Posted by klsenovice > 2016-11-11 06:33 | Report Abuse

1USD->RM4.35 & 1SGD->RM3.07!. Is weakening of Ringgit against USD & Singapore, beneficial to Mycron ? Do export form a significant portion of Mycron CSCSTEL? Any Sifu, please educate me. TQ.

Posted by valuelurker > 2016-11-11 11:15 | Report Abuse

I like how u guys think rising ore prices is going to benefit midstream players hahaha

Posted by Good_Trader > 2016-11-11 12:19 | Report Abuse

myr weaken is bad for mycron. cost of production higher

Posted by VenFx > 2016-11-11 12:23 | Report Abuse

Strong USD note in 1 day ?
I would prefer to wait a bit longer , says 1-2 weeks.
But, with Mycron procurement strategy along can mitigate this kind of Usd jacking in short term.

Posted by MRapolo > 2016-11-11 12:34 | Report Abuse

cost of production higher, then just sell higher price lah....no more competitor from China....

Posted by klsenovice > 2016-11-11 14:27 | Report Abuse

Any Sifu know %of revenue generated from export ?

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

THe most important thing is that the upcoming QR shows great RESULTS. The rest is secondary to me! Even if MYR is weak or USD is strong, the % of revenue generated for this month recorded in the book, wont be reflected in the upcoming (NOV) Quarterly result. So why are we worrying so much?!?

NOTE: Unless coldeye sell his stake, then im worried :)

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

External market not good, be more cautious. Make your judgement from time to time.

Posted by Ryan88 > 2016-11-11 16:21 | Report Abuse

Haha. Some of my counters up til no sky limit. Some drop little. Overall still gain lar.. haha

Posted by Koon Bee > 2016-11-11 16:22 | Report Abuse

I buy more again today

Posted by Good_Trader > 2016-11-11 16:28 | Report Abuse

10 lorries d

Posted by Koon Bee > 2016-11-11 16:29 | Report Abuse

I all in few hundred lorries ald

Posted by Good_Trader > 2016-11-11 16:43 | Report Abuse

haha only hope is earlier QR report publish
price shoot up immediately

Posted by Koay Yi Chuan > 2016-11-12 10:45 | Report Abuse

klsenovice, please read up annual report 2016. Thank you.

Posted by absolutelk > 2016-11-12 12:54 | Report Abuse

myron not exporting

Posted by klsenovice > 2016-11-12 19:22 | Report Abuse

Ok. Tq Sifu Koay

Posted by excelyou > 2016-11-13 17:39 | Report Abuse

Accumulate while you can.

Posted by Good_Trader > 2016-11-14 09:14 | Report Abuse

at this point of time, melewar is more attractive.
when my cron QR out, melewar will move
later when melewar QR out, another move

Posted by HappyBuyer > 2016-11-14 10:46 | Report Abuse

Mycron drop so much :(

Posted by mike90 > 2016-11-14 10:48 | Report Abuse

Cut loss??

Posted by Muarmali > 2016-11-14 10:52 | Report Abuse

all the construction materials for the Chinese funded mega projects will be imported from China. One Belt One Road is worse than TPPA for Malaysia.

Posted by Good_Trader > 2016-11-14 10:58 | Report Abuse

langgar lorries this time

Posted by HappyBuyer > 2016-11-14 11:24 | Report Abuse

langgar hammers

Posted by Good_Trader > 2016-11-14 11:38 | Report Abuse

steel price up 20% in November, everyday I top up, everyday I langgar lorry.
hope lorry move up today

Posted by hewiester > 2016-11-14 12:03 | Report Abuse

At the current price of 1.02 - 1.09.. I feel it should be a safe margin since Mycron had issued a share buyback @ 1.10 (pending to shareholders approval). How wrong can this go?

Posted by PlsGiveBonus > 2016-11-14 12:59 | Report Abuse

Selling treasury share again?

Posted by VenFx > 2016-11-14 13:04 | Report Abuse

with their 150,000 shares , treasury share left behind.
It wont create much impact upon selling off .

Posted by Grace Ly > 2016-11-14 14:04 | Report Abuse

mycron quarter result this month rite, not december rite?

Posted by VenFx > 2016-11-14 14:24 | Report Abuse

4.78 cts shud b my wild guess. For this coming qtr.

