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

550,000


2 people like this.

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

Posted by wealthwizard > 2016-09-06 09:38 | Report Abuse

Huge Potential Upside for CRC Steel Producers: CSCSteel (+24 percent) & Mycron (+90 percent) (Part 2)
http://klse.i3investor.com/blogs/wealth123/103812.jsp

char1234

5,299 posts

Posted by char1234 > 2016-09-06 10:28 | Report Abuse

good day for this stk....question is what is the target price?

WeaponX

66 posts

Posted by WeaponX > 2016-09-06 11:19 | Report Abuse

Lets not forget AISB, steel counter which hasnt run up yet. Industrial factory sold at 70 mil plus development of Avant park with est GDV of RM 110 mil in progress versus maeket cap of only RM64 mil at current price! Grab it while it lasts!!!!

char1234

5,299 posts

Posted by char1234 > 2016-09-06 12:26 | Report Abuse

i also hv Bornoil.....the only gold mining company in KLSE. Im ok with YKGI . Hope steel price continue to climb

char1234

5,299 posts

Posted by char1234 > 2016-09-06 12:29 | Report Abuse

so many steel company...Annjoo also one of them

char1234

5,299 posts

Posted by char1234 > 2016-09-06 12:30 | Report Abuse

Wealth wizard also recommended some good steel companies.

char1234

5,299 posts

Posted by char1234 > 2016-09-06 12:30 | Report Abuse

Study Bornoil.......its all about GOLD .I love GOLD

char1234

5,299 posts

Posted by char1234 > 2016-09-06 15:40 | Report Abuse

new high...48 cts attainable ??

Posted by Unicorn_park > 2016-09-06 16:58 | Report Abuse

To sell or not to sell depends on your initial expectation.

char1234

5,299 posts

Posted by char1234 > 2016-09-06 18:23 | Report Abuse

NTA is 58 cts ..wait n see . Price of steel looks steady ?? WB is the hero of the day..

Posted by Unicorn_park > 2016-09-07 10:41 | Report Abuse

Smart operator.

Posted by smartrader2020 > 2016-09-07 12:55 | Report Abuse

You guys may be interested to see this link.

http://klse.i3investor.com/blogs/discoverychannel/103956.jsp

char1234

5,299 posts

Posted by char1234 > 2016-09-07 14:05 | Report Abuse

See YKGI .Within 2 weeks it will move up again. Needs to correct itself.maybe rest at 35 cts then surge again. Still hv room to go go go 48 cts...???

WeaponX

66 posts

Posted by WeaponX > 2016-09-07 23:22 | Report Abuse

Don't chase the knife which has fallen... Switch to AISB laa... Hasnt gone through mad speculative run-ups & undervalued with propery disposal cum on-going development

char1234

5,299 posts

Posted by char1234 > 2016-09-08 10:33 | Report Abuse

it will not fall much.......making a comeback in 2 wks time for a new high

Posted by Sedea Ore Kb > 2016-09-09 08:28 | Report Abuse

hammer yesterday

rchi

20,958 posts

Posted by rchi > 2016-09-09 15:30 | Report Abuse

The japanese major shareholder bot into this co @ 50 sen.They will attempt to push back to tat pr.

Posted by Seehighnlow > 2016-09-09 21:55 | Report Abuse

If only one of major shareholders increase a small percentage of the holding

LLHu

40 posts

Posted by LLHu > 2016-09-10 15:42 | Report Abuse

YKGI-WB achieved it's record high of Rm0.18 and closed at RM0.16 yesterday, with huge trading vol of 21 million+.

It's price has gone up Rm0.07 this week.

At one glance YKGI-WB seems to be not attractive as it's trading at a hefty premium of 83.33% (Ex Price Rm0.50 Expiry 28 May 2020).

However, the recent buying interest could be related to it's corporate exercise where the co proposed to reduce it's par value from Rm0.50 to Rm0.10. Hence, the exercise price of YKGI-WB maybe adjusted from Rm0.50 to Rm0.10. This if materialised will certainly gives a new lease of life to the warrants.

