please add me

agree with @manegto

vaccine does not eliminate virus. vaccine to be implemented in the whole world and to be successful, might take decades. think of ourselves, who wants to be the first batch to be vaccinated? another form of fear comes. and do all countries instantly approve the vaccine and make it compulsory? not sure.

the fact is this is a structural change. not an one-off event. the global health awareness drastically increases. countries all want the hospital to maintain sufficient stockpile of PPE. gloves are not expensive at all compared to other equipments. so why not? no one would hesitate to stock them up. the shelves lives about 2 years is long enough for stocking up as national security purpose. if not, at least to get ready for the potential second wave like in China & France. in future, maybe even there will be law to enforce the hospital to do more stock up.

vaccine? minimal effect. just sentiments. sales orders will prove.

supermx has made it clear it has changed to focus on obm and anyone can check obm price is at MULTIPLE of oem factory price CURRENTLY. other manufacturer will follow to raise the OEM but it is just slower to reflect and less significant to enjoy the end product price.

historical PE high but forward PE is low and can sustain for many years.

I’m curious, why is there a price war when the supply cannot catch up the demand due to the exit of Chinese steel ?

First time posting in I3investor and I am lucky to receive such genuine

hi everyone esp Leo and Edward, got a few questions when choosing among the long steel manufacturers to invest. sorry if my questions are too stupid …

1. ssteel has a batch of LB that will dilute the EPS. the LB is 175m i checked.. ssteel market cap now 800m only. but i c many ppl didn’t consider the dilution effect is huge. secondly ssteel finance cost is relatively very higher which is 12m, over the profit from operations 49m, about 25%. because it has highest debt. what do you think about it?

2. i know annjoo has cost advantage. but news that its furnace broke down has been circulating. do you have reliable source to clarify this? if the furnace is truly down, can annjoo still produce? or just rely on one source? scrap or iron ore? annjoo also has PA that will dilute its earnings also.

3. lion has parkson that makes it not a pure long steel pick, a bad performance of parkson will erode the earnings, therefore makes me reconsider. its revenue was the highest, but is the capacity the highest? in future who is able to grab most business in your opinion? highest capacity is ssteel right?

4. I’m also confused about the location. i know ssteel and annjoo are at penang there, if they are supplying the long steel to klang valley and bear the transportation costs, how much extra deduction from the earnings would it be? is it small enough so we can neglect it in analysis? as i know the transportation should be expensive due to steel weight. i'm confused.

5. and lastly very direct questions … which long steel counter are you holding currently? asking this so i can follow experts and at the same time having my doubts cleared so my mind would be easily affected as all doubts are cleared. TQ