Posted by Zhuge_Liang > 2018-01-28 23:33 | Report Abuse

Please read the below link.
https://klse.i3investor.com/blogs/rhinvest/145713.jsp
Quote
According to Southeast Asia Iron and Steel Industries, the annual total steel consumption in Malaysia is about 10m tonnes for the past four years from 2013 to 2016, while the total capacity of the four major steel rebar maker in Malaysia is only 8.5m.

Historically, domestic steel demand was mainly supported by local production and cheap imports from China. Nevertheless, the scenario has changed since year 2016 after China committed to performing structural supply-side reforms in its steel sectors due to an overcapacity issue.

As a result, steel prices are trending up due to capacity elimination. There is not likely to see huge decline in global steel prices moving forwards.

Overall, most of the local steel companies are currently enjoying strong cash flows and reasonably good demand visibility in the intermediate term.
Unquote

Comments
Look like uncle Koon is wrong again, OTB is right again.

Demand of long steel bar is greater than supply of long steel bar.

Hence it is very important to do homework rather than listen to rumour.

Posted by AllWin > 2018-01-29 09:15 | Report Abuse

Please look at below ongoing mega projects. I am excited. Not only this will support local steel demand but can't wait to have them.
https://www.facebook.com/boardofengineers/videos/2002918906586415/

Posted by nameless93 > 2018-01-29 10:01 | Report Abuse

Can someone update agm result here on bonus issue?

Posted by STC1136 > 2018-01-29 10:12 | Report Abuse

Refer brother RicheHo, As at 1/24, the latest Y16-32 steel bar price per tonne is as below:

Southern Steel – MYR2,610
Amsteel (Lion Industries) – MYR2,600
Ann Joo – MYR2,640
Masteel – MYR2,590

Posted by titus > 2018-01-29 10:22 | Report Abuse

Ya ya.. Woke up tis morning n forgot about bonus. Can someone update.hehe.
It sure approve but wanted to know when.

Posted by titus > 2018-01-29 10:23 | Report Abuse

Thanks allwin for the link. After watching the video, suddenly felt I din buy enuf. Lol.

Posted by tianwang > 2018-01-29 10:24 | Report Abuse

meeting not yet start mah...1pm today...

Posted by GG_Liang > 2018-01-29 11:47 | Report Abuse

Hiaptek already 50c. This counter is still sleeping

Posted by shadowhao > 2018-01-29 14:42 | Report Abuse

bonus issue approved

Posted by uzairbhatti0157 > 2018-01-29 14:44 | Report Abuse

shadowhao?? You are asking or telling after getting info

Posted by theintinvestor > 2018-01-29 14:46 | Report Abuse

ex date bila

Posted by Crazyrenoma > 2018-01-29 14:46 | Report Abuse

BUY BEFORE TOO LATE. THOSE ATTENDED EMG WILL KNOW.

Posted by Crazyrenoma > 2018-01-29 14:47 | Report Abuse

WAIT TO RECEIVE ANG PAO FROM MASTEEL. HAPPY CNY!

Posted by Snoopy仔 > 2018-01-29 14:53 | Report Abuse

Let enjoy the steel theme rally another round soon

Posted by JN88 > 2018-01-29 14:56 | Report Abuse

Expected steel price will run to rm4000k per tonne..... I still remember 2008 still price at Rm2 800 all steel counter already sot sot.

Posted by csl1991 > 2018-01-29 15:00 | Report Abuse

Bonus issue coming... Almost certain Masteel will report very good result in upcoming quarter. What a waste if you lose your standing once people shake you a bit.

Posted by Crazyrenoma > 2018-01-29 15:06 | Report Abuse

Crocodile waiting good timing to makan. HOLD your position and wait

Posted by shadowhao > 2018-01-29 15:09 | Report Abuse

i am telling info. bonus issue approve. now pendibg ex date announcement. buy before too late

Posted by Crazyrenoma > 2018-01-29 15:11 | Report Abuse

THE EXDATE IS VERY INTERESTING. WAHAAHAHHAHAHHAAHHAHAHAHAHAH....

VALUABLE INFO OBTAINED. THIS EGM REALLY WORTH TO ATTEND

Posted by Crazyrenoma > 2018-01-29 15:12 | Report Abuse

80-90% of seats occupied

Posted by SuperPanda > 2018-01-29 15:15 | Report Abuse

JN88, yours 4k per tonne not makg sense. 2.8-3.0 already high for us in construction. In 2014 1.6-1.8k per tonne. that cause losses.

