diam la upsidedown..OTB recommended good shares and i made lorries of $$$ coz of him...use RM100 paper note throw u also u can die :)

"Faced with global anger from Asia to the United States and Europe over a flood of cheap Chinese steel products, Beijing promised to cut steel capacity this year by 45 million tonnes and by 100-150 million tonnes over five years.By the end of July, China had only achieved 47 percent of its 2016 target"

Hi Probability, you have a good question here. Whether the large pile of inventory hold is good, we must look at the China's continuous effort to cut their steel production, hence, price of steels will be maintained/go up higher to keep the margin much attractive.

Please read news as follows, published few days ago:
http://www.thefiscaltimes.com/latestnews/2016/09/21/Under-global-scrutiny-China-has-cut-steel-exports-industry-body

Posted by probability > Sep 25, 2016 08:13 PM | Report Abuse

wallstreet82....anti-dumping duties would definitely improve the profitability of a company manufacturing products with low 'retention time' in their factory. i.e with a low inventory so that they can react on the supply pricing and selling prices according to the market.

im only worried due to the large pile of inventory Masteel, which acts as double-edged sword depending on the price trend of their products.

Strong buy. :)

In the recent QR of Megasteel under Prospect Section, the Company has hinted that the demand for next few months will be much higher. Apart from this, MITI safeguard on long products will benefit to the Company significant if it's approved.

Let's compare the rebar price in 2015 and 2016 in the same period:
21/3/2016 1,650 1,800
26/2/2016 1,520 1,620
27/1/2016 1,450 1,550
31/3/2015 1,850 1,950
24/2/2015 1,800 1,900
27/1/2015 1,900 2,000

Prices in 2016 (Jan - March) is lower than previous year corresponding period. The profit in that period:
2016 Q1: RM5M profit
2015 Q1: (RM10M) losses

Why are they making more profit when the rebar price is lower? Monkey Business, do more homework lar!

To understand why Masteel can achieve better result, Monkey Business you'll have to do more homework. Not only keep quoting prices etc. A lot of analysts like you like to talk with figures without good business sense always bring investors to Holland.

Monkey Business, in the recent QR of Megasteel under Prospect Section, the Company has hinted that the demand for next few months will be much higher. Apart from this, MITI safeguard on long products will benefit to the Company significant if it's approved.

hi ronnie tan, note that those steel big boys will get first hand info, and the website requires subscription/fee, so subscribers enjoy first hand info. MITI and media will probably announce on Monday. Good to buy aggressively on Monday opening before media announcement.

thanks 100percentprofits. i'll buy MASTEEL aggressively considering its high upside. Still have long way to go.

If u happen to come across Masteel's latest QR, under prospect section, they hinted next few months demand will very increased significantly. MITI safeguard will contribute POSITIVE result if approved.

Thanks for your sharing in Masteel. I have done a lot of research on this stock, with MRT infra projects ahead, Masteel is going to be benefited a lot.

moneySIFU, are you aware of the coming MITI announcement on safeguarding steel products, by 26 Sept. If improved, will benefit MASTEEL a lot?

thanks OTB for your reply.

if you don't mind, would u tell me what's ur average cost price for ChooBee? Thank you OTB and happy mooncake festival!

so that we may share info instantly to not miss out any chance :)

hi moneysifu and probability sifu,
i have been doing research on steel companies too. since we are all keen in steel stocks, shall we create a whatsapp group?

murali sifu,
aiya...u don't get my sense of humor..
pls recommend me stocks haha...i wan make money like murali bought gamuda..

murali sifu,
what stock do you recommend now with high upside?
among all steel stocks, which one do u recommend?
tq

Hi OTB sifu,

Out of so many steel counters, if you can hint 1 BEST steel counter with good upside to buy, which one would u recommend?
thanks.

I'm working at asset management division at one of the tier-1 investment banks in MY. Our fund manager started to look into steel counters, Mycron is a good option among the peers.