Markets are flooded with cheap steels! Doubt steel company would make huge profits from data centers. Purely “goreng” purposes. First in, First out, last one will get trapped!
How to compete with Alliance steel producing high-speed wire rods, bars and H-beams, with a production capacity of 4.0 million tons and 3.2 million tons of hot-rolled coil steel products as well as high-end steel plate? Steels really in excess! If not, why gov imposing heavy anti dumping duty on China steels from selling to Malaysia?
Many Steels companies are not environmental friendly with miserable carbon credits! This is bad because international funds would not want to invest in such low carbon credit businesses.
My GTC sell order at 1.38 entered some time ago was executed today automatically without watching. Average buy period is 1.31 years. 3 rounds of buys and sells and still hold a sizeable position. 41.1% per annum IRR.
Data center, airport project will all use structural steel. No worries of excess capacity i guess as long as can pass Sirim test. Some China steel may not pass Sirim test. Some client also may not want steel made in China.
Ays indeed has many international & local projects. As u can see now steel manufactures become main con instead of steel suppliers. Another measure to reduce the usage of made in China steel.
Really? Nvr heard of it before. In modern day RI will scared away all retailers. When operator push it up after RI then retailers will buy back at much higher price.
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....
DividendGuy67
1,119 posts
Posted by DividendGuy67 > 2024-06-18 21:10 | Report Abuse
Thank-you ANNJOO. Thanks for helping to make my portfolio hit new high again today, that's 5th consecutive times this month in June alone!