LLHu

40 posts

Posted by LLHu > 2016-09-10 15:46 | Report Abuse

凭单专栏:拟削减面值或减行使价
凭单专栏
财经周刊
投资观点
2016-04-04 14:00

榕钢控股(YKGI,7020,主板工业产品股)的母股和凭单(YKGIWB),在上周二突然价量齐升。
母股单日上涨超过三成,而凭单也暴涨七成以上。
该公司在答复大马交易所发出的不寻常市场交易(UMA)质询时说,正在考虑削减面值的计划。该公司股价在上周五从高位回调至24仙。榕钢控股-WB则以4.5仙结束上周交易。
榕钢控股的主要产品为酸洗涂油钢卷、冷轧钢卷、镀锌铁管和预涂镀锌铁线圈。该公司在过去两个财年,都承受亏损。
不过,榕钢控股在2015年的亏损,已经减少至1650万令吉,比2014年的2664万令吉净亏损大有改善。该公司每股净资产为58仙。
榕钢控股目前的最大股东,是持有26.78%的日本伊藤忠丸红鉄钢株式会社;而最近频频增持榕钢控股的董事经理拿督苏添来,则持有7.33%股权。
该公司的创办人许氏(Hii)家族,虽然还保持显著股权,不过,相信已经不再主导公司业务。值得一提的是,伊藤忠丸红鉄钢株式会社和拿督苏添来,是在2013年通过以每股50仙参与公司限制性配售和私下配售而成为公司大股东。
削减面值令人惊讶
由于公司的每股净资产,比目前50仙面值还高,YKGI控股在这个时候考虑进行面值削减,确实令人感到有点惊讶。
一般上公司进行面值削减,是可以让公司以较接近市价水平发售新股,或是要把凭单行使价减低。如果投资者推测榕钢控股会减低凭单行使价,榕钢控股-WB可能就会是这项计划的最大赢家。
榕钢控股-WB现有溢价属于有点高,不过,该凭单理论上由于母股历史波幅高而显得被低估。若榕钢控股真的把行使价减低,榕钢控股-WB就真的值得一博。
免责声明
本栏纯属学术上或经验上的建议,读者若有兴趣投资,应该自行深入研究或询问股票经纪才决定,盈亏自负。我们鼓励通过正确的投资方式创造财富。

Posted by WealthWizard > 2016-09-12 16:46 | Report Abuse

Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

LLHu

40 posts

Posted by LLHu > 2016-09-13 09:54 | Report Abuse

If the ex price of Warrant adjusted from Rm0.50 to Rm0.10, then the WA shall straight away up by RM0.10 at least...Maybe the insiders are buying now

LLHu

40 posts

Posted by LLHu > 2016-09-13 09:57 | Report Abuse

YKGI-WB is the only warrant of steel counters.

faizkl

268 posts

Posted by faizkl > 2016-09-13 10:05 | Report Abuse

Buy YKGI mothershare, more stable..

faizkl

268 posts

Posted by faizkl > 2016-09-13 10:05 | Report Abuse

BUY BUY BUY

faizkl

268 posts

Posted by faizkl > 2016-09-13 10:09 | Report Abuse

this counter about to skyrocket again like my mycron..

char1234

5,299 posts

Posted by char1234 > 2016-09-13 14:36 | Report Abuse

LL Hu..............YKGI is being driven by a smart operator.2 days inclusive of today the warrant B went to 18 cts (all time high) and retrace back to 16 cts. What are they up to ?? V dont know. Those buy at 18 cts ? Will they survive ?? Why test the all time high 2 days in a row ?

apasajalah

151 posts

Posted by apasajalah > 2016-09-13 14:38 | Report Abuse

yes....why?

apasajalah

151 posts

Posted by apasajalah > 2016-09-13 14:38 | Report Abuse

not enuf collecting?

