Old and Golden Investor Journal

MASTEEL - I Collected a few today

Old_and_Golden
Publish date: Tue, 19 Dec 2017, 10:38 AM
Just retired. Has lots of time and little money to invest. This is my blog where I write about my experience, thought process, lessons learnt, and profit and loss along the way.

The market seems to be taking a breather today. Masteel dropped a few cents; and I picked up a few at 1.51.

These are good to hold.

Any supporters of MASTEEL here?

Discussions
Be the first to like this. Showing 12 of 12 comments

Garysk

Good pick bro, bonus issue 3:1 pending approval, I have both Hengyuan and Masteel like you, both recommended by OTB, please read report by Leo Ting and David Lim, good analysis..

2017-12-19 12:03

Old_and_Golden

...and I also have George Kent.

Stay low now, waiting for next good opportunity to pick up.

How about HAIO?

2017-12-19 12:21

pputeh

If I am not mistaken Masteel bonus issue has already been approved. Its now waiting for ex date. Have you ever considered picking on some Penta or Inari? Superlon has fallen quite a bit due to earlier Q results poor. However the latest Q results show improvement

2017-12-19 12:35

pputeh

picking up

2017-12-19 12:44

Old_and_Golden

I have read about INARI
- its earning; net profit increased 48% (2017/2016)
- revenue growth by 32% to RM373mil.
- end 2016 to now, share price return of 110%
However, the Price Earning Ration is at 26 times; a bit high for my liking.

Do not have info on PENTA yet.

2017-12-19 13:26

feimah

I though you don't favour semi-con stock. Anyway, for me Inari already reached its fair value. You may want to peep at SKPRES or PIE.

2017-12-19 14:57

Ah Hong

Support u.it is nice stock

2017-12-19 15:43

Old_and_Golden

i will look at SPRESS and PIE ...Thanks Feimah. :)
I didn't go in INARI, only shared info I got after someone alerted me to the counter.

2017-12-19 18:15

feimah

No problem

2017-12-19 19:37

stlf

Masteel...awaiting very good results in Feb 18

2017-12-19 20:41

coffeemoney HRC IS OTW TO RM 20 HUAT AH

Yes, MASTEEL is a very good steel counter indeed. Better than CSCSTEL which I suffered massive losses, RM10K++.
Don't forget to buy HENGYUAN as well. Both are very good counters, P/E good, performance good!

2017-12-19 20:43

gladiator

I too pick up Masteel wating to sell at RM1.68

2017-12-21 15:42

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