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

Thanks leoting Brother for your info.

Don't forget the 1Q 17 & 2Q 17 is on low profit.

As per current market situation, don't u think china will re-open those illegal factory to push down Rebar price to low again next year?

At least 3 years Masteel have advantage on Malaysia imposed tax protection till year 2020.

Let said Rebar price soften to RM2400 next year, imagine cost is maintain high on RM2100, sales tonnes maintain 125 tons(Low target) Gross margin is 14.3%, after deduct selling & admin Exp 15mil, still have 22.5 mil profit.

Est 2018 , 22.5mil X 4 Qtr = 90 mil
EPS = 28.9 cents

I think the above can be sustainable till year 2020.

use 28.9 X 8 times, still have long term TP RM2.31
10 times will be RM2.89
12 times will be RM3.46

If the government announce any big project for the coming 2017/2018, this is still not count their impact on steel demand.

Don't forget, Currently the supply is fixed and we do not see any big changes on additional supply in malaysia market.

We also can not underestimated the China production cut will cause China Inventory go to Super Low Historical Level....This is really BIG IMPACT.

If China rebar shoot up to RMB4,500 next month, then how much malaysia steel mill to offer? it can be RM3,000 per ton......

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"

I was top up yesterday 1.20 as it was really attractive to buy.....

Even if you ask me, i will said current 1.35 consider cheap also....

If Masteel can announce dividend after Q3 result... TP will even higher, at that time u won't get the price of 1.35 as today.....

I already hint all of you....

My TP given is at least RM1.63 within Nov 17 for Q3 super profit....

Seems like Oct 17 this month may reach my TP
Up to you to decide.....




STC1136 Masteel will have another hike rally at the end of Nov17, Q3 results.

Lets wait and see.

Any downtrend between 1.48 to 1.56 will be good entry to buy.

My Nov 17 TP will be 1.63.......After Ex bonus is between 1.22 to 1.28, so there is potential of 30% upside!!!
21/09/2017 17:04

"dumb dumb hold "is the only winner, buy sell buy sell must bet on luck.....

Those has sold 1.17 or 1.18 yesterday really a miss. Don't do panic sell, adjustment may take one whole month to cool down before the next rally

Masteel will have another hike rally at the end of Nov17, Q3 results.

Lets wait and see.

Any downtrend between 1.48 to 1.56 will be good entry to buy.

My Nov 17 TP will be 1.63.......After Ex bonus is between 1.22 to 1.28, so there is potential of 30% upside!!!

The Malaysia Rebar Price maintain RM2600 since 06/09/17 till today 21/09/17.

Inventory still not enough. Therefore it may sustain till end of the year.

Masteel/S Steel/Lion/Annjoo will have good margin for Q3 & Q4.

Buy now before too late......

The Malaysia Rebar Price maintain RM2600 since 06/09/17 till today 21/09/17.

Inventory still not enough. Therefore it may sustain till end of the year.

Masteel/S Steel/Lion/Annjoo will have good margin for Q3 & Q4.

Buy now before too late......

The Malaysia Rebar Price maintain RM2600 since 06/09/17 till today 21/09/17.

Inventory still not enough. Therefore it may sustain till end of the year.

Masteel/S Steel/Lion/Annjoo will have good margin for Q3 & Q4.

Buy now before too late......

For what i think Mycron should not go right issue, which really affecting invester interest.

As we all know Melewar is big shareholder, why Mycron & Melewar do right issue at the same time, get people to suspect?

Mycron right issue were the money will finally to go for Melewar business?

Mycron has 60 mil cash, somemore their quarter profit & sufficient inventory nearly 200 mil in June 17 is sufficient for their working capital.

Very hard to persuade me that the need of right issue, unless they already has the confirmed BIG ORDER which really need more cash to keep higher inventory.

Cold rolled business is affecting by High price of their raw material Hot rolled steel. Becareful, next quarter may not deliver good profit.

Unless their better profit margin of Pipe businees is increasing, which is hard to predict........

