could it be that ssteel doesnt have enough billet capacity for its rebar, hence its procurement strategy backfire in 2Q when selling prices were coming down?
Mrcibai, seems like you are now the best among of us. To be calling urself as sifu, do you mind address our question on why raw material is such a high in 2q.
Everyone knew raw material is high as it is carried forward frm 1st Q but why such a high? Masteel is using the same technology why their cost of sale is not such high?
ok-lah. Tomorrow you all sell-lah. I will buy out all your shares. I will get ready RM 10 million to buy your share. Make sure you all sell cheap to me.
Look for future.... 3q &4q. Mrcibai is not fool, he is one of the best among us .He is willing to buy mean that he himself look good the future of ssteel.
Worrying raw material trending higher, thus securing too much raw material at peak in 1q, unfortunately rebar and raw material price reversed in 2 q. This could be one of scenario.
@OOMMGG if what you are thinking is correct they could probably achieve a real high profit since the raw material price has been trending even higher after q1.
next quarter will be better as i said the price hike occurred at this quarter.. nice PE, having 4th earning quarter.. u may wan to take profit which is nth wrong.. make sure come again next quarter..buy low sell high..that's the way.
I may have the answer ready why ssteel is having poor Q2 result. It is because all the raw material used in Q2 is secured in Q1 which is at high cost. This is not the case for Masteel and Annjoo.
The ssteel 3q tesult is definitely a very good quarters as almost all of raw material used in 3q is secured in Q2 which is at low cost.
You may study the masteel, annjoo and lionind. For lionind, you probably will know how it perform, will it better than ssteel by excluding the parkson factor 。
Q2 lionind will using more than half raw material secured in q1, the rest will secure in Q2 itself. It is not like ssteel which using all q1 secured raw material in Q2.
Contra players have no other options now. They had made their choices. They chose to contra. Either win big in a short time or lose big in a short time
Ta perspective, U will hardly see a meaningful retreat since Julai 17... Observation check on the whole week u probably can't even detect more than 5000 lots blok seller ...
Wondering who is eating up almost 80% of the sell position, this 2 weeks?
2morrow an interesting day :)
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mrcibaiii3
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Posted by mrcibaiii3 > 2017-08-24 22:06 |
Post removed.Why?