CHOO BEE METAL INDUSTRIES BHD

KLSE (MYR): CHOOBEE (5797)

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Last Price

0.80

Today's Change

0.00 (0.00%)

Day's Change

0.80 - 0.80

Trading Volume

12,500


1 person likes this.

1,341 comment(s). Last comment by Markv572421 2 months ago

Myeye

1,373 posts

Posted by Myeye > 2016-09-21 10:25 | Report Abuse

bye ~

LLHu

40 posts

Posted by LLHu > 2016-09-21 10:30 | Report Abuse

http://klse.i3investor.com/blogs/koonyewyinblog/104758.jsp

At one end OTB asked to buy with TP RM2.95 while at another end KYY asked to sell.....

nickyesh

197 posts

Posted by nickyesh > 2016-09-21 10:37 | Report Abuse

omg. I just about to pick this counter to buy. not a good time? :(

Albukhary

3,001 posts

Posted by Albukhary > 2016-09-21 10:47 | Report Abuse

i think OTB n KYY no longer good relationship

Johnnys

759 posts

Posted by Johnnys > 2016-09-21 10:49 | Report Abuse

OTB make mistake, KYY try to fix it, otherwise will bring a lot people go Holland.

Posted by cresbinvest > 2016-09-21 10:51 | Report Abuse

he ask sell so that at the end he can buy cheaper?

nickyesh

197 posts

Posted by nickyesh > 2016-09-21 11:29 | Report Abuse

it drops. time to go in?

speakup

26,823 posts

Posted by speakup > 2016-09-21 11:33 | Report Abuse

Buying opportunity for Mr Koon!
He push it down so he can buy cheap from u!

Later when he buy enough alraedy, then he ask u Buy, which by then he will Sell to u.

speakup

26,823 posts

Posted by speakup > 2016-09-21 11:33 | Report Abuse

-4.2%

muscular

280 posts

Posted by muscular > 2016-09-21 11:39 | Report Abuse

bought 2.08

speakup

26,823 posts

Posted by speakup > 2016-09-21 11:40 | Report Abuse

Mr Koon bought 2.00

jafon1989

48 posts

Posted by jafon1989 > 2016-09-21 11:42 | Report Abuse

if we have the balls to buy at 2.00 just now, we would have made 5%. (me here, with no balls haha)

Posted by younginvestor92 > 2016-09-21 11:42 | Report Abuse

no need worry lol, director just bought some last month, if the results not good why they buy oh... they're not stupid

Posted by cresbinvest > 2016-09-21 11:42 | Report Abuse

really got ppl believe his reason? Too good, I'm waiting at 2.01.

nickyesh

197 posts

Posted by nickyesh > 2016-09-21 11:42 | Report Abuse

I got no balls @jafon1989 hahaha

paperplane2016

21,644 posts

Posted by paperplane2016 > 2016-09-21 11:42 | Report Abuse

no. both talk at their own make sense. But look, cash flow is sustainable. the assumption of slower home sales=reduce revenue not making sense for me.

I follow OTB more.

jafon1989

48 posts

Posted by jafon1989 > 2016-09-21 11:46 | Report Abuse

paperplane2016: the assumption of slower home sales=reduce revenue not making sense for me.

KYY: Its main products are small diameters water pipes and galvanized steel pipes which are used inside the house. Buying Choo Bee’s share is the same like buying a property company’s share. If houses and condominiums cannot sell, household water pipes also cannot sell.

Questions: does developers sell the houses first, then only buy the pipes to install? Hmm..

Ooi Teik Bee

11,478 posts

Posted by Ooi Teik Bee > 2016-09-21 12:00 | Report Abuse

Posted by mbs7633 > Sep 14, 2016 10:09 AM | Report Abuse

CHOOBEE has started to source raw materals from other countries since MEGASTEEL has stopped production.

CHOOBEE capacity could produce max 108,000 tonnes of output a year, if multiply by rm500 premium charge, it's 54mil.

That's mean it can save up to 54mil from buying raw materials.

Ooi Teik Bee

11,478 posts

Posted by Ooi Teik Bee > 2016-09-21 12:01 | Report Abuse

Posted by Tempac > Sep 14, 2016 11:26 AM | Report Abuse

Choo Bee hopes for cheaper input to resume export
TheEdge Mon, Jun 13, 2016

http://www.klsescreener.com/v2/news/view/81555

Spend some times to read this. Then you should know how can CHOOBEE perform in next quarter.

Ooi Teik Bee

11,478 posts

Posted by Ooi Teik Bee > 2016-09-21 12:02 |

Post removed.Why?

Posted by younginvestor92 > 2016-09-21 12:03 | Report Abuse

Mr.OTB, but choobee is not running on maximum capacity right? so the amount save may not be so much....i will just hold and time to tell.

Ooi Teik Bee

11,478 posts

Posted by Ooi Teik Bee > 2016-09-21 12:09 |

Post removed.Why?

Ooi Teik Bee

11,478 posts

Posted by Ooi Teik Bee > 2016-09-21 12:19 |

Post removed.Why?

ooihk899

2,057 posts

Posted by ooihk899 > 2016-09-21 12:23 | Report Abuse

Thank you, Mr.OTB for you analysis n info.

