joeshare = kyy, almost similar & its writing pattern....

Edward, please help to update the current Rebar price.

Edward, please help to update the current Rebar price.

for 14 mil share trade today consider very high in Masteel

Already 4.4% change hand out of total Masteel total share 316 mil

These 3 days already more than 27 mil trade on sell down.

Lower risk <1.30 is very minimum, so hurry to buy <1.35, after tomorrow may rebound...

Mycron i cut loss 0.75, now 0.52, WOW!!...drop another 30%.....

S?steel break 2.00 ady....good result also big drop.....

Lucky, Masteel got good result, if not now should be 1.15......

Today Many people cut loss, margin call....Cruel life

Annjoo, Lion,S/Steel all drop, so Masteel can not runaway also.....

Wow 1.35, sell without thinking, throw everything, great opportunity!!!

If tomorrow still drop, buy it gradually (1.42/1.37/1.32/1.27) till you finish all your bullet.

This kind of selling, don't care fundamental, good profit, mostly is due to foreigner selling.

For them is very normal as US rate hike, they need move funds back to US, but this happen normally short term also.

I believe once they finished selling, price will start to rebound strongly.

Not only Rebar, Hot Roll Coil, Mild Steel Plate all follow uptrend today...

Tight supply in china to be continued.......... till 31/03/2018

What happen to the price by this month and next month?

It may break CNY6,000 level!!!!

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.




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

What is current malaysia Rebar price? Can anyone update?

Something is not right, big question why no dividends declare???

So much profit, can issue bonus share somemore.....

Can anyone know the answer?

Because No dividend declare even make a lot of profit. That is the difference.

Why no dividends declare since the profit so much?

becareful guys, RM11 ++ share no dividends will very soon drop back.

==> While it does not expect the Bonus exercise to materially impact its earnings for the financial year ending Dec 31,

I predict Masteel can announce the Dividends before the bonus issue. So dividends may announce on Feb 2018, then Bonus will following.....

My personal estimation 5 cents to 8 cents.....

Please read below for Masteel Bonus issue news. Plan on 1Q 2018.



STC1136 Masteel also proposed to issue up to 106.81 million bonus shares to its shareholders. The exercise will see the disbursement of the shares on the basis of one bonus share for every three existing shares held on an entitlement date to be determined later.

"In addition, the proposed bonus issue will enable the company to fully utilise its remaining reserves held under [its] share premium account whilst potentially improving the liquidity and marketability of Masteel shares," said the group.

The planned issuance, it said, will be wholly capitalised from the group's share premium and retained earnings account at 50 sen per bonus share, being the reference to the par value of Masteel shares.

While it does not expect the exercise to materially impact its earnings for the financial year ending Dec 31, 2017, Masteel acknowledged there will be a corresponding dilution in its earnings per share as a result of the increase in the number of shares issued.

Masteel expects to complete the bonus issuance by the first quarter of 2018.
25/11/2017 13:05

China Rebar has increased from CNY3,932 to CNY4,745, up 20.7%.

Will malaysia Rebar price follow this trend?

Now malaysia 2,400, China 2,947

Wow RM547 per ton difference.....

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

Today Closing break record again,

30/11 CNY4,745 = RM2,947 per tons

The last hours of today will be shopping time, top up again in 1.48......Cheers

I think this round kyy sale down effect has washed out many day trader or contra player.

This is the one most of us can not accept, lizi(kyy follower) please take note!!!



particularly "aslm" can make money. Judging from aslm's writing, you can know that he is crude and poor.

I don't like argue, we come here to share information.

kyy, please mind your word. Don't wait brothers come to kick u out from this forum. That is very embarrassing!!!

If masteel drop <1.50, time to buy, mind my word....

https://www.metalbulletin.com/Article/3769428/Long-products/Singapore-rebar-import-prices-rise-as-demand-increases.html

Heard singapore Rebar price also increased today as they are also facing supply issue, who can confirm this news?

Why malaysia did not follow the trend?

https://www.metalbulletin.com/Article/3769919/CHINA-REBAR-Domestic-prices-jump-on-tight-supply.html

Myongcc5, Today Closing break record, CNY4,593 already = RM2,852 per tons.

