Naga 2nd reason later I will discuss in Batu Cave see how …. anyway see how lionind perform for this 2 weeks ….

GTG …. 88 ...

Probability, anyway, certain info you had good sharing, to enhance my homework …. appreciate …

Anyway, all the best to you.

naga, I think I had recommended in Batu Cave before, no one buy when that time dropped to below 70 cents ???? that time dropped, I average down ….. anyway, now I don't have …

Parkson China result will be out soon … the Parkson retail asia this Thursday I think, last Friday there was certain investor disposed off …. anyway see how ….. Maybe can buy back at lower price …. who know …

I am too not focus on 1st reason, but 2nd reason …. that is what I can disclose here ...

hi naga, sikit sikit huat ….. when you are here …. mean this counter is very hot liao …..

how about u ? did u buy lion ?

Initially there is 2 probable reasons I think why WC want to acquire Megasteel assets (please note that this is MOU)
1) HRC facility to produce 3.2 million HRC to cater for those electrical appliances and car - flat steel demand, like National car 3.0, if WC estimate there is huge demand of HRC required in the market in future
2) due to ….. (this one I kept first) … WC signed MOU, means it depend on "1 thing".

For 1st one you need the demand to fulfill the supply of HRC …. like car you need to sell more than current demand in order to fulfill the activation of Banting plant... To me, this is 50:50

For 2nd one, I think is 70:50, for plant activation, I agreed with Probability, this may take only couple month to start back the operation …. for WC, MOU signed is to secure the acquisition price in Megasteel, but it depend on certain factor to immediate run into force on the operation ….. there is one reason I feel interesting but not yet CRYSTALISED yet ...

Just some agak agak opinion ….. RM36 the TP is still far away …. I not here to argue with Probability, just share my view.

Lionind got impairment for this coming qtr, but my working on this impairment not sure is correct or not, it may turn out results not as you expected ….

Ssteel result think will perform better …..

Anyway it depend since end qtr result, difficult to estimate … but at current price, I will bet Ssteel since already gained from Lionind

today top up some.

The result is near the corner, don't wait until announcement only chase the price. Below 2.00 still a good bargain price. Historical highest price is 2.58, if TP is 2.50, at this current price of 1.88, u still have more than 30% gain. 1.88 is not at high side that will hit you down …… for this couple years, 1.80.- 1.90 quite the average buy price for most of the buyers. Johor have several high rise projects from China developers and local developers to support the demand of steel bar and wire rod which fetch a better price.

Buy first before it surge.

I totally out from Lionind (last batch cleared at 1.28), to this qtr results I not confident the result is good …. just lock in my profit first ... will come back when times come …

Need to take up Ssteel shares (otherwise will ride with Uncle on Lion) …

Mr. OTB, appreciate you to recommend another share Ssteel to Uncle Koon. Thks. Anything on Ssteel we can discuss in Ssteel forum.

Paperplane geng.... +1

Mr Koon recently sold JAKS, with this funds and margin, some might used up already, and some is to further push up to higher level.

1.30 see whether can break by today or not if he really has the power to push ….

But we must thanks Uncle Koon since he help lot of people for earning money here

silent man how come you got RM1 profit margin, your cost price is 26 cents ? so geng ….

even thought I had purchased at 0.33 I also lost to you …… haha …. can refer to old post that time I asked people to buy buy buy …..

Just saw Mr. Koon's article, think still have small room to grow ….. 1.30 today …. haha …..

Thanks OTB recommended to Mr. Koon, finally it flied like Hengyuan.

Got thing I had agak agak worked out, never mention here, see how …..

Warn3r thanks for link. Very good weekly report that summarized lot of things.

I think u holding this counter right. Wish u all the best. Fruitful day will come next week and to award all the holders here.

kite, good discipline, no overnight.

But hor tonite maybe HSI future will have +1% gain and closed around 27,450. Just kidding …..

warn3r, it is ok, no worry. Can I have the link of MITI weekly website for scrap price ? Appreciate you can provide the weekly report scrap price link.

https://www.lme.com/en-GB/Metals/Ferrous/Steel-Scrap#tabIndex=0
This is London Metal Exchange website, current market price for scrap steel is USD 303 per ton, not USD 370-385. The above computation I used LME/Singapore scrap iron price to work out, but since I not subscribed, so just agak agak. Another website actually want to refer is CIDB site, but dunno how come cannot access.

Anyway I need to tell you is the increase/decrease in scraps and selling price of steel products is co-related, so if scrap price increase, selling price increase and vice versa. Even not 100%, also got 90%.

One more thing need to show you is Graphite Electrodes price is decreasing. And wanna to tell you don't listen whatever people said, figures do tell you drop or increase.

