Posted by caven > 2017-09-06 22:39 | Report Abuse

make it breakout at 1.24 !!

Posted by Redpeople > 2017-09-07 09:12 | Report Abuse

A successful breakout will spur prices higher towards RM1.35 (123.6%
FP) before reaching our LT target at RM1.40 (138.2% FP). Key supports
are situated near RM1.19 (5&6 Sep low) and RM1.15 (38.2% FR). Cutloss at RM1.14.

Posted by Stock Kingdom > 2017-09-07 09:14 | Report Abuse

Finally marching higher

Posted by Stock Kingdom > 2017-09-07 09:16 | Report Abuse

Yesterday were lion ind & ssteel, day before yesterday was annjoo, today belongs to Masteel?

Posted by Stock Kingdom > 2017-09-07 09:17 | Report Abuse

All steel counters up!

Posted by STC1136 > 2017-09-07 09:18 | Report Abuse

1.27 finally break record!!!!

Still cheap...

Posted by Stock Kingdom > 2017-09-07 09:20 | Report Abuse

Wow, someone sapu 1.28

Posted by Hassan850 > 2017-09-07 09:23 | Report Abuse

Yeah..Go..Go..hehe

Posted by STC1136 > 2017-09-07 09:52 | Report Abuse

Please keep till next year, don't sell too early.....Keep till you can not believe the super return profit of steel counter.... 10 years only can get one chance.....

Posted by KLCI King > 2017-09-07 11:19 | Report Abuse

OMG, 400k units @ 1.27 just kena sapu in one go

Posted by KLCI King > 2017-09-07 11:20 | Report Abuse

Funds are collecting Masteel since it is lagging behind other Big 4

Posted by KLCI King > 2017-09-07 11:28 | Report Abuse

300k @ 1.28 also kena sapu, if these are not funds buying, who's buying?

Posted by KLCI King > 2017-09-07 11:40 | Report Abuse

Gogogo!!! 1.30

Posted by Hassan850 > 2017-09-07 11:41 | Report Abuse

OMG..hahaha

Posted by fly_high > 2017-09-07 11:42 | Report Abuse

big road block @ 1.30

Posted by onlyinvestment > 2017-09-07 12:08 | Report Abuse

waiting is valueable...

Posted by windcloud > 2017-09-07 12:27 | Report Abuse

will surge to 1.50 soon ... hold tight ..... the next qtr result will be very fantastic

Posted by WavesRider > 2017-09-07 12:29 | Report Abuse

on board 1.25

Posted by lzz88 > 2017-09-07 13:06 | Report Abuse

Trading idea: MASTEEL – A laggard against its peers; Heading towards RM1.28-1.40 amid positive triangle breakaout
https://klse.i3investor.com/blogs/hleresearch/131682.jsp

Posted by Ricky Lim Wei Yan > 2017-09-07 13:20 | Report Abuse

luckily bought on RM1.03 in mid of JULY,now watch show only

Posted by JayC > 2017-09-07 15:46 | Report Abuse

Macquire still have balance 3.5million share to PP for first tranche. I believe they block it @1.30

Posted by bursainvest12 > 2017-09-07 15:58 | Report Abuse

lower market price lower PP subscription cost, 10% discount is the same. Why want to fork out more? of course block it now, take up more PP before let the price go higher then. May be good for those not yet onboard. Come now! 1.30 many lots u can buy.

Posted by KLCI King > 2017-09-07 16:22 | Report Abuse

haha, 1mil road block @ 1.30 cleared!!!

Posted by JayC > 2017-09-07 16:25 | Report Abuse

i believe bonus issue announcement is coming soon. completion date end september

Posted by KLCI King > 2017-09-07 16:36 | Report Abuse

Why Ann Joo & Masteel will be the clear winners in the coming Quarter?

Because of the ratio of their inventories over the revenue in the latest QR.

Ann Joo is 180%
Masteel is 149%
SSteel is 105%

Posted by 林俊松 > 2017-09-07 16:43 | Report Abuse

Today all steel companies shoot up!

Posted by KLCI King > 2017-09-07 16:58 | Report Abuse

Closed highest today

Posted by JayC > 2017-09-07 17:20 | Report Abuse

more to come!!!!

Posted by STC1136 > 2017-09-07 18:25 | Report Abuse

The Balance 3.5 Million has sold out today. No more stock for first tranche.



http://www.bursamalaysia.com/market/listed-companies/company-announcements/5538213


JayC Macquire still have balance 3.5million share to PP for first tranche. I believe they block it @1.30
07/09/2017 15:46

Posted by JayC > 2017-09-07 18:51 | Report Abuse

Told u so..... now we must vote to abandon the 2nd tranche of Pp

Posted by JayC > 2017-09-07 18:51 | Report Abuse

Don't let Macquarie dilute the share further

Posted by bursainvest12 > 2017-09-07 20:26 | Report Abuse

With 1st tranche PP fully subscribed and issued, hopefully Masteel can now proceed with bonus issue.

