all those bullish stock are in RUBBER GLOVES and TECHNOLOGY. simple as that!!!

tq Edward!!! you are the best... looks like rebar has found support at RM2340... which is good news

they are smart to complete the PP before quarterly report because it will be a spectacular quarter

Heng Yuan need to initiate share buyback. this ridiculous low pricing with high FCF is a no brainer.
when is AGM? need to scold kao them !!!!!

still a lot of sellers.

wow, price making a U turn. which is good!!!

what happened? down 10%

actually is good news for ann joo.... assuming price fall from 2640 to 2350 = 10% drop in ASP but
IRON ORE is down nearly 18%!!!! as you know ANN JOO uses a lot of iron ore

price still going down?

I will buy on breakout

this cannot be be promoted earlier because crack spread was below USD 6....
now I see that price is ONLY RM8.40... very cheap

2700000 only le. Not the highest this year. Relax

Edward, tq for the update

may I know the new warrant will trade at what price when open?

RM0.10?

my guess is they are dumping because Heng Yuan is not shariah compliant

may I know if amanaraya got share in PETRONM? if yes, we need to analyse why they sell heng yuan and not petronM

another way of calculation is:-

Q1 revenue is 348m base on ASP of RM2200
assuming now ASP is 2400/2200 = 1.09 x 348m = 379.6m

this is the most optimistic projection

may i know how you get Revenue of 330m?

Assuming 600,000 x 0.8 = 480,000mt x 1.08= 518400mt per annum /4 =

129,600mt per Q x ASP of RM2400 = 311million

this is my most simplistic calculation

duty is for cold roll stainless steel and not Cold roll Coils

there is a difference

tq Edward for your update!!! appreciate it a lot.
Hope to get update from you at least once a week.

The article say 16% drop from peak. Means 2650 x 16% = 2250 current rebar prices?

maintain at this price I assume

5th Oct 2017

Southern Pricing : (Morning) Drop RM20/Mt
Y16-32=Rm2460
Y10,12,Y40 &R10 =RM2610
R6,8,12,16,20&25=Rm2660 (No Stock)

Amsteel Pricing : (Morning) Drop RM20/Mt
Y16-32=Rm2460
Y10,12,Y40 &R10 =RM2610
R6,8,12,16,20&25=Rm2660

what is steel price today?

may I know the latest steel price as of today?

guys, so if I buy Annjoo-PA now the exercise price is RM1.80 or RM1.30?
IF rm 1.80 + 2.36 = RM 4.16 is out of the money. which is correct?

hi all,

may I know what is the pricing for this week? did it drop further? please don't drop below RM2400

should be 1.19 x 2 = 2.4

please note that Masteel capacity is 700000mt, last year they run at 80% capacity utilisation. they stated to increase 8% from last year performance. Therefore, estimated volume is 600,000mt. 600,000 x assuming very conservation RM300 = 180million / 4 = 45million per quarter of NP.

since everything is so rosy, I decided to take all information at half valution
therefore, masteel 1.29 x 2 = PE 2.58 is still dirt cheap for a no borrowing companry

why nobody cover hengyuan. with PE of 8.5x for refinery, hengyuan is minimum RM 15!!!

high aluminium price will not help this counter le

may I know when is expiry of the new warrant?

steel counter bo lat!!!! beh jalan

why the right issue OR not listed yet? when is the listing?

May I know if any listed company in China related to Heng yuan? From there we can check if they pay dividend or take care of shareholders

not as attractive because other steel counters are trading even lower PE

buy la. 1st target price RM1.75

wow big taiko ANNJOO also kena sell down. geng!!!

29th September

Yes adjusted 1.23

wow, your analysis is very very detailed. very good analyst

between CHOO BEE vs HIAP TECK vs AYS vs LEONFB, see which horse run faster

general market down. today loser more than gainer

pumcit

is there such thing as macquire research? i think someone is misleading us

Annjoo is running at 80 to 90% of their capacity. They might not be able offer additional supply compared to the other 3

Especially structured warrant issued by banks

Use margin to buy call warrant is not advisable...

target price minimum RM2. Below RM2, dont sell

target price minimum RM2. Below RM2, dont sell