Posted by Wai Hoe Chai > 2016-09-28 12:07 | Report Abuse

this morning OTW back from work, the normal road i ride to home, 1 sight catch my eye, never see before the lorry load with HRC coil parking at road side.

Posted by probability > 2016-09-28 12:08 | Report Abuse

road to Banting?

Posted by probability > 2016-09-28 12:10 | Report Abuse

or between Port Klang and Shah Alam?

Posted by Wai Hoe Chai > 2016-09-28 12:10 | Report Abuse

klang sentosa

Posted by probability > 2016-09-28 12:15 | Report Abuse

Then its probably imported HRC...due to Megasteel (Banting) closure.

Its a new sight to you....coz more & more imported HRC is coming to the CRC makers like Mycron (Shah Alam).

Posted by Wai Hoe Chai > 2016-09-28 12:18 | Report Abuse

why nobody recommend ATTA? today up alot. my friend work in stainless steel company say their business not able to cope, need to pass the order to SMPC.

Posted by probability > 2016-09-28 15:20 | Report Abuse

Look at Mycron's revenue and its Gross profit.. it makes ~150 USD per ton procesed compared to CSCSTEL of ~100 USD per ton. But why?

Coz almost 50% of its CRC produced or HRC procured is used for the Steel Tube segment which adds another 100 USD per ton, causing an average of ~ 150 USD on the overall througput.

Posted by ikanmasin > 2016-09-28 15:25 | Report Abuse

maybe the market sentiment + blog saying that the hike of steel share may be short term pushed down the price and now people start to realize the future prospect of this company

Posted by probability > 2016-09-28 15:35 | Report Abuse

and do not forget its Steel Tube segment is running at 50% capacity (at 90 ton per annum).

A good margin will automatically encourage higher througput for the Steel Tube segment...and its like it has another 100 ton per annum excess capacity..

Posted by KLCI King > 2016-09-28 15:36 | Report Abuse

Does anyone aware company keep resell their shares back to market & even the chairman also sold at RM0.98?

Posted by KLCI King > 2016-09-28 15:38 | Report Abuse

Sorry, not chairman, but Managing Director Azlan bin Abdullah

Posted by KLCI King > 2016-09-28 15:38 | Report Abuse

See yourself
http://www.bursamalaysia.com/market/listed-companies/company-announcements#/?company=5087&category=all

Posted by KLCI King > 2016-09-28 15:39 | Report Abuse

Company resell its shares even before RM0.90

Posted by probability > 2016-09-28 15:40 | Report Abuse

it happens to almost every uptrend stocks..

Posted by probability > 2016-09-28 15:45 | Report Abuse

Looking forward to this..

Posted by probability > Sep 26, 2016 06:06 PM | Report Abuse X

wouldnt be surprised to see Mycron's price higher than Masteel soon

Posted by KLCI King > 2016-09-28 15:57 | Report Abuse

ok

Posted by William Tan > 2016-09-28 17:19 | Report Abuse

all steel counter drop

Posted by pang72 > 2016-09-29 07:35 | Report Abuse

All steel counter big Rebound today...

Posted by William Tan > 2016-09-29 09:26 | Report Abuse

hopefully

Posted by William Tan > 2016-09-29 10:46 | Report Abuse

no power=="

Posted by absolutelk > 2016-09-29 11:46 | Report Abuse

tunggu 1st quarter financial report! Sabar semua....

Posted by hasimdaud > 2016-09-29 11:55 | Report Abuse

rebound

Posted by ikanmasin > 2016-09-29 16:19 | Report Abuse

keep dropping

Posted by bing > 2016-09-29 16:30 | Report Abuse

Tomorrow could be up ten cents after three correction day or contra. Base on latest earning yield not including next predicted good results rm1.23 should be fair value. Correct me if can.

Posted by ikanmasin > 2016-09-29 16:36 | Report Abuse

people keep buying at 0.9~0.92

Posted by probability > 2016-09-29 21:11 | Report Abuse

Let us not forget the power of the Steel Tube segment on top of the growing CRC - HRC spread.

http://www.melewar-mig.com/investorsinfo_cmmsg.html

Local Steel Tube manufacturing are among the most Competitive metal manufacturing process which can compete globally.

See Table 9, under section 5.5 Manufacturers of Metal.

Malaysia boosts export despite Chinese Competition - Year 2008 data:

https://www.nottingham.ac.uk/gep/documents/malaysia/workshops/malaysia-and-china-16-05-08.pdf

Steel Tube segments has the highest RCA values - " a measure of competitiveness of a particular product compared to the external world"

Posted by Good_Trader > 2016-09-30 10:29 | Report Abuse

lioncorp steel business confirm will be shutting down.
market sentiment is weak, or else today will be tank of buyers come to buy mycron.
buy now before the price spike up later

Posted by Good_Trader > 2016-09-30 11:23 | Report Abuse

time to buy ! b4 noon ..

