No one can tell, one has to decide the best option for his money. Good luck.

valuelurker also here, many have smelt something

valuelurker Nutriplus eggs better than QL eggs
29/08/2018 11:38

I thought it will stay low for today, sad

I was holding little in PWF & now went in little on Lay Hong, we'll see how these stocks turn out by end of the year, let's hope for the best.

Have been considering to go in but didn't make up the mind, today went in little because of comment from Jon Choivo, let's hope for the best to come.

Thumbs up to Jon Choivo for your good & constructive comments.

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Posted by Jon Choivo > Aug 24, 2018 09:45 AM | Report Abuse
In 2008, the short interest in Wells Fargo was at an all time high. The company had the highes percentage of housing loans in it loan books among the bank. Only second to Fannie Mae and Fannie Mac (Both of which had the federal guarantee, which wells fargo did not).

People thought the company was going bankrupt.

Only one person (well 2 actually) stood his ground, and bought in like crazy as prices fell. Its Warren Buffet and his partner Charlie Munger.

While he was giving a speech to students during the crisis, the students forced him to tell them one company to buy. Warren Buffet relented, and asked "What is the price of Wells fargo now?"

The students said "About 7 per share".

Warren replied: "If i could choose one company to put all my money into today, that would not be a bad choice."

Short term, price can go anywhere. Long term, it will meet its intrinsic value.

What is the intrinsic value? You need to find out. Short term price movements will not tell you.

Out of 10%, just all in 1 chicken stock 3 months ago & still holding. Down few %, hope it will grow organically & progressively regardless what are happening in or out of Malaysia.

Hi paperplane, hope you are well lately. I put 90% of all my funds into FD & Loan accounts since last year's Sept, after the steel run.

You are right in the way that FD is still safer play during uncertained times. I could not see any sign after steel theme no matter how hard I tried to search everywhere.

I don't understand oil & gas business, so I stayed sideway. For those who are not greedy, they should have made good monies in oil boom last year.

Jon Choivo, I like your comments, please keep it up, thank you.

Well done, Zefftan, yours are one of those I will never miss, keep it up!

Sold all yesterday @ 1.03, no gain no lose, wash hand now

Stock: [MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Mar 5, 2018 12:07 PM | Report Abuse
Added some @ 1.01, see how it goes later

Anyway, don't go all in for any stock, if buy, buy progressively & wisely.

If think market is not good, better stay sideline to look & see.

If no drop, how to buy cheaper? If no up, how to sell higher later?

Think like the market, you'll never make money. Always think ahead of market & act differently to the market.

Whether it is fully valued, it's up to the market to decide and anyone can express his feeling about share price.

I always think that market is very emotional, it could be like end of world one week & out of certain, world has never been so good in the next week.

All the time people said: buy low sell high.

The FACTS are:
When price is low, they expect lower & never buy.
When price is high, they expect the price can be higher & never sell.

Added some @ 1.01, see how it goes later

hng33, do you mind to share the source or the link of the information given by you earlier? Thank you.


U.S. imports steel from more than 100 countries, three-quarters come from just 10 countries. The top supplier to the U.S. are

1. Canada 16%
2. Brazil 13%
3. South Korea 10%
4. Mexico 9%
5. Russia 9%
6. Turkey 7%
7. Japan 5%
8. Taiwan 4%
9. Germany 3%
10 India 2%

China is just outside the list at No. 11 despite producing about half of the world steel.
05/03/2018 11:18

For Alliance Steel, please read explanation from zefftan's article below:

http://klse.i3investor.com/blogs/zefftan/145218.jsp

The average selling prices are even higher in JAN & FEB 2018, what can you see?

Average Feb 2018 = 2600~2750
Average Jan 2018 = 2700~2850

The average selling prices for last quarter ended 31 Dec 2017
Average Dec 2017 = 2520~2660
Average Nov 2017 = 2350~2500
Average Oct 2017 = 2380~2530

KYY was misleading readers in writing below, because he had not included the bonus effect over the share price. The impact was not as big as what he described.

Anyhow, I thank him for writing such article to push down the price, I will comment again over the weekend to prove him wrong.

------------------------------------
KYY:
That is why a lot of smart shareholders are dumping their holdings to cut loss. The share price has dropped from Rm 1.80 in early January to close at Rm 1.14 per share. It has dropped 66sen, 37 per cent in less than 2 months. No one knows what the bottom is. I advise all readers not to bottom fish because Masteel’s profit will continue to drop for many more years until all the unsold properties are sold.

Thank you, KYY, for writing the article below.
https://klse.i3investor.com/blogs/koonyewyinblog/149250.jsp

Despite certain matters discussed in the article sound good, but I do not agree with what KYY said, why? I will explain more after getting more information.

KYY has failed in CSCteel even though he had written number of articles about Flat Steel. It proved he was not correct about flat steel. The company's financial results & price movement had confirmed his misjudgement.