Posted by Benjamin_8888 > 2016-09-21 12:28 | Report Abuse

Thank you Mr Ooi

paperplane2016

21,644 posts

Posted by paperplane2016 > 2016-09-21 12:28 | Report Abuse

OTB, you shld let them panic sell first......haiz.,

paperplane2016

21,644 posts

Posted by paperplane2016 > 2016-09-21 12:30 | Report Abuse

since OTB write, I also write.
EXPORT has many years before one of their major revenue. But since force to buy the steel raw from Megasteel at HIGH cost, its margin is like shit.
Now, RAW can get imported cheaper, export makes sense now as they can compete outside MALAYSIA!
Look! they are going for BIGGER PIE!
IF EXPort materialised, profit easily DOUBLE if not TRIPLE!

davidkkw79

5,068 posts

Posted by davidkkw79 > 2016-09-21 12:58 | Report Abuse

But millionaire KYY said don't buy Choo bee, http://klse.i3investor.com/blogs/koonyewyinblog/104758.jsp

Ooi Teik Bee

11,478 posts

Posted by Ooi Teik Bee > 2016-09-21 13:01 |

Post removed.Why?

lkoky

539 posts

Posted by lkoky > 2016-09-21 13:03 | Report Abuse

Yalor,

KYY said dont follow blindly. Support him.

Some sinkalan sifu said his TA and FA chun chun one....

VenFx

14,784 posts

Posted by VenFx > 2016-09-21 13:04 | Report Abuse

Support OTB, eventhough trend will corrected mildly .

ooihk899

2,057 posts

Posted by ooihk899 > 2016-09-21 13:11 | Report Abuse

Now RM is weak, hope they will be able to export again.

Posted by cresbinvest > 2016-09-21 13:33 | Report Abuse

I support the statement by OTB and paperplane. I willing to take the risk.

insulter

211 posts

Posted by insulter > 2016-09-21 13:35 | Report Abuse

i still dont know how to define as a good investor in the perspective of the kyy, at the beginning said must follow eps, then say eps does not work then follow ta, then now he said dont follow ta, however the choobee is the net cash company and high nta, with the good ta and fa, then he said sell. somemore, he use the bug of the website to pump his post to the top one, in 3 hours time become top one, i got use the cheat also, actually it is almost impossible to hit the top one since there is so many blog article in the klse, how can we trust a conner?

insulter

211 posts

Posted by insulter > 2016-09-21 13:38 | Report Abuse

he dont have the principle to buy a stock, he just buy as he like because he got money, see the focus lumber rebound heavy after he sell, he dont have the principle to hold, he is just a novice to the market to us. how much did he lost? he must ask himself

insulter

211 posts

Posted by insulter > 2016-09-21 13:42 | Report Abuse

tomorrow the choobee rise, he will changes his statement and say choobee is universe stock. He only look on the one point and ignore others point. Just like a man look on the pretty girl, and ignore how ugly of her heart. one pretty cover hundred ugly in the saying of the chinese. The fact is , recently due to the lrt building and the unfreeze from the selangor government to build the house, the metal demand is increasing. This kind of person he just want to mislead the klse, not helping

Posted by cresbinvest > 2016-09-21 13:43 | Report Abuse

well said Insulter!

Posted by cresbinvest > 2016-09-21 13:45 | Report Abuse

he want to promote his cscstel and talk something bad on choobee. He always like to mislead others and ask others must follow his instructions.

soojinhou

869 posts

Posted by soojinhou > 2016-09-21 13:53 | Report Abuse

Relax guys. It's good to have dissenting opinions in investment.

insulter

211 posts

Posted by insulter > 2016-09-21 14:04 | Report Abuse

well, to me in the investment only need to have the opinion which have the value, it is no point to digest the useless opinion

Lulu La

901 posts

Posted by Lulu La > 2016-09-21 14:09 | Report Abuse

but in fact u r digesting it...

insulter

211 posts

Posted by insulter > 2016-09-21 14:23 | Report Abuse

thats why i feel want to vomit

yinyin99

121 posts

Posted by yinyin99 > 2016-09-21 14:40 | Report Abuse

Choo Bee is too small that it's share is mostly controlled. Current PE is 20. Unless next three quarters maintain at 9 cents profit, else, risk is higher compared to CSCSTEL. I am just highlighting the risk. Remember last year how Geshen is being pushed sky high due to 1 quarter good results. See how heavy it drops after following quarter reports drops in profit. In one day, share price drops 0.50. Many people get burnt.

yinyin99

121 posts

Posted by yinyin99 > 2016-09-21 14:47 | Report Abuse

The only good catalyst for Choo Bee is the closure of Megasteel. Investor needs to ask yourself that why Choo Bee cannot perform when Megasteel is around. Good company should perform at any circumstances. In this case, CSCSTEL performs well even with Megasteel around.

VenFx

14,784 posts

Posted by VenFx > 2016-09-21 15:04 | Report Abuse

That is very good catalyst .

gthhh

172 posts

Posted by gthhh > 2016-09-21 15:31 | Report Abuse

http://klse.i3investor.com/blogs/koonyewyinblog/104758.jsp kyy said dont buy, if holding then sell.. ya sell la sell la.. panic sale.. kyy sapu at low price.. now see who's laughing kekekekekkeke

probability

14,490 posts

Posted by probability > 2016-09-21 15:51 | Report Abuse

Choo Bee is targetting export market.

Posted by cresbinvest > 2016-09-21 15:54 | Report Abuse

yes, save the additional cost from Megasteel plus expanding export business. Cannot find a reason why not buying this stock.

8wpwtmt8

2,949 posts

Posted by 8wpwtmt8 > 2016-09-21 17:09 | Report Abuse

I switched from CHOOBEE to Mycron. Mycron is also in Mr Ooi's red hot list.

probability

14,490 posts

Posted by probability > 2016-09-21 17:24 | Report Abuse

i looked at it this way...despite the top article claiming its not Miss universe... if you cannot get it cheap today when else you will be able to get it?

Do you think the buyers are all dungu...i can say for sure some the sellers today have no 'thinking of their own'...but not so much on the buyers

who knows..may be tomorrow articles comes saying its is Mr.Universe..he he

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