The Masteel boss buy from outside market @1.51(10% discount from yesterday closing), looks like buy back from those previous PP?

With 2 times bonus share issue & 10% PP, Masteel issued share was significantly increased from merely 230mil to 420 mil share, almost double.

Masteel market value one year ago is still stand at 170 to 180 mil, now is 500++ mil, 300 % increased.

I think the Masteel management will try their best to increase their market value, if there is chances to do merger & acquisition, thus maximise their ROE and shareholder interest...

we as minority shareholders of course feel happy and need to thanks management effort.

If someone have interest to take over Masteel, what is your thinking?

This idea has been proposed & discuss quite some time....It is possible to have M&A in steel counter....

Imagine Annjoo take over Masteel??

Masteel Boss start to buy share 2 mil share is about 0.63% of total share.

I think today he may go sapu again.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5669305

26th Dec 2017 till 18th Jan 2018 (3 weeks)
Southern Pricing :
Y16-32=Rm2700
Y10,12,Y40 &R10 =RM2850
R6,8,12,16,20&25=Rm2900 (No Stock)

Amsteel Pricing :
Y16-32=Rm2700
Y10,12,Y40 &R10 =RM2850
R6,8,12,16,20&25=Rm2900


Refer Edward brother today update:


edward123 Dear all Bro, Price is the same for the past 2 weeks, no change only shortage for small size rebar

Aslim, good analysis, clear many people doubt on steel counter

The 2,700 price level is the highest price for the past 10 years.

Masteel is going to deliver a stronger Q4 profits compare Q3.

Not even that, Q1 2018 is going to have much higher profit than Q4 2017.

1. Strengthen malaysia currency is lowering their scrap metal material cost.
2. Increasing market demand which is reflected from the market price 2,700.
3. Masteel will give bonus share 1:3 on Q1 2018.
4. Benefit on relised gain on forex from Q4 17 to Q1 18.

26th Dec 2017 till 16th Jan 2018 (3 weeks)
Southern Pricing :
Y16-32=Rm2700
Y10,12,Y40 &R10 =RM2850
R6,8,12,16,20&25=Rm2900 (No Stock)

Amsteel Pricing :
Y16-32=Rm2700
Y10,12,Y40 &R10 =RM2850
R6,8,12,16,20&25=Rm2900


Refer Edward brother yesterday update:


edward123 Dear warmblood, price no change for 2 weeks already, stable at the moment.
15/01/2018 14:38

Henyuan lead the market into bear situation drop 11% -RM1.60, i guess many margin call counter have force selling.

Market will rebound for sure.....

Masteel may hit lowest 1.55 today, go and grad the opportunity

look like many counter attack by margin call

Normally, Masteel will announce dividends after they have announced their year end result Q4. I don't think they will have any dividends announcement on Jan to Feb 2018, if have then is another good news.

From their 2017 Q1 to Q3, most of their profit is utilised for loan repayment, and they keep very minimum cash position, therefore, their intention is to pay loan as priority in order to pare down their finance cost much as possible.

We all hope that management should increase their dividends payout at least 25% with the better business environment in year 2017 to 2019.

China Rebar today up 5.16% from CNY4171 to 4400, Strong rebound,

Malaysia Rebar is most likely to maintain RM2,700 till March 2018.

My personal estimate ASP for Q1 2018 will be a record price more than RM2,600++

For current situation, Any price below 1.75 consider a buy call. Buy as much as possible. Don't bet with loan, margin for safety purpose.

Latest news from brother Edward, Rebar price unchanged from last week till today, maintain RM2700++, good news.

Q4 ASP closed 2500++, compare Q3 2350, increased 6.4%,

My estimation on Masteel sales revenue should more than Q3, should be higher than RM420 mil x higher NP margin 7% total Net profit 30 mil

Plus realised gain estimated another 10mil so total is 40mil

14+10+38+40 = 102 mil

current price 1.69, EPS= 32.3, PE=5.23

Use 8 times TP = 2.58

either price drop to 1.70/1.65 for me just a matter of time to go uptrend.

price may stay there 1.60 to 1.75 for months, but i am sure they will above 1.82 again before bonus issue on Mar 2018

I do not use TA to invest, i prefer FA as value invester.

I hope Masteel management should increase their dividend pay out ratio from current 10%-15% to at least >25%, this will help to push up the share price higher also...

Attract more fund manager to invest in Masteel.

Invest without patient is hard to earn big money.
Contra traders is hard to earn money even Masteel is on uptrend mode.
My TP towards 2.67 as per my earlier comment is still intact and look positive.
Price on 27/09/17 was 1.35 to now 1.77.
However, still on low PE once we count in Q4 results which estimate higher than Q3 results.
Therefore, current 1.77 for me i count its PE = 5.3 only
Still cheap.....



