Hi Mikecyc thanks for the div policy info. If div policy is min 50% payout then I think there will be special div before end of this year. :) Profit will be much higher in Q2 I guess. Although steel is cyclical I think there's some structural change due to new policy in China. So this is the beginning of the new era where margin for steel mill will be a lot healthier in 2021 - 2030. China no longer needs a lot of steel for infrastructure so they dont have to maintain at extremely cheap price but a more "reasonable" price for overall good of their steel companies.
There is little convincing evidence to support the deeply held belief among economists that expectations themselves can fuel inflation. Workers demanding bigger pay increases in anticipation of inflation can indeed make it worse, but there needs to be some initial trigger, such as the 1970s oil shock or sharp currency depreciations. Even unusually rapid economic recoveries like today’s don’t typically qualify.
Investors who truly fear such worst-case scenarios may still want inflation hedges. For the rest, they are becoming a pricey insurance policy.
To :all the investors, 1. who had taken buy consideration on 22 May 2021, at that time, it was super cheap RM 0.67, and can reap super great harvest as this stock is on uptrend mode to RM 2.00.
2. From 28 June 2021, onwards, it will be good to include KSSC in your watch list, for super uptrust mode with potential limit up process. 27/06/2021 1:12 AM SEE_Research
“The steel industries outside of China will potentially enter a renaissance period,” said Tom Price, head of commodities strategy at Liberum Capital Ltd. in London. “We could see a turnaround story there because those economies just need their steel.”
Developments in China are key, given it produces more than half of the world’s steel, mostly with coal-fired blast furnaces. The government has signaled it no longer wants to bear the huge environmental burden that entails, so it’s seeking to curb production through measures such as firming up guidance on capacity swaps and removing export tax rebates.
“Restrictions almost certainly will come into place,” said Tomas Gutierrez, Asia editor and head of data for Kallanish Commodities Ltd. “Steelmakers overseas can sleep a little easier.”
The Board of Directors of CSC Steel Holdings Berhad ("the Company") is pleased to propose a final single tier dividend of 14 sen per share in respect of the financial year ended 31 December 2021 . 14 sen waw waw was
Excellent performance ! Q4 2021 PAT is 81% increase YOY FY2021 PAT is 133% increase YOY Dividend of 14sen translate to DY of 10%. Good share to hand on
Q4 2021 EPS of 10.52 sen is excellent and may indicate good time ahead for steel companies should steel price hold at present level or higher. I think it will. I
Insider already accumulted and pushing up slowly,before the QR annoument ,many Stocks doing this way,just wait for the correction abit,otherwise you may catch at the higher that the insiders will lock in the profit.This is a good counter to invest
This counter is not speculative in nature. Not the target of insiders, sharks, and whatnot. Choose to take the dividend then hold long, otherwise sell now.
actually the russia ukraine issue is affecting the commodity related stocks... rumours of war and war itself will push up commodities' prices, starting with crude oil. when crude oil increase, the rest of the commodities will increase.
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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....
Mikecyc
46,771 posts
Posted by Mikecyc > 2021-05-27 13:36 |
Post removed.Why?