Posted by Goodiinvestor > 2016-11-07 10:40 | Report Abuse

Steel index up so much why steel counter not moving ?

Posted by LA777 > 2016-11-07 10:57 | Report Abuse

龙头股在跌， 不要期望它会涨。

Posted by moneySIFU > 2016-11-07 11:53 | Report Abuse

Really, VenFx? Ok, thank you, checking now.

Posted by Goodiinvestor > 2016-11-07 11:56 | Report Abuse

，steel index up 95 points ><

Posted by moneySIFU > 2016-11-07 12:27 | Report Abuse

Oh ya, it is true, VenFx, thank you very much!!!

Stocks jump after FBI clears Clinton again
http://money.cnn.com/2016/11/06/investing/global-markets-us-election-clinton-trump-fbi/index.html?iid=hp-toplead-dom

FBI clears Clinton in email review two days before election
http://www.reuters.com/article/us-usa-election-idUSKBN1310WY

Posted by Koon Bee > 2016-11-07 12:41 | Report Abuse

Hoseh...i have 50 lorries of melewar and mycron

Posted by bing > 2016-11-07 13:34 | Report Abuse

How much money are 50 lorries?

Posted by probability > 2016-11-07 14:04 | Report Abuse

steel price gone up..1 lorry = 100k

Posted by bing > 2016-11-07 14:13 | Report Abuse

Wow...

Posted by probability > 2016-11-07 14:17 | Report Abuse

but..may be KB bought lorry scrap metal only = 10k current rate!

Posted by Goodiinvestor > 2016-11-07 14:32 | Report Abuse

Steel index up 158 points ><

Posted by VenFx > 2016-11-07 15:23 | Report Abuse

海外机构：中国经济恢复得很好
http://www.100ppi.com/info/detail-20161102-78194.html

Posted by Good_Trader > 2016-11-07 15:27 | Report Abuse

china gov closed down few steel factories this month.
the intention is to cut down the production. But the way they present very nicely is that "to reduce pollution "
eye on steel price ! gonna up again

Posted by Good_Trader > 2016-11-07 15:32 | Report Abuse

using my calculation, comparison last high mycron 1.2 and current steel index which is higher 18% . Mycron suppose hitting 1.52 now

Posted by moneySIFU > 2016-11-07 15:54 | Report Abuse

Mycron has been very consistent in keeping its steps to move, never disappointed me so far, let's see how far can go.

Posted by moneySIFU > 2016-11-07 15:55 | Report Abuse

By looking at its performance, it is far superior than others, very steady, hope more to come from Mycron

Posted by VenFx > 2016-11-07 15:59 | Report Abuse

Best performance for 5Star CRC-$teel counter .

Posted by moneySIFU > 2016-11-07 16:02 | Report Abuse

Now only realised all steel stocks up, Ann Joo leads the way today

Posted by probability > 2016-11-07 16:10 | Report Abuse

If not because of the dip (suppression) in cscsteel...mycron would have been somewhere now i guess..psychological influence is there

we have to appreciate the benefit from steel tube segment on Mycron which is always there due to Megasteel closure independent of the CRC - HRC spread. Plus the potential growth due to the unused capacity on this tube segment....now that they will be able to compete fairly!

Posted by A003 > 2016-11-07 16:24 | Report Abuse

Luckily koon man never bought Mycron, if not this forum will become polluted.

Posted by A003 > 2016-11-07 16:25 | Report Abuse

WealthWizard is real sifu, very good industry study & analysis plus very detailed digging into individual company's accounts. Many benefited from his articles & findings, hope to have more people like him

Posted by moneySIFU > 2016-11-07 16:52 | Report Abuse

Very good closing again today, congratulation to all!

Posted by ng1943 > 2016-11-07 21:52 | Report Abuse

GO GO GO

Posted by WealthWizard > 2016-11-07 22:58 | Report Abuse

The spread is maintained at RMB1000 & price is definitely on uptrend now. It will only do good for all CRC producers in Malaysia.

I trust Mycron & CSC Steel will be the most benefited companies & others will follow.

http://www.sunsirs.com/uk/prodetail-318.html
http://www.sunsirs.com/uk/prodetail-195.html

Make your own judgement & don't follow anyone, including me. Because it's your money.

Posted by moneySIFU > 2016-11-07 23:25 | Report Abuse

Thank you for your comment, Wealthwizard!