Stock: [MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD

Sep 27, 2017 08:31 PM | Report Abuse

If calculate today up 15 cents is equal before Ex bonus up 18 cents.
This signals showing "strong buy" and i can tell u Masteel can easily have strong profit as below:

1Q 17 14mil
2Q 17 10mil
3Q 17 40mil (EST)
4Q 17 40mil (EST)
Total 17 104mil
Total share after bonus 311mil
EPS = 33.4 cents

I use super LOW PE for our super conservative Malaysia fund manager for steel sector X 8 times = New TP RM2.67 (IF in china average PE15, can get RM5.01)

Compare RM1.35 today, potential of 97% profit........Don't waste this Golden Opportunity.......Once may happen in your life time only.

**Note = Malaysia Fund manager no dare to chase high PE one for steel sector - as they Mark"High Risk"

Means the tentative bonus ex date will on 1st week of Mar 2018, therefore it will be after Q4 result out on End of Feb 2018.

If Q4 results better than Q3 reults, Masteel TP 2.50 is not far away......

8. ESTIMATED TIMEFRAME FOR COMPLETION AND TENTATIVE TIMETABLE FOR
IMPLEMENTATION
The tentative timetable for the implementation of the Proposed Bonus Issue is set out below:-
Month Event
29 January 2018  Convening of EGM to obtain the approval of shareholders of Masteel
for the Proposed Bonus Issue
Early March 2018  Announcement of the Entitlement Date for the Proposed Bonus Issue
 Completion of the Proposed Bonus Issue
Barring any unforeseen circumstances, the Board expects the Proposed Bonus Issue to be
completed by the first half of 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650849

Masteel circular for Bonus issue have been confirmed.

yes, my one month TP 1.72 @ 13/12/17 only today meet.....anyway congra to all brothers here......

Not far from my RM2800 estimation........

Sharing from Edward Brother.....This year new high... Break many speculator bad market estimation!!!! Who say malaysia steel market demand drop, no demand????? Market Price is the only way to react the correct trend!!!


edward123 Announcement
21st Dec 2017
Southern Pricing : (Afternoon) Up Rm40/Mt
Y16-32=Rm2690
Y10,12,Y40 &R10 =RM2840
R6,8,12,16,20&25=Rm2890 (No Stock)

Amsteel Pricing : (Morning) Up Rm40/Mt
Y16-32=Rm2690
Y10,12,Y40 &R10 =RM2840
R6,8,12,16,20&25=Rm2890

Price gap btw China & Msia is Rm500/Mt, still on uptrend
21/12/2017 16:25

Thks Edward brother for your update...

Really need to treat u special lunch... Mind to pm me yr contact?

Index drop 15 points, sentiments is weak of course drop

Latest Sharing from Edward brother, Amsteel just increase price following S/Steel price.


edward123 Revised Announcement by Amsteel

18th Dec 2017
Amsteel Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2630
Y10,12,Y40 &R10 =RM2780
R6,8,12,16,20&25=Rm2830 (No Stock)
18/12/2017 10:35

Edward, thanks again for your update.

Looks like Amsteel always follow S/Steel price. Market supply is tight now?

Is there any shortage of Rebar in malaysia currently?

Malaysia Rebar Price:

18/11/17 RM2370
18/12/17 RM2630

One month already Up 11%

As i said every 1% increase in selling price will significantly increase Masteel NP.

The last selling price rally on October'17 shoot to 2,700, can it break this year record?
Hope can break 2,800 and sustain till 31/03/18.

So happy to know that malaysia Rebar price has increased again from lowest beginning of Nov RM2,300 to now RM2,520, up almost 10%. These is so great news to Steel Counter.

Steel counter theme will start again.....My this month TP 1.72 not far away......

If the scare of rebar supply happen in china, will it be imported from malaysia?

The answer is yes....possible.....

If the tight supply continue from Dec 17 to Mar 18, that is 3 months time. So the china market may source it from malaysia....as we are one of the cheapest price RM2,500 (CNY 4,050) in the world now....

Now average China steel price= 4979 ( http://m.steelphone.com/app/map/ )
Equivalent to RM3,073

If this happen..... Rebar price in malaysia may shoot rocket high from 2500 to 3000 within 1 month.... The demand of china is very huge even just a one percentage of their inventory, can be 7 mil tonnes(1%), this is Masteel whole year capacity....

It is just my imagination only... but make sense....

If Rebar price can shoot to RM3,000 per ton, Masteel can shoot to RM2.70 without a dream....

My 2 cents comments.

Closed at 1.44 today, finally rebound....

