Masteel rebar and billet production capacity is about same compared to Annjoo, about 700,000mt.
If Masteel without having need to incur extra cost for upgrade and overhead cost like Annjoo which affect Annjoo profit earning in latest Q4 result, then, Masteel should post stronger earning in upcoming Q4 result
To buy anjoo and ssteel after rpt out a bit late, should wait for weakness. Only masteel and lionind yet to announce qtr rpt (should be this week). May have another 10% gain before market slow down when GE announce.
Most likely today d.... cant be later than a week ... chill la only 550. results will slowly churn out until 7pm ... lets get nervous !! and remember anything more than 15m is considered good since there is a one off last quarter
Superpanda..your writing lead me to this counter esp during price sell down before bonus issue. Whatever the result having 25% gain so far very much appreciated.
Masteel result may delay till tomorrow, be patient..
There is no much to worry as there is no significant bad news affecting Q4 period....look at Annjoo and Steel, profit is only keep increasing
Masteel definitely profit above 20mil, only thing is whether 23? or >25mil?
if >25 mil, i estimate Masteel can hit 1.50 in short term period....
The resent price hit 1.40 is proved that more and more investers is interesting to invest Masteel, of course when price up, many seller start sell between 1.35 to 1.38, which i feel that is healthy, as the Q4 results is not out, some have sold and parking side to observe, however, if Q4 result is better that expected, they need to buy more expensive.
As i said previously, Masteel is good to hold for Mid-term, hold it at least till end of 2018, you will be impressed for the money u made in Masteel.
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....
poyo
108 posts
Posted by poyo > 2018-02-26 09:14 | Report Abuse
TP 1.45