why dont consider other steel stock like Prestar? My friend suggested me CSCSTEL, but I see the result not so good, PE high already, Prestar is more undervalue than CSCSTEL.
If I changed counter earlier, I supposed the profit is much more better! Dividen coming soon, let CSC sleep in my portfolio for a few more months, before year end cut cut cut...
This is a very boring company. Their CEO's are mostly retired personnel from the Taiwan Parent Company. They step down from high position so that others get promotion and then this job here in Malaysia goyang kaki. After so many many years, the company is still so old fashion. The parent company is a totally different scenerio, they even made highly sophistical steel for "motors" manufacturers. China Steel Taiwan is on a road to recovery. But this Taiwanese here in Malaysia came here to retire only! Old and Lousy company, nothing new and exciting. All they can do is some palm oil charco project, for what, for show.
A company that is so backwards. You are a shame to China Steel Taiwan, your mother. Ah Yah! Another stupid tragedy. You have been wasting your mother and partners money, your cash-in-hand goes down year after year and you are still so proud to declare that you expect the future to be bright and sunny. Wa Pieng! You know or not? You must ask yourself, you are good or bad people, you share price plunges from RM2 to RM1 and you still wait for the market to turn around. Well, you can not wait forever because I know that we all "must die" and "God never sends help directly to people" and they must find their own ways to help themselves.
CSC Steel prepares for adverse conditions Sources: The Edge Financial Daily | December 28, 2015
Some Highlights
"For the cumulative nine-month period (9MFY15), CSC Steel registered a net profit of RM26.08 million compared with a RM12.25 million net loss previously, while revenue fell 1.5% to RM775.44 million from RM786.96 million in 9MFY14. ... “On top of that, due to fact that China Steel is our parent company, our orders usually enjoy a shorter delivery schedule, which is a kind of premium service, but the prices we pay remain at market rate,” he added. ... “Last year, we declared a three sen (dividend) despite incurring losses. This year, I think we may reward our shareholders since we are making a profit,” he said.
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....
eizmirr
60 posts
Posted by eizmirr > 2013-11-08 22:13 | Report Abuse
3rd qtr result..poor..