Posted by VenFx > 2016-11-28 18:03 | Report Abuse

Results above average, better EBITDA than last quatter.
I expect it to surprise me .

Posted by MuttonCurry > 2016-11-28 18:05 | Report Abuse

good luck

Posted by VenFx > 2016-11-28 18:26 | Report Abuse

Beaten by Prestar, but override Cscstel & Annj.

Posted by Alex Lim Jun Xiong > 2016-11-28 18:27 | Report Abuse

Tp RM1.68 going to hit tomorrow.
All money pump in.
=)

Posted by John Lu > 2016-11-28 18:27 | Report Abuse

3.56 x 4 = 14.24

PE 10 = 1.42

Posted by younginvestor92 > 2016-11-28 18:29 | Report Abuse

Boom boom boom

Posted by VenFx > 2016-11-28 18:31 | Report Abuse

Hope mother can surprise us, that Melewar family can go party to celebrate.

Posted by 8wpwtmt8 > 2016-11-28 18:47 | Report Abuse

Melewar 1Q net loss 4.461 million. Truly an upset.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=V&securityCode=3778

Posted by MuttonCurry > 2016-11-28 18:50 | Report Abuse

Based on my research only CSC is in the money ... rest of steel stocks semua kaki tipu riding on the coattails on this one counter.

Posted by hewiester > 2016-11-28 18:53 | Report Abuse

Prestar is still the **superstar** among other steel counters. Give it up guys !!!

Posted by ilovehits > 2016-11-28 18:55 | Report Abuse

CHUAN will follow after PRESTAR. Check it out. Only up 20% in a year.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&source=M&securityCode=7016

Posted by ilovehits > 2016-11-28 19:03 | Report Abuse

CHUAN business is similar with PRESTAR & AYS. Both of them are doing so good in this quarter. Prices shot up after result has released.

Posted by beautifulmind > 2016-11-28 19:05 | Report Abuse

Very good result, why say no good, profit up from 2.8 to 10mil, better than my bina puri & my friend DRB hicom

Posted by ilovehits > 2016-11-28 19:07 | Report Abuse

MYCRON is good. I mean that MELEWAR.

Posted by Warn3r > 2016-11-28 19:08 | Report Abuse

Hmm. Now that the result is out, I wonder what price the market will give it before the next QR. Also very Curious if the price will go down first like what IamGoogle described.

Posted by ilovehits > 2016-11-28 20:04 | Report Abuse

Seriously, CHUAN is as good as PRESTAR. Forward PE only 4. If can get 2 sen EPS for this quarter, sure can up to 60 sen.

Posted by 8wpwtmt8 > 2016-11-28 20:04 | Report Abuse

For forecast of EPS, VenFx sifu said 4.78 sen, Nicky11 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).

Now results come out already only 3.56 sen (below all the forecasts). I think tomorrow will gap up when the market opens and the gap will be closed up before market ends.

Posted by musangfoxking > 2016-11-28 20:07 | Report Abuse

EPS = 3.56 sen!!!! corresponding Q last year = 1 sen!!!!!! the great expectation will happen 2moro!!!!!

Posted by leoting > 2016-11-28 21:23 | Report Abuse

Mycron 2017第1季报分析!
http://www.investalks.com/forum/forum.php?mod=viewthread&tid=8892&page=117#pid3905826

Posted by nicky11 > 2016-11-28 22:50 | Report Abuse

Although I have higher expectation on this QR, the actual result is consider good too. The earning is better than last Q and also last year same quarter.

Posted by Up_down > 2016-11-28 22:54 | Report Abuse

Hard to say tomorrow. It seems that EPS 3.55 cents is not up to expectation. Both Mycron and CSC PER is 10x... People may shift to CSC which attracted lower risks and enjoying Dividends yields about 4%.

Posted by wcchua > 2016-11-28 22:59 | Report Abuse

achieve better result in spite of the Ramadan and Hari Raya festive period.

Posted by MuttonCurry > 2016-11-28 23:04 | Report Abuse

Up_down
Crude is up quite a bit just now ... so if it hold maybe 5087 may move up a tick or 2 tomorrow. But upside is limited though ....

Posted by dawstz > 2016-11-28 23:07 | Report Abuse

quarter looks good albeit it being below expecation...both the CRC and steel tube segment posted both increased sales volume and higher prices....with the spread on HRC-CRC largest in the month of October and November, maybe the next quarter will see even better profit margin for Mycron

Posted by Vizhai > 2016-11-28 23:21 | Report Abuse

worth to hold and invest in Mycron.

