Dividend is confirmed. Ex date yet to announce i think

now we know why skyjet is spreading false statements about Masteel. he is trying to pull people to his portfolio.. how adorable

There are cancellation of big projects. But new ones are coming in too

https://www.malaysiakini.com/news/427675?utm_source=dlvr.it&utm_medium=facebook

@skyjet avoiding my question? You may be able to scare away a tiny portion of fools with your false statement. But good luck trying to fool instiutions .

Forex gain = purchase cheaper = profit higher

I dont understand their argument. They are just pointing out without explainiing

I agree that reversal of impairment loss of 1M+ is not part of operating profit.

But if this forex gain of 7M + is for purchasing of raw materials in USD ( which is a recurring transaction) . Than i think it should be part of operating profit . @skyjet @stock_investor

Any thoughts?

I just hope somebody with deeper understanding to clarify .. now it is just random people coming out to monkey see monkey do. No intellectual talk.

Any accountants here feel free to explain if forex gain is a one off gain or part of gross profit (mainly cost or sales) would be appreciated

@skyjet hi, i have just watched the video. But he is just repeating what remiscier said without explaining deeper about forex gain. Besides, is he a professional stock analyst? Please refer to my comment below, kindly let me know if my understanding of forex gain is incorrect

Accounting noob here. However, i did a little reading which led me to believe that this foreign exchange gain is part of core business.

https://bizfluent.com/about-6630414-foreign-exchange-gains-losses-reported-.html

I think the forex gain is likely due to entering a transaction to purchase for raw materials in USD at a earlier time. But when they decide to pay to finish the transaction, ringgit has strengthened against the USD. Hence the foreign exchange gain.

This gain will lead to a lower cost of sales. Which is why i believe it is all part of operational profits. Correct me if i am wron

I thought jason chan already read the report on the 25th, why pretend to “just read” again just to troll? My god.. get a life

I sense somebody up there trying to sabotage. Must be somebody that sold the steel stocks before QR and regretting as hell hahahahha

@remisier @outliar

Accounting noob here. However, i did a little reading which led me to believe that this foreign exchange gain is part of core business.

https://bizfluent.com/about-6630414-foreign-exchange-gains-losses-reported-.html

I think the forex gain is likely due to entering a transaction to purchase for raw materials in USD at a earlier time. But when they decide to pay to finish the transaction, ringgit has strengthened against the USD. Hence the foreign exchange gain.

This gain will lead to a lower cost of sales. Which is why i believe it is all part of operational profits. Correct me if i am wrong? @probability @tecpower

Anyone can verify what remisier said as i am unable to view the full report on my phone. For one off gain like q317 the PAT is higher than PBT. But for this scenario it is not. Seems normal to me

QOQ and YOY also up. Let’s see some greens on monday

Result out! PAT 17.7M!

Can anyone experienced in the industry explain to me why masteel’s lower profit margin qoq which is reportedly affected by higher material cost and consumables cost but all other steel counters have better profits? Aren’t they supposed to be using the same materials/consumables?

Cksam, enlightening read thanks

High revenue YOY but lower profit. Is it because of payout due to MSS scheme?

ah.. That's fine. But i hope your comment about a powerful person joining the board is not a joke though! It would otherwise be false speculation

bluebiznet , just now you seem sure, now you are guessing it will come out tonight =.=

@andrewong no dividend right? I believe we are expecting a share 3:1 share bonus soon?

http://www.theedgemarkets.com/article/masteel-3q-earnings-jump-over-thirtyfold-company-eyes-bonus-issue

big profit taking on bursa today .. fundamentals for Dnex only getting better. https://www.bloomberg.com/energy brent crude 68.19Usd. Hibiscus finally hit RM1.00 today. Hopefully our turn soon to catch up!

wow tomyamgong , will it really close at a lower position compared to the highest point? i wonder if you have a crystal ball or you are just captain obvious? anyways i'll continue running towards my tp point for sure

source?king musang

Amet2017 sure is one optimistic person. I wonder what he has to gain from posting multiple bearish comments a day

Is there a trading halt ?