It is good for moneysifu to highlight on certain financial information to assist readers to understand where is Ekovest heading to.

I trust that It is important to know the % of completion to estimate future financial projections rather than based on guessing.

Finish reading, really informative. There is something very interesting in the tin price movement. Thank you for sharing again.

Very interesting & logical analysis, thanks for sharing, good job to paperplane.

Also thank moneysifu for your effort in publishing such good article for more people to read.

Thank you, xuewen.

Moneysifu is one of best members in i3, I admire moneysifu so much for his unselfishness in sharing news & info with all members.

Thumbs Up, moneySIFU.

Good performance today, hope everyone get what you wish for.

There have been many good development on Ekovest lately & the management has big plan for Ekovest.

The management want to make Ekovest 10bil market cap company in 5 years time, that's very strong declaration to me.

I feel glad to be part of Ekovest & hope to dream big together with the Management.

Thank you for the news sharing here, moneySIFU.

There have been many good development on Ekovest lately & the management has big plan for Ekovest.

The management want to make Ekovest 10bil market cap company in 5 years time, that's very strong declaration to me.

I feel glad to be part of Ekovest & hope to dream big together with the Management.

Thank you for all the news, moneySIFU.

cstanmyinvest, thank you & hope Ekovest won't let us down

Congratulation to all!

Thank you for sharing here, moneySIFU

The spread is maintained at RMB1000 & price is definitely on uptrend now. It will only do good for all CRC producers in Malaysia.

I trust Mycron & CSC Steel will be the most benefited companies & others will follow.

http://www.sunsirs.com/uk/prodetail-318.html
http://www.sunsirs.com/uk/prodetail-195.html

Make your own judgement & don't follow anyone, including me. Because it's your money.

The spread is maintained at RMB1000 & price is definitely on uptrend now. It will only do good for all CRC producers in Malaysia.

I trust Mycron & CSC Steel will be the most benefited companies & others will follow.

http://www.sunsirs.com/uk/prodetail-318.html
http://www.sunsirs.com/uk/prodetail-195.html

Make your own judgement & don't follow anyone, including me. Because it's your money.

When Mr Gan selling & keeping the price at RM1.40+, I feel lucky to be able to go in.

Now I feel another round of lucky for price has been pushed down to below RM2 today & I truly trust that this company has been over shadowed by non business factor, so I view it as opportunities.

Make your own judgement & don't follow anyone, including me. Because it's your money.

Thank you for pointing out, moneysifu, I will work out the details on the differences & see the reason of differences.

You are right, Mr Ooi, the next quarter result is really important. Estimation is still forecast figures only. And also below:

"It is a stock market, someone will sell and someone will buy"

Hope all can see my reminders before buying any shares.

If you make money, congratulation, but no need to share with me as these are yours.

If you lose money, sorry to hear that as I only responsible for mine, not yours.
http://klse.i3investor.com/files/my/blog/img/bl2751_blog_desription.jpg
http://klse.i3investor.com/files/my/blog/img/bl2751_blog_footnote.jpg

Hope the above are acceptable to you, IamGoogle

For Question 3, low sales/production volumes for quarter period 30/9/2016 are due to Ramadan Month and Hari Raya holidays. I projected the factory to close for 1 week.

For Question 2, though the Management of Mycron has confirmed that my past 4 quarters are very close to the facts, but they didn't confirm or give hints on the current selling price.

So I can only guess with most conservative way, even though I know the facts that China CRC has gone up 29% since 30/6/2016.

Realistic projection is much achievable & acceptable to me.

For Question 1, CRC division is having higher profit margin compared to Steel tube division, so it is normal to give more resources/raw materials to CRC division in order to generate higher profits for the company

Thank you, IamGoogle

Hi 静思# 是修养也是修行, thank you for recommendation, I will look into that company.

Hi FutureEyes, I read your article earlier & found your way of calculation was fantastic & reasonable, coupled with respective external links/sources.

By going through different points of view & paths and it reached to a same direction, it is really fantastic.

Good job, FutureEyes.

If anyone is interested or prefer to have FULL Picture of all the analysis & working presented in my part 4 article, please click below link:
http://klse.i3investor.com/files/my/blog/img/bl2751_mycron_full_table_for_analysis_purposes.jpg

If anyone is interested or prefer to have FULL Picture of all the analysis & working presented in my part 4 article, please click below link:
http://klse.i3investor.com/files/my/blog/img/bl2751_mycron_full_table_for_analysis_purposes.jpg

Thank you, moneySIFU. I prefer to be conservative in estimation, so to make the estimation more realistic & achievable.

Furthermore, I don't have direct confirmation on the selling price from the Management except some unconfirmed sources.

Thank you, Mr Ooi, your records & results are truly amazing, very much to learn from you & all good sifus here.

