I am actually thinking is that legally to conduct market manipulation in Msia? Sometimes those news seem like purposely posted out to put pressure on the price....
ta...daaa......fnally we get to the bottom of it. KYY again loh.... but sandra....like u say ma....u r follower. but follower can also choose to be a smart or not so smart 1 ma. Good things...we follow....the long piak 1 (hit wall)....we dun follow ma. All also follow, then same as a dog le. In fact, more obedient than a dog. Like that cannot loh....
If you saw this kind of message which is against the security commission Malaysia acts and regulations, you guys can go and report. Print screen its details even though no real name or identity appealed. The authority can find him or her through IP address or VPN. Just do your part as there are a lot of people spreading fake rumors which are threatening our lives and hard earned money.
Hello Mr. Ooi, why are you saying that you feel guilty for recommending this stock? Your followers losing money now is just a temporary thing in my honest opinion. Hopefully, you are only apologizing for the short term loss as well. Personally, I still have a strong positive outlook for this counter. Cheers and happy investing everyone.
@Ooi Teik Bee I do not fear people attack me as long as the information is true. I will correct myself to be a better person. Say sorry is very easy to me if I ever make any mistake.
I am not stock god, there is no 100% success rate in stock market. I expect some stock will not perform, hence there is a cut loss level to protect my investment.
I am very fearful if I recommend a lousy stock without good fundamental. I will not sleep well if I make this type of silly mistake. I always look back to my recommendation on failed stocks. If I make a mistake on fundamental part, I will say sorry to my followers. A very good example is Genetec which made me cannot sleep well for 3 months. I feel very guilty on my part to recommend this stock and caused many of my followers lost money. I am also a human being who came from a very poor family, I know the value of hard earned money.
Posted by WinOrLearn > Dec 8, 2017 05:34 PM | Report Abuse
Hello Mr. Ooi, why are you saying that you feel guilty for recommending this stock? Your followers losing money now is just a temporary thing in my honest opinion. Hopefully, you are only apologizing for the short term loss as well. Personally, I still have a strong positive outlook for this counter. Cheers and happy investing everyone.
Ans : Masteel is a good stock both TA and FA. I do not feel guilty to recommend it. If Masteel is a lousy stock, then I feel guilty. I continue to add position.
I have spoken to Mr Koon on Masteel, he promised me that he will not write any negative report on my recommendation in future.
Posted by WinOrLearn > Dec 8, 2017 05:34 PM | Report Abuse
Hello Mr. Ooi, why are you saying that you feel guilty for recommending this stock? Your followers losing money now is just a temporary thing in my honest opinion. Hopefully, you are only apologizing for the short term loss as well. Personally, I still have a strong positive outlook for this counter. Cheers and happy investing everyone
What ever other said.. Old man still respect to OTB and KYY.. Old man solute to them.. Brave to give opinion.. even they know.. its will be a risk to be comdem by people if stock they recommend going wrongly way.. Old man ever not have ability to gave.. recommended at any stock.. Even oldman have a confident its in bull trend.. Although old man was have ability and experience do contra trade.. We must know even they are master sifu.. But.. They also human being.. Old man just old nyanyuk man Do crazy thing only.. Tut tut
yes, agree with superpanda, everything that share in i3, is just recommendation, but the decision maker still in your hand.. i dont think you guys are still childish right, who want ppl bear your risk... be appreciate when people share their homework with you...
The Company reported net profit for Q3 and Q3 YTD was RM38.7 mil (EPS 12.88 Sen) and RM63.3 mil (EPS 21.1 Sen) respectively.
Do note that Masteel Q3 for the Qtr and Q3 YTD both had a reversal of overprovision of deferred taxation of RM20.6 mil (equivalent of EPS 6.86 Sen) in respect of prior years’ written back in Q3. This reversal amount to an equivalent of EPS 6.86 Sen is a one off adjustment with no cash fkow impact.
Without the overprovision of deferred tax, the EPS for the Q3 and Q3 YTD would have been 6.02 Sen (with a net profit of RM18.1 mil) and 14.24 Sen (with a net profit of RM42.7mil) respectively. The current Q3 achievement of higher profit are mainly due to higher volume and better pricing.
The question you have to ask on Masteel.
Is the adjusted operating EPS of 6.02 sustainable given the doldrums of the construction and property industry? LAU333 had quoted the softening residential market and perhaps an even bigger problem lay in the overcapacity of shopping mall (retail space per capita has exceeded Hong Kong & Shanghai).
On prudent, I would take the average quarterly adjusted net operating profit for Q3 YTD to project my forward EPS for FY2018. Average qtrly EPS 4.75 Sen (14.24/3).
My forecast of FY18 EPS could range from upper EPS 19 Sen (4.75 X4) to lower of 15.2 (4.75X4X80%) assuming a lower profit due to lower demand due to adverse construction and property industry. With PE 9 the valuation could range from 137 to 171
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES Description MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL ("MASTEEL SHARE(S)" OR "SHARE(S)") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING MASTEEL SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE") We refer to the announcement dated 23 November 2017 in relation to the Proposed Bonus Issue. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Bonus Issue has been submitted to Bursa Securities on 11 December 2017.
RM appreciate about 5% means cheaper material cost to import scrap iron (70% of cost), spare parts and all other imported consumables. Very big impact to the bottom line.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Vision48
282 posts
Posted by Vision48 > 2017-12-08 16:12 | Report Abuse
I am actually thinking is that legally to conduct market manipulation in Msia? Sometimes those news seem like purposely posted out to put pressure on the price....