Posted by VenFx > 2016-11-25 20:53 | Report Abuse

Mycron surely will deliver better qtr result , thething beyond 4.78cts eps will be very encouraging to it's share price.

For, Melewar case it's definitely a laggard play .Given Melewar's 71% owned in Mycron,
Melewar has a big gap to reap on considering the daughter has risen for almost 6 fold from $0.21 .

To recoup, Steel are on their 3 wave making.
Meaning to say Steel has more legs, considering Steel commodity recovering may can last for 1-3 years.

U might see rotational play in the steel sector, juz choose wise for the winners.
The rest smaller one shall follow after the leaders take the first run.

I like O&G upstream big turning around of Hibiscus, I believe Hibiscus can offer greater safety of margin by now. Next year onward midstream players shall follow.

Initially recovery of O&G still very volatile , steels are the better play for now.

Juz my 2 cents.

Posted by John Lu > 2016-11-25 20:58 | Report Abuse

Tq sifu Ven

Posted by MuttonCurry > 2016-11-25 21:00 | Report Abuse

Best to avoid steel stocks at the moment .. MASTEEL will be killed next Monday and not sure what effect it will have on the rest of steel stocks.

Posted by VenFx > 2016-11-25 21:01 | Report Abuse

@ John Lu bro, u may notice both Melewar and Mycron seen to be capped from their recent high. I'm dare to say it is purposely designed from the Bigger Hand to absorb from those who want to exit at this juncture to lock in profit.

All n all , this qtr profit will have a definitely decision on where Melewar & Mycron heading to.

Posted by Chengkai Kck > 2016-11-25 21:20 | Report Abuse

WAT THR EDGE SAID ABT MASTEEL ACTUALLY NOT THT NEGATIVE。。。
they swing to profit if compare with last years lose...
Show jst began..

Posted by Chengkai Kck > 2016-11-25 21:31 | Report Abuse

KUALA LUMPUR (Nov 25): Malaysia Steel Works (KL) Bhd (Masteel) posted its second straight quarterly profit in the third quarter ended Sept 30, 2016 (3QFY16), as it benefited from higher margins on lower operating cost.

It posted a net profit of RM1.24 million or 0.51 sen a share in 3QFY16 compared with a net loss of RM24.14 million or 10.04 sen loss per share a year ago.

Revenue, however, fell 8.6% to RM275.45 million in 3QFY16 from RM301.44 million in 3QFY15 on lower sales volume.

For the nine months period (9MFY16), it posted a net profit of RM17 million compared with a net loss of RM49.01 million in 9MFY15 as revenue slipped 0.8% to RM861.81 million from RM869.03 million in 9MFY15.

On prospects, Masteel said due to various favorable policy-driven factors emanating from China, such as steel plant consolidation, robust construction activities, reducing steel inventory and rising production costs, steel prices have seen a steady increase.

It said recent news on the election agenda of US President-elect Donald Trump, who had promised to spend up to US$550 billion on a stimulus plan, is estimated to increase steel demand in the US by 22 million tonnes per year for the next five years. This bodes well for the global steel market.

"Domestic steel prices are also expected to continue to improve, underscored by the effects of the weaker ringgit and safeguard duty put in place since end-September, which will make imported steel products substantially more costly," it added.

"(As such,) Masteel is well poised to benefit from any opportunity due to the timely commissioning of its new rolling mill, improved steel-making technology and proximity to major markets," it said in a filing with Bursa Malaysia today.

Masteel shares closed 1.2% higher at 82 sen today, bringing a market capitalisation of RM201.09 million.

Posted by ng1943 > 2016-11-25 21:51 | Report Abuse

DONT AGREE MUTTON CURRY IT WILL BE ONWARD MARCH AND UP

Posted by Blink22 > 2016-11-25 22:15 | Report Abuse

Prospects

Due to the various favorable policy driven factors emanating from within China such as steel
plant consolidation, robust construction activities, reducing steel inventory and rising production
costs, this has resulted in the steady increase of steel prices.
The recent news on the election agenda of the President- elect of the United States of America,
Mr Donald Trump which has promised to spend up to USD 550 billion for stimulus plan is
estimated to increase steel demand in the USA by 22 million metric tons of steel per year for the
next 5 years (Source: Morgan Stanley 14th November 2016)
The global steel market is buoyed by the above news and domestic steel prices is expected to
continue to improve underscored by the effects of the weaker ringgit and safeguard duty being in
placed since end of September 2016 and thus making imported steel products to be substantially
more costly.
A strong upward steel price trajectory is expected to be tempered by the current softness in
domestic demand for steel. However, the Company is well poised to benefit from any opportunity
due to the timely commissioning of its new rolling mill, improved steel making technology and
proximity to major market

=================================



not all gloom......next quarter expect to be much better.

