In a relatively stable environment then yes you're right Shrekk. But due to the current market uncertainties, it does not feel like the right time. Not much difference in waiting it out for clearer signs of market stability, even if it rises to RM2.40+ in the short term it's not too late to re-enter.

6182al, you're right. tzi_smile, if you're still on a profit, it's good time to get out & wait and see.

Drago Tian it breach your TP of RM2.28 by 5% already. So are you buying now? XD

Mafanyau, maybe at RM1.80, PE (ttm) of 4x, and historical yield of 8%? But, even if it reaches that point, I think you wouldn't dare to buy too, because USD/MYR might be at RM4.10 and KLCI at 1400?

I have sold off at around higher range of 2.30+ at a minor loss due to very weak market sentiment, because the whole market was trending down, didn't make sense for Matrix not to follow suit. Now adopt wait and see, may pick up at 2.05-2.10. Look at its peers like Tambun, Huayang, KSL.

The sell off could be justified, in line with weak market sentiment. Tambun dividend 6%, Huayang 7.3%. One in Penang, one in KL. Why would Seremban receive a better valuation?

Share price down on profit taking today. But long term fundamentals still in tact.

Why is ECSa new star?

Drago your TP is very conservative. I would love to buy in at that level too but don't think it's possible unless there is major volatility in stock market in near term.

05 Aug 2015 - Scientex acquires Mondi Ipoh Sdn Bhd for RM58 million cash - http://www.bursamalaysia.com/market/listed-companies/company-announcements/4820917

Collected small number of lots at RM2.48 and RM2.47.

It is a good entry point now, with the high dividend yield of above 5.5%.

Have trust in Dato Lee as Hulk above said, and management's track record. The company through his leadership has delivered consistent profit growth since listing, combined with consistent dividend payments.

ks55, you attended the AGM? What did masteel directors say about the 1q15 increase in inventories and corresponding decease in trade receivables? Also did the shareholders ask about the past auditors, what was the response?

calvintaneng can you recommend a few developers in Johor? Heard Scientex is one of the leading developer for houses in the price range that you mentioned (approx 200K - 400K). But for houses below 100K are they not those under gov scheme available to Johor people only?

calvintaneng spot on, thanks for input.

However there is inconsistency in the news reports, can please help clarify?

30 January 2015:
MITI says no reasonable justification that steel bar imports from China and Korea affect local producers - http://www.thestar.com.my/Business/Business-News/2015/01/30/MITI-say-imports-of-rebar-from-China-Korea-wont-impact-local-industry/?style=biz

Is it possible the real reason behind the losses mainly due to weakened MYR (raw material cost escalate), and not so much due to dumping? Or is MITI wrong about the situation?

2 July 2015:
Masteel indicate that 5% duty on carbon steel bar and wire rods, and CIDB Act to enforce Sirim standard conforming and CIDB approved products to help ease the situation of cheap import - http://www.thestar.com.my/Business/Business-News/2015/07/02/Masteel-sinks-into-first-quarterly-loss-in-two-years-and-sees-challenging-times-ahead/?style=biz

The CIDB Act sounds promising to Masteel, if enforced propery. But the 5% duty, how does it help Masteel, do they sell carbon steel bars?

Beststock, even though current price is very attractive due to large discount based on P/B because of recent forced selling, how about looking at fundamentals? Looks like a high chance for continued loss for the rest of the year, due to the same fundamental problems.

Revenue factors:
1. China overcapacity + dumping = unprofitable selling prices globally. Right now this one of the main problem pushing the company financials into loss making territory.
2. Malaysia construction = potential slowdown in new projects due to political situation? If this happens, the company financials might be impacted even more than right now.

Cost factors:
1. Strong USD (interest rate hike) + weak Ringgit (investor flight) = raw material prices shoot up
2. Higher electricity cost + labour cost = operating cost goes up

For the stock price to start climbing up again, it will need to be supported by improving profit, or the potential for profit improvement based on industry development. What IF the losses persist for the next one or two years? How would this affect the stock price?

Cut loss? Hold? Buy?