Posted by SuperPanda > 2018-01-23 17:45 | Report Abuse

dont top up masteel now, wait CNY sales (normally mrkt will slow during big holidays)

but if can hold long TP 2.5, below 1.70 still look ok based all high 1.80

btw, this is my opinion only

Posted by SuperPanda > 2018-01-23 18:25 | Report Abuse

[MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Announcement Date 23-Jan-2018
Date 23-Jan-2018
Number of Shares 250,000
Currency Malaysian Ringgit (MYR)
Price (per shares) 1.657 - 1.657
Total Amount 0.00
Total Treasury Shares 173,800

Remark Resale of treasury shares in open market. The issued capital remain unchanged i.e. 315,630,843.

Posted by aslm > 2018-01-23 18:55 | Report Abuse

Good la. Then they can use the money for business.

Posted by I3investerdin > 2018-01-23 19:20 | Report Abuse

resale of share is good news or bad news?

Posted by SuperPanda > 2018-01-23 20:23 | Report Abuse

company gets money which is good to the income statement, eps and pe will be adjusted accordingly as more shares release to the market (its not new shares, an existing shares keep at treasury)

Posted by ValueMaker78 > 2018-01-23 20:31 | Report Abuse

2017
Qtr 3 PAT/Revenue-4.5%(18,067/401,445) EPS 5.72c(Must exclude over provision in prior year-past)

Annjoo P/E-9.53
LionInd P/E-7.15
Ssteel P/E-7.07
So Masteel P/E

EPS-19c{(14M+10.5M+18M+18M)/316M}x PE8=RM1.52

Some will argue say TYY RESOURCES SDN. BHD bought 2mil share on 17/01/2018, but what is the deal? the deal is 2Million share at RM 1.51/share.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1028977

Resale treasury share-Just like trading, Buy low Sell high.

Scenario, Supermax share buy back 9 million unit between 1.70-2.00 because they value their company is still undervalue. Same goes to Masteel, entry price maybe just 50c/share or even lower, but why they choose to dispose if the company performance is good enough?(Insider know better)

Posted by Jon Choivo > 2018-01-23 20:32 | Report Abuse

That debt though. Hard to swallow.

Posted by Jon Choivo > 2018-01-23 20:36 | Report Abuse

I dont see this company making more than 80m per year in terms of operating earnings, lets not talk about possible tax income etc.

On an EV/FCF or EV/EBT basis, the company is trading at 10 times assuming 80m per year in earnings. Its by no means cheap.

But since otb is behind it, should go somewhere if you want a punt.

Posted by SuperPanda > 2018-01-23 21:25 | Report Abuse

@ValueMaker78, pls corrct ur Q3 figure.

Rev = 401,445
Earn = 38, 670 !
Eps = 12.88 !
YoY = 3011% !

Posted by SuperPanda > 2018-01-23 21:31 | Report Abuse

Yours prev 4 qtr earnings also wrong.

Q317 = 38,670
Q217 = 10,589
Q117 = 14,083
Q416 = 4,031

Current shares also wrong. Its a 313m not 316m.

Your score 60%, i give u C+. Pls do better next time.

Posted by SuperPanda > 2018-01-23 21:33 | Report Abuse

Im kind enough, if not give u D already bcoz Q3 earnings you mistake from 38.6m become 18m. You cut masteel earn 20.6m !!

Posted by Zhuge_Liang > 2018-01-23 21:38 | Report Abuse

Jon Choivo, please do not spread rumour on Mr OTB, he is only a small fly. In no way he is behind to push up Masteel.
He buys Masteel because both TA and FA are good.
OTB told his followers, he had retired from I3.
OTB posted his article here because someone bad mouth this stock.

Posted by SuperPanda > 2018-01-23 21:40 | Report Abuse

Job Choivo, u r better but only can give u B-. Why?? FY17, 3 qtrs earnings total already 63.3m. FY17Q4 only required 16.7m to hit 80m annually. 16.7m is too low based on rebar price surge 20-30% since Q317 until now.

Pls do ur homework better.

