Posted by moneySIFU > 2016-09-11 13:29 | Report Abuse

Since megasteel is closed now, all mills can import duty exempted HRC from international markets, no quota & no limitation.

The effect of anti dumping will take time to be shown, not immediate effect as there are current inventories to be cleared.

Import of CRC of euro & US from China down more than 90% and it helps to push up local production. For example, some German CRC producers are now running at higher capacity to meet surge in local demand, few months after the implementation.

Posted by moneySIFU > 2016-09-11 13:37 | Report Abuse

As what WealthWizard said, local CRC price has increased at lower pace, I agree and I don't think local price of CRC will increase much due to competition among local producers coupled with improved profit margin.

If import of CRC is getting lesser, which very likely, we can expect better utilisation of production capacity. Higher Sales volume will the immediate target for all CRC producers.

Posted by moneySIFU > 2016-09-11 13:39 | Report Abuse

Rohank71, truly appreciate if you can show us more details and proofs.

Posted by moneySIFU > 2016-09-11 13:42 | Report Abuse

Thanks for sharing, probability, thumbs up!!!

Discussion with facts and details is always helpful and great in making investing decision. General opinion will sometimes misleading.

Posted by moneySIFU > 2016-09-11 13:50 | Report Abuse

From my personal observation, the difference between CRC & HRC is at region of USD100-USD120.

Also depending on the negotiation over the purchasing quantities.

Posted by moneySIFU > 2016-09-11 13:50 | Report Abuse

That's exclude out transportation & so on

Posted by WealthWizard > 2016-09-12 16:37 | Report Abuse

Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

Posted by MuttonCurry > 2016-09-12 16:39 | Report Abuse

tomolo crazh lah dun bothet analysis

Posted by WealthWizard > 2016-09-12 16:41 | Report Abuse

There is another 9% export tax rebate for HRC products exported by China steel mills, so the actual cost of HRC imported by Mycron is actually less than RM1,500

Posted by WealthWizard > 2016-09-12 16:41 | Report Abuse

Or should at the region of RM1,500-RM1,550.

Posted by hisehatu > 2016-09-12 17:10 | Report Abuse

we about to landing tomorrow! a crash landing kahkahkahkah

Posted by probability > 2016-09-12 17:17 | Report Abuse

Guess they have to import CRC at higher price and the spread of Margin between CRC - HRC in terms of RM widens....

http://www.xe.com/currencycharts/?from=MYR&to=CNY&view=1W

Posted by WealthWizard > 2016-09-12 19:46 | Report Abuse

We need more people like you in the stock market, MuttonCurry & hisehatu.

Posted by WealthWizard > 2016-09-12 19:49 | Report Abuse

Yes, probability, raw materials are trending down now, widen up the gap between the processed products & raw materials.

Posted by rojakmee > 2016-09-13 08:31 | Report Abuse

LEONFB is also a big user HRC, already showing good results in the last qtr, check it out guys and the share price is still cheap

Posted by moneySIFU > 2016-09-13 09:36 | Report Abuse

More to come, the future is so predictable now

Posted by probability > 2016-09-13 09:51 | Report Abuse

he he...Tee Lin Say...did a good job.

Posted by LilyLL > 2016-09-13 09:55 | Report Abuse

Tp 0.90

Posted by faizkl > 2016-09-13 10:43 | Report Abuse

anyone who missed myrcron boat, can come to ykgi..

Posted by Vizhai > 2016-09-13 10:46 | Report Abuse

STILL CAN UP?

Posted by younginvestor92 > 2016-09-13 10:57 | Report Abuse

wow

Posted by WealthWizard > 2016-09-13 10:57 | Report Abuse

Before rushing to make any investing decision, please take a step back to think what are you looking for your own money? Please read their past years' annual & quarterly reports and judge yourself on the valuation.

I am not sure on the potential of YKGI but please take note on exercise price of YKGI warrant, which is RM0.50.

Posted by WealthWizard > 2016-09-13 11:00 | Report Abuse

I received an email from one of i3 fellow member, where a famous remisier in i3 has a buy call to his subscribers on Mycron with target price of RM1.61, using 5 methods of calculation.

