Posted by WealthWizard > 2016-10-31 16:29 | Report Abuse

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

Posted by probability > 2016-11-02 09:18 | Report Abuse

WealthWizard...look forward for your latest analysis based on the 2016 Annual Report which contains data on the Production throughput and Selling Prices.

Posted by Annetan > 2016-11-02 18:37 | Report Abuse

http://www.theedgemarkets.com/my/article/steel-wire-group-questions-imposition-safeguard-duties-imports.can wealthwizard or anyone who is well verse in steel industry comment on the repercussion of this piece of news on steel companies as a whole.who benefits and which grp is affected in terms of profit margin.looks like the steel sector is really a complicated one.

Posted by probability > 2016-11-02 18:55 |

Post removed.Why?

Posted by Annetan > 2016-11-02 21:09 | Report Abuse

thanks probability for the updates

Posted by A003 > 2016-11-07 16:19 | Report Abuse

Koon man should come here to see how wealthwizard presented his findings & workings, not by simply said only, all got proved & very deep industry look.

Posted by probability > 2016-11-07 16:54 | Report Abuse

A003...KYY is too late for such presentation...he uses psychology tactics...not facts. His brain cells cannot re-wire anymore.

He humiliates the poor by saying luk at yourself in the mirror...and ask yourself why you are so poor?

And then he will come with his indirect recommendations...dares you to buy etc ...and explicitly tells you not to sell at a price it will never touch again... and completely ignores from talking about the stock once it falls.

He entices the weak - less knowledgeable who dreams big...buy saying he has noble intentions...and showing off how he made money...and how rich he is...

Posted by CharlesT > 2016-11-07 17:16 | Report Abuse

Many said earlier,koon koon is axxhole in stock mkt.

Posted by CharlesT > 2016-11-07 17:17 | Report Abuse

Just that those suffering from inferior complexity loves to worship rich n famous blindly

Posted by Tllmkch > 2016-11-07 17:19 | Report Abuse

2 wicked evil Oldman. Probability.

Posted by WealthWizard > 2016-11-07 23:01 | Report Abuse

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.

Posted by VenFx > 2016-11-13 17:19 | Report Abuse

With the latest margin spreading stay above Rmb 1080 / Rm 663 , Mycron shall has an estimation of at least 15.5cents earning per share by its Qtr of Dec16 .
yet, China Crc still uptrending ... this really Big Bull coming.

Posted by Kana Miko > 2016-11-16 09:36 | Report Abuse

HRC price up, CRC price also up
profit margin can up ka?

Posted by VenFx > 2016-11-16 09:43 | Report Abuse

To put it simpler, a Midstream player Mycron purchase HRC from upstream players to produce CRC .
In return Mycron sell their product with better margin to end user or dowstream players.

Posted by Kana Miko > 2016-11-16 09:57 | Report Abuse

Venfx,

Our currency is weak again RMB, eventually material will cost up also.
Let says the finish goods is sold in local, even with surge in CRC price mycrons still facing tight margin. Is it true?

Posted by VenFx > 2016-11-16 11:58 | Report Abuse

Let's take Melewar's case ,

most of their purchasing for raw materials has been denominted in USD; pls read their Annual report 2016 (p.100).
As far as i know for every 3% depreciation in Rm the overall net profit of the group will be cut by Rm$373 K .

Posted by VenFx > 2016-11-16 12:05 | Report Abuse

Given the above Melewar could face forex lost apprx. $1 mil .

What i'm more concern here is Melewar's Engineering division is going to break even or not by this qtr.Thei eng. div. has caused Melewar slice out of Rm 10mil during 2016 annual report.
Very likely the lost from the eng. div. is a one time impairment lost for the provisional item.

Posted by calvintaneng > 2016-11-25 15:10 | Report Abuse

Hi guys

You must not get so mixed up chasing Mycron which is into Flat Steel Mycron

Prestar is into Guard Rail & Wheel Barrow which are used from Highway & infrar construction.

Whereas Mycron, Melewar & Cscsteel are doing consumer products like door for fridge, car bonnet & all things flat

While construction steel will do well the same cannot be said for consumer steel

So be careful you don't climb the wrong tree.

Posted by VenFx > 2016-11-25 15:29 | Report Abuse

Calvin are so cofused,
he should apply his lack of knowledge points to Masteel.
Definitely not in Mycron.

Posted by calvintaneng > 2016-11-27 19:00 | Report Abuse

BETTER RUN FAST FAST FROM FLAT STEEL LIKE CSCSTEEL, MYCRON & MELEWAR

ALL WHO BUY FLAT STEEL COUNTERS WILL LATER FALL FLAT ON THEIR FACES WHEN SALES OF CONSUMER DISCRETIONARY WILL GET HIT

PRESTAR or Pre Star or Buy it BEFORE it turns into a STAR is a diffent type of steel products.

Prestar is not consumer steel but CONSTRUCTION STEEL LIKE MAKING HIGHWAY GUARD RAILS & WHEEL BARROWS!

GET IT STRAIGHT!

BETTER DON'T GO BARKING UP THE WRONG TREE!!

Posted by WealthWizard > 2016-11-28 11:39 | Report Abuse

I don't agree with Calvin Tan & I strongly believe there will be only ONE WINNER, CRC steel mills, not steel bar producers.

CSC Steel has performed within my expectation, Mycron will produce reasonable results, if not better than last Q as due to Bulan Ramadhan & Hari Raya, it will definitely far better than last year's same quarter.

Posted by WealthWizard > 2016-11-28 11:40 | Report Abuse

Masteel has proved my point, nothing to argue with that. It is not ethical if Calvin Tan wish to divert attention from investing public towards its call on Masteel.

Posted by Vizhai > 2016-11-28 11:41 | Report Abuse

Yes, i believe Myron will perform good in this coming quarter.

Posted by VenFx > 2016-11-28 11:46 | Report Abuse

No worry for Mycron & Melewar.
Juz sit still wait for the result.

Posted by Acon888 > 2016-12-07 09:05 |

Post removed.Why?

Posted by Acon888 > 2016-12-07 10:39 |

Post removed.Why?