Steel is the most basic material in doing any things e.g. building,vehicle, infra & etc. The demand is always there. This is the high usage time of steel world wide to build up the economy.
007007... don't worry... losses would only be ours as we're not investing using your money.... we can make some reasonable levels of research and judgment before buying stocks...
The recent quarter results of all steel stocks released are very good, all steel stocks should perform very well. LeonFB is trading at a projected PER of 3 times which is not a fair one. Likewise, Choobee and Prestar. However, the share prices of steel stocks just cannot perform despite very good quarter result released because the market sentiment in KLSE is very bad. Sad to say that KLSE is the worst stock market in the world, there are few buyers to invest in this stock market due to unstable and fragile government. Covid-19 pandemic in Malaysia is also the worst in the world, most of investors are worried on Covid-19 pandemic and MCO situation in Malaysia.
There are many good steel stocks listed in KLSE, there is no demand on steel stocks. Unlike HKSE and SSE, the steel stocks are starting to perform well and recent record profit reported will push up the share prices of steel stocks listed there. Only god knows when KLSE will perform well again, need a lot of waiting time and patience. I feel very disappointed on KLSE, hopeless market in the world. Thank you.
There is really nothing to worry about. Steel prices in Malaysia continue to rise steadily. FMCO will be lifted eventually. And steel production will resume eventually.
Below is the month-to-month prices for building material. Steel prices are very encouraging.
Then pls do come up with better suggestions or constructive facts... that's if you "actually" have bought the shares here... sincerely will appreciate.
Wow... Why so much hatred? Kyy definitely isn't an angel.. He's in his 80's and achieved his financial freedom long ago... He has been personally helping so many students for their education scholarships and i personally know couple of those students who were lucky to obtain it... He does give his stock selection opinion and he never pressures anyone to buy... as he always encompasses personal choice... maybe if you can give some knowledge on personal investments like him and guide on the lesser of us... that should be great...
Kyy & OTB were dead wrong on glove stocks at the very peak when i called that they were wrong.
Now i say they are wrong again on steel & aluminum stocks.
The reason is quite simple. When steel and aluminum prices swing up, share prices of steel and aluminium companies swing up. Up to a point where the share prices stop going up and causing you to see a low PE and low valuation.
This is a trap. They stop going up because stock prices are forward looking. Steel and aluminum prices are cyclical. Share prices stop going up because they are pricing in the future down swing of steel and aluminum prices.
In other words, it is a trap that cause you to buy at the peak.
Time will tell if i am right again as i was with glove stocks.
Posted by rr88 > Jun 27, 2021 3:48 PM | Report Abuse
Kyy & OTB were dead wrong on glove stocks at the very peak when i called that they were wrong.
Now i say they are wrong again on steel & aluminum stocks. ------------------------------ Ans : When I recommended Supermx at 3.60, the share price of Supermx continue to go up to 7.00. You keep on shouting sell all the times without fail for a few months. The share price of Supermx went up to > 24.00.
The share price of Supermx went up from 7.00 to > 24.00, you are calling and shouting sell all the times. You tell me that you are right and your call is correct now. Are you sure ? I keep track all your postings on Supermx, you are damn wrong all the time.
Shouting sell all the times when the share price of Supermx went up from 7.00 to > 24.00 is definitely a wrong call. A small kid also able to tell you.
I do not wish to argue with you on Steel stocks now, let time tells who is right.
You are polite, I am even more polite than me. Thank you.
There's a small bunch here who're very quick to claim the stock price is at the top and will go down soon... plus name calling ppl who give some research results... it's the same attitude carried at virtually on many of the other counters .. i was influenced during my early days and ended up losing good returns by selling way too early... since it's your own money which you're investing.... don't bother with people of these types.
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Invest_888
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Posted by Invest_888 > 2021-06-18 09:44 | Report Abuse
All steel stocks will rebound soon, oversold.