From TA point of view, Macd high now.bad news will start to come out.funny bloggers will tell u overvalued stories intentionally or unintentionally. let the last washing come n become the last chance to onboard cheaper.lol....if coming quarter 100mil I cut paper bird.

my main counters earlier supermx/harta have rebounded, my myeg has rebounded, my jaks has rebounded, now waiting for you CMSB.... i believe your time is near. wait you few more months.

i support CMSB. bought alot too. Total 31 batches, highest batch 3.39 to lowest batch 2.27. avg price 2.43.... wait Taib collect enough then will fly.

my avg is still 1.18. total 52 batches, sold 14 batches, holding tight on 38 batches. Most recent indonesia news gap up 1.2, pulled back to 1.13... very tricky counter but is a matter when he want to wake up only. before or after cny? haha... let's see

i just look back, my 1st bought of jaks is at 0.56, and last bought was 1.42 yesterday. total 34 batches, in between i sold 13 batches. still holding on 21 batches. although my TP is quite conservative at 1.6-1.8, but i hope to see if it can go higher like 2,3,4. haha.

haha. but my avg is high 1.51. cause i have been collecting alot at 1.5-1.6 range earlier too.

im a big supporter for supermx. go go go. collected at 1.3 another round :p

Thanks dagnarus! In this case Masteel PE is considerably low compared to its peers Annjoo, Lionind and almost same as SSTEEL. Still can buy more.

all the sifu, I would like to ask a question:

What is the PE for masteel now? Due to it has bonus issue 1:5, and 1:3. I have confusion to calculate its PE.

if I use the last 4 quarters EPS, I get EPS=(4.38+12.88+4.02+4.2)=25.48

if I directly use net profit/total shares = (10589,000+38670,000+12115,000+17222,000)/422,224,000 = 18.73
*** this total shares 422,224,000 is already inclusive the bonus issue shares

assuming current price is 0.825,
If i use EPS as 25.48, the PE calculated is 0.825/25.48=3.24.
If i use EPS as 18.73, the PE calculated is 0.825/18.73=4.4.

So is Masteel PE now 3.24, or 4.4???
Thanks in advance

To me.annjoo TP around 3.masteel should priced around 0.8X. at least 0.8. annjoo directors kept buying own shares,means it is undervalue.if annjoo can continue its momentum up,masteel shall be following as well.

Finally.after my long wait.gogogo.accumulated 0.61 it went down 0.52.if 0.5,0.4 I will average down again.but it went up 0.52 up fiercely.no choice average up 0.585.now 0.67....without hesitation,average again 0.67.hope it fly break 0.7 resistance then can be more excited.

One day so many news.what a bad day

http://www.theedgemarkets.com/article/steel-industry-faces-rm100m-additional-cost-following-icpt-adjustment-says-misif

“Based on an assumption of 5% growth in steel consumption in 2018, we think that the industry utilisation rate could fall from 88% in 2017 to 75% in 2018 based on the base case scenario where Alliance Steel comes on stream with 1.5 million tonnes capacity and Lion Industries ramps up its utilisation rate at its Johor plant, which currently has a 20% utilisation rate.”

It said that in the worst-case scenario, it sees industry utilisation rate falling to 68% if Lion Industries reactivates its Banting plant which has 500,000 tonnes of steel making capacity.

However, the research form thinks this worst-case scenario would unlikely materialise because Lion would need to consider the huge financial resources and long project payback period in restarting the Banting plant.


Read more at https://www.thestar.com.my/business/business-news/2018/05/07/margins-seen-shrinking-for-steel-firms/#XVA4MCSSb2EZ3BVJ.99

Finally it happens also.banting plant restarting

Or keep cash once see positive sign or movement only masuk back. Average back the price bought earlier.anyway now market downtrend.patient is the key of success.but hand very itchy.almost wanted to buy at 0.71 this morning.gosh

Hopefully long run can recover la.continue to hold.have faith.same boat as lionind bosses

People read already sure run.common sense.but details whether in future will megasteel help in flat steel business really nobody knows.so better run first.how long lionind can continue to pay debts for megasteel until megasteel starts profiting.we shareholders willing to support lionind management to pay debts together?

https://www.thestar.com.my/business/business-news/2018/07/03/lion-industries-to-acquire-megasteel-assets-and-pay-off-its-debts/

Base on the rebar data,we can keep accumulating is you find the price is attractive for you.as a baseline,the safety margin is still high.this stock can easily worth rm1.now it has 35% discount.

