See WCT PE and TRC PE and outstanding contract value, you will get the answer. TRC's outstanding contract value is 1.4 to 1.6 bil which will sustain until fow next two years. This value has excluded coming LRT and Pan Borneo Sabah projects.

Yea, few projects are in the pipeline. TRC is one of the cheapest and well managed Bumiputera status company. Their director is well known in this industry.

@leo, we all know Rojak Sauce and Belacan Sauce told abbd don't buy so fast.

Econpile doesn not tender any work package to Prasarana for LRT 3.

Big Crocodiles' tactic to flush out punters. The announcement will come after sell off.

@OOMMGG , is actually additional cost of 15 to 20/mt.

At least RM4 if valued at PE of 10.

Q4 supply in China will shrink further.

Yea，steel counters are the next theme play in bursa. Like what happening in China Steel Counters.

Mr Pauper, no worry about the graphite electrodes price surge, consumption is aboout 1.4 to 2 kg for every metric ton steel produced and it had been factorized into cost.

I am using MITI's weekily information to compute. This is a simple calculation and September data yet to finalize. But as of now, data showed double digits profit margin.

Venfx, it wont work it this way.

I did monitored the transaction volumes, some bought in at the size of 50 and 100 lots. Sold in 1, 2.5, 5 or 10 lots size. From here, we can see the big holders started to collect.

Venfx and OOMMGG, not a mistake, Annjoo and Ssteel had mentioned Q2 was a weak quarter in their Q1 financial report. But both of them are optimistic on coming quarter outlook.

OOMMGG , do you mind to forecast Q3 eps for ssteel?

Enjoying double digits profit margin, 60 mil PBT is achievable for Q3.

My friend in one of the Malaysia Biggest Contractor Company just told me his company only sourcing rebar from local steel mills only. China price is too pricey and they request in USD cash settlement. His company is source from Annjoo and Ssteel and some from Lion/Masteel. As their procurement forecast steel price will continue to shot up, they have already place an orders in advance.

My friend in one of the Malaysia Biggest Contractor Company just told me his company only sourcing rebar from local steel mills only. China price is too pricey and they request in USD cash settlement. His company is source from Annjoo and Ssteel and some from Lion/Masteel. As their procurement forecast steel price will continue to shot up, they have already place an orders in advance.

http://news.mysteel.com/17/0825/09/87498C53FEA33760.html

宝钢股份上半年净利61.7亿

China Rebar up another 30 RMB today!! Really unstoppable

Want to show to MITI that steel safeguard still need to be in place?

Kyy come to sapu during this afternoon session?

Annjoo's tactic to promote their BF.

China steel price increase another 30 to 50 rmb..Cant stop at all despite verbal warning from China iron and steel associate.

Leoting, may i know the recycling rate of 97% for ferrous metal is applicable here?

Only loaded with 50 percent bullets, thinking of buying after QR announcement. But with less than 10% floating shares in the market, i think i should change the strategy to top up Ssteel right now.

Thanks VFtrader.

The issue is no one let go in the market, all shares hold by 30 top shareholders.

Top 30 shareholders have 90% of total shares. Less than 10 percent are floating shares.

When additional 8 production lines will start production?

Steel Price in China increase by another 20 to 60 RMB!!

Bravo ssteel, flushing out the weak holders!

Bro Edward, why ssteel's R6,8,12,16,20&25 products have no stock but the price keep increasing?

Average price is 4200 RMB or equivalent to RM 2720!!

China steel price still remains bullisy, easpecially price in Beijing and Tianjing has raise 130 and 90 RMB respectively!! Guangzhong steel price is among the highest, stand at 4430 RMB!!

Thanks Leoting and Edward

But majority scrapped metals are imported right?

Thanks Leo

Hi Leoting sifu, how long is the period required to produce rebar from scrapped metals?

Hi Leoting and Edward, can local end users import steel from Indonesia?

Hi Leoting and Edward, can local end users import steel from Indonesia?

Thanks Edward!

Still the cheapest counter in construction industry, PE only valued at 9..compared to GAMUDA and SUNCON at PE 20++. If TRC valued at PE of 12, TP is 1.02.. This coming quarter result will be superb because of MRT 2 project and Pan Borneo Highway revenue start contributing! Dont forget Aussie Dollar has appreciated from 3.2 to 3.4 now, another energy booster for TRC in Australia business!! Lets hope for RM 1.

GAMUDA LRT

TRC LRT

What is the daily production capacity of Annjoo and SSteel?

UMA=U MUST ADD

Edward and Leoting, thanks for useful info!

Possible to let go that portion of stocks to potential buyers?

Skyjet, 30 mil of tax that you refer is cumulative amount @_@. OMG , suggest you to go through the QR in details again.

Of course need to pay more tax as company earning is improving compared to last year.