Posted by Koon Bee > 2018-08-24 04:10 | Report Abuse

Calvintaneng no need sleep kah?

Posted by calvintaneng > 2018-08-24 04:17 |

Post removed.Why?

Posted by calvintaneng > 2018-08-24 04:19 |

Post removed.Why?

Posted by Koon Bee > 2018-08-24 04:31 | Report Abuse

LOL..Calvintaneng so late didnt sleep go fetch your wife from geylang? I heard she have alot of customer today.

Posted by feimah > 2018-08-24 07:50 | Report Abuse

Prestar coming QR will not able to match with last year. EPS expected to decline.

Posted by Koon Bee > 2018-08-24 07:52 | Report Abuse

Holland king proven in stock pick 2017 everyday post sonmuch rubbish article. Diu nia sheng. Pukimak lu tan eng

Posted by Sslee > 2018-08-24 08:52 | Report Abuse

Dear Calvintaneng,
CSCSTEEL and MYCRON is mid stream steel company. They imported Hot Roll Steel and make into Cold Roll Steel and sell it to manufactures in Malaysia. Previous they were force to buy expensive HRC from Megasteel as Malaysia Government imposed import duty on HRC. And now they have to face the costly import and unable to pass down the cost to downstream manufacturers.
When Megasteel ceases operation in 2016 Mr. Koon promoted CSCTEEL as the most beneficial from the closure of Megasteel compare to other steel company especially Choo Bee.
https://klse.i3investor.com/blogs/koonyewyinblog/104831.jsp
https://klse.i3investor.com/blogs/koonyewyinblog/104931.jsp
https://klse.i3investor.com/blogs/koonyewyinblog/105559.jsp
https://klse.i3investor.com/blogs/koonyewyinblog/105723.jsp


CSCTEEL quarterly EPS 2016 Cent (2.43, 7.95, 6.57, 1.68) and 2017(4.47, 3.91, 3.80, 4.01). Mr. Koon truth to his words bought CSCTEEL on the way up in millions and Sold CSCTEEL in the millions on the way down.
By the way LIONIND had acquired Megasteel and will restart production of HRC.
For downstream players like Prestar, Choo Bee they are selling their products directly to the end users hence they have better control of their cash flow, cost and profit margin.

Perhaps Mr. Calvintaneng as good neighbor can lobby the Singapore government
to buy more construction steel, cement and palm oil from Malaysia.

Thank you

Posted by calvintaneng > 2018-08-24 09:31 | Report Abuse

Good morning SSLEE

SINGAPORE IMPORTS LOTS OF INTERMEDIARY GOODS FROM MALAYSIA FOR RE EXPORT ALL OVER THE WORLD.

YOU CAN SEE ALL THE LONG LINES OF LORRIES EVERYDAY FROM 2ND LINK BRIDGE AND THE OLD CAUSEWAY.

SPORE ALSO IMPORT ALMOST ALL ITS CONSTRUCTION MATERIAL FROM MALAYSIA LIKE CEMENT, CEMENT STRUCTURES AND STEEL.

Posted by calvintaneng > 2018-08-24 09:36 | Report Abuse

THE CYCLE FOR LONG STEEL IS NOW TOPPISH AND GOING DOWN UNTIL PH GOVT IMPLEMENTS 12TH MALAYSIA PLANT WHICH WILL BE 4 YEARS AWAY.

WITHIN THESE YEARS THERE WILL BE VERY LITTLE BUSINESS FOR LONG STEEL COMPANIES
LIKE ANNJOO, SSTEEL, MASTEEL, LIONIND AND PRESTAR.

SO PRICES ARE EXPECTED TO RETRACE DOWNWARD AGAIN UNTIL THE NEXT UP CYCLE.

IN THOSE DARK AND BLEAK DAYS ANNJOO FELL TO NEAR 60 SEN, MASTEEL NEAR 30 SEN, SSTEEL 80 SEN, AND BOTH LIONIND AND PRESTAR NEAR 40 SEN

THEY ALL RISE IN TANDEM BUT ALSO FELL TOGETHER AS A CLASS ON ITS OWN.

Posted by hollandking > 2018-08-24 09:36 | Report Abuse

what about china's or global demand for steel?

Posted by calvintaneng > 2018-08-24 09:44 | Report Abuse

AS FOR LIONIND ACQUIRING THE MEGA DYNASOUR CALLED MEGASTEEL IT WILL BE A TALL ORDER FOR 2 REASONS

1. LIONIND BALANCE SHEET SHOWS DEBT AND PAYABLES OF RM1.1 BILLIONS WHILE CASH AND RECEIVABLES ONLY RM900 MILLIONS.

SO THERE IS A SHORTFALL OF RM200 MILLIONS

2. COST OF BUYING OVER MEGASTEEL WITH ALL ITS ASSETS AND LIABILITIES ANOTHER RM650 MILLIONS

SO LIONIND WILL NEED TO RAISE RM850 MILLIONS.