Anyway, good to have discussion since I am not the person so keen to study, agak agak curi makan. Anyway previous large inventory balance is to mean also have good sales quarter this month, I trust the company has their pricing and purchasing strategy and this mean they will price in the scrap price up/down, even not to the fullest

Hari haji is next wednesday ... report think most likely out on next Tuesday evening .... Thursday think will have gap up ..... 2.20 should not be a problem .... buying this company is not because this qtr is because steel selling price now at high side till next year CNY and ssteel production at max side.

Before price push up to 2.00, better buy now. People may misinterpret .... given chance u to buy more.

Regarding you said why this qtr easy to beat last year qtr, this mainly due to average selling price in market.

Apr-Jun 2017 ASP (not remember) maybe around 1900-200
Jan-Mar 2018 ASP 2500-2650 (price depend on quality and density)
Apr-Jun 2018 ASP 2350-2480 (price depend on quality and density)

To me, when ASP dropped to 2000 and below, this might only just to cover COS.
If above 2200, should have profit around 3-5%.
If above 2500, should have profit 4%-6%.

Graphite Electrode price is also diminishing, if free, will show you the China price, all agak agak.

I don't have much details on scrap iron price. Just agak agak.

Jul 2017 scrap iron price is USD 280 per ton + processing fee to billets USD 90 = USD 370 per ton
Early of 2018 think scrap iron price is USD 350 per ton + processing fee to billets USD 90 = USD 440 per ton
Current price of scrap iron price is USD 310 per ton + processing fee to billets USD 90 USD 400 per ton

Jan to Mar 2018 report USD440 x 3.93 = RM1,729.20 let's say RM 1,684 since scrap iron price might around USD 330-350
Apr to Jun 2018 USD400 x 3.97 = RM 1,584.00

So scrap iron + processing cost to billet price is reduced by RM100.00 for this qtr.

Ssteel produce higher quality product of wire rod and steel bar, so in market this may fetch better price.

Jan - Mar 2018 average selling price 2,580
Apr to Jun 2018 average selling price 2,480 (maybe market price is around 2,380+-)

Average selling price is dropped by RM100 / ton offset against RM100 / ton dropped in scrap iron price.

Not sure this is ok or not, just agak agak. Anyway, margin is still there. Even 5% cannot be obtained, at least 3.5%-4% still have provided no other NCF expenses.

warn3r …… appreciate you provide scrap iron price info here 2017 and 2018 ….. need to work computation on this …… thanks.

I sold 1.20, left sikit. Thanks lionind, really GENG!!!

For apr to jun compared to jan to mar .... average selling price is dropping but in percentage of dropping is within single digit ... impact to bottomline is minimal .... bottomline do decrease but still in acceptable profit range ... without any non cash flow p&l adj. . .this qtr profit will be better than last year qtr.

Scrap price .... noted ... margin i had reduced from 5.9% to 5% to reflect this material cost .. i will re agak agak compute again ... might be bit lower than 5% ... will come back on this.

Graphite electrodes huge jump last year ... this year is diminishing ... i refer to china website and one of the listed co in china is mainly selling this .... the shares price also droppwd from 38 to today 24 .... you can google search .... do search yourself

Today lowest 26647 i use as the support within 1 month trading range ... if lower than this ..... then market will turn bearish ....

Still find way to reduce losses .... to win back losses may take sometimes ....

My hand too itchy ...switch fund from lionind to this counter ... dont want earn stable ... want heart attack .... sad .... this is really die lor ...

This night sleepless liao ....

duit u still hold call ? can comment this HSI index direction ?

because I think I need to sell underwear liao ….

Next week Ssteel will announce its last qtr result (ignore its court case with assumption this has been fully provision in accounts)

1) Compared to same qtr corresponding year, we notice that average selling price has picked up from 2nd half year 2017 until now, and although compared to previous qtr, there is single digit % dropped in revenue, but compared to same qtr previous FY, the average selling price is still better to cover the COGS, estimate revenue will be 840,000-880,000 in between.

2) Graphite electrode, the cost of this item is being diminished from its high, there should be some reduction on this purchase cost.

3) Bottomline, using 850,000 x 5% = 42,500 (M) AGAK AGAK for this qtr (assume no PPE written down). So total 4 qtr profit will be 218,000 (M). So annual EPS will be 218,000 / 433,642 = 0.50. Using PE 6, so the TP will be 3.00.

Now the price is 1.86, potential upward is about 61%. Besides, the steel price is still climbing upward coupled with the continuation of infra and mega building projects and exemption of SST on steel products, what you need to wait for ? Tomorrow first thing is to buy Ssteel.

You may miss the ride on Lionind, but don't forget there is another diamond for you to collect, there is Ssteel. Forget about Graphite Electrode cost, since average selling price is climbing up whereby graphite electrode cost is stepping down.

Remember ……. BUY SSTEEL BEFORE RESULT OUT.

time to in Ssteel ……. 2.50 in the making ……..

hope to reach 1.20 soon today ….

