STEEL PRICE YERY STONG UPTREND---BUY ON FUNDAMENTAL-----WEAK KAKI SELL BUT BIG FISH BUY BUY ON SELLING BYPOOR CONTRA PLAYERS AND THENVERTICAL UPWARD MOVE AND THENPOOR CONTRA PLAYERS JOIN IN AND BIG FISH PUSH DOWN AGAIN AND THEN BIG SHARKS VOMIT TO THEM
surging global coking coal price will not hurt masteel, masteel run electric arc furnace and the main raw materials are scrap, thus surging rebar price will benefit masteel!
Rm against chinese yuan also depreciated, importer buy steel from china also become expensive, but rebar price recover due to shortage of coking coal, masteel run electric arc furnace
From Q1 report mentioned that "the commissioning of the Company's new 200,000mt rolling mill is progressing well and further improvement in productivity is expected in the ensuing months which will contribute favorably towards the top and bottom line of the Company." Should hv good result in Q3 (end of Nov announce) and Q4.
HONG KONG (Nov 21): About half a dozen listed Chinese companies, mainly in the pharmaceutical sector, have temporarily halted production in China's northern city of Shijiazhuang as part of a Chinese government anti-pollution drive, the companies said on Monday.
Shijiazhuang has suspended factory production in seven industries until the end of this year, affecting plants in the pharmaceutical, cement, foundry, iron and steel, coal-electricity, coking and boiler sectors, the companies said.
"Goldman Sachs recommended that investors overweight their portfolio to metals and mining companies as well as steel producers in a bet on higher commodity prices. Driving that view is the expectation that manufacturing is expected to pick up around the world......" - 22nd Nov 2016
CALVIN TAN, WHERE ARE YOU??? MONDAY SURE BELOW 60 CENTS, WHAT DO YOU WANT TO SAY NOW? YOUR OLD GRANDMA STORIES? TIRED LAH, YOUR GRANDMA MUST BE FAR BETTER THAN YOUR STOCK PICKING SKILLS, PLS LEARN FROM HER.
YOU? YOUR STOCK SELECTION SKILLS ARE THE WORST SO FAR AMONG ALL MEMBERS IN I3, ALL YOUR STOCKS BECOME RUBBISH!!! CALVIN TAN, PLS STOP ACTING LIKE STOCK GOD!!!
Honestly speaking,its really damn difficult to choose winning stocks that after correction will go up higher like inno!I firt noticed it when it was .805 but then when you refer back their earnings,its not that great that its really worth buying at .805.but today it 1.24 and recent earnings is only 2 over cts! If people buy Masteel when it announced 4..41 cts,you probably thinks its more likely will go higher if not more or less the same for this quarter with all the safeguard duty imposed.Probably would not occur in most people mind that it could be less than 1 cts so much lesser than the previous quarter!
just saw ekovest ann 4 over cts verse previous q of more than 15 cts.Sometimes I am suspicious they could massage the figures than pump up the price.When it's low enough they accumulate back then do the same the subsequent q!
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....
USApg
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Posted by USApg > 2016-11-11 14:24 | Report Abuse
https://www.bloomberg.com/gadfly/articles/2016-11-10/forget-trump-chinese-steel-s-problems-are-home-grown