As what moneySIFU said, please keep your good work & stay strong, Mr Ooi

From RMB2,950 (23/6) increased to RMB3,805 (25/10), it represents 29% increase! That's fantastic development.

Thank you for the news, probability & moneySIFU.

Hi Mr Ooi, Any targets set are merely indication of my dream achievement for my money. You have my respect for your past records & results.

I have worked out another option for those who feel not comfortable with my TP
http://klse.i3investor.com/files/my/blog/img/bl2751_mycron_alternative_option.jpg

Thank you al for supports & nice comments, I am outside now & can't talk much, my brief replies are as follows:

1. Everyone have their own ways of thinking & presentation, the key is to share, thank you for many good sifus here in i3.

2. Past 4 quarters' figures (production & financial) are confirmed by management with reply: "very close" and I will elaborate & prove it with all the notes from the quarterly reports of mycron

3. All future estimation are not derived from management but based on my own judgement & assumption.

4. Welcome all to test on the figures so I can avoid any miscalculation, thus avoid misjudgement.

Thank you.

MYCRON on the run with Revised Target RM1.68 (Upside Potential +50%) Part 4
http://klse.i3investor.com/blogs/wealth123/107089.jsp

MYCRON on the run with Revised Target RM1.68 (Upside Potential +50%) Part 4
http://klse.i3investor.com/blogs/wealth123/107089.jsp

MYCRON on the run with Revised Target RM1.68 (Upside Potential +50%) Part 4
http://klse.i3investor.com/blogs/wealth123/107089.jsp

MYCRON on the run with Revised Target RM1.68 (Upside Potential +50%) Part 4
http://klse.i3investor.com/blogs/wealth123/107089.jsp

All my projection has not taken River of Life into consideration, so this is really big if RoL project start to kick off.

Thank you for sharing such good news, moneySIFU, all my projection has not taken River of Life into consideration, so this is really big if RoL project start to kick off.

Not sure if can publish the Part 4 Article tonight, if not then will be tomorrow.

In support on the above analysis, please refer the following notes in the quarterly reports:

In Note A11 of Quarterly report 31/3/2016, the following are stated:
In February 2016, the dominant domestic HRC supplier abruptly halted production and supply reportedly due to unpaid electric bills and stiff foreign competition. The Group’s Steel Tube operation was affected by unfulfilled delivery orders of 2,500 tonnes of HRC

In Note B1 of Quarterly report 30/6/2016, the following are stated:
the Steel Tube subsidiary’s sales volume is down 14% but the average unit selling price is up 3%. The declined in the Steel Tube sales volume for the current quarter is mainly attributed to shipment delay of raw materials

Analysis on Mycron's Production Capacity over the CRC & Steel Tube Divisions
http://klse.i3investor.com/files/my/blog/img/bl2751_mycron_analysis_on_production_capacity_1.jpg

Good say, probability, the following may be worth to take a look:

In Note A11 of Quarterly report 31/3/2016, the following are stated:
In February 2016, the dominant domestic HRC supplier abruptly halted production and supply reportedly due to unpaid electric bills and stiff foreign competition. The Group’s Steel Tube operation was affected by unfulfilled delivery orders of 2,500 tonnes of HRC

In Note B1 of Quarterly report 30/6/2016, the following are stated:
the Steel Tube subsidiary’s sales volume is down 14% but the average unit selling price is up 3%. The declined in the Steel Tube sales volume for the current quarter is mainly attributed to shipment delay of raw materials

For potential upside consideration & transparency, I have more than 80% in Mycron, others are 20%

I have revised my target price for Mycron to RM1.58 (PE7) & CSCSteel to RM3.19 (PE10), I will publish & explain my revision in my coming part 4 article.

I have revised my target price for Mycron to RM1.58 (PE7) & CSCSteel to RM3.19 (PE10), I will publish & explain my revision in my coming part 4 article.

I also revised my target PE from 5 to 7 due to latest positive development in CRC industries (Malaysia & China)

My target price now is RM1.58, I will explain in my next article

I said the above at Mycron forum right before the surge today.
http://klse.i3investor.com/servlets/stk/5087.jsp

(5 Sep 2016) Bright Future for CRC Steel Producers: CSCSteel, Mycron, Eonmetal & YKGI (Part 1)
http://klse.i3investor.com/blogs/wealth123/103741.jsp

(6 Sep 2016) Huge Potential Upside for CRC Steel Producers: CSCSteel (+24%) & Mycron (+90%) (Part 2)
http://klse.i3investor.com/blogs/wealth123/103812.jsp

(12 Sep 2016) Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

Based on my projection of future profit for Mycron, the following are estimated:

30/9/2016 - 5.34
31/12/2016 - 6.44
31/3/2017 - 6.53
30/6/2017 - 4.29
Total = 22.6 cents

I will release my calculation & projection at the coming CRC Part 4 article.

My target price now is RM1.58, I will explain in my next article