Posted by SuperPanda > 2018-01-25 17:38 | Report Abuse

Bonus confirmed. EGM just to approve.

Posted by SuperPanda > 2018-01-25 17:45 | Report Abuse

NOTICE IS HEREBY GIVEN THAT

an Extraordinary General Meeting of Malaysia Steel Works (KL) Bhd (“Masteel” or the “Company”) will be convened at Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Monday, 29 January 2018 at 1.00 p.m., or any adjournment thereof, for the purpose of considering and if thought fit, passing with or without modification, the following ordinary resolution:-

ORDINARY RESOLUTION

PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL
(“MASTEEL SHARE(S)” OR “SHARE(S)”) (“BONUS SHARE(S)”) ON THE BASIS OF 1 BONUS
SHARE FOR EVERY 3 EXISTING MASTEEL SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”)

Posted by SuperPanda > 2018-01-25 17:46 | Report Abuse

Est complete by 1QFY18

Posted by STC1136 > 2018-01-25 17:56 | Report Abuse

The balance of 4.8 mil share PP has been completed.

Total issued share will increased to 320 mil shares.
Masteel Cash flow will also top up another RM7.2 mil cash.......


We refer to the announcement made by the Company on 25 May 2017, the announcement of the signing of the Subscription Agreement dated 17 July 2017 and the announcement of the signing of the Supplemental Agreement dated 30 October 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 25 January 2018 received the 15th and final Subscription Notice from Macquarie Bank for the subscription of 4,800,000 Masteel Shares at a subscription price of RM1.502. The said subscription price represents a discount of approximately 9.02% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 24 January 2018 of RM1.6509.

Accordingly, the Company will issue and allot 4,800,000 Masteel Shares to Macquarie on 26 January 2018. Such shares will be listed and quoted on the Main Market of Bursa Securities on 30 January 2018.



This announcement is dated 25 January 2018.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5676173

Posted by STC1136 > 2018-01-25 17:59 | Report Abuse

Normally PP done will have another round of share price push up.

Very soon, Masteel should up > 1.83 within one week.

Posted by STC1136 > 2018-01-25 18:01 | Report Abuse

Masteel current fair value should stand above >RM2.00.

Posted by AllWin > 2018-01-25 20:03 | Report Abuse

Nice PP is done, now waiting for bonus issue next Monday

Posted by Kesley Tan > 2018-01-25 20:26 | Report Abuse

above 1.5 just sapu only la guys, wont drop below PP price

Posted by ValueMaker78 > 2018-01-25 21:54 | Report Abuse

support line at 1.51, so wait to add at 1.55 then^^

Posted by SuperPanda > 2018-01-25 22:05 | Report Abuse

so by 30th price will ave down due to 4.8m shares issued at 1.502

Posted by SuperPanda > 2018-01-25 22:06 | Report Abuse

Thx for the posting STC

Posted by JN88 > 2018-01-25 23:19 | Report Abuse

Ooohhh no..... Boss sell shares to Mac at 1.5....Market price 1.7 ... Boss collect another 7.8 million. Mac Q sell at 1.7 all the way to 1.5 collect another 8-9 million.... Celaka

Posted by uzairbhatti0157 > 2018-01-26 00:14 | Report Abuse

It will effect share price tomorrow ,??

Posted by cresbinvest > 2018-01-26 07:38 | Report Abuse

don't talk rubbish here. they started private placement on mid last year, you see the stock price now is up or down compared to mid last year?

Posted by Force > 2018-01-26 08:26 | Report Abuse

Already run so high don't think is easy move up but down risk is high

Posted by tallman > 2018-01-26 08:34 | Report Abuse

Do you think the investor who took pp is stupid and will let the share price going down?

Posted by SuperPanda > 2018-01-26 08:46 | Report Abuse

Investor wont take PP if biz not ok.

Posted by titus > 2018-01-26 08:49 | Report Abuse

egm next monday.....can't wait for next week egm.

Posted by SuperPanda > 2018-01-26 08:49 | Report Abuse

Share price will ave down (few cents only) but cmpny get cash in return and improve cash flow. Those few cents drop will be absorded w/o you realize it.

Posted by AllWin > 2018-01-26 16:03 | Report Abuse

cresinvest, well said.. the PP only slowing down its moving.. now is done.

Posted by Fergus Chong > 2018-01-26 16:16 | Report Abuse

What happen to masteel

Posted by JN88 > 2018-01-26 16:19 | Report Abuse

Masteel going Holland soon dealing v Mac.... Boss ham sai. 7.8million for what????

400 million revenue in one quarter go to bagger that 7.8 million from Mac.

You want PP okay la.... PP for current shares holder is better than Mac. Mac offer 1.5 for you I offer 1.6...

Posted by uzairbhatti0157 > 2018-01-26 16:28 | Report Abuse

discussing so much positive comments on boards but price going down?????

Posted by STC1136 > 2018-01-26 16:37 | Report Abuse

look like contra player force sell last day on last hour.

Consolidation on healthy level.

Posted by titus > 2018-01-26 16:50 | Report Abuse

just wait till monday afternoon loh....or tuesday morning coz morning is the egm and evening only bursa release the news ma. If by then still no action, then decide loh. But i think should hv some action loh. Steel price going up ma....also all big project will be annouce soon to create the feel good factor before GE.

Posted by JN88 > 2018-01-26 17:20 | Report Abuse

After egm big drop.

Posted by SuperPanda > 2018-01-26 18:10 | Report Abuse

EGM jst to approve bonus and drop is normal when big holidays come + on 30th dillution on PP share 4.8m x 1.502. Might see 1.60 again in 3 wks.

Just get ready and dont panic sell. If have capital time to collect, below 1.60 is good price.

