Posted by news > 2016-10-17 21:46 | Report Abuse

2016 results definitely better than 2015. It is not net debt in 2016.

Posted by moneySIFU > 2016-10-17 21:46 | Report Abuse

Other normal businesses are ideally to have less than 0.5 gearing ratio

Posted by moneySIFU > 2016-10-17 21:48 | Report Abuse

So, megasteel is dead with so huge debts, no chance to be revived unless steel price is more than 3k.

Posted by news > 2016-10-17 21:57 | Report Abuse

Correction. Mr. OTB is right. Net debt is 63.95m for 2016. Besides net debt, there are other indicators that are going great for Mycron. My apologies. Will stay invested until the company's financial performance going forward indicate otherwise.

Posted by moneySIFU > 2016-10-17 22:10 | Report Abuse

Cash flow is important to me, only invest in company that making profit with positive operating cash inflows.

Posted by DemonDino > 2016-10-17 22:28 | Report Abuse

New guy here. Chased high a month ago and got stuck at 0.95, cut loss at 0.935 today.
Anyway, why is the sudden surge, I must have missed a news or two. Can sifu here enlighten me?

Posted by moneySIFU > 2016-10-17 23:00 | Report Abuse

Hi DemonDino, suggest you to read all articles from WealthWizard in relation to CRC industry here: http://klse.i3investor.com/blogs/wealth123/blidx.jsp

Posted by moneySIFU > 2016-10-17 23:22 | Report Abuse

德国世界报: 您刚才提到中国8月份汽车卖得特别好，同年比增长13.1%，也没有特殊情况，为什么增长这么快？谢谢。

回答：
8月份汽车增长是社会消费品零售总额增长的重要拉动因素。汽车类销售增长13.1%，比上个月加快3.9个百分点。8月份汽车销售为什么会加快，有两个原因。一是从基本面来看，中国目前处在消费结构升级的关键时期，住类和行类的商品这几年一直保持较快增长。中国近年来汽车每年销售量超过2000万辆，但总体来讲，中国汽车的消费还是有很大空间。根据住户调查数据，中国现在汽车家庭拥有量每百户将近34辆左右，也就是1/3的家庭有车。我看了一些数据，像美国现在汽车拥有量每百户220辆左右，一家2辆车多一点，欧洲的发达国家，包括日本和韩国等国家，每百户汽车拥有量将近150辆，两家三辆车多一点。从中国角度来讲，尽管这几年汽车发展比较快，但刚性需求市场还很大，在解决了温饱以后，大家追求发展型和享受型的消费。这与中国居民消费结构升级有关，而且潜力很大。

8月份汽车销售提速跟政策刺激也有一定的关系。大家知道，中国去年年底出台了一个政策，对1.6升及以下小排量汽车有优惠补贴政策，这个政策按照计划未来几个月到期，到期之前一部分消费潜力提前释放，这可能有一定的影响。主要是这两方面的原因。谢谢你！

http://www.stats.gov.cn/tjsj/sjjd/201609/t20160913_1399772.html

Posted by Star8888 > 2016-10-17 23:25 | Report Abuse

CSCSTEL net cash improved from 289.97 Mil(Q116) to 320.8 Mil(Q216). Mycron net debt improved from -93.76 Mil(Q316) to -63.95 Mil(Q416), with net debt 63.95 Mil, I don't think Mycron can turn to net cash company next quarter. moneySIFU, just a gentle reminder that cash flow can be increased by just borrow money from bank but net cash cannot be increased by borrow money from bank.

Posted by moneySIFU > 2016-10-17 23:30 | Report Abuse

Did I ever said Mycron is net cash company? Please check my comments here.

Posted by moneySIFU > 2016-10-17 23:31 | Report Abuse

For easier reference, please refer to Table 4:
http://klse.i3investor.com/blogs/wealth123/103812.jsp

Posted by moneySIFU > 2016-10-17 23:33 | Report Abuse

Repost：

Posted by moneySIFU > Oct 17, 2016 09:03 PM | Report Abuse X
Goodiinvestor, if you change your question to Has Mycron generated good cash inflow over last few quarters or last financial year, Mr Ooi will say yes.