Posted by Ryan88 > 2016-11-08 00:09 | Report Abuse

Thanks. Cheers

Posted by BOOON > 2016-11-08 08:52 | Report Abuse

Thanks WealthWizard!

Posted by faytdestiny > 2016-11-08 12:13 | Report Abuse

Thanks every sifu here sharing so detail and helpful here

Posted by moneySIFU > 2016-11-08 14:43 | Report Abuse

Continue hold for more to come from Mycron...

Posted by VenFx > 2016-11-08 14:47 | Report Abuse

CHECK THIS OUT !

全国钢材库存连续四周下降 [ 8/11/16 - CHINA ]
Steel Inventoties has been Reducing for 4 weeks Continuasly.
http://www.100ppi.com/news/detail-20161108-940122.html

Posted by moneySIFU > 2016-11-08 15:31 | Report Abuse

Restocking will be expected & price will be continued to be pushed up further

Posted by Remisier > 2016-11-09 07:08 | Report Abuse

YKGI latest result show revenue and net profit drop a lot compare to last quarter, any hint for coming MYCRON quarter result?

Posted by VenFx > 2016-11-09 08:11 | Report Abuse

Yungkong is a Hardware shop with mix wire rope & mesh producer, how can categorize it with Melewar & Mycron as the B.O.B. CRC producer leh ?

Posted by Alex Lim Jun Xiong > 2016-11-09 10:34 | Report Abuse

Sell 1st, high risk~

Posted by faytdestiny > 2016-11-09 10:41 | Report Abuse

Sell mycron?

Posted by lala23 > 2016-11-09 11:28 | Report Abuse

why high risk ?.. seems okay only?

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

Waiting...

Posted by nicky11 > 2016-11-09 11:35 | Report Abuse

Trump is owning now, market is expecting to drop...Is chance to buy on weakness

Posted by moneySIFU > 2016-11-09 12:01 | Report Abuse

Trump need 73 more & he is leading in the states with 88 votes

Posted by moneySIFU > 2016-11-09 12:02 | Report Abuse

Trump is winning now & next US president is Trump for sure already. Market going to crash like Brexit?

Posted by CharlesT > 2016-11-09 12:39 | Report Abuse

The end of the world??very scared leh

Posted by faytdestiny > 2016-11-09 15:35 | Report Abuse

Should rest in cave

Posted by Thelastone > 2016-11-09 17:45 | Report Abuse

Don't sell effect of Trump winning the US president election only will have minor effect on Bursa.
The most in a week time Mycron will be uptrend again.

Posted by VenFx > 2016-11-09 18:05 | Report Abuse

Iron ore(Major raw material to steel) up , HRC (Upstream players) sure up ( to mitigate the surcharge raw cost ) ; Iron ore weakening will leave Steel players to stay at same price level or mild softening of their selling price. Unless there are drastically weakening of price from Iron Ore.

CRC most likely to take advantage from the chain with better quantum decision making to adopt what best to CRC (Midstream player).

Posted by michaelwong > 2016-11-09 20:54 | Report Abuse

Ready to buy on weakness when Trump win in the US presidential election . An opportunity to buy on weakness as many panic sellers are fearful. We can only make money from steeped dumping by fearful investor's . Buy 2morrow with with unusual steep market retreat by panic sellers as very likely for short term effects .

Posted by Koay Yi Chuan > 2016-11-09 23:42 | Report Abuse

Too bad. Dow is up!! The herd bought the lie perpetuated by mainstream media, investment gurus etc that it's gonna be the end of the world with Trump. Surprise! Steel and infra stocks will be beneficiaries of Trump presidency and China's Xi will make sure China's economy will do well going into 2017 for his reelection, all good news for steel and infra stocks.

Posted by xiang91 > 2016-11-10 08:27 | Report Abuse

Anyone looking at the steel price? it's like breaching another new high.

Posted by Koon Bee > 2016-11-10 11:45 | Report Abuse

I have few hundreds lorries of mycron and melewar

Posted by hewiester > 2016-11-10 12:03 | Report Abuse

The whole world has accepted Trump! Is back to business - counters rebound !

Posted by Koay Yi Chuan > 2016-11-10 14:45 | Report Abuse

It's time to accumulate before it's too late. Trump will be good for U.S. economy and China Xi's reelection next year will be reflationary to the economy. Industrial metals are surging and resources stocks are laughing their way to the bank. HK resources stocks are surging 10-15% already.