Cold Eye has been holding this counter since few years back. It was mentioned in his book. That time it was called Orna Steel. Just recently changed name to CSC.
Parent in Taiwan increase selling price, will go back to original bad news is the mega steel program. This is the draw back. I dun know it still in debt or cash rich.....
international steel price HRC is improving month on month, which is positive to most of steel mills, Csc is put under speculation to have some forms of association with debt ridden megasteel, dun know this will push thru if go thru rich also becomes poor Loh. .....just my 0.02 cts view. Need to do more checking if really interested. When HRC is in high this princess was hover at 1.70, dividend also boleh than.....
I'm sure cscsteel's shareholders and mother companies know what they are doing. acquisition of megasteel stake followed by a reformation may boost their market share for both HRC and CRC
I also bought few years back, at a very very high price .
In those year, I was learning TA and recommended by a friend as strong buy with a 冷眼 good stock.
Once i bought , it declared good dividend , but my friend sold immediate without informing me.
He profit , then i caught almost 3 years. ______________________________________________________________________
This lesson taught me that , never ever listen to others , there is just a guideline and sincere recommendation from a friend that maybe suite his understanding. However, it may not suite me either.
Hence the decision is still in your hand , must do your homework b4 buy n sell.
If u profit , u deserve it. If u lose , u also deserve it.
As u r accountable and responsible to your decision n faith. No 1 is accountable to make u rich , except yourself.
Co. announcements show regular increase of shares buy-back. Possibility of taken it private is high, inveiw of Parent Holdings, Cash onhand, number of treasury stocks, and current low price. From my own understanding, currently this is the only steel counter showing profit..though declining. My view is to accummulate when price drops to 1.18 and below...of course when you have the money to do so. It is a good counter to watch for.
Unless steel price recovered, I dun see any upsurged at all. The stock is cyclical and moved in tandem with the metal price. Will continue to fall, todate no support so far.
yes. unless you see a significant and sustained drop in price for iron ore, brent crude and coking coal. gas prices are going only one way and that is up.
RHB Target Price is quite accurate, since year 2009 onwards steel price being surpressed for quite long time ago... and therefore it is time to see them rebound~ RM2.00 is by referring to P/E 11-15 is possible~
hot roll and cold roll steel prices is increasing in the coming months. it will be good for cscstel as they had write down 10 million from their stocks in the 2Q2013 . hopefully next year div will be at least 10 sen based on their history
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
vijay2u
9 posts
Posted by vijay2u > 2011-10-17 12:45 | Report Abuse
wow