CSC STEEL HOLDINGS BERHAD
KLSE (MYR): CSCSTEL (5094)
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Last Price
1.18
Today's Change
-0.01 (0.84%)
Day's Change
1.18 - 1.19
Trading Volume
72,000
Overview
Market Cap
448 Million
NOSH
380 Million
Avg Volume (4 weeks)
69,236
4 Weeks Range
1.14 - 1.22
4 Weeks Price Volatility (%)
50.00%
52 Weeks Range
1.14 - 1.54
52 Weeks Price Volatility (%)
10.00%
Previous Close
1.19
Open
1.19
Bid
1.18 x 28,900
Ask
1.19 x 3,000
Day's Range
1.18 - 1.19
Trading Volume
72,000
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 23-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 24-Nov-2024
T4Q P/E | EY
12.90 | 7.75%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
2.32 | 0.51
T4Q NP Margin | ROE
2.25% | 3.94%
Market Buzz
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: METALS
Subsector: METALS
Description:
CSC Steel Holdings Bhd is an investment holding company which is engaged in the provision of management services to its subsidiaries. Its business segments include Cold rolled and coated steel products, Investment holding and Others. The company is engaged in manufacturing and marketing of steel products, production of bio-coal and investment holding in real property. Its products include hot rolled pickled and oiled steel, cold rolled steel, hot-dipped galvanized steel and pre-painted galvanized steel. The company's product brands include Realzinc, Realzinc Enhance, and Realcolor. Most of its revenue comes from Malaysia.
Discussions
9 people like this. Showing 50 of 4,157 comments
Time to wake up and move ahead. Come on, you are worth much more than RM1.19 a share.
2023-11-15 10:26
Nice move today. +5.12%, with nice volume. Majority odds swing low has been printed on 27/10.
There's a gap fill near 1.45. Very ambitious and minority odds it'll get there this year with KLCI markets in zig zag mode. But if KLCI can do a strong run for several weeks, then, odds improve. Unfortunately, I didn't manage to get my standard position, the position size is smaller than target, but still nice to see my holdings rise by 5.17% today.
2023-11-16 00:42
Helps cover some of the red moves on the other parts of my portfolio, to allow my portfolio to hit all time new high again today! Thanks ANNJOO and thanks CSCSTEL!
2023-11-16 00:43
I bought this counter for the dividend. Never expect the final dividend to drop from 14 sen in 2021 to just 3 sen last year. Should be able to pay more this year. Just keep, it only constitutes a small fraction of my portfolio.
2023-11-17 17:20
If they keep up the good performance qtr to qtr basis, expect to be incentivized for holding or adding to your portfolio because price is still attractive to enter.
2023-11-25 11:30
Steel counter is the next theme to goreng.
Upcoming Construction Tender Jobs that have been delayed for awarding and expected to be announced, inclusive of existing contracts...
- MRT3
- LRT
- ECRL
- Penang Mega Infra
- Subang Airport
- Mega Flood Projects
- Johor Catalyst, RTS & HSR
- Pan Borneo
- Indonesia new capital in Nusantara, Kalimantan
2023-12-31 09:30
CSC is a well manage co loh!
It will benefit from the next upturn with TP Rm 1.60 to Rm 1.80 loh!
