All malaysia steel counter now is facing related affect like one house kena fire in the big kampong, but later spread to second & third house, it just like a link chain from one to another.
Example supplier sell to a manufacturer in china who customer is based on malaysia which export to US, ends up all the steel products to US.
Remember is all steel product.
So the whole world manufacturer need to reduce their production as orders start to cancel since Feb 2018.
The below article is well said. Therefore sell & parking aside will be a best choice as you don't know hog big the impact is. Holding power with cash you may want to fight for a rebound. If TRUMP made u turn and nothing happen, rebound will start to go.
1686 aslm.......taking bad ..............please differenciate talking bad and talking facts
Azman Mohamad Zanal ....Please show proof/data that my info is fake
If Malaysia steel market is not affected why would steel counter fall 3% to 6% 05/03/2018 13:56
................................................................................................................................................ @1686...i never trigger buy/sell signal here....i never said price will drop until 50 cent... i never said i will que at 75 cent....why because it can cause bad influence and fear whether u intention try to buy low or not. i admit i have lost on Masteel but only 1000 ringgit and i still hold. i can cut loss anytime if i i want. i never blame anybody or ask anybody to follow me to cut loss.I want all trader to profit form stock. Masteel is only 10% of my portfolio.
U posts said that :-
- Malaysia steel export market is heavily affected since customers have cheaper source of raw material.
- It is like chain reaction , Jap , Korea , Taiwan damp steel to neigbour countries, eg Vietnam
Than Vietnam producer will sell excess capacity to south east asia
- Mean Malaysia will have cheap products competition from Korea, Japan, Taiwan since these country have excess capacity Hence impact is not Malaysia export to US, is all affected countries will damp to other countries for their excess capacity
Can i know whose write this news .....or it just your though.?
cause i overlook this statement on any news....anyway good posts.
thanks for your comment and iam sorry if i am wrong... i pray u will profit on stock trading.
Trumps tweet six hours ago: We are on the losing side of almost all trade deals. Our friends and enemies have taken advantage of the U.S. for many years. Our Steel and Aluminum industries are dead. Sorry, it’s time for a change! MAKE AMERICA GREAT AGAIN!
how low you wanna buy, lower high, lower low.. the price tell you what to do. you go against the trend then you hold under pressure.. exactly what pitbull mentioned. here no "i think", the price is the fact. it was never too late to admit mistake...
................................................................................................................................................ @1686...i never trigger buy/sell signal here....i never said price will drop until 50 cent... i never said i will que at 75 cent....why because it can cause bad influence and fear whether u intention try to buy low or not. i admit i have lost on Masteel but only 1000 ringgit and i still hold. i can cut loss anytime if i i want. i never blame anybody or ask anybody to follow me to cut loss.I want all trader to profit form stock. Masteel is only 10% of my portfolio.
@ Azman ....in share market we end up gain or lose....hope u make money in future
worried abt US market today and how it will affect Malaysia market.............thats for sure malaysia market drop when US drop but dont get up when US up......silly game
It is too simplistic to say that SKorea, Japan and the other countries that export to US will immediately stop exporting to US and thus divert all their export to poor Malaysia. Please think deeper. Please do not forget that there is already an import duty imposed on steel bar coming to Malaysia since 2017 to 2019.
This is really a knee-jerk reaction out of all proportion as book value is about RM2 now selling for RM1, MOS is 100%. BUY!!!
Simplistic and to think deeper is not SKOREA, JAPAN or other countries will export to Malaysia despite Malaysia steel tariff but the impact on global steel prices for April, May and Jun earnings...think deeper......
Dow will definitely crash tonight seeing how all SMall and Medium enterprise are affected by the higher steel price in US gonna be worse tomorrow until bloody trump decides to cancel the tariffs.
Masteel Scenario 1 PBT 70.9m minus 12m (net of gain and write off) = Adjusted PBT 58.90m Less 24% Tax = 14.13m PAT = 44.76m EPS = RM0.1048 PE 8 =RM0.84
Scenario 2 PAT Q4'18 12.15m x 4 = RM48.6 EPS = RM0.1138 PE 8 = 0.91
I REPEAT. MASTEEL ONLY WORTH 0.84 - 0.91. 05/03/2018 15:47
Agreed d trump did something to steel and aluminium sector but why whole sectors reacted....almost all sectors bleeding...few weeks back semi conductor and steel were strong sectors but now see them falling like sand castle
Investorss, be careful. Today the Hangseng Index has drop 697 points to 29,886. This can be considered drastic. The Hangseng and Nikkei is quite core-related to the Dow Jones as both of them can be considered as the bell weather of the Far East market.
A drastic drop of both means tonight Dow Jones might plunge. Hopefully the Dow will not plunge more than 500 points if not there will be another day of big selloff tomorrow in Asia.
US future already pare down loss from more than -200pts to less than -30pts. If sentiment improved, US index may turnaround into positive, offer rebound support for local tomorrow.
@Masteel: Please don't use such word. As human being, it is normal for us to believe in anything when hopeless. Hng33 could be someone who earn the living by selling his analysis skill and experience to help people to make profit. I would certainly said his FA and TA are good, but the stock is influenced by too many factors. Perhaps he should not come out with word to let us felt "sure win". Then we will have high expectation and human reaction want to see him fail.
Just take those commends, opinion and nonsense tp as norm in this forum. Those who never lose money yet, please don't laught (wingold). If you want to thanks Trxmp, please do it silently.
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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....
STC1136
977 posts
Posted by STC1136 > 2018-03-05 14:11 | Report Abuse
All malaysia steel counter now is facing related affect like one house kena fire in the big kampong, but later spread to second & third house, it just like a link chain from one to another.
Example supplier sell to a manufacturer in china who customer is based on malaysia which export to US, ends up all the steel products to US.
Remember is all steel product.
So the whole world manufacturer need to reduce their production as orders start to cancel since Feb 2018.
Till May 18 will realise more actual picture.....