That is why i convert my Mycron to Masteel & Annjoo at End of August even i have 13% lost.

http://www.sunsirs.com/uk/prodetail-927.html

As per yesterday closing price, China Rebar price has soften from RMB4150 to now RMB4024.

Just call my friend scrap dealer price today HMS 1 Scrap RM1.00 per kg.

if mark up 10% Masteel can get RM1.1 per kg.....cost price compare international 1.55 a huge difference....

For malaysia iron scrap can not export out, therefore, it always can not follow international price, the iron price is determined by all 4 metal company, i.e Masteel/Annjoo/SSteel/Amsteel.

For i know July scrap dealer buying price is RM1.00, now should be around RM1.20 only. These is almost the record price.

If follow moneySIFU is about RM1.55 to RM1.63 Which is 30% higher
Who can share for more info here?

Break again 1.41...Congra those has start to get their rich harvest!!!

The Masteel selling price has climbed to 2,700 per tons? true or not, so fast??

LT target 1.40, no wonder touch 1.40 start fall....

HL funds is playing...

Playing catch-up. At RM1.22, MASTEEL is trading at 0.54x P/BV and 6.1x FY17 P/E, which are 62% and 33% below its peers (refer FIG2), respectively. In the near term, MASTEEL’s share prices are likely to play catch-up with its peers as current steep discounts are unwarranted.

Positive downtrend resistance breakout. The stock has been trading above the daily support trendline and major SMAs from a low of RM0.955 (11 July). Despite rallying 27% to end at RM1.22 yesterday, share price continued to lag its peers YTD (refer FIG2). In anticipation of a better results in the coming quarters and bullish downtrend line breakout, the stock is likely to break 52-week high of RM1.28 (24 May) soon, supported by positive daily and weekly technical indicators.
A successful breakout will spur prices higher towards RM1.35 (123.6% FP) before reaching our LT target at RM1.40 (138.2% FP). Key supports are situated near RM1.19 (5&6 Sep low) and RM1.15 (38.2% FR). Cut loss at RM1.14.
Source: Hong Leong Investment Bank Research - 7 Sept 2017

Company profile. MASTEEL (listed in Feb 2005) is one of the biggest long steel manufacturers in Malaysia, which is involved in the manufacturing of steel billets and steel bars. The manufacturing facilities of MASTEEL are located in Petaling Jaya and Bukit Raja, Klang, housing an annual capacity of 700,000 MT billets and 600,000 MT steel bars, respectively.
It has over 60 domestic dealers and several international trading houses as partners in Australia, New Zealand, Indonesia, Singapore, Thailand, Vietnam and the Philippines. In FY16, exports accounted about 8% to revenue.
MASTEEL also has an associate company which manufactures radioisotopes for the imaging of cancer cells has seen rapid growth in revenue for the last 3 years (from ~RM1.4m in FY14 to ~RM3.3m in FY16). Its radioisotopes manufacturing facility is located in Bandar Enstek, Negeri Sembilan, supplying mainly to the hospitals throughout Peninsular Malaysia.
Anticipate a stronger 2H17. For the remainder of 2HFY17 and FY18, market is anticipating a gradual pick-up in infrastructure projects, which reinforces prices of local steel rebars to trade at multi-year high of ~RM2700/tonne levels. Overall, steel prices are likely to remain strong, buoyed by strengthening RM/US$ (which will cushion margin compression amid rising raw material prices), Malaysia’s government safeguard duties coupled with the higher China rebar prices (FIG3) following a confluence of factors including stable demand, capacity cuts and policies to reduce pollution.

The Balance 3.5 Million has sold out today. No more stock for first tranche.



http://www.bursamalaysia.com/market/listed-companies/company-announcements/5538213


JayC Macquire still have balance 3.5million share to PP for first tranche. I believe they block it @1.30
07/09/2017 15:46

Please keep till next year, don't sell too early.....Keep till you can not believe the super return profit of steel counter.... 10 years only can get one chance.....

1.27 finally break record!!!!

Still cheap...

Imagine selling price up from 2,200 per ton to 2,600 per ton, already 18.18%. This reflect revenue will up 54.54 mil if average historical sales revenue for Masteel is 300 mil.

