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

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

Good news to Perstima to increase profit margin on their products.

https://eurometal.net/china-cancels-export-rebates-for-most-steel-products/

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.

Accumulate Dlady at the prices 10 years ago while skimmed milk powders has moved into high level.

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.

Nice story. Play safe with MBMR.

One of the Fong siling picks YOCB.

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

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/

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.

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.

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

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.

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?

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/

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.

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.

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

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

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.

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.

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.

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.

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.

Feeling excited doesn’t mean that we would take action to buy during the fear period. Lolz

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.

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。

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．

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……

The steel sector is on the right track to recover from badly hit. Go go go!

It's the time to relook of badly hit sectors for the past 2 years ie steel.

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.

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....

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.

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.

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.

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.

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.

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.

It is obviously that Trump is not good at handling coronavirus crisis. Be aware of old saying...禍不單行.

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.

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.

China is either decoupling with the western countries or take tough action to reform its political structure and putting all the blame to the CCP later.

Huge amount of money keeps by China elites in western countries....sayonara.

Walker. It is still Ok to enjoy tour in Asia. ..the western politician will take such advantage and refuse to admit their mistakes of being slow motions in fighting with the viruses.

It’s only started by US and soon It would be all western countries. We will witness decoupling between Western countries and China. Globalization is killed by Coronavirus. The best period for having a pleasure tour by Asian in western countries is over....

Why Q3 can’t see COVID-19 Leadership Lessons From Malaysia: Be Ready, Be Bold & Be Decisive Amid .....All sort of reasons came out just because people are not allowed cycling outdoors...

You allow your mind to live in Wuhan whereas your body is staying in Malaysia now. Lolz

Q3. How come you become a short sighted person and being so pessimistic now? If most of the people cooperate with the government to fight against Covid 19 during lockdown period then we won’t be end up like Wuhan. We can resume our normal life early. If you were staying in Europe or US, you might have to wait 2 months at least for breathing fresh air in the park.