Posted by musangfoxking > 2016-11-14 15:01 | Report Abuse

beli lah @1.03!!!! believe the great bomoh!!!!!!

Posted by imoogi99 > 2016-11-14 21:53 | Report Abuse

Southern Steel had just announced a good quarterly results. Does this tell something about Mycron results too?

Posted by musangfoxking > 2016-11-15 09:40 | Report Abuse

thks for the Starbucks coffee!!!!

Posted by VenFx > 2016-11-15 09:57 | Report Abuse

Try to imagine a fox drinking a cup of Starbucks Coffee , and cium bau ah moi. Wakakak...

Posted by musangfoxking > 2016-11-15 10:49 | Report Abuse

y imagine!!! go lah to GEnting n get one ! hahahahhaha!!!

Posted by excelyou > 2016-11-15 13:00 | Report Abuse

Sector Watch:
1. China Steel Sector. Sector earnings improved significantly in 9M16. 82% of the largest steel companies achieved positive earnings growth in YoY terms, 45% of them turned profitable from one year ago. The improvement was attributable to: (a) continuous rise in steel and iron ore prices amid supply-side reform, (b) efforts by steel companies to lower costs and enhance efficiency. In addition, NDRC vows to continue to cut steel capacities.

MYCRON result will better in this quarter?

Posted by absolutelk > 2016-11-16 17:55 | Report Abuse

of coz.... quarter results is this month, board meeting 28th! buy now before regret :)

Posted by nicky11 > 2016-11-16 19:25 | Report Abuse

CSCSTEL latest QR is not bad. If this quarter Mycron no impairment lost,I think EPS should be around 4.5. Just my 2 cents.

Posted by 8wpwtmt8 > 2016-11-16 19:57 | Report Abuse

A famous remisier said that CSCSTEL Q3 results is good. He believes Mycron 1st quarter results will also be good. For forecast of EPS, VenFx sifu said 4.78 sen, Nicky sifu said 4.50 sen and WealthWizard sifu said 5.58 sen (as compared to 3.3 sen previous quarter and 1.00 sen last year 1st quarter). Beli beli, jangan tak beli.

Posted by musangfoxking > 2016-11-16 20:07 | Report Abuse

again be careful with forecasts!!! forecasts are not reality!!!!! what has happened is reality!!! ask Ven, he should know regarding his fair lady, the comel!!!!!

Posted by VenFx > 2016-11-16 20:21 | Report Abuse

Like that, what about an explosive gain for this coming qtr ? If so, no doubt for Mycron to shoot up to $1.40 and Melewar at least $0.75 .

All and all, we are small fly to make our best guess only.
Seemingly, syndicate have better control over the share price with the recently weak sentiment from the retailers market.

With steel sentiment improved, and big interest for steel from the retailers market; I'm sure smart money will back buying the steel counter at fastest possible.

LET'S SEE HOW STEEL TURN INTO FLYING ROCKET :)

Posted by 8wpwtmt8 > 2016-11-16 22:23 | Report Abuse

I really hope that CSCStel will lead Mycron and Melewar to fly tomorrow and Friday.

Posted by nicky11 > 2016-11-17 08:55 | Report Abuse

I think more or less the price will be dragged up. :)

Posted by hklcheng > 2016-11-17 09:24 | Report Abuse

8wpwtmt8....really fly a bit..

Posted by 8wpwtmt8 > 2016-11-17 09:30 | Report Abuse

hklcheng, a bit only. I hope it can close at RM1.12 today.

Posted by moneySIFU > 2016-11-17 10:42 | Report Abuse

Patiently hold & wait for the results :)

Posted by 8wpwtmt8 > 2016-11-17 11:18 | Report Abuse

Roadblock at RM1.11 (5217,00). When can be broken?

Posted by hewiester > 2016-11-17 12:02 | Report Abuse

Moneysifu : how much are u holding..

Posted by 8wpwtmt8 > 2016-11-17 13:26 | Report Abuse

Mycron engine has yet to warm up. Still got 7 market days to the result day (28.11.2016).

Posted by 8wpwtmt8 > 2016-11-17 16:19 | Report Abuse

A temporary surprise! The roadblock at RM1.11 is temporary broken. See whether market makers will block again.

Posted by 8wpwtmt8 > 2016-11-17 16:27 | Report Abuse

New roadblock at RM1.13 (4940,00).