Posted by skyjet > 2018-05-27 17:58 | Report Abuse

If base on net profit just 9 mils excluding one off gain, forward PE = 333/(9*4) = 9.25. Consider very high PE compare to other steel companies.

Posted by Yong Hui Lee > 2018-05-27 18:23 | Report Abuse

@skyjet avoiding my question? You may be able to scare away a tiny portion of fools with your false statement. But good luck trying to fool instiutions .

Posted by lizi > 2018-05-27 18:55 | Report Abuse

ok, i have analyzed masteel this quarter result....my conclusion is not good....core result is deterioting

Posted by tecpower > 2018-05-27 20:08 | Report Abuse

They wrote that the increase in revenue and profit
in current quarter were mainly attributed to higher selling price and higher volume.

How can the core result be deterioting?? The core result is impacted mainly by higher selling prices, higher volume and foreign exchange rates.

Posted by tecpower > 2018-05-27 20:43 | Report Abuse

Foreign exchange gain was recognized when ringgit got stronger. but export was impacted by stronger ringgit, so foreign exchange gain was offset anyaway. Actually, there is no problem with high foreign exchange gain.

4Q2017
Unrealised foreign exchange gain -426
(12,349) Realised foreign exchange gain +5,103
-------------
Net gain 4677

1Q2018
Unrealised foreign exchange gain 1,960
Realised foreign exchange 5,190
------------
Net gain 7150

Posted by tecpower > 2018-05-27 20:48 | Report Abuse

What will happen if foreign exchange gain decreases in the future? Export values will increase instead, so that will be offset by higher export values.

Posted by tecpower > 2018-05-27 20:58 | Report Abuse

It's ok to come up with a new idea and analyze it, but if it does not explain the whole picture well, it is likely that it was analyzed incorrectly

Posted by hstha > 2018-05-27 22:56 | Report Abuse

China April industrial profit growth rebounds to six month high | http://www.klsescreener.com/v2/news/view/384331

Posted by hstha > 2018-05-27 23:05 | Report Abuse

China Industrial Profit Growth Accelerates on Improved Margins

April industrial profits rose 21.9 percent from year earlier
Profit boosted by improved margins at steel, chemical sectors

https://www.bloomberg.com/news/articles/2018-05-27/china-industrial-profit-growth-accelerates-on-improved-margins

Posted by VincentTang > 2018-05-27 23:13 | Report Abuse

So tomorrow 60 cents? I believe masteel price will drop after market open tomorrow.

Posted by tecpower > 2018-05-27 23:29 | Report Abuse

Don't mislead investors here.

Its revenue also increased QoQ.
Selling prices increased QoQ.
The volume they sold increased QoQ.

->Their business has expanded QoQ.

The current price is on the level the stock hit in September 2017.


25-May-2018 31-Mar-2018 434,802 (revenue) 17,722 (net profit)
24-Aug-2017 30-Jun-2017 290,764 (revenue) 10,589 (net profit)

Posted by tecpower > 2018-05-28 00:43 | Report Abuse

The average net profit margin in FY2017 is 5.045%, Net profot margin in 1Q2018 is 4.08%.

Posted by Henly > 2018-05-28 08:58 | Report Abuse

Masteel does not export its product, its import 90% of raw material which is in USD, scrap iron is imported, spare parts, consumables like electrode, steel rolled, refractories, are all imported. Currently with the stronger RM and the anti dumping tax, all steel counters will benefited regardless world steel price fluctuation or drop.

Posted by Henly > 2018-05-28 09:00 | Report Abuse

For april and may rebar price increase by RM50/ton good news

Posted by VenFx > 2018-05-28 11:13 | Report Abuse

Sign of exhausted for Masteel,
despite the nice dressing 1 qtr18 result.

BE EXTRA PRECAUTION with Masteel.

Posted by VenFx > 2018-05-28 11:14 | Report Abuse

Masteel @ $0.755

A breach of 0.705
Will be a hard hit at 0.560

Posted by skyjet > 2018-05-28 11:23 | Report Abuse

Watch link as below in Masteel section(9.50 to 11.50)

https://www.facebook.com/harryteotybjb/videos/2065779186967133/

Posted by Henly > 2018-05-28 12:17 | Report Abuse

market sentiment very bad, foreign fund almost exhausted all the holding from market

Posted by SmallFish8 > 2018-05-28 16:31 | Report Abuse

where to see their exhausted selling lol... seem like still huge selling

Posted by cksam > 2018-05-28 19:04 | Report Abuse

https://www.straitstimes.com/asia/se-asia/malaysia-pm-mahathir-mohamad-to-drop-high-speed-rail-project-with-singapore

Mahathir dropping hsr project to singapore.

Good luck guys.

Posted by tecpower > 2018-05-28 22:43 | Report Abuse

If MALAYSIA STEEL WORKS does not export its products at all, it did not need to drop much after Trump imposed Tariffs on steel.

