When market panic selling, sure have people want to catch the lower price as they think company low PE, discounted price, fight for rebound.....
The US tariff will impact the whole world, they will reflect slowly into their profit capability, the current price is only to reflect the starting of the tariff. If tariff details has been announced and start to implement, it may drop more, if u ask can it be 0.80 / 0.70, nobody know.
But the things i know Masteel has been gradually since last year price at 0.75 before ex bonus, if use current price 0.93 to exclude the ex bonus is equal 1.49
Therefore, who bought Feb last year at 0.75 still have 100% profit, their entry price is equal today price 0.48
They will throw ticket continuously till the price they can stand for profit, it is possible to 0.70 or lower, however if US tariff is cancel, Masteel may rebound but not like last year.
Few week or should I say days back ppl are encouraging everyone to buy bcz it will fly to 1.4, 1.5, 1.8 to 2 with bonus issue u will ve moreeeeeee money ...but one sane ppl telling other to sell???? Ooi I still respect his opinion so TA, FA still in contact. it's not just abt masteel other counters showing same response Conclusion is no one can predict stock market and financial behaviour of investors
I think for otb from now on, it's wise for him to recommend and answer only to his subscriber alone from now on, see him kena hentam every time he post in public
Once Trump settles his tariff issue, this stock should return to 1.3 region. There's nothing wrong fundamentally. Maybe in months to come we can see clearer whether something is wrong or pure panic and fear.
Guys, I still believe steel counter will continue to profit but based on the global issue, it will lost its momentum.
And Q1 result normally will be lower than Q4 due to CNY holidays, so next qtr rpt wont help much. I still have 200 lots on hand. Will be selling if it can go to 1.10
This company is currently worth at least RM1.10 if you exclude its debt, most steel mills usually run on high debt anyway. Unless following quarters it fails to deliver good profit then it is doomed. Otherwise I think the drop is mostly because of bad market sentiment and fear.
From Bush 1 to present, our Country has lost more than 55,000 factories, 6,000,000 manufacturing jobs and accumulated Trade Deficits of more than 12 Trillion Dollars. Last year we had a Trade Deficit of almost 800 Billion Dollars. Bad Policies & Leadership. Must WIN again! #MAGA
The tariff will implement very high probability. Will announce very soon maybe tomorrow....Another wave of downtrend is coming tonight......
EU trade chief comments on US tariffs EU trade chief comments on US tariffs 7 Mins Ago | 00:34 The European Union outlined a three-pronged response to proposed metals tariffs from President Donald Trump's U.S. administration on Wednesday.
Speaking at a press conference in Brussels, Cecilia Malmstrom, the EU's commissioner for trade, said the institution would take the case to the World Trade Organization and would coordinate its actions with other trade partners that are also against the proposed tariffs from the U.S.
She also said that Brussels has prepared a provisional list of U.S. products that would see higher tariffs from the EU, if Trump does indeed move ahead with the import taxes. This list has not been made public, but according to leaks in the media, the EU's tariffs could amount to 2.83 billion euros ($3.52 billion).
Lastly, she said that the EU was getting ready to put safeguard measures in place to prevent metal flooding in the EU, as a result of the tariffs.
"There are indications that President Trump, very soon, in the coming days, we don't know for sure, may sign-off a decision on import tariffs of 25 percent on steel and 10 percent on aluminum, which he announced on the March 1," Malmstrom said.
"This is done under something that's called section 232, which refers to internal or national security. We have serious doubts about that justification, we cannot see how the European Union's friends and allies in NATO can be a threat to national security in the U.S. We find that assumption deeply unjust," she added.
In the eyes of the EU, "the motivation of the U.S. is an economic safeguard measure in disguise, not national security measure," Malmstrom added. "That means the EU is entitled to make use of a WTO safeguard agreement to rebalance benefits that we have given to the U.S. in the past."
Trump said last Thursday that the U.S. would be imposing a 25 percent tariff on steel imports and 10 percent on aluminum, insisting such imports are a threat to national security. The announcement, which has received some criticism from within the president's party, has raised concerns all over the globe over a potential trade war.
The European Union is the first trade partner to present specific steps against the U.S., if Trump moves ahead with steel and aluminum charges. However, Canada has vowed to come up with its own countermeasures. Mexico, China and Brazil have also said they are considering steps to retaliate.
Last weekend, European Commission President Jean-Claude Juncker said Europe needed to take measures as a response to Trump's tariff threat. "This cannot be a unilateral transatlantic action by the Americans," he said. At the time, he mentioned possible taxes on Harley-Davidson, bourbon and Levi's.
Likely possible to drop further tomorrow as DJ market is possible end up in RED...will consider to buy in 0.83 to safeguard the unimaginable outcome....
Why did this stock fall much more than other steel stocks? It's ok for me, but it is strange. i will buy the stock more tomorrow.Buy fundamentally good stocks at a low price.it will surge near future.
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....
Micht
85 posts
Posted by Micht > 2018-03-07 15:27 | Report Abuse
been trying to catch, but i catch no balls. because the selling is endless