CSC STEEL HOLDINGS BERHAD

KLSE (MYR): CSCSTEL (5094)

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Last Price

1.20

Today's Change

0.00 (0.00%)

Day's Change

1.19 - 1.22

Trading Volume

227,900


9 people like this.

4,094 comment(s). Last comment by enlistcapital 1 week ago

mh87

3,885 posts

Posted by mh87 > 2022-02-22 13:28 | Report Abuse

What we can see now Russia Ukraine issue is not affecting commodity related stock so much..

Posted by Cockroach Paul Lee > 2022-02-22 23:15 | Report Abuse

78000 lots done today , history volume high. Who sell?

williamh

690 posts

Posted by williamh > 2022-02-23 12:36 | Report Abuse

Insiders is locking in the profit now,positive new is to sell

LubeTrader

163 posts

Posted by LubeTrader > 2022-02-23 15:54 | Report Abuse

This counter is not speculative in nature. Not the target of insiders, sharks, and whatnot. Choose to take the dividend then hold long, otherwise sell now.

williamh

690 posts

Posted by williamh > 2022-02-23 16:33 | Report Abuse

Good

alexnada

18 posts

Posted by alexnada > 2022-02-23 16:46 | Report Abuse

actually the russia ukraine issue is affecting the commodity related stocks...
rumours of war and war itself will push up commodities' prices, starting with crude oil.
when crude oil increase, the rest of the commodities will increase.

Johnzhang

2,464 posts

Posted by Johnzhang > 2022-02-23 17:01 | Report Abuse

Palm oil is one of the biggest beneficiary. Don’t ignore it.

Limcken

45 posts

Posted by Limcken > 2022-02-25 11:05 | Report Abuse

Sometime we better buy some steel stock can declare dividends , 14cents! Increasing profit.. Almost 8% interest, why buy ays? Kyy won't push up the price let u sell.. Common sense

Posted by Cockroach Paul Lee > 2022-02-28 23:28 | Report Abuse

I have palm oil stocks and this csc steel… all good dividends

Posted by Derrick Gan > 2022-03-01 17:19 | Report Abuse

Break last year's 1.63 . High possible breakout and toward 1.75.

Posted by Cockroach Paul Lee > 2022-03-01 23:49 | Report Abuse

This is a sure win stock? buy every time price lower and hold.

Bolo88

162 posts

Posted by Bolo88 > 2022-03-02 00:53 | Report Abuse

2.0 soon

Posted by wallstreetrookie > 2022-03-07 16:36 | Report Abuse

Haha told you all already. The company only cares about funnelling profits back to Taiwan. Using Malaysian investor's money as their own pocket money. You think the Taiwanese care about Malaysians? Think again

Posted by EatCoconutCanWin > 2022-03-09 07:51 | Report Abuse

Steel shortage due to war. A lot machine n building destroy n need to build up. Buy call

Posted by Thirai Thiraviam > 2022-03-22 11:01 | Report Abuse

With TTM earnings at 23 cents, at PER of 10, this counter should be selling well above RM2. Any idea what is holding the share price back? The price of steel remains elevated since last year.

Limcken

45 posts

Posted by Limcken > 2022-03-24 11:22 | Report Abuse

Sometimes we should not be influenced by the so-called blog here when we judge a stock. It's very simple, if he was so good, he didn't need to write so much to buy stocks and make money. Retail investors are the saddest, because every time they help people raise the stock price to make these blogs profitable. csc steel is very generous to dividend investors, you should be hard-pressed to find one that gives you $140 at $1.60. Plus steel demand will be a lot. Business will grow in the next quarter. Besides this stock, where else can you buy similar companies?

Heroes9

8 posts

Posted by Heroes9 > 2022-04-19 09:41 | Report Abuse

Congratulations those who buying csc steel .

Posted by wallstreetrookie > 2022-04-19 10:02 | Report Abuse

Only up 25%. Who are you trying to congratulate?

Posted by wallstreetrookie > 2022-04-19 10:08 | Report Abuse

A lot of people bought steel stocks in early 2021. The macro theme for steel has been going on for a long time. Dividend play is a useless short term strategy

Heroes9

8 posts

Posted by Heroes9 > 2022-04-19 11:38 | Report Abuse

Because they are impatient, you won't buy it any cheaper! Because it is still very cheap. Some people will say it's not good until $2, because they can't buy the price of 1.72. Interest will be announced in a short period of time, so far about 7% interest rate compared to fixed deposits, just wait three months.

stockraider

29,922 posts

Posted by stockraider > 2022-04-19 13:34 | Report Abuse

Very strong sustainable div loh!

