OOMMGG

OOMMGG | Joined since 2016-01-14

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Stock

2017-03-28 13:51 | Report Abuse

Government know better what is the consequence of fully removing of safeguard import duty. If not maintain the current rate of safeguard import duty, some sort of protection must in place to protect local steel industry. This is government resonsibility to ensure survival of local steel industry to continue support local infrastructure building and development of property.

Stock

2017-03-28 08:16 | Report Abuse

If safeguard duty still there, l think steel maker to be no issue to be remain profitable in foreseeable future.

Stock

2017-03-28 08:10 | Report Abuse

OOMMGG Gwansoo, you are right. Steelrebar price steadied as per one week ago. Note that scrap iron is experiencing price increment from FEb to one week ago. This may due to what mentioned by leoting that steel maker are competing each other to secure iron scrap as demand more than supply.

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2017-03-27 22:36 | Report Abuse

It is cheap, but hopefully can get cheaper ^_^. Thanks Leoting for the sharing.

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2017-03-27 22:22 | Report Abuse

However l think it is good to think to enter after price correction.

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2017-03-27 22:17 | Report Abuse

I not too aware of steel industry but I don't think China will let steel industry to crush again. They are doing all they can now to revive the steel industry and prevent the overcapacity from happen again. Beware this 2 year out of their 5 year plan.

Stock

2017-03-27 22:03 | Report Abuse

Leo ting, how big impact of China steel price on local steel price?

Stock

2017-03-27 21:51 | Report Abuse

The steel rebar price provided by gwansoon is looked steady at 2.1 to 2.2k. Isn't it should drop as steel price in China market.

Stock

2017-03-27 21:42 | Report Abuse

How much the steel rebar price dropped in Malaysia market in the same period?

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2017-03-27 21:40 | Report Abuse

Iron ore price also slumped terribly and even deeper than steel rebar price. In this case will the steel rebar margin getting better?

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2017-03-27 21:25 | Report Abuse

Heaven123, any reason why the game is over?

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2017-03-27 19:55 | Report Abuse

Two director confidently bought in open market.

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2017-03-22 21:04 | Report Abuse

PWF is Good to have alook

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2017-03-04 19:48 | Report Abuse

Short term will be good for consumer as competition get intense. However in long term , the stronger will stay strongest and might monpoly the market which is not good to consumer.

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2017-02-23 07:26 | Report Abuse

Look like steel rebar price will remain strong until next year.

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2017-02-22 18:13 | Report Abuse

Exclude forex loss, the result is the best Q in a year.

Stock

2016-11-30 19:39 | Report Abuse

A low profile , potential stock.
Just do a rough estimation, with another quarter/coming 4Q, EPS will become 9 to 10. With PE of 13, it values in between 1.17 to 1.3.

Stock

2016-11-30 09:15 | Report Abuse

Solar industry is in down cycle. May take sometimes to recover. No rush to jump in now. Be patience, opportunity is always there.

Stock

2016-11-29 18:36 | Report Abuse

Good to have thoroughly check.

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2016-11-29 18:29 | Report Abuse

Beware on Solar segment contribution. It may not recover so soon in next quarter.

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2016-11-23 17:18 | Report Abuse

Close to 75%. Get another 15%, minority holder will at loss.

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2016-10-13 15:25 | Report Abuse

Ringgit likely to trade in the RM4.15-RM4.30 range

BY S. PUSPADEVI


KUALA LUMPUR: The ringgit is expected to trade between RM4.15 and RM4.30 against the US dollar by year-end, according to an economist and investment strategist.

IQI Group Holdings chief economist/investment strategist Shan Saeed said if China continues to lower the yuan, the ringgit including other currencies such as the rupiah, dong, baht, Philippine peso and Singapore dollar may trade lower.

He noted that market observers and policy makers were now adopting the wait-and-see approach based on China’s monetary policy changes, the looming US presidential elections on Nov 8 and likely interest rate hike by the US Federal Reserve.

“With market forces determining the ringgit rate, the currency will likely be in the long range and might trade between RM4 and RM4.30 in 2017 and this is still fair value. But this will depend on crude oil prices,” Shan told StarBiz.

Despite China’s economic slowdown, the country would still be the driver of the global economy, Shan said, adding that its recent move to lower the reference rate for the yuan was inevitable, as part of the process in revisiting its economic strategy to keep growth momentum. “The yuan will continue to stay low and we will not be surprised if it touches between 6.90 yuan and seven yuan against the US dollar in the first quarter of next year.

