Posted by JayC > 2017-08-10 09:56 | Report Abuse

why drop geh?

Posted by paktua73 > 2017-08-10 10:29 |

Post removed.Why?

Posted by leoting > 2017-08-10 10:34 | Report Abuse

@paktua73 be happy to spend money, not need to worry about war.

Posted by Lucky5201314 > 2017-08-10 12:48 | Report Abuse

Beware

Posted by Collin Soo > 2017-08-10 14:38 | Report Abuse

Possible to form cup and handle formation?

Posted by STC1136 > 2017-08-10 16:50 | Report Abuse

中國河北鋼鐵冬季限產！

https://klse.i3investor.com/blogs/kianweiaritcles/129664.jsp

This will benefit all malaysia Metal industries & push Mild steel price at high price.

Posted by STC1136 > 2017-08-10 17:02 | Report Abuse

https://www.cnbc.com/2017/08/10/chinas-steel-prices-are-rising-and-thats-worrying-beijing.html

Posted by paktua73 > 2017-08-11 10:01 |

Post removed.Why?

Posted by KLCI King > 2017-08-11 10:06 | Report Abuse

Ooo...what a week

Posted by KLCI King > 2017-08-11 16:40 | Report Abuse

Good, added some at 1.07 & 1.08 first

Posted by Ricky Lim Wei Yan > 2017-08-14 15:35 | Report Abuse

1.11 now

Posted by Ricky Lim Wei Yan > 2017-08-14 15:35 | Report Abuse

go go.go

Posted by KLCI King > 2017-08-14 15:46 | Report Abuse

For those still in doubt, check it out yourself, the rebar price was RMB4,098 last Friday!

http://www.sunsirs.com/uk/prodetail-927.html

Posted by Ricky Lim Wei Yan > 2017-08-14 15:54 | Report Abuse

1.13 now

Posted by Ricky Lim Wei Yan > 2017-08-14 17:05 | Report Abuse

well close 1.11

Posted by paktua73 > 2017-08-15 12:11 |

Post removed.Why?

Posted by paktua73 > 2017-08-17 10:42 |

Post removed.Why?

Posted by Collin Soo > 2017-08-17 18:36 | Report Abuse

I believe the share price will move up quickly after the PP completed.

Posted by rocketer > 2017-08-17 19:20 | Report Abuse

not yet competed the pp meh

Posted by Ricky Lim Wei Yan > 2017-08-17 19:35 | Report Abuse

no.news for bonus issue?

Posted by Ricky Lim Wei Yan > 2017-08-18 13:33 | Report Abuse

today rally

Posted by Ricky Lim Wei Yan > 2017-08-18 13:33 | Report Abuse

target 1.2

Posted by efugor > 2017-08-18 15:23 | Report Abuse

what is pp

Posted by JayC > 2017-08-18 15:38 | Report Abuse

private placement

Posted by windcloud > 2017-08-18 16:33 | Report Abuse

Ssteel result will be come out first, at that time maybe will reach 1.20, once Masteel result out then will maybe reach 1.30. Hope this time will announce dividend payout since last qtr cancelled.

Posted by KLCI King > 2017-08-18 17:18 | Report Abuse

Something to look on:

Share capital = 122mil
Share premium = 78mil
Retained profits = 365mil

NTA per share = RM2.32
Current Market price = RM1.11

Last Q EPS = 5.83,
Annualised = 23.32
Annualised PE = 4.76 times


http://cdn1.i3investor.com/my/files/st88k/5098_MASTEEL/qr/2017-03-31/5098_MASTEEL_QR_2017-03-31_Masteel%201Q2017_-131092758.pdf

Posted by KLCI King > 2017-08-18 17:18 | Report Abuse

Very interesting, something accumulated & ready to burst high!

Posted by joetosh > 2017-08-18 18:55 | Report Abuse

wahhh... masteel green today... surprise... c u on monday...

Posted by ChasingDreamz > 2017-08-20 16:35 | Report Abuse

no news on bonus issue?

Posted by paperplane > 2017-08-20 18:59 | Report Abuse

Div cancelled. Maybe bonus also cancel

Posted by JayC > 2017-08-21 10:40 | Report Abuse

dividend was not cancelled by management. it was cancelled by shareholders themselves. please take note the difference.

Posted by onlyinvestment > 2017-08-21 12:43 | Report Abuse

Bonus was approved but ex date havent yet confirm...Lets see this QR will announce bonus detail issue or not

Posted by heaven123 > 2017-08-21 23:49 | Report Abuse

Shareholders is Management and Management is Shareholders.

Posted by heaven123 > 2017-08-21 23:51 | Report Abuse

Paperplane very experienced in stock markets. Don't play play my freind. He as good as kyy or otb.

