looking at zeftan's posting above, Choo Bee's recent news, Ann Joo and Masteel's price spike...and Pantech's results have a feeling, local steel manufacturers margins (especially downstream) are intact
Resistance is RM1, Once broken it will test the next one at RM1.10 and then RM1.20. Cut loss at RM0.95. It's unlikely to fall again as steels counters are rallied today
Masteel 2016 q4 got forex loss 11m due to trade payable and trade deposit ard 150m dominated in USD and USD strengthen 8.7% This is the main reason why revenue up so much but profit not follow USD for 2017 Q1 drop 1.3%..assume revenue remain and the profit 15m(4m+11m)..share 244m eps 1 qtr dy 6 sen PE 8 RM1.92, PE 10 RM2.40 Dun forget safeguard duties for import of steel bars is for 3 years it willboost the revenue for all stell bar company
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....
kanter
344 posts
Posted by kanter > 2017-03-29 14:20 | Report Abuse
The damage being done! Is it a conflict of interest of lacking of professionalism ? You judge yourself.!