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2021-05-07 10:59 | Report Abuse
Information about the Philippines market as extracted from the funds raising in 2018:
1. Philippines has a population of approximately 100 million with no existing tinplate manufacturers
2. Tinplate in the Philippines are mainly sourced from other countries. (China, Korea & Japan)
3. The annual domestic demand is approximately 220,000 mt
2021-05-07 09:18 | Report Abuse
JFE Shoji and Nippon Steel don't sell the black plates to outsiders other than their related companies. It is highly capital intensive for setting up black plate production facilities as the products are typically catered to automobile and ship building markets. Black plate for producing electrolytic tinplate market is obviously too small in contributing to the turnover.
2021-05-07 09:07 | Report Abuse
Perstima is actually controlled by JFE Shoji, the second largest shareholder and the sole raw material (black plate) supplier. Electrolytic tinplate manufacturing does not require high capital intensive or technology skill. The high bearer of entry is to obtain reliability long term supply of black plate for producing electrolytic tinplate.
2021-05-06 22:22 | Report Abuse
Electrolytic tinplate market works in an oligopoly manner. It seems they have a common consensus in setting up a factory in each country of SEA.
Factory capacity per year
1. Perstima Malaysia - 200,000 mt
2. Perstima Vietnam - 120,000 mt
3. PT Pelat Timah Indonesia - 160,000 mt ( controlled by Nippon Steel)
4. Siam Tinplate Thailand - 140,000 mt ( controlled by Nippon Steel )
5. Perstima Philippines - 200,000 mt
2021-05-06 22:02 | Report Abuse
Exactly.
Posted by Ben Tan > May 6, 2021 9:37 PM | Report Abuse
Up_down, thank you for your comment. This is very interesting. So what you are saying is that their dividend payout comes 1 quarter later every time?
2021-05-06 20:19 | Report Abuse
Ben Tan, Nice follow up with the glove sector. Harta dividend policy is quite consistent with the payout 60%. The latest dividend declared 17.7 cents was derived from 3rd Qtr 2021 EPS 29.3 cents x 60%. Next round of dividend expected is 19.7 cents ( 4Qtr EPS 32.75 cents x 60%)
"
However, the dividend payout for the financial year came at 39.4%, far below 60%. The closest it came to the mentioned 60% payout was in the last quarter - 54%. No guidance or explanation was provided that I could find, neither in advance, nor post factum on where this significant difference came from. I have recently discussed elsewhere that the lack of proper dividend policy for most Malaysian companies makes it all the more difficult for minority shareholders to analyze the companies and the corresponding risks. Such significant discrepancies don't make it any easier."
2021-05-05 16:08 | Report Abuse
Currently, Persima was merely enjoyed net profit margin 9% in the latest QR, at much lower than export rebate given by China. The potential of margin hike is imminent in near future as Asia electrolytic tinplate prices is mostly driven by the influx of products from China with the fully refund of 13% VAT for export overseas.
https://hs.e-to-china.com/hs-code-7210-d_3-t_2.html
2021-05-05 15:34 | Report Abuse
Electrolytic tinplate products are under HS code 7210 which is within the range of the removal of the of export rebate.
https://www.steelorbis.com/steel-news/latest-news/china-to-remove-export-tax-rebates-on-146-steel-productshrc-affected-not-crc-and-hdg-1197361.htm
2021-05-05 15:14 | Report Abuse
Good news to Perstima to increase profit margin on their products.
https://eurometal.net/china-cancels-export-rebates-for-most-steel-products/
2021-05-03 13:15 | Report Abuse
Perstima may not be able to pay high dividend as cash is needed to fund the new factory in Philippines. Expecting dividend of 30 cents to 50 cents when Philippines factory starts contributing profit.
2021-05-03 12:50 | Report Abuse
Accumulate Dlady at the prices 10 years ago while skimmed milk powders has moved into high level.
2021-04-17 14:56 | Report Abuse
Tinplate selling price remains moving upwards as stated by Johortin in the latest quarterly report.
Prospect - Johortin
Steel price continue its uptrend and with the higher raw material costs, we will have to adjust our selling prices accordingly and this will create a challenging business environment for tin cans.
2021-04-11 12:52 | Report Abuse
Tenova chooses ABB automation and drives systems for new tinning line plant in Southeast Asia
https://new.abb.com/news/detail/73515/tenova-chooses-abb-automation-and-drives-systems-for-new-tinning-line-plant-in-southeast-asia
2021-04-11 12:50 | Report Abuse
New Tinning Line With Insoluble Anodes For High Quality Strip To PERSTIMA, In The Philippines
https://theenergia.com/new-tinning-line-with-insoluble-anodes-for-high-quality-strip-to-perstima-in-the-philippines/
2021-01-30 09:30 | Report Abuse
Paperplane. Perstima would do well due to increasing of tin plate prices for the past few months. Bảo Steel has announced increasing of the selling prices early this year. Further more, Perstima is expected to complete its new factory in Philippines at the end of 2021.
