Posted by ABCDEFGHIJKLMN > 2016-12-02 00:08 | Report Abuse

After all, no one will doubt on the articles written by WealthWizard, it's the matter Accuracy of estimation Vs actual figures. Overall, Mycron has performed really well in business.

I have no idea why WealthWizard never recommended YKGI & EonMetal but only Mycron & CSC Steel, but the latest results have proved it all. Well done, WealthWizard.

Posted by ABCDEFGHIJKLMN > 2016-12-02 00:12 | Report Abuse

It's not something pump & dump cases like those recommended by the famous Calvin Tan. Calvin Tan blow so hard on Masteel & kept shouting others to abandon CRC producers Mycron & CSC Steel.

Finally, Masteel proved its high profits in previous 2 quarters was purely wind fall money due to surge of steel price, nothing has changed in business, still struggle like hell.

Posted by Silentprofit > 2016-12-02 00:14 | Report Abuse

mycron growing company.surely have bright future

Posted by probability > 2016-12-02 00:31 | Report Abuse

WealthWizard is still a genius.. he had provided very valuable information. Only those who have really understood his publishing knows how to fully benefit from his articles...

Posted by PlsGiveBonus > 2016-12-02 01:10 | Report Abuse

Mycron is full with syndicate
Once the syndicate dump it, everyone else get trapped inside
:)

Posted by alvinchiam > 2016-12-02 07:57 | Report Abuse

buy

Posted by Muarmali > 2016-12-02 10:25 | Report Abuse

no syndicate no fun. dead water.

Posted by bing > 2016-12-02 10:59 | Report Abuse

Good morning! Hopes a Good Friday!

Posted by Hunter2016 > 2016-12-02 11:11 | Report Abuse

5th wave has been completed, now awaiting the killer wave C

Posted by ahdi > 2016-12-02 15:10 | Report Abuse

should cut ?

Posted by LA777 > 2016-12-02 15:58 | Report Abuse

Waterfall...

Posted by PlsGiveBonus > 2016-12-02 16:41 | Report Abuse

Wait first
:)
Let trader play

Posted by MySearching > 2016-12-02 22:24 | Report Abuse

Haha.. switch to Prestar as expect more EPS for return then here

Posted by probability > 2016-12-03 12:30 | Report Abuse

If one studies Mycron's latest quarterly results, one would know that their Steel Tube segment margin had significantly improved compared to their quarter ending 31March 2016 albeit marginally lower than the preceding qtr performance. This is purely due to Imported HRC and the rise in Steel Tubes pricing accordingly.

The Steel Tubes produced by Prestar are of similar specification to Mycron unlike Choo Bee's which are not suited to high end petrochemical or process plant applications

Posted by stockraider > 2016-12-03 13:54 | Report Abuse

Raider says....the demand oil & gas pipe nowadays no good mah...!!
It is demand for water and building material type is on demand mah....!! The choobee & annjoo type loh....!!

Posted by 10bagger10 > 2016-12-03 14:12 | Report Abuse

Stockraider sifu,
Export stock still can buy ma..?

Posted by stockraider > 2016-12-03 14:21 | Report Abuse

Export is current 1st choice investment loh....!!
The way msia going....we have no choice but export more, these will be helped by weak Rm mah....!!

Posted by Ven Felix > 2016-12-03 16:01 | Report Abuse

OMG !
Spread margin from HRC - CRC is now = RMB 1146

Posted by RUOutOfUrMind > 2016-12-03 16:16 | Report Abuse

Problem is you can't charge CRC as high as those in China, but you have to pay HRC as high as those in China

Posted by probability > 2016-12-03 16:29 | Report Abuse

RuOut, you are getting the picture correctly.

Mycron's CRC segment gross margin on latest qtr had reduced by 35% compared to the immediate preceding qtr. Whereas for the Steel tube segment the reduction was only 15%.

But the current Steel Tube segment margin is 65% more than the quarter ending 31March 2016.

The steel tube segment is where the money generation power is currently..

Posted by RUOutOfUrMind > Dec 3, 2016 04:16 PM | Report Abuse

Problem is you can't charge CRC as high as those in China, but you have to pay HRC as high as those in China

Posted by VenFx > 2016-12-03 18:31 | Report Abuse

Eventually, the gap will be filling up :)

Posted by probability > 2016-12-03 18:34 | Report Abuse

True also...just that we dont know how fast...i predict it wont take more than a qtr!

Posted by VenFx > Dec 3, 2016 06:31 PM | Report Abuse

Eventually, the gap will be filling up :)

Posted by VenFx > 2016-12-04 01:24 | Report Abuse

In general, domestically CRC will go up in tandemly with China global CRC steel price.
Mycron's customers might had fill up their store with crc raw materials.
Usually, restocking will repeat for every 2-3 months depend on their orders and store space.

Pay little bit of time, surely crc price will surge by next restocking activities.

Posted by Warn3r > 2016-12-05 15:12 | Report Abuse

Another round of sell-off... Sigh.

