Posted by AllBigWin > 2017-08-24 17:42 | Report Abuse

very stable! good result!

Posted by Lee Chee Hoe > 2017-08-24 17:43 | Report Abuse

wow.. good 1.. will pummp more

Posted by thinking > 2017-08-24 17:49 | Report Abuse

"conducive condition" for margin improvement!

Posted by paperplane > 2017-08-24 17:54 | Report Abuse

JayC well said

Posted by Stock Kingdom > 2017-08-24 18:11 | Report Abuse

Good result! Even when market & ASP were soft, Masteel still able to deliver consistent results! Well Done!

Inventory increased from 376mil previous Q to 433mil in latest Q. The Company will join the party to fly!!!

http://cdn1.i3investor.com/my/files/st88k/5098_MASTEEL/qr/2017-06-30/5098_MASTEEL_QR_2017-06-30_Masteel%202Q2017_-2042900894.pdf

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 Olga > 2017-08-24 18:39 | Report Abuse

You are right !!

JayC 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!!!
24/08/2017 17:31

Posted by JayC > 2017-08-24 19:04 | Report Abuse

Sorry q2 is 4.38
however my calculation still correct, typo error earlier

Posted by Mike Jcy > 2017-08-24 19:18 | Report Abuse

Mean RM 6 for masteel fair value?

Posted by JayC > 2017-08-24 19:26 | Report Abuse

Conservative take pe of 7 = 1.53 pe 8 = 1.75

Posted by FullTime > 2017-08-24 19:52 | Report Abuse

in real fact, it is bad result and bad revenue .

Posted by FullTime > 2017-08-24 20:07 | Report Abuse

no one buy a share with anticipation that the profit wld decrase with such huge drop in 50 mil revenue. he or she can always only buy after this negative result , right ? so the result is beyond expectation. those who praise for the result , surely scare other investors will sell tomorrow before them , cos they want to sell first tomorrow morning. face the reality and fact. it is sad to cheat ourself, i said this cos those praises are very misleading to investor.

Posted by Derrick0617 > 2017-08-24 20:16 | Report Abuse

Ya definitely those who spread bad thing,sure the one who want to queue buy early before other investor,if not,no point he spread bad thing here

Posted by KLCI King > 2017-08-24 20:17 | Report Abuse

The winner is................................MASTEEL!!!

Posted by KLCI King > 2017-08-24 20:19 | Report Abuse

and ANN JOO!

Posted by Ricky Lim Wei Yan > 2017-08-24 21:32 | Report Abuse

after seeing SSTEEL quarter result,you will cheers for MASTEEL qtr result.

Posted by 明天会更好 > 2017-08-24 22:37 | Report Abuse

很漂亮的成绩单！

Posted by newbie92 > 2017-08-24 23:00 | Report Abuse

Better buy Masteel !!!

Posted by Stock Kingdom > 2017-08-24 23:08 | Report Abuse

Tomorrow sailang Masteel & Ann Joo and keep SSteel

Posted by windcloud > 2017-08-24 23:30 | Report Abuse

Think tomorrow start Masteel will run like horse .... next qtr result Masteel will give the best results among the 4 ... even not the best will be the second. Got few reasons behind this. Just nonsense sharing.

Cheer.

Posted by Stock Kingdom > 2017-08-25 10:08 | Report Abuse

Top up another 180k units at 1.14 & 1.15 just now

Posted by kevin008 > 2017-08-25 10:10 | Report Abuse

still got macquaire bank...wait them collect all pp sin loh

Posted by ming > 2017-08-25 11:22 | Report Abuse

result so good also cannot move meh

Posted by BullRunComing > 2017-08-25 11:38 | Report Abuse

Result is good but its only fit to the consensus. PE is already above the average steel counter.

Posted by myinvesting > 2017-08-25 11:42 | Report Abuse

broad market is weak + Friday. Traders normally do not want to hold market uncertainty over weekend.

