With PH controlled the new company, it should be a very good news for all the steel company, reason being:-

1) Pretty sure that Government will force all the construction project (no matter the contractor is local or china company) to use steel produce in Malaysia.

2) Pretty sure the Government will monitoring the Alliance Steel, make sure it comply with the law that all its output is for export purpose, cannot sell to local market.

Lionind products are mostly direct supply to those government link company.. my guess.

Haha.. good. Better drop below RM1
, I am ready.

Uncle CP Teh, who tell you this DOLPHIN is a Stationery Counter? This DOLPHIN is Palm Oil Engineering Service company, it is different from the Dolphin Brand Stationery that you see in Popular Book Store.

Calvin, can you open a new topic with the title below:-

"Which counter will be benefited if Pakatan Harapan win in GE14, and also which counter to be avoid if Pakatan Harapan win in GE14"

The reason why I ask you to open this topic is because whenever I saw any topic related to GE14, it always tell people which counter to buy for GE14, and those author always assume Barisan Nasional will be the winner. For example, their top pick always is FGV, MRCB, KUB.... all the UMNO link counter.

Therefore, I need someone wisdom like you, to share your knowledge and opinion on the opposite thought. For example, if Pakatan win, the who are the Mahathir previous crony that will be benefited? Mahathir's son still holding which counter? If GST abolished, will consumer and car industry benefited? Which project will halted if BN lose? .....etc.

Really hope you can open a topic like I suggested, and thank you in advance first.

Since we can foresee any outstation citizen cannot come back to vote, so those who stay in home town must go to vote without any excuse... Otherwise, your country will have no more hope.

TP RM0.60

Now market economy so bad, many new start up business cannot get loan from bank, so they apply loan from P2P.. As the economy is very bad now, I can foresee many new start up business will facing cash flow problem (as their debtor will drag their payment, it is a chain effect), and I foresee many P2P borrower will start to default their monthly repayment.
So becareful.

Edward bro and Leoting Bro, since both of you are involved in the steel industries, do you mind to share with us the current Malaysia steel market status:-

1) Are the demands still strong? Previously the demand is very strong, many Steel Factory operate 24hour shift to meets the order, and some factory like SSTEEL even stop produce certain model, only focus on the popular model. How about now? From what I observe, property development has drop a lot, but infrastructure project are very hot. But I'm not sure which one comsume higher steel.

2) Last year, after Malaysia Government impose the tariff, many steel importer has reduce their order to import from China, the switch and buy directly from local producer. Subsequently, when China steel price rise above RMB4000, almost all import have been stop, because the China steel price is too high, totally cannot compare with local produce steel price. But recently, China steel price has drop from RMB4600 to RMB3500, and it seem like the price is competitive against local steel price, so has these steel importer start to order from China again?

3) Anyone know the latest status of Alliance Steel, has they start production?
Also, has Lionind resume its Johor plant?

I think this is typical pump and dump.
After KYY visit to UAE, he n his team start accumulate the share, from 69sen all the way to 90sen. Then today he publish this article to encourage you buy, if you buy, u think who is the seller?

After TSH, now Boneschythe.. who will be the next?
KYY? KIM? OTB? TYY?

what movie is this?

STC1136, I agreed with your calculation, but disagreed with your reason.

For me, the major reason that cause China Steel Price drop is not because of US Tariff (I think this only cause 30% of the dropping), but is the Inventory that those Steel Traders built up during the winter season.

Traditionally, China Steel Trader will always built up their inventory level during winter season, as they expect after Chinese New Year, all construction work will begin, and demand will come in in huge wave, and they can make a lot money of money when demand > supply.

However, something change this year, the demand after CNY didn't come in very slow, slower than anyone expectation. So some trader that cannot stand the financial stress start to selling their stock at below market price.. then this has impact the entire industry, and more n more trader start throwing their stock at below cost price (i.e. their cost price around RMB4000-4100).

This situation will be end sooner or later, once those traders reduce their stock pile to a comfort level, once more n more construction start work (coz their weather is cold, certain contruction side still havent resume work), the demand will surge above the supply, and price will be back to a comfortable level (RMB4000).

Haha... I loss too much on Digistar d, must talk bad about Datuk Wira.

Everything is good, except Datuk himself.

This guys is an old fox, will eat all the shareholder meat slowly. Two month later another private placement at 8 sen, 4 month later another private placement 6 sen, then 9 month later another private placement 4 sen.... then 1 year later right issue again... after right issue the ESOS to management.... at the end privatised at offer price 2 sen.

