Posted by JayC > 2018-01-17 23:03 | Report Abuse

may i know the latest rebar prices?

Posted by Huatar333 > 2018-01-18 08:22 | Report Abuse

nothing change steel price still strong those sold at buttom Good luck

Posted by edward123 > 2018-01-18 14:11 | Report Abuse

Dear all Bro, Price is the same for the past 2 weeks, no change only shortage for small size rebar

Posted by aslm > 2018-01-18 17:30 | Report Abuse

thank you brother edward!

Posted by Huatar333 > 2018-01-19 01:37 | Report Abuse

add another 100k

Posted by Albukhary > 2018-01-19 14:18 | Report Abuse

Huatar 333, good 1... So many bullet.

Posted by gcke > 2018-01-19 15:35 | Report Abuse

Well,looked like there other pertinent market factors that forumers may have missed out!.Otherwise how to explain the ASP is up from the lower range and has stabilised since the beginning of this year as disclosed by Edward123(with thanks).Maybe or is it because of:
1.Increase in gas prices for steel smelters?
2.Other new production capacity coming on stream-increased competition?
3.Increase of price for graphite electrodes and increase cost burden to steel smelters?
4.Others- regulatory,export restrictions,exchange rates,slow rollout of mega-projects,pending GE14...?

One or cumulatively may have adversely influence the price movement for the steel stocks.I am still finding for a right answer...

Posted by STC1136 > 2018-01-19 15:37 | Report Abuse

China Rebar today price strongly rebound up from CNY50 to CNY120 per ton. some area selling CNY4,800 per tons, crazy price.....

CNY4,800 = RM2,962 + imposed tax RM350 + transport 200

Need import from china need pay RM3,512

Current malaysia Rebar RM2,700, price difference RM800++

No more chance import from china import, suppose malaysia can now do export to china now!!!!

Posted by Albukhary > 2018-01-19 15:39 | Report Abuse

gcke, based on my understanding, the main reason are:-

1) Many investor and punter shift their portfolio weight to O&G industries. This is my conclusion after have a chat with few remisier;

2) China steel price drop around 10-20% from the peak at Dec'17.

Basically, the Malaysia Steel Industry fundamental are still very bright, just many investor has switch their fund to O&G industries.

Posted by gcke > 2018-01-19 16:23 | Report Abuse

Great thanks to @STC1136 & Albukary for their fast responses.Hopefully the steel counters' prices can turned positive from next week...

Posted by nicky11 > 2018-01-19 18:05 | Report Abuse

Although Ssteel share price is quite fluctuating,I am still holding it. Hopefully it will reward me soon.

Posted by ming > 2018-01-19 19:43 | Report Abuse

Easy to sell but not easy to buy back leh

Posted by Huatar333 > 2018-01-21 22:33 | Report Abuse

agree nothing cab harm steel

Posted by Huatar333 > 2018-01-21 22:41 | Report Abuse

those sell will never get back the price they bought

Posted by hng33 > 2018-01-22 10:58 | Report Abuse

bought back ssteel at 2.03-2.05

Posted by hng33 > 2018-01-22 11:33 | Report Abuse

bought more ssteel at 2.08

Posted by hng33 > 2018-01-22 11:53 | Report Abuse

http://news.lcgt.cn/news-detail-122432.html

Posted by darkstar > 2018-01-22 13:00 | Report Abuse

喋喋不休

Posted by hng33 > 2018-01-22 15:21 | Report Abuse

Added more at 2.03-2.04

Posted by hng33 > 2018-01-22 15:26 | Report Abuse

Accumulated last batch ssteel at 2.03

Posted by Huatar333 > 2018-01-22 16:05 | Report Abuse

excellent ...collecting stage before the next shoot lol

Posted by Ananas > 2018-01-22 21:03 | Report Abuse

hng33 & huatar333 both of u collect ingAnnjoo, Lionind & ssteel??? cash rich ??haha

Posted by hng33 > 2018-01-23 15:10 | Report Abuse

:DDDD)

Posted by Paper308 > 2018-01-23 17:09 | Report Abuse

cheap price now catch before it fly

Posted by Warn3r > 2018-01-24 09:09 | Report Abuse

I checked the charts, every time after it hit below RSI 30%, the following 10-40 days are up by 20% easily. 100% consistency since Sept 2016. Hope this is no exception.