NOW JUST AS JAKS FACED CASH CALL BY RIGHTS ISSUES

MEGASTEEL REVIVAL WILL NEED LOTS OF CASH CALL FROM LIONIND SHAREHOLDERS

AND HOW MANY ARE WILLING TO TAKE UP RIGHTS ISSUES OF LIONIND IN ANSWER TO FURTHER CASH CALLS?

DON'T FORGET THAT EVEN MRCB WAS SOLD DOWN FROM RM1.80 TO LESS THAN 90 SENS WHEN MRCB ISSUED RI AT 1 RIGHTS WITH 1 FREE WARRANT.

SO LIONIND WON'T ESCAPE THE SAME COMING CARNAGE OF AN RI SHOCK.

EVEN IF YOU WANT TO GAMBLE ....GAMBLE WITH YOUR EYES OPEN LAH

OR ELSE WHEN LION COMES....ALL GET EATEN AND NOT KNOWING WHY.

Posted by calvintaneng > 2018-08-24 09:49 | Report Abuse

hollandking

FORGET GLOBAL DEMAND AS USA AND CHINA ENGAGE IN A PRICE WAR

DURING THE 1930S GREAT DEPRESSION RUBBER FELL FROM RM100 PER PICUL TO LESS THAN RM10 PER PICUL.

ONE OF CALVIN'S BUDDY FATHER WHO OWNED A RUBBER PLANTATION IN JOHOR LEFT HIS RUBBER TREES UNTAPPED AS SALE OF RUBBER LATEX CANNOT COVER WAGES.

THIS ROUND STEEL DEMAND WILL SHRINK IF PRICE WARS INTENSIFY

Posted by calvintaneng > 2018-08-24 10:08 | Report Abuse

BOTH LIONIND AND JAKS WILL FACE CASH CALLS

JAKS BECAUSE IT HAS NOT ENOUGH CASH. THE PROJECTED PROFIT FROM VIET JOB IS AN ILLUSION OF IOUS

AS FOR LIONIND THE CASH CALL FOR MEGASTEEL WILL BE RM650 MILLIONS

PLUS RM200 DEBT LIONIND HOLDERS ARE FACING AT LEAST RM1.00 PER RI

BETTER BUY IS DUTALAND

DUTALAND WILL REPORT RM750 MILLIONS CASH INFLOW IF 88 SEN

AND AT LEAST 5 SEN DIVIDEND WHICH IS 9% YIELD!!!


GO SWITCH JAKS AND LIONIND FOR DUTALAND NOW! NOW!! NOW!!!

Posted by hollandking > 2018-08-24 11:51 | Report Abuse

wow, like that they also bet heavily on Lionind, just incredible. So this means WC will very likely make his move when the price is right.

Posted by calvintaneng > 2018-08-24 15:15 | Report Abuse

May day!
May day!!
May day!!!

Sapeng kena. Cash call by RI

LIMIT DOWN!!
LIMIT DOWN!!

SAP KENA SAPPED OFF ITS ENERGY!!!

NEXT WILL BE JAKS

JAKS WILL KENA CASH CALL


CLOSELY FOLLOWED BY LIONIND

CASH CALL FOR BUYING MEGASTEEL!!!


AIYOOYOO


POOR POOR I3 SORCHAI SARDINE

LEFT HANG GOT LION

RIGHT HAND GOT JAWS

THIS TIME FINISHED LEOW!!!

Posted by calvintaneng > 2018-08-24 15:42 | Report Abuse

LIONIND GOT DEFICIT OF RM200 MILLIONS

ANOTHER RM650 MILLIONS NEEDED TO TAKE OVER MEGASTEEL

SO TOTAL CASH CALL IS RM850 MILLIONS

SURE TO GET CASH CALL LIKE SAPNRG LATER!!!

GET READY TO PAY FROM 50 SEN TO 70 SEN

BETTER WAKE UP BEFORE TOO LATE!!!

Posted by calvintaneng > 2018-08-24 15:43 | Report Abuse

JAKS NEED TO RAISE

RM950 MILLIONS FOR VIET POWER PLANTS

ANOTHER RM50 MILLIONS TO PAY STAR MEDIA LAWSUIT

SO TOTAL CASH CALL FROM RI IS RM1 BILLIONS!!

GET READY TO PAY 70 SEN TO RM1.00 PER RI SHARES

DON'T RUN NOW SURE KENA LIKE SAP ERG LATER!!!
24/08/2018 15:36

Posted by calvintaneng > 2018-08-24 16:19 |

Post removed.Why?

