Posted by Sardin > 2021-05-17 09:40 | Report Abuse

http://www.shfe.com.cn/en/products/Hotrolledcoils/

Posted by Dimitri_Ivanov > 2021-05-17 10:17 | Report Abuse

This fall is just a temporary knee-jerk reaction. With Chinese steel companies barred from exporting steel and Malaysia's infrastructure projects to go on to drive economic growth, stock price will normalise before resuming uptrend.

Posted by Zackmeiser > 2021-05-17 10:54 | Report Abuse

Why sudden fall?

Posted by stockfreak > 2021-05-17 10:55 | Report Abuse

China CCP.

Posted by Zackmeiser > 2021-05-17 11:34 | Report Abuse

Does csc mine their own iron ore? If not wouldnt this provide greater margin?

Posted by Sardin > 2021-05-17 12:46 | Report Abuse

I dont think CSC is involved in mining. CSC is Taiwanese company. The share of mother company is quite bullish. Hot rolled steel is more used in manufacturing (example, car body). Q1 2021 Malaysia TIV double digit growth y o y so steel demand should be high but I'm not sure if CSC benefit from direct order from local car maker. Its GI plate is also can be used to make structures for warehouse racking system. Warehousing should be booming thanks to the rapid growth of online business and trade. Therefore local demand should be robust.

Posted by Zackmeiser > 2021-05-17 21:47 | Report Abuse

Pardon lack of my knowledge in commodity stock. If China barred their companies from exporting their steel and to my knowledge they only import iron ore, wouldn't that mean the whole world has less steel source and hence higher price? we know china is the main producer of steel. I failed to comprehend why the sudden drop.

Posted by Sardin > 2021-05-18 12:08 | Report Abuse

I think the sudden drop is more likely due to dented investors' mood when our government announced MCO 3.0 and there's a possibility to tighten the control. China is not barring their factories from exporting but imposing an export duty. Some of the economist in China believe this is a step to transfer the iron ore price hike pressure to the US as the US is the largest importer of steel. This will create inflation pressure to the US and increase the cost of Biden's plan to build infrastructure. This is because China does not have negotiation power on iron ore prices so the best thing China could do is to transfer that pressure to the US who has a greater political influence to Australia. Also China is trying to consolidate and merge the steel mills in China in order to gain a better price negotiation power for raw material. One of the strategic objective from this move is to increase the profit margin. Therefore, China is planning for a structural change in this industry. On the other hand, India being a steel exporter that owns 5% world market share back in 2019 is now suffering serious Covid pandemic which has a great impact to their steel factories. Many of the factory operation is negatively impacted as the oxygen needed for the furnace operation is diverted to support lives in hospitals. This will further creates the shortage of steel supply during this period and strengthen the commodity price. Expansion of steel mill capacity takes years so this loss of supply cannot be replenish quickly by mills in other countries except China. Unless China lifted the export duty, I don't expect steel price to be drastically softened in near future.

Posted by stockraider > 2021-05-18 12:10 | Report Abuse

U think so easy to limit down meh ??

We are in the commodities cyclical bull cycle & these are fuel by low interest rates & high liquidity which give it strong added boost mah!


Posted by roger3210 > May 18, 2021 12:05 PM | Report Abuse

cant wait to see it limit down in next 2 weeks. XD

Posted by Sardin > 2021-05-18 12:12 | Report Abuse

China is not likely to change the policy as they have words from their president Xi Jin Ping to curb capacity to reduce CO2 emission. U turn is not likely to happen in that country in a short term.

Posted by stockraider > 2021-05-18 12:15 | Report Abuse

That means less supply & higher carbon & export tax on steel by china, thus the higher price of steel can be sustained mah!

Posted by Sardin > May 18, 2021 12:12 PM | Report Abuse

China is not likely to change the policy as they have words from their president Xi Jin Ping to curb capacity to reduce CO2 emission. U turn is not likely to happen in that country in a short term.

Posted by stockraider > 2021-05-18 12:55 | Report Abuse

The present high price of steel are due to China (world biggest producer} curtailment of export & production of steel & this is beside high iron ore prices and high standard of environment protection impose by china govt.

Consequently msia downstream producers sit on inventory gains plus ability to pass the cost increase to consumers due to less competition from china mah!

