Posted by Lee Eric > 2021-05-04 17:31 | Report Abuse

I'm out. Thank you Masteel for 5 digits profit!

Posted by wallstreetrookie > 2021-05-04 19:36 | Report Abuse

congrats. Eric. Although steel stocks still have huge upside, it is recommended for people with lower risk tolerance to scale out their position

Posted by Cakes Moon > 2021-05-04 21:28 | Report Abuse

Masteel just broke out from consolidation mode.
More to come, RM2 tp.

Posted by TedTock > 2021-05-04 22:31 | Report Abuse

Likely some profit taking tomorrow

Posted by 镠公公 > 2021-05-05 09:03 | Report Abuse

why? based on your feeling?

Posted by bignenen > 2021-05-05 09:24 | Report Abuse

Hope it breaks 0.86, then wohoooo

Posted by jackfruit > 2021-05-05 09:35 | Report Abuse

The coming quater earning will be very strong and push up masteel above 1.00 ringgit.
Stay cool and watch the show.

Posted by Aaron_tan > 2021-05-05 10:02 | Report Abuse

strong gg ... run before ur profit wipe off

Posted by TedTock > 2021-05-05 10:04 | Report Abuse

Like I said earlier …..

Posted by TedTock > 2021-05-05 10:11 | Report Abuse

However, this is likely to be just momentary before it continues

Posted by Aaron_tan > 2021-05-05 10:13 | Report Abuse

people now move to oil and alumimium, steel will drop until mother also cant recognise ....

Posted by 镠公公 > 2021-05-05 11:34 | Report Abuse

yah lor, your dementia mother sold her body to random strangers until stock price up or down also cant recognise. lol

Posted by jackfruit > 2021-05-05 11:40 | Report Abuse

Hello China going to ban export of steel and import more steel to fight pollution. This mean Malaysia steel co. fatt liao hurray.

Posted by bignenen > 2021-05-05 12:16 | Report Abuse

y'all who read my message should give me some commission lol

Posted by djibaok > 2021-05-05 12:29 | Report Abuse

wow manyiak hot ooo ini kaunter

Posted by khatulistiwa1234 > 2021-05-05 12:43 | Report Abuse

IT RISE UNTIL I FAINTED ..

Posted by khatulistiwa1234 > 2021-05-05 12:44 | Report Abuse

NEVER GUESS SO FAST 0.90 DOOR GATE ..... I EARN A LAND CRUISER < BRAND NEWS .

Posted by khatulistiwa1234 > 2021-05-05 12:46 | Report Abuse

NOW I OBSERVE SILENCE IS GOLD , don't need promote day nite , once MOOD come , MONEY CHASE YOU , not you chase money , opposite effect .

Posted by Sslee > 2021-05-05 13:01 | Report Abuse

I am happy for you Khatulistiwa1234

Posted by bullmarket1628 > 2021-05-05 15:21 |

Post removed.Why?

Posted by Cakes Moon > 2021-05-05 21:45 | Report Abuse

Why drop?

Posted by blackchicken > 2021-05-05 22:21 | Report Abuse

Profit taking

Posted by djibaok > 2021-05-06 00:53 | Report Abuse

mco

Posted by ming > 2021-05-06 00:57 | Report Abuse

Treasury stock cleared.. right issue price gonna fix soon

Posted by bullmarket1628 > 2021-05-06 09:38 |

Post removed.Why?

Posted by 镠公公 > 2021-05-06 16:25 | Report Abuse

so cheap now no one wanna buy. later rm2 everyone wanna buy

Posted by wallstreetrookie > 2021-05-06 23:30 | Report Abuse

Tomorrow: https://www.youtube.com/watch?v=zGix74iuHQE&ab_channel=VolvoConstructionEquipment

Posted by DreamHunter > 2021-05-07 01:24 | Report Abuse

ha ha ha

Posted by DreamHunter > 2021-05-07 01:24 | Report Abuse

yah kah

Posted by wallstreetrookie > 2021-05-07 08:13 | Report Abuse

Arcelormittal +4% CMC +2.64% Schnitzer Steel Industries +3.54% Freeport-Mcmoran + 1.28% Baoshan Iron & Steel +4.40% Nippon Steel China Steel Corp rebound at close

