Posted by Ricky Lim Wei Yan > 2017-07-28 18:10 | Report Abuse

可否明說

Posted by husky88 > 2017-07-28 22:19 | Report Abuse

Should be good sign. High demand .

Posted by Ricky Lim Wei Yan > 2017-07-29 10:03 | Report Abuse

steel price continue up to 489.50 ton at LME METAL EXCHANGE

Posted by kevin008 > 2017-07-29 11:12 | Report Abuse

old man keep sold help pp cheaper haha
old man wait bonus share only sell lah haha

Posted by JayC > 2017-08-01 10:49 | Report Abuse

macquire is now taking up the Private placement share base on VWAP of last few days

Posted by STC1136 > 2017-08-03 15:19 | Report Abuse

As per my expectation earlier.
Masteel / Southern Steel all on low price now, worth to buy 1.01 to 1.05


大马7月长钢爆冲!
http://leoting81.blogspot.my/2017/08/




16/07/2017 21:41
China current market was ridiculous high compare London Metal Exchange(LME) at Closing last week of RMB3,565 Equivalent USD526/ Ton

However, LME price was recently spike up fast from June closing USD427 to 14/07/17 USD458. Within 2 weeks up 7.26%.The price will look to maintain high for the next 3 months.

Difinitely, Most of contruction company in Malaysia will "Panic buying" for the past one month if they want to buy at cheaper price.

Masteel will sure maintain their selling price same or higher than 1Q 2017 their highest selling price for the past 4 years.

Buy now before it is too late.

https://www.lme.com/Metals/Ferrous/Steel-Rebar#tabIndex=0

Posted by paktua73 > 2017-08-03 15:56 |

Post removed.Why?

Posted by STC1136 > 2017-08-04 13:38 | Report Abuse

Latest Rebar China price is stand at CNY3,947 per ton, very soon will break CNY4,000 level.

https://www.quandl.com/data/CHRIS/SHFE_RB1-Shanghai-Steel-Rebar-Futures-Continuous-Contract-1-RB1-Front-Month

CNY3,947 = RM2,512 per ton, mill price not include transport

Malaysia mill price is going to catch up to RM2,400 per ton.

Imagine Q1 average is about 2,200, Q3 will have another 9% increase on their selling price.

Q3 profit may break their record for the past 5 years.

I estimate Q3 should range RM20 to RM30 mil.

Masteel Net Profit Q1 = 14mil, if Q2 maintain 14mil, Q3 25mil, Q4 20 mil
Whole year will have 73 mil, that is PE = 29.8 cents.

@ Conversative x 8 times easily get TP of RM2.38

Masteel will very soon break RM1.50 within this year.

Posted by Ricky Lim Wei Yan > 2017-08-04 19:28 | Report Abuse

why no news abt BONUS ISSUE?all is private placement

Posted by rocketer > 2017-08-04 20:22 | Report Abuse

After private placement, share price shall be go down side the issue bonus gua

Posted by paktua73 > 2017-08-05 05:01 |

Post removed.Why?

Posted by Ricky Lim Wei Yan > 2017-08-07 13:08 | Report Abuse

it is back,towards to R1 RM1.12

Posted by Ricky Lim Wei Yan > 2017-08-07 13:23 | Report Abuse

guys,lme metal closing price alr USD500 per ton

Posted by Ricky Lim Wei Yan > 2017-08-07 13:23 | Report Abuse

lrts imagine how MASTEEL can benefit from the price

Posted by soonadol > 2017-08-07 13:49 | Report Abuse

Steel manufacturers to challenge safeguard duty in court
TheEdgeMon, Aug 07, 2017 - 4 hours ago

KUALA LUMPUR: The Steel Wire Association of Malaysia (SWAM) has obtained leave to pursue a court challenge against safeguard duties imposed by the international trade and industry ministry (Miti) on imported steel wire rods (SWR) and deformed bar in coils (DBIC).

Granted by the Kuala Lumpur High Court last week, the leave paves the way for the association to seek a court order to quash the safeguard duty, people familiar with the matter told The Edge Financial Daily.

The judicial review is only for the safeguard duties for SWR and DBIC, which was announced on April 13. The proceedings do not involve safeguard duties on imported steel concrete reinforcing bar (rebar) which was also announced on the same day.

