MYCRON STEEL BHD

KLSE (MYR): MYCRON (5087)

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Last Price

0.375

Today's Change

+0.005 (1.35%)

Day's Change

0.365 - 0.375

Trading Volume

63,100


3 people like this.

3,790 comment(s). Last comment by TheContrarian 1 month ago

BursaKakis

401 posts

Posted by BursaKakis > 2017-10-12 09:19 | Report Abuse

Mycron to benefit from the new anti-dumping duties imposed on cold-rolled stainless steel imports from China, South Korea, Taiwan & Thailand.

Posted by 真有钱 ^_^ > 2017-10-12 16:18 | Report Abuse

Myron not bad ya, pls keep going up minimum 1.00 ya.
hahaha ... .

tokohM

432 posts

Posted by tokohM > 2017-10-12 16:58 | Report Abuse

but cannot up one, cscsteel also don't move up

JayC

1,302 posts

Posted by JayC > 2017-10-12 17:17 | Report Abuse

duty is for cold roll stainless steel and not Cold roll Coils

there is a difference

Posted by 真有钱 ^_^ > 2017-10-12 17:43 | Report Abuse

I think is same, just profit taken in this short moment.
Will keep going up tomorrow.
Cold rolled coils price will improved end of this month.

Traderx

173 posts

Posted by Traderx > 2017-10-17 18:41 | Report Abuse

no show this few days for Mycron, big shark not coming in.

tokohM

432 posts

Posted by tokohM > 2017-10-20 12:32 | Report Abuse

what happened to CRC companies?

Tjaifc

135 posts

Posted by Tjaifc > 2017-10-20 14:18 | Report Abuse

markets is bad...klci dropping..just hold steel counters coming back..

tokohM

432 posts

Posted by tokohM > 2017-10-20 16:18 | Report Abuse

but Lionind, annjoo, ssteel and masteel only doing good

IANFUJI

277 posts

Posted by IANFUJI > 2017-10-20 21:04 | Report Abuse

Mycron should go up to 1.0 soonest after yoyo up down for few weeks.

ilovehits

3,955 posts

Posted by ilovehits > 2017-10-25 15:10 | Report Abuse

Melewar empty already. Maybe this is a reason they need rights issue.

Tjaifc

135 posts

Posted by Tjaifc > 2017-10-25 19:03 | Report Abuse

hope melewar dont drag mycron into their mess...

IANFUJI

277 posts

Posted by IANFUJI > 2017-10-26 13:50 | Report Abuse

Wait for next news to fly.

bleuerouge

3,221 posts

Posted by bleuerouge > 2017-10-30 14:27 | Report Abuse

hello mycron...

bleuerouge

3,221 posts

Posted by bleuerouge > 2017-10-31 10:27 | Report Abuse

say hello yesterday and today up..;-)...nice

andr

455 posts

Posted by andr > 2017-10-31 14:11 | Report Abuse

To show you my support, i am in for TP1 @ RM1

Posted by kiasu_trader > 2017-11-02 11:07 | Report Abuse

so cheap no body buy? LOL

paktua73

18,259 posts

Posted by paktua73 > 2017-11-02 16:09 |

Post removed.Why?

paktua73

18,259 posts

Posted by paktua73 > 2017-11-02 16:28 |

Post removed.Why?

fujiapple

240 posts

Posted by fujiapple > 2017-11-04 22:26 | Report Abuse

Circular to Shareholders dated 31 October 2017 in relation to : Part A - Proposed Renewal of Share Buy-Back Authority Part B - Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of Financial Assistance - Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

Snoopy仔

134 posts

Posted by Snoopy仔 > 2017-11-06 15:25 | Report Abuse

when this one follow steel trend as well? this laggard~~~

STC1136

977 posts

Posted by STC1136 > 2017-11-06 18:54 | Report Abuse

The laggard always has reason behind :

1. will Mycron has same cases happen like Melewar, there are actually same management. This is big worry part.
2. Poor management in financial control. High cash position do not want to issue dividends but do right issue, try to scare away the invester?
I believe if there is no right issue news, Mycron can stand above RM0.90.

Maybe Mycron will start fly when they have completed right issue.

