Posted by probability > 2016-09-23 00:07 | Report Abuse

Hot molten steel lava...waiting to erupt.

Posted by ronnietan > 2016-09-23 00:23 | Report Abuse

Mycron's PBT of RM12.3 mil for Q4/6/16 (table above) was after a provision for plant impairment of RM8.6 mil, a non-cash item.
If impairment does not recur, PBT in the current year would be much higher on that alone.

Posted by probability > 2016-09-23 00:31 | Report Abuse

almost forgot that ronnie..thanks for reminding!
Impairment are not suppost to be repetitive...unless there is a real impairment taking place.

Posted by moneykj > 2016-09-23 01:10 | Report Abuse

No more steel, the next is aluminium..

Posted by 8wpwtmt8 > 2016-09-23 01:28 | Report Abuse

In a nutshell, domestic CRC steel players' share price have still been far trading below their potential fundamental value for the next 4 quarters (from July 2016 - June 2017). The values as shown below:

CSC Steel Mycron Steel
Projected next 4Q earnings (RM'000) 110,072 63,282
Projected EPS (sen) 29.9 22.4
Target PE (x) 9.0 8.0
Fundamental value (RM) 2.69 1.79
Potential upside (%) 37.2 94.0

Posted by 8wpwtmt8 > 2016-09-23 01:41 | Report Abuse

Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew told theedgemarkets.com:

However, one bright spot he cited is the steel sector, which is also because it came from a low base. "There is a good chance of (steel counters) still climbing up in the coming months," he added.

Date: 19.09.2016

Posted by 8wpwtmt8 > 2016-09-23 01:42 | Report Abuse

Dumb dumb hold CSC Steel and Mycron Steel for 6 months to 1 year and averaging down when there is an opportunity.

Posted by speakup > 2016-09-23 06:52 | Report Abuse

close eye ....BUY! open eye....BUTA MONEY in your pocket!

Posted by Star8888 > 2016-09-23 08:22 | Report Abuse

CSCSTEL is the best among so many steel counter with huge net cash 321 Millions. Target PE for CSCSTEL should be higher than 9. Target price for CSCSTEL is >3.

Posted by sharktank > 2016-09-23 10:24 | Report Abuse

everything u say is correct except PE and TP. Target Price of cscstel is RM3.60. tq.

Posted by tftey > 2016-09-23 10:59 | Report Abuse

LEONFB is also very good.

Posted by Cchuanlim > 2016-09-23 11:16 | Report Abuse

Is a good share to buy and to hold for dividend purpose.

Posted by WealthWizard > 2016-09-23 12:37 | Report Abuse

EKOVEST: Doing Great & Ready To Shine, Are You Ready? (Part 1)
http://klse.i3investor.com/blogs/wealth123/104926.jsp