“We foresee a few changes in China’s monetary policy structure by the first quarter,” said Shan, adding that policy makers will be monitoring the yuan movements closely.

On Oct 10, the ringgit fell to a four-month low against the greenback following China’s move to lower its reference rate for the yuan, bringing the yuan to the lowest level against the US dollar in six years.

Stock

2016-10-13 15:08 | Report Abuse

Ringgit likely to trade in the RM4.15-RM4.30 range

BY S. PUSPADEVI


KUALA LUMPUR: The ringgit is expected to trade between RM4.15 and RM4.30 against the US dollar by year-end, according to an economist and investment strategist.

IQI Group Holdings chief economist/investment strategist Shan Saeed said if China continues to lower the yuan, the ringgit including other currencies such as the rupiah, dong, baht, Philippine peso and Singapore dollar may trade lower.

He noted that market observers and policy makers were now adopting the wait-and-see approach based on China’s monetary policy changes, the looming US presidential elections on Nov 8 and likely interest rate hike by the US Federal Reserve.

“With market forces determining the ringgit rate, the currency will likely be in the long range and might trade between RM4 and RM4.30 in 2017 and this is still fair value. But this will depend on crude oil prices,” Shan told StarBiz.

Despite China’s economic slowdown, the country would still be the driver of the global economy, Shan said, adding that its recent move to lower the reference rate for the yuan was inevitable, as part of the process in revisiting its economic strategy to keep growth momentum. “The yuan will continue to stay low and we will not be surprised if it touches between 6.90 yuan and seven yuan against the US dollar in the first quarter of next year.

“We foresee a few changes in China’s monetary policy structure by the first quarter,” said Shan, adding that policy makers will be monitoring the yuan movements closely.

On Oct 10, the ringgit fell to a four-month low against the greenback following China’s move to lower its reference rate for the yuan, bringing the yuan to the lowest level against the US dollar in six years.

Stock

2016-10-13 10:36 | Report Abuse

USD touching 4.2 against RM

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2016-10-12 16:32 | Report Abuse

Yuan will further depreciate against USD

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2016-10-11 16:06 | Report Abuse

Yuan depreciated against USD

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2016-10-10 17:39 | Report Abuse

Actual impairment writedown last year due to fire is 9 million plus only.

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2016-10-10 17:35 | Report Abuse

Homeritz, hevea & pohuat trending higher recent.

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2016-10-10 17:33 | Report Abuse

Plus forex gain, it will improve bottom line in coming quarter result

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2016-10-10 17:28 | Report Abuse

Pohuat got final fire insurance compensation of RM2.25million. This amount will be treated as "other income" in next quarter result. Syabas!

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2016-09-01 15:14 | Report Abuse

The wicked diminished to dust.

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2016-09-01 15:11 | Report Abuse

Nice rebound

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2016-09-01 07:57 | Report Abuse

Airasia being crashed from 1.34 to 0.78 in 2.5 weeks time last Aug. Now airasia broken 3. Take a lesson learnt from AA. Ignore short term fluctuation.

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2016-08-31 17:14 | Report Abuse

Sell at higher price, buy back at lower price.....this is how some aspired. Not verytime they can do it successfully.

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2016-08-31 11:53 | Report Abuse

陳炎said the right thing.

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2016-08-31 11:49 | Report Abuse

Let saltedfish and robert do their job, we're harvesting their efforts.

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2016-08-29 10:18 | Report Abuse

Why scare of salted fish? Afterall it is a dead fish only.

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2016-08-29 10:16 | Report Abuse

Very unfortunate salted fish may be soon be paralysed.

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2016-08-29 10:07 | Report Abuse

If history repeat like last year 16 DEC....let see

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2016-08-29 10:04 | Report Abuse

Very likely US to rate hike before end of this year. Just wondering how the market will respond to furniture stock if RM being beaten down again.

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2016-08-28 12:59 | Report Abuse

2nd wave ???

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2016-08-25 12:29 | Report Abuse

Enjoy accumulation.

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2016-08-25 10:55 | Report Abuse

All hater, attacker are coming now

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2016-08-25 08:00 | Report Abuse

The more selling, the better value of hevea. Those wanna please sell loh.

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2016-08-24 07:26 | Report Abuse

Any drop is good time to accumulate more. Don't mind to fishing salted fish in ocean if there is a chance .

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2016-08-23 21:56 | Report Abuse

Those want to fishing at lower price may similar to fishing salted fish at ocean.

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2016-08-23 21:54 | Report Abuse

The result is commendable. I don't think it will have big drop tomorrow.