Posted by WealthWizard > 2016-09-12 16:44 | Report Abuse

Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

Posted by ilovehits > 2016-09-13 09:32 | Report Abuse

no need to talk bad some counters here. but CSCSTEL is really undervalued if you compared this to other CRC producers.

Posted by moneySIFU > 2016-09-13 09:40 | Report Abuse

Some people will always pretend they are smart, though it make them looked stupid indeed.

Posted by moneySIFU > 2016-09-13 09:40 | Report Abuse

It's like saying buying public bank is a ticket to holland trip, it is funny

Posted by ilovehits > 2016-09-13 09:57 | Report Abuse

CSCSTEL comes behind MYCRON. Since both of them are CRC players in this country. Win Win situation for this 2 CRC counters.

Posted by gojirakingkong > 2016-09-13 10:16 | Report Abuse

those talking bad of this counter either dont know anything about stock market or they want to buy it cheap :)

Posted by moneySIFU > 2016-09-13 11:21 | Report Abuse

CSCSteel is amazing in delivering fantastic & consistent results over past 10 years, except 2014 where suffered loss, imagine how good is the management.

Also, CSCSteel has been very generous in sharing its profits with shareholders by distributing dividends over past 10 years, never missed.

Look at the dividend yields, it is awesome of more than 5%++.

Posted by moneySIFU > 2016-09-13 11:23 | Report Abuse

Imagine what CSCSteel could do during bad time, and what you can expect when good time is coming??? ＼(￣▽￣)/＼(￣▽￣)/

Posted by moneySIFU > 2016-09-13 11:29 | Report Abuse

Thank you to WealthWizard for sharing such great articles!!!

Posted by chl1989 > 2016-09-13 11:31 | Report Abuse

No brainer investment :)

Posted by chl1989 > 2016-09-13 11:31 | Report Abuse

Buy n keep until >2.5 :)

Posted by WealthWizard > 2016-09-13 11:38 | Report Abuse

Welcome, moneySIFU.

While all developments pointed to one good direction, the CRC market leaders such as CSCSteel & Mycon will be the natural choices for investors.

Posted by mbs7633 > 2016-09-13 11:40 | Report Abuse

Speak frankly, there's some TP here. CSCSTEL 2.97 & MYCRON 1.61. You can refer lastest AnnualReport and some articles before make your own decision.

Posted by YOLOOOO > 2016-09-13 11:42 | Report Abuse

GOOD!!!!!!

Posted by bonus2016 > 2016-09-13 11:44 | Report Abuse

what a big road block at 1.750, if today can pass it, 1.80 also achieveable, what a super strong power and steady, ppl start to believe rm2 / rm2.5 is reasonable

Posted by Star8888 > 2016-09-13 11:45 | Report Abuse

With current price CSCSTEL(1.74), Mycron(0.92), I would more prefer CSCSTEL, just bought 150K on CSCSTEL at 1.74.

Posted by YOLOOOO > 2016-09-13 11:46 | Report Abuse

when market down, cscsstel up! Sign of strong bull stock

Posted by moneySIFU > 2016-09-13 12:01 | Report Abuse

I have both, so I am feeling like flying together with the profits, gogogo!!!

┏(＾0＾)┛┗(＾0＾) ┓

Posted by probability > 2016-09-13 12:05 | Report Abuse

geographically...mycron may have an advantage compared to cscstel (transportation cost)...not too sure though.

Posted by YOLOOOO > 2016-09-13 12:23 | Report Abuse

Today got chance to touch 1.8

Posted by mbs7633 > 2016-09-13 12:29 | Report Abuse

big block 1.75 cleared jor. 1.80 is coming.

Posted by yeekarwai88 > 2016-09-13 12:31 | Report Abuse

犀利!

Posted by i4investor > 2016-09-13 13:10 | Report Abuse

why other steel stock like hiaptek, engtex, YLI not moving?

Posted by moneySIFU > 2016-09-13 13:18 | Report Abuse

i4investor, it is because of different segments of steel industry

Posted by i4investor > 2016-09-13 13:20 | Report Abuse

any chance the left behind steel stock theme will be play together?

Posted by moneySIFU > 2016-09-13 13:23 | Report Abuse

CRC industry is now in spot light because of anti-dumping duties for imported CRC & close down of Megasteel (now can buy much more lower priced raw materials & yet better quality)

Posted by moneySIFU > 2016-09-13 13:25 | Report Abuse

Now plus improved market demand & prices for CRC in China

Posted by moneySIFU > 2016-09-13 13:31 | Report Abuse

Why higher price is good for all steel producers? Because even with same margin, the gross profit will be much higher due to higher revenue.

