emmm....saw it was announce that the bank has made submission and also reported they target by 1st Q 2018....so will they announce before CNY is anyone guess la. Being a Chinese management ( I tembak only. not sure on the management) i think they also want ppl and them to huat huat in the new year....so hopefully before CNY loh
yesterday when masteel down 1c.....sandra like a hysteria lady running around screaming as if end of the world.....so now up 2c, should i also run amok and telling paradise is coming? I think wait till when it goes up 10c......lhehe..
best part is, u can't find her comment anymore. She deleted it.......lol.....
...just secured another 20K at RM 1.45....with bonus....expect to hold at least 120k...a word of caution...i am an investor...not speculator...holding for mid term....so if you are trader or speculator...please don't pull my stance...
On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 14 December 2017, approved the listing of up to 106,810,281 Bonus Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:-
Masteel and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements (“Main LR”) pertaining to the implementation of the Proposed Bonus Issue; Masteel and UOBKH to inform Bursa Securities upon completion of the Proposed Bonus Issue; Masteel to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; Masteel to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders at the extraordinary general meeting for the Proposed Bonus Issue; and Masteel and UOBKH are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Main LR.
See what the steel manufacturer said on Malaysia steel demand. You believe this or believe what KYY said?
Prospect Steel demand in Malaysia for 1H 2017 declined by 7.7% y-o-y was mainly due to a slowdown in demand for long products. The steel demand in Malaysia is expected to recover in the second half of the year and register a positive growth rate supported by the country’s strong economic growth. Malaysia economy grew at a faster pace of 6.2% in the third quarter of 2017 compared to 5.8% in the second quarter of 2017.
The stronger pace of growth was propelled by both sustained domestic demand and improved external sector. Higher economic activities in the services, manufacturing and agriculture sectors were the key engines that drove the economy in the third quarter. The construction sector again will be the main driver in boosting the steel consumption in Malaysia. The construction sector is expected to grow 8% in 2017 and forecast to post a robust growth for the next three years, as more government infrastructure projects are to be implemented as announced in the 11th Malaysian Plan (2016 to 2020) and Budget 2017. Among key infrastructure projects are the East Coast Rail Line (ECRL), the Kuala Lumpur-Singapore High-Speed Rail (HSR), Mass Rapid Transit Line 2 and 3 (MRT), Light Rail Transit Line 2 and 3 (LRT), the Pan Borneo Highway, the Merdeka PNB 118 skyscraper, and the Refinery and Petrochemicals Integrated Development project in Johor. The continuing efforts by Chinese Government and its plans to cut production capacity will help stabilise the world steel prices which will definitely benefit the local steel industry players.
The Group remains positive on the outlook of steel industry with the above essential drivers. The Group is committed to continuous improvement on productivity and technical competency while expanding its products range, and will also focus on procurement and pricing strategies as well as working capital management to drive its costs leadership in the sector.
Swap from this pitifully scunning counter to Steel player eg. Annjoo / Ssteel / Lionind / Masteel Can long fir another 1-2 years.
13/12/2017 12:36
hahaha... why venfx and deMusangking come to anzo barking and screw up everyone and promote his stock? shame on VenFx and deMusangking , gets stuck at others stock. make use of anzo investors to save them. we can see their motive now, what a low class investors, really low class investors. what a shame
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....
rachelhltang
44 posts
Posted by rachelhltang > 2017-12-14 09:41 | Report Abuse
How long it will take to approve bonus issue?