Trump wont dare to implement tariff. Within a week mrkt will be rebound. Even it will help local steel industry, it will impact on its automaking and can beverage or others alum products internally.
The real fear behind this is not the tax tariff on imported steels and alu. It's the retaliation actions from other countries that the traders around the world fear.
According to Malaysian Iron and Steel Industry Federation president Datuk Soh Thian Lai (pic), Trump’s trade actions’ actual potential financial effects on local steel players are limited.
“The impact is not severe because Malaysia only exported 96,000 tonnes to the United States out of 34 million tonnes which it imported (in 2017). Malaysia’s imports from the United States only took up 0.28%, and Malaysia mainly exported flat products to the United States,” he told StarBiz.
“Trump’s action to use Section 232 of the Trade Expansion Act of 1962 in view of national security reasons was totally uncalled for because currently, those high-end steel products for automotive, aeroplane and transportation industries are mostly imported,” Soh added.
AmInvestment Bank Research said “But we have protection measures from the Government so it should be okay (for companies locally). I believe that South Korea and Canada would experience the most impact from Trump’s announcement. But China’s exports to the United States is also not that high,” he said.
“Steel stocks falling is an overreaction to the news and I don’t foresee much of an impact. If demand does not pick up, then we might see steel prices going down but the demand outlook so far remains good,” he added.
old man love masteel.. sold back 55% at 1.07,1.06 release the burden and secure back capital lock back big profit.. its just tactical step for fight more strong later old man hold huge one here avrrge 1.01++ up 1 sen also means a lot.. tut tut always dare to buy when mega correction happen
Keep repeating as you may. Your price is at best a historical representation. You're not even forward looking. Are you investing in the stocks for 1year before or for the future?
Myongcc5, I think u have stuck in this stock and easily fuming over people comments. Be calm, it will come back maybe a year or 2 years or even 10 years to your target price.
I am understand your position, this is normal human behavior once losing it will get irritate. Today losing money doesn’t mean we cannot recover in future. Importantly is once must learn from the mistake and never repeat the mistake again. Once again, be calm, stock market it just a money game.
Malaysia produced steels are used locally. PMetal just released it the recent US tariffs has little <1% impact on its total revenue. I believe the rest of the local steel companies do have minimal impact as well.
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....
lanjiolang
702 posts
Posted by lanjiolang > 2018-03-05 22:54 | Report Abuse
just open mah, wait closing lah. go sleep first. talk to you all tmr.