High chance still above 3

All knew about Q2 is soft quarter, and coming 3 rd q will be very good quarter. Expect drop a lot tomorrow? May not be but if there is chance price to drop significantly it may provide a rare and good chance to accumulate.

Got chance to beat annjoo net profit. Let see.

Leoting, result close to your expectation.

好分享，寄望今年的冬天铁花盛开，跟雪花绘出一副美景。

Perhaps l'm wrong but with current price moving up, one easily relate it to coming satisfactory quarter result.

Mrcibaii want nothing except to collect at low. Unfortunately today is not his luck.

Assertion and threatening has no use. Walk the talk tomorrow. Sell as many as you have, many of us will grateful for generosity you have extended to us to collect at low.

All the positive factor been in for steel player. Mrcibai, the only hope for you is praying hard so that word of war between us and north korea can really turn into war. That is all what you wicked wish.

It seems most of us here has high expectation on Ssteel. Not only it can probably having break record earning on coming 3rd Q but its result may also beaten the 3 other major steel players.

One of them even quoted ssteel as Return of King. Let see how it progresses.

哈哈， 这些人真的吃饱没事做，自家的钱包都管不住了，还管到别人家的钱袋了。我们会受不起。

口水之战，岂可认真？

唯恐“股市”不乱啊！

哈哈，这也太明目张胆了。

司马昭之心，路人皆知。

对，钢筋价起对建筑股不会是一件好事。这波中国钢铁业大重组，洗牌后，钢筋价不会在萎靡不振，而是重展雄风，威武宣扬。

在过一些时日，重组后的丰收额果，大家都会有目共睹。

大起大落，还不如稳定如山。钢筋价如是。
一天如果不像现在这么大起落，钢筋价又能徘徊在盈利区内，而需求端又能力挺，想必PE不会像现在的区区无几。

现为往这方向去应该不会太遥远了。

You run first..... we'll follow you later ^_^

Bro Edward, thanks for opinion.

Andyhard, could you share where and when you got the news that Amsteel & annjoo is facing furnace breakdown?

China has a lot of cheap scrap to export.

More upbeat news from China:

钢价再遇刺激：河北冬季限产影响有多大？
2017-08-07 09:39:12
华尔街见闻 陶旖洁
基金大赛
去产能对钢价的影响不容小觑。6月底最新的去产能数据发布以来，A股钢铁板块累涨33%，螺纹钢期货累涨27%。
现货钢价也加速上涨。8月5-6日，唐山钢坯现货价格出现多次上调，累计上涨每吨120元，达到3720元的近年新高。
那么，河北冬季限产到底能多大程度地刺激钢价？
先来看具体的工作目标。“河北环保发布”8月4日的通知显示，采暖季的工业企业生产调控，“按照基本抵消冬季取暖新增污染物排放量的原则”，钢铁企业实施分类管理，石家庄、唐山、邯郸等重点地区，采暖季钢铁产能限产50%。
河北钢铁产量占全国产量的23%。2016年全国钢铁产量11.38亿吨，其中河北2.6亿吨。
国泰君安宏观团队模拟了三种限产状况对工业增加值和黑色冶炼行业工业增加值的影响，三种限产状况对螺纹钢价格的影响如下。花旗认为，中国冬季钢铁减产可能削减日产量的8%。
情景一（弱限产）：产量2%受限，螺纹价格涨至4100元/吨（较当前价格上涨5%）
若限产执行比较弱，螺纹价格上涨有限，假设在5%左右。经我们测算，此种情景对PPI的影响在0.2个百分点，既考虑到直接影响，也考虑到主要的间接影响（借铁矿石价格的影响）。
情景二（中限产）：产量4%受限，螺纹价格涨至4500元/吨（较当前价格上涨15%）
中度限产或致螺纹涨价15%左右，可能致使下半年PPI超出当前预期0.6个百分点。
情景三（强限产）：产量6%受限，螺纹价格涨至4900元/吨（较当前价格上涨25%）
严格执行限产计划，可能致使下半年PPI超出当前预期1个百分点。

Edward, Leoting, thanks for sharing.

Edward, can't imagine how local steel plant unable to cope with backlog order? Local demand is extreme good now.

Demand seems super robust now. Maybe one of the reason is super expensive steel from China

Steel price should be robust at least RM2k above for at least few quarters from now.

Keep and hold for few more quarters, it will much more than 2.

Is 5 to 6 eps considered no good or good result for coming quarter result?

Edward bro, 1710 is referred to type of rebar in China, not price lol. 螺纹钢1710， yesterday shanghai rebar 1710 is RMB3840

Edward bro, the price l referring to is for Shanghai rebar 1710 on yesterday.

China rebar price break new high to RMB 3840

LC VS LB

Chinese dictum says wealth does not last beyond three generations. Don't know will this notion apply to growing family tree of Quek

There is chance coming ssteel PBT be equal or close to Annjoo. No dare to say it will beating Annjoo.

Leoting, do you mind share your estimate on coming ssteel profit before tax? Will ssteel PBT be close to or equal to Annjoo for coming Q result?

Just wondering if the problematic HRC plant is totally stop for operation. Spent so much time, effort and monies, if it is end up just do nothing what a big waste here.

Leoting, thanks for sharing.

Statement from Leoting is right. If you have any friend work as buyer in annjoo or other steel company you may get the similar info exactly as what shared by Leoting.

Edwardljhoo, thanks for sharing.

About 1/4 of contruction work completed in 1st q this year. 2nd q to be slight lower than 1st quarter.

Last year construction work = 166 billion, this year 170 billion, next year expected to be robust too. All the positive element is in for steel sector.... just a matter of time to reach Pe 8 and above for steel stock.

It such a golden time for annjoo. Export viable, local demand also robust. Deserve a high PE at least 8 above. I think it is just matter of time.

If coming eps is 6, total eps for 4 q= 26.8, Pe = 7, Price = 1.88.

Moving forward, if steel price stable, demand stable, Pe of steel stock should at 8 or above.

The coming eps is derived based on assumption that revenue reduced 5 to 6 % from previous quarter and net profit margin reduced 0.7 to 1.5% from previous q.

PE 6.5 is too low. My estimate coming eps will be 4.5 to 6. Take the median figure of 5.2, total eps accumulated for 4 q become 26. Fair PE should be 8 or above. Assume PE is 8, the price is RM2.08.

That's good news. Local builder now have no choice but can only get cheaper supply from local steel maker. Demand increase soon later local steel price will increase.

Edwardljhoo, thanks a lot for further sharing.

Edwardljhoo, may you share how you are sure that ssteel is having coming q profit cover by spill over profit from previous Q. If this is true, ssteel coming quarter result may not be too soft compare to previous q.

I have limited bullet. Having more high side is Lionind but riskier due its associate company.

Thanks Leoting too for his selfless sharing.

The price of masteel, ssteel and lionind looked very attractive now. Gonna be headache to think of which is best to select among them.

Coming Soft Q2 news create an opportunity to accumulate at discounted price. Only annjoo & choo bee survived on today bloodshed. Ssteel, masteel, lionind each succumbed on the soft Q2 news.