Posted by bing > 2016-10-20 16:51 | Report Abuse

我有密大腿，lulu的小腿。。huat arr

Posted by Chelsea > 2016-10-20 16:51 | Report Abuse

Fuyoh. Steel on uptrend . thank you wealthwizard

Posted by DemonDino > 2016-10-20 17:01 | Report Abuse

Wah congratss ppl!!

Posted by imoogi99 > 2016-10-20 17:05 | Report Abuse

Finally a breakout!

Posted by probability > 2016-10-20 17:14 | Report Abuse

To those who left the boat with short term gains & cut loss strategy...

hope you agree that chances are you have more to gain by holding longer than 'cutting profit'...as there are probably fundamental reasons driving this stock up....good luck!

Looking forward for WealthWizard's Part 4.....

Posted by Chelsea > 2016-10-20 17:19 | Report Abuse

Chelsea Lastest update (Rough estimation from graph)
CRC 3710 rmb (RM2300 based on conversion 0.620)
HRC 2830 rmb (RM1755 based on conversion 0.620)
Spread 880 (Break record)
RM2300 (Break record)

Thumbs up for Cscsteel and Mycron

Posted by moneySIFU > 2016-10-20 17:27 | Report Abuse

Yeah! Go for RM1.58!

Posted by moneySIFU > 2016-10-20 17:30 | Report Abuse

All development pointed to one direction only, that's UP.

Can't really see any pull back factor at this moment, except some expected profit taking or cut profits activities along the way.

Posted by moneySIFU > 2016-10-20 17:31 | Report Abuse

I like the term "cut profits" from probability :)

Posted by Koon Bee > 2016-10-20 17:34 | Report Abuse

TP 1.80

Posted by Koon Bee > 2016-10-20 17:36 | Report Abuse

The chart bullish breakout

Posted by moneySIFU > 2016-10-20 17:52 | Report Abuse

Wow, even higher, let's hope for the best :)

Posted by pang72 > 2016-10-20 18:46 |

Post removed.Why?

Posted by garyng03 > 2016-10-20 19:25 | Report Abuse

thank you to all the sifu's here. been holding mycron since 0.8, now i see a lot of green

Posted by Benjamin_8888 > 2016-10-20 19:38 | Report Abuse

Congrats

Posted by moneySIFU > 2016-10-20 20:26 | Report Abuse

True, this is not pump & dump stock, it is supported by results and great business prospects ahead. Holding it since 0.44, now let it fly over 1.58 :D

Posted by Ooi Teik Bee > 2016-10-20 20:29 | Report Abuse

moneySIFU, your target price is higher than mine.

When I recommend this stock, one joker attacked me that I always recommend a high and unachievable target price.

moneySIFU is even more bullish than me now.

Thank you.

Posted by probability > 2016-10-20 20:35 | Report Abuse

Once in a lifetime event unfolding...dont miss it.

Posted by moneySIFU > 2016-10-20 20:35 | Report Abuse

I trust WealthWizard, Mr Ooi, he has been conservative so far.

WealthWizard I also revised my target PE from 5 to 7 due to latest positive development in CRC industries (Malaysia & China)
20/10/2016 16:23

Posted by moneySIFU > 2016-10-20 20:41 | Report Abuse

I don't have your working of determining the target prices, so can't say much about it. But trust your experience & history has well supported your calls.

Posted by probability > 2016-10-20 20:50 | Report Abuse

http://www.seaisi.org/News/5796/CSC+says+prices+of+steel+rolls+to+rise+in+December

Posted by probability > 2016-10-20 20:55 | Report Abuse

this will boost consumer to buy more...and stock up.

Posted by moneySIFU > 2016-10-20 21:03 | Report Abuse

I am in profession line also, so I know how things work, protecting professional pride is always top priority of all for old school guys like us.

Posted by moneySIFU > 2016-10-20 21:09 | Report Abuse

Keep your good work & stay strong, Mr Ooi :)

Posted by Ooi Teik Bee > 2016-10-20 21:15 | Report Abuse

moneySIFU,
Thank you for your good words and support.
Ooi

Posted by imlearning > 2016-10-20 23:37 | Report Abuse

if i buy tomorrow, will it too late for me?

Posted by GoodInvestor > 2016-10-21 00:00 | Report Abuse

Hi Chelsea, I like your article as below so much. From your article and comment, I believe you own a lot of CSCSTEL, do you own any MYCRON?

http://klse.i3investor.com/blogs/5094CSC/106446.jsp

Posted by moneySIFU > 2016-10-21 01:19 | Report Abuse

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

2016-10-20 - 3716.67
2016-10-19 - 3681.11
2016-10-17 - 3621.11
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

Posted by moneySIFU > 2016-10-21 01:22 | Report Abuse

China CRC price up 26% from 23/6 to now, very fantastic future for Malaysia CRC producers.

