Posted by CKNYAM > 2016-12-09 19:57 | Report Abuse

At the moment support price at 0.670, everytime drop to price will rebound. Volume low but someone control the share price easily. Camp at low better

Posted by probability > 2016-12-09 23:03 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/111453.jsp

By Adam Aziz / theedgemarkets.com | December 9, 2016 : 7:18 PM MYT

KUALA LUMPUR (Dec 9): The iron and steel industry should take advantage in the demand for steel products arising from mega infrastructure projects in Malaysia, says International Trade and Industry Deputy Minister Datuk Ahmad Maslan.

He said key developments such as Bandar Malaysia and Silicon Valley will increase demand for local steel, considering the volatile local currency which may affect the price of steel imports.

“The industry needs to look into opportunities from the announcements of so many government projects. The list goes on and on,” he said at a briefing after officiating at the Malaysia Steel Institute Human Resource Day.

Ahmad said the steel sector should also consider increasing production, as the industry is actually capable of fulfilling local steel demand with a surplus for export.

“The current demand for steel in our country is 10 million tonnes per year, with four million tonnes produced locally whereas another six million tonnes are imported. But our production capacity is actually 16 million tonnes per year.”

“The production was previously cut, partly due to under-pricing by China,” he said.

Over the past two years, local steel millers struggled to continue operation amid fluctuating global steel prices and dumping practices by manufacturers in countries like China and Vietnam.

However, safeguard measures taken by the Ministry of International Trade and Industry this year to impose import duty on select steel products, such as Cold Roll Coils (CRC) and reinforced bars have received mixed reaction by the industry players.

Ahmad said the safeguard measures can provide a level playing field for the manufacturers, and it is a step forward to slowly reduce import and go back into local produce.

“Manufacturers have requested for higher (import tax), but we feel the current rate at 13.9% on top of the initial five percent is fair,” Ahmad said, referring to manufacturers of reinforced steel bars.

“These measures will benefit the iron and steel industry as a whole,” he added.

Mycron Steel Bhd, a key manufacturer of CRC products, had previously said that anti-dumping duties imposed on certain international manufacturers “have more pros than cons”, in that these chase speculators and low-quality materials away from the local market.

http://www.theedgemarkets.com/my/article/take-advantage-govt-mega-projects-steel-players-told

Posted by Yipman > 2016-12-09 23:53 | Report Abuse

talk big but don't know when the big infrastructure project get award out. may be hopeless.

Posted by John1234 > 2016-12-10 01:29 | Report Abuse

Good closing at 83 sen, despite a super long weekend.

TA analysis(Nanyang Siang Pau):

http://www.enanyang.my/news/20161209/%e9%ba%a6%e5%85%8b%e4%bc%a6%e9%92%a2%e9%93%81%e4%b8%8a%e6%8c%9192%e4%bb%99/

Mycron's AGM(China Press):

http://www.chinapress.com.my/20161209/%e9%ba%a5%e5%85%8b%e5%80%ab%e9%8b%bc%e9%90%b5%ef%bc%9a%e9%98%bb%e9%81%8f%e6%8a%95%e6%a9%9f%e3%80%80-%e6%a5%ad%e8%80%85%e5%8f%97%e6%83%a0%e6%96%bc%e5%8f%8d%e5%82%be%e9%8a%b7%e6%a2%9d%e4%be%8b/

Posted by moneycashrich > 2016-12-10 17:38 | Report Abuse

Mycron is going up next week. Anybody want to take your profits?

Posted by probability > 2016-12-10 18:30 | Report Abuse

"Ahmad said the steel sector should also consider increasing production, as the industry is actually capable of fulfilling local steel demand with a surplus for export"

If opportunity exist for capture of local market....the revenue of downstream manufacturers should go up first before affecting the midstream players.

Meaning Mycron's CRC consumer sales should go up first....

It all starts with finding a new client first..using existing inventory to sell to them....and then followed by more raw material procurement in a steady basis to satisfy this new recurring demand.

Posted by John1234 > 2016-12-12 10:08 | Report Abuse

Crude oil is up today. Good for ringgit as well as lower imported raw material cost for steel production, denominated in US $.

Posted by John1234 > 2016-12-12 17:39 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/12/12/earnings-up-cycle-seen-for-steel-companies/

Posted by leelc99 > 2016-12-13 09:18 | Report Abuse

Moving up north

Posted by hklcheng > 2016-12-13 09:20 | Report Abuse

wow...nice profit

Posted by leelc99 > 2016-12-13 10:50 | Report Abuse

lol mycron no more sound already.... i rmb last month only super noisy here all talking how high the sky mycron can fly.

Posted by hklcheng > 2016-12-13 16:05 | Report Abuse

look strong

Posted by Dhuhaboy > 2016-12-14 09:27 | Report Abuse

All sifu have their own view. As long as they can make money in stock market. I respect them all. Cheers.

Posted by IamGoogle > 2016-12-14 11:29 | Report Abuse

Very strong rebound

Posted by IamGoogle > 2016-12-14 11:31 | Report Abuse

Can not understand what he is trying to say

leelc99 lol mycron no more sound already.... i rmb last month only super noisy here all talking how high the sky mycron can fly.
13/12/2016 10:50

Posted by leelc99 > 2016-12-14 11:38 | Report Abuse

must be real dumb

Posted by John1234 > 2016-12-14 11:39 | Report Abuse

Mycron is leading steel counters higher in a quiet mkt this morning.

Posted by Nigel Low > 2016-12-14 12:39 | Report Abuse

Got in at 0.74 due to oversold, still holding. Happy to buy in at attractive price.

