Posted by gohkimhock > Feb 12, 2018 10:05 PM | Report Abuse
There's actually no improvement in its results. I would say stable and within expectations.
Read this
As Its Fundamental Has Been Changed by Tariff against Cold Roll Steel Dumping PLUS Geely Using Proton As A Base To Export Cars from Malaysia to ASEAN 10 of 620 million people
The Group expects business volume for the first quarter of 2018 to be impacted by Chinese New Year festivities and the rest of 2018 to remain challenging as the Malaysia steel markets continue to be liberalized and new steel mills come on stream within ASEAN countries taking advantage of the unimpeded access to markets within ASEAN under the ASEAN Free Trade Agreement.
When i bought masteel the master of long steel All mrt. lrt. highrise condo. hsr from kl to spore. hsr to bangkok. bridge fr melaka to sumatra. hsr from kelantan to pengerang. hsr from kuching to tawau. masteel was 66 sen. now more than double
Geely exporting cars from Malaysia to China. Why not? Malaysia has been exporting Jap brand airconds back to Japan decades ago! Long before even many naive sorchai were born!
do u see toyota/hyundai importing their thai/china production back to japan/koran????
obviously u do not understand the international automotive industry.
the economics dont make sense for them to export their overseas production back to their home countries becos firstly, their overseas production lines r to satisfy overseas demand, not internal demand and secondly, their domestic lines r used to produce their most up-to-date models and once a new model is introduced in the home market, the old models will be phrased out.
really, do u need me to expose ur incompetency/stupidity/idiocy in every stock analysis u made????
CSC up on dividends; AmInvestment says 'value has emerged'
KUALA LUMPUR (Feb 13): CSC Steel Holdings Bhd rose as much as seven sen or 5% to RM1.58 after the company proposed total dividends at 10 sen a share. The dividends comprise an interim and a final payout of five sen each, according to CSC's statement to Bursa Malaysia.
CSC announced its dividends together with its income statement. CSC said net profit rose to RM14.82 million in the fourth quarter ended Dec 31, 2017 from RM6.19 million a year earlier. Full-year net profit however fell to RM59.81 million from RM68.69 million a year earlier.
At 9:19am today, CSC shares were traded at RM1.56. Earlier at 9:17am, the stock was transacted at RM1.58 to become Bursa Malaysia's ninth-largest gainer.
AmInvestment Bank Bhd wrote in a note today: "CSC Steel's FY17 core net profit of RM62.3 million (excluding RM2.5 million inventory write-down) met our forecast and consensus estimates."
"We upgrade CSC Steel from hold to buy, while maintaining our forecast and FV (fair value) of RM1.83 based on 10x FY18F EPS, in line with the average forward PE of major global key steel producers. This is because value has emerged after the steep fall in share price in recent months," AmInvestment said.
GOVT IMPOSING TARIFF ON COLD ROLL STEEL WILL BENEFIT FLAT STEEL PLAYERS THE MOST
SINCE CSCSTEEL IS 100% PURE FLAT STEEL PLAYER IT SHOULD BENEFIT THE MOST
LAST ROUND WHEN GOVT IMPOSED TARIFF ON LONG STEEL PRODUCTS ALL STEEL STOCKS ALSO MOVED UP
LATER FLAT STEEL STOCKS FELL BACK WHILE LONG STEEL STOCKS CONTINUED TO POWER UP
NOW THAT LONG STEEL STOCKS ALSO MOVED BUT IMPOSITION OF TARIFF ON COLD ROLL PRODUCTS PURELY BENEFIT FLAT STEEL STOCKS
AND LONG STEEL STOCKS ARE NOW AT THE TAIL END OF THE BULL RUN. ALL THE POSITIVES ARE ALREADY PRICED INTO LONG STEEL STOCKS
IN COMING MONTHS THE DIVERGENCE OF CSCSTEEL AS A STAR PERFORMER WILL BE CLEARER AND CLEARER WHILE THOSE STILL CHASING LONG STEEL MIGHT BE DISAPPOINTED LATER
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....
calvintaneng
56,686 posts
Posted by calvintaneng > 2018-02-12 22:00 |
Post removed.Why?