贸易战忧虑缓解　钢铝股强力反弹 http://news.seehua.com/?p=346386

US semiconductor index is extremely bullish. PHLX Semiconductor was up 1.50% yesterday.

Steel stocks make firm recovery in early trade http://www.theedgemarkets.com/article/steel-stocks-make-firm-recovery-early-trade

Asia's Biggest Currency Gain in 20 Years May Be About to End
https://www.bloomberg.com/news/articles/2018-03-06/asia-s-biggest-currency-run-in-two-decades-may-be-about-to-end

Start buying export oriented stocks.

Malaysia's trade exports grow 17.9% to RM82b

"The main contributors to the increase were exports of electrical and electronic (E&E) products which surged by 27.1%, followed by chemicals and chemical products (23.4%), iron and steel products (60.9%), optical and scientific equipment (18%), manufactures of metal (14.8%) as well as transport equipment (32%)."
https://www.thestar.com.my/business/business-news/2018/03/05/malaysia-trade-exports-grow-17pt9pct-to-rm82m/

Malaysia's trade exports grow 17.9% to RM82b

"The main contributors to the increase were exports of electrical and electronic (E&E) products which surged by 27.1%, followed by chemicals and chemical products (23.4%), iron and steel products (60.9%), optical and scientific equipment (18%), manufactures of metal (14.8%) as well as transport equipment (32%)."
Read more at https://www.thestar.com.my/business/business-news/2018/03/05/malaysia-trade-exports-grow-17pt9pct-to-rm82m/#L5isskXlpjLvwyKJ.99

But a good thing is that you can buy many good Malaysian stocks at a low price now. I will accumulate much more Malaysian good stocks this week.

Even if he imposes tariffs on steel, Malaysian steel makers will barely get affected. You should not worry more than Korean and Japanese investors do.

Fear feeders want to buy the stock at a ridicously low price. Haha

A trade war has not started yet. If EU imposes tariffs on something, it may start in the future. But it is likely to be avoided.

A trade war has not started yet. If EU imposes tariffs on something, it may start in the future. But it is likely to be avoided.

I bought the stock on Friday.

South Korea's Steel Exports
USA 12%
https://www.trade.gov/steel/countries/pdfs/2016/annual/exports-korea.pdf

The stock price of Korea Steel Shapes Co Ltd fell only 2.11% on Friday.
https://www.bloomberg.com/quote/007280:KS

Malaysian steel stocks overreacted on Friday.

https://klse.i3investor.com/servlets/stk/5098.jsp

http://klse.i3investor.com/servlets/stk/overview/6556.jsp

https://klse.i3investor.com/servlets/stk/5098.jsp

https://klse.i3investor.com/servlets/stk/5098.jsp

https://klse.i3investor.com/servlets/stk/6556.jsp

http://www.enanyang.my/news/20180304/【独家】钢铁出口美少于1-br-马业者影响料不大/

http://seaisi.org/seaisi2017/file/file/full-paper/Malaysia%20Country%20Report.pdf
USA 2% (negligible 2016)

US trade remedies are credit negative but manageable for Asian steel-makers
https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-remedies-are-credit-negative-but-manageable-for-asian-steel-makers/#I7D6zS0FVowW37xo.99

“The impact for us can be nothing but positive because higher steel prices are good for us,” Chief Financial Officer Marion Britton said in a phone interview, adding that Mississauga, Ontario-based Russel has operations in both Canada and the U.S. and does very little cross-border trade. “We are not impacted like a Canadian steel mill because we don’t ship anything to the U.S.,” she said.
https://www.bloomberg.com/news/articles/2018-03-02/this-canadian-steel-company-is-giving-trump-tariffs-thumbs-up

Q4 2017 reporting season – a happy ending
http://www.thesundaily.my/news/2018/03/04/q4-2017-reporting-season-%E2%80%93-happy-ending

US trade remedies are credit negative but manageable for Asian steel-makers
Read more at https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-remedies-are-credit-negative-but-manageable-for-asian-steel-makers/#I7D6zS0FVowW37xo.99

I bought the stock on Friday. Investors overreact to news because they cannot capture an impact of news correctly on the spot.

Buy Malaysian steel stocks on Monday. Last chance to buy them at a very low price!

“The impact for us can be nothing but positive because higher steel prices are good for us,” Chief Financial Officer Marion Britton said in a phone interview, adding that Mississauga, Ontario-based Russel has operations in both Canada and the U.S. and does very little cross-border trade. “We are not impacted like a Canadian steel mill because we don’t ship anything to the U.S.,” she said.


https://www.bloomberg.com/news/articles/2018-03-02/this-canadian-steel-company-is-giving-trump-tariffs-thumbs-up

One Canadian Steel Company Is Giving Trump Tariffs Thumbs Up

“The impact for us can be nothing but positive because higher steel prices are good for us,” Chief Financial Officer Marion Britton said in a phone interview, adding that Mississauga, Ontario-based Russel has operations in both Canada and the U.S. and does very little cross-border trade. “We are not impacted like a Canadian steel mill because we don’t ship anything to the U.S.,” she said.
https://www.bloomberg.com/news/articles/2018-03-02/this-canadian-steel-company-is-giving-trump-tariffs-thumbs-up

One Canadian Steel Company Is Giving Trump Tariffs Thumbs Up

“The impact for us can be nothing but positive because higher steel prices are good for us,” Chief Financial Officer Marion Britton said in a phone interview, adding that Mississauga, Ontario-based Russel has operations in both Canada and the U.S. and does very little cross-border trade. “We are not impacted like a Canadian steel mill because we don’t ship anything to the U.S.,” she said.
https://www.bloomberg.com/news/articles/2018-03-02/this-canadian-steel-company-is-giving-trump-tariffs-thumbs-up

Why will the price of steel drop??

