MALAYSIA STEEL WORKS (KL)BHD

KLSE (MYR): MASTEEL (5098)

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Last Price

0.31

Today's Change

-0.005 (1.59%)

Day's Change

0.31 - 0.315

Trading Volume

166,300


18 people like this.

14,829 comment(s). Last comment by djibaok 3 weeks ago

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-17 13:08 | Report Abuse

Highcube thanks for explanation , i think should be great FR with the price pump up

Posted by khatulistiwa1234 > 2021-02-17 21:51 | Report Abuse

0.80 any time , WHALES ON ACTION .

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-17 23:09 | Report Abuse

Wah kaitu come back

Posted by khatulistiwa1234 > 2021-02-18 09:21 | Report Abuse

don't panic , guarantee 0.80 short ward , WHALES inform me , buy when is LOWER .

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-18 11:11 | Report Abuse

Wait down onli average la , yest so high go n buy in sure kena tangkap

Posted by Kaizer21 > 2021-02-18 11:41 | Report Abuse

what happen meh

John1234

2,020 posts

Posted by John1234 > 2021-02-18 12:16 | Report Abuse

Steel counters have already run up so much and so fast this week. Now, already overbought. Mkt operators need to do a shakeout to correct this "overbought" situation. Mkt also turn cautious ahead of quarterly reporting season this month.

Look at Ann Joo, it has started to u-turn this morning, down 15 sen now.
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Kaizer21 what happen meh

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-18 12:59 | Report Abuse

John agree is normal la , for my personal opinion , if cn stand above 0.57 is okay la , still strong uptrend

tamp0i

912 posts

Posted by tamp0i > 2021-02-18 17:37 | Report Abuse

People need to be cautious with steel counters though the best time to accumulate is always when it's cold and quiet.. Now it's like a steel plate brimmingly hot and you need to handle it with extra care not to burn your hand

Posted by khatulistiwa1234 > 2021-02-19 10:19 | Report Abuse

CRASHED is on the way , WHALES last action , last pull , before RUN AWAY .

Posted by khatulistiwa1234 > 2021-02-19 10:20 | Report Abuse

SAND FIELD OLD WARRIOR SAY ...... ending today RED SPICY .

meadow1628

1,084 posts

Posted by meadow1628 > 2021-02-19 12:19 |

Post removed.Why?

Posted by khatulistiwa1234 > 2021-02-19 12:49 | Report Abuse

0.50 on call

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-19 13:12 | Report Abuse

Khatu when u come out shout buy , the price drop , when you shout sell , it goes up , why har? I think you are sharks wanna tipu tickets hahaha

Posted by khatulistiwa1234 > 2021-02-19 15:34 | Report Abuse

0.50 is REAL

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-19 16:19 | Report Abuse

Khatu ok wait tambah agn at 0.5

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-20 00:34 | Report Abuse

Us steel shoot up !!! Will masteel follow?is okay , even no shoot up , i will wait for u baby

JohnFarmer458

1,797 posts

Posted by JohnFarmer458 > 2021-02-21 14:54 | Report Abuse

Those missed out steel rally that already hit to new high can take a look at Tawin

4.0670 +0.1660 +4.26%
19/02 - Closed. Currency in USD ( Disclaimer )

https://www.investing.com/commodities/copper

Copper price is breaking out due to demand for copper in chips,phones,EV,solar,car

its heading towards DECADE HIGH for copper price

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-21 15:15 | Report Abuse

John tawin ad shoot up more thn masteel le, n if compare for copper stock , i feel jag fundamental is better thn tawin , bt chartwise tawin better

Posted by khatulistiwa1234 > 2021-02-22 09:36 | Report Abuse

1.00 on HOPE .

Posted by khatulistiwa1234 > 2021-02-22 09:37 | Report Abuse

I know MASTEEL is under CRAZY STEEL THEME , any possible weird result RELEASE .

Posted by khatulistiwa1234 > 2021-02-22 09:40 | Report Abuse

I confirm MASTEEL will above LIONIND in term pricing , after SOLID WHALES is pump in catalyst on it , 1.6 billion CASH .

Posted by khatulistiwa1234 > 2021-02-22 09:42 | Report Abuse

SPY FIRM latest news , will plunged to 0.565 short ward , last HOUR , pull back 0.65 , see to believe .

Posted by khatulistiwa1234 > 2021-02-22 09:43 | Report Abuse

FINISHED THOSE WEAK HAND .........WEEK COME 1.00 entrant door , just for the strong guy .

Posted by khatulistiwa1234 > 2021-02-22 09:44 | Report Abuse

QUEUE BUYING on 0.565 .

Posted by khatulistiwa1234 > 2021-02-22 10:12 | Report Abuse

Famous remiser say , MASTEEL short ward can achieve 0.72 , as WHALES is action on BUY ON MARGIN FACILITY .

Posted by khatulistiwa1234 > 2021-02-22 10:12 | Report Abuse

BUY IN 0.62 , on spot .

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-22 10:22 | Report Abuse

Khatu u vry roti canai le

Posted by khatulistiwa1234 > 2021-02-22 10:22 | Report Abuse

I love eat ROTI CANAI .