2024-01-01 12:14
钢铁领域 – 本地1月行情
如无意外，政府将陆续推动多项庞大的基建发展工程。这些大型项目包括:
> 东海岸铁路ECRL - RM55b
> 马新高铁 HSR – RM50-60b
> 捷运2号线MRT2 – RM32b
> 泛婆罗洲大道Pan Borneo Highway – RM16b
> 轻快铁3号线 LRT3 – RM9b
> 金马士- 新山电动双轨火车 – RM8b
> 大型城镇发展计划，如敦拉萨国际贸易中心TRX、KL118和其他项目
根据统计，上市建筑承包商在去年获得RM56b的合约，但是今年至今却只获RM15b。随着以上项目即将陆续开跑，投行预计今年底可达RM40b。
目前，大马最大型的ECRL项目在关丹Gebeng已经开始动工，由中国公司一手承包。Gebeng工业区已经建设一家非常庞大的中马合资钢铁厂Alliance Steel，主要用于应付ECRL的钢铁需求。由于ECRL项目非常大型，本专页相信本地钢铁厂也会受惠其中。
以上的大型项目将进一步推高钢铁建材的需求，如钢铁、水泥和铝。根据观察，虽然钢筋价格在近几个月走高，但是钢铁需求却未跟上。个人认为之前的上涨主要归功于中国减产、环保以及安检的措施。
值得一提，中国8月钢铁产量按年增长8.7%，创下历史新高。若钢铁价格要维持在高位，产能过剩的问题必须要解决，或者钢铁需求进一步增长。中国长钢期货在近期连续多天下滑，从每吨4,050元左右跌至目前的每吨3,900元。然而，这一现象并未影响大马的长钢价格。
根据资料，截至9/21，16-32cm 长钢价格如下:
> Chuan Huat (Ann Joo Steel) - 每吨RM2,615
> Southern Steel – 每吨RM2,650
> Amsteel (Lion Industries) – 每吨RM2,620
由于Annjoo的生产成本最低，它有能力以更低的价位争夺市场份额。然而，今天的平均长钢销售价已下滑至每吨RM2,550左右。本专页认为本地的长钢行情依然还在。一旦这些基建项目正式推出后，钢铁股未来的业绩将更出色。
中国方面，政府在前天召集区域内钢铁企业开会。会议上确定各钢厂高炉限产50%，执行日期为今年10月至明年3月。因此，钢铁价格接下来预计可继续维持在高位。
另一方面，中国一带一路建设项目可能导致钢铁需求增加高达150m吨，其中80%将用于建筑结构和钢筋混凝土。这计划历时10年，相当于每年增加15m吨钢铁需求，也就是说一带一路国家的钢铁需求会增长3-4%。
值得一提，在一带一路沿线的68个国家中，只有10个国家为钢铁净出口国，其余国家均在某种程度上依赖钢铁进口，其中超过20个国家根本没有任何炼钢产能。那么，你们认为大马四大长钢Annjoo、Ssteel、Masteel和Lionind会受益吗？
Mycron and melewar also benefits!
纯属分享！
2024-01-07 10:41
CSCSTEL EPS is cyclical, and we just came off a cycle low last year. Maybe I think 70%-90% chance that over the next 5 years, we'll see double digit EPS again, with prices in the range between 1.5 to 2. My cost price is around RM1.15.
Assuming it takes 5 years to hit these prices, the annualized Price returns ignoring Dividends are:
RM1.5 = 5.5% per annum
RM2 = 11.7% per annum
It's lowest dividend yield is 2.4%.
Thus, its good odds that if you can buy CSCSTEL cheap, the odds of getting a total returns of 8% to 14% per annum over 5 years or higher is very decent.
If own, no need to stress when prices will go above RM1.5 - it could take many years or next year. Nobody knows. The key is diversify, own small, and just relax. One day over next 5 years, it should get there and these kind of returns should be EPF over the period. Don't do active trading, commissions will just eat a huge chunk and if you play the buy high, sell higher price, inevitably, some of your trades will have losses that will eat into your cumulative profits, where after commissions, you may end up losing to FD rates if you do nothing.
2024-01-07 14:31
Ternium is a South American steel company. Although it has some mining operations, these serve mainly in-house and are a small component relative to the steel output. It achieved revenue and profit growth through organic growth and acquisitions over the past 11 years. It has a strong financial position and a good capital allocation plan, creating value for shareholders. A Valuation based on the steel price cycle shows a sufficient margin of safety, making it an investment opportunity. https://i.postimg.cc/kgw7QWJk/Ternium.png
If you are already invested in Bursa steel companies, this might be a good geographical diversification. https://www.youtube.com/watch?v=_O8B0TJGwfs
2024-01-31 07:33
The company still hasn't announced its final quarter financial results for last year. It would pay its final dividend for last financial year only this year, likely in early July as in previous years. It is possible that it may pay 8 to 10 sen a share.
2024-02-09 17:05
Should perform much, much better last year than it did in 2022 but its share price has not reflected this. Hope investors don't have to wait for too long to see its share price move upwards.
2024-02-13 10:58
Final dividend at 9.4 sen a share, translating into a dividend yield of more than 7.5%. Hurrah!
2024-02-22 19:54
Good stocks people don't buy, speculative stocks a lot of people chase. What a pity!
2024-02-23 10:49
CSC Steel is trading at a PE of under 10, a dividend yield of over 7% and has net cash of RM350 million or over 80 sen a share. TSH is trading at a PE of over 15, a dividend yield of only 2.5% and after deducting loans and borrowings, its net cash position is -RM50 million. Malaysia is under the single-tier tax system. Malaysian shareholders are not required to pay income tax on dividends received.
