Posted by sky2 > 2014-08-21 10:26 | Report Abuse

KUALA LUMPUR (Aug 19): Moody's Investors Service has revised its outlook on the Asian steel industry to stable from negative.

Posted by sky2 > 2014-08-21 10:27 | Report Abuse

I believe there would be a Steel play somewhere in the near future.....collected some this week...

Posted by sky2 > 2014-08-21 10:29 | Report Abuse

Anyway I sold off Marco bought at 15.5sen and park here...

Posted by James > 2014-08-21 11:08 | Report Abuse

@sky2 , at what price you bought ?

Posted by sky2 > 2014-08-21 11:19 | Report Abuse

1.06 to 1.09 BTW
Why people said to me Marco is a sunset ind when I bought at 15.5sen , but all rush in to buy Marco this week ....where is the logic

Posted by bladekiller > 2014-08-21 11:20 | Report Abuse

sky, do u have a blog that i can read on?
btw, already holding @ 1.06 recently

Posted by sky2 > 2014-08-21 11:38 | Report Abuse

It is better to unblog than to blog, ......so I can set my mind to make more money in low profile......my way

Posted by bladekiller > 2014-08-21 11:48 | Report Abuse

ahh.. ok

Posted by sky4524 > 2014-08-21 20:31 | Report Abuse

http://www.theedgemalaysia.com/mobile/article.php?id=293470

Posted by Thomas Hing > 2014-08-22 17:27 | Report Abuse

:D... masteel coming back..

Posted by linjie > 2014-08-22 21:50 | Report Abuse

waiting at 1.3

Posted by carson8 > 2014-08-23 11:44 | Report Abuse

i believe it will double up before year end

Posted by carson8 > 2014-08-25 10:24 | Report Abuse

26 q result will be out, today performance speaks for it

Posted by bladekiller > 2014-08-25 11:27 | Report Abuse

come on masteel.. 1.16 today?

Posted by Ali Baba > 2014-08-25 17:24 | Report Abuse

中韩印尼钢铁產品　大马展开反倾销调查
财经 2014年6月18日


（吉隆坡18日讯）政府將对中国、印尼及韩国进口的热轧钢铁、花纹钢铁及酸洗涂油钢铁產品展开反倾销调查。

国际贸易及工业部今日发文告表示，会在展开调查后120天內做初步裁决。若確定真有其事，政府將会对这些產品徵收反倾销税，以避免对行业造成进一步伤害。

贸工部已准备好一系列问卷，以进行调查工作，相关人士需在7月2日前索取问卷。

政府於今年5月20日接获来自本地商家的请愿书，要求对上述进口產品徵收反倾销税。

商家指出，来自这些国家的进口產品，以比本地市场低许多的价格进行销售。他们也表示，这已经对本地钢铁领域带来严重的伤害。

Posted by Ali Baba > 2014-08-25 17:25 | Report Abuse

By 120 days it should be within this 1 or 2 months

Posted by Ali Baba > 2014-08-25 19:28 | Report Abuse

We would like to state that this Report (as well as the previous report on 26 August 2013 which suggested that the Project would be scrapped) by the News Straits Times is inaccurate and misleading.
We will seek clarification with the New Straits Times on this matter in due course.

Today announcement

Posted by carson8 > 2014-08-27 16:42 | Report Abuse

masteel , spectacular performance, more and better one are coming up, suming it up thats what ppl meant by prices skyrocketing

Posted by Ali Baba > 2014-08-27 19:24 | Report Abuse

Review of performance
The Group reported a profit before tax of RM10.79 million on the revenue of RM359.99 million
for the current quarter compared to a profit before tax of RM10.86 million on the revenue of
RM342.26 million for the previous year corresponding quarter. The increase in revenue in the
current quarter is mainly attributed to higher sales volume. The Company recorded a marginally
lower profit mainly due to a lower margin on a higher sales volume in the current quarter.
B2. Comparisons with immediate preceding quarter’s results
The Group’s revenue for the current quarter recorded an increase of RM22.31 million to
RM359.99 million mainly due to higher selling price and sales volume. The Group recorded an
increase in profit before tax of RM10.79 million as compared to RM7.67 million in the
immediate preceding quarter mainly due to higher margin from the higher sales volume in the
current quarter.
B3. Prospects
The prospect for the strong flow of orders for the Company's products is expected to be
favourable for the rest of the year and price volatility for steel bars, billets and scrap is predicted
to fluctuate within a narrow band.
The series of technical improvements recently commissioned at the Company's plants are yielding
encouraging results that will augur well for the Company's bottom line. The construction of the
Company's new 200,000 MT per annum rolling mill is proceeding as planned and is entering the
equipment installation phase.
With the long public holidays in July over, the Company is poise to earn steady revenues until the
end of the year predicated on no extensive change of underlying business environmen