Posted by lkwah86 > 2016-12-05 15:43 | Report Abuse

oversold...

Posted by tikouh > 2016-12-05 16:03 | Report Abuse

Probability, stop hard selling Prestar in Mycron's page.

Posted by probability > 2016-12-05 16:07 | Report Abuse

Ok...will do it Prestar's page.
Please check out Prestar's page...;)

Posted by probability > 2016-12-05 16:12 | Report Abuse

One final last message:

Posted by probability > Dec 5, 2016 04:11 PM | Report Abuse X

TOTAL 16 MACHINES (RAWANG X9, KLANG X7) - 294,000 MT/YEAR

Imagine even if it operates at bloody HALF of the capacity - 50% discount, with an absolute margin of just RM 200 per ton, gross profit already hit 30 Million. This already translate to EPS of 13 cents! PE10 already 1.30...

And note that above is ONLY for the POSCO - MKPC Sdn Bhd placed at Klang & Rawang.

(Furthermore the above are tailored made end products which demands a better margin unlike commodity lie Rolling process in mycron or cscsteel)



...and WTF!, We have not even considered the highly profitable STEEL TUBE Tube segment below:

Prestar Steel Pipes Sdn Bhd,
Prestar Precision Tube Sdn Bhd,

(Note Mycron is currently having Margin of more than RM 550 per ton - latest quarter).

Posted by probability > 2016-12-05 16:16 | Report Abuse

sorry i missed the link:

http://www.prestar.com.my/bizActivities/steelUnit_posmmit_facilities.asp

Posted by bing > 2016-12-05 17:59 | Report Abuse

no need to say sorry as long as you like it.

Posted by probability > 2016-12-05 19:53 | Report Abuse

i am not simply promoting ma... i am providing with all the facts...

instead of blocking me wouldnt it better to seek clarification on anything that is not clear?

its better to challenge & face the facts now than later.

Posted by IamGoogle > 2016-12-05 20:02 | Report Abuse

Even though you are telling the facts of Honda

Posted by IamGoogle > 2016-12-05 20:03 | Report Abuse

No one in Toyota showroom like seeing someone else selling Honda, right?

Posted by probability > 2016-12-05 20:09 | Report Abuse

Ok the Toyota seller wouldn't like it but the Toyota potential customer will...

hmm..yup..but since the forum is defined as the showroom of Toyota...i guess you are right IamGoogle..i shall refrain :(


Posted by IamGoogle > Dec 5, 2016 08:03 PM | Report Abuse

No one in Toyota showroom like seeing someone else selling Honda, right?

Posted by Jon Choivo > 2016-12-05 20:09 | Report Abuse

The salesmen wont like it, but the car buyer will. Its about getting the best car for the best deal after all =)

Posted by probability > 2016-12-05 20:11 | Report Abuse

ha ha..same thinking Jon Choivo! ;)

Posted by Jon Choivo > Dec 5, 2016 08:09 PM | Report Abuse

The salesmen wont like it, but the car buyer will. Its about getting the best car for the best deal after all =)

Posted by hklcheng > 2016-12-06 10:23 | Report Abuse

82 buy...

Posted by wlan0 > 2016-12-06 15:32 | Report Abuse

81c, so pity to those who still faith in mycron.

Posted by Undercover > 2016-12-06 16:20 | Report Abuse

Looks like mycron is being intentionally pressed down to collect low

Posted by GOD_OF_KLSE > 2016-12-06 16:41 | Report Abuse

DIE .... I BOUGHT 1.05 .... CRYING

Posted by moneycashrich > 2016-12-06 16:42 | Report Abuse

everything including this stock is in a state of motion......

Posted by moneycashrich > 2016-12-06 16:44 | Report Abuse

where are the experts gone.....grand theory only but no reality.

Posted by Ramada > 2016-12-06 16:45 | Report Abuse

Looks attractive but nobody want to buy. It up too much, in addition current market sentiment no good.

Posted by Ramada > 2016-12-06 16:49 | Report Abuse

They are really experts, sold before result has released. Just small potatoes still have faith in mycron, so pity.

Posted by asiv92 > 2016-12-06 16:53 | Report Abuse

ahaih it wouldn't have been this bad if melewar posted negative quarter...

Posted by asiv92 > 2016-12-06 16:53 | Report Abuse

had not posted*

Posted by Ven Felix > 2016-12-06 17:40 | Report Abuse

Real bad shape now.

Posted by bee881 > 2016-12-06 17:45 | Report Abuse

My friend lost heavily follow si fu buy call....bought RM1.1....sold RM0.79 today.
Si fu din do homework?

Posted by faithful > 2016-12-06 17:52 | Report Abuse

can't keep for long term?..maybe there is another rebound for steel counters...this co is making money

Posted by Yipman > 2016-12-06 17:54 | Report Abuse

one thing sifu never teach u. cut loss at present and go in lower price at 0.60.