Posted by moneySIFU > 2016-09-06 11:56 | Report Abuse

OMG... it is coming

Posted by Kong Ming > 2016-09-06 12:02 | Report Abuse

NO TP !!!!

Posted by Chelsea > 2016-09-06 13:09 | Report Abuse

As per mentioned on yest, rm1.20 will be target price. Still got room for upside. Grab before late.

Posted by moneySIFU > 2016-09-06 13:43 | Report Abuse

Even put a discount of 20 percent over profit projection, with forward PE 5 times, the fair share price for mycron will be RM0.895, still far from current price of RM0.695, very deep undervalued, the short term upside potential represent HUGE 29 percent to go!!!

http://klse.i3investor.com/blogs/wealth123/103812.jsp

Posted by PitBulL > 2016-09-06 13:53 | Report Abuse

Dear moneySIFU, thanks for your info.

Posted by Mgician > 2016-09-06 14:53 | Report Abuse

oh no ...

Posted by murali > 2016-09-06 16:54 | Report Abuse

Champion today :YKGI-WB while second place goes to Mycron

Posted by murali > 2016-09-06 16:55 | Report Abuse

Who will be the champion tmr? My vote goes to the same....lol

Posted by moneySIFU > 2016-09-06 16:56 | Report Abuse

Haha, another good day, murali.

Missed out that YKGI warrant, but think you should earn a lot there, congratulation!

Posted by murali > 2016-09-06 16:58 | Report Abuse

Sama-sama happy lah Bro

Posted by Up_down > 2016-09-06 17:00 | Report Abuse

Not many want to buy (or dump) at 44 cents last week even after the announcement of good QR. People are chasing even the price hit 70 cents now. This is the beauty of stock market. Wakaka

Posted by murali > 2016-09-06 17:02 | Report Abuse

lol...fear vs greed

Posted by probability > 2016-09-06 17:03 | Report Abuse

becoz the prove is on the pudding....
i like the volume today.

Posted by Max Yong > 2016-09-06 17:52 | Report Abuse

I dont think Mycron still can up 10 cents tomorrow.

Posted by Up_down > 2016-09-06 17:58 | Report Abuse

The urge of undervalued is emerged only after the share price has gone up. It's really lucky to earn 50 percent profit in 2 days. congrate!

Posted by moneySIFU > 2016-09-06 18:38 | Report Abuse

Agreed, Up_down, I started buying Mycron after reading CSCSteel & YGKI 30/6/2016 QR, if both of them had done great, no reason not for Mycron.

When I read the result, I feel so excited that night. I thought price would go up next day, but it went down instead, due to impairment loss of 8m & previous year's gain 16m gain on acquisition of subsidiary.

It made the result looked very ugly, haha.

If removed the 2 one-off items, the result was even better than CSCSteel in term of margin & ratio, except the increase in revenue, though i didn't know why.

I had kept buying Mycron everyday since then, so I am very happy now :)

Posted by moneySIFU > 2016-09-06 18:45 | Report Abuse

The impairment loss is now provided on yearly basis in 4th Q, after receiving the assessment report from a professional firm.

It was provided RM3.46m in 2015 & RM6.35, it is similar nature to depreciation, but is to be assessed on yearly basis.

For details of impairment measurement basis, please read Notes 2(d)(i) to Audited Account of Mycron (Page 71).
http://cdn1.i3investor.com/my/files/dfgs88n/2015/11/06/1483789631--639706738.pdf

Posted by moneySIFU > 2016-09-06 18:49 | Report Abuse

But this accounting standard is totally nut to me, kind of terrible set.

Loss = charged to Income Statement
Surplus = transferred to Statement of equity

When make money, never show in Income Statement but only increase NTA, share price will not move because of increase in NTA.

When loss, quickly charged to income statement, make profit figure ugly, outcome? Share price drop, hehe

Posted by Leong Tan > 2016-09-06 23:32 | Report Abuse

based on the report it show, TP should be RM1.2. really bo?

Posted by moneySIFU > 2016-09-06 23:39 | Report Abuse

Hi Leong Tan, TP in report is RM1.12. However, whatever TP, most important your own one. Happy invest... :)

Posted by Ying Qian Lim > 2016-09-07 06:21 | Report Abuse

TP for today:90sen

Posted by Albukhary > 2016-09-07 08:36 | Report Abuse

Today is MYCRON and PRESTAR show again.

Posted by Anakku > 2016-09-07 09:13 | Report Abuse

Can buy?

Posted by wealthwizard > 2016-09-07 09:24 | Report Abuse

If today can maintain up trend, the consolidation will be ranged between RM0.80-RM0.90, or else will be 0.7-0.80.