It is learnt that the proceedings involve SWAM and Miti. The Malaysian Steel Association (MSA), whose petitions last year initiated the safeguard investigations that culminated in the safeguard duties, had applied to be part of the proceedings.

Rebar is mainly used for construction activities in Malaysia whereas SWR and DBIC are used by downstream steel manufacturers — many of whom are SWAM members — to produce steel wire mesh, fending and fasteners such as nuts, bolts and nails.

The duties for SWR and DBIC begin at 13.9% for the year up to April 14, 2018, then 12.9% and 11.9% respectively for the subsequent two years. Meanwhile for rebar, imports are slapped with a 13.42% import duty for 12 months up to April 13, 2018, followed by 12.27% and 11.1% each for the subsequent two years.

To recap, Miti had imposed the two duties after concluding two parallel safeguard investigations, which it initiated following safeguard petitions by the MSA in June 2016.

During the three-year period of safeguard duties, the petitioners would have to implement the individual adjustment plans submitted alongside their petitions. While plans vary, the steel mills had generally aimed to boost efficiency and productivity by improving processes and investing in plant upgrades and modifications, among others.

“During the implementation phase, the government reserves the right to review and make changes to the safeguard measures after taking into consideration various circumstances such as the adjustment plan,” Miti told The Edge Malaysia weekly last April when asked about the adjustment plan.

The MSA petitioners are Ann Joo Steel Bhd, Southern Steel Bhd, Malaysia Steel Works (KL) Bhd as well as Lion Industries Corp Bhd’s subsidiaries Amsteel Mills Sdn Bhd and Antara Steel Mills Sdn Bhd.

They had claimed that the domestic producers of rebar, SWR and DBIC were substantially hurt by surging imports between Oct 1, 2012, and Sept 30, 2015, which caused them to lose market share, downsize workforce and scale back operations.

Collectively, the participating steel mills account for 73.4% of local rebar output and 100% of local SWR and DBIC production.

The petitions were strongly objected to by various steel industry players who use the three steel products as raw materials because the additional duties would increase their procurement costs, hurting profit margins.

For rebar, the objecting players had included the Master Builders Association Malaysia and the Malay Contractors Association Malaysia.

Meanwhile, SWAM — whose members include public-listed manufacturers such as Chin Well Holdings Bhd, Engtex Group Bhd, Leader Steel Holdings Bhd and YKGI Holdings Bhd — had raised concerns over the safeguard petition for SWR and DBIC.

“During the investigations, the government assessed the issues and concerns submitted by all interested parties in accordance with the Safeguards Act 2006 and Safeguards Regulations 2007,” said Miti when announcing the imposition of the safeguard duties in April.

Posted by STC1136 > 2017-08-07 14:07 | Report Abuse

China Mill price for Hot Rolled Coil Big up today again between 3.5% to 5% , now market price up like crazy....

Malaysia Mill price will follow very soon, As china supply 50% of worldwide market, sooner malaysia Small Mill like Annjoo,Southern,Lionind, MAsteel will up.

HR per ton should surpass to RM2,600 by this month

CR per ton also up between RM3,300 to 3,600

All metal who keep high inventory sure huat this round........

Posted by FullTime > 2017-08-07 14:30 | Report Abuse

Steel will be the stock key word for 2nd half .

Posted by Stock Kingdom > 2017-08-07 15:43 | Report Abuse

Masteel is having lowest valuation in term of stock price among the big 3 (Ann Joo, SSteel & Masteel)

I go for all equally but slight high on Masteel, let's see in 3 months time

Posted by JayC > 2017-08-07 16:49 | Report Abuse

once PP complete and announcement of bonus issue, this stock will fly. I have seen similar pattern emerge when TEMPLETON PP into GADANG @ RM2 before split , after PP, price fly

Posted by paktua73 > 2017-08-08 11:16 | Report Abuse

old man lucky manage sold all at 1.07 1.06 1.05
old man today sink boat hu hu need protect capital hu hu

Posted by Stock Kingdom > 2017-08-08 16:22 | Report Abuse

Thank you, paktua73, I collected 1.04 & 1.05

Posted by Ricky Lim Wei Yan > 2017-08-08 21:32 | Report Abuse

who is oldman,why keep talking him?