Snoopy仔

134 posts

Posted by Snoopy仔 > 2017-11-08 10:19 | Report Abuse

Yes. that is the problem. I believe the management is selfish. Want to scare away the investor, continue collect tickets before fly. Wait laggard to wake up only. This level is safe zone to collect some.

bleuerouge

3,221 posts

Posted by bleuerouge > 2017-11-12 21:55 | Report Abuse

74-75c has been a strong support level for the past 1 year and now at the same point of convergence. Lets pay attention to breakout signal these few days.

lingling66

406 posts

Posted by lingling66 > 2017-11-13 15:27 | Report Abuse

month end will hit 0.80..sabar sabar..

sbg3106

359 posts

Posted by sbg3106 > 2017-11-14 20:51 | Report Abuse

I already want to half die

IANFUJI

277 posts

Posted by IANFUJI > 2017-11-14 23:22 | Report Abuse

What happened suddenly drop?

sbg3106

359 posts

Posted by sbg3106 > 2017-11-16 20:55 | Report Abuse

Woot2, so you are bullish on mycron?

Woot2

306 posts

Posted by Woot2 > 2017-11-17 10:08 | Report Abuse

depends on their qr next week

angsp

134 posts

Posted by angsp > 2017-11-21 15:35 | Report Abuse

From RM1 drop till Rm 0.68.

Babubilbo

36 posts

Posted by Babubilbo > 2017-11-27 10:06 | Report Abuse

kaunter taikk!!!

tokohM

432 posts

Posted by tokohM > 2017-11-27 12:04 | Report Abuse

better cut loss. I lose big in this counter. cscsteel also QTR so badly affected. mycron also won't have good day

shpg22

2,984 posts

Posted by shpg22 > 2017-11-27 18:43 | Report Abuse

On paper Mycron financial is excellent. Double digit growth on both top & bottomline. Balance sheet & FCF is also healthy. But never gave a single cent dividend since 2010. Some more asking for rights issue. P/E is at its lowest level 5.7x. Something is not right here.

KLCI King

3,220 posts

Posted by KLCI King > 2017-11-28 17:56 | Report Abuse

i wonder if the guy below know how to read reports or not, he is talking something else from MARS

shpg22 On paper Mycron financial is excellent. Double digit growth on both top & bottomline. Balance sheet & FCF is also healthy. But never gave a single cent dividend since 2010. Some more asking for rights issue. P/E is at its lowest level 5.7x. Something is not right here.
27/11/2017 18:43

KLCI King

3,220 posts

Posted by KLCI King > 2017-11-28 17:57 | Report Abuse

Both bottom & top lines drops on both YoY & QoQ basis, what on earth he said "Double digit growth on both top & bottomline", WHAT A JOKE!!!

able

96 posts

Posted by able > 2017-11-28 20:57 | Report Abuse

hopeless company

Posted by Abdul Rahman Abdullah > 2017-11-29 11:35 | Report Abuse

Stupid counter. i lost a lot here

hklcheng

1,317 posts

Posted by hklcheng > 2017-11-29 11:51 | Report Abuse

RIP....

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2017-11-29 11:52 | Report Abuse

lost how much?

shpg22

2,984 posts

Posted by shpg22 > 2017-11-29 13:20 | Report Abuse

FY15 / FY16 / FY17 (revenue RM,000) = 518,343 / 566,810 / 726,196
FY15 / FY16 / FY17 (net profit RM,000) = 17,822 / 24,178 / 33,899

STC1136

977 posts

Posted by STC1136 > 2017-11-29 19:06 | Report Abuse

Company paper profit deliver fair result, consider as a good fundamental company, but management "too" stingy, 7 years no dividends and right issue make them more worse.

Look at it like a china company all cash rich(unable to verified always) but no dividend & plan right issue.

Unless they declare "handsome" dividends", call off the right issue, then only can attract investers.

hklcheng

1,317 posts

Posted by hklcheng > 2017-11-30 18:28 | Report Abuse

how about the sister company?

VenFx

14,784 posts

Posted by VenFx > 2017-11-30 18:43 |

Post removed.Why?

mamatede

3,950 posts

Posted by mamatede > 2017-12-03 14:09 | Report Abuse

Wait until approaching 0.4 then consider again to enter or not la... basic investing skill.

IANFUJI

277 posts

Posted by IANFUJI > 2017-12-04 09:57 | Report Abuse

Flushing out process... Then, they collect back with lower price... Today should collecting peocess start..

angsp

134 posts

Posted by angsp > 2017-12-05 09:46 | Report Abuse

what happen?

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 09:50 | Report Abuse

Sell

todays

7 posts

Posted by todays > 2017-12-05 10:10 | Report Abuse

hike in natural gas 22.9% will impact the cost of manufacturing in iron and steel industry. But it looks like oversold position now

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