Posted by leoting > 2017-08-07 14:06 | Report Abuse

The title of "Steel manufacturers to challenge safeguard duty in court " should change to "Steel consumers to challenge safeguard duty in court ".....Anyhow, MITI will win the challenge due to "buy Malaysia first" policy, instead of import.

Posted by leoting > 2017-08-07 14:18 | Report Abuse

@yeekarwai 95 those rumors are talking about Q2 performance. For me, it is lagging information. There is totally different story for Q3. Big profit is waiting ahead.

Posted by zefftan > 2017-08-07 14:28 | Report Abuse

Thinking: because I'd been to their agm and I think the company didn't sift into my criteria
I could be wrong bro.

Yeekarwai: Q2 sure not so good , maybe that's why there is no curi-naik in share price prior the result .
But I think after they announce the result , price will slowly reflect the current selling price of their products

Posted by OOMMGG > 2017-08-07 14:43 | Report Abuse

Is 5 to 6 eps considered no good or good result for coming quarter result?

Posted by yeekarwai 95 > 2017-08-07 14:45 | Report Abuse

i know Q2 is weaken than Q1 due to decresed in steel price,but the rumors mentioned Q2 will very bad.

however,i holding to wait for QR.

Posted by Stock Kingdom > 2017-08-07 15:21 | Report Abuse

haha, leoting is always conservative, many are influenced by the downsides but never see the upsides mentioned by leoting.

Posted by Stock Kingdom > 2017-08-07 15:26 | Report Abuse

In terms of production capacity, SSteel will win.
In terms of valuation, my bet on Masteel.
In terms of operational margin, I go for Ann Joo

I bet on all equally, we will see.

Posted by Edwardljhoo > 2017-08-07 15:41 | Report Abuse

Bro Stock Kingdom u r tight on your estimation but u miss Amsteel on innovation which will prove that those who invest in tech will wins by thumbs up.....

Posted by yeekarwai 95 > 2017-08-07 15:43 | Report Abuse

why only ssteel and hiaptek so bullish

Posted by ks5S > 2017-08-07 15:46 | Report Abuse

time to buy.

Posted by aliciateo > 2017-08-07 15:56 | Report Abuse

todays volume not bad

Posted by ks5S > 2017-08-07 16:18 | Report Abuse

close eye and buy

Posted by Stock Kingdom > 2017-08-07 16:26 | Report Abuse

Good, ssteel started flying little bit today

Posted by Stock Kingdom > 2017-08-07 16:27 | Report Abuse

Edwardljhoo bro, thanks for sharing

Posted by yeekarwai 95 > 2017-08-07 17:01 | Report Abuse

ooooooo! almost new high!

Posted by notebook > 2017-08-07 19:11 | Report Abuse

Q2 local consumer still dreaming that government could be pull back safeguard duty. but Q3 is different , local no more stock left.

Posted by ks5S > 2017-08-07 20:37 | Report Abuse

once q3 out, price will be 2.00
buy and keep until q3

Posted by ming > 2017-08-07 21:39 | Report Abuse

After q3 i expect more than 2 jor

Posted by OOMMGG > 2017-08-07 21:44 | Report Abuse

Keep and hold for few more quarters, it will much more than 2.

Posted by Warn3r > 2017-08-07 22:20 | Report Abuse

I was just moving my money around preparing to buy one more shot. But before I could get my funds in the price went up.... Another 15-20 days to buy. Or shall I wait for Q2 to be released first to be safe just in case there's a short term dip?

Posted by zexon > 2017-08-07 22:31 | Report Abuse

Hi Leoting and Edward, can local end users import steel from Indonesia?

Posted by MrPauper > 2017-08-07 22:43 | Report Abuse

Warner, i am afraid that once quarter result is out, there will be difficulty to buy below rm1.80. Anyway, it depends on your holding term, whether long or short. If you are going long, short term dip is fine as it will rise as much as it falls and even greater than that. Worst case scenario, eps 5 perhaps for q2. How about pe 6 for 25sen eps @ rm1.80? It is still below rm1.80 now as ssteel has not turnaround for full year. Once the result is released and full year eps is green on bursa, it is hard to find rm1.80 again. Still, there might be some scare tactic between now and release of quarter result. Again, depends you are going long or short

Posted by leoting > 2017-08-07 23:04 | Report Abuse

I guess no rebar from Indonesia but i saw some Indonesia Coils (Flat products) long long times ago.

Posted by Warn3r > 2017-08-07 23:16 | Report Abuse

Thanks Mr Pauper for your input! I'm in for the long term for sure (2 years + at least to enjoy the full upside).

That's what I've been thinking to myself but just want to check with you guys again. Thanks for reaffirming my belief. Q2 may not be great, but it should be decent with a chance of a small dividend.

I'm secretly imagining the potential upside of Q3. Then I secretly imagine is the price remains high fora few more quarters.... then I imagine the safeguard being extended... XD

Posted by MrPauper > 2017-08-08 00:18 | Report Abuse

I personally foresee the next dividend distribution upon release of 1Q of FY18 somewhere in Nov 2017. Any final dividend declaration this month is somehow a bonus. If the current price can be maintained for 2018 coupled with robust demand, rm3.50 - rm4 is definitely achievable by this time next year. I think the rate of return is more than enough for most of us here. Cheers !