Oh.... didn't follow up on this company, now only realised last Q making loss, surprised.

Time to collect when many are panic? Time will tell

Thank you

while feeling safe with this counter, it provide potential growth for money

slow but steady

Another conservative picks again, paperplane bro :)

Congratulations! Fantastic results

Overall, I had 50% in masteel, 25% each in Ann Joo & SSteel and all my targets were hit in Masteel (1.60), Ann Joo (3.80) & SSteel (2.40) & I was busy selling all then, so I didn't have any of it now :)

After that, I bought some VS warrant when it was below 70c. Not much, about 10% of my fund. But now it grows to become 20% of my funds :)

At that time, my judgement was downside -5% & upside +30%~50% for steel.

As for Pohuat, my judgement was downside -5% with upside +20%~30%. So it worth for me to go in.

You are right, paperplane, warrant will be good alternative.

I have been very cautious & selective in the last few months in picking up my stocks, I look at both the downside & upside like I did at steel play last 2 months.

Hi paperplane, I was amused by your name when you changed your name :)

Good price movement today, hope the momentum will be sustained

Good movement, hope the momentum will be sustained

I have been monitoring Poh Huat since last year and decided to go in when price was RM1.83-1.84 this morning.

The result is fairly good but may not as good as expected by some others, the company has been on the expansion mode & has been incurring capital expenditure to expand production capacity.

The company's revenue has been growing and we will see.

I have been monitoring Poh Huat since last year and decided to go in when price was RM1.83-1.84 this morning.

The result is fairly good but may not as good as expected by some others, the company has been on the expansion mode & has been incurring capital expenditure to expand production capacity.

The company's revenue has been growing and we will see.

US Storm Is Windfall for Local Furniture Makers -- Poh Huat & Lii Hen (TheStar)
http://klse.i3investor.com/blogs/moneymoney/133567.jsp

Good sharing from Mr Chong & stockraider, I personally consider the article from Mr Chong & comment from stockraider are indeed very good advices to not only retirees but also to newbies.

For me, I treat stock market as a marketplace for buying & selling ownerships of various businesses. Understanding the businesses and industries will be important for me to choose which companies to invest.

Jay, You know what? I have just visited your blog page & try to follow your latest comments this afternoon. Only found out that you have "0" comment in the past 30 days. :)

Thanks for sharing your thoughts here. Big Like.

It may give even higher profit margin than the projection by the author :)

Therefore, the inventories used in the production of rebar during the quarter 30/9/2017 will very likely at the cost as stated in the Quarter 30/6/2017.

Reasons are as follows:
1. Most of inventory was in raw materials
http://klse.i3investor.com/files/my/blog/img/bl2510_notes_to_account_inventory.jpg

2. As per 2016 Annual Report Notes No.9, the raw materials of RM363mil was enough 5 months productions of rebar.

Please take note that as per Jun 2017 QR, the closing stock was RM433mil & most of it was believed as raw materials.

However, please take note that the Cost of Inventories was on FIFO basis, please refer to Accounting Policy of Masteel's Annual Return, instead of Average Cost basis as used in the article:

Inventories are carried in the statement of financial position at the lower of cost and net realisable value. Cost is determined on a first-in first-out (FIFO) basis. The cost of work in progress and finished goods comprises materials, direct labour and attributable production overheads based on normal levels of activity.

Write-down is made for obsolete and slow-moving items based on their expected future use and net realisable value.

Net realisable value is the estimated

Good analysis & thank you for sharing

May be we can apply discount factor of 40%, Masteel can still earn at least RM115mil from inventory itself.

Inventory on June 30 was RM433mil & most of it (95% above) was raw materials, based on last 4 years' annual reports (2012-2016).

Since 30/6/2017, Iron scrap price has increased from USD240-270 to last week USD370-390, about 44% up.

Applying % increaed to inventory value, doing nothing Masteel can earn at least RM192mil.

Judge yourself if is Masteel still undervalued at this price?

Your money you decide.

Well said, stock kingdom & KLCI King

Thank you for sharing, Mr Chong. This is my weak area & wish to have more your sharing here to learn.

Paperplane & Mr Ooi, no need to bet, not worth a single cent to do it, both of you have long time proven records & we all know about it.

Even you win, these people will simply register another IDs to continue make you feel sick.

Probability & Stockraider, pls continue your sharing, truly appreciate all of your efforts to share facts & analysis here.

In my heart, all of you are the winners already! May god bless you all with good health!

Hi VenFx Bro, may your loyalty to this counter bear fruits for you :)

Congratulations to all, let's huat together :)

Good closing

Hi paperplane, I have 95% of my investment portfolio in steel counters (Ann Joo, Masteel & SSteel) since the beginning of Aug. Hope your wish will come true. :)