Posted by moneySIFU > 2016-10-17 23:35 | Report Abuse

中汽协发布9月中国汽车产销量数据：
具体来看， 9月，汽车产销分别完成253.1万辆和256.4万辆，比上月分别增长26.8%和23.5%，比上年同期分别增长32.8%和26.1%。1-9月汽车产销分别完成1942.2万辆和1936.0万辆，比上年同期分别增长13.3%和13.2%。

https://www.marklines.com/cn/statistics/flash_prod/productionfig_china_2016

Posted by moneySIFU > 2016-10-17 23:36 | Report Abuse

温馨提醒, 冷轧板或者热轧板主要用于汽车和家电

Posted by moneySIFU > 2016-10-17 23:38 | Report Abuse

I stress again, I bought CSCSteel & Mycron for different criteria but same reason, both will do good in coming quarters because both are front runners in CRC industries.

Posted by Star8888 > 2016-10-17 23:41 | Report Abuse

I didn't say you said Mycron is net cash company. Don't misunderstanding. I just said different between cash flow and net cash. I not blame you anything, just open discussion.

Posted by moneySIFU > 2016-10-17 23:42 | Report Abuse

I have no idea whether I gave wrong info or comment, to cause you thinking I confuse about cash flow or what.
--------------------------------------------------------
moneySIFU, just a gentle reminder that cash flow can be increased by just borrow money from bank but net cash cannot be increased by borrow money from bank.

Posted by moneySIFU > 2016-10-17 23:42 | Report Abuse

Anyway, thank you for reminder

Posted by Goodiinvestor > 2016-10-17 23:43 | Report Abuse

U all no need sleep huh ? Wait tomorrow shows ? Haha

Posted by moneySIFU > 2016-10-17 23:43 | Report Abuse

You may refer my earlier comments in CSCSteel when price was around RM1.50

Posted by moneySIFU > 2016-10-17 23:45 | Report Abuse

Posted by moneySIFU > Aug 27, 2016 01:58 AM | Report Abuse X

For six month period ended 30/6/2016, CSCSteel already generated cash from operating activities of RM98m.

Existing market cap = 535m
Cash in hand = 321m

Growing & consistent profit records (except 2015, reason? check it out yourself)
Generous in paying 5%+ dividend

Posted by moneySIFU > 2016-10-17 23:48 | Report Abuse

Posted by moneySIFU > Aug 29, 2016 10:50 AM | Report Abuse X
Hehe, start collect this stock, seem like this stock is very quiet

Posted by moneySIFU > Aug 30, 2016 12:42 AM | Report Abuse X
Result may not match to the expectation of certain people, GOOD LUCK.
If price drop, will collect more....

Posted by moneySIFU > Aug 30, 2016 10:05 AM | Report Abuse X
I am happy for I have chance to add more, a lot more today than yesterday. I saw it coming, but never expect so good. I will share my findings here later.

Posted by probability > 2016-10-17 23:48 | Report Abuse

Guys...dont get obsessed with Cash...

what is more important how much money you pay for the Invested Capital (IC) of the company? Its the PPE and the management that generate all the future money...not the Cash pile.

Its very easy maths for Cash...you should just Pay the same amount ( P = C)....but for the IC...its not simple P=IC.

The IC has to be valued based its economic value addition potential.

At current mcap of Mycron...you are buying 3 X more IC compared to Cscsteel with the same amount of money P.

..and the Revenue generation is 60% higher for the same amount of money P you are paying.

Posted by moneySIFU > 2016-10-17 23:48 | Report Abuse

haha, Goodiinvestor, going to sleep liao, hope for good show again tomorrow for all steel stocks

Posted by probability > 2016-10-17 23:51 | Report Abuse

Both CSC Steel and Mycron are superb stocks....but for Mycron....it can be an explosive return... if the settings tune in just right.

Posted by moneySIFU > 2016-10-17 23:51 | Report Abuse

ha, probability know very clear if I am ever confused on cash or something on figures. In fact, I afraid of making mistake in figures because this is my only strength. If wrong, then die liao

Posted by moneySIFU > 2016-10-17 23:56 | Report Abuse

probability, long time never see Mr Icon, or new article from him

Posted by probability > 2016-10-18 00:01 | Report Abuse

yup..quite curious...im sure he is into steel too..

once in a while...we should develop strong will not to comment & spend too much time in i3...and focus on family..he he..

