Posted by Frederick Foo > 2017-11-24 17:23 | Report Abuse

How to subscribe Mr.Ooi?

Posted by csl1991 > 2017-11-24 17:34 | Report Abuse

Great show today as we managed to sustain 14.39%. Looking forward to RM2.70!!!

Posted by Max Yong > 2017-11-24 18:30 | Report Abuse

Seems
Like Monday will have another wave from Annjoo holders.

Posted by KingOfStock > 2017-11-24 21:48 | Report Abuse

sold all today, will buy back again in cheaper price soon.

Posted by Wong Joe > 2017-11-24 22:12 | Report Abuse

Monday the price will gap down? Candle stick show very long shooting star hammer, the Bollinger band is out... feeling scare scare...

Posted by Yu_and_Mee > 2017-11-24 22:46 | Report Abuse

Up too high today, scare to take up!

Posted by Yaozu Hoàng > 2017-11-24 23:20 | Report Abuse

How to subscribe to Mr OTB?

Posted by Yaozu Hoàng > 2017-11-24 23:24 | Report Abuse

@Wong Joe

Posted by kmohan62 > 2017-11-24 23:28 | Report Abuse

....traders and speculators should be worried...not for those investors with mid to long term view...especially at least until 2020...where the government impose between 20 and 25%.anti-dumping duties for steel bars etc from China....and with all the infrastructure projects in place...this stock will only go north....of course there will be pull backs every now and then....that's where the traders and speculators will get themselves burned...

Posted by dalpinia > 2017-11-25 10:46 | Report Abuse

Monday will shot up as Friday too many took profit....last chance to buy in at rm1.5+....Dec 2017 onwards will increasing slowly to rm2.....

Posted by STC1136 > 2017-11-25 13:05 | Report Abuse

KUALA LUMPUR (Nov 23): Malaysia Steel Works (KL) Bhd's (Masteel) net profit for the third quarter surged by more than 30 times to RM38.67 million from RM1.24 million a year ago, thanks to higher selling prices of steel bar and increased sales volume.

The sharp rise in earnings was also due to improving market conditions and robust demand from the domestic construction industry, the group said in a stock exchange filing.

Revenue for the three months ended Sept 30, 2017 grew 45.7% to RM401.45 million from RM275.45 million a year ago.

The group said its new steel rolling mill, which commenced operations in the second half of 2016, also contributed towards the additional sales volume and profit margin improvement. The new mill, which is Masteel's third facility, manufactures premium-grade steel bars and has an annual capacity of 250,000 tonnes.

Cumulative nine-month net profit jumped by 272.7% to RM63.34 million from RM17.0 million a year earlier, while revenue rose 20.8% to RM1.04 billion from RM861.81 million.

"We are benefitting from improved market conditions, led by stabilising international steel bar prices and reduction in capacity by various steel mills in China," said Masteel managing director and chief executive officer Datuk Seri Tai Hean Leng. "This has contributed to better selling prices and stronger sales."

Tai said in the meantime, the group is also leveraging on its new rolling mill in Bukit Raja, Klang, to produce premium-grade steel bars that fetch better margins.

"Overall, we would continue to benefit from strong demand for steel bars on the back of a vibrant construction industry, driven by numerous public infrastructure and transport projects. We are operating at optimal capacity utilisation and are set for strong performance for the rest of the year," he said.

Still, Masteel noted that the demand and prices of steel bars are expected to be dampened by the seasonal weather phenomenon and year-end holidays. It added, however, that the subsequent rebound of demand could be stronger in the ensuing months as the rollout of major public infrastructure projects are expected to intensify.

"As such, prices are expected to recover in line with demand. The performance of the company will be closely linked to the convergence of the above mentioned factors," the group said.

Posted by STC1136 > 2017-11-25 13:05 | Report Abuse

Masteel also proposed to issue up to 106.81 million bonus shares to its shareholders. The exercise will see the disbursement of the shares on the basis of one bonus share for every three existing shares held on an entitlement date to be determined later.

"In addition, the proposed bonus issue will enable the company to fully utilise its remaining reserves held under [its] share premium account whilst potentially improving the liquidity and marketability of Masteel shares," said the group.

The planned issuance, it said, will be wholly capitalised from the group's share premium and retained earnings account at 50 sen per bonus share, being the reference to the par value of Masteel shares.

While it does not expect the exercise to materially impact its earnings for the financial year ending Dec 31, 2017, Masteel acknowledged there will be a corresponding dilution in its earnings per share as a result of the increase in the number of shares issued.