Posted by calvintaneng > 2018-08-24 20:50 | Report Abuse

The last hurrah for long steel is the last opportunity to sell into strength and escape!

Posted by joetay20 > 2018-08-24 20:58 |

Post removed.Why?

Posted by calvintaneng > 2018-08-24 21:07 | Report Abuse

Sifu Warren Buffet said investing in stocks by looking at past quarters is like driving while looking at the rear view mirror.

For long steel its glory days are soon over.

For flat steel like Cscsteel Proton sale surge plus Gst removal that spur consumer goods buying will do very well.

Cscsteel gave a yearly dividend of 10 sen or more than 7.5% which is superb.

Cash rich and debt free plus more business ahead Cscsteel will turn into a Star performing stock again.

While long steel cycle now turns down flat steel fortune like Cscsteel is turning up

Posted by joetay20 > 2018-08-24 21:12 |

Post removed.Why?

Posted by Alex™ > 2018-08-24 21:15 | Report Abuse

Alex dunno la... Alex only know steel play is only gooding if infra and property are booming. But Alex punya properly and infra stock also kesian, but steel huat?

Posted by joetay20 > 2018-08-24 21:20 |

Post removed.Why?

Posted by joetay20 > 2018-08-24 21:23 | Report Abuse

@alex, most of the steel produced in malaysia is for infra, property and o&g.

some r also used for automotive parts but not for the bodies.

Posted by joetay7 > 2018-08-24 22:55 |

Post removed.Why?

Posted by calvintaneng > 2018-08-25 11:48 | Report Abuse

I went to look up on Cscsteel Annual Report and Company news.

Cscsteel sells

1. Flat steel sheets for roofing materials. Among its customers is Astino.

2. to Automotive car parts, door panels and others. So both Proton, Perodua, Naza and all other Car companies

3. Consumer goods like fridge and many others

So Cscsteel will do very well on these 2 reasons:

1. Removal of GST powers up consumer spending

2. Tun Dr M emphasis on cars and more cars will increase demand for Cscsteel products

CSCSTEEL IS ALSO CASH RICH AND PAYING A VERY NICE 7.5% DIVIDEND.

A VERY PRUDENT MANAGEMENT FOR MANY YEARS ALREADY.

ITS PRIME FACTORY LANDS IN MELAKA IS SITTING ON A GOLD MINE JUST BESIDE THE HIGHWAY FROM AYER KEROH GOING INTO MELAKA TOWN. IDEAL FOR CONVERSION INTO A RESIDENTIAL/COMMERCIAL TOWNSHIP

Calvin has a very small position in Cscsteel only. Just about 10,000 shares only. If prices of Cscsteel goes down togather with the fall of long steel i will add more on weakness. I had already sold and taken profit on my 2 long steel - Masteel which was bought at 66 sen and Prestar i bought near bottom at 45 sen.

Good luck.

Posted by calvintaneng > 2018-08-26 00:39 | Report Abuse

calvintaneng Posted by newbie911 > Aug 26, 2018 12:28 AM | Report Abuse

Why cbip dropping like no 2moro?

Cbip is a cyclical stock in down trend. As value emerge insiders are buying. Will take time for CPO upcycle again to do well

Last time Calvin bought Southern Steel at Rm2.00. SSteel was given privatisation by Hong Leong Group around Rm2.20 but was rejected. Then

Calvin sold off SSteel around Rm2.10 as it turned down.

Later SSteel fell down. And then SSteel issued Cash call by offering Loan stock at Rm1.00 with 5% dividend

At that SSteel even fell below 90 sen. After that long wait SSteel powered up again to cross Rm2.30 on Sept 8th 2017 many years later.

So if CPO type of stocks fell to bottom can add more if there are margins of safety
26/08/2018 00:35

Posted by calvintaneng > 2018-08-26 00:43 | Report Abuse

Southern Steel was a Cyclical

It went up. And it gone down

Now it goes up again

And sure as all cyclicals Southern Steel will also go down again like all other Cyclical long steel stocks.

The trick is to buy Southern Steel below Rm1.00

But when Southern Steel was below Rm1.00 who dared to buy?

NOBODY WANTED SSTEEL AT LESS THAN RM1.00. AND THEN MANY PEOPLE WERE INTERESTED IN SSTEEL AFTER CROSSING RM2.00 AGAIN?

THIS IS VERY WRONG

FOR CYCLICALS YOU MUST BUY IN PESSIMISM AND SELL INTO EUPHORIA

NOT CHASE AT PEAK PRICES AND LATER GET CAUGHT!!!

THEN CANNOT ESCAPE FOR MANY AGONISING YEARS LATER!