Operating & other productions costs are mostly same for producing 10 tonnes or 20 tonnes.

While gross profit has become higher and operating costs (rental, depreciation, wages, interest) remained mostly same, the bottom line (profit before tax) will definitely improve.

Posted by Khulekani_Mlambo > 2016-09-13 14:22 | Report Abuse

there is so Far look once Hot Share market update - http://klse.i3investor.com/blogs/ShareInvestmentUpdate/104306.jsp

Posted by ilovehits > 2016-09-13 14:36 | Report Abuse

CSCSTEL really comes today. The Largest CRC producer in the country. How come cannot perform?

Posted by moneySIFU > 2016-09-13 14:43 | Report Abuse

hehe, this is beauty part of stock market, only those realise earlier will make most. Now is still not late because the rebound in CRC market is just started.

In Malaysia, look up to CSCSteel, Mycron follow with discount in valuation.

That's why I think projected PE of 7 to CSCSteel & 5 to Mycron are fair.

Posted by moneySIFU > 2016-09-13 14:44 | Report Abuse

In the world & asian markets, look up to China, if China is doing very well for last few months & expected to do well in coming months/years, why we can't do well also in Malaysia.

Go for it!!!

Posted by YOLOOOO > 2016-09-13 14:52 | Report Abuse

The qr of CRC company will at least nice for the next few quarters due to MEGASTEEL halted its operation and CRC companies could get cheaper HRC, around RM400-RM500 per tonne cheaper compared to before

Posted by ilovehits > 2016-09-13 14:53 | Report Abuse

moneysifu, what's your TP?

Posted by YOLOOOO > 2016-09-13 14:56 | Report Abuse

http://www.klsescreener.com/v2/news/view/81555

This is one of the news I readed few months ago, Choo bee did mention that Megasteel will normally charge RM400 to RM500 premium per tonne for HRC over international prices

Posted by i4investor > 2016-09-13 14:58 | Report Abuse

can engtex benefit from it?

Posted by probability > 2016-09-13 15:01 | Report Abuse

i hold a small amount of ChooBee...it sounds like a very hardworking HoneyBee ;)

Posted by moneySIFU > 2016-09-13 15:18 | Report Abuse

hehe, all my steel stocks are doing extremely well today:
CSCsteel
Mycron
Masteel
Melewar

Posted by moneySIFU > 2016-09-13 15:26 | Report Abuse

Thanks for sharing, Yoloooo

I don't think Megasteel will revive soon as it is extremely hard to restart already stop operated loss making business. Furthermore, look at the liabilities, OMG, it is scary, all creditors will now rush to the side to ask for repayment.

No fresh money & no guarantee of profit, it's like a zombie, dead but still working.

I will not sleep everyday if I am William Cheng

Posted by YOLOOOO > 2016-09-13 15:26 | Report Abuse

moneySIFU banyak huat, i got CSCSTEEL only currently, mycron took profit too early already

Posted by moneySIFU > 2016-09-13 17:02 | Report Abuse

We all together huat ah... :)

Posted by aidwiz > 2016-09-13 18:16 | Report Abuse

can i know why all these steel counters doing well? increasing steel prices? how long will it last?

Posted by chl1989 > 2016-09-13 18:21 | Report Abuse

Should be increasing "price gap" between hrc n crc :)

Posted by Lulu La > 2016-09-13 18:41 | Report Abuse

Aidwiz..one word can explain to u..'GORENG'

Posted by Ymchan > 2016-09-13 19:13 | Report Abuse

Yes, goreng at the right timing, it was always the late comer will lost money thus, don't chase up the price if u dun want b a loser..

Posted by chl1989 > 2016-09-13 19:14 | Report Abuse

Goreng those stocks with good fundamental is good :)

Posted by bonus2016 > 2016-09-13 19:16 | Report Abuse

Lulu La, so tomorrow maybe goreng flight conters, is it? then another day, all the keropok counters ? next week maybe all the ikan masin counters, masuk dalam kuali goreng sekali gus ? 投资 和 投机 分清楚了再说话吧

Posted by Lulu La > 2016-09-13 19:23 | Report Abuse

I din say so bonus2016...你分不清投资和投机吗？那你慢慢研究咯

Posted by Benjamin_8888 > 2016-09-13 19:33 | Report Abuse

有钱大家一起赚咯

Posted by Benjamin_8888 > 2016-09-13 19:35 | Report Abuse

Chl sifu I let go 30% today to make some profit :-)