Posted by Annetan > 2016-11-25 22:50 | Report Abuse

Nowaday,the play in this stockmarket is very different.You have to be selective in the stock pick even from the same sector that is performing very well!

Posted by ng1943 > 2016-11-26 11:54 | Report Abuse

you must know that price was up to 106 after qrresult previos quarter then droped to79 in view of profit taking and uncertaintyof last quarterof this year qr last year was -10 but this time is +.51 so the consolidation of 80 for pver 30 days should serve as abase for the next push albeit slowly of stonger result in the near future maybe as soon as qr of 1st quater of 2017 so dont be myopic in your view and buy ikanwith a long tern view ikan bilis with contra will sell at a loss with announcement ofresultf big sharks with monies will buy gleefully from the poor ikan bilis who buy on contra poor poor ikan bilis better dont buy with no monies i bet this masteel will touch 110 by jan2017

Posted by leoting > 2016-11-26 13:06 | Report Abuse

Rather than talking nonsense, please read my analysis on Masteel 3rd quarter financial report.
http://www.investalks.com/forum/forum.php?mod=viewthread&tid=8892&page=118&extra=#pid3905041

Posted by MRapolo > 2016-11-26 13:26 | Report Abuse

thanks leoting...

Posted by ng1943 > 2016-11-26 16:39 | Report Abuse

translate to english leoting pls

Posted by MRapolo > 2016-11-26 17:41 | Report Abuse

according to MITI data, scrap metal price quite stable for the period from early August to early November....

Posted by soojinhou > 2016-11-26 18:33 | Report Abuse

On the bright side, masteel's export is up sharply at 22.5% of revenue vs 12% ytd.

Posted by ivan9511 > 2016-11-26 19:13 | Report Abuse

qr seem no good , worry now

Posted by sell > 2016-11-26 19:15 | Report Abuse

Where is no 1 promoter?

Posted by ng1943 > 2016-11-26 20:49 | Report Abuse

price sudah fetted in----fr.106 to 78 now it should fr. 78 t0 92 and sideway

Posted by James007 > 2016-11-26 21:49 | Report Abuse

will drop to 70? sen, better run run run

Posted by ng1943 > 2016-11-27 10:12 | Report Abuse

on the contrary 90 BUY

Posted by mike90 > 2016-11-27 18:32 | Report Abuse

Calvintaneng, what happen to your Masteel?

Posted by calvintaneng > 2016-11-27 18:37 | Report Abuse

Posted by mike90 > Nov 27, 2016 06:32 PM | Report Abuse

Calvintaneng, what happen to your Masteel?

Mike99,

Masteel = Master of Long Steel is a great long term stock.

For Calvin's Johor Buddies still holding firm

As for Calvin I already took nice profit of 60%.

I sailang into DRB, MRCB & plantation stocks for the next coming bull run!

Posted by mike90 > 2016-11-27 18:41 | Report Abuse

Masteel eps drop, Calvin claimed he already sold all.
If result good, then he will say he still keep a lorry of Masteel.

Posted by VenFx > 2016-11-27 18:47 | Report Abuse

Didn't u say sailang in Bpuri also ?
Dont juz talk air, Calvin.

Posted by Mini Yuan > 2016-11-28 08:59 | Report Abuse

June-Sep, steel price min 50, max 60. Oct till date, min 55, max 73.23. Still fear? hehe~ no need surprise if someone take ur cheap tickets later. Happy trading.

Posted by MuttonCurry > 2016-11-28 09:19 | Report Abuse

Best to avoid ... it will slide down next few days as OPEC meet this week. Oil not looking good and it will drag all the commodity with it.

