very quiet this forum. seems many cut loss and quit...
Good show is coming now as yesterday is value buy

https://finance.sina.com.cn/money/future/fmnews/2021-11-11/doc-iktzqtyu6627306.shtml

黑色系早盘不断走高：热卷涨逾6%，硅铁、焦炭涨逾4%

KYY bought at 70sen...
I bought at 62 sen low

Haha, i am happy to buy more AYS now. I sold most few weeks ago

Steel in high growth Renewable Energy

According to a report from the National Renewable Energy Laboratory, wind turbines are predominantly made of steel (71-79% of total turbine mass); fiberglass, resin or plastic (11-16%); iron or cast iron (5- 17%); copper (1%); and aluminum (0-2%).

US and China has the most wind turbine in the world

having said that (US tight supply), China being the largest steel producers in the world, China steel price will have significant influence over international steel prices. Msian producers are mainly sold to China, being biggest market. Msian producers can sell to china but they need to do modification due to difference size.

Yes. The drop in iron ore and coal prices will result in reduction in production costs...the net result profit might not be affected.

One uncertainty...we don't know how bad is china demand now. Per some reports from China website, steel inventories are on the rise. In US, from my contact, the steel supply is tight.

the reason why we compare rebar price to Hiaptek billet and slab as they are correlated. Normally only rebar and HRC prices are quoted in futures mkt.

Steel, Aluminium prices are closely correlated nowadays.

OMH has recovered now... OMH is supplier of materials like manganese alloys and ferrosilicon for steel producers. These ferrosilicon and manganese prices also closely correlated with steel prices

https://finance.sina.com.cn/futures/quotes/RB2201.shtml

This is the real time future contracts, the most active traded exchange in China.
Price is recovering a bit. This morning drop 5%. Below RMB 4000, some china steel mills will make a loss due to high energy costs etc.

https://finance.sina.com.cn/futures/quotes/RB2201.shtml

today price is around RMB 4000+ drop 5%. I think is posed for rebound...

pandai pandai lah if you trade...do not blame others or fight here.

My average price is around 55sen.

This forum is to share info...

my purpose to give reference to readers for reference prices. If you chase high, risk is higher as all these sifus normally purchased at low price. You are less likely to lost money if you buy low...

SSlee said he bought yesterday... his average purchase price also around 53sen.

KYY purchase price is also around this range...

i think Sifu OTB average purchase price is about 52-54 sen. He said he bought at around 50sen and 58sen, in around 2 batches(from i can remember in i3 posts, got no time to check). Current price

Cannot afford to lose money, better don't touch commodity stocks...

chase high don't blame others. Should learn from haha Sslee buy low sell high...Did OTB con SSlee?

Share investment is full of uncertainties esp commodities related stocks...

limit up...
2 days gain 50%. very happy

Haha sslee, congratulation... your investment performance is fantastic this year.

What is the basis you buy Hiaptek?

recovering will be fast and furious as already dropped by 25% in just 2 weeks...

https://finance.sina.com.cn/futures/quotes/RB2201.shtml

Above is real time china rebar website for reference

Haha, sslee in hiaptek at right timing

China rebar real time future price. Rebound 1.4% now...

today china steel and aluminum stocks recover strongly

I believe current price is bottom now. Many steel mills are making loss due to high energy and transport costs...

https://finance.sina.com.cn/futures/quotes/RB2201.shtml

China rebar real time future price. Rebound 1.4% now...

i think good results will only be reflected in quarter ended 31 Dec 2021

Purebull sifu is chun, most of the time, to see super trend


..................................................................

PureBULL ... The STRONGEST stocks now on KLSE r
GENETEC, SAM, HONGSENG, BSLCORP


Focus on these, the next coming strongest stocks:

a. MPI looks ready to rock this time.
b. PMBTECH, needs to recover to > 1st HH = 1298, i.e. from A2 back to A1 stock again for uptrending.
If YES, see.pay.ho.leow bcos SILICON biz with increasing ASP, could just be as big as pmetal's Aluminum biz.
c. BPPLAS, on watch list.

The world transition from coal to clean energy. These 10 years transitions mean energy will be expensive...