Posted by cresbinvest > 2018-01-23 21:47 | Report Abuse

just some ppl purposely put wrong figure to mislead others. this is cheating..

Posted by SuperPanda > 2018-01-23 21:50 | Report Abuse

Assume Q4 less than Q3, let say 25m;

Q417 = 25,000 (est)
Q317 = 38,670
Q217 = 10,589
Q117 = 14,083

At current price rm1.65, eps = 28.2 cents, pe = 5.85

Thats why not difficult to reach TP 2.50 @ PE 8.9. If Q4 earn >25m, PE will be lower. And if Q1FY18 sustain >14m, pe will be lower again.

But do take note above will change when bonus 1:3 ex date.

So better make ur act right.

Posted by Tom > 2018-01-23 21:54 | Report Abuse

这只股被太多人买入也不是一件好事，所以我希望听到大家说 “steel play 已经 game over 了”，看着这只股慢慢地升.....

Posted by SuperPanda > 2018-01-23 22:57 | Report Abuse

@Jon Choivo, here's how to evaluate debt. Give figure and fact. Then can look pro. General comments is baseless.

Annjoo
NTA 2.27 Debt 822.7m Eps 9.28 Price 3.46

Lionind
NTA 2.55 Debt 349.1m Eps 4.08 Price 1.35

Ssteel
NTA 1.90 Debt 1.0b Eps 12.42 Price 2.08

Hiaptek
NTA 0.63 Debt 493m Eps 1.23 Price 0.485

Masteel
NTA 2.03 Debt 335.9m Eps 12.88 Price 1.65

*All figure from latest qtr rpt and price is as today closing. Pls evaluate urself.

Posted by SuperPanda > 2018-01-23 23:06 | Report Abuse

If you want to hear about steel play, read Focus Malaysia paper Jan 20-26 pg 17-18 by Lim Cian Yai, exhibits comments from Annjoo MD Dato Lim HT.

Hear from MD the correct way. They the one run business. Hear somewhere else, they also dont know the current steel price. Im in construction sector, i bought steel every mth, so you should know im not firing blanks.

Posted by azman123 > 2018-01-24 00:16 | Report Abuse

superpanda, you should consider also net debt. some companies borrow a lot, but they have a lot of cash and equivalents

Posted by SuperPanda > 2018-01-24 09:03 | Report Abuse

Those debt are short and long term borrowings

Posted by SuperPanda > 2018-01-24 09:16 | Report Abuse

Debt to Equity ratio >1, good. Normal for steel to have borrowings due to past 2014-15 sector loss

Posted by tianwang > 2018-01-24 09:33 | Report Abuse

good share...buy buy buy...

Posted by paktua73 > 2018-01-24 09:36 | Report Abuse

old man sold all at 1.72,1.71
just take profit
tut tut

Posted by Kesley Tan > 2018-01-24 09:38 | Report Abuse

keke. luckily pick more on 1.62 few days ago

Posted by Invest_168 > 2018-01-24 09:39 | Report Abuse

Once sold...it will rocket to RM2 ;)

Posted by SuperPanda > 2018-01-24 10:13 | Report Abuse

Congrats Kesley, keep until bonus will be rewarded more when qtr out end Feb.

Posted by Henly > 2018-01-24 14:10 | Report Abuse

USD 3.927 Masteel will benefit from the stronger ringgit, already almost 10% saving in the imported scrap iron, graphite electrode, refractories, spare-parts etc

Posted by Zhuge_Liang > 2018-01-24 14:21 |

Post removed.Why?

Posted by Tortoise > 2018-01-24 14:47 | Report Abuse

Sailang Masteel gogogogogogogo

Posted by aslm > 2018-01-24 14:48 | Report Abuse

Salute Mr. OTB!

Posted by titus > 2018-01-24 15:08 | Report Abuse

what is Mr. OTB target price?

Posted by amy898 > 2018-01-24 15:10 | Report Abuse

RM 2.5

Posted by titus > 2018-01-24 15:25 | Report Abuse

wah....so high ah......if reach rm2......good for me le.....let reach the 1st camp 1st le before talking about the peak.

