ASTEEL GROUP BERHAD

KLSE (MYR): ASTEEL (7020)

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Last Price

0.085

Today's Change

+0.005 (6.25%)

Day's Change

0.085 - 0.085

Trading Volume

12,700


2 people like this.

1,430 comment(s). Last comment by Willtolive 2 months ago

Redpeople

270 posts

Posted by Redpeople > 2016-06-07 11:27 | Report Abuse

time to fly high.. stay cool..

dkpm89

554 posts

Posted by dkpm89 > 2016-06-09 11:18 | Report Abuse

v quiet

naaim207

366 posts

Posted by naaim207 > 2016-06-21 17:41 | Report Abuse

seems gone case.. some more with ESOs news

Posted by IKnowNothing > 2016-07-20 17:20 | Report Abuse

Something is brewing

Investhor

537 posts

Posted by Investhor > 2016-07-21 06:14 | Report Abuse

Steel counters mostly rally alrdy,this one will follow soon

naaim207

366 posts

Posted by naaim207 > 2016-07-22 11:21 | Report Abuse

this one always stay behind. hopefully will go up too. so shy la this counter

Posted by chiongster1234 > 2016-08-02 20:48 | Report Abuse

...

Posted by stockjobber > 2016-08-02 21:52 | Report Abuse

Does anybody know the conversion price of WB will be reduced accordingly ??

Posted by chiongster1234 > 2016-08-03 15:51 | Report Abuse

wah wah congrats everyone

Investhor

537 posts

Posted by Investhor > 2016-08-03 16:21 | Report Abuse

ykgi-investor start to come in-EPS of 1.7c for last quarter, if maintain for 4 quarters, translate to full year EPS of 6.8c..taking multiple of 10, price range should be 68c (in theory)

Lucas Chan

1,674 posts

Posted by Lucas Chan > 2016-08-03 17:07 | Report Abuse

dont have UMA, Which mean still can buy??

Investhor

537 posts

Posted by Investhor > 2016-08-04 08:38 | Report Abuse

this company start turnaround, this is just the beginning

Kong Ming

400 posts

Posted by Kong Ming > 2016-08-05 10:28 | Report Abuse

next week. TP 0.35...

Kong Ming

400 posts

Posted by Kong Ming > 2016-08-05 16:14 | Report Abuse

not moving ??? hmmm...

Posted by Rohana Abd Ghani > 2016-08-06 07:05 | Report Abuse

I just bought the warrant at 0.095, the mother share broken out the 0.28 resistance, hopefully the warrant will follow suit breakout the 0.11 resistance

Posted by Unicorn_park > 2016-08-06 12:28 | Report Abuse

Keep it no matter what happens.
Must know your company well.

Posted by Jolin Lai Chi Pet > 2016-08-12 13:17 | Report Abuse

yes, keep it as FD. Don't sell. This company steel quality is very good and also got japanese investor. TP Rm1

neverends

123 posts

Posted by neverends > 2016-08-12 17:07 | Report Abuse

Unicorn_park, why you remove your comment :)

Posted by Unicorn_park > 2016-08-12 23:02 | Report Abuse

Because I interpreted the news wrongly. Scared people get wrong info.
It should be :
1) China's steel output in July 2016 more than July 2015 a bit only.
2) However the output in this July is less than last month(June).
3) This is in line with China's drop in steel export for July.
4) China's target to reduce steel capacity for 2016 reaches almost half. By putting more effort, China will be successful to meet output target cuts.
5) Best of all, output of steel products increases in July, means steel is still in demand, coupled with the most-traded rebar, rose after the output data today.

Conclusion:
YKGI directors are concerned that steel supply from China is not reducing fast enough and this may affect steel selling price. However if China continues the efforts, the concern will relieve. So next we as investors will wait for mid-Sept for another China's steel output report.

Kong Ming

400 posts

Posted by Kong Ming > 2016-08-16 09:42 | Report Abuse

come on ykgi 0.35 please !!!

char1234

5,299 posts

Posted by char1234 > 2016-08-16 13:54 | Report Abuse

wait till Nov....for theit next P n L ....the share has surged almost 50 pct alreadybase only on 1 recent qtr earnings that is positive eps 1.71 ....all other qtrs are red n losing money

char1234

5,299 posts

Posted by char1234 > 2016-08-16 13:54 | Report Abuse

what are they doing recently to make that much money ??

char1234

5,299 posts

Posted by char1234 > 2016-08-16 14:08 | Report Abuse

if sept p n l results are poor like previous qtrs, then this share is in danger

Posted by Unicorn_park > 2016-08-16 23:14 | Report Abuse

poor or good it depends steel price from July to September

char1234

5,299 posts

Posted by char1234 > 2016-08-19 00:14 | Report Abuse

Price of gold is good. Steel ? What is the trend ?