Lol.khatulistiwa u talk so much.u got buy or not?if not dun bother to share your prediction here la.nobody interested I giess in your spamming.
If all u can do is just prediction,how can u help us?are u advising us to sell or buy?

Haha.0.4 come I buy again.i dun mind it dropping since it won't drop forever.

Steel/rebar industry definitely won't be dead.it will go up again when the time comes.so when it is undervalue we can keep accumulate.0.6x - 0.8x range seems attractive to me.just keep accumulative at low.

No need argue among each other.we buy stocks only is to earn money not to argue here and there.

Pitbull falling into pit already.haha.0.6x to 0.8x is still a good deal la.

Mikimouse,not u again? In masteel post,u asked to sell.over here u ask to sell and not base on any facts.what is your intension actually?

Mikimouse,why sell? I do not understand if there is any reason pls share.do not mislead us

I wonder if professor trump got sapu when is 0.35.though he keep saying those buy hiaptek will gg.com. and tabung haji also am dui. Suddenly professor trump no more leave any message when price up.maybe he celebrating la after accumulating lots.lol.

for those who still want to buy back can still buy back when report out is good after 2 mths. at least we can confirm is good report, only buy

@ah huat. TQ.
my warrants bought at around 0.5X and 0.4X. I was with this counter for >5 yrs, since fundamentally is good. but the ending is so sad. crazy. But this will end today 5pm as I have sold off everything. no more masteel. very expensice lesson.

finally, i heartbroke, i chose to flee.

ya, monday 11may is an important dating date. prepare some bullets, by then we will know either all in or all out.

shit, i have just sold all my warrants. now up. walao

tommyzai come sing song, can bring masteel up. is it tommyzai sapuing?

rich, my initial plan is to exercise my warrants to mother manually, say i sell 10 lots wa, i buy 10 lots mother. unfortunately, i bought the mothershare too early at 0.67 and now is only 0.585..... another round of sadness.

why people are still queing to buy warrants? if it will be worthless? anyway, i have sold almost all my warrants to them with 80% loss. very pain, but at least i still get back 20% -_-"

but is expected. since Masteel request to extend till end of June

11 May if Masteel cannot produce report, suspend on 12May.

Taiko Tai busy with the external auditors and special external auditors, no time to show face

low volume today, all contra players already left and killed yesterday? I have check with a friend whom work in a steel company, he heard that Masteel is the only steel company among peers which is still making profit. Unfortunately due to uncertainty beyond control, I never know what price will Masteel bottom at. I have also cut loss 20%.

We all shareholders have 3 choice now, if we are over worried, cut loss now, if we are still confident with the company fundamental, hold the stocks and pray for miracle. If we are uncertain, cut loss 50%, and hold 50%. Indeed, this counter is the most painful and dissapointing experience for me

in long term is definitely up. is just a matter of time. waiting the oil price to recover gradually.

closing price still looks good today. back to support level. but if tomorrow no big buyer, might goes down to 0.64 level. Just watch out tomorrow morning closely, if start to drop, set your cut loss level. don't lose your angpow money.

oh ya... shall we exercise the WA now as well? or hold on and wait. i holding the warrants not the mothershare

can anyone explains why the company still have so many rounds of addtional warants listings whereby the warrants expiry date is around the corner in year 2015?

thx carson.

i would like to ask, is it okay to keep the warants? I see the company directors now start converting their warrants to mother share already? any advise from the experts?

i bought mulpha maybe since year 2009 at 0.6X, 0.5X and even 0.4X. No dividend and stagnent for many years at 0.4X range. I have hold on to the stocks cause I know it is a good counter though it report loss every year -_-" but finally I sold almost all of them already last year making loss and invest in something else. Finally now it is going up. haha... really need lots of patience in this counter.

hi winman, pjd looks like a good stock. company is making profit. but it has went up too much. as for me, i will not jump in to buy now. juz observe 1st...

winman, thanks for the info. I have not heard of this counter before, need some time to study it first. Looks good though for now.

winman, sry have been very bz at work, no time to reply u. the MCN project with KUB, yup let's hope that the project will come true, and we will see hw this counter goes up. I just know that this project is not as smooth because the opposition object this project due to government is giving soft loan to masteel etc..... some news like this. That's why there's rumours that the project got cancelled earlier and now still under negotiation.... what we can do is just wait and continue to hold on. This is a good counter anyway, even without the MCN project. Of course, if they can really get the project, then it will be double good news for us investors.