MALAYSIA STEEL WORKS (KL)BHD

KLSE (MYR): MASTEEL (5098)

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Last Price

0.32

Today's Change

-0.005 (1.54%)

Day's Change

0.32 - 0.325

Trading Volume

172,800


18 people like this.

14,813 comment(s). Last comment by rizal2020 4 days ago

arebear

86 posts

Posted by arebear > 2012-02-10 09:09 | Report Abuse

Boillinger Band Squeeze, pushing 200 day... hurmm

wakarimas

1,043 posts

Posted by wakarimas > 2012-02-21 18:50 | Report Abuse

pretty good

Posted by quyen850906 > 2012-02-29 19:26 | Report Abuse

how come drop ? due bad finance report?

andyteng

457 posts

Posted by andyteng > 2012-02-29 19:49 | Report Abuse

Maybe net loss in steel field like masterl

Posted by quyen850906 > 2012-02-29 20:27 | Report Abuse

very lousy stock since hold half year.

kawelegen

301 posts

Posted by kawelegen > 2012-03-12 20:30 | Report Abuse

I've sold this share a month ago at 1.13. Now at 1.05. Looks cheap to me. Maybe I can buy again at 1.00.

kcfan

1,881 posts

Posted by kcfan > 2012-06-27 22:48 | Report Abuse

Steel prices steady growth in September, "Economic Transformation Programme (ETP), Klang Valley's Mass Rapid Transit (MRT) will gradually start, we also have a bid for one of the steel supply contracts, believe that the proportion of the supply will not be much to change. " Dai Xianlong also predicted, with the large-scale project is about to start, plus Eid al-Fitr after the end of little public holidays, steel prices are expected to grow steadily after September this year.

kcfan

1,881 posts

Posted by kcfan > 2012-06-27 23:12 | Report Abuse

steel horse (MASTEEL, 5098, the main board industry) and the Dutch mining company, Trafigura (Trafigura) signed a contract to supply 270,000 metric tons of steel in three years, worth 500 million ringgit.

 Ma Steel Managing Director and Chief Executive Officer Datuk Seri Dai Xianlong, said: "the three-year contract will begin in the second half."

 He pointed out that the full production start-up With this contract, Ma Steel upstream and downstream production capacity in the next two years.

 "Ma Steel continued to expand its production capacity is expected to upstream production capacity from 50,000 tonnes this year, upgrading to the next year 600 000 tonnes.

Posted by mingzhuansb > 2012-07-02 21:46 | Report Abuse

We, Ming Zhuan Hardware Sdn Bhd has been established in 1990, offer a comprehensive range of steel and metal products to our consumers working in various industries such as metal fabrication, With professional management and strong capital supports.

Ming Zhuan Hardware Sdn Bhd starts to trade with our consumer throughout East and West Malaysia.

We are a company specialist in wrought iron,mild steel,cast aluminium,polycarbonate,mild steel plate & etc products.

Sizes & thickness: Hollow section steel that we are providing are available in different sizes and thickness.

We are sincerely looking forwards to co-operating with you and we believe with our best price and high quality service, we could be your best supplier.

kcfan

1,881 posts

Posted by kcfan > 2012-10-14 22:20 | Report Abuse

Enterprise Interview. Malaysian steel industry five years rushed to new heights.
http://www.chinapress.com.my/node/361297

fatty_tang

296 posts

Posted by fatty_tang > 2012-10-14 22:46 | Report Abuse

Out of all the steel counters it seems that masteel is doing the best at the moment

kcfan

1,881 posts

Posted by kcfan > 2012-11-14 22:51 | Report Abuse

Masteel Secures Deal To Supply Steel To MRT
Malaysia Steel Works (Masteel) has secured a RM6.7 million contract to supply steel for the multi-billion Klang Valley mass rail transit (MRT) project. Under the deal, it will deliver high-tensile steel bars to Mass Rapid Transit Corporation by November end which is to be used at various sites, including Package V1-Sungai Buloh, Package V2-Kota Damansara and Package V5-Cheras, said the steel manufacturer in a statement. According to the company’s managing director and chief executive officer Datuk Seri Tai Hean Leng, the company expects more awards for steel bars to increase over the next three years as the momentum of the project’s implementation gains further traction. Apart from the MRT project, Tai said Masteel’s strategic location within the Klang Valley allows the group to benefit from other projects such as the RM7 billion KL Light Rail Transit extension, the RM1 billion New Pantai Expressway and the RM2 billion Low Cost Carrier Terminal.

Significance: Masteel has a 550,000 tonnes per year meltshop in Bukit Raja Klang, currently and a 350,000 tonne rolling mill in Petaling Jaya. The steel manufacturer is in the midst of constructing a third rolling mill which will enhance the group’s prospects from government projects.

kawelegen

301 posts

Posted by kawelegen > 2012-11-30 09:12 | Report Abuse

Hopeless steel counters. Further drop expected. Suspect another poor financial result on the way.

myky67

106 posts

Posted by myky67 > 2012-11-30 09:32 | Report Abuse

Will bullish again on confirmation of Monorail job Johor & full swing of ETP projects...

