I apply theory " “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” in Melewar. wakaka

safewinner. You take a look of their P/L by making a comparison between Melewar and Mycron then you can only understand. Do your homework la....

Congrats CharlesT. Your Mudajaya is going to beat Jaks soon.

The signal of showing good profit is very clear for the next few quarters unless Mycron cannot perform well.

abangadik. I cut and pasted information in the latest QR. Don't worry. The investors and traders would change their view when the company starting show good profit. If you believe that Mycron has good prospect, why not for Melewar. Melewar owned 71.4% in Mycron.

As stated in latest QR, the Engineering division will only incurred minor losses in future as full provision has been taken into account and supported with special audit report. The future of Melewar is rather bight given the good prospect of Mycron.

QR 31 Dec 2016

The Group’s engineering business suffered significant losses for the current quarter as the Engineering subsidiary recognized additional expected losses on onerous construction contracts ahead of their completion. (Refer to Note A5). For the remaining financial year, the Engineering subsidiary will focus on completing the aforementioned construction contracts within the budgeted losses and unlikely to take on further engagements. Barring any further overrun on budgeted cost-to-completion for these projects and the discharge of contractual obligations thereof, the Group is not expecting further material negative contribution from the Engineering subsidiary apart from its overheads and debt-service costs for the remaining financial year.

Whilst it is possible that the Group’s steel businesses’ performance may eclipse its engineering business’ performance in the 2nd half of the remaining financial year, this would unlikely be enough to surpass the Group’s current year-to-date losses. In this regard, the Group’s prospect outlook for the remaining financial year remains at negative.

Melewar is a high potential turnaround company in steel sector. Its top and bottom lines are almost completely correlated with Mycron from now on. The valuation in term of a PER is less than half of Mycron if you exclude losses in Engineering segment. Buy while many are not interested in it.

No hurry for minor upside. We are betting for EPS 5 to 6 cents in upcoming QR. lol

Show is just started for the last laggard counter in poultry sector. Go go go !

The eggs are hatching as incubator getting warmer.

IBs and Medias have not started promotion activities. Accumulating...

I only know the basic theory....Share market is always stayed ahead of the real economy at least 6 months. lol

Abangadik. We love potential growth companies at depressing prices. TeoSeng is one of them. The company will enjoy fruitful results from factory expansion in next few months.

Top up more while people are not interested in this laggard eggs counter. Waiting game..

It's an opportunity to build up larger position while waiting for another good QR three months later

suregain. Tak serang NK Kim baru boleh untung manyak kali lor...yoyo game. Gua tak mahu untung sekali saja.... lol

One more serious problem between US and North Korea.....possible Nuclear war and our earth might burn into charcoal....I think we should hide in the Mars... wakaka

Posted by abangadik > May 14, 2017 07:12 PM | Report Abuse

On top of that with Bandar Malaysia episode..on paper Wanda say yes but no solid agreement or sign on paper..It also means China goverment didn't approve to let capital outflow..Najib now actually very panic..No money to pay for 1MDB debt due end of the year..ringgit will suffer another round of devaluation and dropping to rm5.00 to 1 USD...better sell this counter, soon goverment won't pay goverment servant so can pay 1MDB debt....wakakakakaa

Bttter talk like this...I estimate Msia government going to bankrupt soon. The government would not able to pay government servant so default of loan payment is expected to happened later. Banking and finance sector will be seriously affected and resulting collapse of economy. Run for life now. wakaka

Cocolnd is awaken. Go go go

Upcoming QR.....2 more weeks to go.

Forex losses RM 11 million reported in last quarter will turn into minor forex gain upcoming QR. Go go go

abangadik. The egg has not hatched yet. I am still waiting for the incubator provided by BB. wakaka

LeonFB is still traded at so low multiple PER so let's set Autopilot mode. lol

Maltodextrin Plant 3 is expected to add extra contribution starting next QR. Go Go Go

Congrats. 3A just announced quarterly Net profit up 54%.

MYcron's reporting is the best in bother QR and AR among steel companies. The company normally provides more insight information of the company and industry. Nil dividends is the main culprit for its low valuation.

Pending approval from SC after kahheong has logged a serious complaint of the deal between Puncak and Triplc. Lol

YKGI just changed the reporting format for Statements of Profit and Loss starter 2017. It is more difficult to compare with QR reported previously. Transparency is getting lower. Sigh.

It looks sexy now but Puncak wanted to take it over so forget about it. No point sitting on piggy bank idlely after the deal.

Hard to say Csc would deliver another lackluster QR. I guess the profit would be much better than 4th Qtr 2016.

