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

50,800


18 people like this.

14,813 comment(s). Last comment by rizal2020 3 days ago

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-04 08:12 | Report Abuse

Time to sapu all steel stocks before sept? Since govt decision in q4

Posted by bonescythe > 2014-08-04 09:26 | Report Abuse

:D :D

Posted by bonescythe > 2014-08-04 09:26 | Report Abuse

Boom Chak Chak

Posted by bladekiller > 2014-08-04 09:30 | Report Abuse

boom boom! although didnt buy much. :(

carson

418 posts

Posted by carson > 2014-08-04 09:32 | Report Abuse

still can go in, minimum risk lah

carson

418 posts

Posted by carson > 2014-08-04 09:50 | Report Abuse

with mr bone D nad D, buy and collect your bonus kiki kikiki

calvintaneng

56,242 posts

Posted by calvintaneng > 2014-08-04 09:50 | Report Abuse

Bonescythe

Very Good!

Boom Chak Chak

Now Boom scythe scythe. Ha! Ha! Ha!

calvintaneng

56,242 posts

Posted by calvintaneng > 2014-08-04 10:51 | Report Abuse

GO! GO! POWER STEEL!

Kim

4,282 posts

Posted by Kim > 2014-08-04 12:06 | Report Abuse

Rm2 this kikiki

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-04 13:35 | Report Abuse

calvin bro, ask you how you see GSB? I think it will easily doubled soon. not to miss counter also. But volume too low hard to accumulate

calvintaneng

56,242 posts

Posted by calvintaneng > 2014-08-04 18:32 | Report Abuse

Steven Yong

Still studying GSB. Will post later.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-04 18:43 | Report Abuse

Thanks calvin. I know you are in jb expert, you are the best to consult. I have friends jb, nearby the g residences now. Im getting exciting info. It makes my blood burn. It is as good as mulpha, if not better than lionfib.

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-04 20:10 | Report Abuse

But calvin, dont write first. Let me accumulate first. Me not yet finish buting.

calvintaneng

56,242 posts

Posted by calvintaneng > 2014-08-04 23:38 | Report Abuse

Ha! Ha!

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-08-05 00:03 | Report Abuse

Give me 1 month time for gsb,will accumulate slowly

carson

418 posts

Posted by carson > 2014-08-05 08:41 | Report Abuse

calvin, whats your tp for power masteel

calvintaneng

56,242 posts

Posted by calvintaneng > 2014-08-05 08:50 | Report Abuse

Follow Bonescythe Target At RM1.40 First. If M'sian Govt stop China steel dumping then Masteel can go up to RM1.70 or more.

carson

418 posts

Posted by carson > 2014-08-05 09:24 | Report Abuse

thanks calvin

Kim

4,282 posts

Posted by Kim > 2014-08-05 12:01 | Report Abuse

News coming org tua2 ciakap.. itu betul kah i dunno lorr..collect collect..soon u correct correct... kikikiki

kangcs

765 posts

Posted by kangcs > 2014-08-05 12:27 | Report Abuse

wait to in...

Tigerbeer

390 posts

Posted by Tigerbeer > 2014-08-05 13:10 | Report Abuse

Good day to go in

tripleiii

91 posts

Posted by tripleiii > 2014-08-05 17:20 | Report Abuse

bones masteel and klgemseeker SMRT up so much today

KONG88

55 posts

Posted by KONG88 > 2014-08-05 18:06 | Report Abuse

masteel up???

tripleiii

91 posts

Posted by tripleiii > 2014-08-05 18:09 | Report Abuse

these few days, sorry typo

Kim

4,282 posts

Posted by Kim > 2014-08-06 09:56 | Report Abuse

msteel-wa collecting.. ding ding..

kangcs

765 posts

Posted by kangcs > 2014-08-06 14:55 | Report Abuse

wait...

JimYeoh

1,514 posts

Posted by JimYeoh > 2014-08-06 15:44 | Report Abuse

wait for recollect again at 1.00

Kim

4,282 posts

Posted by Kim > 2014-08-06 16:33 | Report Abuse

BUY

Dkwee

210 posts

Posted by Dkwee > 2014-08-07 16:35 | Report Abuse

Why red red red..force selling ??

Stockaki

246 posts

Posted by Stockaki > 2014-08-07 19:04 | Report Abuse

I just sold out all my masteel stock,the price temporary will continues to stay around around 1.00

balvin71

1,154 posts

Posted by balvin71 > 2014-08-08 08:30 | Report Abuse

Global market sentiments is weak now. You did the right thing to come out and sit on the sidelines. If goes down below RM1.00, time to go in full force.