The next QR announcement is just around the corner.

Geely owner acquires 10% stake in Daimler

Read more: Geely owner acquires 10% stake in Daimler
https://capital.com/geely-owner-acquires-10-stake-in-daimler

http://www.enanyang.my/news/20180304/【独家】钢铁出口美少于1-br-马业者影响料不大/

http://www.enanyang.my/news/20180304/【独家】钢铁出口美少于1-br-马业者影响料不大/

Tomorrow the stock is likely to move back to RM 1.15.

Canada, not Malaysia, will have a huge impact on Trump steel tariffs.

Canada, not Malaysia, will have a huge impact on this.

Railway Wheel Market – Key Players (MA Steel, GHH Radsatz, Interpipe, Arrium, etc.), Consumption, Analysis & Forecast to 2022
https://factsweek.com/180370/railway-wheel-market-key-players-ma-steel-ghh-radsatz-interpipe-arrium-etc-consumption-analysis-forecast-to-2022/

Dow Jones U.S. Semiconductors Index was up 1.92% on Friday.
PHLX Semiconductor Sector was up 1.76% on Friday.

Very bullish

Malaysia’s Steel Export by Country
http://seaisi.org/seaisi2017/file/file/full-paper/Malaysia%20Country%20Report.pdf

Asean 41%
Korea 14 %
India 8 %
Japan 4 %
Taiwan 3 %
China 3 %
Australia 3 %
EU 3%
USA 2% ---------------------------------- HAHAHA (negligible)
Others 19%

Plus, import figures of steel are much larger in Malaysia compared to export figures of steel, so Malaysian government's imposing 15% tax on import of steel bars or products into Malaysia has a much greater impact on malaysian steel makers.

Malaysia’s Steel Export by Country
http://seaisi.org/seaisi2017/file/file/full-paper/Malaysia%20Country%20Report.pdf

Asean 41%
Korea 14 %
India 8 %
Japan 4 %
Taiwan 3 %
China 3 %
Australia 3 %
EU 3%
USA 2% ---------------------------------- HAHAHAHA (negligible)
Others 19%

Plus, import figures of steel are much larger in Malaysia compared to export figures of steel, so Malaysian government's imposing 15% tax on import of steel bars or products into Malaysia has a much greater impact on malaysian steel makers.

US trade remedies are credit negative but manageable for Asian steel-makers
Read more at https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-...

Malaysian government has imposed a law for next 3 years to impose 15% tax on import of steel bars or products into Malaysia. HAHAHA

US trade remedies are credit negative but manageable for Asian steel-makers
Read more at https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-...

Malaysian government has imposed a law for next 3 years to impose 15% tax on import of steel bars or products into Malaysia.

US trade remedies are credit negative but manageable for Asian steel-makers
Read more at https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-remedies-are-credit-negative-but-manageable-for-asian-steel-makers/#15KUUlXh7ypbg6b6.99

Malaysian government has imposed a law for next 3 years to impose 15% tax on import of steel bars or products into Malaysia. Haha

US trade remedies are credit negative but manageable for Asian steel-makers
https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-remedies-are-credit-negative-but-manageable-for-asian-steel-makers/

Malaysian government has imposed a law for next 3 years to impose 15% tax on import of steel bars or products into Malaysia. Haha

US trade remedies are credit negative but manageable for Asian steel-makers
Read more at https://www.thestar.com.my/business/business-news/2018/03/02/us-trade-remedies-are-credit-negative-but-manageable-for-asian-steel-makers/#T1WA70QfqEpWsCrH.99

MPI and Unisem are Malaysian semiconductor underperformers!

MPI’s net profit decreased 25.06%.
Unisem’s net profit decreased 37.62%.
Their P/E is between 12 and 13.

VIS is not an underperformer. Its P/E should be over 13.

Downside risk is limited. P/E of all Malaysian semiconductor stocks is more than 12.00.

The recent QR announcement of GLOBETRONICS is extremely good. But don't buy it because
its P/E is too high and ii) it's not an automotive semconductor stock.

Buy KESM beacuse of
i) minimal forex exposure and ii) a rapidly growing automotive semiconductor stock

1 March 2018

“However, we see minimal re-rating catalysts for Inari in the next three to six months due to earnings pressure from ringgit's appreciation. We advocate to switch to KESM,” it said.
Read more at https://www.thestar.com.my/business/business-news/2018/03/01/inari-amertron-on-multi-year-earnings-growth-says-cimb-research/#JySLhc084YIXp1R6.99

Kesm is the best semiconductor stock due to minimal forex exposure.

KESM is CIMB's top pick now.
Monday, 19 Feb 2018

“We downgrade Inari to Hold in view of the strong share price performance in the past 12 months and earnings pressure from forex volatility. We replace Inari with KESM as our top pick due to its attractive growth prospects in automotive and minimal forex exposure,” it said.