Posted by Warn3r > 2017-08-08 08:34 | Report Abuse

Thanks for your perspective. It's good to know that I'm not being overly optimistic.

Good morning to all.

Posted by OOMMGG > 2017-08-08 08:37 | Report Abuse

Steel price should be robust at least RM2k above for at least few quarters from now.

Posted by VenFx > 2017-08-08 09:19 | Report Abuse

Triangle Symmetry breaking out yesterday from $1.70 .
Profitability more visible ahead .

Should be quite safe now.

Posted by MrPauper > 2017-08-08 09:57 | Report Abuse

http://www.theedgemarkets.com/article/southern-steel-may-rise-higher-says-rhb-retail-research

RHB immediate resistance RM2, next resistance RM2.50

Lots of room for price growth !

Posted by Edwardljhoo > 2017-08-08 10:18 | Report Abuse

Southern Pricing : (Morning) Maintain
Y16-32=Rm2350
Y10,12,Y40 &R10 =RM2500
R6,8,12,16,20&25=Rm2550 (No Stock)

Amsteel Pricing : (Morning) Maintain
Y16-32=Rm2340
Y10,12,Y40 &R10 =RM2490
R6,8,12,16,20&25=Rm2540

Price stabilize at this point as market receptive about price increase for the last 2 weeks.
There will be another uptrend at the 3rd week of August when China plants shut down for 20days for the 19th Congress Politburos Standing Committee Meeting in September 2017.
Pls take note on this as AJ 2nd Qtr & SSteel AR will be out during this period of time.

Posted by VenFx > 2017-08-08 12:22 | Report Abuse

*** ___ $$$ TIME TO GRAB STEEL $$$ ___ ***

Posted by Edwardljhoo > 2017-08-08 15:06 | Report Abuse

Due to shortage in the market, there will be up surge by this weekend as Masteel & Amsteel totally stop delivery to customer as unable to cope with backlog orders.

Posted by leoting > 2017-08-08 15:50 | Report Abuse

That will be excellent news for 2 high inventory players, Annjoo and Ssteel.

Posted by leoting > 2017-08-08 16:06 | Report Abuse

Ssteel sapu most of the steel scrap in Prai area, ahead of Annjoo. Annjoo did import steel scrap rather than get fully local supplies.

Posted by Stock Kingdom > 2017-08-08 16:17 | Report Abuse

Last few days loaded Ann Joo, Yesterday bought Masteel like no tomorrow, today buy SSteel like no tomorrow

Posted by leoting > 2017-08-08 16:30 | Report Abuse

Those yet to decide can visit hardware shop first, ask the tauke how about the rebar/wire rod price.

Posted by Edwardljhoo > 2017-08-08 16:36 | Report Abuse

Leo, there is no stock by the hardware as we are chase by them everyday as there is no goods delivered by steel millers.

Posted by nicky11 > 2017-08-08 16:54 | Report Abuse

Why suddenly shortage of steel recently? Construction project start?

Posted by Edwardljhoo > 2017-08-08 17:13 | Report Abuse

Bro, this will create uptrend for the steel millers therefore the slogan now is gradually sales technic(慢慢卖）until it is par with China pricing.
China is in critical point, once hit the benchmark point it will shoot up to RM3000/mt within Sept.

08/08/2017 15:23

Posted by VenFx > 2017-08-08 17:49 | Report Abuse

BUY KUAT-KUAT , inventory are King .

Posted by zexon > 2017-08-08 18:16 | Report Abuse

Hi Leoting sifu, how long is the period required to produce rebar from scrapped metals?

Posted by leoting > 2017-08-08 18:29 | Report Abuse

Overnight can smelt the scrap and form into billet then to rebar. But, Malaysia's scrap getting lesser and lesser.

Posted by zexon > 2017-08-08 18:42 | Report Abuse

Thanks Leo

Posted by zexon > 2017-08-08 18:45 | Report Abuse

But majority scrapped metals are imported right?

Posted by leoting > 2017-08-08 19:06 | Report Abuse

no, majority are local sourced.

Posted by VenFx > 2017-08-08 20:11 | Report Abuse

Why we prefer SurewinSteel for the 2H 2017 ?

#1. For it's anchor supplier status to Mrt corp ?
#2. It's excellency in produce highest grade reinforced steel ?
#3. Richest amongst peers in high grade steel quality ?
#4. It's name say it all . Surewin Steel .

VOTE pleaseeeeeeeeeeeeeeeeee

Posted by John Lu > 2017-08-08 20:12 | Report Abuse

I already bought at below 1.70 last 2 weeks sifu Venx

Posted by VenFx > 2017-08-08 20:16 | Report Abuse

John bro, what a nice exit from Frontkn ....

Let's our fortune continue here again.

Posted by andyhard > 2017-08-08 22:50 | Report Abuse

Do Masteel have furnace to melt scrap steel? Or they just bought billet and rebar it right? Since Lion's Amsteel and Anjoo furnace have issues, then ssteel should be winning more market share?

Posted by leoting > 2017-08-08 23:24 | Report Abuse

https://leoting81.blogspot.my/2017/08/7.html