MCO is movement control order. MCO is affecting all the 3 principal players because workers cannot to go to work.
1 Workers cannot go to the steel factories to make steel.
2 Workers cannot go to the steel products makers to make steel products.
3 Workers cannot go to work in construction companies to work to consume steel products such as steel bars, stell plates, angle iron etc .
As a result, all the 3 principal players, the steel makers, steel products makers and the steel products consumers (construction contractors) cannot make profit.
Within my expectation, I said be4 Cabinets will do U turn even the 3 keys fulfillment not met altogether. It earlier than OTB Conservative prediction. (September)
PN need to prioritise on protecting lifehoods at the same time protect lives.
Simple mah, economy collapse where to find money fight covid and protect live? the more they delay, is akin say bye to GE15. malays revolt.
Covid is very infectious but the mortality rate is rather low and those with cormobilities are the high risk group. The total number of patients in ICU and need ventilation support is less than 1500 per day. Go divide by the numbers of hospitals we have. I think 1 small China district hospital can do better. This issue need to solve fast with every single cent from budget channel from heathcare budget allocation, dun play play anymore!!!
US FED chair Powell's dovish remark : 1) delay tapering, continuing of stimulate the economy. 2) boost economy and employment growth. 3) easy on clamp down on inflation, means commodities price are more rigthfull determine by market force rather than artificial.
OTB your view is validated and thank you for all the info gather, like you say it may take time for the prices to move beyond our imagination and I believe the key word here is patience and with the timeline of a year or 2, its not too far away
Covid19 cases record today at 13,215. EMCO in Selangor & KL likely to be extended for another 2 weeks from tomorrow. That means STEEL FACTORIES IN SELANGOR & KL WILL LIKELY CONTINUE TO BE CLOSED FOR ANOTHER 2 WEEKS.
In terms of performance, as of July 15th, a total of 29 listed companies in the steel sector have issued performance forecasts for the first half of the year. The net profit of 16 companies including Fushun Special Steel, Sangang Minguang, Xingang, and Liugang will increase year-on-year Over 100%, Baotou Iron & Steel Co., Ltd. is expected to achieve a net profit of about 2 to 2.8 billion yuan attributable to the parent in the first half of the year, a year-on-year increase of 2281% to 3233%, the largest increase.
Recently, many places have issued policies to limit steel production in the second half of the year, and the prices of superimposed raw materials have peaked and fallen, and steel prices have rebounded significantly after hitting the bottom.
In this regard, the CITIC Construction Investment Research reported that production restrictions in various regions have resumed. Baowu steel mills and Anhui, Jiangsu, Gansu and other regions have conducted relevant conferences to decentralize indicators, requiring production not to be higher than 2020. Considering that all steel companies have increased production in the first half of the year, the annual output not higher than 2020 will lead to a reduction in production in the second half of the year. The current production restriction is more about gradually decentralizing the indicators to the enterprise, without making too many regulations on the pace of completion. If strictly implemented, the supply side will face a relatively large contraction.
Thanks to OTB positive comments , I ep at 85 and 84 this week. I think I got pretty much bottom catch so Im happy. Worth keeping for twelve months based on steel outlook.
Only time can tell who is right and who is wrong. MCO is affecting the movement of everybody and listed companies. That is why I have cashed out of the stock market. Covid 19 cases in Malaysia is still surging. Many experts predicted that the pandemic will not be fully under control for at least 1 or more years. As a result, almost all the listed companies will not be able to report increased profit in the next few quarters. Some of them will report losses.
As an investor, I want to make sure my decision to cash out from the stock is right or buy back shares which are on cheap sale. I just rang Leon Fuat tel 03-33753333, Hiap Teck tel 03-33778888 and Choo Bee tel 03-32918822 and I found out that all these companies are close for business. As a result, all these companies will report reduced profit in the next few quarters. I will not be surprised if some steel companies report losses. Whether you buy or sell does not affect my pocket because I have sold all my shares. Good luck to all my critics for keep buying shares. Koon Yew Yin
I received many emails and whatsapp that "I am helping Mr K to push shares". I want to tell you that the above statement is not true. It is a faked and falsed assumption you have all the time ... I repeat ...
Mr K tells me to recommend LeonFB and help him to spread the news on LeonFB to all my subscribers. I recommend LeonFB is not due to Mr K, I recommend LeonFB because the fundamental of LeonFB is very good.
Mr K behind my back is selling LeonFB while I am promoting all steel stocks. I do not mind he sells LeonFB quietly, I am very disappointed with him after he sold LeonFB, he talked bad about LeonFB and all steel stocks.
He knows that I am promoting all steel stocks, he condemns all steel stocks now to attack me.
Due to his ego, he had lost a lot of money.
If he had listened to me on the following stocks, he would have saved a lot of money. Jaks > 200 million. Dayang > 100 million + profit > 100 million. I told him to take profit on Dayang around 3.00, he attacked me back instead due to his ego problem.
I promote all steel stocks, He attacked me indirectly to show the world he is better than me. It is his ego problem. Unfortunately he lost to me all the times.
Time will tell who is better ?
I have brokeaway from him long time ago and I will run far ... far ... away from this man.
You can cheat some people some of the time, You can cheat all the people some of the time, You cannot cheat all the people all the time. Quoted from John F. Kennedy.
Please do not think that I am related to this man again. I have brokeaway from this man long time ago and I will run far ... far ... away from this man ... I repeat ...
I am a honest person, I am a small fry in the stock market. I cannot and I do not have money to push up the share price. I buy and hold stocks for 3 months to a year to win big.
Please clear your doubt on me and help me to spread this news to the outside world to clear my good name.
Quote !! I received many emails and whatsapp that "I am helping Mr K to push shares". I want to tell you that the above statement is not true. It is a faked and falsed assumption you have all the time ... I repeat ... Unquote !!
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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....
Antfakeguru1
352 posts
Posted by Antfakeguru1 > 2021-07-14 10:08 |
Post removed.Why?