happycool, agreed with you.
This volcano has been slept for more than 3 years.
Look at the chart, so beautiful so powerful.
Look at the volume for past 2 month, so powerful.

The disposal of SILK Highway has been officially completed. SILK has received the final payment of RM342 mil from PNB on 28 April 2017.

Mrpauper, don't worry, sure SSTEEL can achieve higher EPS next quarter. Because majority of Mar'17 order has been carry forward to Apr'17. However, this year Hari Raya fall on June, and Puasa Ramadan start from end of May. Hopefully the Puasa and Hari Raya don't affect the production too much.

chl1989, yup, investor need to paid attention to the dilution of the LB. For Lionind, I have less confidence on its management, worry they manipulate the account, or announce some corporate exercise which not fair to minority shareholder.

Stay cautious, the recently announced two good news are traps.
If you are lucky, then you may make some money from the buaya.
If you are unlucky, then most likely you will be trapped.

Hi author, can I ask you a question?

I believe you should see many example where the subsidiary worth more than the Holding company (i.e. INARI & INSAS, Berjaya Subsidiary & Berjaya Corp.....etc).

So why are you still betting on Censof?

why this Mr Chu hate Airasia so much?

Currently, Digistar has 6000 user for CMS subscription.

If we assume there is additional 500 user per month, then 1 years later there will be additional 6,000 user, and total user will become 12,000.

If we assume each user only incurred RM100 per month, 12,000 user mean RM1,200,000 per month, or RM14,400,000 per year.

If we assume the operation cost for this business is 40%, then there will be additional RM8,640,000 net profit per year.

Interesting counter...

Calvintan, Digistar used to be your darling.. When you wanna come back to visit her?

Good to see another strong hand here --> Up_down

my3333, please don't contra... If you buy, please aim for medium long term..

Leoting, are you in one of the 50 top shareholders? Kikikiii

Washing out weak player...
Those who stand until the last will win.

Yup, no point to sell.

SSTEEL have very limited free float. Once sold, cannot buy back anymore.
It will change from weak hand to strong hand.

This is a industry with 3 years bright outlook, why sell now?

Wow, really hit TP RM1.60.

But my sify ask me don't sell, he said this year is bull run year, any stock you sold at today highest, it will become tomorrow lowest.

He mean stock price will definitely go up, so don't take profit on good fundamental stock.

Last chance to buy SILK.... This weekend The Edge may cover it, so next Monday will fly another round.

Received message from Whatsapp group, today TP RM1.60.

SSTEEL的股息好有诚意，昨天才宣布，下个月16号就除权，6月1号就进口袋了。
不像其他的公司，4月宣布，6月除权，7月才拿到股息。

说的对。其实要涨很容易， 只要董事提出建议派发股息1.5sen，那股价就站稳在30sen了。

Let me share some facts & figure here, then you guys decide whether it is a good investment or not:-

1) The PNB offer is not only RM380mil as many newspaper announce.
The actual purchase is RM380mil + RM20mil. If you refer to the Circular to Shareholder dated 6 March 2017, paragraph 2.3.2, it mentioned that PND will pay an additional RM20mil to SILK Holding within 6 month from the date of completion.


2) Yesterday the auditor has raise their opinion on going concern of the company. But this worries can be immediately mitigate once SILK received the RM380mil + RM20mil. So no more going concern issue to be worried.

3) The estimated gain from this sale proposal is RM365mil, which turn out to be EPS of 54sen.

4) The NTA will be increase from 16sen to 70sen.


Beside that, please note that Jasa Merin is one of the biggest OSV Support provider in Malaysia, and it has the youngest fleet compare to other.

TP: RM0.80

And again, feel appreciate to have Leoting to provide us the first hand information.
As a value investor, something it is very lonely, because there are less investor here, compare to those hot hot goreng counter.

Generally, ANNJOO already enjoyed its bull run.
But for SSTEEL, investor are stay aside because they worry the profit is not sustainable.
However, with continuous 3 quarter strong profit, plus the long wait dividend, the market confidence will be back, and it is time for SSTEEL to catch up ANNJOO.

Two points:-

1) Interim Dividend -- That mean next quarter still got another final dividend.
For institutution investor, dividend is always the key factor for them to decide whether to invest on the stock or not. They don't mind the stock price cannot go up, but they are more concern whether the stock got dividend or not. Because dividend payment can be utilised to cover their operation cost.

2) Miti Safeguard - As all the industry player aware, many buyer has reduced their stock order significantly on Mar'17, betting on MITI to remove the safeguard. Unfortunately, MITI has extended the safeguard for another 3 years. Once the news come out, many buyer immediately place their order in double quantity to fill up their stock. This huge order will be reflected in next quarter, so very high chances next quarter SSTEEL can achieve RM900mil sales.