Posted by Sslee > May 18, 2021 12:18 PM | Report Abuse

If you are in the downstream and your raw material price keep increasing do you think you can pass down the increase price to your customers?

Posted by Sardin > 2021-05-18 13:48 | Report Abuse

Hi Stockraider, it will be depending on the commercial agreement between the supplier and customer. In recent CSCStel report it did mention they benefit from the steel price hike because they could export at higher prices.

Posted by Sardin > 2021-05-18 13:49 | Report Abuse

The increasing EPS should be a good enough evidence. EPS of coming quarter (Jan-Mar 2021) can only be better than the last announced quarter.

Posted by stockraider > 2021-05-18 13:52 | Report Abuse

I think beside export...the domestic msia steel price is still very firmed & this give a very good margin to CSC too mah!

Posted by Sardin > 2021-05-20 18:01 | Report Abuse

Let me guess... EPS Q1 2021 would be around 8 sen per share

Posted by Sardin > 2021-05-21 21:07 | Report Abuse

After reading the report more carefully, most of the CSC product are for local market. However, I am expecting next quarter EPS should be a lot better than the last quarter. It doesn't surprise if the EPS double q-o-q. Look at Choo Bee's latest quarter report.

Posted by stockraider > 2021-05-21 23:07 | Report Abuse

Bravo bravo bravo Csc loh!

Posted by stockraider > May 18, 2021 1:52 PM | Report Abuse X

I think beside export...the domestic msia steel price is still very firmed & this give a very good margin to CSC too mah!

Posted by SEE_Research > 2021-05-22 23:14 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-05-22-story-h1565208435-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_UPDATED_NUMBER_3_.jsp

Posted by stockraider > 2021-05-23 11:31 | Report Abuse

Buy lah!

Posted by Mikecyc > 2021-05-23 11:45 |

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Posted by Mikecyc > 2021-05-23 11:46 |

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Posted by Mikecyc > 2021-05-23 11:48 |

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Posted by Mikecyc > 2021-05-23 11:50 | Report Abuse

Change in Boardroom
CSC STEEL HOLDINGS BERHAD

Date of change 31 Dec 2020
Name MR CHEN, CHIEN-TU
Age 48
Gender Male
Nationality Taiwan, Province of China
Designation Executive Director
Directorate Executive

Type of change Resignation

Reason
Mr. Chen, Chien-Tu had tendered his resignation as Director of the Company with effect from 31 December 2020 as he has been assigned to take up a new role within China Steel Corporation Group.
Details of any disagreement that he/she has with the Board of Directors No

Posted by Mikecyc > 2021-05-23 11:54 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS Disposal of 20% equity interest in Hanwa Steel Centre (M) Sdn. Bhd.
CSC STEEL HOLDINGS BERHAD

Posted by stockraider > 2021-05-23 12:00 | Report Abuse

THE STRATEGY IS TO REFOCUS ON THE CORE COMPETENCE OF CSC MAH!

EMPTY LAND NOT USE IN PENANG IS NOT PRODUCTIVE & A WASTE MAH!

SO DISPOSE LOH!

Posted by Mikecyc > May 23, 2021 11:45 AM | Report Abuse

HAHa why a cash rich n no debt company is selling its property land for RM 43.5 million in current market sentiments ...company cash n balances got more than RM 300 million .. no enough for working capital ke ..


Posted by Mikecyc > May 23, 2021 11:46 AM | Report Abuse

Group managing director Yin Shou-Kang said in the company’s 2020 annual report that CSC Steel will continue to strengthen its competitiveness amid the uncertainties that the Malaysian steel industry is facing following the Covid-19 outbreak and trade wars in 2020.

PETALING JAYA: CSC Steel Holdings Bhdhas unlocked some value through the disposal of two parcels of industrial land in Perai, Penang, for RM43.5mil cash and intends to use the proceeds for working capital.

Posted by Mikecyc > 2021-05-23 12:25 |

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Posted by Mikecyc > 2021-05-23 12:27 |

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Posted by stockraider > 2021-05-23 12:28 | Report Abuse

Very simple mah....by selling the empty land...Csc have more cash by rm 42m mah!

That means its balance sheet already strengthen by Rm 42m...whether steel price up or down mah!


