Pass ex-date... Counter up. You can never guess the market. Haha.

PE for Masteel is just 8.2... Hold tight.

TP RM2.70 by first half of 2018...

Slow and steady wins the race

Initial price. Panic now.

Shark won't do just one round of shaking.. More to come before market closes and on next Tuesday..

Run first and buy after it stabilises

Wow gap down

GG

Thanks for sharing KC. Don't be disheartened by the naysayers and continue writing articles. I'm sure there is a group of silent readers appreciating your writing.

Good opportunity to top up.

Excellent news optimus9199.

The Contract, with an estimated value of up to RM82.5 million, will commence during the first quarter of 2018 and is expected to complete within the second quarter of 2024. Pursuant to the exclusive teaming arrangement between HSSI and HEB’s wholly-owned subsidiary, HSS Engineering Sdn Bhd ("HSSE"), HSSI and HSSE will be collaborating exclusively to execute and complete the Contract.

Financial Effects
The Contract is expected to contribute positively to the revenue, earnings and net assets of HEB Group for financial years ending 31 December 2018 to 31 December 2024.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650421

RM2.70.... Chant the magical numbers with me.. 2.70... 2.70... BY 2Q 2018 result announcement!

@Sandra86 Where are you? Please come and push down the price

@EveryoneCanTrade From KWAP maybe

Here we go again

LOL bring it, Sandra.

I makan 1.30 already.

Price attractive now. Queuing at 1.30.

I attack because your article lacks substance and does not provide any insightful information, and yet you still spam daily.

New contract

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5631045

Flying

This guy has to be reported as spam

I'm confused by you. One moment, A, another moment B. Sometimes we win, sometimes we lose. Just own up your losses and move on.

Masteel has rallied 23% recently. A few percent correction is normal. You can't expect it to go parabolic uptrend all the way to 50% without correction...

My point is that the supply side of the equation has drastically improved in favour of Malaysian steelmakers. What you should be worried of is the situation whereby China steel is so cheap to the point our construction companies all only buy cheap imported China steel. That's the situation whereby no matter how high demand for steel is, it won't matter because local steel is not consumed. In the current case, our local steel is being consumed.

Apart from the demand side, please look at the supply side. We have to factor in China into our analysis as well. Let's assume a simple scenario where demand is unchanged from previously until now. Before this, steel demand was met by cheap China steel, which in turn kicked our local steel players out of business. Now, we've kept China steel in check with duties and taxes. China themselves cut production by half. So, our local steel is now being consumed rather than China steel.

Strong buying. Could it be that institutions have gotten news that Superlon managed to tackle its cost issue and post good result in December?

Very strange share price queue and movement today..

http://www.theedgemarkets.com/article/pallete-lands-rm103m-contract-appoints-scientist-board

Positive development. Hopefully we can see some upward movement by this counter

There is high base effect from CIMB's high 3Q2016 profit, leading it to report only 10% yoy increase. Comparatively speaking, CIMB is pretty good because RHB down 3.3% and Ambank down 6%. Could go either north or south but don't think there will be drastic share price movement.

Thanks for sharing David.

Satisfactory result in line with expectation

Holding tight for my personal TP of RM2.70...

die

Great show today as we managed to sustain 14.39%. Looking forward to RM2.70!!!

2.70.... Chant the magical numbers with me.. 2.70... 2.70...

Thank you for your insight Mr OTB

MASTEEL'S GODLY PERFORMANCE HAS OVERSHADOWED LIONIND... BUT LIONIND EARNING CAPABILITY REMAIN INTACT... SAPU WHILE DISCOUNT NOW~

Sit tight.. HOLDDDDDDDDD

8% DISCOUNT NOW. SAPUUUU

EPF knows that upcoming QR is good...

Folks, my earlier messages are a celebration and self-patting for EXISTING SHAREHOLDERS for buying in before the QR was out. It was also a reminder that we have a long way ahead of this prosperous but perilous journey. It is NOT a buy call for people who are not in the game yet. Chasing high is dangerous.

Let's be realistic. This counter WILL NOT appreciate 5% every day until 2018. It will have its ups and downs. However, if you have the will and courage to hold, you will reap what you sow. Therefore, I would like to quote Mr OTB to buy on weakness to be on the safe side. Put on your thinking hat and plan rationally. Like what @aslm said, we are all here to make money.

Side note to @TradePlus, chill man. Don't get too emotional. Steady.

@TradePlus is correct.

If including the deferred tax, my TP is RM2.70.

If exlude deferred tax and take EPS of 7.6 for this quarter and calculate the whole thing again, my TP is RM2.20.

All transparent for everyone to see here.

Whether you take EPS 7.6 or take EPS 12.88, doesn't matter... What matters is if you have bought or did not buy... If bought already... 7.6 or 12.88 still HUATTTT

KWAP is back into business

Let's take a look at MASTEEL's valuation to see if all the positive news had been priced in:

At RM1.32, it is trading at annualised PE of 4.93x with EPS of 26.76c.
LIONIND is trading at annualised PE of 9.87x with EPS of 16.32c.
(Only these 2 have released their QR so far thus unfair if I bring in the other steel counters for comparison)

Since MASTEEL's stellar result is purely from its operating activities and not from any one-off disposal gain, I am assuming that financial performance can be sustained at this level with prospect remains bright buoyed by all the positive development I have listed earlier. Pushing to a PE of 10x, my TP for MASTEEL is RM2.70.

@STC1136 I'm in the same boat with you targeting RM2.70 by 1H2018!!

We should see a fantastic show tomorrow. Everyone has their own strategy. Some will take profit from the sudden surge in price, while others may decide to hold. No right or wrong here, but may I just offer my 2 cents that the present time is just the beginning of a long, prosperous journey to greater wealth. My reasons are:

Apr 2017: Safeguard duties for steel concrete reinforcing bar (rebar) and steel wire rods & deformed bar in coils (SWR & DBIC) until 2020

Oct 2017: Provisional anti-dumping duties ranging from 7.27% to 111.61% on cold-rolled stainless steel (CRSS) will be imposed on imports from China, South Korea, Chinese Taipei and Thailand. Effective latest by Feb 2018

Nov 2017-Apr2018: China cracks down on Chinese steel producers over the winter in order to curb oversupply and improve air quality. Steel production capacity could reduce by half. This augurs well for Malaysian steel players as price remains extremely healthy as a result of this crackdown.

Remaining 2018: Major infrastructure and rail projects will continue to provide strong demand for Malaysian steel. China's Belt and Road initiative in Malaysia involving constructions of ports and transportation facilities will benefit steel players.

I hope I can get the message across clearly and succinctly that this is just the starting point... More to come.

GAPPPPPPPPPPPPP UPPPPPPPPPPPPPP TOMORROWWWWWWWWWWWW

omfg... this result is godly..