Posted by smartInvestor1 > 2017-09-08 12:41 | Report Abuse

Buy call 1.20 now 1.40 paper gain 17% in 5 days.. tq Mr market

Posted by smartInvestor1 > 2017-09-08 12:42 | Report Abuse

Masteel is small thus more explosive than annjoo

Posted by windcloud > 2017-09-08 12:43 | Report Abuse

Today Masteel is doing good job even PP shares quoted on today, think after 12th, mostly likely will break 1.50 soon ......

The only steel counter that I am holding since limited capital.

2nd tranche of PP condition will be different I think, 1st tranche is by serving notice from Macq, 2nd tranche will be from Masteel if not wrong ..... for 2nd tranche PP, price think will push above 1.50.

Just hold tight .... hope can reach TP 1.50 soon .....

Posted by Ricky Lim Wei Yan > 2017-09-08 13:26 | Report Abuse

now i only.hope they can announce bonus issue asap

Posted by goyangkaki > 2017-09-08 14:15 | Report Abuse

With current surge in rebar, cut of steel in china, strengthen usd, safeguard..

Posted by goyangkaki > 2017-09-08 14:17 | Report Abuse

With current surge in rebar, cut of steel in china, strengthen usd, safeguard..

Posted by JayC > 2017-09-08 15:16 | Report Abuse

aiseh, no more energy after ALL TIME HIGH 1.41

Posted by windcloud > 2017-09-08 15:20 | Report Abuse

Buy on weakness .... after 1st tranche PP done on 12/8 ..... bonus issue will be on the way soon and sooner ......

Posted by windcloud > 2017-09-08 15:20 | Report Abuse

*** 12/9 ****

Posted by STC1136 > 2017-09-08 15:33 | Report Abuse

Company profile. MASTEEL (listed in Feb 2005) is one of the biggest long steel manufacturers in Malaysia, which is involved in the manufacturing of steel billets and steel bars. The manufacturing facilities of MASTEEL are located in Petaling Jaya and Bukit Raja, Klang, housing an annual capacity of 700,000 MT billets and 600,000 MT steel bars, respectively.
It has over 60 domestic dealers and several international trading houses as partners in Australia, New Zealand, Indonesia, Singapore, Thailand, Vietnam and the Philippines. In FY16, exports accounted about 8% to revenue.
MASTEEL also has an associate company which manufactures radioisotopes for the imaging of cancer cells has seen rapid growth in revenue for the last 3 years (from ~RM1.4m in FY14 to ~RM3.3m in FY16). Its radioisotopes manufacturing facility is located in Bandar Enstek, Negeri Sembilan, supplying mainly to the hospitals throughout Peninsular Malaysia.
Anticipate a stronger 2H17. For the remainder of 2HFY17 and FY18, market is anticipating a gradual pick-up in infrastructure projects, which reinforces prices of local steel rebars to trade at multi-year high of ~RM2700/tonne levels. Overall, steel prices are likely to remain strong, buoyed by strengthening RM/US$ (which will cushion margin compression amid rising raw material prices), Malaysia’s government safeguard duties coupled with the higher China rebar prices (FIG3) following a confluence of factors including stable demand, capacity cuts and policies to reduce pollution.

Posted by STC1136 > 2017-09-08 15:34 | Report Abuse

Playing catch-up. At RM1.22, MASTEEL is trading at 0.54x P/BV and 6.1x FY17 P/E, which are 62% and 33% below its peers (refer FIG2), respectively. In the near term, MASTEEL’s share prices are likely to play catch-up with its peers as current steep discounts are unwarranted.

Positive downtrend resistance breakout. The stock has been trading above the daily support trendline and major SMAs from a low of RM0.955 (11 July). Despite rallying 27% to end at RM1.22 yesterday, share price continued to lag its peers YTD (refer FIG2). In anticipation of a better results in the coming quarters and bullish downtrend line breakout, the stock is likely to break 52-week high of RM1.28 (24 May) soon, supported by positive daily and weekly technical indicators.
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). Cut loss at RM1.14.
Source: Hong Leong Investment Bank Research - 7 Sept 2017

Posted by STC1136 > 2017-09-08 15:35 | Report Abuse

LT target 1.40, no wonder touch 1.40 start fall....

HL funds is playing...

Posted by STC1136 > 2017-09-08 15:37 | Report Abuse

The Masteel selling price has climbed to 2,700 per tons? true or not, so fast??

Posted by tomblack > 2017-09-08 15:52 |

Post removed.Why?

Posted by onlyinvestment > 2017-09-08 17:27 | Report Abuse

Just sharing , my friend who work in hardware factory told me the price for rebar now was stand on 27xx compare with july sale.price was 22xx . Up 500 per ton within 2 month. Huat liao this time

Posted by moneySIFU > 2017-09-08 17:28 | Report Abuse

Good closing

Posted by paperplane2016 > 2017-09-08 17:30 | Report Abuse

congrats

Posted by gsi723 > 2017-09-08 22:25 | Report Abuse

LT 1.90...

Posted by SuperPanda > 2017-09-08 22:44 | Report Abuse

good for shareholder but careful to those just enter >1.30

big fund bought many from 1.10-1.30, if 1.40 cannot break price may correction below 1.30

btw, china steel cut prod had caused price up but russia and iran will still contribute to balance the shortage and we dont know the impact china prod cut vs workers losing job there. gov may take action anytime and next qtr still many months to go

to those had profit.. congrats.

Posted by SuperPanda > 2017-09-08 22:49 | Report Abuse

on the other side, if global price up can sustain for 3 more quarters, those whom enter even >1.30 can earn thousands.. 1.40 still cheap at PER 8.8 forecast earnings 40m annually.

