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2018-03-26 09:09 | Report Abuse
Steel price future drop to 3500 yuan. POWER OF TRADE WAR
2018-03-26 09:02 | Report Abuse
Steel price future drop to 3500 yuan. POWER OF TRADE WAR
2018-03-14 09:58 | Report Abuse
Posted by Masteel Feb 28, 2018 06:02 PM | Report Abuse
This year full year Masteel realised a gain of exchange 14 million (due to strengthening in ringgit from RM4.4 to RM4.) and write off inventory of 2 million
Both of this item will not be repeated in 2018.
Scenario 1
PBT 70.9m minus 12m (net of gain and write off) =
Adjusted PBT 58.90m
Less 24% Tax = 14.13m
PAT = 44.76m
EPS = RM0.1048
PE 8 =RM0.84
PE 10 =RM1.04
Scenario 2
PAT Q4'18 12.15m x 4 = RM48.6
EPS = RM0.1138
PE 8 = 0.91
PE 10 = 1.13
It is deemed fully valued.
I cannot understand why overall payable/borrowing was reduced but having higher finance cost than previous year
Debts to Cash ratio : 20m vs 600m (20 times) - as their trade bill involve late interest payment.
Please bear in mind, it is on optimum capacity now.
Favour/Unfavour Risk
1.Steel price increased further.
2.Volatility of RM/USD
I shared my view and calculation.
2018-03-07 11:03 | Report Abuse
I believe in OTB. He did nothing wrong.
2018-03-06 10:47 | Report Abuse
Scenario 1
PBT 70.9m minus 12m (net of gain and write off) =
Adjusted PBT 58.90m
Less 24% Tax = 14.13m
PAT = 44.76m
EPS = RM0.1048
PE 8 =RM0.84
Scenario 2
PAT Q4'18 12.15m x 4 = RM48.6
EPS = RM0.1138
PE 8 = 0.91
I REPEAT. MASTEEL ONLY WORTH 0.84 - 0.91.
2018-03-05 16:51 | Report Abuse
How much do you know about masteel ? Back to your tek seng please. dont be sumseng.
Posted by stockwiser Mar 5, 2018 03:51 PM | Report Abuse
Do you think share price can determine in this way ? Dun act like exert la.
2018-03-05 15:47 | Report Abuse
Scenario 1
PBT 70.9m minus 12m (net of gain and write off) =
Adjusted PBT 58.90m
Less 24% Tax = 14.13m
PAT = 44.76m
EPS = RM0.1048
PE 8 =RM0.84
Scenario 2
PAT Q4'18 12.15m x 4 = RM48.6
EPS = RM0.1138
PE 8 = 0.91
I REPEAT. MASTEEL ONLY WORTH 0.84 - 0.91.
2018-03-05 12:11 | Report Abuse
Because of fear and MASTEEL was fully valued.
Posted by curious2 Mar 5, 2018 12:09 PM | Report Abuse
Why drop 7 sen today?
2018-03-05 11:51 | Report Abuse
Alliance Steel (M) Sdn Bhd, a subsidiary from of Guangxi Beibu Gulf Iron and Steel Co Ltd from China, has invested RM4.2 billion to build a modern integrated plant on 710-acre site in Malaysia-China Kuantan Industrial Park. Scheduled to commence it operation in 2017, this plant will produce high carbon steel and H-shaped steel with and annual production capacity of 3.5million tonnes.
2018-03-05 11:51 | Report Abuse
Not really. The main reason why Masteel drop becoz the it was fully valued. Fair value RM0.84 - 0.91.
Posted by 4444 Mar 5, 2018 11:49 AM | Report Abuse
Got Alliance Steel means bad for Masteel?
Posted by Masteel > Mar 5, 2018 11:42 AM | Report Abuse
Please do not forget about Alliance Steel (M) Sdn Bhd. the biggest producer have yet in full operation. One of the China big investment in Malaysia.
2018-03-05 11:42 | Report Abuse
Please do not forget about Alliance Steel (M) Sdn Bhd. the biggest producer have yet in full operation. One of the China big investment in Malaysia.
2018-03-05 11:38 | Report Abuse
the reduction in import steel will result over supply in World. Its a big gluttttt coming soon. Overdone.
2018-03-05 11:36 | Report Abuse
I repeat 1 more round. Please do not play against the market. Masteel is only worth 0.84 - 0.91. This is the fair value without considering TRUMP effect.
Wanted to know how it was counted. Please refer to my comments earlier. Game over for Masteel.
I have no doubt on Masteel fundamental. It drop basically it was overvalued. Simple is that.