LLHu

40 posts

Posted by LLHu > 2016-09-13 15:32 | Report Abuse

Char1234, what important is the adjustment in the exercise price of WB.

I wonder on the recent huge trading volume of WB since last week.If there is no adjustment in the Ex Price, who will be buying at current high premium......

Kong Ming

400 posts

Posted by Kong Ming > 2016-09-13 15:51 | Report Abuse

steels start moving agan !!!! buy ! buy ! buy !

noobbie

1,122 posts

Posted by noobbie > 2016-09-13 15:57 | Report Abuse

kasi tepuk sikit ini kaunter..wtf stuck at .365

char1234

5,299 posts

Posted by char1234 > 2016-09-13 16:01 | Report Abuse

Mycron challenging very hard ....

char1234

5,299 posts

Posted by char1234 > 2016-09-13 16:02 | Report Abuse

Only insider will know. Adjustment of 50 ct to 10 cts pending approval. Some risk here....im no expert

Kong Ming

400 posts

Posted by Kong Ming > 2016-09-13 16:12 | Report Abuse

mid term 50cents

Posted by Unicorn_park > 2016-09-13 17:52 | Report Abuse

YKGI is so happy that its best friend, Mycron is doing so good !

Kong Ming

400 posts

Posted by Kong Ming > 2016-09-14 09:22 | Report Abuse

flight about to depart...!!!

faizkl

268 posts

Posted by faizkl > 2016-09-14 11:14 | Report Abuse

Buying wave...

Posted by younginvestor92 > 2016-09-17 12:31 | Report Abuse

guys...dont buy this counter.....have been losing money for such a long period...if want to invest on steel... buy cscsteel..... got dividend take and growth prospect is the same..... imagine u buy this and market crash u got nothing left... u buy cscsteel still have dividend and their management is very good.... just some kind hearted advise :)

Posted by Unicorn_park > 2016-09-17 17:03 | Report Abuse

Wow 24yr old only already commented with such great knowledge in stock market. Spot on on 5 significant areas in stock market in the comment above. Continue to invest in your interest and you will be top.

I also got an advice for you. If 'market drop' happens, you may survive in big and good companies. But if 'market crash' happens, no stocks will survive and this includes Nestle, Panamy or even Maybank.

Be noted I talk about share price.

char1234

5,299 posts

Posted by char1234 > 2016-09-18 15:23 | Report Abuse

price being control between 36 to 39 (all time high) on purpose.I dont know why.Cld be planning to break d 39 cts. Im not sure....very slow n cunning stock operator

mh87

3,966 posts

Posted by mh87 > 2016-09-18 22:16 | Report Abuse

Maybe it will be pushed over 50 in near future.. Who knows.. Since most of the steel stocks price already pass 50..

char1234

5,299 posts

Posted by char1234 > 2016-09-19 12:54 | Report Abuse

steel price is usd 300 n all time high is 1256 .....steel went down to 90 few moths back n come back strong at 300....steel companies making losses for years. Cld b their year ......go buy the warrant .better rtns if u fancy this stk potential.

char1234

5,299 posts

Posted by char1234 > 2016-09-19 16:23 | Report Abuse

pushing it low

YapYap

32 posts

Posted by YapYap > 2016-09-20 09:53 | Report Abuse

can buy?

char1234

5,299 posts

Posted by char1234 > 2016-09-20 09:57 | Report Abuse

i really dont know. I sold off when it was high and it kept the price there.Cld be game over..if it falls below 36 ct......buy Bornoil. Its GOLD n safer there..

naaim207

366 posts

Posted by naaim207 > 2016-09-22 11:34 | Report Abuse

sudah takde minyak. All steel related counters moving upward, ykgi, seems going downward

enkabata

15 posts

Posted by enkabata > 2016-09-23 00:37 | Report Abuse

yessssss up ykgi and ykgi warrant......myk sudah jatuh......

char1234

5,299 posts

Posted by char1234 > 2016-09-26 23:58 | Report Abuse

Another round !!

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