Posted by musangfoxking > 2016-12-14 14:25 | Report Abuse

looks like u r smarter than ikwan85!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by Remisier > 2016-12-14 14:39 | Report Abuse

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. Even the CRC price is high but Mycron not able to deliver good quarter result. The recent price hike should due to speculation. Reminder to don't chase high, else you will regret.

Posted by abang_misai > 2016-12-14 14:47 | Report Abuse

Up up all the way

http://klse.i3investor.com/blogs/buddy_invest/111527.jsp

Posted by ayamtuaa > 2016-12-14 14:52 | Report Abuse

TP >1.00

Posted by Ktesen Kean Teong Ng > 2016-12-14 15:12 | Report Abuse

Party is over for short term, can take profit d

Posted by Remisier > 2016-12-14 15:36 | Report Abuse

Avoid Mycron, for me this is just speculation. Better go buy Ekovest and Gamuda WE

Posted by IamGoogle > 2016-12-14 16:08 | Report Abuse

Congrats to those who bought below RM0.80, but not sure how much room for price can continue to go up.

Posted by IamGoogle > 2016-12-14 16:09 | Report Abuse

I waited at RM0.68, so no chance to collect, seeing the bird flying already

Posted by bing > 2016-12-14 16:12 |

Post removed.Why?

Posted by bing > 2016-12-14 17:01 | Report Abuse

真的是自认了？不然别太在意呀！

Posted by Noobies90 > 2016-12-14 17:06 | Report Abuse

Hold tight. Will fly another round

Posted by hewiester > 2016-12-14 17:45 | Report Abuse

OTB followers will be throwing up today.. seeing how much it has risen when his old fart says to sell at 0.84 :)

Posted by JackMa123 > 2016-12-14 19:59 | Report Abuse

TP rm1.30

Posted by Jack888 > 2016-12-15 08:52 | Report Abuse

美聯儲一如預期將利率上調25個基點 ,道瓊工業指數收低0.6%，標普500指數收跌0.81%，納斯達克指數下滑0.5% .

Posted by moneycashrich > 2016-12-15 22:49 | Report Abuse

Overbought. Time to take profit. Go on holidays.

Posted by bing > 2016-12-16 11:09 | Report Abuse

hey...whats wrong?! rsi now is 50... later rsi jumping to 90 you baru tau too earlier holiday!

Posted by John1234 > 2016-12-16 11:39 | Report Abuse

Who says "trapped at 95 sen"? Now, operator gives you a chance to sell at 95.5 sen, while stocks last.

In a quiet mkt, operator is king.

Posted by buddyinvest > 2016-12-16 12:14 | Report Abuse

Those cut loss at 0.84 will realise their mistakes.

Posted by VenFx > 2016-12-16 12:17 |

Post removed.Why?

Posted by 6044 > 2016-12-16 13:17 | Report Abuse

Today is Friday and next week lots of people/fund managers will be on festive holiday...be careful and profit taking has been done this week as everyday going up and who is pushing it up,retailers selling mode since last week, foreign buyers what you think ? Dow Jones time to consolidate downwards once it hit or near to 20,000 points, Trumps era is approaching Jan 2017 and all uncertainties, i think Malaysia market wont go far at time being, what say u ?

Posted by John1234 > 2016-12-16 14:41 | Report Abuse

Is this a Trump rally or early CNY rally on steel counters? Nobody can tell precisely, except the operator.

Usually, operator likes to strike when we least expect it. Let's see how it goes.

Posted by Nigel Low > 2016-12-16 17:11 | Report Abuse

Not going to be greedy, sold my portion at 0.940.

Posted by Simple man > 2016-12-18 16:15 | Report Abuse

KKY is buying this also...! be careful don't trap again..! Ha

[quoted]
The Mycron price chart shows the pivoting or turning point from down to up trend was 81sen on 7th or 8th Dec. It started dropping from Rm 1.16 per share. The high and low difference is Rm 1.16 – 81 sen = 35 sen. I started to buy it at 81 sen hoping that it will recover to Rm 1.16 a gain of 35 divided by 81 = 43%.
The last closing price on 16th Dec was 94 sen, a gain of 13 sen. I have to decide when I should start selling to make profit.
[unquoted]

Posted by bing > 2016-12-19 10:08 | Report Abuse

Really cant be deny prestar rsi ady 75 still can up, but mycron rsi only 48 ady slow move. Thats why people said prestar better than mycron.

Posted by hagar > 2016-12-19 10:26 | Report Abuse

Yep Simple man. You are right. So many people have fallen to KYY's trap. Last week KYY posted in his blog that he is picking up Gadang at the lowest abt 2 wks ago. After the qtr results in Oct he condemn the share to sell. . Another trap

Posted by hklcheng > 2016-12-19 11:05 | Report Abuse

wow...strong up again...

Posted by hklcheng > 2016-12-19 11:06 | Report Abuse

no block at all....sure break 1.00

Posted by probability > 2016-12-19 15:47 | Report Abuse

mycron is crazy

Posted by ilovehits > 2016-12-20 09:16 | Report Abuse

Take a look at TECGUAN. Forward p/e ratio only 3.7. Now just 2.50, can up to 4.00. 70% potential upside. Result will release in this week.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7439
http://klse.i3investor.com/blogs/genzinvestor/112011.jsp

Posted by klsenovice > 2016-12-20 09:18 | Report Abuse

Mycron up up up.

Posted by HuatAh88 > 2016-12-20 10:45 | Report Abuse

If it retrace better run, it will form head & shoulder, to avoid get trap

Posted by 1n1792 > 2016-12-20 15:39 | Report Abuse

Ibanker
Thanks for advice on Mycron... I bought when it went down and now its back to 1.00... selling for profit now.
I also added more on JHM