Posted by Huatar333 > 2018-01-24 09:17 | Report Abuse

Yes engine start fly

Posted by nicky11 > 2018-01-24 10:25 | Report Abuse

Ssteel deserved for better price

Posted by Huatar333 > 2018-01-24 10:40 | Report Abuse

yup super under value at least 2.5

Posted by hng33 > 2018-01-24 11:24 | Report Abuse

sold off all ssteel at 2.12-2.13, locked very handsome contra profit, free up all capital

Posted by Albukhary > 2018-01-24 14:08 | Report Abuse

hng33, you always buy when it drop, and sell when it gain back, earn the difference of few cents. As your volume are big, so the difference of few cents could be a significant amount.

But just wondering, if let say after you sell, if the share continue to go up (i.e. from 2.12 all the way up till RM2.80, every day up 8-10 sen), would you chase back? or you will put aside this counter, and focus on other counters.

Posted by Albukhary > 2018-01-25 18:31 | Report Abuse

Edward bro, any new updates on steel price?

Posted by ks5S > 2018-01-26 09:14 | Report Abuse

you sell, i buy
Move up soon.

Posted by ks5S > 2018-01-26 09:36 | Report Abuse

buy and keep now.
Next quarter result should be very good. Dividend 3 cents.

Posted by ks5S > 2018-01-26 09:55 | Report Abuse

Quek kasi angpow soon.
Mesti beli

Posted by Ananas > 2018-01-27 09:26 | Report Abuse

i dont want angpow, i want share price up.lol

Posted by JayC > 2018-01-27 11:51 | Report Abuse

bro edward, any latest rebar prices? tq

Posted by STC1136 > 2018-01-29 10:13 | Report Abuse

Refer brother RicheHo, As at 1/24, the latest Y16-32 steel bar price per tonne is as below:

Southern Steel – MYR2,610
Amsteel (Lion Industries) – MYR2,600
Ann Joo – MYR2,640
Masteel – MYR2,590

Posted by Rukawa > 2018-02-02 17:22 | Report Abuse

看来南钢过年前应该就会出报告了。来看看营业额会不会冲破10亿唄。

Posted by azman123 > 2018-02-02 22:30 | Report Abuse

How do you know rukawa? You work with ssteel?

Posted by Lim Kentphang > 2018-02-03 20:47 | Report Abuse

lol see their previouse announcement date and guess

Posted by Rukawa > 2018-02-04 10:56 | Report Abuse

投資之神Peter Lynch:

在過去70多年曆史上發生的40次股市暴跌中，即使其中39次我提前預測到，而且在暴跌前賣掉了所有的股票，我最後也會後悔萬分的。因為即使是跌幅最大的那次股災，股價最終也漲回來了，而且漲得更高。股市下跌沒什麼好驚訝的，這種事情總是一次又一次發生，就像明尼蘇達州的寒冬一次又一次來臨一樣，只不過是很平常的事情而已。如果你生活在氣候寒冷的地帶，你早就習以為常，事先早就預計到會有氣下降到能結冰的時候，那麼當室外度降到低於零度時，你肯定不會恐慌地認為下一個冰河時代就要來了。而你會穿上皮大衣，在人行道上撒些鹽，防止結冰，就一切搞定了，你會這樣安慰自己—冬天來了，夏季還會遠嗎？到那時天氣又會暖和起來的！成功的選股者和股市下跌的關係，就像明尼蘇達州的居民和寒冷天氣的關係一樣。你知道股市大跌總會發生，也為安然度過股市大跌事前做好了準備。如果你看好的隨其他股票一起大跌了，你就會迅速抓住機會趁低更多地買入。1987年股市暴跌之後，道瓊斯指數曾經一天之內下跌了508點，那些投資專家們異口同聲地預測股市要崩潰了，但是事後證明，儘管道瓊斯指數暴跌1000點之多（從8月份指數最高點計算跌幅高達33%），也沒有像人們預料的那樣股市末日來臨。這只不過是一次正常的股市調整而已，儘管調整幅度非常大，但也只不過是20世紀13次跌幅超過33%的股市調整中的最近一次而已。從此之後，雖然又發生過一次跌幅超過10%的股市大跌，也不過是歷史上第41次而已，或者這樣説，即使這次是一次跌幅超過33%的股市大跌，也不過是歷史上第14次而已，沒有什麼好大驚小怪的。在麥哲倫基金年報中，我經常提醒投資者，這種股市回調不可避免，總會發生的，千萬不要恐慌。每當股市大跌，我對未來憂慮之時，我就會回憶過去歷史上發生過40次股市大跌這一事實，來安撫自己那顆有些恐懼的心，我告訴自己，股市大跌其實是好事，讓我們又有一次好機會，以很低的價格買入那些很優秀的公司股票.