PMetal mkt cap is about RM 45b currently, increased from RM 5b in 2015. Will PMB Tech mkt cap grow to RM 10b from current RM 2.7b?

https://www.reuters.com/business/cop/china-coking-coal-futures-track-spot-prices-higher-snap-five-day-losing-trail-2021-11-03/

Commodities recover in China. Anyway, do not overbought commodities as it is very volatile and cyclical in nature. However there are some with multi bagger stocks in commodity like Pmetal, where mkt cap is mere RM 5 b to today's RM 45b

Wind power and solar power station will need steels also.

Last time one coal power station can produce about 1200MW power, how many wind power and solar need to generate 1200MT?

Press Metal Mkt Cap : 2015 RM 5b, Current Mkt Cap RM 45b

Must not forget PMB Tech... Pmetal sister company, silicon producer, current mkt cap about RM 3b only. Also have another 2 stages of expansion plan to double the capacity... Will it become next Pmetal?


Hiaptek, expansion plan from 700kMT to 1.5m MT next year...

Hiaptek expansion plan...

“Following the completion of the new coke oven plant by the second quarter of 2021, which will further reduce production costs, the group aims to increase Eastern Steel's production capacity from 700,000 tonnes per annum to two million tonnes per annum by 2024, ” says Foo

https://www.thestar.com.my/business/business-news/2020/11/28/worst-is-over-for-hiap-teck#:~:text=%E2%80%9CFollowing%20the%20completion%20of%20the,by%202024%2C%20%E2%80%9D%20says%20Foo.

https://research.rhbtradesmart.com/view-file/hash/5156292185449663460c6d303b97ff?NO_CACHE=c070eae4985a439e43c9324dbbe999c0

i think OTB is betting that there is fundamental change in steel supplies over long term due to china cut down non efficient steel mills due to environmental problems. Look at Pmetal, also in commodity, its mkt cap has increased from a mere 5b to today's near to 50b. Hiaptek also has such growth potential... and malaysia has two cost leaders in steel rebar mills, ie Ann Joo and Hiaptek's Eastern Steel.

the coal price has dropped low enough (after limit down for almost 10 days) due to china govt intervention. After this is over which is imminent, other commodity price will recover

don't like PMB, there are so many shares to buy in bursa as today fire sales...

why sorrrhai here and there...

Today is a good time to buy shares...

https://www.reuters.com/article/asia-ironore/dalian-ferrous-materials-fall-on-lean-demand-coal-price-controls-idUSKBN2HM109

Hiaptek's Eastern Steel got tax exemption so its impact is very minimal. Only trading arm is affected. Can trading arm make more than RM 100m profit per year?

PMB profit is tax exempted for 5 years or 10 years ( cannot remember) as it is operating under Sarawak green zon ( Just like West Msia East Corridor which needs to attract new investment) per RHB's Press Metal. So it is not affected

http://www.sunsirs.com/uk/prodetail-927.html

Spot price is still RMB 5000+

Futures drop to 4600, futures are more speculative in nature and higher volatility.

my guess is this round of adjustment will be over in one or two days...

After attacking people, getting happier?

Can attacker recommend any good stocks to look into? Commodity is volatile and high risk investment. Cannot stand, then just buy consumers products, more stable and return is about 5% to 10%...

attacking people here will not make you richer...

Pls do not attack OTB. At least he shares his views, agree to disagree. If you don't like no need to read. I am sure he provides readers here a lot of information. At least also respect old man if you really don't like. The same goes to KYY...

KPMG world revenue USD 29.22 billion (Year 2020)

EY World Revenue USD 40 billion ( Year 2021)

They called them shop lot auditors

How much is Serba revenue?

Group MD and CEO Datuk Dr Mohd Karim Abdullah said the SIR auditor, Ernst & Young Consulting Sdn Bhd (EY), needs the company to clarify a few things before proceeding to release its audit findings.

He added that the questions raised by EY were related to operational matters as business conduct differs across countries Serba Dinamik has operations in.


All auditors either KPMG or EY don't know their unique business ke?

They need to find non shortlot auditors then only know how business is operated...

Same stories...

After SIR report out, then we know who are shop lot auditors, who are shop lot directors...

haha, good news will be disclosed fast, bad news...you know i know lah...