Chance to get 1.00 is multi times higher than going back to 0.65, so just try to figure out the risk-reward at your own calculation.

Posted by YS3535 > 2016-09-07 11:13 | Report Abuse

International steel price up today...? Where can get info for that?

Posted by Leong Tan > 2016-09-07 12:12 | Report Abuse

Noted. Thanks MoneySIFU.

Posted by bigbigboss > 2016-09-07 12:22 | Report Abuse

Will retracement soon before shoot up again

Posted by smartrader2020 > 2016-09-07 12:55 | Report Abuse

You guys may be interested to see this link.

http://klse.i3investor.com/blogs/discoverychannel/103956.jsp

Posted by pang72 > 2016-09-07 12:57 | Report Abuse

WJY, please buy ....

Posted by pang72 > 2016-09-07 12:57 | Report Abuse

My profit always depend on you to push up

Posted by moneycashrich > 2016-09-07 13:15 | Report Abuse

I have sold already. I have buy at high price and sold this morning at profit. If sold now, will be loss. I will not wait to lose. If you enter low price, different story. Happy Trading.

Posted by moneySIFU > 2016-09-07 16:57 | Report Abuse

Ha, even more happy in morning, but still happy at the end of the day ....

Posted by sengkee > 2016-09-07 16:58 | Report Abuse

This one perform better than Prestar

Posted by absolutelk > 2016-09-07 16:59 | Report Abuse

FY 16/17 1st quarter earning high profit

Posted by absolutelk > 2016-09-07 16:59 | Report Abuse

no worries guys

Posted by moneySIFU > 2016-09-07 17:15 | Report Abuse

Today continue buying.... yesterday also bought.....

Posted by faithful > 2016-09-07 17:30 | Report Abuse

at 70 sen still can buy?

Posted by probability > 2016-09-07 17:49 | Report Abuse

inventory valued with old pricing already cover 50 percent of its mcap

Posted by DavePower > 2016-09-07 18:52 | Report Abuse

those chased above 70 sen, good luck to u. made my timely switch to AISB! phewww

Posted by sengkee > 2016-09-07 19:10 | Report Abuse

Too high.but still can go up if they want

Posted by murali > 2016-09-07 20:57 | Report Abuse

Today's champion in steel:ykgi-wb again..but from belakang.....dont b champion from belakang again on tmr....

Posted by rchi > 2016-09-07 21:43 | Report Abuse

Anti dumping duties start end of may 2016 for 5 yrs.Next qtr results due end nov will see huge increase in profit.The show just started.

Posted by mamatede > 2016-09-07 21:44 | Report Abuse

owh this dizzying heights... i will stand at the sideline to watch.. those that win later congratz, those that lose, don give up...

Posted by rchi > 2016-09-07 21:49 | Report Abuse

When airasia rose to 1.6 frm 80 sen,many said it was high too...n now.?

Posted by moneySIFU > 2016-09-07 23:30 | Report Abuse

I truly agreed with what probability said, the recent increase in price is merely balancing market act, not really in appreciating the potential of the company.

All prices increased with mostly similar pattern, no exceptional:

1. recognised & appreciated by market => UP
2. purchasing power run out at this stage & many stay away to see if this level of price is sustainable or not => STAY
3. contra or short term players leave because taking profits or think that price will not up in near future => DOWN
4. if the previous increase is not justifiable by whatever mean, purely goreng => FURTHER DOWN
5. If market digested the previous up & more good news or solid results start to kick in =>FURTHER UP UP UP!!!!

Posted by moneySIFU > 2016-09-07 23:32 | Report Abuse

I learn my lesson in Airasia by not calculating all figures, keep disturbed by personal emotion, so missed the major second part of wave.

Bought 1.30+ & sold 1.79..... never calculated & quickly lock in profit, what a waste... :(

Posted by moneySIFU > 2016-09-07 23:34 | Report Abuse

As such, result is KING in stock market, nothing else.

Fake news will burst one day somehow, but solid results will make share price stay & going up further.

Posted by probability > 2016-09-07 23:37 | Report Abuse

exactly moneySIFU...

i have seen that on Liihen when i bought at 2.69 a number of days after the results were out. It takes a lot of time for the results' effects to get digested and materialize...

Posted by moneySIFU > 2016-09-07 23:39 | Report Abuse

The price increased in Airasia were supported by the good sets results continuously for few quarters, so the price keep going up.

Posted by moneySIFU > 2016-09-07 23:39 | Report Abuse

True, probablity