MYCRON STEEL BHD

KLSE (MYR): MYCRON (5087)

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Last Price

0.485

Today's Change

-0.005 (1.02%)

Day's Change

0.475 - 0.50

Trading Volume

257,100


3 people like this.

3,802 comment(s). Last comment by gorengkitty 3 days ago

gaomin

596 posts

Posted by gaomin > 2016-11-30 13:56 | Report Abuse

But there is one stock recommended by OTB that didn't fail his subscribers , that is KESM . I bought at RM 4+ , he said target price RM 8+. It went up to almost RM10 . Now still RM 9+ . Tguan and tguan-wa are also doing very well. Not to mention hevea and hevea-wb that he recommended last time. I have sold all my kesm at RM6 + . Now dare not buy back.

Up_down

4,305 posts

Posted by Up_down > 2016-11-30 13:57 | Report Abuse

CharlesT. I went to the broker firm eying on the dashboard during my break time. My eyes almost came out while our KLCI dropped to 250 points. Kena kau kau. Luckily, my capital is small when I was young. What about you?

CharlesT

14,609 posts

Posted by CharlesT > 2016-11-30 14:04 | Report Abuse

1973-1986-1997/1998-2008-201?

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2016-11-30 14:06 | Report Abuse

Charles, do you feel a recession coming, i dont know why, i feel this 2017 year, US going to be a bull and crash in 2018 or 2019 latest.

Up_down

4,305 posts

Posted by Up_down > 2016-11-30 14:06 | Report Abuse

CharlesT. Our former PM Dr. M was shouting to rakyat joining the sinking boat at 700 points. I was being sorchai followed his call too. Finally, KLCI kaboom....sold off all the shares to pay off the loan.

CharlesT

14,609 posts

Posted by CharlesT > 2016-11-30 14:09 | Report Abuse

I remembered that...since then i trusted no politician...u r elder than me bro...

CharlesT

14,609 posts

Posted by CharlesT > 2016-11-30 14:10 | Report Abuse

Jon....nobody knows except cpteh n ttb...better be safe then sorry...u will never know

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 14:18 | Report Abuse

:"(
Everyone believe TTB

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 14:22 | Report Abuse

It is too early to believe TTB
People are just speculating on the Fed rate hike next month
I think everthing will be clear again once the decision is made.

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 14:23 | Report Abuse

Fed rate may increased by another 0.25%
And it may cause another round of impact to klse into 1500 boundary

2016v

310 posts

Posted by 2016v > 2016-11-30 14:23 | Report Abuse

haha
if market crashes, ttb also a loser
his share holdings in roughly less than 40% also kaboom

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 14:29 | Report Abuse

If Fed increase interest rate
Hot money will be taken out from market to pump into safe heaven

Mgician

716 posts

Posted by Mgician > 2016-11-30 15:03 | Report Abuse

TP 0.92 reasonable for me

Mgician

716 posts

Posted by Mgician > 2016-11-30 15:03 | Report Abuse

my own TP ..

Posted by myportfolio > 2016-11-30 15:05 | Report Abuse

Mycron REBOUND . . from 0.81 to 0.88

hklcheng

1,317 posts

Posted by hklcheng > 2016-11-30 15:26 | Report Abuse

wow...1 day gain

Posted by myportfolio > 2016-11-30 15:28 | Report Abuse

heading towards 90's mark sooon

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 15:29 | Report Abuse

Banker wallop all the panic seller

yawcfd

142 posts

Posted by yawcfd > 2016-11-30 15:34 | Report Abuse

Buy in 0.845. Thanks for the panic seller.

bing

3,794 posts

Posted by bing > 2016-11-30 15:46 | Report Abuse

no matter what price you bought, big player didnt care! They want up nor down.

kk123

1,964 posts

Posted by kk123 > 2016-11-30 15:50 | Report Abuse

while talking the stock up as though its a "gem"..the so call "sifu" could also be selling, cutting losses etc

CharlesT

14,609 posts

Posted by CharlesT > 2016-11-30 15:52 | Report Abuse

Kk123, yr YKGI-WB 0.05,dropped more than 70% since yr recommendation in Oct... cut loss oredi ah?

CharlesT

14,609 posts

Posted by CharlesT > 2016-11-30 15:53 | Report Abuse

I would rather u continue to curse people curse stocks in I3 instead of giving holland tips

lala23

152 posts

Posted by lala23 > 2016-11-30 16:07 | Report Abuse

i would rather hear some tips and make my own decision than listen to some badmouthing ppl all the time..

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 16:37 | Report Abuse

Sell sell sell

PlsGiveBonus

3,749 posts

Posted by PlsGiveBonus > 2016-11-30 16:37 | Report Abuse

Fed increase 0.25% interest
It is the end of the world

Posted by Alex Lim Jun Xiong > 2016-11-30 20:40 | Report Abuse

Tomorrow might rebounce, but better don't take the risk.
Fed interest rate increase in 2 weeks time, better keep US$ & stay sidelines.