Posted by Stock Kingdom > 2017-09-09 13:19 | Report Abuse

Appreciation of ringgit carry positive impact to Masteel, at 4.195, my guess is Masteel will get 5mil forex gain in the coming QR.

if RM can continue strengthen against USD to RM4, like what newspaper forecast, how?

---------------------------
KLCI King 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 = ???)

08/09/2017 11:03

Posted by Stock Kingdom > 2017-09-09 13:33 | Report Abuse

Last 3 Q total net profit was 28.6mil, and I estimate coming Quarter is at least 40mil, at market capitalization of 350mil, it is only PE5.

Posted by Stock Kingdom > 2017-09-09 13:34 | Report Abuse

Any re-rating activity by market will see Masteel going for RM2

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

31/12/2017should be 31/12/2016

Thx for the summary. For those counter earns on exports in usd like hevea/latitude/lii hen will hve their margins cut. All downside now.

Posted by Stock Kingdom > 2017-09-09 13:41 | Report Abuse

Haha, thanks for highlighting, didn't aware that, I just copied & pasted from KLCI King comment. :)

Posted by moneySIFU > 2017-09-10 00:43 | Report Abuse

Well said, stock kingdom & KLCI King

Posted by Leo72 > 2017-09-10 17:36 | Report Abuse

if Re-rating will top up more :)

Posted by Energiser > 2017-09-10 17:45 | Report Abuse

If wait until rerating only buy will be high already. Looks like market is pricing in upside in undervalued low PE steel counters and downside in overheating high PE tech stocks. In addition, continuous MYR strengthening against USD is additional bonus for steel counters like Masteel.

Posted by SuperPanda > 2017-09-10 19:58 | Report Abuse

Energiser, normal for tech stock with high PE due to current and future market potential, while heavy industry is matured sector mere on demand/supply which less potential. Thats why investor willing to pay more for tech stock.

Posted by Energiser > 2017-09-10 22:39 | Report Abuse

SuperPanda yes tech stocks have high PE but that also means high downside risks if any hiccups in earnings (i.e. IQgroup's recent quarter results). Also, with the mega gains from tech stocks with some hitting few hundred % gains, will not be surprised if investors choose to take profits and shift rebounds funds to investments with more upside potential currently such as steel stocks.

Posted by kee262 > 2017-09-10 22:58 | Report Abuse

Moneysifu
Please come back actively in I3. You keep telling leoting and Edward to ignore what others say. You should do the same. Your contribution is really missed. Hope you will ponder this and come back like the good old days.

Posted by STC1136 > 2017-09-11 09:43 | Report Abuse

Break again 1.41...Congra those has start to get their rich harvest!!!

Posted by dalpinia > 2017-09-11 10:44 | Report Abuse

假设ANNJOO可在FY17交出RM230m的盈利，以500.14m股数计算，其每股盈利将会是46仙。再以10-12倍PE推算，其每股潜在价值处于4.60-5.52之间，相等于30-50%的潜在涨幅。本专页认为目前的钢铁股已不再适合之前的8倍了，主要因为钢铁未来一年的行情已全面看涨，不再像2015年的产能严重过剩。

Posted by dalpinia > 2017-09-11 10:44 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/131915.jsp

Posted by fattycat > 2017-09-11 11:00 | Report Abuse

yeah~~ luckily bought 1.3 last week.
happy ^^

Posted by skyishigh > 2017-09-11 11:15 | Report Abuse

is now still a right time to invest?

Posted by JayC > 2017-09-11 11:26 | Report Abuse

can buy until bonus announcement.

Posted by pilot20 > 2017-09-11 11:37 | Report Abuse

Bonus should be before end of this month

Posted by Mike Jcy > 2017-09-11 12:13 | Report Abuse

After steel den next will b wts countet? Anyone can suggest out?

Posted by Winmore88 > 2017-09-11 13:10 | Report Abuse

should be either bandar malaysia theme or GE14 theme

Posted by Mike Jcy > 2017-09-11 13:24 | Report Abuse

Myeg? Hehe

Posted by windcloud > 2017-09-11 15:15 | Report Abuse

i sold Masteel (brought at 1.025), released capital first.

Posted by pilot20 > 2017-09-11 15:30 | Report Abuse

congrats to you windcloud! I'm holding, looking forward to the bonus issue

Posted by KLCI King > 2017-09-11 15:44 | Report Abuse

great to see steel price up RM20 again to RM2770

edward123 8th Sept 2017

Southern Pricing : (Morning) Up Rm20/mt
Y16-32=Rm2620
Y10,12,Y40 &R10 =RM2770
R6,8,12,16,20&25=Rm2820 (No Stock)

Amsteel Pricing : (Morning) Up Rm20/Mt
Y16-32=Rm2620 (only certain size have)
Y10,12,Y40 &R10 =RM2770(do not have sufficient stock)
R6,8,12,16,20&25=Rm2820
11/09/2017 13:32

Posted by KLCI King > 2017-09-11 15:46 | Report Abuse

Almost 35% up from RM2000

Posted by windcloud > 2017-09-11 16:17 | Report Abuse

thanks pilot20, by right my target is to gain about 50%, but finally gave up as need to pick up others shares, so lock in profit first ....

wish you huat ..... if next time free up capital will come back ...

Cheers all.

Posted by KLCI King > 2017-09-11 16:24 | Report Abuse

1.43 cleared, good

Posted by KLCI King > 2017-09-11 16:34 | Report Abuse

@windcloud, So early lock in profit, what stock you buying now? Better future than steel？

Posted by KLCI King > 2017-09-11 16:49 | Report Abuse

haha, confirmed cleared & closed 1.44

Posted by angsp > 2017-09-11 16:57 | Report Abuse

new TP 160?