Masteel expects to complete the bonus issuance by the first quarter of 2018.

Posted by STC1136 > 2017-11-25 13:06 | Report Abuse

http://www.theedgemarkets.com/article/masteel-posts-over-30fold-rise-3q-net-profit-plans-bonus-issue

Posted by STC1136 > 2017-11-25 13:09 | Report Abuse

i believe, the company may plan bonus share issue at the same time of Q4 2017 result on End of February 2018.

That is the time to also celebrate the Chinese New Year.

Is it means the Big Ang Pao to Masteels all shareholders??

Posted by dalpinia > 2017-11-25 18:27 | Report Abuse

http://www.klsescreener.com/v2/news/view/311563

Posted by Frank Tan > 2017-11-26 12:51 | Report Abuse

Monday continue uptrend? Or follow lionid/petron down with good QR?

Posted by Frederick Foo > 2017-11-26 13:20 | Report Abuse

uptrend...as most of them took profit last.Friday

Posted by yawnef6578 > 2017-11-26 14:20 | Report Abuse

How about the forex gain for Q3? Why the unrealized forex gain below 2millions?

Posted by coffeemoney > 2017-11-26 14:51 | Report Abuse

Every MASTEEL shareholders should be happy of its performance. I missed MASTEEL because I moved to CSCSTEL and I regretted invested in one of the worst steel counter in Malaysia!
MASTEEL shareholders are all unrealised and/or realised gain
CSCSTEL shareholders all unrealised and/or realised LOSS !

Posted by Collin Soo > 2017-11-26 14:58 | Report Abuse

Coffeemoney@You are not late yet. Welcome to join Masteel and we aim for target price at least 2.00.

Posted by coffeemoney > 2017-11-26 15:07 | Report Abuse

Collin Soo - I am moving back to MASTEEL soon. MASTEEL can perform very very well.
Not like that CSCSTEL, smelly performance.
MASTEEL 2.00, not a dream.

Posted by Edwardong53 > 2017-11-26 15:09 | Report Abuse

Hope next week it will be LSteel turn to surge in anticipation of very good Qtr results to be released and expected to be better than Emetal.

Posted by kenlee > 2017-11-26 15:11 | Report Abuse

limited upside for masteel. price already factor in all good news

Posted by coffeemoney > 2017-11-26 15:18 | Report Abuse

masteel is doing very well, expecting better performances in the future, mid-term investment is good. 2.00 not a dream, for me 1.80 is enough.

Posted by derrick37 > 2017-11-26 16:55 | Report Abuse

Masteel PE become much lower due to excellent EPS this quarter, now is still very good opportunity and price to enter this counter before rise another 10-20 percents.

Posted by Derrick0617 > 2017-11-26 19:58 | Report Abuse

I sincerely hope people can sell so that i can buy cheap haha

Posted by STC1136 > 2017-11-26 22:42 | Report Abuse

The Cheap Rebar price is confirm going to historical in China.... For malaysia, i believe no more below RM2,200 till year 2020, even have also very short term, unless China government not going to protect their environment & pull back the decision of production cut & closed down of illegal factory. The legal factory need to pay more money to comply with more expensive environment regulation.

The demand of malaysia market is still very weak, however still maintain above RM2,300 means the supply is very tight, so among 4 Long steel market, whose inventory rate higher can grab this "profit opportunity"

If you go to calculate stock turnover, Masteel is on high position, therefore some of Lion customer run to Masteel when Lion stock on low level or having stock out situation. These is important during the tight situation, the higher inventory can make more profit, maximise the production capacity & thus earn more profit.

Most of raw material either iron core, imported metal scrap or local metal scrap, Mostly is cash term, therefore sufficient working capital is vital when you want to increase inventory.

Posted by Invest_168 > 2017-11-26 22:50 | Report Abuse

This is not the time to sell but add in for existing shareholders. For people who miss the boat previously, it's good time to add this golden goose in your portfolio before it produce more golden eggs.

Posted by AhKim > 2017-11-26 23:11 | Report Abuse

gogogo Masteel!!

Posted by cresbinvest > 2017-11-26 23:47 | Report Abuse

by looking at LIONIND's quarter report, inventories is around 455mil which unlikely to support surge of demand. more and more local customers will go to masteel and it is likely to break new high revenue in Q4 with additional local customers and export opportunities.