Posted by paperplane > 2017-08-21 23:58 | Report Abuse

I din say cancelled by management.....But.....So are shareholders idiot?
Hehehe

Posted by Stock Kingdom > 2017-08-22 12:38 | Report Abuse

Yes, the shareholders attended the AGM was the idiots

Posted by JayC > 2017-08-22 14:17 | Report Abuse

management has a policy of distributing 10% of earning as dividend. therefore, they proposed, but my guess is that the value is too small, that was why the shareholders rejected it

Posted by JayC > 2017-08-22 14:22 | Report Abuse

Malaysia Steel Works (KL) Bhd (Masteel) said it will cancel the dividend entitlement announced on April 27, 2017, which would have seen shareholders receive a final dividend of 0.85 sen per share for the financial year ended Dec 31, 2016 (FY16).

In a filing with Bursa Malaysia yesterday, Masteel said this was because the resolution on the payment of the final dividend was not passed at its annual general meeting last Thursday. Only 2.47% of the total voting rights were in favour of the resolution.

Trading of the company’s shares was also halted from 2.30pm yesterday due to the announcement, and will resume today.

Masteel shares ended the morning session down four sen or 3.48% at RM1.11 yesterday, with a market capitalisation of RM270.06 million.

The group returned to the black in FY16, with a net profit of RM21.03 million compared to a net loss of RM50.4 million on the back of a 5.5% growth in revenue to RM1.21 billion i

Posted by Ymchan > 2017-08-23 10:16 | Report Abuse

The research house has upgraded Ann Joo Resources Bhd to a “buy” with a target price of RM3.80 noting that the company had an extended earnings visibility and effective capital management that should lift its valuations.

UOB Kay Hian noted Ann Joo’s policy of up to a 60% dividend payout implied a dividend yield of 6.6%.

In 2016, Ann Joo distributed 45% of its earnings to shareholders, translating into a dividend yield of 4.8%, it said.

“Ann Joo is our top pick, while notable stocks include Choo Bee, Masteel, CSC Steel and Prestar.

“We expect investors to give due attention to the steel sector, given the sector’s cheap (single-digit) PE multiple in the third quarter, rising domestic demand (amid growing mega project construction activities) and the dearth of alternative compelling investments,” it said.

The research house also upgraded the sector to an “overweight.”

It also noted that while most steel companies traded at about six times price to earnings ratio, Choo Bee and Masteel traded at only half their respective book values.

“Masteel is also a laggard. Prestar comes across as interesting, riding on upcoming highway projects,” added UOB Kay Hian.

Read more at http://www.thestar.com.my/business/business-news/2017/08/23/exceptional-q3-earnings-seen-for-steel-firms/#poEPrfTDMqH8XKdl.99

Posted by Stock Kingdom > 2017-08-23 15:22 | Report Abuse

Interesting, Masteel is also a laggard

Posted by windcloud > 2017-08-24 11:00 | Report Abuse

Just re-print my comment:

windcloud: Ssteel result will be come out first, at that time maybe will reach 1.20, once Masteel result out then will maybe reach 1.30. Hope this time will announce dividend payout since last qtr cancelled.
18/08/2017 16:3

Posted by kevin008 > 2017-08-24 14:02 | Report Abuse

company can choose to announce the bonus share anytime loh
dun keep asking when is the bonus share

Posted by Stock Kingdom > 2017-08-24 15:49 | Report Abuse

Road blocks at 1.15 & 1.16 are so huge :\

Posted by kevin008 > 2017-08-24 16:35 | Report Abuse

cause still got pp loh..once macquaire bank done..will chase annjoo and ssteel hehe

Posted by Aizai > 2017-08-24 17:17 | Report Abuse

10m profit..

Posted by JayC > 2017-08-24 17:18 | Report Abuse

masteel result is out and it is fantastic. even with lower Profit, it is still better than Q3 of year 2016.!!!!!

Posted by paperplane > 2017-08-24 17:19 | Report Abuse

hopefully tomolo rally like ANNJOO

Posted by windcloud > 2017-08-24 17:26 | Report Abuse

Good result within my expectation, tomorrow sure cross over 1.20.

Posted by kevin008 > 2017-08-24 17:27 | Report Abuse

still got pp loh..wait first haha

Posted by JayC > 2017-08-24 17:31 | Report Abuse

this result is within expection because future quarterly report will be very strong. Forward PE of X5!!!! assuming 5.83 + 4.83 + 5.83+5.83 = 21.87 cent / RM1.14 = 5.2x forward PE. this is my very conservative forecast because i believe Q3 and Q4 will beat Q1 result!!!