Posted by Matsaham Mashuk > 2012-12-02 16:57 | Report Abuse

Mmm..downtrend mode.latest Q result profits fall 7m vs 16.1m.cut loss if support 0.85 broken.buyback later.smile--)

Posted by Lim Ker Ming > 2013-04-03 12:57 | Report Abuse

5098-wa can buy??

myky67

106 posts

Posted by myky67 > 2013-05-09 09:21 | Report Abuse

Steel sector which is lagged behind will catch up others on full swing of goverment ETP projects. Time to collect now....

hsong

192 posts

Posted by hsong > 2013-05-12 09:41 | Report Abuse

what is the status of the JB/Singapore MRT linkage JV with KUB?

sasopi87

641 posts

Posted by sasopi87 > 2013-05-13 22:45 | Report Abuse

start shares buyback..................

david1815

63 posts

Posted by david1815 > 2013-05-16 02:20 | Report Abuse

y??this stock will move up??

Jeff Lim

409 posts

Posted by Jeff Lim > 2013-05-22 23:04 | Report Abuse

Based on current bull market sentiment. Masteel will playing catch up ..just buy n keep n enjoy the profit ...

Posted by Tan Cobby How > 2013-05-27 23:48 | Report Abuse

need to see its latest report... hope its a good one

Posted by TokanCorner > 2013-05-28 00:09 | Report Abuse

Hi Tan Cobby How :D

myky67

106 posts

Posted by myky67 > 2013-05-31 09:20 | Report Abuse

This steel counter is moving up (+ high volume).. may b hv some good news to b annouced soon..

Posted by Lefteris Loh > 2013-05-31 19:58 | Report Abuse

from loss to profit making!

Alex Chan

3,915 posts

Posted by Alex Chan > 2013-05-31 21:26 | Report Abuse

good news in the JV monorail

myky67

106 posts

Posted by myky67 > 2013-06-03 08:55 | Report Abuse

Masteel & KUB JV company, MCN had received a approval letter to build/ operate commuter rail transit in Iskandar Malaysia. Also received abt rm700m goverment soft loan to fund the job.. Bullish..! will hit rm1.00 & sail toward rm1.80 sooon..

myky67

106 posts

Posted by myky67 > 2013-06-03 09:00 | Report Abuse

Masteel will b a new Iskandar player with the rail transit project.. This steel counter also successfully recorded a profit in 1Q13..

Posted by goldenhorn > 2013-06-03 23:43 | Report Abuse

should we also focus to buy KUB now? given masteel and KUB is working on the rail project

Lee Meng Fatt

5,194 posts

Posted by Lee Meng Fatt > 2013-06-09 18:33 | Report Abuse

value to invest in this company since it turned loss into profit and have project in ISKANDAR developement project at Johor

Alex Chan

3,915 posts

Posted by Alex Chan > 2013-06-09 21:30 | Report Abuse

someone is accumulating...jerk down and collect....should reach new heights....above 1.60

myky67

106 posts

Posted by myky67 > 2013-06-11 09:05 | Report Abuse

Masteel is moving toward rm1.00 after GE13. This new Iskandar player with rail transit job will hit rm1.60 or higher very sooonn...

Posted by goldenhorn > 2013-06-11 23:27 | Report Abuse

finally it is moving up today after long waiting. Is it worth to buy the warrant now? anyone?

Alex Chan

3,915 posts

Posted by Alex Chan > 2013-06-17 19:03 | Report Abuse

I think faster than that.....breakout tomorrow 52 week high

hermen1123

174 posts

Posted by hermen1123 > 2013-06-17 19:41 | Report Abuse

Exercise by PE9 this share worth rm1.30
It just a matters of time.

Lee Meng Fatt

5,194 posts

Posted by Lee Meng Fatt > 2013-06-17 20:40 | Report Abuse

sad, i sold off at rm 0.965 last week..........

@@

Posted by moneyking96 > 2013-06-17 20:45 | Report Abuse

Buy back. Potential up to previous price

myky67

106 posts

Posted by myky67 > 2013-06-18 10:15 | Report Abuse

Masteel sail toward rm1.10. This undervalued stock will rebound to rm1.50 once kick off the rail transit project in Iskandar..

myky67

106 posts

Posted by myky67 > 2013-06-28 09:17 | Report Abuse

Masteel will start rm1.0b rail transit project in Iskandar next year.! Will allocate rm100m capex to build new steel rolling mill.. Also will increase dividend to be paid to shareholders..! Bright future.!

Amir Is

13 posts

Posted by Amir Is > 2013-07-01 08:37 | Report Abuse

looks like it's building up the strength to fly...

Posted by allanYep > 2013-07-09 12:15 | Report Abuse

wow epf took a block of shares

neo0129

2 posts

Posted by neo0129 > 2013-07-09 12:41 | Report Abuse

how u know it?

Posted by allanYep > 2013-07-09 13:02 | Report Abuse

off market Friday

neo0129

2 posts

Posted by neo0129 > 2013-07-09 13:58 | Report Abuse

where can get such information?

wtclau

59 posts

Posted by wtclau > 2013-07-09 18:53 | Report Abuse

Yeah allanYep how to know EPF went in.

pradeep

1,324 posts

Posted by pradeep > 2013-07-09 20:13 | Report Abuse

broke above 2.05 and came down ,technically not good. now we have to see the fundamental.

Posted by Michelle Neo > 2013-07-16 12:05 | Report Abuse

masteel is coming up

denture

16 posts

Posted by denture > 2013-07-17 14:03 | Report Abuse

http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=963769

Meaning the contract haven't got approval from all relevant government dept. Loan haven't approved. And if all these ok, Singapore didn't even say they will connect their MRT to JB. Likely to be just intercity MRT in JB like hinted by the CEO

Posted by Eric Soh Siong > 2013-07-18 13:39 | Report Abuse

today up a little but volume not so much

Posted by rmkfac100812 > 2013-07-19 16:07 | Report Abuse

can somebody just clear the jam at 1.12 pls.

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