2024-02-23 16:27
For Dividend INNO is best
https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3402557
27-Nov-2023 14-Dec-2023 DIVIDEND Third Interim Dividend RM 0.0275
21-Aug-2023 11-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0225
25-May-2023 15-Jun-2023 DIVIDEND First Interim Dividend RM 0.0200
21-Feb-2023 09-Mar-2023 DIVIDEND Fourth Interim Dividend RM 0.0250
22-Nov-2022 12-Dec-2022 DIVIDEND Third Interim Dividend RM 0.0300
24-Aug-2022 14-Sep-2022 DIVIDEND Second Interim Dividend RM 0.0700
23-May-2022 09-Jun-2022 DIVIDEND First Interim Dividend RM 0.0600
25-Feb-2022 17-Mar-2022 DIVIDEND Fourth Interim Dividend RM 0.0600
25-Nov-2021 14-Dec-2021 DIVIDEND Third Interim Dividend RM 0.0600
26-Aug-2021 14-Sep-2021 DIVIDEND Second Interim Dividend RM 0.0400
2024-02-23 16:43
Construction activities should pick up, meaning more demand for steel products. Government can impose duties on imported products to protect local steel industries.
2024-02-28 16:30
According to Damodaran, projecting the performance of cyclical companies based on the current performance can lead to mis-valuations. He opined that for such companies we should look at the performance over the cycle – the normalized performance
When I carried out such an analysis of CSC Steel, I found that there is still a margin of safety based on its current price. Refer to page 20 of the article. https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol197_Invest-01Mar.pdf
2024-03-05 11:15
Judging from past records, CSC Steel should announce the timelines next week for its final dividend payment amounting to 9.4 sen a share. This should support its share price.
2024-04-20 21:07
I expect it to drop towards RM1.20 or even lower after ex dividend if its first quarter results are not as expected.
2024-04-30 22:14
Wah ... so fast. Yesterday, I said minimum target is 1.47, 24 hours later, target is reached ...
Thanks to CSCSTEL, HEKTAR and other green stocks offsetting red stocks, my portfolio made a new all time high again today after yesterday's all time high ...
Thank-you Mr Market.
2024-05-03 21:27
More than 10% return in just two months, not a bad investment. Much much better than my investments in RHB Bank.
2024-05-05 11:43
Investors haven't given this company a high valuation. It made over 23 sen a share in 2021 and declared a final dividend of 14 sen a share but its share price only went as high as around RM1.80 only.
2024-05-06 12:10
I just blogged about CSCSTEL here in i3.
Bought 5 times, haven't sold a single share yet.
Noted Net Cash has grown the past decade and is now around 92 sen.
It has a very high NAPS in a clean balance sheet of RM2.37.
However, because it didn't share its profits as much, the price is still depressed at 1.52.
This company has declared 9.4 sen dividend, hence, Mr Market is now happier.
This company could declare 12 sen at FYE2025 and 15 sen at FYE2026 to lower the NAPS down to around RM2.25 and if it does so, or sends this message, no reason why this stock cannot make a new all time high past RM2.25 and trade at book value.
However, it is unclear if the company wishes to do so or not. You'd think they will, but this depends.
hence, long term investors should not have a full position in this cylical stock.
It is still a cylical business over the long term.
Anyway, thanks to CSCSTEL and other greens to offsets reds, my portfolio has hit new all time high again today, the 10th time this month, as KLCI powers up to new heights! Trust everyone makes monies if they don't average down on their losers. Thank-you Mr Market!
2024-05-20 19:06
Current price 134- net cash 92 =42 cents price per share. Eps a year 11x. Dividend 7%. Steel consumption will go up coming years. I buy keep for long term.
2024-07-03 14:34
Never expect it to rebound so fast. Could be due to TA Research's buy call.
2024-07-03 17:16
This is a cyclical stock. It earned more last financial year and declared a 9.4 sen a share dividend and price went above RM1.50 a share. Another 10 sen drop would be a very good buy.
2 months ago
Yes, just call for a hold will do unless the price target is 1.10 or lower. Maybe TA has forgotten that investors have to pay brokerage, stamp duties and clearing charges.
2 months ago
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Bought at around RM1.20, how to take profit? This year's eps should be at least 15 sen and dividend shouldn't be less than 8 sen a share.
2023-08-23 09:11