Datuk, you are the one who goreng Tiger, don't pin-point to other people ok?
Please look at bursa disclosure yourself, then you will realised how many transaction you have traded over the years. Please spend more time to focus on your business, don't always goreng share, company pay you the salary is for you to work, not for you to trade share everyday.

BUKIT MINYAK: Steel production curbs in China is good news for manufacturers around the world.

Chin Well Holdings Bhd, a Penang-based maker of industrial grade fasteners, sees a strong pick-up in demand next year as clients in Europe stock up in anticipation of a further increase in prices.

“The price of wire rods has gone up by more than 80% since early 2016 because China has cut back on steel production,” Chin Well group executive director Tsai Chia-ling told StarBiz.

“Customers expect the price of steel to continue to go up in 2017,” she added.


The stocking-up by customers in Europe also coincided with the seasonal surge in demand.

“We can also expect more buying from Europe next spring because that is when a lot of construction activities start to happen,” Tsai said.

“The weakened ringgit will also help to make our products more attractive to customers,” she added.

Zai Zai, last time you said you confirmed Ann Joo and SSteel wont merge.
Any reason made you to think so? Can share more info with us?

One day SAB will become like AJINOMOTO.
Its assets value will be release, EPS will be increase, and share price will follow up.
Give it few years, sure it can break RM10

Where is boneschythe?

Why CSCSTEL drop so much in the past few weeks? Any specific reason?
1) Company sell treasury share?
2) KYY dispose?
3) Quarter result below expectation?

Why rely on chart?
Today got good news, many people buy, so MA20 cross above MA200, so you go and buy.
Then tomorrow overall market down, many people sell, so MA20 cross below MA200, you sell again.
Then another day market rumour said company got new contract, many people buy, MA20 cross above MA200 again, then you buy again.
One week later, 1MDB got bad news, KLCI drop heavily, MA20 cross below MA200, you sell again.

Revenue stagnant = No Growth
Revenue stagnant, and profit decrease = Margin Squeeze
ROI < 10 = Not efficient
Based on 10 times PE, the share price is reflect its value d.

However, if the coming quarter revenue can exceed 35mil, and net profit above 3 mil, then it can reach 26 sen.

SILK's oil and gas division is JASA MERIN.
Jasa Merin brand name is a very strong and reputable brand in OIL & GAS Support industry.
As oil price start to recover, JASA MERIN will be able to turn into profit very soon (within 1-2 years). And if the sale proceed use to payoff the debts, the JASA Merin will be very profitable in future, as majority of its cost is the loan interest.

Last time IJM announce to buy at RM398mil, silk's price surge to RM1.20.
This round PNB announce to buy at RM380mil, silk's price will surge to RM1.15.

Will this abort again? NO NO NO, because it is PNB, not IJM.

moneykj, please do more homework.

MoneyKJ, is bond la, not internal fund la.

Good to have Chin Well = 有你”真好“

Haha, wealth wizard's report is now more popular than Investment Bank report d.
I believe many Research House is waiting for your report, so they can copy and paste into their own report..

Can anyone share with me how much revenue Vietlot has contribute to BJCORP in the last quarter result?

Mother price drop, warrant also drop.. Many warrant holder will give up to convert it into mother share. Haih.. Useless management...

Waiting for Wealth Wizard article

cooldownguy86, if you look at the last quarter report, you will realised that the Trade Payable has reduced substantially. The company has increase its borrowing in RM to payoff its trade payable in USD or EUR. The company made a good decision, as USD has strengthen so much compare with few months ago.

When i was young, I work in an audit firm.
That time I was assign to participate in a due diligence project (Company A being acquired by Company B, both listed company).
I was very happy and I ask my brother to accumulated the Company A share.. From that day I bought until I left the audit firm and change few jobs, the deals is still not on. If not mistaken, it was only done after 3-4 years.

What I try to say is, maybe KS55 need 3-4 years to prove what he said today is truth.

mjy88, the new hospital is only 130 only la. For a Hospital, 130 beds consider very good d.
For reference, all Columbia Asia Hospitals have less than 100 beds.
Prince Court KL Hospital have 277 beds only.
SJMC have 393 beds only.

So for TDM Terengganu, 130 beds are very suitable size.

Corporate merger... haha.. then I think SSTEEL at least worth RM2.60.

投资有风险，25年里小杰可能面对2次大经济风暴和无数的小风暴，所以到头来小杰的资产可能剩下200千。

Anyone holding Digista-wa? As it is going to be expired soon, May I know what is your plan, to sell, to convert, and let it become waste paper.