Crazy price!!!, Inventory in china keep reducing, the supply is too tight and send the price to rocket high.
If malaysia mill still selling at 2,400, Very soon china buyer will come over here to "Sapu" all the stock

Is it good news to Malaysia steel sector?
Hope this CNY4,593 can sustain till end of Mar 2018, then all my brothers here need to buy pot corn to watch the show, count money and happy hour everyday loh....



myongcc5 Rebar prices rising fm RMB4290.67/MT on 23/11 to RMB4490.67/MT yesterday (28/11)
29/11/2017 15:27

Very soon, china may impose tax to protect their steel mills, what a funny but it may happen.....

Company paper profit deliver fair result, consider as a good fundamental company, but management "too" stingy, 7 years no dividends and right issue make them more worse.

Look at it like a china company all cash rich(unable to verified always) but no dividend & plan right issue.

Unless they declare "handsome" dividends", call off the right issue, then only can attract investers.

need bonus power to boost share price....

These is really a good information, kyy must take a look, all the LATEST facts and figure in the report.

Thanks again dalpinia for your sharing.

http://klse.i3investor.com/blogs/20102017/139652.jsp

Why kyy want to critise Masteel ? Choobee?

However, this 2 stock did not follow kyy wish, buying still strong & i can said their stock price performance is the best among all steel counter in this year.

These proof that kyy influence power has reduced, not many investers really get his advise.

Like S/Steel Q3 result has more than 50mil profit, but the price today not up as many expected, even looks like many investers want to sell. weired?

Sandra85, Please stop yr rubbish comment!!!

This is Masteel counter, not jaks or sendai.

U both need to take a break........be calm

KYY did you know that Rebar is trade on China CNY4,300++ last friday, equivalent RM2,700++, huge different from malaysia 2,400......Pls think if buyer can source from malaysia if find cheap here.

My order of Steel Product from china has been delayed since Oct 2017, they reply "Short of material" ........need delayed till December only can supply....

Order is keep accumulate in China waiting Mill to deliver order....

China is affecting the whole wrold pricing.....50% supply.... of course benefit all steel counter in Malaysia.....

Please take note.

People who try to collect cheap is laughing now, if not, Masteel may stand above 1.60 ady.....

Maybe some of kyy followers come to Masteel to invest, therefore he come here to advise to be careful on steel counter.

There is nothing wrong to share his comment, he got his point on low demand of housing market.

But if Rebar really can not find local buyer, still can export anytime. Malaysia is still cheaper than China current market price.

Government only stop "luxury" project, government still have many housing project BR1M to build.

Then how all the property company to sustain, all stop and waiting for government to give green light of housing project for another 3 to 4 years? i don't think there is a significant impact.....

So many company Q3 result either bad / maintain, many invester sell & parking sideline, so there is a lot of cash waiting to find opportunity.

Therefore Masteel recent good news giving them an opportunity to make money.

My One year TP 2.00 is not far.

1.59, going to break 1.60.....

The Cheap Rebar price is confirm going to historical in China.... For malaysia, i believe no more below RM2,200 till year 2020, even have also very short term, unless China government not going to protect their environment & pull back the decision of production cut & closed down of illegal factory. The legal factory need to pay more money to comply with more expensive environment regulation.

The demand of malaysia market is still very weak, however still maintain above RM2,300 means the supply is very tight, so among 4 Long steel market, whose inventory rate higher can grab this "profit opportunity"

If you go to calculate stock turnover, Masteel is on high position, therefore some of Lion customer run to Masteel when Lion stock on low level or having stock out situation. These is important during the tight situation, the higher inventory can make more profit, maximise the production capacity & thus earn more profit.

Most of raw material either iron core, imported metal scrap or local metal scrap, Mostly is cash term, therefore sufficient working capital is vital when you want to increase inventory.

i believe, the company may plan bonus share issue at the same time of Q4 2017 result on End of February 2018.

That is the time to also celebrate the Chinese New Year.