Kong Ming

400 posts

Posted by Kong Ming > 2016-08-19 15:08 | Report Abuse

thats my boy !!! hahah

char1234

5,299 posts

Posted by char1234 > 2016-08-23 17:14 | Report Abuse

Write a comment..think price will be this way till Nov....

Posted by Unicorn_park > 2016-08-24 00:19 | Report Abuse

Operator is still collecting. Meanwhile steel price is having small correction.

naaim207

366 posts

Posted by naaim207 > 2016-08-25 16:53 | Report Abuse

what's happening?

char1234

5,299 posts

Posted by char1234 > 2016-08-25 20:58 | Report Abuse

steel price going down so it means share price also adjusting...it will go down ..

char1234

5,299 posts

Posted by char1234 > 2016-08-25 21:10 | Report Abuse

Im worrying because its falling from all time high......

naaim207

366 posts

Posted by naaim207 > 2016-08-25 21:56 | Report Abuse

when steel price go up, this counter doesn't follow as other steel related companies. only start moving after quarter announcement. but market also not good lately. so many counters going down as compared to counter going up

Posted by Unicorn_park > 2016-08-25 23:12 | Report Abuse

Playing with commodities prices really no easy matter. Anyway, today many counters dropped simultaneously 3pm onward. So for YKGI, the main influence for today's drop may be the overall market sentiment and not the steel price. Steel price is still stable atm.

Posted by Unicorn_park > 2016-08-25 23:24 | Report Abuse

Actually at the end of March 2016, there was a two-day spike of YKGI share price in tandem with the rise in steel price. Only thing was YKGI was not "hot" enough to be speculated at that time. If not mistaken, Hiaptek and Annjoo were those "hot" steel companies speculated at that time.

That is why after YKGI QR released, people chased it like mad because it was totally undervalued at 0.180 cent.

char1234

5,299 posts

Posted by char1234 > 2016-08-26 08:06 | Report Abuse

I feel the share has has its peak....

naaim207

366 posts

Posted by naaim207 > 2016-08-26 09:39 | Report Abuse

many stock rebound today. hopefully, YKGI will rebound too.

Posted by Unicorn_park > 2016-08-26 15:30 | Report Abuse

Just wait mid-Sept for China steel output report.

char1234

5,299 posts

Posted by char1234 > 2016-08-27 12:43 | Report Abuse

What r we looking for in the report ? More demand ?

Posted by Unicorn_park > 2016-08-27 15:38 | Report Abuse

To see if China manages to cut steel supply for this Aug to meet target output cut.
This week the China top official gave assurance that steel output will decline. Thus rising steel prices. As for demand for steel products, there are mixed views.

Ur fate is in China's hand... Hahaha

char1234

5,299 posts

Posted by char1234 > 2016-08-29 23:01 | Report Abuse

now the share losing steam...

naaim207

366 posts

Posted by naaim207 > 2016-08-30 06:49 | Report Abuse

the way I see it, someone is collecting, but don't know for how long before climbing back to the peak price

Lexie51

1 posts

Posted by Lexie51 > 2016-08-30 07:27 | Report Abuse

Can buy now?

hansolo1

197 posts

Posted by hansolo1 > 2016-08-30 22:26 | Report Abuse

us rising interest soon....iron ore price will drop,, steel price will also drop.
sell now if you have make enough profit

hansolo1

197 posts

Posted by hansolo1 > 2016-08-30 22:28 | Report Abuse

ykgi sell land to top glove... very poor ... no money for capex... company in poor state

char1234

5,299 posts

Posted by char1234 > 2016-08-31 15:29 | Report Abuse

Sell land ? Thats good. Sure to get profit from there .....can boost its EPS in case price of steel goes down......Next P n L will know for sure.

naaim207

366 posts

Posted by naaim207 > 2016-09-02 09:49 | Report Abuse

hiaptek on the move.. will ykgi follow?

Posted by wealthwizard > 2016-09-05 11:26 | Report Abuse

Bright Future for CRC Steel Producers: CSCSteel, Mycron, Eonmetal & YKGI (Part 1)
http://klse.i3investor.com/blogs/wealth123/103741.jsp

char1234

5,299 posts

Posted by char1234 > 2016-09-06 01:27 | Report Abuse

go go go.....warrant go

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