Rebar price keep uptrend with strong ringgit currency, 2 factors enough to cover all recent bad news....

Plus bonus issue & coming Q4 record profit (>30 mil), easily to above 1.50 by this week, may hit the highest 1.60 within this month.....

Congra all brothers, cheers................

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL ("MASTEEL SHARE(S)" OR "SHARE(S)") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING MASTEEL SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
We refer to the announcement dated 23 November 2017 in relation to the Proposed Bonus Issue. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.



On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Bonus Issue has been submitted to Bursa Securities on 11 December 2017.

Sharing from brother edward123, uptrend continue, congra....


edward123 8th Dec 2017
Southern Pricing : (Morning) Maintain
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680 (No Stock)

Amsteel Pricing : (Afternoon) Maintain
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680

11th Dec 2017
Southern Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2500
Y10,12,Y40 &R10 =RM2650
R6,8,12,16,20&25=Rm2700 (No Stock)

Amsteel Pricing : (Afternoon) Up Rm20/Mt
Y16-32=Rm2500
Y10,12,Y40 &R10 =RM2650
R6,8,12,16,20&25=Rm2700
11/12/2017 10:57

Thanks brother edward123.

http://www.sinchew.com.my/node/1708803/%E9%92%A2%E9%93%81%E4%BB%B7%E7%9C%8B%E6%B6%A8%E2%80%A7%E9%92%A2%E9%93%81%E8%82%A1%E6%9C%AB%E5%AD%A3%E4%B8%9A%E7%BB%A9%E6%96%99%E5%BC%BA%E5%8A%B2

30 mil is operating profit, exclusive realised gain in forex....

Q4 ASP confirm is higher than Q3, demand also there as Edward brother mentioned few size has insufficient stock situation now...

Who said the demand will drop?

malaysia Rebar price being uptrend from lowest RM2300 Nov17 to now RM2480, already up 7.8%

The every 1% up in the revenue can produce very significant profit.....

My estimation on Q4 should be > 30 million.

Sharing from brother edward123.....

edward123 7th Dec 2017
Southern Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680 (No Stock)

Amsteel Pricing : (Afternoon) Up Rm20/Mt
Y16-32=Rm2480
Y10,12,Y40 &R10 =RM2630
R6,8,12,16,20&25=Rm2680

Price of Rebar still uptrend
07/12/2017 11:12

Thanks, brother edward123.

OTB, Great results!!! Earn so much all few hundred %.....

This joeshare really don't know anything, i am lazy to explain to him.
知少少拌大表。。。。。speedless....

Continuous update the China Rebar price to tell your people how serious tight supply happen in china market now:

The steel sector will boom very fast, it will SUPER SUPER out of your expectation, The steel factory will be "future" printing money factory"

Not Believe , up to you.

This is my last update for China Rebar Price.


STC1136 China Rebar Today Closing new high CNY4,912 = RM3,013 per ton.
More than RM3,000 in China now, already up 25% since 01/11/2017.
04/12/2017 18:46



STC1136 29/11 CNY4,593 = RM2,852 per tons.

Today Closing break record again,

30/11 CNY4,745 = RM2,947 per tons
30/11/2017 19:02

Thanks for Henly sharing...

One statement from Bloomberg very important:

"The backdrop of surging steel prices and lower output in China is a boon for mills, both on the mainland, which makes half global supply, and beyond. ArcelorMittal has said the upswing “should be a multiyear phenomena.”


Keyword : multiyear

The high Rebar will sustain for at least 2 to 3 years.

Tell u, this 2 to 3 years High Rebar Price can earn morn than its past 10 years profit ......

Grad this golden opportunity!!!!

Below is a brother Kinz's sharing info on Annjoo price going to up another RM30 per ton on 07/12/17. Rebar price has increased continuous since 2 weeks ago?
Don't know true or not, who can confirm the current Rebar price now? Is it RM2,500 now?


Kinz This 2 week steel bar price up a lot , 7th Dec will up another RM30/Mt based on today price , Annjoo quotation .
05/12/2017 16:46

Joeshare, ok lah, you win....

Nobody dare to against you, old man with white hair.....

Hope your dream can come true, Masteel Drop to RM1 and below.....

Hahahahaha

If you really think steel counter has very negative future outlook, post the same thing to Annjoo, Southern Steel and Lion Industries.....

Why only point to Masteel only?

Why make you so care about the counter you not invested, then repeating to come here to ask plp sales even has been dropped from 1.50++ to 1.3++

You must be very happy as the market really follow your advise.

But I don't think your judgement is correct and many of us here.......

Mind my words here, Masteel will fly again to 1.60++ before 28/02/2018.

The Q4 results definitely is better than Q3 23 millions.

Putting oil into the fire...火上加油