Now you said something else again, are you sure you've come to the right forum?

MuttonCurry, thought you've said Mycron will crash today, which stock you are actually referring to?

Thank you to WealthWizard for sharing such great articles!!!

Thank you to WealthWizard for sharing such great articles!!!

OMG, 0.90 broken, gogogo!!!

Imagine what CSCSteel could do during bad time, and what you can expect when good time is coming??? ＼(￣▽￣)/＼(￣▽￣)/

CSCSteel is amazing in delivering fantastic & consistent results over past 10 years, except 2014 where suffered loss, imagine how good is the management.

Also, CSCSteel has been very generous in sharing its profits with shareholders by distributing dividends over past 10 years, never missed.

Look at the dividend yields, it is awesome of more than 5%++.

RM0.895 is now the battling field, see if it can be overcome

It's like saying buying public bank is a ticket to holland trip, it is funny

Some people will always pretend they are smart, though it make them looked stupid indeed.

More to come, the future is so predictable now

That's the problem, always jumping & shouting here & there by knowing little bit here & there, end up all got wrong. Still not learn from early many mistakes.

It's double edged sword, lenglui, but seem CSCSteel benefited most from weakening RM while Mycron has been actively hedged its currency exposure, no so much gain or loss last year.

See table 6
http://klse.i3investor.com/blogs/wealth123/103812.jsp

Or taking advantage on its position as producer of both CRC & HRC.

I agree with you on the point that the Malaysia Government will not support Megasteel any more if Megasteel was to play out all other CRC players unfairly.

Very fair say & easily to understand, thank you, probability.

Thanks, probability, I think Megasteel was not running efficiently, every ringgit sale make more losses, less sale less loss, no sale no loss, that's interesting.

Last time Lii Hen never respond to 4.15

unless goes up to 4.3, or else Lii Hen shares won't react so much if only between 4.10-4.20.

haha, good say, probability

Another fantastic & well written article from new steel man, WealthWizard, thank you for sharing your hard works. Thumbs Up!!!

fayeTan guru is back, how's trip?

He bought then only you buy, he sold then you... ?

He makan daging you makan...?

Don't just buy because of someone buy, end up eat dust more than eating meat.

Think why he bought & whether the stock's business & financial position/performance suit you or not?

He did explain his basis of selection in his books, read it out & make it your own weapons.

So, when calculating Q1 to Q3 result, you need to take out impairment loss. That's how figures in the Table 5 derived.

Hi LouisLim, the impairment loss may only occur in the 4th Q of the company, after receiving the valuation report done by the professional valuer, C H Williams Talhar & Wong Sdn Bhd.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5190321

Impairment loss for 2015 was RM3.46m & 2014 was RM6.35m

That's exclude out transportation & so on

From my personal observation, the difference between CRC & HRC is at region of USD100-USD120.

Also depending on the negotiation over the purchasing quantities.

Thanks for sharing, probability, thumbs up!!!

Discussion with facts and details is always helpful and great in making investing decision. General opinion will sometimes misleading.

Rohank71, truly appreciate if you can show us more details and proofs.

As what WealthWizard said, local CRC price has increased at lower pace, I agree and I don't think local price of CRC will increase much due to competition among local producers coupled with improved profit margin.

If import of CRC is getting lesser, which very likely, we can expect better utilisation of production capacity. Higher Sales volume will the immediate target for all CRC producers.

Since megasteel is closed now, all mills can import duty exempted HRC from international markets, no quota & no limitation.

The effect of anti dumping will take time to be shown, not immediate effect as there are current inventories to be cleared.

Import of CRC of euro & US from China down more than 90% and it helps to push up local production. For example, some German CRC producers are now running at higher capacity to meet surge in local demand, few months after the implementation.

Very good statement, rchi, rewards overweigh risks.

Spot on, probability

Previously 200 workers were laid off, now remaining 800 workers,
http://www.nst.com.my/news/2016/04/140006/over-200-megasteel-workers-stage-protest-following-layoff

Previously was temporarily ceased operations, now has ceased full operations.

Game over to Megasteel, no hope

Welcome to business world, everyone happy when one competitor down, less competition mean better chance of surviving.

I learned charts & TA when was young, thought could read the action & reaction of the market & beat the market, thought I knew something that no one knew, ended up I woke up in the market, fish market. Became dried ikan bilis.

Since thousands of people were reading the same charts, could any one of them won the others? Sure one would became No.1, but all others sure die die.

Business is always up & down, but running it with cautious & prudent always stand a good chance to survive, same goes to Investing.

Investing need judgement to take risk in order to be rewarded, doing it with business sense will help to get bigger picture, think as the business owner who run the business:

1. Is future prospect good (selling price & cost of raw materials)
2. Government policies supporting?
3. Market competition?
4. Utilisation of current production capacity? Max? or room to go?
5. Cash flow & financial position?

hmmm.... interesting... I sold Airasia when price was RM1.80 when everyone shouted here & there, some said more to come & some said too high, So history told me I made big mistake.

Expect more to come, hehe

Thank you to WealthWizard for sharing such great articles and borrow WealthWizard's creative photos here. :)

At price of RM0.785, the Forward PE = 3.5

The market value of Mycron is RM221.8m
Projected next year's profit = RM63.3m
Projected next year's cash inflow = RM87.7m

News started to promote Mycron ＼(￣▽￣)/

At price of RM0.785, the Forward PE = 3.5

The market value of Mycron is RM221.8m
Projected next year's profit = RM63.3m

More to come, CSCSteel is CRC industry leader, where can it go?

Thanks for sharing, probability

Last paragraphs of the News:

At the same time, analysts say Mycron Steel Bhd, the producer of CRC, is making good progress following the closure of the Megasteel plant as reflected by its actively traded share prices lately.

The share ended 7.5 sen higher at 78.5 sen yesterday.

While Megasteel has a monopoly on the sale of HRC locally, it also ventured into CRC production a few years ago, thus creating an imbalanced playing field to other CRC players like Mycron Steel.

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.

Megasteel Closes Banting Plant & Good for CRC Companies (Star BizWeek)
http://klse.i3investor.com/blogs/moneymoney/104143.jsp

Megasteel Closes Banting Plant & Good for CRC Companies (Star BizWeek)
http://klse.i3investor.com/blogs/moneymoney/104143.jsp

Hehe, normally free after 11pm, got to sleep liao

All furniture export stocks look up to Lii Hen, if the coming quarter of Lii Hen shows decreasing trend of revenue & profit, all stocks include Lii Hen will koyak.

Lii Hen has not done good enough in the latest Q. As US home sales were doing good during the same period, 9% down in revenue in USD was not good.

If the coming QR does not show uptrend in revenue & profit (QoQ, not YoY), price will definitely fall.

If uptrend restored, price may go up again.

Definitely DOWN vs May go UP, upside & downside, too much things to consider.