IBanker

159 posts

Posted by IBanker > 2016-11-30 20:55 | Report Abuse

It's oversold now. Tomorrow will have a strong rebound with the fact that fundamental has not changed.

Posted by kennyil75 > 2016-11-30 21:01 | Report Abuse

I've owned significant amount of mycron shares. Feel uncomfortable looking at the sharp dip of share price. Made a call to mycron's office and talked to the key person. no rumours and fundamental has not changed, prospect remains positive given the China's continuous effort at cutting production and protected by MITI's safeguard. they'll start the sharebuy and keep them as treasury shares to support the price. I expect a strong rebound tomorrow.

Aizai

215 posts

Posted by Aizai > 2016-11-30 21:11 | Report Abuse

Thanks kennyil75.

Aizai

215 posts

Posted by Aizai > 2016-11-30 21:13 | Report Abuse

PE 7.78, pretty low.

Yipman

391 posts

Posted by Yipman > 2016-11-30 21:34 | Report Abuse

how fed interest affect mycron?

Posted by myportfolio > 2016-11-30 23:02 | Report Abuse

great job kennyil75 - very much looking forward to sharebuyback from company. They should not have disposed treasury shares to begin with.. as it only causes more confusions to shareholders. Dunno what the co. executives were thinking ???!?

hewiester

449 posts

Posted by hewiester > 2016-11-30 23:16 | Report Abuse

High interest rates will make USD strong/stronger/strongest and that means, it needs more RM For $1 USD (material pricing are quoted in usd so go fig the rest.... )

But I doubt Fed will raise interest rates. . If they do.. US will face recession! Is just like how they say OPEC deal is most likely not to go thru.. and guess what.. all OPEC members agreed this morning

probability

14,460 posts

Posted by probability > 2016-11-30 23:19 | Report Abuse

shares buyback powerful or major shareholer / director buying shares is more powerful?

Posted by ABCDEFGHIJKLMN > 2016-11-30 23:28 | Report Abuse

Either this guy is living in illusion world or he is an idiot

PlsGiveBonus Fed increase 0.25% interest
It is the end of the world
30/11/2016 16:37

Posted by ABCDEFGHIJKLMN > 2016-11-30 23:31 | Report Abuse

When price up so much, of course sell already. What's wrong if sell to lock in profit was high? Everyone was given chance to sell, no one stop you to sell at high. You decided to wait, then that's your choice, then don't blame anyone.

Posted by ABCDEFGHIJKLMN > 2016-12-01 01:01 | Report Abuse

Tomorrow turnaround?

VenFx

14,784 posts

Posted by VenFx > 2016-12-01 01:08 | Report Abuse

Cut Lost ?
No way, no other way left.
IT'S UP , construction activities will stilmulate steel demand at home & global front .

VenFx

14,784 posts

Posted by VenFx > 2016-12-01 01:41 | Report Abuse

Trump's policies to spend big on the nation's infrastructure and trade protection plans has brought back shine to steel stocks.
https://www.barchart.com/stocks/quotes/AKS#/news/2413468/4-steel-stocks-to-gain-under-president-trump

IBanker

159 posts

Posted by IBanker > 2016-12-01 07:36 | Report Abuse

Thanks VenFx. Panic selling already done last two days especially yesterday. Those who want to sell already sold. Today is the right time to buy mycron at dirt cheap price! Below 90 cents I will sapu!

Muarmali

1,186 posts

Posted by Muarmali > 2016-12-01 09:34 | Report Abuse

waiting for the right window..

Posted by strykerjunior > 2016-12-01 09:43 | Report Abuse

Anyone who has done analysis on the fair valuation of Melewar?

Warn3r

792 posts

Posted by Warn3r > 2016-12-01 10:10 | Report Abuse

Sub-80 cents window closing up soon.

Posted by strykerjunior > 2016-12-01 10:14 | Report Abuse

Mycron is shaking out all the weak holders and then going to have another up leg session..

hewiester

449 posts

Posted by hewiester > 2016-12-01 10:45 | Report Abuse

Cmon Prestar and mycron..

Yipman

391 posts

Posted by Yipman > 2016-12-01 11:17 | Report Abuse

i would switch to cscteel which is more stable and give high dividend in long term.

Ricky Yeo

1,637 posts

Posted by Ricky Yeo > 2016-12-01 11:21 | Report Abuse

There's 2 ways to look at fundamentals: Short term and long term.

If you want to look at short term fundamentals, you have to match the fundamentals and your buy price against market expectation, which to me, is close to impossible to achieve

If you want to look at long term fundamentals, you can go ask people that hold Mycron since 2007, how they just barely breakeven 10 years later.

bing

3,794 posts

Posted by bing > 2016-12-01 11:22 | Report Abuse

Mycron very good! Later after might surge above rm1.20

VenFx

14,784 posts

Posted by VenFx > 2016-12-01 11:23 | Report Abuse

强的 会更强。
CRC iver HRC Spreading still widening, which is positive to CRC manufacturer like Mycron .

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