Posted by YS3535 > 2016-05-27 18:47 | Report Abuse

Regret too early chaoz... Haiz

Posted by ExCFO > 2016-05-27 18:51 | Report Abuse

Result out already tonite. Revenue slightly lower but profit increase in line with all the other steel product company. EPS of 2.36 is better than last quarter. TP should be bw $75c to 90c. Hopefully, the market would upgrade this counter on Monday.

Posted by YS3535 > 2016-05-27 19:39 | Report Abuse

Monday up again 8 sen i thk...

Posted by hairi > 2016-05-27 19:55 | Report Abuse

Eonmetal pattern???

Posted by kt99 > 2016-05-30 09:41 | Report Abuse

no jln... wtf

Posted by Wonder88 > 2016-05-30 11:05 | Report Abuse

Hi Guys
Just share some simple analysis
A)Share price
Price=0.55
EPS 12.2 (trailing 12months)
P/E = 4.5
P/BV=0.45
EV/Ebit=4.7
Earning Yield =23%
above data show the counter is cheap

B)Q3 16 performance
CFFO/Net Income =617%
FCF/Revenue=27%
CROIc=9.6%
improve tremendously in Q3 16

C)Revenue/Net Profit
The increase in Revenue is due to Consolidation of Steel Tube Subsidiary since Q1 16, which did not exist in preceding years corresponding Q

D)Steel shortage
Global steel shortages arising from shutdown n production cut in China. As a results, steel prices up 50% beginning of April 2016 fr twelve month low.

Based on above, the Mycron can be seen as a "Dark Horse", in coming next quarter also.

Disclaimer
This is not a buy or sell call, the author own some Mycron shares at the time of writing

Posted by YS3535 > 2016-05-30 15:34 | Report Abuse

Cheap sales cheap sales... Buy buy buy!!!

Posted by projecti2016 > 2016-05-30 20:24 | Report Abuse

can buy when lower

Posted by YS3535 > 2016-05-31 09:38 | Report Abuse

Already low price lo... Buying power will appear this few day.. Now take chance in stock!

Posted by Wonder88 > 2016-05-31 11:13 | Report Abuse

Comparison steel Companies
Counter Pice EPS BV ROA ROE PE P/BV P/CFFO EV/EBIT EY P/FCF
Emetall 0.62 10.3 0.93 8% 11% 6 0.66 12.5 7.7 13% 9.9
Mycron 0.525 12.2 1.13 6% 11% 4.3 0.46 3.9 4.4 23% 0.4
CSC 1.38 14.6 2.05 7% 7% 9.4 0.67 8.7 3.1 32% 9.0
Arank 0.755 10.5 0.78 8% 14% 7.2 0.97 4.3 12 9% 4

Note :
Most of steel companies such as SSTeel, Masteel, Lsteel, Lionind, Kinsteel EPS (trailing 12 months) is negative or loss

In term of Book Value n P/BV<1.5 (price for each Co)
BooK value P/Book (Rank fr cheapest )
1)CSC Mycron, 0.46
2)Mycron Emetall 0,66
3)Emetall CSC 0.67
4)Arank Arank 0.97

Rank cheapest In term of EV/EBit<8 Remarks
Ev/Ebit
1)CSC 3.1 zero debt company
2)Mycron 4.4
3)Emetall 7.7
4)Arank 12

ROA and ROE about the same except ROE of Arank and CSC is 14% n 7% respectively.

Rank Price/Cash Flow generated Fr Operating per share <10
1)Mycron , 3.9
2)Arank 4.3
3)CSC, 8.7
4)Emetall, 12.5

Based on above financial data, do you think Mycron is a good choice, anyway U decide yourself.

Note
Technically, RM0.55/0.56 is the main resistance, it will further up once it break then will have good return


Disclaimer :
This is not a buy/sell call, just sharing the information.

Posted by YS3535 > 2016-05-31 15:55 | Report Abuse

Appear at morning only...shit!

Posted by kt99 > 2016-06-01 10:21 | Report Abuse

drop like hell

Posted by tressele > 2016-06-06 14:44 | Report Abuse

up like hell too.

Posted by Wonder88 > 2016-06-06 15:38 | Report Abuse

buy at cheap sale period 'untung' like hell

Posted by tressele > 2016-06-06 15:41 | Report Abuse

emetall shoot up. mycron will be next. lets watch.

Posted by Wonder88 > 2016-06-06 16:40 | Report Abuse

mycron different from emetall
around 50% emetall profit from selling machine and equipment whereas around 100% mycron sales revenue depend on steel.

Posted by tressele > 2016-06-06 17:17 | Report Abuse

Market sentiment may not really care about that. If yes, it will be good to mycron since steel price is increasing this week.

Posted by Win168 > 2016-06-09 15:31 | Report Abuse

MYCRON GO ...GO....GO....

