Buy on weakness. After CNY, result out, never get low again. Trust steel price and margin. Only that qoq might be lower due to end year 2017 construction slower, rainy season.
Today, slump down offer attractive re- enter level at 1.58-1.60. swap most of the capital free up from sapura to masteel and balance to annjoo at 3.30.
look at the price trend of Annjoo,Lion,Masteel and SSteel, the price seems controlled by big funds and press down as per their target to collect cheap.
What are they waiting for? the Q4 results? Maybe.
Masteel price has limitation on downside, as strong support by their bonus issued. Upside also difficult to predict now, hope the estimated good Q4 result really can push up the price to more than 1.83.
@calvintaneng, i read your carimin days ago. but id prefer dayang.
masteel when 66 sen steel industry bearish. no one wants to buy. all qtr losses. im in construction sector, i knew steel price weekly basis from trader.
read your opcom fibre too but not interested because its infrastructure project basis. can be awarded to opcom and may not. political influence.
@ychingooi, i already have 1.60, 210 lots. want to add more for bonus. i will get 1.55 to ave down 1.57 patient.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
aslm
379 posts
Posted by aslm > 2018-02-02 15:51 | Report Abuse
keep for bonus share