I have spend sometime to study the entire history of the company, and I can summarize it as below:-

The fact are as below:-

1) Digista-wa has around 100 million unit, and all this 100 million is hold by retail investor, Datuk Wira already sold all his Digista-wa few years ago.

2) If we assume all this 100mil WA holder convert it to mother share, then Digista will raised RM13million cash at no cost.

3) However, if all convert, then EPS will be diluted by 20%, and Datuk shareholding will also be diluted by 20% (current Digista's ordinary share is around 500mil, if all converted, then will increased to 600 mil)

4) As digista's gearing is already very high, it is very difficult for the company to get financing anymore.

5) As Digista already have few round of private placement in the past few years, all almost all the private placement subsriber are facing loss, as the share price keep dropping, so I think it is very difficult for the company to raise new capital anymore.

6) Looking at the uncertainty economy for 2017, every business holder would prefer to have more cash on hand, especially if this cash are non-interest bearing.


My opinion are as below:-

1) Since Datuk Wira no longer hold Digista-wa, so the expired are unlikely to force him to have any movement.

2) Digista mother share are unlikely to drop below RM0.13, because if do so, then the company will lost its opportunity to raised RM13million fresh capital.

3) In Sep 2013, Datuk sold off all his Digista-wa, around 40 million unit, so where is this 40 million warrant now? If you look at Digista-wa volume, it is very unlikely for the market to absorbed 40 million warrant in few day, so there must be some invisible market player swallow it.


Conclusion:-

I believe the share price might go up in coming few weeks, so that people will interested to convert the warrant into mother share.

Hi Mr Tan KW

My stock pick for Year 2017 are:-

1) CHINWEL- 25%
2) TDM - 30%
3) SSTEEL - 20%
4) DIGISTA - 15%
5) SILK - 5%


Reason:-
1) CHINWEL - This company has strong market share, cash flow is stong, dividend yield is good

2) TDM - Palm Oil + Hospital business will never get wrong

3) SSTEEL - This is a sleeping iron dragon. Once it wake up, its share price will on par with AnnJoo

4) Digista - Worst has over, it will start received consistent monthly concession income.

5) SILK - Waiting for someone to buy its SILK highway.

I lost not less than RM500k in the past 11 years in stock market, I have being cheated by so many listed company, I learned a lot of trick they play, how they con retail investor, so I think my comment to you carry some weight, please do consider, no harm ya.

Beside that, the RM652 million is also a trap for those who not familiar with accounting standard.

This is a PFI project, that mean Melati have to incurred it own cost to build the building, then only lease back to government for the next 30 years. After 30 year, the building below to government.

That mean, during this 3 years of construction period, they wont be any net profit earned from this project. And the cash flow will be very weak, as it will only have money outflow, but no money inflow.

To finance this type of big project, Melati have to borrow loan and it will incurred loan interest.
If I assume Melati borrow RM400mil loan @ 5%, then average interest per year is RM20mil.
This RM20million incurred dutring the construction period (3 years) is not able to capitalised, it will directly charge to Profit & Loss.

Therefore, since the price still ok, you better quit yourself first, wait until 3 years later, the project completed, then only you come and enjoy the fruit. I'm sure you can buy at cheaper price than now.

erkongseng, why you trust this Melati Ehsan so much?

If you are free, please spend a little bit of your time, go to find out what happen on its project at Taman Ehsan Jaya, Pandamaran.

After you know the issue and problem face by this developer, you might change your mind on this counter again.

maybe we should question who bought the 55 mil warrant from him?
I think retailer maximum take up 20% of the 55 mil, balance 80% must go to another big shark hand, right?

For investor who know well of Digista, they should know that Digista like to adjust the account at the Q4, no matter how good the result in the past 3 quarter, when come to Q4, it will be adjusted to heavy loss.

Why Digista like to adjust it on Q4? The answer is very simple, Q4 is the last quarter, this is the only chance for company to make sure its quarterly report would not vary from it audited account.

Conclusion, based on this Q4 report, we can sure that Digista now is on the track. All the net profit it declare in Q1, Q2 and Q3 are reliable, it annual EPS is roughly 2.30 sen.

Based on 10 times PE, it share price should be minimum RM0.23.

If youcompare Masteel and SSteel, then you will know how good is SSTEEL

Faded is a very good song, in both lyrics and music.