2020-12-31 20:38 | Report Abuse
Mr. Tan,
This is my stock picks for 2021.
1. Perstima - 30%
2. Kossan - 30%
3. Harta - 30%
4. F&N - 5%
5. Dlady - 5%
Thank you.
2020-05-26 23:50 | Report Abuse
China medias have changed entirely since Xi taking over the helm of CCP. You would be laughing when reading their news titles.
Deng slogan: 韜光養晦
Jiang slogan: 悶聲發大財
Hu slogan:不折騰
Xi slogans:
- 厲害了我的國
- 超英趕美
- 中国放一大招 美国傻了 俄罗斯惊呆了 日本吓尿了 欧洲倒吸一口冷气台湾岛内哀叹一片,韩国羞愧了,朝鲜沉默了,菲律宾跪了,越南老实了,印度媒体惊呼中国已成世界第一!
- 要出大事了,中国又一法宝让美恐惧,世界都看傻了,日本彻底怕了
- 中国秘密武器无敌了,北京下死手,震惊了全世界,美国吓尿了
- 中共军方又一技术取得领先,美国已失去优势,中国56大逆天项目,美看完彻底佩服?
https://www.aboluowang.com/2018/0109/1052160.html
2020-05-24 22:19 | Report Abuse
US has admitted their biggest failure through influencing CCP to transform into democracy systems in the past 40 years. The are awaken so they intended returning to cowboy now...no more preaching.
2020-05-24 21:18 | Report Abuse
US 1 trillions bond....is it enough to cover economy losses and more than 100k dead in US? Are you expecting top 20 countries governments to tell their own folks that it was all their own government fault or mistakes for not taking prober actions in combating coronavirus, and therefore, the loss of economy due to lockdown is unavoidable and must be born by their own folks?
No country dare to make a compensation from China except US. US is now leading all of them to make the claims. Can CCP simply get away by saying that the virus come from US?
2020-05-24 19:54 | Report Abuse
US is not kidding with CCP anymore. They are preparing for this by putting into actions. CCP don’t even dare to make noise when Navy P-8 With Secretive Radar Pod Surveils Massive Chinese Naval Base In South China Sea.
https://www.thedrive.com/the-war-zone/33482/navy-p-8-with-secretive-radar-pod-surveils-massive-chinese-naval-base-in-south-china-sea
https://thediplomat.com/2020/05/us-b-1b-bombers-conduct-indo-pacific-activities/
2020-05-24 19:39 | Report Abuse
Cold War is small matter. What people worry is hot war. It’s very difficult for US government to comfort their citizen as coronavirus dead keeps running up. They won’t put the entire blame to Trump but diverting it to CCP. US is leading the world to this direction and making a huge compensation. US would take this opportunity to.......Hard to escape this time.
2020-04-21 18:12 | Report Abuse
It takes 2 weeks only to fill up most of the storage capacity. Demand slumped more than expectations. See what would happen another 2 weeks.
2020-04-10 17:44 | Report Abuse
No easy to earn 1k subscription. When DJ goes up or down 1 or 2k, his subscribers keep asking for advice....sifu also pening. How to stand in such a volatile situation as it happens many times in the past few weeks? ...Unless you don't look at DJ movement. lolz
2020-04-09 10:21 | Report Abuse
See how crude oil to perform in next month after enjoying the rebound rally party.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/no-place-to-go-oil-storage-filling-up-amid-collapsing-demand-excess-production-57865154
2020-04-07 22:46 | Report Abuse
1998 was more or less regional financial crisis popped by hedge funds from western countries. This year is entirely different as taiko US leading the way to pump unlimited funds into the market.
2020-04-07 22:36 | Report Abuse
KLCI index is heavily manipulated by local funds. We are more hardworking than him through focusing in individual company rather than koyang kaki waiting index drop below 1k.
2020-04-07 22:24 | Report Abuse
We can’t discount the probability of the share prices to go down further after the company has announced their QR. There are many counters in Bursa. It doesn’t mean that all would be effected badly with poor outlook prospects. I am more interested with what US government would do in order to rescue the recessions or counter the unemployment more than 20 million in next few weeks.
2020-04-07 22:09 | Report Abuse
Probability. Coronavirus is no more an interesting topic to us to make money now . We have to move beyond coronavirus. No mater how, we have to live together with the virus at least in the next 6 months.