Posted by Stock Kingdom > 2017-08-08 21:35 | Report Abuse

Nothing special, some one with ID orang tua called himself old man whenever he buy or sell

Posted by Stock Kingdom > 2017-08-08 21:36 | Report Abuse

When Masteel price move to 2 in one year time, I will laugh to the bank for what I have done today

Posted by alvisshare > 2017-08-09 08:59 | Report Abuse

may i know what is the tp?

Posted by Collin Soo > 2017-08-09 10:08 | Report Abuse

Target price... the sky is the limit... hahahaa

Posted by WM Niaga > 2017-08-09 10:11 | Report Abuse

limit up!!! Ha..Ha..ha...

Posted by paperplane > 2017-08-09 10:44 | Report Abuse

wow! so good today. all steel running

Posted by Ricky Lim Wei Yan > 2017-08-09 12:56 | Report Abuse

only CSCSTEEL down,even penny stock like HIAPTEK also moving

Posted by Stock Kingdom > 2017-08-09 13:45 | Report Abuse

Cscsteel buy stock from its mother company in taiwan, the profit margin has been consistently lower than mycron, you know i know lah, cssteel management always talk sweet said they have no problem in sourcing raw materials, it is just they never mentioned at higher price.

Posted by JayC > 2017-08-09 14:19 | Report Abuse

damn i have not collected enough

Posted by leoting > 2017-08-09 16:41 | Report Abuse

恭喜大家.耐心守候.

Posted by Collin Soo > 2017-08-09 17:05 | Report Abuse

The price shut up just after PP today...

Posted by paperplane > 2017-08-09 17:19 | Report Abuse

Good movement. This point onwards can move to RM 5

Posted by Collin Soo > 2017-08-09 17:25 | Report Abuse

I think so.. RM 5 within 3 years

Posted by Ricky Lim Wei Yan > 2017-08-09 18:06 | Report Abuse

great

Posted by kevin008 > 2017-08-09 18:36 | Report Abuse

RM2 dy happy loh..RM5 dream loh haha

Posted by TrippleZ > 2017-08-09 18:38 | Report Abuse

Steel industry very volatile. This qtr can show great profit next qtr can show terrible lost. Good luck.

Posted by Mike Jcy > 2017-08-09 18:57 | Report Abuse

Ya...RM2.00 ady happy liao

Posted by Ricky Lim Wei Yan > 2017-08-09 19:02 | Report Abuse

2.00 i can go holiday loo...

Posted by kevin008 > 2017-08-09 19:16 | Report Abuse

the old man no more comment
he sold early haha

Posted by paperplane > 2017-08-09 23:32 | Report Abuse

he terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017 and the announcement of the signing of the Subscription Agreement dated 17 July 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company had on 9 August 2017 received the 6th Subscription Notice from Macquarie Bank for the subscription of 2,000,000 Masteel Shares at a subscription price of RM0.947. The said subscription price represents a discount of approximately 9.04% to the VWAPs of Masteel Shares for the 5 consecutive Trading Days up to and including 8 August 2017 of RM1.0411.

Accordingly, the Company will issue and allot 2,000,000 Masteel Shares to Macquarie on 10 August 2017. Such shares will be listed and quoted on the Main Market of Bursa Securities on 14 August 2017.

Posted by paperplane > 2017-08-09 23:32 | Report Abuse

The Macquarie still buying....hmmm

Posted by paperplane > 2017-08-09 23:34 | Report Abuse

Let's be greedy. EPS is 0.06,Dr is 0.24

Posted by paperplane > 2017-08-09 23:35 | Report Abuse

P.E 15 is near 3.60. tp get 5 is P.E? So the Peak est

Posted by John Lu > 2017-08-09 23:39 | Report Abuse

Wah sifu, TP RM5 meh? So fierce?

Posted by joetosh > 2017-08-10 00:20 | Report Abuse

luckily able to collect @ 1.06 and 1.07... to cover my loss in fgv and dnex... with xtra profit... alhamdulillah...

Posted by Ricky Lim Wei Yan > 2017-08-10 07:15 | Report Abuse

todsy continue shoot up,definetely

Posted by FullTime > 2017-08-10 08:42 | Report Abuse

but today got 10% private placement listing today

Posted by paktua73 > 2017-08-10 09:49 |

Post removed.Why?