Short term long term does not matter, as long as making money

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.

Even senior staff also hope for MIRACLE for the company, it is scary.

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,”

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.

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

I think my comment worth 2 cents, so do XingQuan.

Therefore my guess on tomorrow share price = 2 cents

JOKE of the year 2016, no doubt about it

xinquan has become the JOKE of the year 2016.... lol

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.

I sold my shares in Icapital at RM2.30 last year this time & the price was RM2.30 yesterday.

Well done, Mr Tan

Source: https://en.wikipedia.org/wiki/Peter_Lynch

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."

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.

JeeVS is fake one, see below:

Posted by Vc Looi > Jun 2, 2016 11:34 PM | Report Abuse
genetec share consolidation 10:1

Construction play is now rewarding.... well done, yeekarwai

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

Congratulation, paperplane, you are NO.1 now

So this is fake 1

This Q proved Lii Hen can deliver, all other export stocks GOYAK already

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

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

The clear advantage of CSCSteel is having huge cash & no borrowings PLUS decent payout of dividend

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

jcwm22, as the matter of facts, there are always people think differently, may be expect higher, or never expect something, this & that.

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.

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.

Yes, KLCI King, Taiwan is part of China

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.

Bad result, another gone case

Start to go up?

Result may not match to the expectation of certain people, GOOD LUCK.

If price drop, will collect more....

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)

superman sifu, you should take a look at mycron, cheaper

Hehe, start collect this stock, seem like this stock is very quiet

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.

Should change something in the title:

Fortunate Investor =>>> Fortunate Shares Buyers

Seems right, pls find more secrets that not knowing by many or everyone

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.

Thanks for sharing, mbs7633

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.

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.

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.

Good morning, Mr Icon

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.

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.

Floating 5 star hotel, crazy

Giant Genting Dream, thanks for sharing

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

Very good written article