Posted by moneySIFU > 2016-10-18 00:04 | Report Abuse

hehe, true, you are right, thanks for remind

Posted by Koon Bee > 2016-10-18 00:19 | Report Abuse

Koon Bee all in Mycron

Posted by Goodiinvestor > 2016-10-18 08:07 | Report Abuse

Out of sudden steel companies back to trading radar again !
Good news for all .

Posted by faithful > 2016-10-18 09:26 | Report Abuse

hopefully it can continue to go up to 1.10 today...

Posted by pang72 > 2016-10-18 09:29 | Report Abuse

I want to see it breaking rm1.00by today

Posted by rkpvr > 2016-10-18 11:45 | Report Abuse

Steel price on the surge in US..the same expected in Asia based on the infrastructure expected to take place in 2017-2019. Good to pick up now...Perwaja expected to start production next year as well. Mycron still a good price to pick up now ..Good luck guys.

Posted by moneySIFU > 2016-10-18 12:09 | Report Abuse

China CRC price continue to climb due to increase in car sales in China

2016-10-17 - 3621.11
2016-10-12 - 3581.11
2016-10-10 - 3548.89
2016-10-05 - 3508.89
2016-09-10 - 3485.56
2016-08-22 - 3421.11
2016-07-20 - 3111.11
2016-06-23 - 2950.00

http://www.sunsirs.com/uk/prodetail-318.html
http://www.100ppi.com/vane/detail-318.html
http://klse.i3investor.com/files/my/blog/img/bl2751_crc_price_in_china.jpg

中汽协发布9月中国汽车产销量数据：
具体来看， 9月，汽车产销分别完成253.1万辆和256.4万辆，比上月分别增长26.8%和23.5%，比上年同期分别增长32.8%和26.1%。1-9月汽车产销分别完成1942.2万辆和1936.0万辆，比上年同期分别增长13.3%和13.2%。
https://www.marklines.com/cn/statistics/flash_prod/productionfig_china_2016

Posted by moneySIFU > 2016-10-18 12:30 | Report Abuse

Good article written & shared by Chelsea, it is also applicable to Mycron:
http://klse.i3investor.com/blogs/5094CSC/106446.jsp

Posted by SuperMan 99 > 2016-10-18 13:37 | Report Abuse

I will think both CSCSteel & Mycron will do estremely well in coming months

Posted by Goodiinvestor > 2016-10-18 15:20 | Report Abuse

Short term players pls sell n profit taking now

Posted by probability > 2016-10-18 15:25 | Report Abuse

who knows...i am still hopeful of pang72's dream of the day :)

Posted by Goodiinvestor > 2016-10-18 15:43 | Report Abuse

I advise short term players buy back after 2 days

Posted by rkpvr > 2016-10-18 15:53 | Report Abuse

Those who wanna make quick pick..right time now for fast money...God bless

Posted by rkpvr > 2016-10-18 15:54 | Report Abuse

This counter no regrets for sure...hhemmm

Posted by Kin Hong > 2016-10-18 16:04 | Report Abuse

這個跳水在奧林匹克拿金牌

Posted by Goodiinvestor > 2016-10-18 18:00 | Report Abuse

again, I estimate mycron will drop for coming 3 days

Posted by hewiester > 2016-10-18 18:35 | Report Abuse

I agree with 'goodinvestor' - many wants to get rid of their holdings before the budget day, on Friday! So is better to wait till friday to enter - not sure if govt will impose new tax tariffs for steel players?!?! Jus to be on the safe side, buy after Friday or next monday.

Posted by Goodiinvestor > 2016-10-18 18:41 | Report Abuse

No no don't get me wrong. I m holding .. Somemore "long hold"
Just some advise to short term players only.

Posted by moneySIFU > 2016-10-18 18:54 | Report Abuse

Don't simply said new tax tariffs, hewiester, pls specific what kind of tax you are trying to point at?

Posted by hewiester > 2016-10-18 19:40 | Report Abuse

moneysifu - i will not SPECULATE until the budget is OUT! Am saying.. we need to wait for any new announcements on tariff hike(s) for steel company(s)?

Posted by hewiester > 2016-10-18 19:42 | Report Abuse

in the next few days to come.. many may want to get rid of their holdings so i figure the price will drop back, therefore i sold mine this morning :)

Posted by ilovehits > 2016-10-18 19:58 | Report Abuse

In the next few days to come, many may want to buy more since steel play is on focus and spread between HRC & CRC is widening day by day.