BESIDES I STRONGLY RECOMMEND ANOTHER STOCK: KPSCB …

Superpanda, free golf ? free hello kitty family ticket got or not ? haha

today itchy hand, dunno what I am doing ……

Don't forget KPSCB - I strongly recommend to buy ……

Lionind …. fierce fierce up today ...

just some agak agak opinion:

1) word index - today or latest by tomorrow there will have some rebound and hopefully will resume uptrend mode. This month investor will mainly focus on stock results to be released. For Turkey case, think Trump plan is not only control Turkey in American Pastor issue, Syria issue and tariff issue and also bring EU for further negotiation as European banks are main financier to Turkey economy and any drag down in Lira also affected Euro money. Think later EU and USA will have meeting on this issues and hopefully positive new will come in place.

2) Lionind - today support still very strong at 1.08-1.09, coming results will be Parkson and Ssteel, and this might bring some positive momentum.

3) Bursa index - it may resume uptrend in any time from this afternoon.

4) Mr. Koon Koon will help us to push to 1.20.

Lionind, today you may see whether it can touch 1.20 or not.

Anyway, dunno what I am doing …… I done something I dunno what to say … haha ...

leave, bye, retire, relax ….. ?!?!?!?!?!

Lionind this week will hit 1.20
KPSCB this week will hit 0.70

1) mean world index ….

Just some opinion:

1) today and tomorrow morning still look bearish, need to take 1-2 days then will resume back uptrend
2) this month is results announcement month, higher % of listed companies will provide better than previous qtr results.
3) Foreign funds still in net position for buying in for this month, towards National days, we should see our bursa index to break higher records.

What should you do:
- hold until results announcement
- sell off now because of trade war between USA and other countries … wait for another buy low opportunities ... but maybe you cannot buy back when shares rebound

If you buy below 1.00, maybe hold and wait for better exit price …..

ANOTHER STOCK I STRONGLY RECOMMEND YOU: KPSCB. BUY BEFORE TOO LATE.

TP 1.00 after result out …….

if drop then buy more, if up then hold to bigger profit …

last time I got batch sold at 0.81 and moved to other stock, if Monday can sell at 40% gain, then will in Lionind if price drop to 0.92+-.

Results will be 2-3 weeks later ….. if down then buy more …. after next week, maybe will one way up up up ….

H4O going back to my purchase price liao …. but I already cut losses liao … sad ...

anyway switched to another counter liao hopefully 100% gain within this month ….

last call to buy …… this qtr result should be better than previous qtr result, maybe 6.5 m to 7m bottomline ….. TP: 0.80-0.90 …..

movie baru started, today may test to close at 10.70-10.80.

if I not sold Tenaga-C44 at 0.11 and moved back to lionind, today will have 120% gain at Tenaga warrant instead of 15% gain …..

Money constraint ... sad …. haha … hopefully lionind will gain back some ….

One more thing to say, towards our National day, see whether we can test 1,900 level. Overall bursa will be doing well for this month.

today T+3 and Monday T+4, hope there will be up if think will be supported well at this price.

To me,
1) Steel business still doing well (for local and export, there is room to grow up more when utilization rate is increase and additional/old factory is put in operation) - this is the support factor for 1.00 price
2) Property development (S.E.A. and China) - an additional bonus point as compared to other peers
3) Retail business - Parkson new FY will turnaround after this annual results - this will be a boost factor for new FY
4) Construction materials business - still doing good

To me, price need to go 1.20 at least then will be meaningful profit to the big buyers if their average price is 0.80-0.90. T+3 and T+4 is for you to switch hands, but maybe not for big buyers.

Agak agak lah, haha.

Posted by tguan888 > Aug 9, 2018 11:37 AM | Report Abuse

Aspion agree settle the courtcase outside and bonus issued ex date coming out this friday!buy!buy!buy!

现在看到这信息，好样的！！！

Pang72 how come this time your TP so low ? …. should say at least 2.50 haha ….. at least more than NTA value

Closing buy q at 1.01 …. you know how many lot? 8888 …. this mean all the way huat until mum dad also cannot recognise

to me C29 will be better choice in term of exercise price and premium

C31 higher exercise price at 10.40 and expiry date is 12/9, higher risk, maybe can win huge gain, but longer you hold, longer this will become paper
C36 even higher price at 13 and now trade at premium at 43-44%, expiry date is Feb'19, unless you think Topglov will up to more than 13.00-14 by Feb'19, anyway, market may turn back at year end till Feb'19

so to me better choice is C29, safer and low premium. I not using 0.212 to derive expensive, need to use mother price to determine the premium, if within 5% and still have more than 2 months, considered safer to me …...

Mum TP: 11.00 ….. Topglov should catch up compared to Kossan and Harta recent price up.