JimYeoh

1,514 posts

Posted by JimYeoh > 2014-08-08 14:55 | Report Abuse

wait to collect low..

acgerlok5

120 posts

Posted by acgerlok5 > 2014-08-08 17:51 | Report Abuse

market sentiments weak, this is a fundamentalyl sound counter, defo worth investing when NTA is 2.53 and now the price further dips to 1 buck cos obama wanna war....so we shall observe market sentiment on monday, most likely klse will turn green again

SBFwer

5 posts

Posted by SBFwer > 2014-08-09 13:53 | Report Abuse

Bcuz he very kind wan to let us buy lower price...hihihi

kasake

17 posts

Posted by kasake > 2014-08-10 10:33 | Report Abuse

Good answer. Just like CSL, low PE, high NTA, high EPS but no Dvd. After all you just pump in the money so the big boss can pull out his money.

Ali Baba

163 posts

Posted by Ali Baba > 2014-08-18 11:39 | Report Abuse

chances to hit 1.16 soon ?

linjie

187 posts

Posted by linjie > 2014-08-18 14:33 | Report Abuse

MALAYSIA STEEL WORKS (KL) - Positive Outlook
Author: PublicInvest | Publish date: Mon, 18 Aug 09:36

We recently held a lunch meeting with Malaysia Steel Works (Masteel) management and came away with more positive prospects on the company. We expect a strong double-digit earnings growth this year, banking on the enhanced capacity and steady local steel product prices despite the challenging environment in the industry. We reiterate our Outperform call on Masteel with an unchanged TP of RM1.26 based on a 5-year P/B average of 0.7x.

Expecting decent earnings in the upcoming quarterly results. Considering the steady local demand for steel products due to various major developments as well as better earnings margin attributable to i) lower scrap metal prices ii) expanded capacity and iii) improved cost efficiency. We expect a good set of results coming up in 2QFY14, which are expected to be released on 26 Aug 2014. Currently, MRT project contributes more than 35% to the Group‟s sales revenue.

Positive talks for MCN project. We also understand that the management has held further talks for the long-awaited Johor Metropolitan Commuter Network (MCN) project and received some positive feedback from the relevant authorities recently. As indicated earlier, the project is estimated to cost RM1bn.

Lower raw material costs. Steel product prices have softened this year. Scrap metal has come down about 10% YoY while steel bar has declined from USD564/mt to USD518/mt. However, local steel bar product prices have been holding well due to various construction activities. The weaker material cost has also helped improve the Group‟s profit margin.

Outperform. We are keeping our Outperform call with an unchanged TP of RM1.26. We are positive on the company‟s earnings prospects, banking on the higher capacity coming on stream as well as steady steel bar prices in the local market.

Source: PublicInvest Research - 18 Aug 2014

Samurai

37 posts

Posted by Samurai > 2014-08-18 19:59 | Report Abuse

This company is under rated. It's a well run profitable company trading at 40% to its NTA. You have to look at the medium to longer term. Anyway...you make your own assessment and investment decision. Good to put aside some spare cash in this company.

balvin71

1,154 posts

Posted by balvin71 > 2014-08-19 09:05 | Report Abuse

Linjie, thanks for sharing. My short-term TP for this stock is RM1.27, pretty close to PublicInvest TP.
Samurai, agree with you. Profitable company that pays dividends (would like it if paid more, Hehehe) and is under-valued based on NTA.

Good Luck to all.

carson

418 posts

Posted by carson > 2014-08-19 10:01 | Report Abuse

its flying now and the sky is the limit, its not suprising to see this stock at rm10 someday, sit tight and enjoy the rocket ride

carson

418 posts

Posted by carson > 2014-08-19 10:06 | Report Abuse

i am in,at the rocket cockpit, what a beautiful view and its a wonderful ride of a life time, kiki kikiki huat arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Posted by bladekiller > 2014-08-19 11:12 | Report Abuse

gogogo!

James

126 posts

Posted by James > 2014-08-19 12:01 | Report Abuse

1.08 = bargain price lol ... cheap

Posted by goldenhorn > 2014-08-20 09:05 | Report Abuse

i would like to ask, is it okay to keep the warants? I see the company directors now start converting their warrants to mother share already? any advise from the experts?

carson8

589 posts

Posted by carson8 > 2014-08-20 19:25 | Report Abuse

goldenhorn, i am having wa too , prefer to keep , believe it will bring in more profit later, this stock is in strong uptrending phase and good news are coming one after another like good q results , mcn etc etc

carson8

589 posts

Posted by carson8 > 2014-08-20 19:27 | Report Abuse

wa might up till rm1

Posted by goldenhorn > 2014-08-21 09:44 | Report Abuse

thx carson.

carson8

589 posts

Posted by carson8 > 2014-08-21 10:08 | Report Abuse

goldenhorn, you are welcome, as far as i am concern this is my most prospective stock in term of fa and ta, i am very confident this stock price will skyrocket soon, get ready to collect the xxxl bonuses

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