots at the same time, killing 2 birds with a stone. By the way, seems like it is alternative day play between ANNJOO and SSTEEL now.

Wow, if only 3.7m then we will have a good show ! Hahaha !

Great closing ! Wait SSTEEL to breach 1.43 ! And then we will skyrocket to the moon !

The life of a gambler !

Yeah, add more and go broke faster !

Actually I am actively searching for more information regarding HRC production by Southern HRC Sdn Bhd but to no avail. The only information that support the HRC production is an article from The Star dated 10 September 2016.

http://www.thestar.com.my/business/business-news/2016/09/10/megasteel-closes-banting-plant/

Yes, please do fly without me

Haha, is this a tip or trick ?

I just hope there won't be anymore inventories write off as previous 2 quarters. That would be good enough

Cannot, price already matched at 0.405 for closing. Don't worry, wait for next week 0.60

moneySIFU, you can continue accumulating today. The operator is purposely throwing for free.. haha

Fake volume

If the current steel price can be sustained, it is relatively easy for Ssteel to achieve quarterly EPS of 10 - 12 cents

Thus far, Ssteel is benefiting from recovery of price => Improvement in margin

But soon, it will start to benefit from recovery of volume => Improvement in total contribution

When there is recovery of both price + volume => Huge improvement in Profit !!!

Actually the average local steel price for 4Q16 was slightly better than 3Q16, so it is anticipated that the profit margin and earnings will reflect this.

But what is more interesting is that the average price throughout January 2017 thus far is already equivalent to the peak level back in April 2016. If only this price level can sustain or better still continue to improve gradually throughout 2017 given the full utilisation of cheap imports by now, the impact is massive !

Embracing for a much much better 2Q17 and 3Q17 !!! Cheers !

It could be due to gradual recovery of RM, bad outlook for exporters in the long term. Traders started to take profit already, not willing to test historical high of 1 year ago

It is true that IBs might be buying among themselves at the moment.

But what is the point of pushing up the price now if there are no sufficient retailers to buy from them ?

Unless this quarter's performance is able to go beyond expectation, otherwise will just be so-so especially 2nd and 3rd quarters lurking around with very dull performance historically

blueocean88 everyday also very confident of 0.4 the following day.

Tomorrow, tomorrow and tomorrow

Yeah, you should buy more

I am not sure how much it can fly after this, but by the time TF exercised its right to repurchase swapped AAX shares through TGSB, I reckon the price will be above 0.400 as they wouldn't want to pay for such a high premium for a cash flow loan fund

But one of the IB values UMWOG at around 68 sen only. So could be either cashing out 8 icon shares @ RM4.00 in total or exchange for 5 UMWOG shares fair valued @ RM3.40 for the short term