Is it means the Big Ang Pao to Masteels all shareholders??

http://www.theedgemarkets.com/article/masteel-posts-over-30fold-rise-3q-net-profit-plans-bonus-issue

Masteel also proposed to issue up to 106.81 million bonus shares to its shareholders. The exercise will see the disbursement of the shares on the basis of one bonus share for every three existing shares held on an entitlement date to be determined later.

"In addition, the proposed bonus issue will enable the company to fully utilise its remaining reserves held under [its] share premium account whilst potentially improving the liquidity and marketability of Masteel shares," said the group.

The planned issuance, it said, will be wholly capitalised from the group's share premium and retained earnings account at 50 sen per bonus share, being the reference to the par value of Masteel shares.

While it does not expect the exercise to materially impact its earnings for the financial year ending Dec 31, 2017, Masteel acknowledged there will be a corresponding dilution in its earnings per share as a result of the increase in the number of shares issued.

Masteel expects to complete the bonus issuance by the first quarter of 2018.

KUALA LUMPUR (Nov 23): Malaysia Steel Works (KL) Bhd's (Masteel) net profit for the third quarter surged by more than 30 times to RM38.67 million from RM1.24 million a year ago, thanks to higher selling prices of steel bar and increased sales volume.

The sharp rise in earnings was also due to improving market conditions and robust demand from the domestic construction industry, the group said in a stock exchange filing.

Revenue for the three months ended Sept 30, 2017 grew 45.7% to RM401.45 million from RM275.45 million a year ago.

The group said its new steel rolling mill, which commenced operations in the second half of 2016, also contributed towards the additional sales volume and profit margin improvement. The new mill, which is Masteel's third facility, manufactures premium-grade steel bars and has an annual capacity of 250,000 tonnes.

Cumulative nine-month net profit jumped by 272.7% to RM63.34 million from RM17.0 million a year earlier, while revenue rose 20.8% to RM1.04 billion from RM861.81 million.

"We are benefitting from improved market conditions, led by stabilising international steel bar prices and reduction in capacity by various steel mills in China," said Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng. "This has contributed to better selling prices and stronger sales."

Tai said in the meantime, the group is also leveraging on its new rolling mill in Bukit Raja, Klang, to produce premium-grade steel bars that fetch better margins.

"Overall, we would continue to benefit from strong demand for steel bars on the back of a vibrant construction industry, driven by numerous public infrastructure and transport projects. We are operating at optimal capacity utilisation and are set for strong performance for the rest of the year," he said.

Still, Masteel noted that the demand and prices of steel bars are expected to be dampened by the seasonal weather phenomenon and year-end holidays. It added, however, that the subsequent rebound of demand could be stronger in the ensuing months as the rollout of major public infrastructure projects are expected to intensify.

"As such, prices are expected to recover in line with demand. The performance of the company will be closely linked to the convergence of the above mentioned factors," the group said.

Today market sentiments very bad, so able to buy Masteel <1.50, next week may rally. many fund manager not find as they may wait for S/Steel Annjoo results, then only made decision.

For me, <= 1.50 is a good buy.

So Happy today, many brothers here win money.

OTB, thanks for your praise, i am not so expert as you think, yesterday i have been questioned my EPS wrong figure, malu here.

However, i am here to share my thought on this counter. Masteel so far is my only counter to invest as i don't have time to study & get enough info so normally use one bullet to shot only, sound risky?

I don't know how to read chart, that's why i lost money on my contra trading 10 years ago. Maybe i am so stupid, so complicated things i don't learn.

But my experience told me the only method to win is use value investment method. Spend time to study, get many information as much as possible. but i need to salute OTB, really one day spend 10-12 hours. I wish i have this golden time but i don't have.

Once you pay your attention and get enough information, the more u know the confident you will have when invest, dumb dumb hold and wait for 6 months to one year, but maybe longer if the company long term is still bright. Management team is very important, i can feel Masteel is now try their best to satisfied Shareholder, seldom campany can give 2 time bonus within a year.

i Believe some of players sell today may buy higher price later.....

I think today will be Masteel volume Trade record, 20mil share done within one hour. We need more long term invester then the ticket will reduce and up gradually....