Posted by Stock Kingdom > 2017-08-25 12:16 | Report Abuse

Let's look at this way, market value @ RM1.14 = 283mil

QR 30 Sep 2017 = ???
QR 30 Jun 2017 = 10.6mil
QR 31 Mar 2017 = 14.1mil
QR 31 Dec 2016 = 4mil

(Note: for 31/12/2016, there were forex losses of 11mil, an one-off item)

Posted by Stock Kingdom > 2017-08-25 12:23 | Report Abuse

edward123
Southern Pricing : (Morning) Up RM30/Mt
Y16-32=Rm2500
Y10,12,Y40 &R10 =RM2650
R6,8,12,16,20&25=Rm2700 (No Stock)

Amsteel Pricing : (Morning) Up RM30/Mt
Y16-32=Rm2500
Y10,12,Y40 &R10 =RM2650( do not have sufficient stock, only certain sizes have)
R6,8,12,16,20&25=Rm2700
25/08/2017 11:39

Sharing from Mr Edward in SSteel & Annjoo

Posted by Stock Kingdom > 2017-08-25 13:33 | Report Abuse

Masteel will be the most undervalued steel company by looking at its conservative prediction of PE 5.2X only.

Quoted from JayC:
JayC 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!!!
24/08/2017 17:31

Posted by kevin008 > 2017-08-25 14:10 | Report Abuse

after macquaire bank collect all pp..it time to push and announce bonus shares loh

Posted by JayC > 2017-08-25 14:29 | Report Abuse

please note Private placement is divided into 2 tranches:-
1st tranche : up to 14.5 million share (Macquaire is undertaking it now. UP TO DATE already took 6million share. balance is 8.5 million share)

2nd tranche : up to 9.8m share. Subject to company giving notice to investor to proceed. ( so this is not confirmed yet)

BY THE WAY, in the next AGM, we should vote down the 2nd tranche of PP. Company already earning enough to reduce credit level. Do not need further dilution of shares.

Please spread the word out, we minority must stand and reject 2nd tranche of Private placement

Posted by wannabee > 2017-08-25 14:45 | Report Abuse

when will they announce dividend?

Posted by JayC > 2017-08-25 14:57 | 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.

Posted by leslieroycarter > 2017-08-26 13:52 | Report Abuse

Abort div payout is not a right move but no choice coz npo approval given.

Posted by myinvesting > 2017-08-29 15:44 | Report Abuse

bonus issue still in the card by next month as it expect to complete by Q3 this year.

Posted by bursainvest12 > 2017-08-30 10:42 | Report Abuse

I think PP shares could have been the roadblock now for the price to go higher. The PP shares issued to a particular bank should be <5% for substantial shareholder reporting, hence not sure if they are selling to cash out the gain and continue to buy PP shares at discount.

Posted by Collin Soo > 2017-08-30 12:31 | Report Abuse

What is the real identity for Macquire Bank?

Posted by rocketer > 2017-08-30 14:04 | Report Abuse

Those buy PP share is an real investor. They won't look for short term profit. I do think the sentiment is weak make the price stuck. Wait for September , will be better

Posted by Stock Kingdom > 2017-08-30 22:47 | Report Abuse

Let's go for my first target RM1.50, then 1.80 by end of the year

Posted by Stock Kingdom > 2017-09-02 00:41 | Report Abuse

(1/9/2017)v中国本钢1号高炉发生火情，黑色系涨势升级，螺纹钢涨逾6%
https://klse.i3investor.com/blogs/stockkingdom/131378.jsp

Posted by Mike Jcy > 2017-09-02 07:58 | Report Abuse

Holly coming....

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

really huat this coming weeks

Posted by veln82k6 > 2017-09-02 22:25 | Report Abuse

Just be careful. Got total 6 million of foreign gain in Q2 2017 that push the profit up.

Posted by Stock Kingdom > 2017-09-02 22:29 | Report Abuse

The real super good results will be on the next 2 quarters. Let's see.