Posted by tecpower > 2018-05-28 23:06 | Report Abuse

According to the latesrt annual report,
historically, the Company’s export sales, mainly
to Australia and Indonesia, constitutes less than 13% of the Company’s total sales.

----
I think the company can increase export sales in the future.

Posted by aiinvestor > 2018-05-29 00:07 | Report Abuse

There is some difference between steel and construction stocks.

Construction stocks were overbought before GE14, while steel stocks were oversold before it, so
you don't need to sell the stock at a low price.

Posted by tecpower > 2018-05-29 00:46 | Report Abuse

安裕资源
需求前景未明 | http://www.klsescreener.com/v2/news/view/384873

Posted by tecpower > 2018-05-29 01:05 | Report Abuse

Just distinguish between construction and steel stocks. Construction stocks may be underweight, but steel stocks cannot be underweight as their prices has been already very low.

...

Posted by tecpower > 2018-05-29 01:09 | Report Abuse

https://steelguru.com/steel/malaysia-alliance-steel-being-investigated-for-allegedly-stealing-water/510097

Posted by CharXiuBao > 2018-05-29 12:39 | Report Abuse

@yong hui lee
When forex loss every shit here said result bad, when forex gain every shit here said one time off. Then why should we still discuss on the forex gain/loss?

I agree with you it is part of their profit, shows management handle their forex transaction and hedging well as they import quite a lot, but still, those shits will still talk shit here. Understand?

Somemore there are a lot of stupid fella mix construction and steel together. Of course there are certain level of relationship but is HSR the only project in Malaysia? How about those maintanence project, highway project, etc?

Sometimes it is really hard to communicate with low education shit.

Posted by Data5000 > 2018-05-29 21:56 | Report Abuse

0.69 OMG Red

Posted by VincentTang > 2018-05-30 08:27 | Report Abuse

Got crisis in Italy now. Stock market worldwide will be very bad.

Posted by Data5000 > 2018-05-30 09:08 | Report Abuse

I dah cakap

Posted by Data5000 > 2018-05-30 09:08 | Report Abuse

I dah cakap

Posted by wyc555wyc > 2018-05-30 09:14 | Report Abuse

gg.com

Posted by gohkimhock > 2018-05-30 09:25 | Report Abuse

the crisis in Italy is much overhyped. It will not be like Greece. Italy's fundamental is much stronger.

Posted by shawn88 > 2018-05-30 10:25 | Report Abuse

What happen? Masteel mainly produce for local used... Zzz

Posted by VenFx > 2018-05-30 10:36 | Report Abuse

Better avoid...
If one die hard for Steel, Masteel not your choice anymore.
Worst not surface yet.
Annjoo a far more solid u should look.

I try to warn here before, sorry if my comment hurt your here.

Posted by Henly > 2018-05-30 12:05 | Report Abuse

The best is not Annjoo, the best still avoid the market totally. Sentiment very bad

Posted by VenFx > 2018-05-30 12:27 | Report Abuse

U r rite.
Market is sinking... 1750 broken.
Soon shall see 1715

If,1700 defeated...no eye c

Posted by apolloang > 2018-05-30 12:28 | Report Abuse

WAT TIME LATER GOING TO DOWN 50PTS? HAHAHA

Posted by pitbull > 2018-05-30 12:37 | Report Abuse

GG.COM

Posted by pitbull > 2018-05-30 12:39 | Report Abuse

Go ...GO USE MARGIN OR BORROW money
TO INVEST

HE TELL POSITIVE
NO TELL you NEGATIVE
LOL

Posted by pitbull > 2018-05-30 12:41 | Report Abuse

THE most expensive course is him...
LOL
EVERYDAY ask you borrow money

Posted by pitbull > 2018-05-30 12:43 | Report Abuse

GG.COM

Posted by USApg > 2018-05-30 14:04 | Report Abuse

http://www.theedgemarkets.com/article/after-hsr-rm40b-mrt3-project-be-scrapped-says-dr-mahathir

Posted by Maurice1688 > 2018-05-30 14:30 | Report Abuse

Thank you ph voters

Posted by wingold > 2018-05-30 14:54 | Report Abuse

no doubt masteel's fundamentals are good. But nation wide construction,property/infrastucture counters all kena battered.

Thanks PH voters for such a cheap bargain buy hehehe

Posted by lala23 > 2018-05-30 15:27 | Report Abuse

no problem.. u may have it for now

Posted by hollandking > 2018-05-30 17:43 | Report Abuse

wow, drop so much

Posted by HuatRex > 2018-05-30 19:55 | Report Abuse

Really thanks to ph voter

Posted by hentara > 2018-05-30 19:59 | Report Abuse

I can't resist myself from congratulating those who didn't follow when the steel guru promoted this stock intensively during September 2017.

Posted by titus > 2018-05-30 21:05 | Report Abuse

i wonder who is the steel guru??.....hmmmm