Posted by probability > 2016-10-01 11:08 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/10/01/putting-the-steel-back-in-steel-industry/

The research unit says local steel prices has always carry a premium about RM150 over China steel prices due to local manufacturers providing better service and consistency in product quality in which local civil consultants do not query vis-à-vis Chinese steel bars.

“Due to this newly implemented safeguard measure, we believe this premium of local steel bars against China steel bars would decrease as purchasers (contractors) demand for lower premium in order to save on the escalating costs,” it adds.

On steel outlook, Kenanga Research is positive on the steel sector as steel prices are expected to remain stable if China’s depleting steel inventory indicating risingdomestic demand there, closure of loss-making steel mills in China, and China governments’ strong commitment in reducing steelproduction capacity through consolidation of steel groups coupled with financial support of 100 billion yuan for worker retrenchment schemes.

“Hence, we expect our steel-rebar average selling price assumptions to be sustainable due to these reasons,” adds the research unit. On the other hand, Master Builders Association Malaysia (MBAM) strongly opposed to the safeguard measures for steel coils and rebars.

Its president Foo Chek Lee says MBAM fears that it could lead to uncontrollable prices of steel bars due to the absence of the free flow of imported steel.

A few months earlier, the price of steel bars had increased from RM1,500 per tonne in January 2016 to a record high of RM2,700 per tonne.

Posted by moneySIFU > 2016-10-01 18:25 | Report Abuse

Thank you for sharing, probability, well done!

Posted by skyea > 2016-10-01 22:10 | Report Abuse

not only will masteel gain from price increase, the market share of local players will increase too given higher import tariffs, and weaker ringgit currently. so masteel will have price and volume growth. the new bukit raja plant is also operational just in time to reap the advantages

Posted by probability > 2016-10-01 22:54 | Report Abuse

http://steelworld.com/newsletter/2015/Apr15/Infocus0415.pdf

referring to above article: the steel demand in Malaysia had always been growing, just that the high electricity cost & dumping by China cause all the infiltration.

http://www.tradingeconomics.com/malaysia/gdp-from-construction

look at the growth above....imagine if now the steel manufacturers capture the local market.

Posted by erkongseng > 2016-10-02 10:37 | Report Abuse

Probability: good shares ,thanks

Posted by ttgipoh > 2016-10-02 11:21 | Report Abuse

Contruction rebar $1800 yesterday

Posted by why_no_dividend > 2016-10-03 19:20 | Report Abuse

Full of debts. When can pay dividend?
http://klse.i3investor.com/servlets/stk/annent/5098.jsp

Posted by Recklesscy > 2016-10-04 16:13 | Report Abuse

crossing fingers for 2nd wave? haha

Posted by Recklesscy > 2016-10-04 16:20 | Report Abuse

high chance steel counters will go netherlands this short term

Posted by Recklesscy > 2016-10-04 16:21 | Report Abuse

enjoy ur trip =p

Posted by Recklesscy > 2016-10-04 16:25 | Report Abuse

personally i opine that steel counters some have good invest opportunity as the steel price is quite stable now. Will come back after the price correction.

Posted by red_85 > 2016-10-05 01:49 | Report Abuse

personally felt that shouldnt chase high steel price anymore..just calculate it yourself, it is overvalue already based on profit records...a lot of investors have earned the handsome profit and exit steel stocks already..if you are entering now, you are buying their stock at high price..
trust me, just wait and hold your bullet, wait for it to down back 20-30% at least!

Posted by 007 > 2016-10-05 09:06 | Report Abuse

if the next quarter profit increase to 20mil, eps is 8.8 sen, on ttm profit is 35mil with eps 14.7 sen
let PE =10 the price will be 1.5.

If you see it, if you don't

Posted by Recklesscy > 2016-10-05 09:27 | Report Abuse

as u know if only

Posted by red_85 > 2016-10-05 10:30 | Report Abuse

dangerous mode now.

Posted by Recklesscy > 2016-10-05 12:10 | Report Abuse

closing gap

Posted by goody99 > 2016-10-05 12:45 | Report Abuse

Recklesscy, waiting to re-enter?

Posted by Recklesscy > 2016-10-05 14:58 | Report Abuse

haha maybe but not so soon. I think the price will not up till the next quarter result. If any improvement showed in its earning. Whether the good forecast of steel counters as mentioned by the fundamentalists are sound. Now for me it is not a good timing to enter yet.