Everyone is free to decide what's best target for his/her money. But it is good to have more people to know the potential of Mycron.

Posted by moneySIFU > 2016-09-13 11:10 | Report Abuse

RM0.895 is now the battling field, see if it can be overcome

Posted by moneySIFU > 2016-09-13 11:23 | Report Abuse

OMG, 0.90 broken, gogogo!!!

Posted by bonbon > 2016-09-13 11:24 | Report Abuse

Amazing, hardly believe my eyes

Posted by moneySIFU > 2016-09-13 11:25 | Report Abuse

Thank you to WealthWizard for sharing such great articles!!!

Posted by gohwk > 2016-09-13 11:26 | Report Abuse

professional, any potential cheap stock between 0.2-0.5?

Posted by WealthWizard > 2016-09-13 11:27 | Report Abuse

Hi moneySIFU, I am just sharing my findings and opinion, credit & congratulation to all who believe this is truly undervalued company and believe good time is well ahead of the CRC industry.

Posted by mamatede > 2016-09-13 11:27 | Report Abuse

woah congrats all..

Posted by WealthWizard > 2016-09-13 11:28 | Report Abuse

While all developments pointed to one good direction, the CRC market leaders such as CSCSteel & Mycon will be the natural choices for investors.

Posted by MuttonCurry > 2016-09-13 11:30 | Report Abuse

I received an email from another sifu .. Avoid (5087) as this going to be designated stock by Bursa due to being speculative.

Posted by probability > 2016-09-13 11:38 | Report Abuse

pheww..i thought the day was over...its only 2.5 hrs since the market started.

Posted by moneySIFU > 2016-09-13 11:39 | Report Abuse

MuttonCurry, thought you've said Mycron will crash today, which stock you are actually referring to?

Posted by Unicorn_park > 2016-09-13 11:40 | Report Abuse

So how Bursa is going to respond to this?

Posted by moneySIFU > 2016-09-13 11:41 | Report Abuse

Now you said something else again, are you sure you've come to the right forum?

Posted by MuttonCurry > 2016-09-13 11:42 | Report Abuse

Watch for the announcement hehehe

Posted by moneySIFU > 2016-09-13 11:43 | Report Abuse

If an investing decision can be so easy to be influenced by street talks without proof & substance, then it will be dangerous to invest in stock market.

Posted by moneySIFU > 2016-09-13 11:46 | Report Abuse

MuttonCurry must be new to Bursa

Posted by moneySIFU > 2016-09-13 11:57 | Report Abuse

Designation are always happened to those loss making companies with share price & volume up significantly & suddenly compared to the past.

That's simple as that.

Posted by moneySIFU > 2016-09-13 11:58 | Report Abuse

It will be good if today's price can stay up above RM0.90

Posted by mamatede > 2016-09-13 11:59 | Report Abuse

So jelly ah to those that buy cheap and now so high de... within so short duration..

Posted by probability > 2016-09-13 11:59 | Report Abuse

Megasteel insiders started buying into Mycron.

MuttonCurry ...that was told by my Sifu...he he

Posted by WealthWizard > 2016-09-13 12:03 | Report Abuse

No need to argue, moneySIFU, just let the fact proves us right.

Posted by mbs7633 > 2016-09-13 12:05 | Report Abuse

muttoncurry, you're just a jeolous guy. now it's a bit late for you to sailang your curry mee stall to this counter. let it go lah.

Posted by i4investor > 2016-09-13 13:06 | Report Abuse

this steel stock really solid...too bad I sold too early...any other steel stock can buy?

Posted by moneySIFU > 2016-09-13 14:48 | Report Abuse

Mycron is still in the catching up mode.....

Posted by moneySIFU > 2016-09-13 14:55 | Report Abuse

Mycron's mother Melewar is also catching up

Posted by moneySIFU > 2016-09-13 15:16 | Report Abuse

The whole market is chasing steel stocks

Posted by moneySIFU > 2016-09-13 15:17 | Report Abuse

All my steel stocks are doing extremely well today:
CSCsteel
Mycron
Masteel
Melewar