Posted by swissvillage > 2017-11-27 08:28 | Report Abuse

Kesm is a good semiconductor stoxk with a low P/E. A stock split is likely to happen near future.

Posted by victor9999 > 2017-11-27 08:57 | Report Abuse

hahaha buy kesm wait die? funny la u

Posted by Frederick Foo > 2017-11-27 09:15 | Report Abuse

still taking profit...just wait after all profit taker gone, the price will up

Posted by STC1136 > 2017-11-27 10:05 | Report Abuse

1.59, going to break 1.60.....

Posted by Tom > 2017-11-27 10:05 | Report Abuse

1.6 liao

Posted by LaiChiPet > 2017-11-27 10:07 | Report Abuse

masteel n kesm much much better than overvalued VS

Posted by Frank Tan > 2017-11-27 10:07 | Report Abuse

touch 1.60 liao, Oh yeahhhhh

Posted by tianwang > 2017-11-27 10:09 | Report Abuse

yes....very good...buy..buy..buy...

Posted by STC1136 > 2017-11-27 10:16 | Report Abuse

So many company Q3 result either bad / maintain, many invester sell & parking sideline, so there is a lot of cash waiting to find opportunity.

Therefore Masteel recent good news giving them an opportunity to make money.

My One year TP 2.00 is not far.

Posted by Up_down > 2017-11-27 10:36 | Report Abuse

MAsteel is the limelight among the steel counters after proving sustainable profit margin and revenue growth...

Posted by Tom > 2017-11-27 10:50 | Report Abuse

revised TP: 2.50 before cny (before bonus issue ex-date)

Posted by Yun Kai > 2017-11-27 10:53 | Report Abuse

Congratz to all MUST STEEL HOLDER. ! CONGRATZ!

Posted by siaw53699 > 2017-11-27 11:07 | Report Abuse

miss the chance to buy at 1.51 last week....

Posted by yewyin33 > 2017-11-27 11:37 | Report Abuse

Masteel shareholders must look at the company’s future profit prospect
Koon Yew Yin 27 Nov 2017
All Masteel shareholders are making money on paper because the share price shot up due to the proposed 1 for 3 bonus share issue.

As much as I hate to pour cold water to spoil the enthusiasm and jubilation, I must tell you what I know about the property development business and how it is affecting Masteel and other steel products manufacturers.

Masteel manufactures mild and high tensile steel rods for the concrete construction and property development business.
Following a Bank Negara Malaysia (BNM) report warning that unsold residential properties are at a decade-high level, the government has frozen luxury property developments from Nov 1, The New Straits Times reported.
The report quoted Second Finance Minister Johari Abdul Ghani as saying the cabinet decided this after scrutinising the BNM report on the real estate glut.
“The Bank Negara report takes into account high-rise condominiums, shopping malls and commercial units, including those that are valued at more than RM1 million,” he said.
He said the directive temporarily stops development of shopping malls, commercial complexes and condominiums valued above RM1 million until the excess supply is cleared.

If all Masteel shareholders open their eyes, they can see there an oversupply of properties in every town and city in Malaysia.
If property developers cannot sell their development, they would not buy steel rods from Masteel which will definitely affect the company’s profit. But why is Masteel showing good profit?

Masteel’s current good result is due to the late payment by developers and contractors. They could not pay within the 30 days credit limit.
Conclusion: All investors must not only look at the financial and technical analysis, but they must also look at the company’s business. Due to the oversupply of unsold properties, Masteel’s business will be badly affected and its future profit will be reduced which will definitely push down its share price.
Masteel has no profit growth prospect which is the most important share selection criterion.

Posted by Up_down > 2017-11-27 11:45 | Report Abuse

We follow facts and figures to invest....Not base on 'what I think'...which is grossly biased in making a decision. lol.

Posted by Up_down > 2017-11-27 11:56 | Report Abuse

Dare to accept a mistake so as to live more comfortably....keep a mistake in the heart would cause us mumbling non stop. lol

Posted by HENGYUAN sexy babe @ RM21 > 2017-11-27 12:04 | Report Abuse

wow, going up crazy.

Posted by myongcc5 > 2017-11-27 12:42 | Report Abuse

See! Old Idiot King come to duck the bark? Go back to Jaks n Jacks!

Posted by myongcc5 > 2017-11-27 12:43 | Report Abuse

What a great mistake tht is repeated

Posted by myongcc5 > 2017-11-27 12:44 | Report Abuse

See Gold steel at 2.5