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.
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.
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
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.
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.
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.
i am in,at the rocket cockpit, what a beautiful view and its a wonderful ride of a life time, kiki kikiki huat arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
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?
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
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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Posted by Steven Yong > 2014-08-04 08:12 | Report Abuse
Time to sapu all steel stocks before sept? Since govt decision in q4