Good day to clear off short term traders. Keep calm, long term investors. With more construction and infrastructure projects happening in Malaysia, the demand for steel will still be there.

http://www.theedgemarkets.com/article/definitive-safeguard-duties-imposed-imported-steel-products

Media has started to cover this. Let's see when other big players are going to enter. Cheers!

2017年03月28日

钢铁去产能工作会召开：价格恢复性上涨基础不牢

会议指出，2017年是钢铁去产能深化之年，也是攻坚之年，更是决胜之年。2017年要化解过剩产能5000万吨左右、有效处置“僵尸企业”、淘汰落后产能、上半年彻底取缔“地条钢”等，这些都是必须完成的硬指标、硬任务。

我们必须清醒地认识到，钢铁行业产能严重过剩的基本面仍然没有改变，价格恢复性上涨、效益回升的基础还不牢固，化解钢铁过剩产能的任务依然艰巨。

http://www.ndrc.gov.cn/gzdt/201703/t20170328_842313.html

Tuesday, March 28, 2017 - 13:12
[BEIJING] Top Chinese government officials and steel executives met in Beijing on Monday to discuss the challenges in cutting overcapacity in the steel sector, according to a statement posted on the website of China's state planner on Tuesday.

The government will continue to implement measures to cut overcapacity, including tackling zombie firms and prohibiting low-grade steel production, it said.

Government agencies present at the meeting included the Natonal Development and Reform Commission (NDRC), the State-owned Assets Supervision and Administration Commission (SASAC) and the banking and securities regulators.

REUTERS

http://www.businesstimes.com.sg/energy-commodities/beijing-holds-meeting-with-steel-executives-to-discuss-overcapacity

Great bull ahead. Cheers!

After 2:1 bonus issue, you will have extra half the shares you are now holding at at (*2/3) price.
Eg.
Rm3.00 each with 100 shares
will become
Rm2.00 each with 150 shares

The total amount remains at rm300
Bonus issue reduces each share price to half of its previous value, making the stock more liquid.

Since Evergreen has a good record from its latest Quarter Report and export stock is still the theme for our Malaysian market. Mid to long term investor could still hold their stocks.

This will benefit Poh Huat. Poh Huat is a company which most of its revenue comes from export market. Together with the better pricing brought about by the stronger US Dollar
against the Ringgit, we expect to see better performance from Poh Huat.



99. In addition to the above measures, the Government will intensify support to strengthen exports.
100. A sum of RM235 million is allocated to MATRADE for 1Malaysia Promotion Programme, Services Export Fund and Export Promotion Fund.
101. MATRADE and SME Corp will also increase the capacity of SMEs and mid-tier companies to export goods and services overseas.
102. To diversify the use of foreign currency in trade transactions, Bank Negara Malaysia provides the Ringgit-Renminbi credit swap facility for local banks.
103. Currently, SMEs are eligible to claim income tax exemption of 10% or 15% of the value of increase in exports.
To further increase exports, SMEs are given flexibility to comply with the value-add condition that is from 30% to 20% and from 50% to 40% for manufactured products. This flexibility will be given for years of assessment 2016 to 2018.


Source:
http://www.thestar.com.my/News/Nation/2015/10/23/Budget-2016-PM-Najib-full-speech/

@lamborghini It's share split, my holy friend.

Quarter report should be released somewhere around 20+ of November, 1 month to go. With previous report usd/myr at around 3.70 while next report (for July to September) around 4.20. One can say EPS result is likely to perform better.

99. In addition to the above measures, the Government will intensify support to strengthen exports.
100. A sum of RM235 million is allocated to MATRADE for 1Malaysia Promotion Programme, Services Export Fund and Export Promotion Fund.
101. MATRADE and SME Corp will also increase the capacity of SMEs and mid-tier companies to export goods and services overseas.
102. To diversify the use of foreign currency in trade transactions, Bank Negara Malaysia provides the Ringgit-Renminbi credit swap facility for local banks.
103. Currently, SMEs are eligible to claim income tax exemption of 10% or 15% of the value of increase in exports.
To further increase exports, SMEs are given flexibility to comply with the value-add condition that is from 30% to 20% and from 50% to 40% for manufactured products. This flexibility will be given for years of assessment 2016 to 2018.


Source:
http://www.thestar.com.my/News/Nation/2015/10/23/Budget-2016-PM-Najib-full-speech/