MALAYSIA STEEL WORKS (KL)BHD

KLSE (MYR): MASTEEL (5098)

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Last Price

0.32

Today's Change

-0.005 (1.54%)

Day's Change

0.32 - 0.325

Trading Volume

373,100


18 people like this.

14,813 comment(s). Last comment by rizal2020 1 day ago

Posted by Maurice1688 > 2018-04-02 12:47 | Report Abuse

where is the guy saying tp 60 cents

Posted by masterkill > 2018-04-02 13:10 | Report Abuse

U know Goreng ,many Team Goreng this counter
Be careful

turbofast

257 posts

Posted by turbofast > 2018-04-02 13:50 | Report Abuse

长期看空

rogers123

4,017 posts

Posted by rogers123 > 2018-04-02 13:59 | Report Abuse

Sold all. Lock aa handsome profit

tallman

922 posts

Posted by tallman > 2018-04-02 14:00 | Report Abuse

Put up for exit Ka?

rogers123

4,017 posts

Posted by rogers123 > 2018-04-02 14:00 | Report Abuse

Return the fund to jupiter first

tallman

922 posts

Posted by tallman > 2018-04-02 14:03 | Report Abuse

The chart shows down trend.

Ivy Che

324 posts

Posted by Ivy Che > 2018-04-02 14:13 | Report Abuse

keep it still ok

TeamRocket

4,633 posts

Posted by TeamRocket > 2018-04-02 16:02 | Report Abuse

Be afraid when ppl greed

TeamRocket

4,633 posts

Posted by TeamRocket > 2018-04-02 16:02 | Report Abuse

So many get stuck at this counter, if can escape then escape, don greed otherwise you lose more.

Buyer2016

82 posts

Posted by Buyer2016 > 2018-04-02 16:13 | Report Abuse

0.60 coming... be prepared to lose more..

heima

135 posts

Posted by heima > 2018-04-02 16:30 | Report Abuse

0.90 coming...

stockmann

147 posts

Posted by stockmann > 2018-04-02 16:30 | Report Abuse

last chance to run...

镠公公

648 posts

Posted by 镠公公 > 2018-04-02 16:32 | Report Abuse

Last chance to buy cheap. What a steal

heima

135 posts

Posted by heima > 2018-04-02 16:34 | Report Abuse

flying...

Guy2017

182 posts

Posted by Guy2017 > 2018-04-02 16:34 | Report Abuse

Flying now

shawn88

234 posts

Posted by shawn88 > 2018-04-02 16:44 | Report Abuse

possible back to rm1.30?

Ivy Che

324 posts

Posted by Ivy Che > 2018-04-02 16:48 | Report Abuse

buy

JN88

11,670 posts

Posted by JN88 > 2018-04-02 16:50 | Report Abuse

Best performance counter.

Posted by MoneyMustCome > 2018-04-02 16:58 | Report Abuse

big volume. surprisingly

jeff619

59 posts

Posted by jeff619 > 2018-04-02 16:59 | Report Abuse

WILL BACK TO 1.80 SOON

Posted by MoneyMustCome > 2018-04-02 16:59 | Report Abuse

How soon? haha

Posted by Lam Fook Leong > 2018-04-02 16:59 | Report Abuse

Up with big vol and close near the top

jeff619

59 posts

Posted by jeff619 > 2018-04-02 17:00 | Report Abuse

BUY MORE AT 0.86

makcik73

208 posts

Posted by makcik73 > 2018-04-02 17:01 | Report Abuse

Cantik

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-02 17:02 | Report Abuse

dont worry NAJIB will let this rise up!

JN88

11,670 posts

Posted by JN88 > 2018-04-02 17:54 | Report Abuse

Best performance among other 4 counter... you see I told you ady.

JN88

11,670 posts

Posted by JN88 > 2018-04-02 17:55 | Report Abuse

MoneyMustCome: very soon.

TeamRocket

4,633 posts

Posted by TeamRocket > 2018-04-02 18:59 | Report Abuse

Don’t greedy, be afraid

TeamRocket

4,633 posts

Posted by TeamRocket > 2018-04-02 19:00 | Report Abuse

Very obvious there is big fund goreng-ing now, don’t trap

TeamRocket

4,633 posts

Posted by TeamRocket > 2018-04-02 19:00 | Report Abuse

This steel is a sunset industry.... like BAT

Alex™

12,594 posts

Posted by Alex™ > 2018-04-02 19:01 | Report Abuse

When up say sunny


When down say sunset...