John1234

2,020 posts

Posted by John1234 > 2021-02-22 16:22 | Report Abuse

Mkt operators seem afraid of Khatu. When the cat(Khatu) is here, the mice(mkt operators) stop playing? I stay away too...
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Joyce Lee Khatu when u come out shout buy , the price drop , when you shout sell , it goes up , why har?

pengyou

56 posts

Posted by pengyou > 2021-02-23 09:43 | Report Abuse

Masteel, your friend Lionind almost reach 0.90, how come you are still stuck below rm0.60.

If I know earlier, I would never buy you, just buy Lionind.

Posted by skywarrior > 2021-02-23 11:04 | Report Abuse

Masteel has always been correlated with lionind. from recent price movement and volume it is quite obvious that someone has been trying to suppress masteel price to collect, as the price has been maintaining & not dropping.

Posted by skywarrior > 2021-02-23 11:05 | Report Abuse

It has been in the uptrend still and as lionind has increase 50% more than masteel, next would be masteel once the fund has taken their capital off lionind

Posted by skywarrior > 2021-02-23 11:07 | Report Abuse

now would be the best time to buy in and wait for the potential 50% profit when it catch up to lionind

Posted by skywarrior > 2021-02-23 11:13 | Report Abuse

the more vigorous the selling the more obvious that the fund is desperate to collect more while it is still low. global uptrend in steel can't be ignored now after few years of stagnant growth

Posted by skywarrior > 2021-02-23 11:15 | Report Abuse

big fund would not want to miss the boat again like they did in the glove counter, dun buy in when it is too late!

Posted by everlasting > 2021-02-23 11:27 | Report Abuse

true, masteel chart has shown a solid uptrend, with lionind taking so much leap ahead it is safe to say that the risk is relatively low to go in now, now it is only 60cents, and lionind already at 90cents, after covid vaccine out the price will be at least return to rm1 by the end of the year. low risk, high return, a solid choice

John1234

2,020 posts

Posted by John1234 > 2021-02-23 11:41 | Report Abuse

I agree with Skywarrior. I guess the rights issue for Masteel could be the real reason why it is lagging behind. Operator does not want it to go up too high as to ramp up the right shares setting price.

Meanwhile, operator can collect cheaper tickets too.
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skywarrior Masteel has always been correlated with lionind. from recent price movement and volume it is quite obvious that someone has been trying to suppress masteel price to collect, as the price has been maintaining & not dropping.

Posted by everlasting > 2021-02-23 12:03 | Report Abuse

Yes John1234 they have to make right issues attractive to rack in more cash for the company, who wouldnt be attracted to right issue that can give u potential 40-50% gain in short term

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-23 15:24 | Report Abuse

Everlasting. Yea , actually i oso vry feel like wanna cabut n go lionind , bt think twice , if u bought nw u are throwing undeevalue share and go somewhere which is crowded and have ad rise so much in the price , risk is definitely higher , so im still waiting to average either up or down , if break 0.65 i will average oso , if goes down around 0.5 i will too

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-23 15:25 | Report Abuse

But right issue will dilute eps right? But advantage is we can bought lower thn current price , anyone can advise regarding?

Posted by everlasting > 2021-02-23 17:15 | Report Abuse

we dun know what is the subscription rate to the right issue yet, it will be alot smaller than the company proposes coz not everyone will subscribe, and whoever wants to subscribe will try to push up higher so that they can profit. who want to pay extra if it is not going to profit them? Plus the right issues hasnt been approved and issue yet, imagine masteel going below 50 or 40c in this recovery phase when masteel is going to turn profit? impossible right? thats why i feel masteel has very low downsize risk. Plus the money they collect from right issues will help the company to turn profit sooner too so its not necessarily bad

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-23 18:08 | Report Abuse

I look at the financial report from masteel , i realised their revenue & profit is quite attractive , bt borrowing is high and the inventory level oso high which cause liquidity bit problem la , hope with this right issue they can really overcome it

Posted by skywarrior > 2021-02-24 09:08 | Report Abuse

it is almost there, hold tight tight!

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-24 12:00 | Report Abuse

Coming? Come n break the 0.65 wall

Posted by skywarrior > 2021-02-24 12:19 | Report Abuse

masteel is taking the lead this time, operator might try to shake retailer off again, hold tight! the trend is already there, once break 0.645, will challenge 0.775 next !

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-24 12:22 | Report Abuse

Sky yea , when all red , it still thr , seem someone ctrl the price , if down i will average , if up , wait break 65 first hehe

Joyce Lee

418 posts

Posted by Joyce Lee > 2021-02-24 12:30 | Report Abuse

Masteel is the laggard one , have more place to run !

hsyanbird

828 posts

Posted by hsyanbird > 2021-02-24 12:46 | Report Abuse

coming 0.7 soon

Posted by Harvard Tan > 2021-02-24 12:56 | Report Abuse

Malaysia steel counters. Actually follow which steel price ? Tatasteel ? OR China steel ?

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