Posted by Mohd Fahmi Bin Jaes > 2018-01-26 18:11 | Report Abuse

Down

Posted by uzairbhatti0157 > 2018-01-26 18:44 | Report Abuse

Thanks fahmi u come up with new word "down" instead of run or sell

Posted by uzairbhatti0157 > 2018-01-26 19:03 | Report Abuse

Monday morning will recover ....

Posted by Fergus Chong > 2018-01-26 21:06 | Report Abuse

Hahaha! Robot : run ! Down!

Posted by SuperPanda > 2018-01-26 22:23 | Report Abuse

Next wk 3 trading days only, 2 PH

Posted by aslm > 2018-01-27 09:14 | Report Abuse

when you said the price is too high, you should refer to the share eps and pe. masteel has increasing profit and pe less than 10.is this really considered price too high?

Posted by McEnroe Lee > 2018-01-27 10:42 | Report Abuse

seems like steel pe 8 is average alrdy. not every field has the same pe

Posted by Huat1 > 2018-01-27 11:27 | Report Abuse

I am holding tight on Masteel...an uptrending stock with great fundamentals and excellent near term performance/results

Posted by Huat1 > 2018-01-27 11:28 | Report Abuse

Flow with the current uptrend...

Posted by STC1136 > 2018-01-27 14:32 | Report Abuse

Most of fund managers will upgrade the PE rating if the Sales Revenue & Net Profit is keep increasing for four quarter period , i.e one year time. If Masteel 4Q17 profit is more than 3Q17, we can estimate 1Q18 is even higher than 4Q17. We can consider Masteel meet this criteria after the 4th Qtr result released.

For current average PE among big 4-Annjoo/Ssteel/Lion/Masteel, average PE is from 7 to 10, therefore average is abt 8.5.

Fund manager may upgrade average PE > 10, the 4Q result is vital for their investment decision.

I am very confident that malaysia long steel sector will have good profit for at least 3 years from 2017 to 2019.

The current Rebar price of RM2700 may even higher on the rest of 2018, time will realize my estimation.

Posted by SuperPanda > 2018-01-27 21:17 | Report Abuse

Rebar price up bcoz china cut. Just monitor china price. If going down, time to leave.

For refineries HY, Petron, Petdag, just monitor crack spread and maint plan shutdown.

For o&g e&p, look oil price.

For o&g service, look at order book and contracts awarded.

Every sector hve own catalyst, must know what drive them up and down.

Posted by mjlee > 2018-01-27 22:58 | Report Abuse

correct. agree with super panda. unless China keep cut production. or malaysia steel won't do any good. any changes from China with affect directly

Posted by JN88 > 2018-01-28 00:25 | Report Abuse

No need China Cut ...this baby also will definitely up to RM3....just matter of time.... easily able to pay all debt with 6 quarters report.

Posted by curious2 > 2018-01-28 10:20 | Report Abuse

USD drop to 3.87 how Masteel gain? Rebar price not in USD?

Posted by Ooi Teik Bee > 2018-01-28 10:28 |

Post removed.Why?

Posted by Ooi Teik Bee > 2018-01-28 11:02 | Report Abuse

At the present price of 1.68

EBIT grows 82%
EPS grows 220%
PER = 7.87
Projected EPS = 0.20
EV/EBIT = 10.79

Checklist
ROIC (Equity) = 8.29%
ROIC (Asset) = 8.33%
ROE = 10.70%
CFFO = 22,685
Price to CFFO = 23.37
Free Cash Flow = 34,327
Price to Free Cash Flow = 15.45
Cash Yield > 6.47%
Earnings Yield > 9.27%
Price / Book Value = 0.84
Debt to Equity = 1.04
Net Debt to Equity = 0.49
Asset Turnover (Sales/T.asset) > 1.08
Financial Leverage (Total asset/Equity) = 2.04

Please tell me whether Masteel is a speculative stock or a fundamental good stock.
Ans : Fundamental good stock which is undervalued.

Thank you.
Ooi

Posted by Force > 2018-01-28 12:23 | Report Abuse

I feel this counter room to move up very small max 2.00... better go o&g... except price big drop then another story... move to rm3 is dreaming and hope only... must reality

Posted by onlyinvestment > 2018-01-28 13:46 | Report Abuse

Why sondifficut to buy share ??? Buy share just like buy no , if you think will strike then just buy , if you think would not strike then dont want buy la...
Follow who buy also why so difficult ??? If you think your no will strike at magnum then buy magnum la , if you think will strike at damacai then buy damacai la. If you got a lot fund then buy 3 side la ...everyday argue demand , argue property slow down , argue TA FA , argue debt , argue pricing etc...,argue this argue that, worry this worry that , waste time . Because you would not get any in arguement , better go back home hug your wife or girlfriend , dont waste time here.
Just sharing not offering

Posted by SuperPanda > 2018-01-28 17:57 | Report Abuse

@JN88, no need china cut?? Then all steel losses 2015 due to what? Then why msia apply anti-dumping?

Pls help to clarify if you hve other thought. We want to hear.

Posted by YLR33 > 2018-01-28 18:02 | Report Abuse

Ringgit strengthening is good for Masteel, it import in Usd, sale in RM

Posted by YLR33 > 2018-01-28 18:06 | Report Abuse

Long bar manufacturers is cyclical counter, cannot use blue chip investing strategy here

Posted by cresbinvest > 2018-01-28 20:46 | Report Abuse

http://www.sinchew.com.my/node/1723312/每吨3千创新高-钢铁价持续飙涨

Posted by STC1136 > 2018-01-28 21:39 | Report Abuse

Sabah Rebar price should be higher than KL price, RM3,000 should be inclusive of shipping cost about RM200 to 300.