LubeTrader

163 posts

Posted by LubeTrader > 2022-04-20 11:30 | Report Abuse

A display of true contrarian. Still fashionable being one?

Diamond7

1,954 posts

Posted by Diamond7 > 2022-04-21 06:45 | Report Abuse

Hopefully announced exdate for dividend this Friday

Good dividend yield!

Diamond7

1,954 posts

Posted by Diamond7 > 2022-04-21 06:46 | Report Abuse

Coming quarterly report will be excellent!
Hope they give us bonus as well....to reflect the fundamentals

Diamond7

1,954 posts

Posted by Diamond7 > 2022-04-21 16:37 | Report Abuse

Strong
Very strong

After announcement f exdate for dividend will be like a strong magnet attracting lots of buyers!!!

Hurry buy if it can touch 1.75

Posted by Trading_Account89 > 2022-05-02 21:48 | Report Abuse

Estimated FY 22 Revenue of around RM2.3 Billion, EPS of 35 sen (dividend of at least 17.5 sen)if profit margin 5.8%, EPS of 62 sen (dividend of at least 30 sen) if profit margin 10%. Target price RM3.50 or best RM7.00 if lucky

stockraider

29,922 posts

Posted by stockraider > 2022-05-03 12:09 | Report Abuse

Very good div yield above 8% pa loh!

Steel price....can sustained bcos of Russia v Ukraine war loh!

Heroes9

8 posts

Posted by Heroes9 > 2022-05-06 16:04 | Report Abuse

It doesn't seem to be cheaper to buy.

Posted by CHIN1121 > 2022-05-10 18:52 | Report Abuse

Today shares price drop sharply. Anyone know why?

Heroes9

8 posts

Posted by Heroes9 > 2022-05-11 11:36 | Report Abuse

I think this stock price correction is a good opportunity for friends who used to want to buy shares of this company. The generous dividend does undervalue this stock. I believe the next quarter will be good with a possible special dividend

tts752

53 posts

Posted by tts752 > 1 month ago | Report Abuse

why dropped so much today, instead of dividend

Tokay111

111 posts

Posted by Tokay111 > 1 month ago | Report Abuse

Dividend ex date sure drop, good to buy long term and wait for next dividend

tts752

53 posts

Posted by tts752 > 1 month ago | Report Abuse

ex date should only drop 0.14, but now is in additional of 0.14, dropped another 0.1...too much

Tesla123

25 posts

Posted by Tesla123 > 1 month ago | Report Abuse

Steel price dropped like palm oil, all steel company profit will be hit hard in 2H, better avoid steel sector

VTrade

2,051 posts

Posted by VTrade > 1 month ago | Report Abuse

Palm oil drop like steel stock
If recover, both will up or…
Energy first?

Tesla123

25 posts

Posted by Tesla123 > 1 month ago | Report Abuse

No chance to recover in short term, stock price in down trend

yfchong

5,285 posts

Posted by yfchong > 1 month ago | Report Abuse

lets's see another 6 months

Posted by LeoLionLin > 1 month ago | Report Abuse

palm oil first need to solve labour shortage issues

Zackmeiser

287 posts

Posted by Zackmeiser > 1 month ago | Report Abuse

Downtrending. Time to accumulate slowly

dompeilee

10,984 posts

Posted by dompeilee > 1 month ago | Report Abuse

Dividend only 14c...but price corrected 45c lol

Posted by LeoLionLin > 3 weeks ago | Report Abuse

Still doing good..... Wait...

Posted by enlistcapital > 1 week ago | Report Abuse

One Up on Malaysia’s Steel Industry

While there are many well-intentioned contents published on stock forums, some of them are simply based on writers' opinion and understanding may end up become inaccurate or mispresented, so to speak.

That being said, I do not wish to point fingers or lay blames to any parties, and I hope whatever I shared in this article could brighten up our reader’s mind.

To begin with, there are generally two types of steel industries player in Malaysia, namely the manufacturers and/or value add companies, and those who involved mainly in the trading and wholesaling business.

