Armada, Sapnrg, fong siling invested?

https://www.theedgemarkets.com/article/poh-huat-3q-earnings-22-furniture-orders-shift-southeast-asia-exporters-amid-trade-war

https://www.orientaldaily.com.my/news/business/2019/07/17/298646

Layhong didn't hedge on raw material...?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6167517

Scary press down. Fundamentally still intact.

It should run above 1.2 as the egg price to be stable this year.

If no unexpected circumstance, LTKM result will follow Teoseng, the best ever result in decade.

The weakest quarter normally is 2nd quarter....

Egg business is cyclic stock, got quarter the egg price is strong and the other quarter is weak. So comparison based on preceding quarter is not appropriate. Y to Y quarter is most appropriate.

My target 2.5 to 3 EPS for 2Q.

Quarter y to y still much better but compare to previous q it definitely unbeatable

No worry, egg price remain stable and profitable. The current egg supply and demand balanced unlike last year.

莫非现有的下跌都是为了稍后更好的上涨，让我们拭目以待！

Edward123, thanks for sharing. Take care.

Leoting sharing lot of info to us, he did doing a big favour to us.

If we make a mistake in investment, don't blame other. Take urself responsible and find out the reason of mistake, improve it and move forward.

Q3 is the reverse of Q2 scenario.

Abbd, l explained before. We make a mistake in Q2 as we overlooked the high material cost in Q1, low rebar price in Q2.

Gross profit margin reduced in significantly but unfortunately all eye just focus on recovery of steel industry and its prosperous/ upbeat future.

I suggest all of us do a calculation for past 6 q, then we'll know what happen to gross profit margin for past Q.

Higher profit is expected on Q3.

Albukhary, it can be 1 & 3. In Q2 result, it is 1, therefore in Q2 result, l addressed it as used all the high cost material secured in in Q1.

Abbd, based on the recorded low raw material cost in Q2, and high rebar price in Q3, the insider sauce you are convinced is not convincing at all.

In investment, I'm trusting based on actual data not hearsay.

Low cost raw material secured in Q2 and used in Q3. What is rebar price in Q3, everyone know about it.

This resulted higher gross profit margin in Q3

He has no solid data to back his claim. A typical naysayer?

Sharebuy back before Q result release. Look promising.

Graphite electrodes price increase will be sufficiently cover by increase in rebar price.

Look at ssteel inventory for past quarters, they alway prepare enough raw material for next quarter. 2Q inventory can almost cover 3q demand.

The info l got is very tally to what shared by Edward123 in Annjoo forum.

Property developer and construction company have been pre inform by steel company about the price revise start from Sep. This revise will bring price shot up to RM2600/mt. This price could probably be further revise upward on coming one or two months and could therefore stay at this high level until first quarter of next year.

How is the price trending thereafter will depend on next year prevailing steel market condition.

Edward123, l have getting the same info as you. Property developer and construction company have been pre inform by steel company about the price revise start from Sep. The price will further revise upward on coming one or two months and could stay at this high level until first quarter of next year. How is the price trending thereafter will depend on next year prevailing steel market condition.

Mr pauper, thanks for info .

You are right , consumption of electrode for steel milling is about 0.4 kg to 2 /mt

Zexon, my typo error, electrode price is 15k to 20k / mt

Current price is 15 to 20/mt

Mr pauper, where you got ithr nfo of electrode price increases to 7 fold?

Added by contribution from Leoting, Edward123, among of us we can be assure of in safe play.

VenFx, learnt lesson in Q2, Q3 is safe underway.

Q4 will definitely in safeguard plan ^_^.

zexon, if the demand in Q3 is robust and much better than 1q, conservatively it can easily over EPS 9

Mrpauper, in our eye of small retailer we are instinctly calling it wrong / inappropriate strategy on why management is unwise to secure so much raw material at high price as we do not apprehend what is the reason behind it.

One of the reason could be what you mentioned.

We make a mistake in Q2 in conclusion that higher inventory holding in q1 is probably the winner in Q2. We are proved wrong as rebar price reversed from high in Q1 to low in Q2 which caused gross profit margin greatly reduced. This change have great impact on ssteel but lesser in others.........

Q3 will be a reverse situation for ssteel. It would greatly benefited from high low cost inventory secured in Q2 while enjoy a best ever high rebar price recorded in Q3.

A very good lesson learnt in Q2

Exclude Annjoo, who will be commanding the highest EPS among Masteel, Lionind & masteel in coming Q3?

In Q2, we knew among these 3 who will be commanding the best EPS achievement.......

The one that holding the highest inventory in Q1 no doubt that to be loser in Q2 but the one that holding the higher inventory in Q2 will one of the best winner in Q3.

Q2 rebar price is weak, and q3 rebar price is extremely good. With ssteel inventory strategy then you will know what will happen on next Q3.

Annjoo is the best because it is having two swords.

Basically masteel, ssteel and lion steel is using same technology, the difference in their inventory strategy will make a difference in their gross profit margin.

Ssteel Q2 result is not satisfactory due to it secured all the expensive raw material in Q1 and used it in Q2. For coming q3, it is doing the same but this round is using all of cheap raw material secured in Q2 and used in 3Q.

With low raw material cost and higher rebar cost, the profit margin will enlarge in coming 3q.

Rebar cost is now breaking the record high, we can expecting 3q result to be as good as 1q or even better.

Leslie, if your puzzle is unsolved, you won't able to make any progress. Better not invest until you have solving the puzzle.

warn3n, syabas!

If you fear or confuse, 1.57 probably still expensive. If you understood and knew what happened, 1.9 can't say is best/ lowest entry point but is fair to collect some.

Just let him to wait 1.57, we collect first

Edward thanks for your sharing

Unfortunate for those sincere investor who enter at 2 above. Must hold some time to recover