Based on my finding, the average Rebar price in USD is around USD870 per tonnes, while China rebar price is only RMB3800 (or USD600). After donald trump impose the 25% tariff, it will become USD750. Then add on the transportation, warehouse, admin, insurance....etc, around USD100 per tonne, then China steel price in US market will become USD850. Which is more or less same as the local steel price in US. That why now China steel price is around RMB3700-3800 level.

However, we can see that US Steel Mill start to raise their price, if US steel can raise their price to above USD900-920, that mean there is a room for China Steel Price to move up to RMB4000-4100.

My understanding of the impact of donald trump tariff:-

1) Short Term, US Steel factory production capacity is insufficient to meet its steel demand.
Once the tariff impose, the retail steel price in US will be increase, the the steel factory profit margin will increase. At the same time, the import of steel will be remain same or reduce a bit, because the demand is there. With the 25% tariff, Donand Trump government income will increase as well.

2) Short-term steel price will reduce, because all business stop placing their order, want to see how low can the steel price go. Once they realised their stock level reducing and the demand is still same as usual, they will place order again, and price will back to its original level.

2) Midle term, once the steel factory have stable profit, they will start expand their production, they will invest in new blast furnace, hire more worker, so will improve the job market. and the import will reduce substantially.

This CNI lost making for so many quarter, but still fork out money to sponsor Dato Lee Chong Wei movie.... Something brewing or something fishy???

Judge from its cash flow, it wont go bankrupt. It still have healthy cash flow, the big losses was due to the impairment losses on its vessel.

Mr OTB, I hope you can stand firm, I support you.

Please ignore all the comments from the old man, he is lonely and got nothing to do. Everyday he wake up check I3 and see write long article to shoot anyone against him. He got no friend, and his supporter also getting lesser n lesser, especially when many people saw his attitude.

Mr OTB, you have been survive in the stock market for so many years, and I can see you are doing very well. So I strongly believe your FA + TA methodology, and I do believe you have better "business sense" than many others.

Jia you!

although I'm not a Masteel shareholder, but after reading Mr KYY critics on Masteel, it really make me angry. This old man really old d, always talking non-sense... Maybe I shouldn't talk bad about him, but I sincerely feel the word he talk sound like a fool.

Someone throw SSteel, wait further n see any good price to collect more.

Yes, edward 123, I also bought SSTEEL since 90sen, all the way till RM2.40, average is around RM1.60, I am also do nothing.

I'm waiting Annjoo to move, once Annjoo move to RM4.30 -RM4.50 level, Ssteel will be around RM2.70 - RM2.80 level.

If ssteel suddenly announce some 10-15sen dividend, then it would be better.

If ssteel suddenly announce bonus issue 2:1, then even better.

come on come on... TP Rm1.54

Wow, this case is similar with the Icapital case, where the London Investment Fund buy a lot of Icap share and wish to kick out the Icap Founder Tang Teng Boo at the AGM or EGM.
Finally, the London Investment loss its vote, many shareholder still prefer the company to control by the founder.
Why? Very simple, because all the minority shareholder know that the London Investment will not run the company for long term, they just want to step in and eat all the meat, then leave the bone and runaway.
Similar to KYY case. I don't think KYY want to run the JAKS for long term (5 - 10 years), he just want to step in, cut all the money losing project, cut the operation cost, park in more future income, then show a pretty result for 2-3 quarter, invite many analyst to write nice report on JAKS with high PE (15-20 times), then sell all his share to public. Then after 1 year, he will announced that due to personal reason or old age, he will resign from the BOD, then u will start to see the earning start dropping, a lot of provision being made, impairment, written off.....etc.

The above is just my wild guess.

After study its QR, I deiced to stop buying LSTEEL, because its negative cash flow make me worry.

Steel price will adjust upward by 1st March 2018.

Thanks Amit, really feel goods to have you share your investment methodology in this forum.

Why Annjoo declare dividend but SSteel dont? I think maybe due to:-

1) confidence on future earning.
2) to pare down debt

For example, you borrow RM300k margin from bank, and you use the RM300k to invest in KLSE, and very lucky you have earn RM60k on Year 2017.

If you are very confidence on your investment skill, you will probably spend the RM60k to buy a new car, travel to oversea, buy a Rolex, because you know you will make another RM60k or more in Year 2018 again.

