winman 1 you are right, winman, the time to buy is when the price is still cheap. With the ongoing infrar dev in KL MRT, Iskandar boom & possible launching of KL Singapore Bullet Train there will be a great surge of Long Steel Usage.
3 Counters will benefit most are SOUTHERN STEEL, MASTEEL & ANN JOO. Of the 3, MASTEEL has the highest NTA while SOUTHERN STEEL has the highest dividend payout.
However, STEEL is a cyclical stock. In Boom Times prices will Shoot Up but in Recessionary Times prices will go down. As long as Big Projects are still ongoing in Malaysia Long Steel Counter Will Continue to do well.
If you have spare cash for a more stable recession proof counter like Nestle & Dutch Lady Milk, there is a counter with Great Potential. PM Corp(4081) has High NTA like Masteel, CASH Rich, A Recession Proof chocolate business. Best of All It is going to give a CASH Payout soon.
Come over to PM Corp Forum & check it out. You will be glad you did!
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....
winman 1
512 posts
Posted by winman 1 > 2013-10-04 11:15 | Report Abuse
any news to back up the push, is it steel production at the new rolling mills or pure cindy works