2018-03-05 09:33 | Report Abuse
Scenario 1
PBT 70.9m minus 12m (net of gain and write off) =
Adjusted PBT 58.90m
Less 24% Tax = 14.13m
PAT = 44.76m
EPS = RM0.1048
PE 8 =RM0.84
PE 10 =RM1.04
Scenario 2
PAT Q4'18 12.15m x 4 = RM48.6
EPS = RM0.1138
PE 8 = 0.91
PE 10 = 1.13
I REPEAT. MASTEEL ONLY WORTH 0.84 - 0.91.
2018-03-05 08:55 | Report Abuse
Feb 28, 2018 06:02 PM | Report Abuse
This year full year Masteel realised a gain of exchange 14 million (due to strengthening in ringgit from RM4.4 to RM4.) and write off inventory of 2 million
Both of this item will not be repeated in 2018.
Scenario 1
PBT 70.9m minus 12m (net of gain and write off) =
Adjusted PBT 58.90m
Less 24% Tax = 14.13m
PAT = 44.76m
EPS = RM0.1048
PE 8 =RM0.84
PE 10 =RM1.04
Scenario 2
PAT Q4'18 12.15m x 4 = RM48.6
EPS = RM0.1138
PE 8 = 0.91
PE 10 = 1.13
It is deemed fully valued.
I cannot understand why overall payable/borrowing was reduced but having higher finance cost than previous year
Debts to Cash ratio : 20m vs 600m (20 times) - as their trade bill involve late interest payment.
Please bear in mind, it is on optimum capacity now.
Favour/Unfavour Risk
1.Steel price increased further.
2.Volatility of RM/USD
I shared my view and calculation.
2018-02-28 18:02 | Report Abuse
LEt me correct you a little bit.
This year full year Masteel realised a gain of exchange 14 million (due to strengthening in ringgit from RM4.4 to RM4.) and write off inventory of 2 million
Both of this item will not be repeated in 2018.
Scenario 1
PBT 70.9m minus 12m (net of gain and write off) =
Adjusted PBT 58.90m
Less 24% Tax = 14.13m
PAT = 44.76m
EPS = RM0.1048
PE 8 =RM0.84
PE 10 =RM1.04
Scenario 2
PAT Q4'18 12.15m x 4 = RM48.6
EPS = RM0.1138
PE 8 = 0.91
PE 10 = 1.13
It is deemed fully valued.
I cannot understand why overall payable/borrowing was reduced but having higher finance cost than previous year
Debts to Cash ratio : 20m vs 600m (20 times) - as their trade bill involve late interest payment.
Please bear in mind, it is on optimum capacity now.
Favour/Unfavour Risk
1.Steel price increased further.
2.Volatility of RM/USD
I shared my view and calculation.
Feb 28, 2018 04:09 PM | Report Abuse
ming Total 4 qr pbt = 70.882m
Assuming tax rate 25%, pat = 53.16m
Eps = 0.124 (base on 427.24m)
Pe8=0.995
Pe9=1.12
Pe10=1.24
28/02/2018 16:09
2018-02-28 11:23 | Report Abuse
masteel on
Full capacity now.
Rebar price at 2600-2700
PBT 70mil
one off item.
inventory write off 2mil
forex gain - 14mil
PAT 44mil......
divide 400++ mil shares
if any reversal in USD/ rebar price will have adverse affect.
Why not move to other 3 steel which better ?
Over this 3 quarter... debts didnt reduced.............
2018-02-21 13:31 | Report Abuse
cksam :Why am i saying stock price discovery is not the same as 1 + 1 = 2? If it is this simple then all analyst and Investment Banker will come to the same conclusion when calculating a stock's worth. Why every analyst and investment bankers come up with different numbers? Even though most of them use the popular Discounted Cash Flow model?
Satu Horse:Investment bank have their own SOP to perform valuation, cannot simply cakap cakap like you n me. You wrote too much to create trouble yourself.
Let me share with you, keep thing simple with reasonable sense.
I'm wondering whether you really started to invest in 2015.
2018-02-20 19:46 | Report Abuse
Well said. Panda.
Just wanted to add some note over here to my dearest CKsam
Cksam: If share price movement is determined by calculating the PE and EPS then there will be no poor investors in Bursa. Who don't know 1 + 1 - 2 ? The problem is price discovery of share price is not that straight forward. There are a lot of factors determine the movement of share price namely earnings, growth prospect and so on.
Satu Horse : Siapa tak tahu u cakap apa o. How to win big and become rich investor depend on how many factors you can see in this particular industry. If you cannot see, then u loss money lo.
If you see dou jo, the congratz lo.
Cksam: The current share price of Masteel is a reflection of previous earnings. Hence the future price of Masteel will be determined by future earnings which we do not know.
Satu Horse :The current share price are reflecting a combination of past and future earnings, shareholder confidence and etc The share price doesn't move far above due uncertainty in financials going to be reported by Management as Financials can always be manipulated.
The rest. I lazy to write.
