After sell ticket has released mostly, uptrend will continue......

TradePlus, the EPS figure is following all their Annual report.

Don't say plp are wrongly given and say bad word first!!!
It is just your interpretation of EPS between all of us is different.

Don't act like you are bank analyst expect in reading figure. It is very annoying some more, you are just a new comer suddenly come in to "bark".......

U said bonus, they may said it is merely proposed, can be rejected by shareholders?

just like dividend reject from previous AGM.

For them they will exclude those "profit" in order to get a more "accurate" profit.

Therefore, 2017 profit exclude all uncounted profit Q1 14mil + Q2 6mil + Q3 24mil = only 44mil plus Q4 2016 4mil , the annualised is only 48mil

48mil profit need divide "diluted" share 316mil only have 15.1 cents EPS

15.1 X 8 times, their TP is only 1.21, mark "sell" buttom.

They will said should sell on tomorrow on whatever price they can.

Let see how tomorrow market will response.......

yes, agreed. Don't forget Masteel will have following added advantage:

1. 2nd Bonus issue 1:3, thus will increase total share from 315mil to 420mil.
==> These will attract more fund managers & foreign investers to invest.

2. 2018 is an election year. I believe it will have strong wave during this period especially those good counter.

3. S'pore to KL High speed Rail System is going to open tender. I forgot the value of the total project but confirm is billion project. Masteel is one of the join venture bidder.

4. Ringgit is keep strengthing from 30/09/17 4.23 to now 4.10, if can go to 4.00, Masteel will have another 20mil realised gain. These also benefit Masteel to buy cheaper imported scrap iron. Definitely lower cost compare Q3 result.

5. Higher ASP & lower cost in Q4, Q4 result may even higher than Q3, but i am on conservative estimation, 40mil is damn superb good result ady.

Hope the above can all be realised. The full 2017 year Masteel can get 102mil profit divide 315mil share = EPS 32.38 cents

Current price 1.32 = PE 4.07

if 2.00 = PE 6.17
if 2.70 = PE 8.34

So, where to find a low PE 4 company nowadays?

Definitely, Masteel in 2017 is a turnaround year.

For 2018 is a Rich Harvest year.

if tomorrow Gap up still below 1.40, quickly go to grap.......

Can it be achieved my TP 1.72 in 1 month before 14/12/17?

Expected dividend 5 to 8 cents, but now i received bonus issue 1:3, therefore achieved......




STC1136 1 month TP 1.72
1 year TP 2.00

Expect Dividend 5 cents to 8 cents next year
14/11/2017 16:46

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES 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")

MALAYSIA STEEL WORKS (KL) BHD
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES 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")

MALAYSIA STEEL WORKS (KL) BHD
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES 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")

MALAYSIA STEEL WORKS (KL) BHD
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES 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")

MALAYSIA STEEL WORKS (KL) BHD
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")

Aiyoh, my frined, what a miss!!!!!

Golden Opportunity!!!!

datuk73 old man sold all at 1.33,1.32
wait next round back
tut tut
23/11/2017 15:27

Great News!!!! Bonus issue.... so fast... One year 2 times, unbelievables.....

Maybe got limit up tomorrow.........!!!!!

Really Huat LARRRRRRRRRR

Don't waste golden opportunity!!! As i said on sept 2017, estimate 40 mil, many friends / forum users laugh at me....

Mostly estimated 15 to 20mil.

People will start eye Masteel management and its success strategic in steel industries.

Fully satisfied.

We as a minority shareholders, urge Masteel management to pay attention on improvement of dividends payout. 10% is too low, we are request for 20% minimum. These will push up share price & good image of the company.

My One year TP 2.00 not far..........

Congras to all shareholders here, cheers.....................




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"

Don't sell too early, if Lion can announce result early, it may lead Masteel to up more even Mateel Q3 results not out yet.

I am full confident Masteel Q3 result should be better than Q1 result, that is more than 14 mil.

Finally break 1.33.....

On 15/11/17, China Rebar closing at RMB 4,136 now continue up to RMB4,225 within one week. Heard today closing up also, someone said china some areas already sell at RMB4,400 per ton.

This is definitely goods news all Malaysia long steel counters, if low demand on malaysia housing market, they can export to other country now as we are much cheaper compare china market price.

China RMB4,225 / 1.60 = RM2,640

Malaysia RM2,450

There is more than 7% price advantage.