Posted by leoting > Sep 2, 2017 03:24 PM | Report Abuse
这股钢铁牛市趋势已经成形， 至少会连开两季的超级盈利。足以支撑上涨的动力和一切的企业活动

Posted by Stock Kingdom > 2017-09-05 12:20 | Report Abuse

钢铁牛气冲天，星期一中国螺纹钢现货价 人民币4,146，比较上个星期五4049

China Overall factory rebar price 4/9/2017 was RMB4,146..... Up from 4049 last friday

http://www.100ppi.com/vane/detail-927.html
http://www.sunsirs.com/uk/prodetail-927.html

Posted by Ricky Lim Wei Yan > 2017-09-05 13:41 | Report Abuse

sure huat this time

Posted by Stock Kingdom > 2017-09-05 20:20 | Report Abuse

中国今天五号（星期二）钢铁现货出厂价跟昨天相差无几，保持在高水平的人民币4136。

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

Posted by STC1136 > 2017-09-06 13:26 | Report Abuse

是由于钢铁行业去产能政策的切实落实，相关需求向优势企业倾斜，上市公司主营业务收入得以大幅增长。其实钢企营收增长态势在一季报已有所体现，今年第一季度34家钢企主营业务收入增长平均为56.10%。

主营业务收入大幅增长的同时，净利润增长率是否能同步跟进呢？统计显示，34家钢企今年上半年扣非净利增长率平均为623.99%，剔除首钢股份14199.62%的扣非净利增长数据，平均为212.60%，较2016年年报的126.64%增长近1倍。

其中，22家公司上半年扣非净利增长逾100%，增长200%以上的有16家，新钢股份（849.30%）、山东钢铁（766.99%）、南钢股份[股评]（682.15%）、凌钢股份（573.72%）、鞍钢股份（566.91%）5家公司上半年扣非净利增长超过了500%，而只有抚顺特钢、金洲管道、安阳钢铁3家为负增长。
06/09/2017 11:46

Posted by STC1136 > 2017-09-06 13:37 | Report Abuse

I am confident on Masteel coming 3Q profit, around 40 mil to 60 mil. not only that, 4th Qtr may even higher.

Therefore if 2017 profit = 1Q 14mil + 2Q 10mil + 3Q 40mil + 4Q 50mil = 114mil

Total share include pp 10% = 241.7mil + 24.17 mil = 265.87mil

I predict Masteel EPS will break 20 years record = 42.87 cents.

After 4Qr result announce on End of Feb 2018, conservative 6 times TP can get RM2.57

Posted by STC1136 > 2017-09-06 13:39 | Report Abuse

With current RM1.20 definitely serious undervalue. Annjoo is good but compare Masteel, more potential to get higher margin of safety.

Golden opportunity is coming, don't miss!!!!!!!!!!

Posted by STC1136 > 2017-09-06 15:00 | Report Abuse

Lucky i got top up 1.20 this morning..........

Posted by STC1136 > 2017-09-06 17:33 | Report Abuse

Imagine selling price up from 2,200 per ton to 2,600 per ton, already 18.18%. This reflect revenue will up 54.54 mil if average historical sales revenue for Masteel is 300 mil.

Even material cost up 10% recently, Masteel still can easily hit 50 mil profit per quarter.

Therefore it is very significant profit increase for every 1% increase in selling price.

Malaysia price is always slow to reflect the market price compare china.
I do not think china price up is merely the market manipulation. It is more on old stock of low price have sold out. The supply can not meet demand and cause price up rapidly.

The current CNY4150 will at least maintain till the whole period of china winter, therefore malaysia high price will also at least maintain till 1Qtr 2018.

if my above statement can be realised, 3Qtr 2017, 4th Qtr 2017 & 1st Qtr 2018 can get 50mil X3 = 150mil, EPS = 56 cents for 3 quarter results, then what will happen to Masteel TP price next year??

150 mil profit is more than their 10 years profit.