Posted by Koon Bee > 2016-10-21 07:09 | Report Abuse

Tp 1.80

Posted by Chelsea > 2016-10-21 08:42 | Report Abuse

Hi good investor, previous i own ratio cscsteel : myron at 40% : 60%
And now is 60% : 40%
Try to buy more myron today.
Happy invest

Posted by imlearning > 2016-10-21 09:16 | Report Abuse

Accumulated @1.05, but drop a bit,hope will rebound soon

Posted by Undercover > 2016-10-21 09:20 | Report Abuse

Joined u guys at 1.03. Huat ahhh

Posted by moneySIFU > 2016-10-21 09:24 | Report Abuse

I added more today because of movement in China CRC

Posted by nicky11 > 2016-10-21 09:42 | Report Abuse

I top up some too. Wait for the good result come out.

Posted by Benjamin_8888 > 2016-10-21 09:46 | Report Abuse

No more free bullet :-(

Posted by imlearning > 2016-10-21 09:57 | Report Abuse

Ya,I all in liao,no bullet left

Posted by pang72 > 2016-10-21 10:36 | Report Abuse

Time starts for next pusssssssssh

Posted by moneySIFU > 2016-10-21 10:41 | Report Abuse

China CRC is direct competitor (major imports) to local CRC producers (CSCSteel & Mycron), there are 3 very good factors in building the moat for CSCSteel & Mycron:

1. Increase in China CRC make imports more expensive
2. Anti-dumping duties over China CRC make them even more expensive
3. Meanwhile, Mycron can import import-duty exempted HRC with saving of RM400 per tonnes
4. CSCSteel will import HRC from its taiwan HQ with lesser saving, no sure how much but definitely less than RM400.

Posted by GoodInvestor > 2016-10-21 10:50 | Report Abuse

Current cscsteel(60%), mycron(40%), thank you and appreciate your info and reference. I own both as well, I am thinking which to go more. Happy invest to you too. :)

Posted by Chelsea > Oct 21, 2016 08:42 AM | Report Abuse

Hi good investor, previous i own ratio cscsteel : myron at 40% : 60%
And now is 60% : 40%
Try to buy more myron today.
Happy invest

Posted by moneySIFU > 2016-10-21 10:51 | Report Abuse

Based on projection of WealthWizard, current price is Forward PE of 4.6

--------------------------------------------------------------------------
WealthWizard Based on my projection of future profit for Mycron, the following are estimated:

30/9/2016 - 5.34
31/12/2016 - 6.44
31/3/2017 - 6.53
30/6/2017 - 4.29
Total = 22.6 cents

I will release my calculation & projection at the coming CRC Part 4 article.
20/10/2016 16:22

Posted by moneySIFU > 2016-10-21 10:56 | Report Abuse

Having both CSCSteel & Mycron are because of different strategies, I own both also.

CSCSteel = capital gain + confirmed dividend
Mycron = capital gain + possible dividend

Since CSCsteel has not gone down much in the past, so the potential gain will be much lesser than Mycron.

But CSCSteel is leading player in CRC industry in terms of financial positions + production capacity, so deserve to have premium over other players.

Posted by GoodInvestor > 2016-10-21 11:03 | Report Abuse

Well said moneySIFU, thank you for giving a lot of information in this forum as well.
Posted by moneySIFU > Oct 21, 2016 10:56 AM | Report Abuse

Having both CSCSteel & Mycron are because of different strategies, I own both also.

CSCSteel = capital gain + confirmed dividend
Mycron = capital gain + possible dividend

Since CSCsteel has not gone down much in the past, so the potential gain will be much lesser than Mycron.

But CSCSteel is leading player in CRC industry in terms of financial positions + production capacity, so deserve to have premium over other players.

Posted by WealthWizard > 2016-10-21 11:29 | Report Abuse

I have revised my target price for Mycron to RM1.58 (PE7) & CSCSteel to RM3.19 (PE10), I will publish & explain my revision in my coming part 4 article.

Posted by probability > 2016-10-21 11:33 | Report Abuse

Thank you so much WealthWizard.

So far i have yet to see a more reliable information than yours in i3...

Hope i can enjoy your article over the weekend..:)

Posted by rkpvr > 2016-10-21 12:21 | Report Abuse

(WW) Wealthwizard..u are good indeed....have a great weakened with loved ones...Good luck to all

Posted by LA777 > 2016-10-21 12:40 | Report Abuse

Thank you very much, WealthWizard.

Posted by hklcheng > 2016-10-21 13:14 | Report Abuse

wow...luckily this morning add some at 102

Posted by bing > 2016-10-21 13:58 | Report Abuse

Golden egg gem! haha...shooting till 2017.

Posted by probability > 2016-10-21 15:43 | Report Abuse

steel tube segment contribution...

http://klse.i3investor.com/servlets/forum/600104546.jsp