Posted by Ali Baba > 2014-08-27 19:28 | Report Abuse

congratulation all the masteel shareholder, revenue increase from 337 mil to 359mil, net profit increase from 7mil to 10mil q-o-q, which translate 4.56 eps , PE 6 !!!!! buy !!!! the prospect is bright and steady in favorable. Compare to others steel player annjoo PE @ 13, we shall see masteel double up the price in near future, woohooo

Posted by Ali Baba > 2014-08-27 19:29 | Report Abuse

soon the research house will increase their target price to outperform TP RM2

Posted by sky2 > 2014-08-27 19:36 | Report Abuse

Thanks u would notice the share price is about 50% of book value of 2.55.....and with undervalued assets some more.....kinda turnaround for better futures like import duty for steels etc.....

Posted by sky2 > 2014-08-27 19:46 | Report Abuse

anyway sharks strong present noted...

Posted by Ali Baba > 2014-08-27 20:02 | Report Abuse

woohooo, another good news here :

We refer to the announcement made on 19 January 2011, wherein Masteel announced that the Company had entered into a Heads of Joint Venture Agreement (“JVA”) with KUB Malaysia Berhad (Company No. 6022-D) (“KUB”), a company listed in the Main Market of Bursa Malaysia Securities Berhad whereby KUB and Masteel (“Parties”) have agreed to combine their capabilities and resources to co-operate and collaborate with each other in the joint-venture company, Metropolitan Commuter Network Sdn Bhd (“MCN”) to pursue the rail transit network project in the Iskandar Development Region (“Project”) and the Parties are desirous of submitting a joint proposal for the Project to the Government of Malaysia (“Proposal”). Pursuant to Bursa Malaysia Securities Berhad's letter dated 4 August 2006, we wish to announce the status of the JVA as follows:-

The Company had received the Johor State Government support on our proposal and the Company would proceed with the relevant State and Federal Government agencies for the necessary approvals.

Posted by bonescythe > 2014-08-27 21:43 | Report Abuse

Boom la..
:D

Posted by garygee77 > 2014-08-27 21:53 | Report Abuse

Ali Baba...why you post those old story...would it makes the share grow...!!

Posted by carson8 > 2014-08-27 22:33 | Report Abuse

terrific good news, mrt already in wilayah, mcn present in johore is real. i absolutely believe that this will happen

Posted by tigerbeer > 2014-08-27 23:33 | Report Abuse

latest announcement... good!!!!!!!!!!!!!! already proceed!!!!!!!!!

Posted by keng88 > 2014-08-28 01:33 | Report Abuse

today boom....up...

Posted by balvin71 > 2014-08-28 08:04 | Report Abuse

Good news. Hope not another scenario of Buy on rumours and Sell on news!!! Anyhow, I am long term on Masteel. If it dips, I will accumulate some more.

Posted by bladekiller > 2014-08-28 08:40 | Report Abuse

PETALING JAYA: Malaysia Steel Works (KL) Bhd (Masteel) has received the green light from the Johor state government to proceed with the rail transit network project in the Iskandar Development Region.

“The company would proceed with the relevant state and Federal Government agencies for the necessary approvals,” said Masteel in a filing with Bursa Malaysia yesterday.

The announcement comes following a local news report on Monday which claimed that the project, which would be undertaken jointly between Masteel and KUB Malaysia Bhd, was unlikely to be approved by the state government.

Masteel had clarified on Monday that it had not received any notification from any ministries or government agencies indicating that the Iskandar commuter rail project “will not take off or will be scrapped or otherwise cancelled.”

Masteel and KUB had entered into a heads of joint venture agreement on Jan 19 to pursue the project in Iskandar, which will be undertaken via a joint venture company, Metropolitan Commuter Network Sdn Bhd.

Meanwhile, Masteel’s net profit for its second quarter ended June 30, was flat at RM10.10mil compared with RM10.13mil in the previous corresponding period, mainly due to a lower margin on a higher sales volume.

Revenue meanwhile increased to RM359.99mil from RM342.26mil, which was mainly attributed to higher sales volume, it told Bursa Malaysia in a separate statement.

For the six-month period ended June 30, net profit increased to RM17.38mil from RM13.68mil in the previous corresponding period, while revenue rose to RM697.67mil from RM672.30mil a year earlier. Masteel said the prospects for the strong flow of orders for the company’s products were expected to be favourable, while the prices for steel bars, billets and scrap were expected to fluctuate within a narrow band.

http://www.thestar.com.my/Business/Business-News/2014/08/28/Masteel-to-proceed-with-commuter-rail-project/

Posted by keng88 > 2014-08-28 09:10 | Report Abuse

why down...

