wah lau eh... nearly run amok just now and shouting to everyone paradise is coming....hehe... Where is my beloved Sandra...i promise her if it went up 10c....i go berserk proclaiming the good news since 1c down she go hysteria ....luckily it came down abit....
@kwai.. average target price 0.40....ha ha, pls q 0.30 for safety margin. Today up 1.59, tomorrow testing 1.65....FM quitely collect till 2.00 then declare tp 3.00
Its revenue for 3Q increases mainly due to higher selling price and HIGHER VOLUME.
This is also confirmed by Annjoo: "The performance was further supported by HIGHER TONNAGE SOLD on gradually IMPROVING DOMESTIC DEMAND from construction progress of various infrastructure and large scale development projects..."
This is also confirmed by SSteel: "The higher revenue and PBT for the quarter under review ... were due to HIGHER SALES VOLUME."
This is also confirmed by LonInd: "The operating environment for the steel business for the next quarter is expected to remain positive in view of the LOWER IMPORTS and the gradual INCREASE IN THE DOMESTIC DEMAND for steel products from the present increased implementation of the infrastructure projects in the country."
Yes there is slow down in property development business. However, local steel companies now get the business that was previously lost to imports from China. And there is also extra demand from infrastructure projects. These extra business is most likely larger than the decrease business from developers because all big 4 steel companies all experience HIGHER SALES VOLUME.
Sharing from Edward Brother.....This year new high... Break many speculator bad market estimation!!!! Who say malaysia steel market demand drop, no demand????? Market Price is the only way to react the correct trend!!!
edward123 Announcement 21st Dec 2017 Southern Pricing : (Afternoon) Up Rm40/Mt Y16-32=Rm2690 Y10,12,Y40 &R10 =RM2840 R6,8,12,16,20&25=Rm2890 (No Stock)
Seem like there is a temporary resistance at 1.62.. 2 days also can't break.. most likely tmr will break.. hehehe..based on last Thu and Fri resist at 1.48, this Mon and Tue resist at 1.57 wed and Thu resist at 1.62.. hopefully tmr can breakout..
waiting below 1.5.. normally festive weeks will down and fund sell to low the price b4 buy more.. but if >1.6 sustain means after new year will go to moon
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....
aslm
379 posts
Posted by aslm > 2017-12-18 09:39 | Report Abuse
Brother Edward said today rebar price up rm50/mt.. Can refer to SSTEEL forum.
edward123 Revised Announcement by Southern
18th Dec 2017
Southern Pricing : (Morning) Up Rm30/Mt
Y16-32=Rm2630
Y10,12,Y40 &R10 =RM2780
R6,8,12,16,20&25=Rm2830 (No Stock)