Even material cost up 10% recently, Masteel still can easily hit 50 mil profit per quarter.

Therefore it is very significant profit increase for every 1% increase in selling price.

Malaysia price is always slow to reflect the market price compare china.
I do not think china price up is merely the market manipulation. It is more on old stock of low price have sold out. The supply can not meet demand and cause price up rapidly.

The current CNY4150 will at least maintain till the whole period of china winter, therefore malaysia high price will also at least maintain till 1Qtr 2018.

if my above statement can be realised, 3Qtr 2017, 4th Qtr 2017 & 1st Qtr 2018 can get 50mil X3 = 150mil, EPS = 56 cents for 3 quarter results, then what will happen to Masteel TP price next year??

150 mil profit is more than their 10 years profit.

Lucky i got top up 1.20 this morning..........

With current RM1.20 definitely serious undervalue. Annjoo is good but compare Masteel, more potential to get higher margin of safety.

Golden opportunity is coming, don't miss!!!!!!!!!!

I am confident on Masteel coming 3Q profit, around 40 mil to 60 mil. not only that, 4th Qtr may even higher.

Therefore if 2017 profit = 1Q 14mil + 2Q 10mil + 3Q 40mil + 4Q 50mil = 114mil

Total share include pp 10% = 241.7mil + 24.17 mil = 265.87mil

I predict Masteel EPS will break 20 years record = 42.87 cents.

After 4Qr result announce on End of Feb 2018, conservative 6 times TP can get RM2.57

是由于钢铁行业去产能政策的切实落实，相关需求向优势企业倾斜，上市公司主营业务收入得以大幅增长。其实钢企营收增长态势在一季报已有所体现，今年第一季度34家钢企主营业务收入增长平均为56.10%。

主营业务收入大幅增长的同时，净利润增长率是否能同步跟进呢？统计显示，34家钢企今年上半年扣非净利增长率平均为623.99%，剔除首钢股份14199.62%的扣非净利增长数据，平均为212.60%，较2016年年报的126.64%增长近1倍。

其中，22家公司上半年扣非净利增长逾100%，增长200%以上的有16家，新钢股份（849.30%）、山东钢铁（766.99%）、南钢股份[股评]（682.15%）、凌钢股份（573.72%）、鞍钢股份（566.91%）5家公司上半年扣非净利增长超过了500%，而只有抚顺特钢、金洲管道、安阳钢铁3家为负增长。
06/09/2017 11:46

Pity for those long holding invester......lucky i am not

Why need to do right issue? with current trend, profit margin higher, can not generate internal fund?

They do not pay dividends for the past 7 years despite of they are making profit.

Still need invester to pump in money?

No way!!!!

Sell today!!!

https://www.cnbc.com/2017/08/10/chinas-steel-prices-are-rising-and-thats-worrying-beijing.html

中國河北鋼鐵冬季限產！

https://klse.i3investor.com/blogs/kianweiaritcles/129664.jsp

This will benefit all malaysia Metal industries & push Mild steel price at high price.

China Mill price for Hot Rolled Coil Big up today again between 3.5% to 5% , now market price up like crazy....

Malaysia Mill price will follow very soon, As china supply 50% of worldwide market, sooner malaysia Small Mill like Annjoo,Southern,Lionind, MAsteel will up.

HR per ton should surpass to RM2,600 by this month

CR per ton also up between RM3,300 to 3,600

All metal who keep high inventory sure huat this round........

China Mill price for Hot Rolled Coil Big up today again between 3.5% to 5% , now market price up like crazy....

Malaysia Mill price will follow very soon, As china supply 50% of worldwide market, sooner malaysia Small Mill like Annjoo,Southern,Lionind, MAsteel will up.

HR per ton should surpass to RM2,600 by this month

CR per ton also up between RM3,300 to 3,600

All metal who keep high inventory sure huat this round........

