Masteel has warned of a new competitor in Kuantan in their latest quarterly report. But no mention of its name. Alliance Steel, a China owned steel company.
But instead of cut loss based on moving average charts ( OTB's TA), a sifu who has invested so much emotional energy and reputaion on it cannot get himself to issue a sell recomendation......so let me do it for him.
Ans : Not true. There is a cut loss level to get out. Everyone is aware.
Do not forget the disaster in supporting Hengyuan all the way from $ 19 to $12 presently.
Ans : Buy at 5.95, sold off at 17.50. Buy back at 16.64 and 12.52. Use profit to invest in Hengyuan only. There is a rule to say that you can invest only 50% of previous holding (profit protection rule).
Please get your facts right. The above is the correct information discussed.
Do not post incomplete information to tell your story and to be a hero when market is down. Please be fair.
Posted by Tom > Mar 2, 2018 07:21 PM | Report Abuse
虽然我和otb有吵过很多次,不过只要让我遇到骗子文章,我都会去拆穿骗子的谎言
Ans : You are very gentleman to tell the truth. OTB recommended Masteel at 0.41, 0.71 and 0.91. Never tell people to chase high. At present price of 1.07, still have profit to make.
Your view on Masteel is incorrect. You have not done your homework correctly prior to presenting your opinion.
1. Masteel’s QoQ operational earnings did not drop by 70% as you claimed. All you had to do was to look at Masteel’s 30/9/17 quarterly report and you will clearly see that there was a gain of RM20.6m arising from reversal of deferred taxation. Hence, operationally, the profit for that quarter was actually RM18.1m, and not RM38.7m (accounting profit).
2. A fall in steel price may actually be good for Masteel. After all, steel is it’s main raw material. A drop in global steel demand (if any) may also further reduce prices of consumables such as metallurgical coke. There is no worry about China or anyone else dumping their steel onto Malaysia as being quicker than the Americans, our government had already imposed similar import tariffs in 2017 to protect our local steel industry. If you are not aware of this, you have no place commenting about Masteel.
I find your article highly inaccurate and very irresponsible as you write without substance and facts. As you yourself said, investments involve investors’ hard earned money. If you truly understand this point, then why are you writing untruths and lies?
Ha.. Ha.. Ha.. Another big loser come to i3 promote sell on steel counter. Hello, the whole market drop because of bad sentiment lah. Once this bad wind blows away will come good time. Then U will see steel counter move up like no tomorrow. The market always behave like this all the time.
"I3 is usuallly not a place for intellectual discussions and independent exchange of opinions." It seem writer aware of this, but still he post a lot of un-professional opinions here..
If Bursa keep focus on same theme why list so many counters?
Posted by Papaya Juice > Mar 3, 2018 01:05 AM | Report Abuse Just give it a pass! Steel theme is gone! Just like furniture and export theme! Just ride the next theme!
The most important part in long bars is China long bars price, currently is around rmb4200 is on uptrend after CNY construction resume and winter steel production reduction is extended ( like Tangshan city, major production city) if attractive enough for Alliance Steel to export, Alliance capacity is a less worry, just m2c
When I see "sifus" and analysts writing articles to promote "Buy" call, I sell. When I see "sifus" and analysts writing articles to promote "Sell" call, I buy. Provided the company is not loss-making and has decent fundamentals and prospect, this has worked well for me so far :)
This author is revealing half-truth. Regulated short selling is allowed in Malaysia. Besides, although there are vested interests in those promoting steel sector, there are equally vested interest in those who called others to sell in order for them to collect at lower price. This is due to the fact that long term investors are not willing to release their shares to these new collectors
After all, if everyone is able to see the same value of a stock counter at the same time, then do you think there is any potential for the growth in price of the counter? Thanks to those who fail to see the value of the stock earlier, the stock can conti ue to grow
The first sentence in the article itself has already revealed your intention to attack mr.otb. obviously your opinion is bias and with vested interest.
brightsmart, i have not performed any short selling as i am not eligible. But certain institution and licensed individuals do. Bursa Malaysia website clearly displays this information and the short selling regulation will be relaxed to all individuals soon subject to approval.
I agree that G Soros is smart and bright, but I highly doubt whether you are even half as bright and smart as him. No offence but just my 2 cents
Asean 41% Korea 14 % India 8 % Japan 4 % Taiwan 3 % China 3 % Australia 3 % EU 3% USA 2% ---------------------------------- HAHAHA (negligible) Others 19%
Plus, import figures of steel are much larger in Malaysia compared to export figures of steel, so Malaysian government's imposing 15% tax on import of steel bars or products into Malaysia has a much greater impact on malaysian steel makers.
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....
brightsmart
3,784 posts
Posted by brightsmart > 2018-03-02 19:18 | Report Abuse
can you write in English...I dont read Chinese