Posted by ikanmasin > 2016-09-30 11:48 | Report Abuse

Sifu probability: in your opinion, what do you think is the reason of recent downtrend of this counter? Correction? Overpriced? Or negative news? (the blog saying that steel counters uptrend may be shortlived). From your sharing above, Mycron has bright future...

Posted by probability > 2016-09-30 12:40 | Report Abuse

ikanmasin...my 2 cents..the priced had shot up so much from its lowest and this was a very liquid stock..many are holding profit..and a smallest negative news (like the blog was saying) would trigger them to protect profit...why be greedy?

my guess is the fishes will eventually come back here again...as soon as realizing they can't find a better tasting food for this price.

Posted by Goodiinvestor > 2016-09-30 13:31 | Report Abuse

Lioncorp officially delisting from bursa. Buyer come in now

Posted by ikanmasin > 2016-09-30 13:59 | Report Abuse

thanks probability

Posted by sunkist818 > 2016-09-30 15:50 | Report Abuse

Lioncorp delisting soon...steel company...heavy loss effect other steel company...
Little bit disappointed..

Posted by pang72 > 2016-09-30 16:59 | Report Abuse

Thank you Mr panicman...very good price

Posted by probability > 2016-10-01 11:15 | Report Abuse

The research unit says local steel prices has always carry a premium about RM150 over China steel prices due to local manufacturers providing better service and consistency in product quality in which local civil consultants do not query vis-à-vis Chinese steel bars.

“Due to this newly implemented safeguard measure, we believe this premium of local steel bars against China steel bars would decrease as purchasers (contractors) demand for lower premium in order to save on the escalating costs,” it adds.

On steel outlook, Kenanga Research is positive on the steel sector as steel prices are expected to remain stable if China’s depleting steel inventory indicating risingdomestic demand there, closure of loss-making steel mills in China, and China governments’ strong commitment in reducing steelproduction capacity through consolidation of steel groups coupled with financial support of 100 billion yuan for worker retrenchment schemes.

“Hence, we expect our steel-rebar average selling price assumptions to be sustainable due to these reasons,” adds the research unit. On the other hand, Master Builders Association Malaysia (MBAM) strongly opposed to the safeguard measures for steel coils and rebars.

Its president Foo Chek Lee says MBAM fears that it could lead to uncontrollable prices of steel bars due to the absence of the free flow of imported steel.

A few months earlier, the price of steel bars had increased from RM1,500 per tonne in January 2016 to a record high of RM2,700 per tonne.

Posted by probability > 2016-10-01 11:18 | Report Abuse

Important to Note: Those targeting local market like Mycron are to gain most.

Currently steel bars produced by local steel millers are mostly for domestic consumption, says Soh while adding that “the new safeguard measures especially against the cheaper below cost imported steel products from China augurs well for local steel players.

Posted by moneySIFU > 2016-10-01 22:35 | Report Abuse

I hope to have more sell down from those who are locking in their profits. When tide has gone, I will be able to just pick up the fish from the beach

Posted by probability > 2016-10-01 22:52 | Report Abuse

http://steelworld.com/newsletter/2015/Apr15/Infocus0415.pdf

referring to above article: the steel demand in Malaysia had always been growing, just that the high electricity cost & dumping by China cause all the infiltration.

http://www.tradingeconomics.com/malaysia/gdp-from-construction

look at the growth above....imagine if now the steel manufacturers capture the local market.

Posted by probability > 2016-10-01 23:07 | Report Abuse

My assumption on Megasteel closure earlier turn out to be true...its the electricity cost that killed the Lion.

Posted by moneySIFU > 2016-10-02 21:10 | Report Abuse

thanks for sharing, probability, sometimes I wonder how you managed to get all these info & reports.

Posted by Goodiinvestor > 2016-10-03 12:58 | Report Abuse

The closure of lioncorp is confirmed. Mega steel ? Privatize ? Anyone hav info

Posted by speakup > 2016-10-03 13:03 | Report Abuse

lioncorp delist same as privatise lah

Posted by why_no_dividend > 2016-10-03 13:34 | Report Abuse

Fake profit so no dividend?

Posted by Goodiinvestor > 2016-10-03 17:30 | Report Abuse

Delist n closure is diff v privatize.
Privatize business as usual still but delist from public equity
Closure is bungkus

Posted by asiv92 > 2016-10-04 10:56 | Report Abuse

if privatize..does the company have to buy back all the out-standing shares?

Posted by bing > 2016-10-04 12:41 | Report Abuse

Fly fly fly!

Posted by nicky11 > 2016-10-04 16:13 | Report Abuse

Looks like no buying volume recently.

Posted by nickyesh > 2016-10-04 23:38 | Report Abuse

In last 5 trading days were down...any advice?

Posted by mamatede > 2016-10-04 23:45 | Report Abuse

time to dump...

Posted by moneySIFU > 2016-10-05 09:23 | Report Abuse

一个网友的分享：
关于 Mycron 一二事： 工厂加班，销售火热
http://klse.i3investor.com/blogs/BursaInsider/105702.jsp