Posted by STC1136 > Nov 15, 2017 07:37 PM | Report Abuse X

China Rebar was strongly rebound from RMB3908 to now RMB4136. Up 5.8% or RMB228 per ton(almost RM150 per ton) in one week time.

Malaysia rebar normally will up and follow after 2 to 3 weeks of China Rebar price.

I estimate Malaysia Rebar price will climb back 2,600 at end of this month.

Sometimes historical can use, hope it can break 1.33 today. Once break can up to 1.40....



STC1136 Manage to top up some in 1.27, oversold currently as being drop for the past 6 days.

The small rebound will come in this week if you look at their past historical data.
Can go back to 1.33 to 1.35.
5 to 6 days non stop dropping will normally get a rebound. Hope this will become a trend till their QR result.
21/11/2017 11:12

i am simple, richardlee post 1, i post 10, he got repeated 1500 message, i also want, to be fair....

reader here can not tahan, just leave this forum.

richardlee, u not tired meh?

Icon8888 has not posted any comment since Sept 17 till Nov 17.

But you have seriously, repeatedly, flooding like no end tomorrow to "CURSE" icon8888.

All your posting 1583 comments from June17 to Nov 17, 90% is talking related icon8888....

Why admin did not take action??

Why? Why?

richardlee, u not tired meh?

Icon8888 has not posted any comment since Sept 17 till Nov 17.

But you have seriously, repeatedly, flooding like no end tomorrow to "CURSE" icon8888.

All your posting 1583 comments from June17 to Nov 17, 90% is talking related icon8888....

Why admin did not take action??

Why? Why?

Manage to top up some in 1.27, oversold currently as being drop for the past 6 days.

The small rebound will come in this week if you look at their past historical data.
Can go back to 1.33 to 1.35.
5 to 6 days non stop dropping will normally get a rebound. Hope this will become a trend till their QR result.

1.33 is a good entry point, if you already invested, want to reinvest may wait for 1.30.....

possible to drop till 1.25 if there is enough selling tickt to push down, but i can not estimate.

Don't forget Q3 result will out on 27 to 28th of this month.

Recently a lot of contra players, margin traders and retailers making huge lost on price adjustment for most steel counters.

They have lost all their money however they do not want this stock to rebound maybe they do not have money to keep the share, therefore start to curb the price to go upwards.

Spread bad news, OTB/BIg cat/shareholders want to run already/limit down, but they forgot one things, share market is follow the fact.

If Masteel can deliver good profit, the new investers will come to queue to buy EARGELY, non stop buying.....ends up Masteel shoot to 1.50/1.60/1.70, at last break 2.00

Please stop all these childish action as you will get plp to look down on you only.

http://klse.i3investor.com/blogs/kianweiaritcles/138381.jsp

China Rebar was strongly rebound from RMB3908 to now RMB4136. Up 5.8% or RMB228 per ton(almost RM150 per ton) in one week time.

Malaysia rebar normally will up and follow after 2 to 3 weeks of China Rebar price.

I estimate Malaysia Rebar price will climb back 2,600 at end of this month.

Use Value investment method is the only way to get profit in share investment.

Don't care those plp who try to buy cheap and ask you to sell to them cheaply especially on price adjustment moment.

Dumb Dumb Hold, tightly and you can win as u wish....

Believe me, u will get reward out of your expectation.

I have already earn Masteel 50% of my return, but i never come here to ask you to buy my share, as i keep it for long term. My TP is 2.00, i will only sell after this price... Don't sell too early.

Holding power is a must!!! Don't play contra in this counter as you are hard to expect daily upper & lower point.

But you are easily to expect in long run....So simple calculation....

1 month TP 1.72
1 year TP 2.00

Expect Dividend 5 cents to 8 cents next year

The total share of Masteel has increased from 245mil to 315 mil, up 70 mil share, which is good for attracting big invester.

More concern is the Masteel profitability instead of dilution of 10% PP share, so far 20mil has issued.

If Masteel can contribute > 20mil share, the EPS is quite cheap at only 6.55, 14+10+20+20=64 / 315mil = 20.3 cents , 133/20.3 = 6.55

sorry, is 7 mil share

I believe today may stand above 1.35, volume can break 70mil share today.

Afternoon will have another session.

what is your expectation of Masteel Q3 results?

A. 10 to 15 mil
B. 16 to 20 mil
C. 21 to 25 mil
D. > 26 mil

For me definitely believe Q3 should have D results.

No selection for <10 mil, if really happen, i will sell all ticket on next day.

What is the price currently? is it up some more?

