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2016-09-01 10:41 | Report Abuse
Hehe, the falling of megasteel is good news to CRC companies.
Megasteel has been given chances for many years but still can't make it. This is sad story.
2016-09-01 10:31 | Report Abuse
Even senior staff also hope for MIRACLE for the company, it is scary.
2016-09-01 10:31 | Report Abuse
One more thing, megasteel ceased operations in Feb 2016 & laid off workers on 1/4/2016.
http://www.nst.com.my/news/2016/04/140006/over-200-megasteel-workers-stage-protest-following-layoff
Senior Manager-Group Human Resource at Lion Group said:
“We are hoping for a MIRACLE so that the local steel industry will get better and we all can go back to work as usual,”
2016-09-01 10:25 | Report Abuse
Hehe, that's the beauty part.
On CRC, Malaysia imposed anti dumping duties, so selling price will be maintained or even increased.
While on HRC, which is input material for CRC producer like CSCSteel & Mycron, can not be produced locally and have to be imported, enjoy lower price with saving of at least RM400 per tonnes if compared to previously sourced from Megasteel.
Imagine the average selling price of CRC is ranging from RM2050 to RM2,100, the saving is incredibly huge.
2016-09-01 09:15 | Report Abuse
Effectively, Malaysia seem do not have HRC producer at this moment of time, as according to Mycron's report in AR2015 & latest QR.
Megasteel = ceased operation
Southern Steel = Disputing with solution provider, installation stalled.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5192829
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5145225
2016-08-31 22:47 | Report Abuse
I think my comment worth 2 cents, so do XingQuan.
Therefore my guess on tomorrow share price = 2 cents
2016-08-31 22:44 | Report Abuse
JOKE of the year 2016, no doubt about it
2016-08-31 22:43 | Report Abuse
xinquan has become the JOKE of the year 2016.... lol
2016-08-31 22:40 | Report Abuse
Diluted EPS = 2.7c
Annualised = 10.8c
If PE 10, price = RM1.08
If PE 9 , price = RM0.97
If PE 8, price = RM0.865
Warrant will very likely be converted to ordinary shares as long as the mother share remained at above 25 cents before the expiry of warrant.
2016-08-30 23:46 | Report Abuse
I sold my shares in Icapital at RM2.30 last year this time & the price was RM2.30 yesterday.
Well done, Mr Tan
2016-08-30 23:42 | Report Abuse
2016-08-30 23:41 | Report Abuse
I look at the following statement from wiki and reminding me of ICapital waiting for crash since many many years ago.
Lynch has also argued against market timing, stating: "Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in the corrections themselves."
2016-08-30 23:35 | Report Abuse
After the recent experience & performance of other furniture export companies, investors are more cautious now. They may want to see how's the coming quarter's sales & profit.
I trust Lii Hen can deliver, so I choose to hold, see how it goes.
2016-08-30 23:12 | Report Abuse
JeeVS is fake one, see below:
Posted by Vc Looi > Jun 2, 2016 11:34 PM | Report Abuse
genetec share consolidation 10:1
2016-08-30 23:11 | Report Abuse
Construction play is now rewarding.... well done, yeekarwai
2016-08-30 23:10 | Report Abuse
Peter Lynch said on his 5 stock selection rule:
3 doing ok & 1 not so bad are acceptable, as long as 1 doing extremely well
2016-08-30 23:07 | Report Abuse
Congratulation, paperplane, you are NO.1 now
2016-08-30 17:04 | Report Abuse
This Q proved Lii Hen can deliver, all other export stocks GOYAK already
2016-08-30 12:08 | Report Abuse
Lii Hen latest QR = 9.46c eps
Annualised = 37.84 eps
Lii Hen Current Price = RM3.04
PE = 8.03 times
Expected Dividend = 4c x 4Q = 16c
Expected Dividend Yield = 5.26 percent
2016-08-30 12:08 | Report Abuse
Lii Hen latest QR = 9.46c eps
Annualised = 37.84 eps
Lii Hen Current Price = RM3.04
PE = 8.03 times
Expected Dividend = 4c x 4Q = 16c
Expected Dividend Yield = 5.26 percent
2016-08-30 11:22 | Report Abuse
The clear advantage of CSCSteel is having huge cash & no borrowings PLUS decent payout of dividend
2016-08-30 11:17 | Report Abuse
Latest QR = 10.09c eps
Annualised = 40.36c eps
If PE 10, price = RM4.04
If PE 9 , price = RM3.63
If PE 8, price = RM3.23
Worse part is you don't get dividend for giving yourself a chance to hold on with this stock
2016-08-30 10:42 | Report Abuse
jcwm22, as the matter of facts, there are always people think differently, may be expect higher, or never expect something, this & that.