Posted by Rukawa > 2018-02-04 12:15 | Report Abuse

For those who worry about the last Friday US market big drop, here are my view and advices:

1. First you need to understand the reason of that correction, US stock markets have surged significantly after election without even a minor correction, and this kind of minor correction (weekly 3.9%) is long waited by most of the analysts. As you know healthy correction is key to fuel the longer bull run. Never in the history any bull run without any correction along the way.
2. US economy is getting stronger as expected. Job market looks promising, wages continue to go up, that will eventually result in economy expansion. Never in the history crisis happened during this kind of economy booming.
3. Someone might worry about the bonds yield, if you check the bonds history, current yield level is still very low, it's not going to cause any real impact to economy, overall borrowing cost is still low, EU and JP still in QE, we are still "very far" from monetary tightening. US inflation is not even stay at 2%, JP still struggling to achieve their inflation goal. In short, cheap money still in glut.
4. The recent drop is mainly due to repositioning. Fund managers are getting out from bond market and get into stock, commodities markets. This is very common during economy booming cycle. Check the history, any market expansion will make bonds look less attractive and strong momentum in stocks and commodities.
5. The last time Dow dropped more than 600 points (and that's 3.4%) is during Brexit in Jun 2016, and the turbulence from Brexit is much bigger than current situation. What happened next? Dow bounced back strongly the next days, the next week. And what's the real impact from that big drop? If you are panic selling during Brexit time you will missed all the strong rally after that.
6. Think carefully, is there any real impact to steel manufacturers business? Not at all. Economy booming is real good things for commodities, and steel companies will be beneficial from there.
7. Most importantly, ask yourself before panic selling. Do you borrow money to buy stocks? Do you expect to get margin call? If you are real value investor and having adequate holding power, there's nothing to worry about. The only thing you may concern is where to get more money to buy stocks during such a great Sales time. Look back my post in 2weeks time from now and you will understand how ridiculous people react towards market turbulence.

Posted by Mohd Fahmi Bin Jaes > 2018-02-04 12:16 | Report Abuse

Sell

Posted by zeroxweng > 2018-02-04 12:53 | Report Abuse

sell and buy fahmi Stock? I wonder Fahmi have ever buy any stock or not?

Posted by aslm > 2018-02-05 11:43 | Report Abuse

Hi brother Edward, how are you?

Posted by aslm > 2018-02-05 14:48 | Report Abuse

Thank you Rukawaw for the sharing!

Posted by Huatar333 > 2018-02-06 10:19 | Report Abuse

i just pump another 500k in thanks lol

Posted by vinc3nt > 2018-02-06 10:21 | Report Abuse

yes hope drop further

Posted by Warn3r > 2018-02-06 11:00 | Report Abuse

Look like it hit rock bottom is gaining back some grounds.

Posted by Albukhary > 2018-02-06 11:43 | Report Abuse

No more CNY celebration, Angpow to wife reduce from RM5000 to RM50.