If you make a rough comparison quaterly results of YKGI between 1stQtr17 and 4thQtr16, the gross profit margin is ,in fact, higher as reported in the last east quarter. YKGI suffered loss in 4thQtr16 was mainly due to one off loss on disposal of property and plant and machinery written off about RM 11 million. By excluding one off losses, YKGI was able to fetch higher gross margin for the lastest quarter.


probability results will also be bad like Mycron
09/05/2017 20:2

Put it simple. HL Holdings Sdn Bhd [HLH] holds 69.93% shares of Southern Steel. Quek Leng Chye was the shareholder of HLH so he deemed to have interest in SSteel through HLH. His disposal of shares in HLH recently resulting a ceased of interests in Ssteel.

Thanks leoting for updating us current status in Malaysia and China. We got one expert in steel industry here. This time Ssteel has really brought steel and related counters back to alive after announcing good QR and generous dividends.

Better to ignore those noises. It's just like some predicted that Malaysia would soon to be bankrupt like Greece 2 years ago. lol.

Share price is moving in tandem with other steel companies. Go go goo!

Small durian are growing bigger and bigger. It's still long way to go before harvesting.

If Ssteel is able to deliver fully diluted EPS 7 cents next QR, share price can easily hit above 2.0. My estimation of PER is based on diluted EPS. It's very likely the company would report EPS above 5 cents in upcoming Qtr given the support of the anti dumping rulings.

Ssteel has the potential to pay 6 cents dividends or DY 4%. Let's make a conservation estimation of generating EPS 20 cents per share in a year, the company will be trading at PER 7.8x at current price. At such low multiple PER, Ssteel is an attractive stock among the steel counters now.

New processing plant is completed and will start contributing soon.

AR 2016:

First initiative, which is the construction of our new warehouse in the Port Klang Free Zone,
had been completed and commenced operations during the year. The warehouse currently has a
net usable factory storage space of approximately 95,000 sq.ft.

The second initiative had also been completed, which involves major renovation and refurbishment of our existing building located directly opposite Wisma Leon Fuat. The new processing plant has approximately 60,000 sq.ft. of usable factory space, housing both of our new CNC cutting machines as well as the relocation of our existing CNC cutting machine that we believe will enhance efficiency as well as production capacity. With the completion of this plant, it will become one of our key assets to enhance Leon Fuat’s profitability going forward.

MAsteel will be joining the bandwagon of Ssteel later....Expect to deliver good profits in upcoming QR.

Abangadik. Probability, Ks5s, leoting, Albukhary, maneysifu are the strong supporters of SSteel. I appreciate them providing us updated input for us to make a better decision. :)

Keep topping up Ssteel to enjoy the turnaround. Steel theme remains the good topic in the market as RM strengthening against USD. Go Go Go!

The company has announced 3 cents dividends. It's really out of expectation. Gross profit margin is slightly improved to 14.9%. Well done! More to come in coming quarters.

Don't forget TeoSeng new feedmill factory is ready for contribution.

Rcecap is expected to post better profit in the absent of one-off additional expenses

" RM 4.6 million costs were incurred for securing additional facilities,which has resulted in higher other expenses of RM18.6 million in the current quarter under review."

As stated in the AR 2016, the additional facilities secured by 31Mar2016 consisted of Term Loan 5 value RM 300 million and Revolving credits 5 & 6 value RM 200 million. I don't think they will apply additional facilities in big amount during FY 31 Mar17 since the funds raised in 2016 is sufficient to offset its loan growth this year.

One's mentality is the most important. If one persists to keep his teaching mentality...spend 20,000 hours in learning stock investing also no use la.

Extracted: " FD Iskandar said the safeguard duty has resulted in a significant increase in raw material costs.

“We used to pay about RM1,700 per tonne for the smaller steel bars and now we are paying anything from RM2,300 to over RM2,500 per tonne,” he noted.

He also pointed to the price of steel bars, which used to cost an average of RM1,712 per tonne in Johor, RM1,847 per tonne in Selangor and Kuala Lumpur, and RM1,729 per tonne in Penang. However, contractors are now paying RM2,570 per tonne."

http://www.theedgemarkets.com/article/homebuyers-bear-brunt-rising-building-costs

Collect more when the price stayed at low level.

Contribution from new Maltodextrin plant increasing capacity by 40% will kick in soon.

Extracted from AR 2016.

The Maltodextrin Plant No. 3 is capable to produce 2,200 metric ton a month. With the completion of the project, the current total capacity of Maltodextrin products of the Group stands at 5,500 metric ton a month. The Group is ready for the next phase of growth.

Government will give out Lot100 gula2 indirectly. No gula2... Rakyat get angry lor. wakaka

The government will give out more goodies before GE in next 12 months. It is certainly good to consumer and finance sector.