now o and g company start correction, should buy back good FA company like big steel counters.

buy on weakness. thanks to Masteel.

Salute to Masteel!

hi brother edward, thanks for the updates. the demand should still very strong?

damn strong..

the 50% output cut in china will maintain until march. guess this duration no much china rebar can come in malaysia. After march is the peak season for construction activity in china, the demand of rebar will shoot up but the china mills still need some times to increase and maintain smooth output production.
I foresee the rebar price at least will maintain high price for 1st half of 2018. what do you guys think?

thanks henly. looks like there are large orders to long steel counters. maybe the orders come from infrastructure projects..

I believe Mr. OTB and Mr. Koon will buy more.

Topup some on Masteel. I believe most of the value investors will decide to topup during this correction.

alliance steel promised their products are for export only. That's why government agreed to let them operate in Malaysia.

hold tight.. I am still holding this counter, follow OTB sifu's TP of rm2.54. If Q4 results > 10eps, the TP is upgraded to rm3.20!!

no eye to see

kena conned by kyy again

dunt want play liao. so difficult to up. cutloss.

come on brother SHC70, still use this tactic ar? you dont feel sien i also feel sien la..

Brother Edward said today rebar price up rm50/mt.. Can refer to SSTEEL forum.

edward123 Revised Announcement by Southern

18th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2630
Y10,12,Y40 &R10 =RM2780
R6,8,12,16,20&25=Rm2830 (No Stock)

Congratulation to apolloang. I still holding this stock and follow OTB sifu's TP = 2.54.

local institute is buying?

the possible impairment loss from JV's receivables is still the main concern..

the result is just good to maintain current share price..

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5638601

Thank you Bro Edward!

if you worry then sell, that's simple.

He want to sell HengYuan, thats why he ask you to buy.

KYY said buy more on hiaptek.

Hi Edward / Leoting, is the new rolling mill of Masteel at Bukit Raja produce premium size rebar like the T10 & T12?

rest a while...

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 14 December 2017, approved the listing of up to 106,810,281 Bonus Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:-

Masteel and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements (“Main LR”) pertaining to the implementation of the Proposed Bonus Issue;
Masteel and UOBKH to inform Bursa Securities upon completion of the Proposed Bonus Issue;
Masteel to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;
Masteel to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders at the extraordinary general meeting for the Proposed Bonus Issue; and
Masteel and UOBKH are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Main LR.


This announcement is dated 14 December 2017

Rebar price from brother Edward...

edward123 12th Dec 2017
Southern Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2520
Y10,12,Y40 &R10 =RM2670
R6,8,12,16,20&25=Rm2720 (No Stock)

Amsteel Pricing : (Afternoon) Up Rm20/Mt
Y16-32=Rm2520
Y10,12,Y40 &R10 =RM2670
R6,8,12,16,20&25=Rm2720

13th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2550
Y10,12,Y40 &R10 =RM2700
R6,8,12,16,20&25=Rm2750 (No Stock)

Amsteel Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2550
Y10,12,Y40 &R10 =RM2700
R6,8,12,16,20&25=Rm2750

Price Uptrend for December

thank you brother edward for the updates..

joeshare, whatever you said la. I don't even know if you said Masteel no good in i3 but you still keep buying a lot at 1.35 today. Too many people tell a lie in i3. Some even said the government contract will be halted until election is completed. Then Prasarana and all contractors eat wind for half year ar? So stupid statement. 唱空派都是那些等着买在低价位的人。

I only believe OTB analysis and comment from Henly, STC1136.

Why people so worry on long steel industries even they already know the ASP is increasing while cost is lowering, but they still willing to buy tech stock (very high PE while MYR is strengthen), O&G stock (but Petronas will not increase CAPEX, not much contract will be given out) while I can see there are even more uncertainties in these tech and O&G stocks.

then last year Q4 would also seen same problem (seasonal challenges due to holidays). But now the average selling price in this year Q4 is much higher than last year Q4, and import cost is lower due to strengthen of MYR. The profit made in Q4 is definitely better in Y-o-Y.

I really doubt this funny statement..

大选脚步将近，一般政府工程都会等政治稳定后才开工，避免政变导致合约工程变化导致亏损
Contract can wait one meh? Still got 6 months for the deadline of election, are you saying all contract will stop until election is done? If the project is delayed beyond the duration stated in agreement, they have to pay penalties. Will the contractors be so silly and just wait until election completed? Infrastructure project is definitely will not stop.

联合钢铁 is targeted for export (on behalf of China) and ECRL. Somemore it is located at Kuantan, transportation will cost a lot (see Perwaja/Kinsteel then you will know), while most of the infrastructure projects and mega projects are in central area, Masteel location is very strategic.
是危也是机，buy if you see there is opportunity.

From Edward post, market is now shortage of Y10 & 12. I think Masteel should be able to fulfill this demand as the new rolling mill at Bukit Raja is specifically produce high grade premium rebar with smaller diameter. Maybe they have all the premium stocks but just wait for higher price to sell. haha.

all users will buy rebar as they will not wait until next month because the selling price will further increase due to has hike

i just see higher selling price, lower import cost for raw material. Q4 must be very good.

the local rebar price is increasing as reported by brother Edward123. if no demand will the big4 increase the rebar selling price?

Talk gas hike again? Import scrap is the highest cost for ReBar. You know appreciation of MYR from 4.26 to 4.06 per USD has how much cost saving? Calculate this out first before talk about Gas hike.

I trust OTB is a gentleman.

Run your head la..

who absorb so much of share? All shares are back to the hand of market maker. Get ready to enjoy next rally in coming weeks.

Other stock without good fundamental can up, how come long steel counters with good profit will down? maybe people just scared of the gas hike (in fact it is only additional cost <rm50 per tonne)? I still believe the fundamental of long steel counters. Can you find other stock that has better future perspective than long steel counter?

technically just close the gap. nothing to worry. will rebound tomorrow. one of the best stock in import theme
..

only PE6. topup more.

People always can be so easy to sell off good stock. Lets see Masteel pay USD100mil for scrap import, electrode and etc. Last quarter need pay RM426mil, now only need to pay RM406mil, immediately cost saving 20mil in one quarter. Why want to sell cheap?

Follow OTB recommendation, bought below 1.50 for TP of 2.50, good return.

just buy..

support, buy at 1.50

thanks Henly for the advises. I will stop here. Let's hope everyone make good money from stock market.