MITI Rebar Safeguard Duties
14 April 2017 – 13 April 2018 13.42%
14 April 2018 – 13 April 2019 12.27%
14 April 2019 – 13 April 2020 11.10%

Current China Rebar price is around RMB3750, if we converted to RM, it is equal to RM2263.
If it import to Malaysia, plus the 11.10% safeguard duties, it become RM2514 (havent include shipping cost). So guys, dont worry import China rebar will affect local steel.

Malaysia current Rebar price is RM2000 - RM2150, that mean we are actually lower than oversea, that why SSTEEL mention the company will continue develop its export market.

Let's hope our PM go to China and bring back some good news. Once ECRL continue, then all construction will be booming. and steel price will back to RM2400-2600 range.

tomorrow push up again

When the economy is good, your neighbour (same age with you) income gradually increase from RM3000 per month to RM15,000 per month, while your income slowly increase from RM3000 to RM3800.

Now this year, economy turn bad, your neighbour income drop from RM15,000 to RM13,000, while your income still able to increase from RM3,800 to RM3,850. You feel yourself are better than your neighbour.

Sure Anchorscape will privatise it, coz after privatise, they can sold the asset piece by piece, and no need to announce to public.. Inside KUB, they are a lot of undervalue jewel.. especially when after they sold the A&W and the PJ land, they are cash rich.

Unicorn, sometime it depends on the integrity of the management as well . certain management said very optimistic to achieved satisfactory financial performance, end up having huge losses in the next quarter.

The following statement are from the above author:-

1）赌场博彩税，将提高至占博彩营收总额的35%，比之前的25%大幅度调高 10%；博彩机器（如老虎机）税，则从总收入的20%提高至30%：

也就是说，pe 中的 earning per share 将下调10%.

I donno whether your Form 5 mathematics passed or failed, but you you mathematics logic above sound incorrect.

Logically, when tax increase from 25% to 35%, it is a huge increment of 40%. Please note that this is tax as Gross Revenue portion, so it will harm the net profit for more than 40%.

Example:-

Gross gambling revenue = 1000m
(Less): Gambling Tax 25% = (250m)
(Less): Operating expenses = (600m)
Net Profit = 150m

Gross gambling revenue = 1000m
(Less): Gambling Tax 35% = (350m)
(Less): Operating expenses = (600m)
Net Profit = 50m

You see the impact?

I'm not sure how much Gambling Revenue compare to its other revenue, but I believe this hike in Gambling Tax really hurt Genting Malaysia profit a lot.

P/S: Please correct me if my understanding above is wrong.

If the losses in stock market can use to offset my annual income, then I think I will be paying 0 taxes for the next 5 years. haha...

tonight sure a lot of sifu live at facebook, shouting that they have win big on lion...
haha

Revenue drop 25%, it mean MASTEEL only can survive when steel price is high, when steel price drop, it is not competitve with ANNJOO & SSTEEL, that why its revenue drop more than the peer.

After JAKS, I think LIONIND will be the 2nd counter that make KYY lose BIG money again.

My advise is:-

Compare to other steel stock, Lionind is the one who move up a lot, and the reason it move up is because KYY and other sifu is calling buy.

Even the best company like ANNJOO also facing significant profit drop, I don't think LIONIND can perform better than Annjoo, so better sold tomorrow instead of waiting for the result.

No matter you are cut loss or take profit, I believe you can buy back at cheaper price.

If the result come out is very bad, then you are safe.

If the result come out is very good, you can immediately buy it back at slightly higher price (5sen-10sen), and you can start sailang on it, as it mean LIONDIND will be back to the Top 1 Steel Producer in Malaysia, many Annjoo supporter will turn to Lionind, price will go higher n higher.

Windcloud, I totally agreed with your point. The ASP and Inventory increase together, next quarter will be KABOOM... Minimum RM60mil profit..

I dont think it will drop much tomorrow, on the basis that insider already knew about this quarter result and share price has been dropped from RM3.00++ to RM1.9++, everything has been reflected in the share price d.