2020-04-07 21:42 | Report Abuse
Cari makan in stock market is not easy but also not that really difficult. It’s whether we can stand with the losses that keep happening especially to a trader. It’s no ending suffering until we are willing let it go nicely. Life is just like that in the stock market. No right or wrong at the time of making a decision ...play probability most of the time.
2020-04-07 21:31 | Report Abuse
Feeling excited doesn’t mean that we would take action to buy during the fear period. Lolz
2020-04-07 21:10 | Report Abuse
Pigs get slaughter because they don’t know they are being pigs in the market.
The point is how we lead (educate constantly) ourselves to interpret a situation which has a different conclusion with majority of the investors.
2020-04-07 20:38 | Report Abuse
在牛市的狀況下, 一個好故事能把牛糞和工堆變成黃金。不但如此,在熊市回彈的想像力下,市場也能把牛糞和工堆變成黃金。
2020-04-07 20:26 | Report Abuse
股市一直在眾多因緣之下而呈現不同的狀況.每個人解讀也有所不同,在同一個候能呈現三種不一樣的結論就是黃金、牛糞和土堆.
2020-04-07 18:09 | Report Abuse
黃金和牛糞在股市不斷地演變。同一個股,有時候看起來是牛糞,有時候像黃金,有時候似乎是一堆土。是心態還是因緣呈現不同的狀況……
2020-04-07 11:56 | Report Abuse
The steel sector is on the right track to recover from badly hit. Go go go!
2020-04-06 12:27 | Report Abuse
It's the time to relook of badly hit sectors for the past 2 years ie steel.
2020-04-06 12:08 | Report Abuse
Huge infrastructure spending is the only way to go helping with the real economy out of recession. There is big demand in steel when many countries have initiated mega projects.
2020-04-04 21:51 | Report Abuse
The western countries leaders will be all together pointing finger to China for the spreading of coronavirus. They won’t admit their own mistake of being acting slowly against the pandemic. Hatred is brewing when they see their family members dying due to coronavirus. China would be having tough life of decoupling from all western countries in future. No way of returning to the good relationships as it used to be unless CCP collapses. The world will be splitting into 2 gangs...either pro China or Western. Many countries may have to declare their stands....
2020-04-04 20:46 | Report Abuse
Junichiro. Life is like that la....極樂生悲. Trump was focusing in playing the best ever party in the Wall Streets one and half month ago.
2020-04-04 20:20 | Report Abuse
Trump would be backfired if he advised his people to wear masks. Many people might have bombarded him for not getting ready masks since the past 2 months.
2020-04-04 20:11 | Report Abuse
Trump was merely advised smartass what they like to listen for their own personal pleasure. Those dumb people would quietly accumulate masks for self protection.
2020-04-04 18:31 | Report Abuse
Money cannot buy everything. That what is happening in US now. US is able to print unlimited USD but they are unable to buy or produce enough masks for their own people at this moment. What a pity to their outdated bureaucracy risks management strategies in dealing with the epidemic.
2020-04-03 12:39 | Report Abuse
Airline, tourism and hospitality industry are dying in coming months. No way it would recover fast unless Coronavirus is suddenly disappeared or vaccines is found. To speed up the recovery of the economy, huge spending in infrastructure is unavoidable to fill the gap missing in badly hit services industry. US has no alternative other than introducing massive USD 2 trillions infrastructure expenditures. It could be a good opportunity to accumulate steel sector to bet on the recovery.
2020-04-03 12:37 | Report Abuse
Airline, tourism and hospitality industry are dying in coming months. No way it would recover fast unless Coronavirus is suddenly disappeared or vaccines is found. To speed up the recovery of the economy, huge spending in infrastructure is unavoidable to fill the gap missing in badly hit services industry. US has no alternative other than introducing massive USD 2 trillions infrastructure expenditures. It could be a good opportunity to accumulate steel sector to bet on the recovery.
2020-04-01 14:18 | Report Abuse
It is obviously that Trump is not good at handling coronavirus crisis. Be aware of old saying...禍不單行.
2020-03-30 21:20 | Report Abuse
Huge amount of money is needed to keep running the country in a tough situation like what is happening now. China import around 20% of the foods products from overseas every year. How to stand if the world is falling into ice age and not many got money to buy manufacturing products from China? China needs trade surplus to support its imports. USD earned for the past 40 years are mostly keeping by China elites overseas...it’s quite tough to China in reality whereas US able to simply print unlimited amount of money to rescue their economy.
2020-03-30 20:59 | Report Abuse
The infighting within CCP is getting intense due to personal interests keeping the in western countries. They can’t stand with Xi leadership of being the King of China.
Stock: [TAANN]: TA ANN HOLDINGS BHD
2021-05-10 14:46 | Report Abuse
TAAn earnings was dragged by one off impairment and written off PPE in timber division in last quarter. Lumber price hike is the game changer besides CPO bull.