Don't be happy with current malaysia rebar price, if trade war escalate to overall with high tariff for more than 1000 items both US and China products, steel price will suffer big drop definitely.
China Rebar price can turn to below CNY3,000 easily, that time malaysia need to follow international market price, below RM2,400.
The impact is very big like a chain link from one to another.....
Trade war may not be sustained. It is a chip to pull US and China to a negotiation table. I believe China is moving forward to green industry and they are not willing to pollute the environment by low margin/no margin manufacturing products anymore.
"Malaysia is seeking an exemption from U.S. tariffs on steel and aluminum shipments and to gain clarity on the solar-based equipment penalties, Trade Minister Mustapa Mohamed said in Parliament on Thursday. The government has requested to meet with U.S. trade representatives April 17 to sort out a deal."
Masteel steel bar for local consumption ma. HSR announce. MRT in sarawak. Hope they connect from kuching to Miri....so that all the kucing and biri biri got a chance to take mrt. That time sure hell alot of steel needed.
JN.....connect kuching to kelantan want to carry wat oo......ECRL from kauntan to KL also dunno got passenger o not. I just cannot think how many ppl will be travelling from kuantan to KL everyday. In fact my mum is from kuantan and still have relative there. Ask her if ECRL ready....can go back often to visit relative.....the eyes big big look at me.....got nothing better to do ah?....lol
in long run, the ECRL is mainly for logistic purpose to shorten the delivery time from East Coast port to Klang Valley. We cannot only concentrate on port klang.
U.S. stocks dropped about 2% on Friday as U.S. President Donald Trump's latest tariff threat on Chinese imports fueled increasing concern over a U.S. trade war with China. Stocks added to losses and hit session lows in afternoon trading after Federal Reserve Chairman Jerome Powell said the U.S. central bank will likely need to keep hiking interest rates to keep inflation under control and said it was too soon to know if rising trade tensions would hit the U.S. economy. * Dow -572 (-2.34%) * S&P -58 (-2.19%) * Nasdaq -161 (-2.28%)
Trump administration's threat late Thursday to add tariffs on another $100 billion worth of Chinese goods as punishment for China on Wednesday announcing reciprocal tariffs on $50 billion of U.S. goods. China early Friday responded with a statement saying, "The Chinese side will follow suit to the end and at any cost, and will firmly attack, using new countermeasures, to firmly defend the interest of the nation and its people.
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....
Ooi GC
47 posts
Posted by Ooi GC > 2018-04-04 22:38 | Report Abuse
Dividend of less than 1 cent/share --> . Ha ha ha! About 1% yield. Need 100 years to earn back capital.