I guess tomorrow share price might drop a bit, maybe 10sen, mostly sell by small fish, then the old bird will start collecting.

Based on the QR, it seems like SSTEEL is much better than ANNJOO.. Salute to Hong Leong Group Tan Sri Quek Leng Chan, he is really good in cost controlling compare to other.

But anyway, ANNJOO has the highest inventory, so as long as the current steel price higher than the price on 30 June, it is a bonus for Annjoo.

Frankly speaking, Bintai is a good company if you looking for job, their remuneration package and benefit are not bad.

However, if you are a investor, then this is not a good company to invest, this company never value their shareholder.

Q to Q improve 40%, seem like O&G on on recovering path.

Once the acquisition, Lion will become the Steel Leader again..
Other player like annjoo, ssteel, masteel all have to give way d.

Choivo, thanks for the detail update. I think your stock pick are not bad, is just now the market is bad, many good fundamental stock are being ignore by market.

KWAP disposed so many shares, very interesting to know who is the buyer?
Perhaps is KWSP? LTAT? or Permodalan Terengganu Berhad? or Creador Fund?

JAKS should proposed right issue 1:1 with the price of RM1, then it can force KYY to dig out another RM100mil and invested into the company, or force KYY to dispose his share.
If this is the case, I guess KYY will dispose his share, and share price will collapse to below RM1. Then management can buy back the share from KYY.

It depends on which perspective we are looking for... If we take RM4.5bil as the LRT3 revenue, then the net profit from this LRT3 will be 6%, which is RM270mil.
But if we only recognise RM270mil as the revenue, then the net profit will be almost 100%, because this RM270mil is the management fee, there is no cost that Gkent need to bear. Even got, it will be minimal only.

I like Pakatan Harapan, and I'm happy that LGE become our Finance Minister.
However, I'm a Accountant, I must respect my own professionalism, so I cannot accept LGE (as a Finance Minister) simply announce something inaccurate and misleading the public.

Just wondering our Finance Minister is working alone or working with a team of professional accountant / auditor.. If there is a professional team behind, why no one advise him?

Najib forgot that all the valuable and strategy location asset owned by 1MDB was actually "stolen" from government, and now it sold back to government.

Actually PFI shouldn't consider as debt, it is a kind of future committed expenses.
Normally, debt come together with asset. For example, you buy a house RM1mil, and you borrow 900k from bank. So in your Balance Sheet, you will declare you got RM1mil asset, and RM900k debt. So this is fair enough.

But what happen if you are not buying, you decided rent it from landlord, you sign an agreement with the landlord that you will rent the house for 15 years, with rental RM5k per month, or RM60k per year. When you declare your personal balance sheet, your asset is zero, and will you recognised that you have a debt of RM900k (being committed annual rental RM60k x 15 years)?

I believe you will said no right, because that is just a commitment of future expenses, we can't recognised it as debt.

这次真的“Fuxk”大财了。

Impossible can get compensation..
1st, did government black n white awarded the GST contract to MyEG oredi?
2nd, if you force government to compensate you, then how expect government to renew your existing contract?

SSTEEL posted a good result, I believe Leonfb will be benefited as well.

The result is slightly below my estimation, but it is considered very very good result.

Wow... Lionind so powerful.

Good good...

Will Digistar benefited from this round of bull market?

Good information and eagle eye sight.... Especially M&G

Today target price - RM0.19
Tan Sri Muhyiddin's Son
Coming coming

When all counter up but suddenly one counter drop, becareful.
Remember, other shareholder are as smart as you, they wont sell cheap to you when the overall market is very good. There must be reason behind it.

Sell Uzma and buy M&G, Tan Sri Muhyiddin's son is one of the Top 30 shareholder. Market missed out this O&G counter.

Quarter profit estimated to have 60mil above.

Many investor overlooked this counter, Tan Sri Muhyiddin's Son, Datuk Fakhri Yassin is the Top 30 Shareholder in this company, M&G.

And don't forget, this is a cash rich Oil & Gas company, they have few hundred million cash in hand after dispose the SILK highway.