As for the value chain, the photo taken from Bulatlat had presented well on how it works.

https://www.bulatlat.com/2016/09/21/buildfilipino-developing-local-ste...

Posted by enlistcapital > 1 week ago | Report Abuse

Generally, Malaysia did not involve much in the iron ore mining industry, as our country’s mineral mining sector recorded a gross output value of MYR3.5 billion, out of which RM1.7 billion is attributable to bauxite and ilmenite mining (2016, Mining and Quarrying Economic Census).

And according to Trading Economics, https://tradingeconomics.com/malaysia/mining-production the mining production in Malaysia had averaged a 0.75% drop from 2011 until 2021. Hence, we do not see much iron mining activities ongoing on Bursa.

Posted by enlistcapital > 1 week ago | Report Abuse

While investors would generally refer “steel” prices on CNY-based rebar, which is the first search result one could find when you googled “steel prices”, flat steel and value-added products such as hot rolled coil and cold rolled coil data is relatively harder to be found. Hence, there are many misunderstood on the pricing – which is completely understandable especially for those who are new to the market.
You could also see that the application of long steel such as rebar and flat steel are much different.

Understandably, the prices for “steel” are constantly fluctuating alongside with supply and demand.

While many could argue that “steel” prices had went down from its high, the value of construction work done alone in 2022 Q1 in Malaysia had amounted to RM29.5 billion – steel, being one of the key construction materials, is poised to see an increase of demand, and at the current juncture, it is still considerably profitable for steel players in Malaysia.

For manufacturers in Malaysia, they are generally applying to a costs-plus model in terms of factoring their prices. In other words, as long as the management had been keeping a close eye on steel prices and manage their inventories well, the company should remain buoyant against the price fluctuation headwinds, while preparing rigorously for the next upcycle.

For number crunchers, we need to relook at the term “Revenue” , which obviously was made up of 2 aspects for steel companies, namely the volume supplied and selling price of the products.

In weaker steel prices time, the manufacturer or trader could rack up their volume to cover up fixed costs as well as enhance their margins, and during the steel upcycle, they could enjoy both at once. It all comes down to how well the company was managed, especially on the inventory level.

Posted by enlistcapital > 1 week ago | Report Abuse

Speaking of which – inventories could make a difference on the profit and loss statement, but for obvious reasons it would depend on when the goods were sold. Do bear in mind, that these inventories are not like your properties, which one could revalue to inflate its bottom line, but instead, it needs to be sold then only its bottom line can be concluded which is always tied back to the timing of sales.

Of course, for slow moving inventories and those inventories which are below its net realisable value, the steel manufacturers and/or traders may even need to impair or setting up an allowance for impairment on the books!

Therefore, I was amazed when investors are touting the idea of steel companies inflating their numbers by not doing anything on their inventories.

However, for investors, it is always about the return on investment. We all know that the stock market generally had a 6-12 months forward nature in pricing and valuation, and that would very well explain the current valuation of the steel companies. Coupled with hampered investors sentiment, there you go, low single digit PE steel companies.

It is wise for investors to normalize the company profit, and to certain extent – try to wait out for a low for companies who managed their cash flow well.

Posted by enlistcapital > 1 week ago | Report Abuse

Oh! Speaking of which, cash flow and debt is another commonly debated issue in the steel industry.

I think many investors may understand the basics of working capital, but not the concept of trade financing. You see, in a capital-intensive business, it is sometimes cheaper to raise a super short-term borrowing of 30 to 120 days in order to secure customers and better margins.

This is common that steel industry, or commodities related companies on Bursa had over a great deal of their debt in short-term trade financing, which is lower in financing costs, as it was prorated.

It is just sad to see that investors are injudiciously and blatantly claiming that steel makers would raise borrowings just to pay dividends to attract investors. Dividends are generally approved by the board members while for final dividends, shareholders’ approval need to be sought. The board members which also consists of independent directors must have closely monitor the cash flow of the company before approving it.

So much for saying debt-for-dividend.

I think investors need to be fair in justifying the profit and loss, as well as cash flow movement of any steel companies in Malaysia before crowning an undervalued or overvalued statement over them. It is simply irresponsible.

Remember, what is undervalued now can be overvalued in 6-12 months’ time, and vice-versa.

Cheers!

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