Posted by kenz88 > 2016-06-10 16:07 | Report Abuse

why sell?

Posted by Wonder88 > 2016-06-13 12:04 | Report Abuse

mycron, form symmetrical triangle, start fr 6/5,
13/5-hi, 27/5-1st lower hi, 9/6-2nd lower hi
6/5- lo, 25/5- 1st higher lo, 2/6- 2nd higher lo
expect continue up and down til around 2 weeks, to make decision major up or down

Posted by projecti2016 > 2016-06-14 21:44 | Report Abuse

buy and keep.

Posted by kenz88 > 2016-06-17 10:25 | Report Abuse

what direction of mycron now? will going down

Posted by projecti2016 > 2016-06-24 14:51 | Report Abuse

buy buy buy!

Posted by projecti2016 > 2016-06-28 21:50 | Report Abuse

recovery

Posted by projecti2016 > 2016-06-29 22:12 | Report Abuse

walla.

Posted by smartInvestor1 > 2016-06-30 21:27 | Report Abuse

parkson maybulk armada tadmax and mycron. All have the signal up up ?? DOWN and UP 50%:50%

Posted by bull8888 > 2016-07-08 15:11 | Report Abuse

pmetal up all the way

mycron ?
waiting to jump in :D

Posted by Josephine Ong > 2016-07-15 14:42 | Report Abuse

TP 50

Posted by Josephine Ong > 2016-07-15 15:33 | Report Abuse

47! Huat ar!

Posted by projecti2016 > 2016-07-15 16:56 | Report Abuse

50 is only short term goal.

Posted by kenth888 > 2016-07-16 15:59 | Report Abuse

0.57 :D

Posted by Zamry Yahaya > 2016-07-16 19:01 | Report Abuse

technical show buy...
thumb up..

Posted by lostwayinvestor > 2016-07-19 11:47 | Report Abuse

Anyone how the steel price will affect down stream such as mycron? Is the raw material will be increased then affect the gross profit margin?

Posted by lostwayinvestor > 2016-07-19 11:47 | Report Abuse

know how*

Posted by bull8888 > 2016-07-20 08:09 | Report Abuse

hiapteik will lead it to fly to the moon

Posted by bull8888 > 2016-07-20 10:46 | Report Abuse

waiting volume .........

Posted by Kong Ming > 2016-08-01 15:30 | Report Abuse

tomorrow ? hahah

Posted by Kong Ming > 2016-08-02 11:14 | Report Abuse

hahahaha

Posted by bull8888 > 2016-08-02 12:32 | Report Abuse

0.495 havent break down yet...

it might be a temporary rebound...

Posted by bull8888 > 2016-08-04 09:51 | Report Abuse

volume is not enough !!!!!

Posted by charlie82 > 2016-08-04 17:20 | Report Abuse

5087 MYCRON
Last year Melewar Steel Tube (MST) 100% acquisition plus recent external events have enabled Mycron to deliver a turnaround set of financial performance.
Potential catalysts for a higher rating may not necessarily include the following;
1. QR3 YTD EPS already 5.25c, may equate to FY16 EPS 7c or PE6.6 only. Simple conservative target of 70c at PE10 carrying NTA $1.14
2. MST acquisition which was completed on 2/4/15, have since been contributing improved revenue and profits to the group; due to synergistic benefits and cost rationalisations. The acquisition was partly funded via 104.5 million shares issuance at 44c each
3. Earlier authorities announced levies on anti dumping on imported cold rolled coils (CRC) from CN, KR & VN; which is deemed as positive to MST
4. Steel prices rallied in Apr'16 due to shortages from shutdowns and production cuts in CN & rest world due to prolong industry declines.
5. Demand deemed stable from local ETP projects. Would there be any potential follow on demand from KVMRT2 projects?
Good luck 888

Posted by master_tan > 2016-08-04 21:06 | Report Abuse

steel price still uptrend, all steel counter will be benefited from the higher selling price.

Posted by master_tan > 2016-08-05 04:49 | Report Abuse

the coming QR will be flying color

Posted by master_tan > 2016-08-05 08:42 | Report Abuse

Tp for this cunter 0.80

Posted by bull8888 > 2016-08-05 09:52 | Report Abuse

0.8 ?
are you sure

Posted by master_tan > 2016-08-05 14:06 | Report Abuse

keep for next 2 qtr, it should hit the tp0.80

Posted by bigbigboss > 2016-08-05 14:11 | Report Abuse

i believe this counter can fly but need patient

Posted by projecti2016 > 2016-08-05 14:51 | Report Abuse

Not so fast 0.80 la

Posted by 6182al > 2016-08-05 22:25 | Report Abuse

near future maybe .54ct

Posted by bull8888 > 2016-08-05 23:21 | Report Abuse

6182al : you are right :D