However, if you have no confidence on your investment skill, you will probable save the money, or use it to payback the RM300k margin loan, because you not sure whether you are going to make another RM60k profit in Year 2018, so better keep the money to prepare for any future uncertainty.

Hua Joshuaayoung, did datuk wira mentioned anything about the RM66mil lump sum payment?
And also, did Digista plan to distribute dividend?

anyone attend the AGM

Amit, what is your view on trend investment, do you categorise it as investing or speculating?

For example, Amy aware that currently market consumer trend like Milk Tea, so Amy closed its lemonade business and start its Milk Tea. After 1 years, Amy see its profit margin for Milk Tea business has dropped, and Amy foresee the next market trend is healthy fruit juice, so Amy closed it milk tea business and switch all her capital to start the Healthy fruit juice business.

In the above example, Amy is investing or speculating?

Very good article and very good example using.

After observing KYY for 3-4 years, my conclusion to his style is:-

1) When he announce he is buying, he already bought a lot, and will continue buy on it.

2) When he announce he is selling, he already sold a lot, and will continue sell.


He is not that kind of old fox that like to talk east do west. He wont announce selling, but at behind buying. So now when he said he is selling hengyuan, you guys better listen to him, don't pretend smart to guess he is try to cheat ppl to sell.

Although I am not sure Chong is a good guy or bad guy, but I feel the writer try to terbalik the entire story... As what I can recall (from previous newspaper reading), TPY is the one who cheat Chong. Initially Chong's Protasco is a good company with good prospect, but after being cheated, the entire company downtrend.

The above is what I can recall from my memory only, maybe I'm right or maybe I'm wrong.

BTW, why edward bro no longer come here to update the price?
Where are you edward?
Highly appreciate if you can come back to update the price again.

u still have 70% cash on hand, nothing to worry.

moneySIFY, last Q where got making loss?

As at 12;30pm, total trasaction volume for SSTEEL is around 1,000,000. Assume average trasaction cost is RM2.00, that mean total value transacted is RM2,000,000 only. ( I guess many investor in I3 has more than RM2,000,000)

BUT.. SSTEEL market cap has drop RM78mil (based on RM0.18 x 443mil share).

Seem very unfair right, someone just sell RM2mil worth of share, but it cause the entire company market value drop by RM78mil.

If tomorrow another group of panic investor sell another RM2 mil worth of share, will it cause SSTEEL drop another RM78mil ?

This is STOCK MARKET!!!!!!

No more CNY celebration, Angpow to wife reduce from RM5000 to RM50.

本人投资了15年，现在还在第7阶段，偏向长线交易，基本面投资。

lchits, 90% of the 66mil have been paid. I believe you will see a substantial reduce in their trade receivable.
Now my concern is why the management want to raise another 80mil, and the proposed utilisation of the 80mil make me worry.

No doubt HY is a very good stock, very solid fundamental.
However, if you are hoping it will rebound or uptrend in the near future (few day - few weeks), possible you might end up with disappointment and hand burn.
On the other side, if you are cash rich, have unlimited bullet to average down, and your holding period is minimum 3 months and above, then this could be one of the best golden egg in Bursa.

Who want to attend? Can help me to throw slipper + expired egg to the management?

Choivo, your theory is very interesting. It is good to see someone introduce new theory on stock market.
However, it somehow seem not not make sense in business world. Especially when you mentioned that the higher the bank borrowing / market cap, the better to speculate as bank is taking higher risk.
You need to understand that, most of the loan was taken prior to the collapse of oil price. Bank would not lend them so much money if bank knowing that oil price will be dropped so much.
Just refer to swiber, kinsteel, perwaja, all of them have very high borrowing, and they end up with bankruptcy.

Ireka wont bring wealth to its shareholder one.. Dont like their management style.

Choivo, your theory is very interesting. It is good to see someone introduce new theory on stock market.
However, it somehow seem not not make sense in business world. Especially when you mentioned that the higher the bank borrowing / market cap, the better to speculate as bank is taking higher risk.
You need to understand that, most of the loan was taken prior to the collapse of oil price. Bank would not lend them so much money if bank knowing that oil price will be dropped so much.
Just refer to swiber, kinsteel, perwaja, all of them have very high borrowing, and they end up with bankruptcy.

Hi Alandrake, the project has been rename to :-

"Centre of Excellence for Engineering & Technology (CREATE)"

You can google it, and you will see a lot of news / picture / JKR seminar held at that place.
It is a very nice building, and all JKR staff like to go there for training.

Edward bro, any new updates on steel price?

Good analysis! Thumb up!