MALAYSIA STEEL WORKS (KL)BHD

KLSE (MYR): MASTEEL (5098)

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Last Price

0.33

Today's Change

0.00 (0.00%)

Day's Change

0.32 - 0.33

Trading Volume

776,000


18 people like this.

14,813 comment(s). Last comment by rizal2020 2 days ago

Posted by rachelhltang > 2017-12-14 09:41 | Report Abuse

How long it will take to approve bonus issue?

thomashan

1,291 posts

Posted by thomashan > 2017-12-14 09:46 | Report Abuse

coming yooo

titus

4,159 posts

Posted by titus > 2017-12-14 09:48 | Report Abuse

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

cathy

2 posts

Posted by cathy > 2017-12-14 09:57 | Report Abuse

wow, such a huge amount Kenneth has in his portfolio, impressive as I only have 3, haha

titus

4,159 posts

Posted by titus > 2017-12-14 10:12 | Report Abuse

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.....

kmohan62

484 posts

Posted by kmohan62 > 2017-12-14 10:16 | Report Abuse

....the only counter at the moment which make sense to accumulate at such a price is Masteel...

ttluck

769 posts

Posted by ttluck > 2017-12-14 10:17 | Report Abuse

ok la....small lot oso good....can earn some angpau money first....hehe,...

cathy

2 posts

Posted by cathy > 2017-12-14 10:25 | Report Abuse

true, maybe ill top up some today to 12

dudu

220 posts

Posted by dudu > 2017-12-14 11:01 | Report Abuse

The one who said Masteel will drop below 1.4 didn't appear today. Because his gugu sudah bo liao.

speakup

26,884 posts

Posted by speakup > 2017-12-14 11:03 | Report Abuse

*** BREAKING NEWS! BERITA TERKINI!

CHRISTMAS & YEAR END RALLY JUST STARTED!!!!
NOW IS TIME TO BUY!!!!! JUST SIMPLY WHACK ANY SHARE, SURE GUARANTEED MAKE MONEY!!!!

***

kmohan62

484 posts

Posted by kmohan62 > 2017-12-14 11:24 | Report Abuse

...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...

Captlan

2 posts

Posted by Captlan > 2017-12-14 11:27 | Report Abuse

Are you guys ready to take off after waiting for gugu to become giraffe for so long? Buckle up guys!!!

GG_Liang

1,008 posts

Posted by GG_Liang > 2017-12-14 12:11 | Report Abuse

Sandra86 biting her finger now

tianwang

176 posts

Posted by tianwang > 2017-12-14 12:12 | Report Abuse

wow....masteel so strong....

wingold

154 posts

Posted by wingold > 2017-12-14 12:13 | Report Abuse

Why Sandra86's Sendai keep dropping whole week? I thought follow blindly people sure become millionaire?

dudu

220 posts

Posted by dudu > 2017-12-14 12:25 | Report Abuse

All misleading cunning foxes' gugu need to be cut off.

titus

4,159 posts

Posted by titus > 2017-12-14 12:25 | Report Abuse

wingold...u dun so bad la....sandra is busy flushing weak investor out la.....

speakup

26,884 posts

Posted by speakup > 2017-12-14 17:12 | Report Abuse

IF EVERYONE BUY AND CREATE PANIC BUYING, CI=1800 NO PROBLEM!

aslm

379 posts

Posted by aslm > 2017-12-14 17:40 | Report Abuse

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.


This announcement is dated 14 December 2017

Bleh

106 posts

Posted by Bleh > 2017-12-14 17:43 | Report Abuse

Yeh!

Posted by Smallpotatos > 2017-12-14 18:17 | Report Abuse

If I buy 3 shares tomorrow, am I still entitle for the 1 share bonus? When is the last day to enjoy the bonus share?

kmohan62

484 posts

Posted by kmohan62 > 2017-12-14 18:56 | Report Abuse

Smallpotatos...you can buy until the ex-date which will be decided once the share holders voted in favour of the bonus issue in the EGM ...