Posted by VenFx > 2016-11-28 09:39 | Report Abuse

Calvin Flying free style now .

Posted by leoting > 2016-11-28 09:48 | Report Abuse

Donald Trump gonna reclaim spend hudrend billions on America infrastrcture. ...

Posted by Mini Yuan > 2016-11-28 10:15 | Report Abuse

Mutton curry, oil price got relation with steel??? Mind to share more in details? For me it is like an apple and orange case.

Posted by MuttonCurry > 2016-11-28 10:29 | Report Abuse

Oil price action seen as proxy for metals except tin

Posted by VenFx > 2016-11-28 10:39 | Report Abuse

WHy Calvin ? Why ...

Posted by Mini Yuan > 2016-11-28 10:40 | Report Abuse

Based on the price movements captured in Investing.com, how come the steel price din went the same direction like crude oil? Any article to share? Wanne improve my knowledge here.

Posted by MRapolo > 2016-11-28 10:46 | Report Abuse

http://www.shfe.com.cn/en/products/SteelRebar/

Posted by red_85 > 2016-11-28 10:46 | Report Abuse

just sell it, willback to 0.6 below soon...0.55 is the best price to enter if you want

Posted by Lulu La > 2016-11-28 10:54 | Report Abuse

Calvin chun chun holland call - masteel

Posted by beanchan > 2016-11-28 11:32 | Report Abuse

It's good time to collect cheap price now. U sell I sapu....

Posted by Recklesscy > 2016-11-28 11:59 | Report Abuse

wow who is conned by Calvin?

Posted by beso > 2016-11-28 13:40 | Report Abuse

steel theme game over

Posted by ng1943 > 2016-11-28 17:50 | Report Abuse

CON COUNTER CON OPERATOR SELL ALL PROCEED TO SIME DARBY NO MAIN MAIN

Posted by VenFx > 2016-11-28 18:35 | Report Abuse

CALVIN, u owe us an explanation here.

Posted by Yipman > 2016-11-28 18:41 | Report Abuse

What do u all expect from CALVIN? Con man con u once sure will disappear.

Posted by beautifulmind > 2016-11-28 18:45 | Report Abuse

I lose money at bina puri, lucky never buy this bcos no money already, if buy 1.09, I will cry. Why this Calvin not chun one?

Posted by skyea > 2016-11-28 21:02 | Report Abuse

http://www.cnbc.com/2016/11/28/reuters-america-commodities-red-hot-steel-rally-swells-on-china-bets-powers-zinc-to-9-year-high.html

Posted by skyea > 2016-11-28 21:17 | Report Abuse

masteel hoarding the inventories for after protection safeguard measures are in effect, which took place in the last week of september. so the full margin improvements, and local demand will only start in the oct-dec qtr.

Posted by Yipman > 2016-11-28 21:36 | Report Abuse

no doubt protection safeguard measures effective lately. masteel this quarter result is bad due to no demand. if sales no improve in this Q, the psm will not help.

Posted by 1009 > 2016-11-29 01:17 | Report Abuse

So strong masteel, also maintain over 0.70.. is good steel..
Other steel have big loss qr..

Posted by red_85 > 2016-11-29 03:35 | Report Abuse

1 day drop more than 10% still good? just 1 day only..
at least drop 3 days only will have a technical rebound

Posted by 1009 > 2016-11-29 09:27 | Report Abuse

10% small case.. see melewar, hahaaaa

Posted by Benjamin_8888 > 2016-11-29 09:29 | Report Abuse

Calvin lu ada mana? Jurong? Or kopitiam at Kota Masai?

Posted by calvintaneng > 2016-11-29 09:33 | Report Abuse

Posted by Benjamin_8888 > Nov 29, 2016 09:29 AM | Report Abuse

Calvin lu ada mana? Jurong? Or kopitiam at Kota Masai?

Calvin is here!

Today the fall of flat steel melewar is dragging down long steel Masteel & SSteel.

Nothing wrong with Long Steel.

So get ready to buy more Masteel. I wait at 60 cts.

Meanwhile load up all Oil Palm Counters for a multi year bull run.

Also DRB & MRCB as GE 14 drawing near!