It's always nice to see such multi bagged up in one stock, hope it will happen to my stocks

This is amazing...

Today continue buying.... yesterday also bought.....

Very strong buying at RM1.68 at last minutes.... good

Ha, even more happy in morning, but still happy at the end of the day ....

It's ok, Jay, we are discussing to learn more from each others.

I will advise you to read annual reports & quarterly reports of CSCSteel & Mycron for the past 2 years, those questions were actually answered.

Chairman's statement of Mycron is the best so far if compared to others.
http://cdn1.i3investor.com/my/files/dfgs88n/2015/11/06/1483789631--639706738.pdf

Don't get what you mean about loss financial

Found this in their annual report:

The principal activities of the Group consist of manufacturing and trading of ductile iron pipes, steel and plastic pipes and fittings and waterworks related products, construction work and project management for waterworks and sewerage industry.

YLI is not operating in the steel industry

It's not easy to find hidden undervalued stock, luck play important role in finding the one.

Even when you spotted it, you may still overlook it.... I did it every now & then...

It's always good to learn something new or to recall something we've learned before everyday.

Haha, good observation, probability.

Share investment is always unpredictable, who knows tomorrow up 10 cents again? or may be resting for a while? Or become cheaper so we can collect again? (⊙‿⊙)

Hi Leong Tan, TP in report is RM1.12. However, whatever TP, most important your own one. Happy invest... :)

Very good analysis & easy to understand, thank you for sharing

But this accounting standard is totally nut to me, kind of terrible set.

Loss = charged to Income Statement
Surplus = transferred to Statement of equity

When make money, never show in Income Statement but only increase NTA, share price will not move because of increase in NTA.

When loss, quickly charged to income statement, make profit figure ugly, outcome? Share price drop, hehe

The impairment loss is now provided on yearly basis in 4th Q, after receiving the assessment report from a professional firm.

It was provided RM3.46m in 2015 & RM6.35, it is similar nature to depreciation, but is to be assessed on yearly basis.

For details of impairment measurement basis, please read Notes 2(d)(i) to Audited Account of Mycron (Page 71).
http://cdn1.i3investor.com/my/files/dfgs88n/2015/11/06/1483789631--639706738.pdf

Agreed, Up_down, I started buying Mycron after reading CSCSteel & YGKI 30/6/2016 QR, if both of them had done great, no reason not for Mycron.

When I read the result, I feel so excited that night. I thought price would go up next day, but it went down instead, due to impairment loss of 8m & previous year's gain 16m gain on acquisition of subsidiary.

It made the result looked very ugly, haha.

If removed the 2 one-off items, the result was even better than CSCSteel in term of margin & ratio, except the increase in revenue, though i didn't know why.

I had kept buying Mycron everyday since then, so I am very happy now :)

Good say, bonus2016, thumbs up!

Congratulation to those who managed to make money, it is good to hear.

Those think more to come, like myself, let's hope for the best, haha

Different people will have different strategies when come to investing. And also different people will have different sets of risk & reward assessment.

There is always nothing wrong to buy or to sell now, as long as you think it is best decision by judging your position for the time being.

Those talking salt & sour, nothing to talk about you, so good luck to you.

Haha, another good day, murali.

Missed out that YKGI warrant, but think you should earn a lot there, congratulation!

Even put a discount of 20 percent over profit projection, with forward PE 5 times, the fair share price for mycron will be RM0.895, still far from current price of RM0.695, very deep undervalued, the short term upside potential represent HUGE 29 percent to go!!!

http://klse.i3investor.com/blogs/wealth123/103812.jsp

Even put a discount of 20 percent over profit projection, with forward PE 5 times, the fair share price for mycron will be RM0.895, still far from current price of RM0.695, still deep undervalued, the short term upside potential represent HUGE 29 percent!!!

OMG... it is coming

You know what, probability, I added more this morning, since it is hot already....
＼（＾○＾）人（＾○＾）／

hehe, lai liao...

Hi PitBull, my longterm target is RM1.30.... today is RM0.70 ٩(^‿^)۶

I was wrong, wealthwizard, today target should be RM0.70, thank you very much!!!

Seem like today target is RM0.67

But I guess there is not much room to climb, let's see if I am correct

Time to buy, hehe ヽ(^◇^*)/

Hehe, this one also not bad lah ＼（＾○＾）人（＾○＾）／

Murali, I have to admit I have totally overlooked at YKGI-WB, how can it be....... ( ಠ◡ಠ )

I have to admit I have totally overlooked at this counter, how can it be....... ( ಠ◡ಠ )

Continue keep, still far far away from my target, gogogo

This is crazy, goreng goreng goreng, hehe

Wow, very detailed working & solid projection, great sharing!!!

My short term TP = RM0.70, then every month up 10 cents to finally RM1.30, haha, hope dream can come true

If invest purely rely on figures, ratios & formulas, I think all teachers/lecturers/accountants must be the richest people in the world.

Many famous people become famous because of results achieved, simple as that, nothing to argue.

Or, if anyone is not happy, show your record with better result to beat him.

For example, the guy below:
Peter Lynch was the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2 percent annual return, consistently more than doubling the S&P 500 market index and making it the best performing mutual fund in the world.

Very steady & consistent, profit up & dividend also up, good stock

It's always sad to have a friend walk away from us.

I am surely that he is now watching you from above as described in this song.
https://www.youtube.com/watch?v=UTqvaQP5-tA

My condolence to you and your family.

Welcome, probability, sama sama kita berjaya

Hi probability, it's little bit of luck, not really sharp lah (◠﹏◠)

For CRC producers, I put 60 percent on Mycron & 40 percent on CSCSteel. Even after today, I will still choose the same ratio.

CSCSteel is Industry Leader and is having extremely strong balance sheet & cash flow plus good dividend records, so it is an easy decision.

For Mycron, I sincerely believed that market had treated unfairly to this stock, if compared to all other producers including EonMetal & YKGI.

If based on last 4Q to project for Mycron's next 4Q results, it will be quite misleading. Please read carefully on the last 4QR & you may get something out of it.

My calculation is forward PE 6x at price of RM1.30.

Normally end product price goes up first, then only follow by the raw material. (Current steel market)

For example, if rebar price is low, so the scrap steel will also be low. If the rebar price has gone up, then the scrap/iron ore will follow.

Unless there is shortage of supplies of scrap metal or iron ore, causing raw material price increased, the end products (rebar or crc) will increase then. (this is not the case here)

So, don't just look at one type of steel prices, it's better read all types of steel prices to get better pictures.

Also, take close look at current steel market development, the progress has been very positive since Mar 2016

That's mean almost another potential of 50 percent upside, come on, baby, hahaha

I am still learning how steel industry works, please share & correct if I am wrong in any area. Wrong but corrected here rather than wrong or miscalculation in real money, hehehe

Normally end product price goes up first, then only follow by the raw material. (Current steel market)

For example, if rebar price is low, so the scrap steel will also be low. If the rebar price has gone up, then the scrap/iron ore will follow.

Unless there is shortage of supplies of scrap metal or iron ore, causing raw material price increased, the end products (rebar or crc) will increase then.

So, don't just look at one type of steel prices, it's better read all types of steel prices to get better pictures.

Also, take close look at current steel market development, the progress has been very positive since Mar 2016

Hehe, we are all sharing and learning together, thanks tempac & onetonneman