MYCRON STEEL BHD

KLSE (MYR): MYCRON (5087)

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Last Price

0.36

Today's Change

+0.005 (1.41%)

Day's Change

0.355 - 0.36

Trading Volume

25,000


3 people like this.

3,807 comment(s). Last comment by CT888 2024-08-29 18:46

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-07 23:43 | Report Abuse

Market expectation is now so high now that the result must be justified with the movement of price, if the drop in revenue/result is operational matter, then people will quickly suspect more worse will come. No chance will be given.

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-07 23:46 | Report Abuse

If results keep going up like gadang & airasia, price will also keep going up.

Look at Lii Hen, surprisingly good result in 31/3/2016, price shoot up from RM2.50+ to RM3.40. When the result of 30/6/2016 not as good as expected, price drop back from RM3.40 to now RM3.00++

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-07 23:47 | Report Abuse

If next QR of lii hen deliver good result again, fly again.
If next QR bad result, ha, RM2.50 is possible, I think.

Result is everything.

enning22

2,933 posts

Posted by enning22 > 2016-09-08 10:50 | Report Abuse

the raw fact is , iron/steel industry was destroy by Chinese massive over production ,and then dumping of steel in the world market . Recently this appeared to have receded. Look like iron and steel industry could have come alive again.

Chelsea

223 posts

Posted by Chelsea > 2016-09-08 11:16 | Report Abuse

Warning. Selling power exceed buying power. Yesterday form inverted hammer signal weak buying power. Will buy back at 60sen below. Take profit

Chelsea

223 posts

Posted by Chelsea > 2016-09-08 11:17 | Report Abuse

Faster run and take profit. U can buy at lower. Fundamental still remain intact

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-08 11:24 | Report Abuse

Better drop, so can collect more....

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-08 11:26 | Report Abuse

Bye, chelsea

Chelsea

223 posts

Posted by Chelsea > 2016-09-08 11:34 | Report Abuse

Hi moneysifu, i just saw the heavy selling at 0.695 will finnaly throw at lower price if not buyer at that stage. Stay sideline wait part 3 and buy at lower. Wait the dust cleared until t4. Hehe

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-08 11:48 | Report Abuse

haha, got it.

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-08 11:52 | Report Abuse

I used to trying to time market, end up mostly all wrong. So now I will buy on daily basis, down get more shares, up then less shares.

It works for me.

Posted by i3inverstor > 2016-09-08 14:05 | Report Abuse

you are right moneysifu :)

sengkee

2,060 posts

Posted by sengkee > 2016-09-08 15:54 | Report Abuse

wait for explosion soon

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-08 16:57 | Report Abuse

First test is over, today is another good day, well done

murali

5,723 posts

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

See who will be the champion of steel today...my vote goes to the same...

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:20 | Report Abuse

haha, murali

murali

5,723 posts

Posted by murali > 2016-09-09 10:21 | Report Abuse

So far YKGI-WB is leading follow by Mycron...

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:21 | Report Abuse

My steel stocks are now more than 70% of my total portfolio, gogogo!!!

More to come!

MyInvest

496 posts

Posted by MyInvest > 2016-09-09 10:22 | Report Abuse

whats the TP ?

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:25 | Report Abuse

Next target to clear is RM0.80

gg_gal

58 posts

Posted by gg_gal > 2016-09-09 10:28 | Report Abuse

can reach 80 cents today ??? HEHEHEH

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:29 | Report Abuse

Don't know leh, at least something to look for, hehehe

Posted by Molek Nan Fang > 2016-09-09 10:39 | Report Abuse

Another steel counter attracted me!! LeonFB, doing 0.515 now. "Cold Eye" is its substantial shareholder. Cheers!

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:41 | Report Abuse

oh, thank you Molek

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:46 | Report Abuse

Mycron is now only trying to catch up with other in terms of valuation, not even reach there yet

gg_gal

58 posts

Posted by gg_gal > 2016-09-09 10:47 | Report Abuse

HAHA @moneySIFU surely can one. very good near future prospects for this company haha.

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:53 | Report Abuse

Agreed, gg_gal, everything proved right, now only let profit run.

Today buy some again...

Posted by strykerjunior > 2016-09-09 10:54 | Report Abuse

zinc price in the world market has gone down in the past few days to 2314.50 and this figure is still dropping. steel companies may still.be in the doldrums. Investors may end up holding stocks with high NTA but stock price may not reach that amount.

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 10:54 | Report Abuse

Momentum is strong, just hold tight

gg_gal

58 posts

Posted by gg_gal > 2016-09-09 11:04 | Report Abuse

hold and top up before it reaches 80 cents.

probability

14,499 posts

Posted by probability > 2016-09-09 11:08 | Report Abuse

hope over the weekend people start digesting the facts more..he he
how many days bursa closed - monday & tuesday?

gg_gal

58 posts

Posted by gg_gal > 2016-09-09 11:09 | Report Abuse

i think monday and friday la. tuesday should open..

moneySIFU

5,862 posts

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

Even the price of steel does not go up, it is nothing to do with CRC companies, the major positive events now are Anti-Dumping Duties for CRC products & freedom to import much cheaper but yet better quality HRC from oversea.

gg_gal

58 posts

Posted by gg_gal > 2016-09-09 11:09 | Report Abuse

dont worry la. moneysifu is here. HAHA. why worry. people who should worry is never buy only haha

Posted by i3inverstor > 2016-09-09 11:13 | Report Abuse

will hold tight but a bit scare to top up more...

kurax2

170 posts

Posted by kurax2 > 2016-09-09 11:21 | Report Abuse

0.8 is not a dream guys.

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 11:21 | Report Abuse

If have time, may be can look into Mycron's holding company, Melewar Industrial Group Bhd, not mean to recommend to buy, but just to know more on the background of Mycron.

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 11:22 | Report Abuse

Fly again, hehe

gg_gal

58 posts

Posted by gg_gal > 2016-09-09 11:23 | Report Abuse

HAHA told you guys.. better collect below 80 cents. heh

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 11:43 | Report Abuse

Even with forward PE of 4.5 (which still much lower than among its peers), the price is RM1.01, still far far away from current price.

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

davidqsk

156 posts

Posted by davidqsk > 2016-09-09 11:44 | Report Abuse

Break 0.80 resistance. Next tp RM1.00

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 11:47 | Report Abuse

Mother also goes up

Mgician

716 posts

Posted by Mgician > 2016-09-09 11:50 | Report Abuse

0.8 fly so higher dy. Still can fly higher? Sifu.

Up_down

4,346 posts

Posted by Up_down > 2016-09-09 11:51 | Report Abuse

MoneySifu. Geng! It would break resistance soon.

BOOON

16 posts

Posted by BOOON > 2016-09-09 11:55 | Report Abuse

mother,melewar also a good beat too

Posted by Molek Nan Fang > 2016-09-09 12:07 | Report Abuse

LeonFB has started moving with increasing volume. Latest QR EPS=3.74, forward PER=3.5X.

Posted by Molek Nan Fang > 2016-09-09 12:08 | Report Abuse

难怪冷眼前辈也也是它的大股东之一。

Jayd3

38 posts

Posted by Jayd3 > 2016-09-09 12:29 | Report Abuse

MYCRON - Unusual Market Activity ("UMA") query by Bursa Securities

moneySIFU

5,862 posts

Posted by moneySIFU > 2016-09-09 13:24 | Report Abuse

Time to collect again

Mgician

716 posts

Posted by Mgician > 2016-09-09 13:26 | Report Abuse

oh no...

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