Up few cents slowly and steady. Good lah. What else you want?

China steel players expect to post net profit at the highest level in Q3.

http://www.pressreader.com/china/china-daily-usa/20161017/281981787113258

China steel capacity cut may hit target before end of the year

http://info.lgmi.com/html/201610/19/3125.htm

http://www.shanghaidaily.com/business/manufacturing/Check-on-steel-and-coal-capacity-cut/shdaily.shtml

Good sharing. Many heavyweight members here. Congrats to all of us, CSC so hits today.

2015 financial year net debt was 138.47 mil. If compared to 2016, its debt has been improved a lot. Correct me if I'm wrong.

Nice to hear that, OTB sir.

Part 4 is in the making? Don't know there's upgraded TP or not?

MISIF sees recovery this year, better outlook in 2017 for iron and steel industry

http://www.theedgemarkets.com/my/article/misif-sees-recovery-year-better-outlook-2017-iron-and-steel-industry

Steel counters can perform as long as megasteel has suspended and good steel prices can maintain.

Big volumes 2935 lots at rm2.00.

Building Materials - Aluminium and Steel Play - 07 October 2016

http://klse.i3investor.com/blogs/kenangaresearch/105929.jsp

http://cdn1.i3investor.com/my/files/dfgs88n/2016/10/07/1485578890-229761356.pdf

Lion Corp not appealing against delisting, shares to be removed on Oct 12

http://www.theedgemarkets.com/my/article/lion-corp-not-appealing-against-delisting-shares-be-removed-oct-12

Game over. You should learn something in this counter ... never speculate ... RIP

Lion Corp not appealing against delisting, shares to be removed on Oct 12

http://www.theedgemarkets.com/my/article/lion-corp-not-appealing-against-delisting-shares-be-removed-oct-12

Good sharing.

ilovehits sharing these articles, not me. I'm just small fish here. Hihihi.

That's mean megasteel closure not just benefit CRC players, the biggest beneficiacry is pipe makers.

Posted by ilovehits > Sep 24, 2016 04:31 PM | Report Abuse

In Malaysia, CRC players are required to buy half of their HRC requirements from Megasteel while other HRC users, such as pipe makers, are required to buy all or a large portion of their HRC requirements from the company.

http://www.thestar.com.my/business/business-news/2016/09/10/megasteel-closes-banting-plant/
http://www.kinibiz.com/story/corporate/15847/feud-in-steel-sector-starts-again.html

CRC players need to buy 50% HRC from megasteel while pipe makers need to buy 100% or a large portion HRC form megasteel.

How come someone said megasteel closure just benefit CRC players? That's why Choo Bee net profit jump 161%. I'm very sure now since read these articles.

To buy or sell Gadang - Koon Yew Yi

http://klse.i3investor.com/blogs/koonyewyinblog/105017.jsp

Uncle Koon work so hard in promoting CSCSTEL, even in this article. Just for sharing here.

Now he just focus on CSC Steel. I also lost some money in FLBHD but I trade at my own risk. Good luck to you.

Steel theme play is just started. Remember this. :)

Stay confident at this counter. If I cut loss today, then I'm really sohai.

Reduced revenue just a part of story. Resume its export business to oversea is another part.

http://www.klsescreener.com/v2/news/view/81555

Choo Bee had to stop exporting steel products to oveaseas since 2009 due to higher cost of raw materials. If you compare 2008 and 2009 revenue, you will find that 2009 revenue dropped 45% since Choo Bee stopped its exporting business.

Next quarter revenue should increase, not decrease.

1 Anti-dumping duties over imported CRC by government.
2 Capacity reduction in China.
3 Megasteel closure.
4 Good steel prices.

Why so worried? Bright future for steel counters. If CSC Steel hit TP within a week or a month, then no show to watch anymore. Just let it up slowly and steady. That's all.

Whether based on eps or nta, Choo Bee should be performed better than CSC Steel. Choo Bee and CSC Steel are just as good as GKENT and GADANG in steel industries. They still have long long way to run ... at least 6 - 12 months since steel is another theme to invest after contruction theme.

I just received recommendation from my sifu ah boon. I just can say 2.10 - 2.15 are good prices to enter. Spend some times to study in this bee before buying.

It's just a matter of time ...

Choo Bee still has long long way to run ...

Paperplane2016 start promoting. Good sign.

CSCSTEL. But CHOOBEE has good predicted future earnings.

Speak frankly. Since MEGASTEEL is suspended. CHOOBEE no need to pay RM400 to RM500 per tonne for HRC.

Before that, CHOOBEE 80% raw materials (HRC) must buy from MEGASTEEL. That's the point.

After MEGASTEEL is closed, CHOOBEE posted 9 cents EPS per quarter. Now you should know what is the TP.

Today here comes many heavyweight members...

speak frankly, since CHOOBEE no need to buy raw materials from MEGASTEEL, its EPS should can maintain 9 cents per quarter.

If you multiply by 4 quarter, it should be worth 36 cents. It may go further to 3.60. Currently share price just 1.77, so attractive.

CHOOBEE has started to source raw materals from other countries since MEGASTEEL has stopped production.

CHOOBEE capacity could produce max 108,000 tonnes of output a year, if multiply by rm500 premium charge, it's 54mil.

That's mean it can save up to 54mil from buying raw materials.

CHOOBEE is another 0 debt + net cash counter. Bought small portion today.

big block 1.75 cleared jor. 1.80 is coming.

muttoncurry, you're just a jeolous guy. now it's a bit late for you to sailang your curry mee stall to this counter. let it go lah.

Speak frankly, there's some TP here. CSCSTEL 2.97 & MYCRON 1.61. You can refer lastest AnnualReport and some articles before make your own decision.

it depends on next quarter result. if net profit can maintain, it's very high chance can hit 2.

jamespond, thank you. :)

bonus2016, i totally agree. CSCSTEL is as good as GKENT. :)

i will not sell my CSCSTEL shares. up 15 cents already want to take profit? You will win big in this counter. i'm VERY sure it may hit its TP. short term 2 and long term 3.

it's good sign. speculators are taking profit and few days later CSCSTEL may stand at 1.70 again and move to 2.00.

Current steel price is at very good price now. IF can maintain or better than previous, TP can go further to 3.00.

Another shining stock come after GKENT and GADANG. :)

I'm glad to hear people start talking CSCSTEL TP 2.00 bla bla bla. I guess Ooi Teik Bee TP rm2.97 is for long term, within 1 year. Just share my thought.

just sharing an article from The Busy Weekly 2 July 2016 :)

http://www.pressreader.com/malaysia/the-busy-weekly/20160702/281578059977260

just sharing an article from The Busy Weekly 2 July 2016 :)

http://www.pressreader.com/malaysia/the-busy-weekly/20160702/281578059977260

he has disposing from 9% to 4.4% within 3 months but share price still around 1.46. who's collecting?

where's chong1957? already cut loss? lose 13 cents, sigh.

haha. i just kidding. please subscribe to OTB if u want insider news. i delete my previous post.

aax is coming back!

good cash flow. no debt. high dividend. i like this.