First there was Zika ... now new virus KYY (saintis still finding anti-dote) starting to infect kah ? ... Me thinks infected oledi ? Soon spread to other steel counter ?
You can notice that in Q2 2016 result, the revenue drops 12% whereas the net profit increased 161% due to saving of raw material cost (HRC purchased from oversea after Megasteel closure). Saving of HRC purchased from oversea is roughly RM 450 per tonnes. Please read the below link. http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&securityCode=5797
Annual usage of HRC is 132,000 tonnes. Saving of RM 450 per tonnes after Megasteel closure amounted to 59.4 million. 59.4 million is equal to pretax EPS of 0.54.
I like this stock is due to closure of Megasteel resulted the saving of RM 450 per tonnes from HRC purchased.
The company is expected to grow 20% in 2017 when the new production line added is ready in 2017.
"Steel theme play" is just started, it can at least last for 6 months to a year.
I also like this stock due to net cash of 90 million and high NTA of 4.04.
Closure of Megasteel is not only benefitted CSCSTEL, it benefits ChooBee as well.
You can notice that in Q2 2016 result, the revenue drops 12% whereas the net profit increased 161% due to saving of raw material cost (HRC purchased from oversea after Megasteel closure). Saving of HRC purchased from oversea is roughly RM 450 per tonnes. Please read the below link. http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&securityCode=5797
Annual usage of HRC is 132,000 tonnes. Saving of RM 450 per tonnes after Megasteel closure amounted to 59.4 million. 59.4 million is equal to pretax EPS of 0.54.
I like this stock is due to closure of Megasteel resulted the saving of RM 450 per tonnes from HRC purchased.
The company is expected to grow 20% in 2017 when the new production line added is ready in 2017.
"Steel theme play" is just started, it can at least last for 6 months to a year.
I also like this stock due to net cash of 90 million and high NTA of 4.04.
Closure of Megasteel is not only benefitted CSCSTEL, it benefits ChooBee as well.
Also, i noticed the speed some of his articles climb to the Top position. e.g yesterday's first article on Choo Bee, whilen Choo Bee did not even appear on the "Trending Stocks' list the whole of yesterday. 22/09/2016 13:43
the vol can pump up aeh ... cincai panlai sikit in computer nia can pump up the vol in i3 and make it top liao ..easy job la
Logically Megasteel closure it should benefit Lion Ind and Lion group. Perhaps can transfer steel manufacturing to other factories which is underutilised. If not why not reopen Megasteel back.
Haha..TJ.. ppl bz to calculate sana loss sini loss..who earn.. ask ur self comment talk long..u earn or not?. Busy to drpend x is better than Y. Wasted.. BUY CHOOBEE..BYE BYE. JUST DROP BY. Hehe
I am waiting kyy to write something on flb as there are many followers on this topic, I hope kyy can bring some comments on flb as many of the followers are sitting on paper loss
I get confused over ilovehits post. Megasteel only close in Sep. How can Choo Bee QR reflect it when Sep QR still not out?
Posted by ilovehits > Sep 24, 2016 04:31 PM | Report Abuse In Malaysia, CRC players are required to buy half of their HRC requirements from Megasteel while other HRC users, such as pipe makers, are required to buy all or a large portion of their HRC requirements from the company.
CRC players need to buy 50% HRC from megasteel while pipe makers need to buy 100% or a large portion HRC form megasteel.
How come someone said megasteel closure just benefit CRC players? That's why Choo Bee net profit jump 161%. I'm very sure now since read these articles.
Nonetheless, it is a different scenario now for Choo Bee after Megasteel, a 79%-owned subsidiary of Lion Corp Bhd, has suspended its production again since March this year due to financial and technical issues.
however the true - full effects of i) buying cheaper raw material and ii) actually exporting these to foreign markets as they used to do...and iii)fully utilizing their manufacturing capacity..
In Malaysia, CRC players are required to buy half of their HRC requirements from Megasteel while other HRC users, such as pipe makers, are required to buy all or a large portion of their HRC requirements from the company.
CRC players need to buy 50% HRC from megasteel while pipe makers need to buy 100% or a large portion HRC form megasteel.
How come someone said megasteel closure just benefit CRC players? That's why Choo Bee net profit jump 161%. I'm very sure now since read these articles.
Hi ! OTB sir, at current price Choobee & Ssteel which counter more convincing ? Tq
Ans : Looking at the technical chart, the price has gone up north too fast and too soon. I prefer to buy on pullback or correction. I like to buy stock when the price is down. Ssteel is not in my watch list because FA failed. I cannot recommend a loss making stock. Thank you.
school examination results leaves a deep feeling & lifelong memory to us...due to the way the education system is designed in Asia to value how intelligent one is relatively.
the true measure of intelligence is how success you are in life...it is how you make money , friends & gain appreciation from others.
In that sense OTB is no.1...even if he had got C6 in every subjects thought in school..
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Blink22
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Posted by Blink22 > 2016-09-22 17:39 | Report Abuse
Choo Bee export? says who?
export what? export fa###t?