Can any sifu here go to analyse the quarter result from perspective below:-

1) Why revenue reduce? Due to lower demand or short production cycle during Hari Raya Puasa.

2) The reduce in Europe market is due to Europe Economy down, or due to China competition?

3) What is the profit generated from its Vietnam subsidiary?

4) What are the current production capacity utilization rate?

hng33 is smart, although WTK is a good counter, but I think the price will slowly go back to RM1.05 -RM1.06. I don't know why, but it seems like this counter is controlled by someone, and the someone purposely pull down the price.

Fund manager told me that Steel Counter will move up very substantially on Jan'17.
Ask me to hold whatever steel counter that I have, especially those top 1-3 leader in steel industry.

Before trump win, a lot of people worry a lot of bad thing will happen after he win. But now, everything seem better. Same for malaysia, many ppl worry if BN lose a lot of bad thing will happen, but I believe we all are human, we have the brilliant mind given by God, we know how to create a better malaysia after BN lose.

Borrowing increase because they paid off a lot of trade payable last quarter, you can see substantial reduce in their trade payable.
I think they foresee USD will be strengthen, so they choose to paid off the trade payable, as normally majority of the trade payable are in USD (as they import raw material).

Ssteel make big money

Hope it won't gap up too much, let me buy more first

销售价提高及成本走低，带动南达钢铁（Southern Steel Bhd）首季转亏为盈。

南达钢铁指出，截至9月杪的2017财政年首季，净利为1930万令吉，相较于上财年同期净亏5191万令吉。

然而，首季营业额下滑1.1%至5亿8575万令吉，同期是5亿9244万令吉。

根据该集团向大马交易所报备，首季取得3300万令吉的税前盈利，相比去年同期的5700万令吉税前亏损。

展望未来，该集团预计，2017财年的市场将保持不确定和波动，原料成本上涨，以及市场需求趋软。

政府早前宣布，自9月26日起，对进口至大马的钢卷和钢筋分别征收13.9%和13.4%的临时保护税，然而，该集团预计本地市场仍具竞争，因将需要几个月的时间方可耗尽现有市场的廉价进口库存。

南达钢铁今日下跌2仙或1.6%，收报1.22令吉，市值为5亿1462万令吉。

My estimated PBT is RM40mil, but now actual result is RM33mil.
Because I didn't expect the provision for write of inventory will be same high as last quarter (since steel price has gone up, so there shouldn't have any provision).
But anyway, this result is pretty good for me d.
One more good point, SSTEEL confirm that they have no borrowing in Foreign Currency. So the depreciation of ringgit won't affect them (except for the purchase of raw material from oversea).

This author must be received a lot of benefit from the company, if not why he promote this kind of stupid n conman company

Asian crisis come again

What happen to KLCI? Foreign Investor sell?

What happen to KLCI? Foreign Investor sell?

why so naive?

Dutaland has so huge Oil Palm Estate, but why its revenue from plantation so low?
What happen to their oil palm? Masuk pocket sendiri?

Annetan, all this while, SSTEEL has made the provision for the SHRC here and there, that why quarter you can see some impairment loss...

But now, this RM141m is the final amount to be write off, you can see the statement in the QR.

Below is the paragraph stated in the quarterly report:-
"Pending the outcome of SHRC's claim against Danieli in the arbitration, an amount of RM141 million (Represent the TOTAL CAPITALISED DIRECT ATTRIBUTABLE COST in commissioning the plant and the CAPITALISED BORROWING COSTS incurred for the plant) was written off and is included in the financial statement"

Revenue - RM591M
Cost -(RM501M)
Gross Profit - RM90M
Expenses -(RM44M)
Interest -(RM 8M)
Profit before Tax - RM34M

Such a beautiful result, where can find such a undervalue company?

PBT RM40mil is not a wild guess, it is achievable.

Wow... Good thing coming soon.
The reason they propose Par Value Reduction is because they want to have private placement... up to 30%, this would emerge as the biggest shareholder in this company.

After the exercise, you will see a brand new Sycal:-
i) New substantial shareholder;
ii) Healthy Balance Sheet with Retained Profit (no more accumulated losses)
iii) Healthy Balance Sheet with additional RM30mil ++ cash
iv) Company can start pay dividend, as it has retained profit d
v) New project inject by shareholder, like what happen in KERJAYA PROSPECT (aka FUTUTEC)

Hi Moneysifu, it was by verbally told during the seminar, nothing to share with you. But most likely you are correct, because I google also cannot proof Southern Steel has commence it HRC production.