Posted by John Lu > 2016-11-28 23:22 | Report Abuse

Melewar die

Posted by mike90 > 2016-11-28 23:36 | Report Abuse

Famous si fu i heard recommend a buy for Mycron.
Gap up to RM1.2 tomorrow.

Posted by Watoexpect > 2016-11-29 00:03 | Report Abuse

Use uncle kyy strategy.. If u think this year going to make more money than last year then price will surely go up. From the looks of it mycon will make more money this year

Posted by hewiester > 2016-11-29 07:55 | Report Abuse

Lets see if cold eye is loading off his holdings in the next upcoming days..

Posted by VenFx > 2016-11-29 08:21 | Report Abuse

Hope daughter would able to bail her mother out.

Posted by buddyinvest > 2016-11-29 08:29 | Report Abuse

VenFx, it's dangerous to place hopes on Melewar. Normally hope won't work in share market. Cut loss and switch to Cscstel and Mycron.

Posted by VenFx > 2016-11-29 08:51 | Report Abuse

Ok, quick quick cut lost.

Posted by imoogi99 > 2016-11-29 08:55 | Report Abuse

"Posted by Watoexpect > Nov 29, 2016 12:03 AM | Report Abuse

Use uncle kyy strategy.. If u think this year going to make more money than last year then price will surely go up. From the looks of it mycon will make more money this year"
---------------------------------------------------

Uncle kyy also said that the last 5qtrs result must show increase in profit....so mycron meet the criteria as well.

Posted by Remisier > 2016-11-29 09:04 | Report Abuse

Quarter result for Mycron is below market expectation. If take into consideration of impairment loss, Q416 net profit is 16.01Mil, Q117 net profit is just 7.856Mil. It is 51% net profit drop compare to last quarter. Please make your own decision to buy or sell.

Posted by Warn3r > 2016-11-29 09:10 | Report Abuse

IamGoogle is correct wo. It's being pressed down first. Seems like need to wait until afternoon or even a couple more days later to see the price up.

Posted by Hotrod > 2016-11-29 09:34 | Report Abuse

Steel theme is overcooked. Time to exit.

Posted by Remisier > 2016-11-29 10:23 | Report Abuse

Market expect Mycron 16Mil net profit this quarter but result just 7.856Mil(after deduct yearly impairment loss into 4 quarters). For Ekovest, Q117 net profit is 40.1Mil, Q416 net profit is 12.97Mil(after deduct 122.5Mil fair value gain on investment properties). Better switch to Ekovest.

Posted by IamGoogle > 2016-11-29 10:30 | Report Abuse

Mycron result is very good, but maybe the expectation is too high? Or in fact now, whatever results, no matter good or bad, all will drop, I see no exceptional in last 2 weeks.

Posted by IamGoogle > 2016-11-29 10:31 | Report Abuse

I will wait the opportunities to surface on this Mycron. Buy profitable companies only in bad market.

Posted by IamGoogle > 2016-11-29 10:32 | Report Abuse

Buy loss making companies & hope miracle to happen in bad market is still a hope for Miracle. Miracle rarely happen.

Posted by nicky11 > 2016-11-29 10:34 | Report Abuse

I also feel is our expectation too high. Recently stock really need to sell before QR and buy back after that if the result is promising. @@

Posted by IamGoogle > 2016-11-29 10:36 | Report Abuse

Now wait for chance to collect, time to shop now

Posted by SKTRADER > 2016-11-29 11:14 | Report Abuse

cheap sale

Posted by PlsGiveBonus > 2016-11-29 11:20 | Report Abuse

Melewar bad news pricing in today

Posted by pang72 > 2016-11-29 11:33 | Report Abuse

Wow...all chasing prestar and abandon this ship

Posted by Alex Lim Jun Xiong > 2016-11-29 12:01 | Report Abuse

pang72, what is ur tp for prestar?

Posted by hewiester > 2016-11-29 12:09 | Report Abuse

Let's see what *Wealthwizard* (our researcher/analyst/representative) has to say about MYCRON latest results...?

Posted by Warn3r > 2016-11-29 12:10 | Report Abuse

Queueing at 1.03 and 1.04. =|

Posted by IamGoogle > 2016-11-29 12:17 | Report Abuse

May not up to the high expectation but the result is still the best of all previous quarters in last 3 years.

Q06/2015 should not be counted as there was a gain from bargain purchase of the Steel Tube subsidiary of RM21.3 million

Posted by IamGoogle > 2016-11-29 12:22 | Report Abuse

If read again on the article from wealthwizard, he has predicted & projected quite correctly on the price & potential of both CSC Steel & Mycron, though a bit of short.

He projected target price for CSCSteel @ RM2.09 & Mycron @ RM1.12.

http://klse.i3investor.com/blogs/wealth123/103812.jsp