Posted by Mikecyc > May 23, 2021 12:25 PM | Report Abuse

re steel prices going up in 2021?
Will steel prices go down in 2021? Steel prices are extreme and should decline from late second quarter through the end of 2021. Locking now will mean over-paying over the second half of the year.

Posted by SEE_Research > 2021-05-23 16:18 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-05-23-story-h1565211222-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_UPDATED_NUMBER_3_.jsp

Posted by cmhome > 2021-05-24 11:04 | Report Abuse

they need more cash to trade more steel... good for the company...

Posted by Mikecyc > 2021-05-25 09:13 |

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Posted by Mikecyc > 2021-05-25 09:15 |

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Posted by stockraider > 2021-05-25 09:43 | Report Abuse

CSC is going to report all time high profits this few days loh!

Posted by AngryBird > 2021-05-25 17:17 | Report Abuse

sorry profit not all time high, but revenue yes, so still within expectation

Posted by SEE_Research > 2021-05-25 23:28 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-05-25-story-h1565244021-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_ANOTHER_CHOO_BEE_MET.jsp

Posted by SEE_Research > 2021-05-26 00:23 | Report Abuse

AN IMPORTANT MESSAGE FOR May, June 2021

Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,

the clock is ticking down for you.

ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely

ALCOM manufacture, supply :

Aluminium interrelated products
Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021
Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021
Historical high price now, as per May 2021 period ,
comparing to April 2020 ,then was USD 1,460.00 per metric ton

Recent good announcement by Alcom / 2674 on 23 Feb 2021
On the financial quarter with revenue RM 109,633,000.00
Record profit -for this financial quarter RM 10,074,000.00 ***
EPS : 7.50
*** = record


Recent good announcement by Alcom / 2674 on 25 May 2021
On the financial quarter with record revenue for this quarter RM 139,828,000.00 ***
Consistent profit -for this financial quarter RM 7,398,000.00
EPS : 5.51
*** = record

Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03
Annualised per year 24.03 cents x 10 PER (price earning ratio )
Intrinsic value RM 2.40 less 30 % discount,
Final mid term target price RM 1.68




surge to limit up
For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )

Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement
21 May 2021 --

surge to limit up
Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed)
Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )

Posted by SEE_Research > 2021-05-27 00:56 | Report Abuse

For 27 May 2021
Thursday

Alcom /2674,

Steel counters especially
Choo Bee,
Ann Joo will provide uptrend momentum for steel, aluminum sectors,
Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.

Posted by Sardin > 2021-05-27 09:43 | Report Abuse

Operating profit for Q1 2021 alone is 30 mil which is two third of the profit in the whole year of 2020.

Posted by stockraider > 2021-05-27 10:00 | Report Abuse

If this type of Profit sustained for CSC we will be looking at Dividend 12 to 15 sen this financial year loh!

Posted by Sardin > 2021-05-27 11:59 | Report Abuse

Hi @stockraider & @AngryBird, mind to share if you do estimate CSC 2021 Q2 EPS? My estimation is RM 0.10 per share. Is it the same as you? Thanks.

Posted by stockraider > 2021-05-27 12:01 | Report Abuse

Correctloh...eps 10 sen q2 mah...!

Posted by Sardin > 2021-05-27 12:03 | Report Abuse

My estimation is based on average iron ore, coal, limestone in Apr & May. I'm taking HRC selling price for reference because I don't have CRC reference price. CRC price should be higher than HRC so I think my estimation is conservative. Assumption is based on 128,933 metric tonne output / sales in Q2.

Posted by stockraider > 2021-05-27 12:05 | Report Abuse

Q2 sharp increase in steel price worldwide mah!

Posted by Sardin > 2021-05-27 12:12 | Report Abuse

Hi @Stockraider / @AngryBird, is there any dividend policy announced by CSC? Is it minimum 50% payout ratio? Thanks.

Posted by stockraider > 2021-05-27 12:36 | Report Abuse

60% payout policy mah!

Posted by Sardin > May 27, 2021 12:12 PM | Report Abuse

Hi @Stockraider / @AngryBird, is there any dividend policy announced by CSC? Is it minimum 50% payout ratio? Thanks.

Posted by ahbah > 2021-05-27 12:39 | Report Abuse

Buy some.

Posted by Mikecyc > 2021-05-27 13:23 |

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Posted by Mikecyc > 2021-05-27 13:27 |

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Posted by Mikecyc > 2021-05-27 13:33 |

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