Latest Rebar China price is stand at CNY3,947 per ton, very soon will break CNY4,000 level.

https://www.quandl.com/data/CHRIS/SHFE_RB1-Shanghai-Steel-Rebar-Futures-Continuous-Contract-1-RB1-Front-Month

CNY3,947 = RM2,512 per ton, mill price not include transport

Malaysia mill price is going to catch up to RM2,400 per ton.

Imagine Q1 average is about 2,200, Q3 will have another 9% increase on their selling price.

Q3 profit may break their record for the past 5 years.

I estimate Q3 should range RM20 to RM30 mil.

Masteel Net Profit Q1 = 14mil, if Q2 maintain 14mil, Q3 25mil, Q4 20 mil
Whole year will have 73 mil, that is PE = 29.8 cents.

@ Conversative x 8 times easily get TP of RM2.38

Masteel will very soon break RM1.50 within this year.

As per my expectation earlier.
Masteel / Southern Steel all on low price now, worth to buy 1.01 to 1.05


大马7月长钢爆冲!
http://leoting81.blogspot.my/2017/08/




16/07/2017 21:41
China current market was ridiculous high compare London Metal Exchange(LME) at Closing last week of RMB3,565 Equivalent USD526/ Ton

However, LME price was recently spike up fast from June closing USD427 to 14/07/17 USD458. Within 2 weeks up 7.26%.The price will look to maintain high for the next 3 months.

Difinitely, Most of contruction company in Malaysia will "Panic buying" for the past one month if they want to buy at cheaper price.

Masteel will sure maintain their selling price same or higher than 1Q 2017 their highest selling price for the past 4 years.

Buy now before it is too late.

https://www.lme.com/Metals/Ferrous/Steel-Rebar#tabIndex=0

All AA brother & sister, if u r tired to see richardlee copy & paster rubbish comment, Please report abuse and kick him out forever.....

Obviously, richardlee = BWC = Invester, same person using different name in AA forum only.........

Due to strong HRC & CRC price up recently, The Metal theme will soon to start play before Oct 17. Worth to buy and keep between 0.72 to 0.76.

My TP with 1.05 within this year.

I will foreseen malaysia investers will have another strong buy on 2Q 2017 with their recently Bonus 1:5 will soon to finalise by end of this month.

My own TP >RM1.35 will up by end of October 2017

China current market was ridiculous high compare London Metal Exchange(LME) at Closing last week of RMB3,565 Equivalent USD526/ Ton

However, LME price was recently spike up fast from June closing USD427 to 14/07/17 USD458. Within 2 weeks up 7.26%.The price will look to maintain high for the next 3 months.

Difinitely, Most of contruction company in Malaysia will "Panic buying" for the past one month if they want to buy at cheaper price.

Masteel will sure maintain their selling price same or higher than 1Q 2017 their highest selling price for the past 4 years.

Buy now before it is too late.

https://www.lme.com/Metals/Ferrous/Steel-Rebar#tabIndex=0

My entry 1.45... Good entry 1.40 paperplane

Sineo, if said Mycron production can use for building material or MRT project, answer is yes.

Mycron is producing 70% Coll-Rolled Coil(higher quality), mainly use for Oil & Gas/Palm Oil/Automotive. further Coil convert to Cold Roll sheets use for coating/HDG products. The demand is keep increasing especially Oil & Gas Sector.

Old time, when oil price on > USD100, most Oil company use Stainless steel for infra structure, however when Oil drop mostly swap their applicant to coating /HDG products, or use FRP as cheaper material. Therefore demand is increasing.

The shut down of Megasteel factory not much affect Mycron business, as there are totally different business model.

Another product consist 30% is pipe tune which has better profit margin.

For HRC market, If let you choose Masteel or Lion Ind, I prefer to keep Masteel, how about you?

My entry point 0.86, Icon brother yr entry point?

Finally break 0.885

the last 15 minutes trade more than 4 mil share, that's why i lost....seller win at last......

yes, i need to go, thanks brother, closing 2.98.......as what i said..... Bye

Maybe last minute has more than 2mill share want to sell lower?

look like IB want to push AA share price on last minute for month end dressing

IB may save me to stay forum?? hahahahah think too much....