With PH controlled the new company, it should be a very good news for all the steel company, reason being:-

1) Pretty sure that Government will force all the construction project (no matter the contractor is local or china company) to use steel produce in Malaysia.

2) Pretty sure the Government will monitoring the Alliance Steel, make sure it comply with the law that all its output is for export purpose, cannot sell to local market.

Lionind products are mostly direct supply to those government link company.. my guess.

Haha.. good. Better drop below RM1
, I am ready.

Uncle CP Teh, who tell you this DOLPHIN is a Stationery Counter? This DOLPHIN is Palm Oil Engineering Service company, it is different from the Dolphin Brand Stationery that you see in Popular Book Store.

Calvin, can you open a new topic with the title below:-

"Which counter will be benefited if Pakatan Harapan win in GE14, and also which counter to be avoid if Pakatan Harapan win in GE14"

The reason why I ask you to open this topic is because whenever I saw any topic related to GE14, it always tell people which counter to buy for GE14, and those author always assume Barisan Nasional will be the winner. For example, their top pick always is FGV, MRCB, KUB.... all the UMNO link counter.

Therefore, I need someone wisdom like you, to share your knowledge and opinion on the opposite thought. For example, if Pakatan win, the who are the Mahathir previous crony that will be benefited? Mahathir's son still holding which counter? If GST abolished, will consumer and car industry benefited? Which project will halted if BN lose? .....etc.

Really hope you can open a topic like I suggested, and thank you in advance first.

Since we can foresee any outstation citizen cannot come back to vote, so those who stay in home town must go to vote without any excuse... Otherwise, your country will have no more hope.

TP RM0.60

Now market economy so bad, many new start up business cannot get loan from bank, so they apply loan from P2P.. As the economy is very bad now, I can foresee many new start up business will facing cash flow problem (as their debtor will drag their payment, it is a chain effect), and I foresee many P2P borrower will start to default their monthly repayment.
So becareful.

Edward bro and Leoting Bro, since both of you are involved in the steel industries, do you mind to share with us the current Malaysia steel market status:-

1) Are the demands still strong? Previously the demand is very strong, many Steel Factory operate 24hour shift to meets the order, and some factory like SSTEEL even stop produce certain model, only focus on the popular model. How about now? From what I observe, property development has drop a lot, but infrastructure project are very hot. But I'm not sure which one comsume higher steel.

2) Last year, after Malaysia Government impose the tariff, many steel importer has reduce their order to import from China, the switch and buy directly from local producer. Subsequently, when China steel price rise above RMB4000, almost all import have been stop, because the China steel price is too high, totally cannot compare with local produce steel price. But recently, China steel price has drop from RMB4600 to RMB3500, and it seem like the price is competitive against local steel price, so has these steel importer start to order from China again?

3) Anyone know the latest status of Alliance Steel, has they start production?
Also, has Lionind resume its Johor plant?

I think this is typical pump and dump.
After KYY visit to UAE, he n his team start accumulate the share, from 69sen all the way to 90sen. Then today he publish this article to encourage you buy, if you buy, u think who is the seller?

After TSH, now Boneschythe.. who will be the next?
KYY? KIM? OTB? TYY?

what movie is this?

STC1136, I agreed with your calculation, but disagreed with your reason.

For me, the major reason that cause China Steel Price drop is not because of US Tariff (I think this only cause 30% of the dropping), but is the Inventory that those Steel Traders built up during the winter season.

Traditionally, China Steel Trader will always built up their inventory level during winter season, as they expect after Chinese New Year, all construction work will begin, and demand will come in in huge wave, and they can make a lot money of money when demand > supply.

However, something change this year, the demand after CNY didn't come in very slow, slower than anyone expectation. So some trader that cannot stand the financial stress start to selling their stock at below market price.. then this has impact the entire industry, and more n more trader start throwing their stock at below cost price (i.e. their cost price around RMB4000-4100).

This situation will be end sooner or later, once those traders reduce their stock pile to a comfort level, once more n more construction start work (coz their weather is cold, certain contruction side still havent resume work), the demand will surge above the supply, and price will be back to a comfortable level (RMB4000).