Posted by Nitezzz > 2014-08-28 12:53 | Report Abuse

Bought 10 lot huhu....

Posted by carson8 > 2014-08-28 16:58 | Report Abuse

those who buy, you are w buffet, buy when others are scare

Posted by blowjob > 2014-08-28 17:30 | Report Abuse

Joke of the year by carson8

Posted by Ali Baba > 2014-08-28 22:34 | Report Abuse

Comparing all the steel player in bursa:
Masteel is among the best performance and I see no reason why the price stay so low
by giving 12 PE in average for steel player we might see the market price double up in near future

Perwaja making loss (Latest result yet to come out)
NTA RM0.71

Kinsteel making loss (net loss 247 millions / -9.08 eps)
NTA RM0.51

Lionind making huge loss (net loss 486 millions / -57.97 eps)
NTA RM4.21

Masteel 5.77 PE
EPS 4.56 x 4 = 18.24
NTA RM2.50
Market Price : RM1.07


Ssteel 11.875 PE
EPS 3.2 x 4 = 12.8 cent
NTA RM1.98
Market Price : RM1.52

Annjoo 34 PE
eps 0.97 x 4 = 3.88 cent
NTA RM2.08
Market Price : RM1.32

Posted by Alex Chan > 2014-08-28 22:38 | Report Abuse

No use. Steel industry not in favor. It will go back into coma

Posted by tai yee > 2014-08-29 11:27 | Report Abuse

masteel is the lowest in price..... someone control on market?

Posted by SKY2 > 2014-08-29 13:10 | Report Abuse

Nice updates Ali Baba, thanks a lot ..bear in mind share price is less than 50% of book value...so attractive...with low pe

Posted by sky4524 > 2014-08-30 09:15 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/08/30/Masteels-will-of-steel-Steel-producer-keen-for-rail-project-to-run-alongside-its-core-business/

Posted by Ali Baba > 2014-08-30 13:19 | Report Abuse

indeed very good prospect and honest business man

Posted by Cheng Yeow Ng > 2014-08-31 03:03 | Report Abuse

MA STEEL
https://www.facebook.com/HollandStock

Posted by sky2 > 2014-09-01 10:17 | Report Abuse

Steel dumping


Published: August 30, 2014; Last modified: August 30, 2014 11:30PM

NORTH America has plenty of reason to celebrate...........

The U.S. International Trade Commission recently approved a request to impose tariffs on steel imported from six countries accused of unfairly undercutting American competitors. Called “steel dumping,” the process involves foreign producers using government subsidies from their own countries to import and sell steel in the United States for below-market prices. - See more at: http://www.chieftain.com/opinion/2854244-1...s.0yfcOo2R.dpuf

- See more at: http://www.chieftain.com/opinion/2854244-1...h.pxGAEZDs.dpuf

Posted by sky2 > 2014-09-01 10:18 | Report Abuse

All in, MIDF Research said, pending further clarity from outcome of the petitions of local steel mills which have submitted their petitions to Ministry of International Trade and Industry (Miti) for trade remedies against the dumping of steel products which have impact profit margins, it maintained its forecast of Lion Industries for FY15.



“Equally, potential trade measures that could be imposed on both long and flat products in Malaysia could help level the playing field against the dumping of cheap Chinese steel imports,” it added.

Posted on September 1, 2014, Monday

Posted by Ali Baba > 2014-09-02 17:12 | Report Abuse

Whether the corporate proposal involves the issuance of new type
and new class of securities? No
Types of corporate proposal Others
Details of corporate proposal Exercise of Warrants
No. of shares issued under this corporate proposal 1,015,438
Issue price per share ($$) MYR 0.670
Par Value ($$) MYR 0.500
Latest issued and paid up share capital after the above corporate proposal in the following

Units 228,690,671
Currency MYR 114,345,335.500
Listing Date 03/09/2014

Posted by Ali Baba > 2014-09-02 17:12 | Report Abuse

apa macam...

Posted by Tan ChinWei > 2014-09-02 23:31 | Report Abuse

alibaba, what is the meaning of this?

Posted by Future87 > 2014-09-03 01:04 | Report Abuse

Is this bad news? I've heard company that keep issue warrant is not a good thing since it dilute share. Anyone can explain this news?

Posted by Ali Baba > 2014-09-03 06:47 | Report Abuse

meaning the company is confident, keep exercise warrant to mother share even warrant is in premium price

Posted by Future87 > 2014-09-03 09:56 | Report Abuse

Oh... this news is convert warrant to share? I thought is issue more new warrant. Pardon my mistake.