2016-08-30 10:25 | Report Abuse
I've read every QR & AR for the past 3 years for 4-5 times to understand how this company did.
The Chairman's statement for AR 2015 is the best among ALL Companies listed in Bursa, it is so detailed until I can understand how the business run & what were happening in the industry locally & globally.
I will feel very great if I were the shareholder of this company. So I am now.
2016-08-30 10:05 | Report Abuse
I am happy for I have chance to add more, a lot more today than yesterday.
I saw it coming, but never expect so good. I will share my findings here later.
2016-08-30 01:11 | Report Abuse
Yes, KLCI King, Taiwan is part of China
2016-08-30 01:10 | Report Abuse
Please read yourself if it is Taiwan or China Companies, or you can read annual report for more details:
CSC Steel Holdings Berhad mainly owned by China Steel Corporation (46.37 percent) via its subsidiary, China Steel Asia Pacific Holdings Pte. Ltd.. China Steel Corporation currently is the largest integrated steel maker in Taiwan and 23rd largest steel producer in the world.
2016-08-30 00:56 | Report Abuse
Bad result, another gone case
2016-08-30 00:42 | Report Abuse
Result may not match to the expectation of certain people, GOOD LUCK.
If price drop, will collect more....
2016-08-30 00:37 | Report Abuse
Stockraider, nope, lii hen had released QR 2 week ago & enjoyed 34 percent increased profit YOY growth.
30/6/2016 : 17.02m
30/6/2015 : 12.66m
But Yes to latitude & SHH and not sure on pohuat (to be released by next month)
2016-08-29 11:28 | Report Abuse
superman sifu, you should take a look at mycron, cheaper
2016-08-29 10:50 | Report Abuse
Hehe, start collect this stock, seem like this stock is very quiet
2016-08-29 10:09 | Report Abuse
I realise that many of my comments were unable to be posted by the system last few days, tried different devices, iphone, ipads, notebooks & browsers also won't work.
2016-08-28 21:19 | Report Abuse
Should change something in the title:
Fortunate Investor =>>> Fortunate Shares Buyers
2016-08-28 11:54 | Report Abuse
Seems right, pls find more secrets that not knowing by many or everyone
2016-08-28 08:44 | Report Abuse
Haha, said everything, very clear & well written article, itjustabouttheprofit, good job!
But miss one thing as follows:
The Royal Malaysian Customs Department will enforce the collection of anti-dumping duties and this measure will be effective for five (5) years, from 24 May 2016 to 23 May 2021. With the imposition of anti-dumping duties on imports of Cold Rolled Coils of Alloy and Non-Alloy Steel from the alleged countries, it is expected that the issue of unfair trade practices will be addressed.
See full press release: http://www.miti.gov.my/index.php/pages/view/3343
Ps: thanks to sharing by optimushuat on 24/05/2016.
2016-08-28 01:38 | Report Abuse
Thanks for sharing, mbs7633
2016-08-28 01:37 | Report Abuse
Having huge cash in hand does not guarantee success, we can see it in Proton 20 years ago.
But, with huge cash in hand and good cash inflow every year, it will enable the management to continue distributing its profits to shareholders via dividends in future, just like what they did in the past years.
2016-08-28 01:31 | Report Abuse
Well said, Zefftan, though we can read the reason of increase in cash from the cash flow statement in the latest QR, it is good to be pointed out to share.
2016-08-27 13:19 | Report Abuse
The so called hint from Yellen was widely expected by looking at the latesr conditions of employment and housing markets, now the question is when.
2016-08-27 10:39 | Report Abuse
Everyone has own pattern of understanding things, via sharing & discussion, we may see something we could have omitted.
Thank you for sharing your view & thought, twot.
2016-08-27 02:09 | Report Abuse
Sound making sense, spent 10m in mother to earn 2m in son. Wow, 20% return.
Errr.......... how about 10m later? Since price up already, earn another round. God strategy.
2016-08-27 02:01 | Report Abuse
Giant Genting Dream, thanks for sharing
2016-08-27 01:58 | Report Abuse
For six month period ended 30/6/2016, CSCSteel already generated cash from operating activities of RM98m.
Existing market cap = 535m
Cash in hand = 321m
Growing & consistent profit records (except 2015, reason? check it out yourself)
Generous in paying 5%+ dividend
2016-08-27 01:34 | Report Abuse
Very good written article
Stock: [CSCSTEL]: CSC STEEL HOLDINGS BERHAD
2016-09-01 12:00 | Report Abuse
Short term long term does not matter, as long as making money