Posted by SuperPanda > 2018-01-24 15:53 | Report Abuse

remember 1:3 bonus is coming, share price will be dilluted 25%. if b4 ex date reach rm2, after ex date become 1.50

Posted by Up_down > 2018-01-24 18:25 | Report Abuse

Old man forget to read the chart before offering a noble negative comments....so timing is important in this case. We can't collect at cheap prices. what a pity!. RM 2 is coming....lol

Posted by ValueMaker78 > 2018-01-24 19:34 | Report Abuse

Hi Panda,
SuperPanda @ValueMaker78, pls corrct ur Q3 figure.

Rev = 401,445
Earn = 38, 670 !
Eps = 12.88 !
YoY = 3011% !
23/01/2018 21:25

Yeah, earning reported is 38 Mil(smoke screen), but why profit before tax is only 23Mil(Current tax 5Mil) so the PAT for the Qtr is only 18 Mil(This is profit generated from business). 20.5 million is from defer tax my friend I'm not familiar with accounting(maybe you can explain to me further) but I google and trying to understand what is defer tax and so on-this is just a treatment between taxation and accounting,

Posted by Kesley Tan > 2018-01-24 19:52 | Report Abuse

anyone know if masteel export to foreign like US?

Posted by AzerothJr > 2018-01-24 21:00 | Report Abuse

Defer means later. Defer tax means tax later. 18million already tax and 20million tax later makes sense?
Still profit will be total 38million. I think lar on my understanding.

Posted by SuperPanda > 2018-01-25 00:23 | Report Abuse

Many retail investors in Msia begin trading w/o proper knowledge and end up risk to losing.

Some of new investor knwledge problem:
1- No idea on cmpny biz/prodct and market
2- Dont have basic financial skill or FA
3- Dont learn TA
4- Dont keen to read qtr or annual rpt

On trading skills,
1- No idea when to buy
2- No idea when to sell
3- Should ave down or not
4- Should cut loss or not

On psychology skills,
1- No patience
2- Cannot manage fear
3- Cannot manage greed
4- Cannot accept losses

Posted by SuperPanda > 2018-01-25 00:27 | Report Abuse

No shortcut to earn big in stock market. Those whom earn are those whom equipped themselves with skills, whch not guaranteed for success but to minimise mistake.

Posted by aslm > 2018-01-25 09:16 | Report Abuse

Thank you SuperPanda!

Posted by SuperPanda > 2018-01-25 12:31 | Report Abuse

Stock [MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Announcement Date 24-Jan-2018
Date 24-Jan-2018
Number of Shares 173,800
Currency Malaysian Ringgit (MYR)
Price (per shares) 1.720 - 1.720
Total Amount 0.00
Total Treasury Shares 0
Remark Resale of treasury shares in open market. The issued capital remain unchanged i.e. 315,630,843.

Posted by SuperPanda > 2018-01-25 12:31 | Report Abuse

all share buy back already sold. no more at treasury.

Posted by SuperPanda > 2018-01-25 12:35 | Report Abuse

For TA chart, there are free app software, chartnexus.com, pls give a try. Have MACD, RSI, Stochastic, etc. For support and resistance need to subscribe at SGD88/6 mths.

Posted by aslm > Jan 25, 2018 09:16 AM | Report Abuse

Thank you SuperPanda

Posted by SuperPanda > 2018-01-25 12:39 | Report Abuse

For Qtr Rpt/Earnings/EPS/etc, im using KLSE Screener apps. Its free and lot of news/alert/watchlist/bursa indice/world indice/gainers and losers even currency exhange and commodity price.

Posted by Fergus Chong > 2018-01-25 12:49 | Report Abuse

1.700 can top up?

Posted by SuperPanda > 2018-01-25 12:54 | Report Abuse

may have discount below 1.70 within 3 weeks time

Posted by ooihk899 > 2018-01-25 16:04 | Report Abuse

Discount already starting today.

Posted by GG_Liang > 2018-01-25 16:09 | Report Abuse

Late bloomer? We'll see

Posted by Baby_Shark > 2018-01-25 16:28 | Report Abuse

Tomorrow last chance to board this ship? Monday EGM for Bonus Issue