Posted by Albukhary > 2017-04-07 23:09 | Report Abuse

Estimated EPS is 11sen... Huat ah everybody!

Posted by limayseng > 2017-04-08 08:58 | Report Abuse

Any big time projects after 2018 may have the tendency to b axed if n when a new political scenario apears. These as punters we should bear in mind n not 100% depends on mob mentality.

Posted by OOMMGG > 2017-04-08 09:43 | Report Abuse

China sets up $11.6 billion fund for steel sector reform

BEIJING, April 7 (Reuters) - China is aiming to raise as
much as 80 billion yuan ($11.60 billion) for a special
investment fund to help finance the restructuring of its steel
industry, a statement said on Friday.
The fund will be run by a management vehicle in which top
Chinese steelmaker China Baowu Steel Group <600019.SS>, the
U.S.-China Green Fund and China Merchants Group [CNMGP.UL] have
each contributed 1 billion yuan as seed capital, a statement
issued by the investors said on Friday.
The value of the fund will be between 40 billion yuan and 80
billion yuan (5.8 billion-11.6 billion), it said.
China, the world's largest producer and consumer of steel,
has embarked on tough reforms to cut overcapacity in the sector
as part of the country's wide-ranging supply side reforms.
The fund will help the sector get rid of excess capacity,
shut down zombie enterprises, speed up mergers and
reorganisation, and promote international co-operation on
production, said Baowu chairman Ma Guoqiang at a signing
ceremony in Shanghai.
($1 = 6.8955 Chinese yuan renminbi)

Posted by OOMMGG > 2017-04-08 10:02 | Report Abuse

Here's how much more steel China will need for its new megacity

http://www.cnbc.com/2017/04/05/heres-how-much-more-steel-china-will-need-for-its-new-megacity.html

Posted by Rasta07 > 2017-04-10 09:55 | Report Abuse

So low volume today?

Posted by limayseng > 2017-04-10 13:30 | Report Abuse

Will there b a possibility that major projects cancelled due to political reasons .

Posted by Rasta07 > 2017-04-10 14:38 | Report Abuse

maybe if there is a change of gomen, then there is possibility to be cancelled, i guess

Posted by Rasta07 > 2017-04-10 14:46 | Report Abuse

Anyone know when MITI will make announcement?

Posted by nicky11 > 2017-04-10 16:57 | Report Abuse

Seems like no announcement yet

Posted by MrPauper > 2017-04-11 11:51 | Report Abuse

Be prepared for another round of price dumping

Posted by Warn3r > 2017-04-11 14:16 | Report Abuse

So far 3 cents down with a volume of 160 lots. Everyone else is waiting for the good news. 3 more days or earlier to the good news that will push the price up to c RM 1.50 immediately and towards RM 2.00 in the mid term.

If the rumour about extension of import duty was just a lie? The support of RM 1.16/1.17 was just tested. Just need to hold for 2 more months for the next QR with EPS of perhaps 10-12 cents where the price will sure go up to at least RM 1.50.

Still seems pretty safe to me.

Posted by speakup > 2017-04-11 14:24 | Report Abuse

maybe this will limit up too?
CASINO DE BURSA....anything is possible!!!

Posted by yeekarwai 95 > 2017-04-12 17:22 | Report Abuse

any news from MITI?

Posted by newinvestor1982 > 2017-04-13 15:03 | Report Abuse

duties continues for another 3 years

Posted by nicky11 > 2017-04-13 15:28 | Report Abuse

got link to have a look?

Posted by probability > 2017-04-13 15:29 | Report Abuse

are us sure my friend...dont waste people's time la..

Posted by newinvestor1982 > Apr 13, 2017 03:03 PM | Report Abuse

duties continues for another 3 years

Posted by newinvestor1982 > 2017-04-13 15:31 | Report Abuse

let see how. trust me then go in now. Otherwise just wait

Posted by newinvestor1982 > 2017-04-13 15:31 | Report Abuse

same duties rate for first year for rebar and wire rod then reduce abit for the following years

Posted by Rasta07 > 2017-04-13 15:32 | Report Abuse

wowww buy buy buy

Posted by probability > 2017-04-13 15:32 | Report Abuse

no good la u comment like this..

Posted by newinvestor1982 > 2017-04-13 15:38 | Report Abuse

see?

Posted by probability > 2017-04-13 15:40 | Report Abuse

without what you say also..i can see la..what rubbish you are talkin?

Posted by MrPauper > 2017-04-13 15:42 | Report Abuse

better trade with caution until the official confirmation is released

Posted by Invest33 > 2017-04-13 15:45 | Report Abuse

http://www.federalgazette.agc.gov.my/outputp/pub_20170413_P.U.%20(B)%20191.pdf

Safeguard extended 3 years.