Posted by Elvis Wkw > 2018-01-29 15:16 | Report Abuse

private placement + bonus issue ... +.+

Posted by aslm > 2018-01-29 15:20 | Report Abuse

hi crazyrenoma, have you attended the egm? what kind of valuable information? mind to share with us?

Posted by Myeye > 2018-01-29 15:20 | Report Abuse

+1.69 ~.~

Posted by Crazyrenoma > 2018-01-29 15:20 | Report Abuse

FYI. SABAH IS SELLING AT 3k per tonne now.

price between between 2.8 - 3.1 is good and healthy

Posted by Elvis Wkw > 2018-01-29 15:21 | Report Abuse

will it drop or further adjust the price for the private placement issue...??????????????????????

Posted by Crazyrenoma > 2018-01-29 15:28 | Report Abuse

THOSE TIGER WHO BOUGHT ON 24 JAN WAITING TO SELL THEIR TICKET . WAHAHA

Posted by AllWin > 2018-01-29 15:31 | Report Abuse

Final batch of private placement fully subscribed by Macqurie last Friday. Price won't adjust due to PP but bonus issue yes.

Posted by JN88 > 2018-01-29 15:34 | Report Abuse

Superpanda : 4 k make sense.... Demand will going up till year end.... If all the big project run... 4k coming.

Posted by purple98 > 2018-01-29 16:01 | Report Abuse

Thanks all the info by the EGM

Posted by uzairbhatti0157 > 2018-01-29 16:50 | Report Abuse

info about entitlement date??

Posted by SuperPanda > 2018-01-29 16:51 | Report Abuse

Sabah/Sarawak normal 10-20% higher than here. 4K wont reach. Contruction will slowdown, demand will lower and price will down back. Its economy effect. Higher price/lower demand.

Posted by nameless93 > 2018-01-29 17:47 | Report Abuse

How much was the proposed bonus issue?

Posted by STC1136 > 2018-01-29 18:28 | Report Abuse

Bonus 1:3 latest news : Ex date 12/02/18, entitlement date 14/02/18.

That means bonus is given before CNY.

Posted by uzairbhatti0157 > 2018-01-29 18:35 | Report Abuse

Why dropped??? With bonus news

Posted by GG_Liang > 2018-01-29 19:01 | Report Abuse

呵呵

Posted by Kesley Tan > 2018-01-29 19:39 | Report Abuse

haha. boss wan to give angpau before CNY. ex in 2 weeks from now

Posted by shadowhao > 2018-01-29 19:56 | Report Abuse

private placement to macquarie . after that bonus issie for retailer n institution before cny.


must buy

Posted by titus > 2018-01-29 19:58 | Report Abuse

This time haut already. Boss give CNY present and best is also valentine....lol.....Really Huat ah....heng ah!!

Posted by Kesley Tan > 2018-01-29 20:13 | Report Abuse

continue hold lo. no big red candle also.

Posted by GG_Liang > 2018-01-29 20:31 | Report Abuse

Limit up

Posted by Mohd Fahmi Bin Jaes > 2018-01-29 20:32 | Report Abuse

No

Posted by I3investerdin > 2018-01-29 20:50 | Report Abuse

Buy after 2017 dpt bonuskah...newbie..

Posted by STC1136 > 2018-01-29 21:02 | Report Abuse

1 USD = RM3.83 at international price now....

Tomorrow another goods news as RM further strengthen again.

Masteel Cost continue drop, profit increased........

Posted by Sharemaster8 > 2018-01-29 21:03 | Report Abuse

Tomorrow go up again. End of Feb good news on masteel quarter result

Posted by STC1136 > 2018-01-29 21:04 | Report Abuse

latest at 9pm just now 1 usd to RM3.838

Posted by STC1136 > 2018-01-29 21:08 | Report Abuse

So many good news on Masteel 1Q18:

1. Bonus 1:3 before CNY
2. RM strengthen about 5% since 01/01/18
3. Rebar price range RM2,590 to 2,700, higher ASP compare Q417
4. Strong demand in market, Q1 18 continue to get higher sales volume

with the above, i strongly believe Q1 18 estimated core profit will at 25 mil to 30 mil

Don't miss this chance, more profit to come...

Posted by kevin008 > 2018-01-29 21:09 | Report Abuse

https://m.facebook.com/story.php?story_fbid=2085259478360773&id=2017748508445204

Posted by bluebiznet > 2018-01-30 01:35 | Report Abuse

Bonus issue doesnt increase the stock value you hold, always remember!

Posted by bluebiznet > 2018-01-30 01:40 | Report Abuse

"approval" of a bonus issue by share holders is not a good news either....