Anticipate better 3Q17 earnings for Masteel, says HLIB Research

http://www.theedgemarkets.com/article/anticipate-better-3q17-earnings-masteel-says-hlib-research

The laggard always has reason behind :

1. will Mycron has same cases happen like Melewar, there are actually same management. This is big worry part.
2. Poor management in financial control. High cash position do not want to issue dividends but do right issue, try to scare away the invester?
I believe if there is no right issue news, Mycron can stand above RM0.90.

Maybe Mycron will start fly when they have completed right issue.

is it hints Masteel Q3 results was superb good?? 40 mils???

Hope so....

So fast break 1.30 wall after sell down from last tuesday, so great.....



STC1136 Yesterday for 3.6 mil share trade, today seems maintain 3 mil share also. total almost 7 mils share trade. When there is big shark let go for those good fundamental company, there may not have any valid reason, maybe need to transfer a better investment opportunity only?

I believe after this big shark finished selling, Masteel will very fast rebound back to 1.30!!!!
02/11/2017 16:50

scoodybo, where got business no risk, tell me.

We are confident on Masteel Q3 or Q4 results, that's why we invest.

If just rely on Chart, buying signal, technical analysis, this is short term and even more risky to play on.

You should differentiate short term and long term, if long term, so call chart, technical analysis normally put aside and ignore.

Anywhere, whether Masteel go south to below 1.00 or not for next few days, i not so worry.

The things now more important is how much profit can Masteel generate in Q3 become more vital issue.

Low profit < 10mil , everybody run..... may touch 1.00

Moderate profit 10 to 20mil, some plp run....

High Profit , > 20 mil, Masteel may rise to 1.50 by this year.

Yesterday for 3.6 mil share trade, today seems maintain 3 mil share also. total almost 7 mils share trade. When there is big shark let go for those good fundamental company, there may not have any valid reason, maybe need to transfer a better investment opportunity only?

I believe after this big shark finished selling, Masteel will very fast rebound back to 1.30!!!!

looks like margin call for someone on Masteel, cause by Ekovest??

Make sense....

Good opportunity to collect as i said 1.21 to 1.26...

I have collected more on 1.22 today.....

these Ekovest made a lot of rich become more rich, poor become more poorer...Millionaire and Bankruptcy along the way for these 3 years time....

God bless them....

it is definitely a smart move for IWC, can re-rating and value its land mark and cash out when during this low market sentiment, funny is still call Ekovest to invest in this "rare" and "super cheap" opportunity.

IF i were the invester, sell the share as much as possible... not even sell own ticket, also "borrow" others share to sell also....thus call margin and call contra appear, tomorrow more worst at morning session, not so fast to rebound, believe me..

U got chance to buy cheaper this week, estimate to 0.86.

Ekovest may further down to 0.85 to 0.90, if price stop there for weeks, people may have big lost of use margin or contra to keep....

becareful, Buy Sell can be one person to do so.

If you have holding power, buy and keep to fight!!!

No holding power, my advise, stop buying, stop average down...

You will not know how depth and how long this stock will up back....

Price rebound now, if i were supplier will rather to keep stock now. As price has cheaper 10 % since Mid of October.

The price range should between 1.21 to 1.26. Any price below 1.20 consider super cheap price.

1st Tranche 14.5mil done.
2nd Tranche 5 mil only
3rd Tranche 4.8 mil.

if got 3rd Tranche, total share will roll to 320 mil share.

Agreement to subscribe to the newly issued Placement Shares
Subject to the terms and conditions of the Supplemental Agreement and in
consideration of the subscription by the Investor of the Committed Subscription, the
Company hereby grants to the Investor:
(a) the right to initially subscribe up to 14,500,000 Subscription Shares
(“Tranche 1 Subscription Shares”)*;
(b) the right to further subscribe up to 5,000,000 Subscription Shares (“Tranche
2 Subscription Shares”); and
(c) the conditional right to further subscribe up to 4,800,000 Subscription Shares
(“Tranche 3 Subscription Shares”).

13/11/17 will fly

Most analyst always estimate Masteel is the lowest profit margin player among all 4 long steel player.

Some of it even estimated Masteel will only have 15 mil on Q3 results.

If Q3 masteel can not get more than 20 mil NP, i sold next day of Q3 results...

No point to keep a company share if they are not well managed......

2480 seems ady same as Aug Pricing.....Up in one month drop in one week

If Malaysia mill is going to meet Australia demand, malaysia Mill price for Q4 will sustain at high price average should be more than RM2500 per ton