Posted by Rasta07 > 2017-04-13 15:50 | Report Abuse

13.42% until 2018

Posted by nicky11 > 2017-04-13 15:51 | Report Abuse

It is a great news. Buy call for steel industry now..

Posted by newinvestor1982 > 2017-04-13 15:52 | Report Abuse

hahaha

Posted by Rasta07 > 2017-04-13 15:56 | Report Abuse

Huat ahhhh!

Posted by probability > 2017-04-13 15:57 | Report Abuse

Excellent!

Posted by newinvestor1982 > 2017-04-13 15:57 | Report Abuse

probability , not you say i am taking rubbish?

Posted by Rasta07 > 2017-04-13 15:59 | Report Abuse

Tp for today? 1.45?

Posted by nicky11 > 2017-04-13 16:00 | Report Abuse

Top up some just now...Buy before more people know this news...

Posted by probability > 2017-04-13 16:00 | Report Abuse

I have respect for invest33 only. Sorry..

Posted by newinvestor1982 > Apr 13, 2017 03:57 PM | Report Abuse

probability , not you say i am taking rubbish?

Posted by probability > 2017-04-13 16:01 | Report Abuse

Exactly..tomorrow steel stocks will blast!

Posted by nicky11 > Apr 13, 2017 04:00 PM | Report Abuse

Top up some just now...Buy before more people know this news...

Posted by yoloisreal > 2017-04-13 16:02 | Report Abuse

I'm so happy :D Cheers

Posted by MrPauper > 2017-04-13 16:05 | Report Abuse

Today only announced safeguard duty on rebar imports. There will be another announcement on wire rod imports tomorrow. But most probably the decision will be the same

Posted by MrPauper > 2017-04-13 16:15 | Report Abuse

Correction : Wire rod imports safeguard is confirmed today too at 13.9% followed by 12.9% and 11.9% in subsequent years. A big hurray !

Posted by yoloisreal > 2017-04-13 16:31 | Report Abuse

bright future for next three years!

Posted by probability > 2017-04-13 16:35 | Report Abuse

Southern Steel has very thin net margin...

With current high steel price externally from China, this duty will have explosive effects on its bottom-line.

Posted by MrPauper > 2017-04-13 16:43 | Report Abuse

A lot of people is cautious with ssteel due to its loss-making fy2016 and illiquid trading.. But once the veil is lifted coming june 2017, there is no turning back. All the obstacles will be gone

Posted by MrPauper > 2017-04-13 16:44 | Report Abuse

To all the construction companies yet to load up their steel inventories, sorry that there won't be anymore cheap sale for your mega projects

Posted by MrPauper > 2017-04-13 16:46 | Report Abuse

And ssteel is most likely to announce dividend when it turns profitable again for the full year

Posted by Rasta07 > 2017-04-13 17:02 | Report Abuse

Ahhh its a good day. 1.37 closing. Another day to Huat tomorrow

Posted by oldmanorangtua > 2017-04-13 17:43 | Report Abuse

can anyone please show me the links or the news of steel import safeguard. thanks

Posted by Albukhary > 2017-04-13 17:56 | Report Abuse

oldmanorangtua ,


http://www.federalgazette.agc.gov.my/outputp/pub_20170413_P.U.%20(B)%20191.pdf

Posted by Warn3r > 2017-04-13 19:05 | Report Abuse

With a 3-year import duty, we'll be looking at a much higher PE ratio. Perhaps 8-12.

Posted by ks5S > 2017-04-13 19:07 | Report Abuse

target price 1.80

Posted by Up_down > 2017-04-13 19:37 | Report Abuse

Steel theme resurrection. Lol

Posted by Albukhary > 2017-04-13 22:44 | Report Abuse

国际贸易与工业部旗下的大马钢铁机构（MSI）估计，2017年全年的钢铁产品消费量至少为1040万吨，略高于2016年的预期值。这要等到3月初公布12月数据方可确认。

据了解，MSI和贸工部一直推动在建筑工程使用本地钢铁产品，以提高本地钢铁业产量的消费量。

几名基金经理说，要在钢铁业持续上涨中入手的投资者，需要注意的一个关键因素是成本架构。

这意味着细阅每个业者的底层、他们的设施类型，并将其与直接同行作比较。此外，查看主要股权比例可能为那些寻求在盈利复苏中，对股息押注的投资者提供另一个维度。

另一名分析员说：“更高效的业者将有更高的净利赚幅。还要看看管理层有多好，以及他们的钢铁厂设备有多新，较新的通常意味着更高效。”

Posted by ks5S > 2017-04-13 22:45 | Report Abuse

tomorrow open gap up at 1.42.
Close 1.50.