Posted by Joe Yeow > 2017-09-07 21:46 | Report Abuse

How come the board of director keep PP activities. It's very unfair to the share holder as us.

Can we vote to stop them ?!...

Posted by notebook > 2017-09-07 21:53 | Report Abuse

what PP use for, factory already fully occupied
got money on hand, if wanna expand 10% PP is not enough
management do not care about other shareholder, just trying to dilute the share and profit.

Posted by soojinhou > 2017-09-07 22:01 | Report Abuse

Macquarie is the 5th largest bank in Australia. Don't you all think that having them as shareholder brings reputation and legitimacy to the company?

Posted by Joe Yeow > 2017-09-07 22:10 | Report Abuse

Total proposed PP is 24million , up to date 14.255million share is PP already

Still 10million to go , How you guys rate about these activities ?!...

But quite sure , existing share holder has drop 10% value for this kind PP activities .

Posted by bursainvest12 > 2017-09-07 22:14 | Report Abuse

EGM on June 2017 approved bonus issue exercise.
https://klse.i3investor.com/files/my/blog/img/bl3871_egm_2.png

Shareholders circular on bonus issue - estimated timeframe
Bonus issue to be completed by 3rd quarter of 2017.
https://klse.i3investor.com/files/my/blog/img/bl3871_circular_3.png

Meaning Masteel needs to announce the entitlement date soon to deliver their promise in the circular.

Posted by Joe Yeow > 2017-09-07 22:21 | Report Abuse

Jay C , can we deny for 2nd tranche of PP ?...

Posted by JayC > 2017-09-08 00:07 | Report Abuse

Macquarie want to buy masteel cheap by Pp. Be like everyone else la n buy from open market. Then I don't mind them as one of major shareholder

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

T+1 bought 1.25 sold 1.33. thank you MASTEEL.

Posted by KLCI King > 2017-09-08 11:03 | Report Abuse

RM vs USD is strengthening & Masteel is directly benefiting from the RM appreciation.

30/09/2016 = RM4.125
31/12/2017 = RM4.486 (-8.75%, QR forex loss = 11.02mil)
31/03/2017 = RM4.427 (+1.3%, QR forex gain = 1.3mil)
30/06/2017 = RM4.295 (+2.98%, QR forex gain = 6.44mil)
07/09/2017 = RM4.192 (+2.4%, QR forex gain = ???)


http://cdn1.i3investor.com/my/files/st88k/5098_MASTEEL/qr/2016-12-31/5098_MASTEEL_QR_2016-12-31_Masteel%204Q%202016_-825292021.pdf

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

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

Posted by KLCI King > 2017-09-08 11:18 | Report Abuse

MASTEEL : Steel Miller That Direct Benefiting of Strengthening Ringgit
https://klse.i3investor.com/blogs/happyinvest/131769.jsp

Posted by Stock Kingdom > 2017-09-08 11:33 | Report Abuse

Well done for great analysis on the positive impact towards Masteel, Thanks for sharing, KLCI King!

Posted by JayC > 2017-09-08 11:35 | Report Abuse

i think RM2 is no longer a issue for this share.

STEEL related counters are going to get a rerating soon. due to stable steel price and low PE all round

catalyst is more corporate exercise like bonus issue, share split, dividend payment. and free warrant then wham boom bam... PE will be 8 to 12 depending on size of counter is not an issue

Posted by Stock Kingdom > 2017-09-08 11:36 | Report Abuse

Well said, JayC

Posted by goyangkaki > 2017-09-08 11:43 | Report Abuse

fully agreed

Posted by KLCI King > 2017-09-08 11:56 | Report Abuse

The ratio of their inventories over the revenue in the latest QR.

Ann Joo = 180%
Masteel = 149%
SSteel = 105%

Posted by Alex Foo > 2017-09-08 11:57 | Report Abuse

Private Placement - 3,000,000 shares at 1.036.

fuiyo, anyone know how to subscribe for PP?

Posted by KLCI King > 2017-09-08 11:59 | Report Abuse

I said below comment 3 weeks ago, agreed on JayC on the following:

catalyst is more corporate exercise like bonus issue, share split, dividend payment. and free warrant then wham boom bam... PE will be 8 to 12 depending on size of counter is not an issue
08/09/2017 11:35

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Stock: [MASTEEL]: MALAYSIA STEEL WORKS (KL)BHD
Aug 18, 2017 05:18 PM | 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 pilot20 > 2017-09-08 12:13 | Report Abuse

NTA 2.32 vs current price 1.39?? That's a 1 ringgit difference