Do u know the price of Wire Rod is around 2600/Mt , while the price of Hard Drawn Wire is Rm2800/Mt this month. Total tonnage for these 2 products is 60K Mt per mth and make a guess, how much do they earn then? since the cost of rebar and wire rod is the same......
historical high revenue and profit cant break historical high price 2.58, dun laugh die me la ks5s. masteel easily up 20% today open market, ssteel cincai 15%... b4 announcement, price should back to 2.4, 15% jadi 2.75... my assumption is very polite thinking.... if i rude rude wana break 2.8 pun cincai cincai punya pasal....
From the other big 3 reports, we can easily predict SSteel revenue will be around 800m. You guys can foresee a very good result from SSteel by next Tuesday, stay tuned!
If you are amazed by Masteel result, don't forget SSteel is having higher price range products compared to Masteel (operating cost about the same). With its revenue level, you can imagine how much profit it can make. Not to mention next quarter will even more exciting as raw materials dropped 15-28% from peak while selling price remain the same or even higher towards end of the year and 1H 2018.
4 not so fast....talk 3 first 4 probably after CNY....subject to stellar performance and better dividends. Haha...not so easy but achievable...be patient people...this thing takes time...ok?
What is the problem of releasing quarter result late has to do with a bad performance? And is the result really delayed beyond the allowable timeframe?
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Crazyrenoma
94 posts
Posted by Crazyrenoma > 2017-11-22 11:17 | Report Abuse
Hahaahahahaha. Malaysia do not have steel future la bro.
Yesterday i'm damm full.