Why so bother on the Q4 results which was 2 months ago.They are not losing money in Q4. Look at the ASP now and long steel price in china still increasing, do you think coming Q1 will be even better?

ok, thanks for your good works.

Hi David, could you double check the diluted eps for 2017? The outstanding share after private placement and bonus issue is 427mil. By excluding tax credit, the total net profit for 2017 is 14.08+10.6+23.9+22.4 = rm 70.98mil which give eps of 16.62sen. In your calculation it only show up as 12.56sen which is not seen to be correct.

Yes, I think the hike in natural gas tariff can be easily absorbed by manufacturer or pass to buyers given that the rebar price in Malaysia is still very cheap. There is still rooms to increase the rebar price. Hike in natural gas tariff should not be a problem to rebar manufacturers.

The steel industry consumes around five to seven million British thermal units (MMBtu) of natural gas for each tonne of steel making/rolling activity.
For the average natural gas base tariff revised upwards by RM6.06 per MMBtu, the range of additional cost for 5 to 7 MMBtu is only RM30.3 to RM42.42 per tonne, right?

https://www.thestar.com.my/business/business-news/2017/12/04/gas-price-hike-to-raise-steel-makers-costs-by-rm200m-a-year/

The steel industry consumes around five to seven million British thermal units (MMBtu) of natural gas for each tonne of steel making/rolling activity.
For the average natural gas base tariff revised upwards by RM6.06 per MMBtu, the range of additional cost for 5 to 7 MMBtu is only RM30.3 to RM42.42 per tonne, right?

https://www.thestar.com.my/business/business-news/2017/12/04/gas-price-hike-to-raise-steel-makers-costs-by-rm200m-a-year/

事后孔明 马后炮

总是有人出来马后炮

Trading idea: MASTEEL – A laggard against its peers; Heading towards RM1.28-1.40 amid positive triangle breakaout
https://klse.i3investor.com/blogs/hleresearch/131682.jsp

Thanks Leoting!

guys, anyone has idea on how much of steel billet required to produce 1MT steel bar? Is it 1MT steel billet can make 1MT steel bar?

haha

the business sense is asking people to buy when he is selling

samething happened to him for liihen, vs, latitude

since he is substantial shareholder and he never report to bursa when he is selling, so he is asking you to buy "cheap" wheb he is seeling

So called superinvestor he just simply listen to AK Nathan on the target of 20bil job completion this year, and assume PAT of 5% to get the annual EPS. Sendai is not good in project management and they always have cost overrun. I really doubt PAT of 5%.. That superinvestor never do homework in detailed. Looks like jaks and sendai will be big trouble to him, just like his xinquan, jtiasa, mudajya..

sendai also another bad stock. he simply listen to AK Nathan on the target of 20bil job completion, and assume PAT of 5% to get the EPS. Sendai is not good in project management and they always have cost overrun. I really doubt PAT of 5%..

PBT is negative.. Closed at lowest of the day, tomorrow going to drop.

The problem is KYY cannot dump the share like what he did to Gadang previously because he has a lot of shareholding of Jaks that acquired from open market.. What he can do is only continue buy and support the price until buy interest appear then he can start to dump quietly like what he did on VS, Liihen. Conman..

One word.. worst company!

so hard sell bad counter, what is the motive behind?

Property division keep losing money.. some people keep saying construction division is profitable due to the vietnam EPC, July-Nov is rain season in Vietnam, I doubt if the progress can go well during this duration. Guess next two quarters will be very bad results

results so bad, PN17 soon..

Hi Edwardljhoo, the 650k Mt is the number that I get from 2016 annual report. It is good to know that Masteel annual production already increased to 1mil Mt. Thanks for your latest info!

Thanks Albukhary!

Anyone has idea on how much is the annual capacity of SSTEEL on rebar production? I only able to find the annual capacity of MASTEEL which is 650,000 MT. Assuming average selling price for coming year is 2300 per MT and PAT is 5%, the annual profit after tax is about 75mil which give annual eps ~30sen.

dunt simply just post general news la.. like this called analyst? shame on you.

erkongseng sound like gangster. 出来交涉? 你还是专心驾你的青色新加坡巴士吧。

everyday spent money to share buy back, but didn't put any efforts to improve company performance.

support broken..

well said.

Price reflecting bad result...

Don't get cheated by those saying "good result" because they will be the one queue to sell tomorrow. Haha..

Not as good as Q1. Too bad..

hoo haa so much, still come back with bad results..

Luckily add more at 2.40..

good analysis...

OTHERS LETTER OF ACCEPTANCE ON THE CONTRACT FROM EAST COAST ECONOMIC REGION DEVELOPMENT COUNCIL
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5170465

result so bad..

Finally 1st contract in 2016. More to come...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5161721

The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya, has on 28 July 2016, accepted the letter of award from Lebuhraya Borneo Utara Sdn Bhd to undertake the development and upgrading of the proposed Pan Borneo Highway in the state of Sarawak for Phase 1 - Works Package Contract (Sg. Kua Bridge to Sg. Arip Bridge) (“the Contract”). The Contract will be undertaken by Mudajaya Corporation Berhad together with Musyati Sdn Bhd under the name of “Musyati Sdn Bhd - Mudajaya Corporation Berhad Joint Venture” on the basis of 70%:30%.
The total sum of the Contract is RM1,325,550,000. The Contract is targeted to be fully completed by October 2020 with a construction period of 48 months from the date of the site possession.

Buy more today.
"be greedy when others are fearful"

super high volume..

Everything also gems

slow and steady..

FajarBaru awake...

Hopefully more contracts awarded soon.

gadang secure any big contract?

nice breakout from chart and also break SMA 200 days. Hopefully this stock is on uptrend.

nice breakout...

http://www.sinchew.com.my/node/1542833/受惠美房屋开工率．堡发料派更高息