2018-02-06 14:21 | Report Abuse
Bitcoin price CRASH: The MOTHER of all bubble is the BIGGEST in history
2018-02-06 12:02 | Report Abuse
Azero.... dun tell laaaaaaa..... lettttt theemmmmm sellllllll..
2018-02-06 11:25 | Report Abuse
MORE TO COMEEEEE WAHAHAHAHHAHAHHHAHHAHAHAHHAAHAHAHAHHAHAHAHAHAHAHH
2018-02-06 10:40 | Report Abuse
CUT CUT CUT CUTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT......... WAHAHAHAAHAHHAAHAHHHAHAHA SELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
2018-01-30 09:07 | Report Abuse
RESULT OUT ON 15 FEBRUARY 2018. WOWOWOWOOWOWOWOW
2018-01-29 15:28 | Report Abuse
THOSE TIGER WHO BOUGHT ON 24 JAN WAITING TO SELL THEIR TICKET . WAHAHA
2018-01-29 15:20 | Report Abuse
FYI. SABAH IS SELLING AT 3k per tonne now.
price between between 2.8 - 3.1 is good and healthy
2018-01-29 15:12 | Report Abuse
80-90% of seats occupied
2018-01-29 15:11 | Report Abuse
THE EXDATE IS VERY INTERESTING. WAHAAHAHHAHAHHAAHHAHAHAHAHAH....
VALUABLE INFO OBTAINED. THIS EGM REALLY WORTH TO ATTEND
2018-01-29 15:07 | Report Abuse
SABAH STEEL GONE UP TO RM3000 per tonne.
2018-01-29 15:06 | Report Abuse
Crocodile waiting good timing to makan. HOLD your position and wait
2018-01-29 14:47 | Report Abuse
WAIT TO RECEIVE ANG PAO FROM MASTEEL. HAPPY CNY!
2018-01-29 14:46 | Report Abuse
BUY BEFORE TOO LATE. THOSE ATTENDED EMG WILL KNOW.
2018-01-23 14:25 | Report Abuse
HOPE TO RECEIVE BIG ANG PAO FROM MASTEEL BEFORE NEW YEAR
2018-01-23 13:30 | Report Abuse
Aslm.well done. Here a little bit to add-on,you have omitted the tax expenditure.
2018-01-23 09:55 | Report Abuse
look properly the chart among all four KING KONG steel co. U will know the market confident on which counter more and which to enter.
Sell and stay away from steel if you feel fear. Buy if confident. Dont waste your valuable time here and as other for advise.
2018-01-18 13:32 | Report Abuse
WAHAHHAHAHHHHAAHHAH RM 10 COMING!!! FAILLING DOWN ALL THE WAYYYYYYYYY!!! HAHHAHHWAHAHAHAHAAHHAHHAAHHA
2017-12-08 11:54 | Report Abuse
Sandra86. The driver of 86 only know downhill dunno uphill.
AHAHAHAHHAH..
2017-12-06 11:03 | Report Abuse
DUN SPREAD THE NEWS SO FAST LA. NANTI I CANNOT COLLECT HOW O. I HAVENT PLY ALL IN GEH LEH.
2017-12-06 09:10 | Report Abuse
Any price below RM1.38 is good to collect. Once again thanks for Mr.OTB valuable comments. Make our trading world different and happier.
WAHAAHAHAHAHHAAHAHAHAHAHAHAHA.
2017-12-06 08:58 | Report Abuse
GAS HIKE will not have significant impact bro. The news talking 14% increase = 200million. How much is 200m to the steel industry.
2017-12-05 12:00 | Report Abuse
WAHAHAHAAHHAHAHAHA... CONGRATZZZZZZ.... REMEMBER TO CONTRIBUTE MORE IN 12.12 revolution dayyyyyyy.
2017-12-05 11:06 | Report Abuse
congratz.. GAP CLOSED ! HHAHHAHAHHAHHAHHHHHHHAHHAHHHA.. BUUYYYYY~~~~~
2017-12-05 10:36 | Report Abuse
Dylan Yong Hua Tai 1.35....T_T.... crazyrenoma sifu...where are you?
Here i'm :)
Happy trading. Wohohohohohohohoh. Black friday /12.12 revolution/ christmas all kena pakai duit 1 leh... 2018 will be a good start.
2017-11-30 13:26 | Report Abuse
SELLLLL........... WAHAAHAHAHAHAHAHH
2017-11-29 16:12 | Report Abuse
CHEAP CHEAP SALES> WAHAHAHAHAAHAHHAHA
Stock: [SSTEEL]: SOUTHERN STEEL BHD
2018-03-26 09:15 | Report Abuse
https://www.quandl.com/collections/markets/industrial-metals
Steel future drop to 3500. Beaware of trade WARRRR... STEEL PRICE will dump 99 li.