The local court did not issue the injunction bcos has not need to stage of enforcement yet mah...!!
Don be sohai loh...!!
Posted by jjohnchew > Jun 12, 2020 11:31 AM | Report Abuse
AZRB which court case ? Middle East legal system is protective their local, there are cases where the IAC in England is awarded but the local court is issued injunction to stop the award. In Zelan n Meena case , local court did not issued the injunction.
Local steel industry faced a lot of price challenge etc China. Good for government to consider new rules to protect local players. Time to enter some since price low today.
Let’s hold this for long term.. don’t plan let off ;) I still remember cash per share of this company is around rm0.50 per share? A Very cash rich company.. that boost my confidence
@Jason, if FY2020 still can maintain 30 million net profit, with the current price (RM0.84) we can get around 8% dividend for 2021 :) hahaha somemore those ppl bought at 70cent or lower sure happy daooo
Steel is a cyclical commodity. It is currently in the down part of the cycle. CSC Steel has a track record of being profitable during the previous cycle is will probably continue to do so for the current cycle. It is also financially sound. This is one stock for those with holding-power. There are a number of fundamental analyses online. Check them out to verify my view
Company is in net cash position. Net current asset per share around RM 1.08 - RM 1.14. Historically profitable, but net margins quite thin (NPM around 2% - 4%). Still, quite a worthy buy. The only major issue with this stock is the recurring loss-making associate, Hanwa Steel. Don't know when the turn around is gonna work.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2984 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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stockraider
31,556 posts
Posted by stockraider > 2020-06-12 15:50 | Report Abuse
The local court did not issue the injunction bcos has not need to stage of enforcement yet mah...!!
Don be sohai loh...!!
Posted by jjohnchew > Jun 12, 2020 11:31 AM | Report Abuse
AZRB which court case ? Middle East legal system is protective their local, there are cases where the IAC in England is awarded but the local court is issued injunction to stop the award. In Zelan n Meena case , local court did not issued the injunction.