Look at SSTEEL result, I think ANNJOO shareholder can relax goyang goyang waiting for money fall from sky d.
Guarantee minimum 9 sen EPS.

When Datuk will announce how much he has accumulated in the past few days?

After dispose SILK highway, SILK at least worth RM0.80

PERHAPS TAN TUAN PHIN IS CALVIN TAN

Buy before too late..

OMG, Tan Sri Kuek Leng Chan is in the midst of accumulating SSTEEL stock

希望总是藏在绝望后面
皇天不负有心人
天宫疼gong人

目前--》瘦田無人耕
希望--》耕開有人爭
人家没基本面的股都翻倍了。
我的却还在原地打转。

Market continue to bullish this week..
No more selling pressure..
Another round of pushing..
No more chance to load more d..
This round will push to new high for 52 weeks

gwansoo, I mean since ANNJOO is a big player, if suddenly ANNJOO stop purchase scrap steel, then sure market got a lot of free capacity, especially for Northern Market, because Northern only got SSTEEL & ANNJOO.

CSCSTEEL is a very good counter, it has RM270mil cash in hand.
With this amount of cash, it can buyout the entire MYCRON STEEL, and monopoly malaysia flat steel industry.

Ya, donno what they think.
At one thought you want to be retire earlier & financial freedom, at another thought you plan to buy a bigger house for own stay, and increase your debt again.

So when can you retire?

my humble opinion:-

Previously when Iron Ore are at very high price, both ANNJOO and SSTEEL are fighting for purchase of scrap steel (from both local & oversea), and these caused the scrap steel price increase sharply.

Now, Iron Ore price has came down, and ANNJOO start to use Iron Ore as their raw material, instead of scrap steel. In other word, the demand for scrap steel suddenly drop (as ANNJOO is big player), so scrap steel price should be soften, and SSTEEL should be easier to get more scrap steel (no longer need to fight with ANNJOO).

If you look at SSTEEL balance sheet for the last 2 quarter, you will realised that its trade payable has reduce substantially, while short term borrowing has increase substantial. It mean company has raise debts to settle its trade payable.

Why would company do that? In common sense, trade payable is interest free, while borrowing has to pay interest, so no company will raise debt to pay trade payable.

Now I know the reason, it could probably due to:-1

1) Due to the competitive environment (fight for scrap steel), SSTEEL has promise shorter payment term with its supplier.

2) At that time SSTEEL foresee US will raise interest rate and ringgit will be weakening, so SSTEEL quickly settle all its trade payable which is in USD.

Why will give cash, cash is king..
MUI got 2,932mil share...
Why don't announce a share split, make it 6,864mil share.
Then allocate 1,000mil share to syndicate, plus 30mil cash for them to goreng, goreng the share kaw kaw, goreng it till RM1 per share.
Then give the old lady 355mil worth of RM1 share ( which is approximately 5% of MUI only).
After give, then let the share price plunge, from RM1 drop to 10sen, then the old lady left RM35mil worth of share, plus 1000++ jimmy choo shoes

Leo大，真心谢谢你在这387天提供的知识，从你身上学会了很多。

clieman, yup, 99% CT is JM

Leoting is one of the forumer / blogger I respect, all his article has contribute a lot of knowledge for me. So please don't bad mouth on him, i don't want to see another good forumer left the forum.

If you wan to bad mouth, you can bad mouth on KYY, because his article really useless, always repeat how much he earn from VS, Latitude..

Calvin, you are not familiar with Harrison.

You donno what happen on the Kastam incident?
You donno why Kastam go after Harrison?
You donno what Harrison has been done until it get caught by Kastam?
You donno what is the impact after it being caught by Kastam

If you know all these, then you won't buy Harrison, as it will never go back to its glory times.

" Exciting Times Ahead"

This was the title that Mercury Securities used when it write the research report on Digistar.

eresearch.bursamalaysia.com/download.aspx?id=19224&type=research

Look at Digistar 5 years chart, so beautiful.. Extremely BULLISH.
The uptrend sure come...
Mini Term: RM0.25
Short Term: RM0.30
Middle Term: RM0.40
Long Term: RM0.60

Repeat gain, LEONFUAT will be the next PRESTAR, it will surge to 90sen level

TMMC, I can't sure until the announcement made. But judging from the transaction pattern, I'm quite sure Datuk is buying.

Lchits, you own a lot of Digistar? If you have own it for around 4 years, then your cost must be around 30sen.. Have you average down? Why you don't want to sell when it rebound? Other than Digistar did you buy any other stock?

No need Candy B+, what we need is OT B

Lchits, yup, Dato is buying.. Seem like you also very familiar with his style.

Lk036, sometime if a share continue to drop, then your emotion won't feel like want to buy d.