Posted by 镠公公 > 2021-05-07 08:24 | Report Abuse

limit up

Posted by 镠公公 > 2021-05-07 09:46 | Report Abuse

https://www.barchart.com/futures/quotes/R-M21

Posted by TedTock > 2021-05-07 11:58 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 226,369,915 NEW ORDINARY SHARES IN MASTEEL ('RIGHTS SHARES") TOGETHER WITH UP TO 226,369,915 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ON A FULL SUBSCRIPTION BASIS ("RIGHTS ISSUE WITH WARRANTS")
MALAYSIA STEEL WORKS (KL) BHD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 226,369,915 NEW ORDINARY SHARES IN MASTEEL ('RIGHTS SHARES") TOGETHER WITH UP TO 226,369,915 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ON A FULL SUBSCRIPTION BASIS ("RIGHTS ISSUE WITH WARRANTS")
Unless otherwise redefined, the definitions set out in the earlier
announcements in relation to the Rights Issue with Warrants shall apply in
this announcement.
M&A Securities Sdn Bhd on behalf of the Board is pleased to announce that
the Board has resolved to fix the issue price for the Rights Shares at RM0.586
per Rights Share, and the exercise price of the Warrants at RM0.586 per
Warrant.
The issue price of the Rights Shares and the exercise price of the Warrants
were determined by the Board after taking into consideration, amongst others,
the following:
(i) the historical share price movement of Masteel Shares;
(ii) the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 of
RM0.7810, being the market day immediately preceding the date of this
announcement; and
(iii) the theoretical ex-all price of Masteel Shares of RM0.6835, calculated
based on the 5D-VWAMP of Masteel Shares in (ii).
The issue price of the Rights Shares and the exercise price of the Warrants
represent a discount of 25.0% and 14.3% to the 5D-VWAMP of Masteel Shares up
to and including 5 May 2021 (being the market day immediately preceding the
date of this announcement) of RM0.7810 and the theoretical ex-all price of
Masteel Shares of RM0.6835, respectively.
Premised on the above, the Board is of the view that the issue price of the
Rights Shares and the exercise price of the Warrants are fair.
This announcement is dated 6 May 2021.
Announcement Info
Company Name MALAYSIA STEEL WORKS (KL) BHD
Stock Name MASTEEL
Date Announced 06 May 2021
Category General Announcement for PLC
Reference Number GA1-06052021-00118

Posted by djibaok > 2021-05-07 14:48 | Report Abuse

issue price for the Rights Shares at RM0.586 per Rights Share, and the exercise price of the warrants at RM0.586 per Warrant.

Posted by apple168 > 2021-05-07 16:32 | Report Abuse

钢铁有价无市，见好就收。

Posted by Aaron_tan > 2021-05-07 17:04 | Report Abuse

steel theme all over, people move back to gloves ...

Posted by cimedhell > 2021-05-07 21:25 | Report Abuse

aaron tan, glove already end la, do u read what Supermax Stanley Thai talked to the news or not

Posted by cimedhell > 2021-05-07 21:26 | Report Abuse

aaron tan u go back to your glove and tech counters la, dont comment rubbish in steel here la

Posted by Genghiskhan78 > 2021-05-08 16:20 | Report Abuse

MCO 3.0 Jangan ke sana ke Sini !!! Goreng Saham Make Money !!! Steel Stock H9e ! Go Go Go !!!!

Posted by Aaron_tan > 2021-05-10 12:43 | Report Abuse

steel theme is over due to covid.

ignore the crazy steel price from china , all already factor in

Posted by llrr77 > 2021-05-10 18:35 | Report Abuse

lmao what a fool Aaron_Tan hahahaha wtf is he talking about somebody can explain??????? lollll

Posted by caonima > 2021-05-11 09:51 |

Post removed.Why?

Posted by excelyou > 2021-05-11 17:05 | Report Abuse

WEAKNESS IN MARKET IS OPPORTUNITY

Shanghai steel futures surged to a new record-high above *5,700* yuan a tonne buoyed by strong domestic demand as the peak constructions season starts.

Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills.

Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.

Posted by jeffrey1166 > 2021-05-12 10:55 | Report Abuse

keep buying

Posted by caonima > 2021-05-12 13:04 |

Post removed.Why?

Posted by ahbah > 2021-05-12 13:08 | Report Abuse

Steel stocks ... add

Posted by blackchicken > 2021-05-12 20:42 | Report Abuse

China Rebar Spot Price
http://www.sunsirs.com/uk/prodetail-927.html

Posted by DingHai888 > 2021-05-16 14:50 |

Post removed.Why?

Posted by DepecheM > 2021-05-17 13:48 | Report Abuse

Afternoon to continue downward spiral... but is there a need for panic selling? Steel price may keep much of its gains... let's see

Posted by py1818 > 2021-05-18 06:42 | Report Abuse

Masteel

Highest price 0.90
Support 0.60
Support 0.55
Closing price 0.635

Verdict - Downtrend to continue if price goes below 0.60