Posted by masterkill > 2018-04-02 19:02 | Report Abuse

tomorrow put down

csl1991

245 posts

Posted by csl1991 > 2018-04-02 19:30 | Report Abuse

Steel stocks rise on Chinese rebar price gains

KUALA LUMPUR (April 2): Steel stocks began the new quarter today with sharp gains, as recent prices on the Chinese steel market offer clues to a higher profit margin for local players here.

Among listed steel players on the local bourse, manufacturer of steel bars and billets Malaysia Steel Works (KL) Bhd (Masteel) stood out from the rest as it gained 12% or nine sen to settle at 84 sen at the midday break.

Meanwhile, long steel products manufacturer Lion Industries Corp Bhd gained 7.96% or seven sen to settle at 95 sen. Other steel players too ended today's morning session higher, with Southern Steel Bhd and Ann Joo Resources Bhd both gaining 14 sen each, to settle at RM1.85 and RM3.14 respectively.

Mycron Steel Bhd went up 5.26% or two sen to 40 sen, while CSC Steel Holdings Bhd gained 2.19% or three sen to RM1.40.

Meanwhile, YKGI Holdings Bhd edged up one sen or 2.67% to settle at 38.5 sen in heavy volume, with a total of 3.17 million shares transacted for a market capitalisation of RM134.26 million by the noon break.

SJ Securities Sdn Bhd senior remisier Goh Kay Chong told theedgemarkets.com that the bout of optimism in steel stocks today could be attributed to the price difference between local and imported steel bars from China, which will fatten the profit margin of local steel companies.

"There is a price difference of 26% from local steel bars and China-imported steel, based on the latest steel bar prices quoted in the China market on Friday," said Goh.

"Local factories will then set their selling price closer to that of steel bars imported from China so as to be competitive and also to increase their profit margin. So technical indicators that showed volume and price movements are curving up, reflecting a buy for steel counters," he added.

Kenanga analyst Lum Joe Shen shared when contacted that steel stocks may now be attracting bottom-fishing buyers, given the year-to-date weakening in their share prices.

To illustrate, Masteel has declined 33% year to date from its closing price of RM1.27 on Dec 29, while Southern Steel and Ann Joo have both shed about 18% since the end of last year.

turbofast

257 posts

Posted by turbofast > 2018-04-02 19:57 | Report Abuse

这就是羊群效应,高买低卖。

hentara

87 posts

Posted by hentara > 2018-04-02 21:51 | Report Abuse

Gentlemen, one your ball had been squeezed hard by steel guru. Don't let the other ball fall into steel guru's hand.

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-04-02 22:12 | Report Abuse

Those who dont sell in this rebound r realy sorchai

镠公公

648 posts

Posted by 镠公公 > 2018-04-02 22:51 | Report Abuse

The real Sorchai is the one that comment above^
The one failed to make money. Lol

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-04-02 22:57 | Report Abuse

Kikiki. Realy need serve d ignorant right. Kikiki

Posted by Maurice1688 > 2018-04-02 23:04 | Report Abuse

the real sorchai likes to create rumours for panic sell cause the sorchai failed to collect at lower point

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-04-02 23:11 | Report Abuse

Colect? U free gift to me I oso dun wan la. Dow is,sinkin, tomorow give back all d gains. Kikikikk

JN88

11,670 posts

Posted by JN88 > 2018-04-03 01:48 | Report Abuse

DJ down 600 point.....improving result. Very good. Trump remains 23.5 k to drop. Very good.

Posted by Mohd Fahmi Bin Jaes > 2018-04-03 03:29 |

Post removed.Why?

Posted by khatulistiwa1234 > 2018-04-03 07:03 |

Post removed.Why?

Posted by khatulistiwa1234 > 2018-04-03 07:05 | Report Abuse

BALL LESS SEE THE ENVIRONMENT < ALL BALL DROP < TERRIBLE FAST THE SWING UP AND DOWN PRACTICE SINCE THE AMERICA CHINA TRADE WAR DECLARE .

JN88

11,670 posts

Posted by JN88 > 2018-04-03 08:02 | Report Abuse

Very sad, drop 400point long way to go.

VincentTang

1,214 posts

Posted by VincentTang > 2018-04-03 08:05 | Report Abuse

- Parliament dissolution should be this week.
- Dow jones drop 459, 1.9%.

Be careful

csl1991

245 posts

Posted by csl1991 > 2018-04-03 08:27 | Report Abuse

maybe it was KYY who bought in big into masteel yesterday after it has reached his target price following months of badmouthing

Posted by Lam Fook Leong > 2018-04-03 08:29 | Report Abuse

possible

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