it is not hard to predict the collapse actually if you have followed the series of steels counter result announcement. expectation is very high. on day one post result, when the price unable to move away from 1.10, u already knows something big was coming.
stockmanmy I did not buy Mycron at the peak because very on I have chosen CSC and because Mycron management is not to my taste.
But the price around now and last few days is definitely to my taste.
Re: I must admit that Cscstel is much superior than Mycron as the former does some exporting (20% of total sales). This can act as natural forex hedge for Cscstel.
wcchua it is not hard to predict the collapse actually if you have followed the series of steels counter result announcement. expectation is very high. on day one post result, when the price unable to move away from 1.10, u already knows something big was coming.
Re: Homework helps formation of strong conviction. Do not be easily swayed by emotions.
moneycashrich Thanks to buddyinvest for u opinions on Mycron. I have sold out at RM1.12 and buy back again at 74 sen. Thanks for sharing your knowledge.
Re: Now more and more people have come to their senses that Subsidiary Mycron's performance may affect Mother Melewar's and not the other way round.
buddyinvest, please look in detail. If take into consideration of impairment loss, Q416 net profit is 16.01Mil, Q117 net profit is just 7.856Mil. It is 51% net profit drop compare to last quarter. Even the CRC price is high but Mycron not able to deliver good quarter result. Avoid Mycron
Remisier buddyinvest, please look in detail. If take into consideration of impairment loss, Q416 net profit is 16.01Mil, Q117 net profit is just 7.856Mil. It is 51% net profit drop compare to last quarter. Even the CRC price is high but Mycron not able to deliver good quarter result. Avoid Mycron
Re: Q12017 cannot be compared with Q42016 as there was a plant shutdown for 1 week for hari raya which fell on 6-7-2016.
To me, Mycron did very well in Q12017 given its operating activities were shortened by 1 week. More importantly, the CRC prices are steadily going up, the safeguard duties coupled with weak Ringgit are "forcing" local buyers to source CRC locally which will benefit Mycron.
Shutdown for 1 week but profit can drop 51% from 16.01Mil to 7.856Mil. Even CRC prices are steadily going up since few quarters ago but Mycron not able to deliver good quarter result. Something wrong.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3450 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
YiStock
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Posted by YiStock > 2016-12-13 09:17 | Report Abuse
Good effort