Poorer QoQ results was mainly due to lower margin on a higher material and consumables cost despite an improved selling price in the current quarter (Gross Margin 8.5% vs 9.8%)
Touch n go investor look at narrow picture...result below expectation not necessarily bad...go to their plant...they are clearing the land to accomodate more space for better future...more machinery came in...to improve efficiency...this may temporarily eat some profit but they still delivering explosive yoy result.
@MrPauper u are crazy. The weighted average shares shown in B11 as at 31 December 2017 is 301,493,000 whereas 30 June 2017 is 241,663,000. The impact is because of the private placement and this will diluted the eps with the result of profit 10.5m with eps 4.38 in june 2017 with the latest dec result shown profit of 12.1m with eps 4.02.
Why so bother on the Q4 results which was 2 months ago.They are not losing money in Q4. Look at the ASP now and long steel price in china still increasing, do you think coming Q1 will be even better?
See you again masteel. Eps only 3 Sen. Pe 9=1.10. Gong hei.fuck choy. Fuck, wait to collect my share tomorrow. Tomorrow opening should be around 1. 24.
YoY profit ady increase so many.. about 250%.. how much profit do those shareholders that going to sell masteel tmr want? Q4 results is consider good actually.. And steel price is still maintain at very high level at the moment. I believe masteel profit will be good in Q1 too.. As Izz88 said why so bother Q4 results? 1 quarter good 1 quarter does not meet high expectations of certain shareholders means overall is not good? Why not hold for 1 more quarter and see. Nothing to lose.. PE below 8 even at 1.40..
Some of you might want to compare masteel with other peers. Afaik, Lionind unable to deliver orders, we shall wait its results before I say anything. Ssteel high debts and with material court cases.
People try to create fear so that can collect at low price....there know masteel have potential for upside...that why they still comment here....old trick
Debt over 300 Milion, market cap around RM600m. But earning for this quarter only RM 12 Million despite high revenue. Money go to where already? Shitty company !!!
Those who sell tmr really throw money into the sea. When they see the true value of masteel sure regret. Create panic selling so that can collect at low price? Hahaha.. if u notice there r huge accumulation at 1.35 to 1.40, I believe they r Institutes. Do u think they so stupid collect at the range of so called high price?
Tmr morning I guess sure many panic selling.. if those true investors can hold hands together do not sell their portion tmr make those so called "investors" regret.. should give those ppl who ask to sell or say masteel will limit down tmr a lesson..
Tmr will b the day for those real investors to top up.. guys, tmr morning ready to shopping.. hold for 1 more quarter n see, I believe masteel won't disappoint u. No harm holding a share at its fair value now, if u see for future.
I agree with VincentTang. Masteel forward PE is 12.5 and most other steel stocks forward PE <10. Market very high expectation on Masteel and quarter result below market expectation.
Posted by VincentTang > Feb 27, 2018 10:13 PM | Report Abuse
OMG, VERY BAD QUARTER RESULT. VERY BELOW MARKET EXPECTATION.
IF BASE ON 12 MILS NET PROFIT AND MARKET CAPITAL 600 MILS, FORWARD PE IS AROUND 12.5. COMPARE TO MOST OF STEEL STOCK, FORWARD PE IS <10.
Look at annjoo, results also below high expectations by the market, by it still can trade at its fv the next day. The reason is bcoz many real investors in annjoo, they see the future in the co. Masteel should b the same. Real investors do not chase when qr is far exceed expectations, those who only chase when results is far exceed expectations n sell when 1 quarter does not meet their high expectations are gamblers. Real investors only sell when the co is not growing anymore or the results r getting worst for few continuous quarters.
Masteel revenue is improving, Q4 ady achieved new high in history. Generous mgmt giving BI to reward their shareholders as compensation of not giving dividends. None of the other peers do the same thing. Only annjoo giving dividend as it is their policy.. masteel no dividend but gt BI as consolidation prize.. I believe Q1 2018 masteel revenue going to break new high again, as the high steel price at the moment. China rebar price ady broke RMB 4000. When May qr release those who sell tmr will cry.
Just under expectation of traders. Long term the company future is still very good. Can you find which sector in Bursa can have high visibility of profits other than steel companies?
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....
Tom
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Posted by Tom > 2018-02-27 20:05 | Report Abuse
还有股价是反映未来,所以股价的顶点是多少就只能让炒家来决定