Posted by mega_invester > 2017-12-14 20:17 | Report Abuse

best steel counter in malaysia~

ccs999

674 posts

Posted by ccs999 > 2017-12-14 23:45 | Report Abuse

Nice bonus was approved, buy 5098 night night sleep tight fxxk tight

elvingan

243 posts

Posted by elvingan > 2017-12-15 00:46 | Report Abuse

tomorrow buy again.....

ruffer

160 posts

Posted by ruffer > 2017-12-15 10:22 | Report Abuse

When likely the egm be held for us to vote for the bonus

dudu

220 posts

Posted by dudu > 2017-12-15 10:28 | Report Abuse

From edward123 14th Dec 2017

Southern Pricing : (Morning) Maintain
Y16-32=Rm2550
Y10,12,Y40 &R10 =RM2700
R6,8,12,16,20&25=Rm2750 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2550
Y10,12,Y40 &R10 =RM2700
R6,8,12,16,20&25=Rm2750

15th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2580
Y10,12,Y40 &R10 =RM2730
R6,8,12,16,20&25=Rm2780 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2550
Y10,12,Y40 &R10 =RM2700
R6,8,12,16,20&25=Rm2750

dudu

220 posts

Posted by dudu > 2017-12-15 10:30 | Report Abuse

From Nov RM2300 to RM2550 today.
December demand is back

titus

4,159 posts

Posted by titus > 2017-12-15 11:44 | Report Abuse

that is 10% increase from Nov oh.....

dudu

220 posts

Posted by dudu > 2017-12-15 11:46 | Report Abuse

edward123 Updated
15th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2580
Y10,12,Y40 &R10 =RM2730
R6,8,12,16,20&25=Rm2780 (No Stock)

Amsteel Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2580
Y10,12,Y40 &R10 =RM2730
R6,8,12,16,20&25=Rm2780

dudu

220 posts

Posted by dudu > 2017-12-15 11:47 | Report Abuse

EDward updated just now
RM2580 liao

andrewong

126 posts

Posted by andrewong > 2017-12-15 12:10 | Report Abuse

masteel going up soon

thomashan

1,291 posts

Posted by thomashan > 2017-12-15 14:48 | Report Abuse

but no energy yet

aslm

379 posts

Posted by aslm > 2017-12-15 14:52 | Report Abuse

rest a while...

Collin Soo

894 posts

Posted by Collin Soo > 2017-12-15 15:25 | Report Abuse

Cannot pass 1.47

Posted by BIGMUSANG > 2017-12-15 15:58 | Report Abuse

LAI LIAO!!!!

Posted by rachelhltang > 2017-12-15 16:23 | Report Abuse

no energy at all

dudu

220 posts

Posted by dudu > 2017-12-15 18:01 | Report Abuse

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.

mmk79

1,840 posts

Posted by mmk79 > 2017-12-15 18:21 | Report Abuse

Sure goreng up one. Fantastic QR + BoNus share on the way.

MJ2006

5 posts

Posted by MJ2006 > 2017-12-15 19:18 | Report Abuse

So far, Mr market give the score 1-0 for bullish supporter. And i anticipating 2-0, 3-0... is on the way.

Hosehh

2 posts

Posted by Hosehh > 2017-12-15 23:30 | Report Abuse

Prepare to fire next week onwards

SuperPanda

11,431 posts

Posted by SuperPanda > 2017-12-16 10:21 | Report Abuse

Follow uncle OTB, below 1.5 a must buy.

Posted by zaizaiRM18 > 2017-12-17 11:51 | Report Abuse

agreed, anything below 1.5 is still a bargain before chasing high price!!!!

Zhuge_Liang

2,416 posts

Posted by Zhuge_Liang > 2017-12-17 11:55 | Report Abuse

Last chance to buy before the price move up north again.
Hesitation will make you pay more.
Believe it or not ?

Posted by Babihutanding > 2017-12-17 16:25 | Report Abuse

I will be back

Fortune

250 posts

Posted by Fortune > 2017-12-17 19:57 | Report Abuse

VenFx My advice is,    

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

tianwang

176 posts

Posted by tianwang > 2017-12-18 09:14 | Report Abuse

yes....masteel..gogogo.....

aslm

379 posts

Posted by aslm > 2017-12-18 09:25 | Report Abuse

local institute is buying?

apolloang

18,163 posts

Posted by apolloang > 2017-12-18 09:28 | Report Abuse

thank you OTB,i just sold all my masteel at 1.50-1.52

aslm

379 posts

Posted by aslm > 2017-12-18 09:34 | Report Abuse

Congratulation to apolloang. I still holding this stock and follow OTB sifu's TP = 2.54.

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