Posted by red_85 > 2016-10-05 15:01 | Report Abuse

sell now fast, buy back in next 20% lower

Posted by 007 > 2016-10-05 15:34 | Report Abuse

next support at 0.83

Posted by Mohd Fahmi Bin Jaes > 2016-10-05 15:36 | Report Abuse

SELL

Posted by Mini Yuan > 2016-10-05 15:39 | Report Abuse

Only Annjoo still green. The rest macam termakan chili

Posted by goody99 > 2016-10-05 15:51 | Report Abuse

yea, not sure when this correction will end. I am sure some of us will take advantage of it

Posted by red_85 > 2016-10-05 16:29 | Report Abuse

tmr 0.8 maybe

Posted by Ikaztahkik > 2016-10-06 01:48 | Report Abuse

steel n aluminium counter...rebound esok......up up up

Posted by Investor31 > 2016-10-06 03:18 | Report Abuse

Stock gurus. This stock will go up or down. Planning to buy. Is that a right decision

Posted by red_85 > 2016-10-06 10:04 | Report Abuse

still going down..avoid first..buy at 0.6-0.7 level better

Posted by arepalooza > 2016-10-06 10:36 | Report Abuse

Quater report will be out anytime soon. Prepare to buy

Posted by Mini Yuan > 2016-10-06 11:08 | Report Abuse

Today quite a number of steel counters turning green

Posted by red_85 > 2016-10-06 11:11 | Report Abuse

just normal goreng only...later you will see them down all again..

Posted by Mini Yuan > 2016-10-06 11:15 | Report Abuse

All the steel counters memang kuat goreng lately. But since so good to goreng, I don think the party will stop when it just started. Well, Red_85...good luck.

Posted by Ting Ley Yiew > 2016-10-06 11:30 | Report Abuse

Yes, pls show the power.... I almost sell it.... fortunely, it turn green.....good job!!!

Posted by funda > 2016-10-06 14:26 | Report Abuse

I'm planning to collect at 80cent! Seem bounce back Liao

Posted by funda > 2016-10-06 14:29 | Report Abuse

With lion ind going for bankruptcy(now delisted, next mayb wrap up) , the remaining rebar player is annjoo, ssteel n Masteel to steal their pie!

Posted by Mini Yuan > 2016-10-06 14:59 | Report Abuse

Mycron up 0.055. Masteel always doing well compared with mycron. Happy trading

Posted by zharris10 > 2016-10-06 15:18 | Report Abuse

buy red_85.. masteel meroketttt

Posted by JCWIN > 2016-10-06 15:22 | Report Abuse

Leonfb...

Posted by 007 > 2016-10-07 11:25 | Report Abuse

The once "king of steel" killed by Chinese import, we are here to pick up the pieces

Posted by Recklesscy > 2016-10-07 11:44 | Report Abuse

it looks yesterday is a trap

Posted by USApg > 2016-10-07 13:46 | Report Abuse

klse.i3investor.com/servlets/ptres/37851.jsp
Local demand for long steel products to remain. We are anticipating upcoming infrastructure projects ie Pan Borneo, MRT2, MRT3, SUKE, DASH, EKVE, BRTs and mega developments such as BBCC, KL118, TRX and Bandar Malaysia to spur demand within the construction steel sector. In 2Q16, the Department of Statistics in Malaysia reported that the value of construction work grew 11.7% YoY. Hence, we believe demand for steel products in the local market will remain robust.

Posted by Investor31 > 2016-10-07 14:15 | Report Abuse

Sure going to fly high

Posted by Recklesscy > 2016-10-07 15:11 | Report Abuse

Demand for steel products is not demand for shares buying

Posted by Recklesscy > 2016-10-07 15:11 | Report Abuse

U subconsciously mislead urself

Posted by red_85 > 2016-10-07 15:11 | Report Abuse

guys, please change to mbsb fast...something brewing..

Posted by 007 > 2016-10-07 17:00 | Report Abuse

Is true demand of steel product is not demand of shares buying, but demand of steel will give a better revenue and profit for masteel and hence a better share value. True the price may not go up with better earning unless majority of public can see and value the share worth.
If you can see it, if you don't

My tp=2 if the management is of an excellent quality
Next target, is to proof the QR profit of 20 mil

Posted by why_no_dividend > 2016-10-09 04:12 | Report Abuse

When can pay dividend?

Posted by heaven123 > 2016-10-09 21:14 | Report Abuse

Eagle change clown.

Posted by heaven123 > 2016-10-11 15:26 | Report Abuse

KYY said dont touch this counter.

Posted by arepalooza > 2016-10-12 09:49 | Report Abuse

The quarter report will be out next month. So of course people will play low for now to bring the price down as low as possible for them to buy just before the report that will most likely rocketted the price

Posted by red_85 > 2016-10-12 10:07 | Report Abuse

come come..switch to mbsb fast