Brothers and sisters in all or any court's decision which is material( in short material litigation) for or against the company and litigants such matter has to be immediately announced on the public domains to the public investors.That is provided for under the SEC-Securities Listing Laws and Bursa Public Listing Rules.
2.Please share such court's outcome if ONLY one is in possession of the validated news and not hearsay which is totally irresponsible and reprehensible.One has to know stock prices are sensitive to any news announcement from the public domain.
3.Also bearer of such news if later found to be false can be sued by investors.
Consequently,used this open platform to share and post news/comments responsibly and with due care.

"Gong Xi Fa Cai"

How can investors support such mediocre company? They have an almost monopoly on media and broadcasting rights.Years after years.But they have been too complacent enjoying such protection that they failed totally in managing the company performance properly and financially.
2.At time even investment bank or institution can be markedly wrong in their investment choices.If not how to explain Lehman Brothers collapse about TEN years ago!.
3.Investors have been banking on false and lost hope.
4.In the meantime better to preserve your capital and re-look back at the counter comes April-May; election theme.But then only for temporally.Even the present price is too expensive.Should have trend lower without MS buying support.Something badly missed- MS has failed in this investment choice:-(((

1.The last three QRs announced were worst as compared to previous y-o-y QR.
2.Does not expect this coming QR to be any better.
3.With the GE-14 most probably in Arpil-May 2018 before Ramadan(another about 81 days to go) expects temporarily support but it won't be sustainable.
4.Ultimately it is the company's FA that drives and supports the stock price.
5.Consequently,the stock is highly speculative.If one is punting on the stock don't be greedy.Take profits if enjoyed reasonable returns.

Buy at your own risk.The choice is yours to make:-)))

Basing on past QR announcement the results were announced between 22-27 February 2018. If one were to look at the price momentum charts the coming QR(anytime now...) will be reasonable good for the company.
2.Global equity markets' sentiments were somewhat influenced by the Dow Jones Index Averages(DJIA) drop after the release of the Federal Reserve Bank minutes of meeting - more rates increase on the book.
3.My deduction: This year will be a remarkable year for most steel counters barring any global upheavals from the economic and geo-political fronts.

Happy investing:-)))

But according to global news reports President Trump is seriously and actively considering the proposal by The Commerce Department to impose stiff tariffs and other punitive trade measures on the importation of steels and Aluminium to American market.
Consequently :

1.China has warned that they will retaliate any of such US actions.Aftermath tit-for-tat bad for global equity confidence?;
2.Japan government had warned such actions go against the spirit of the global free trade practices.
3.Nippon Steel has warned that if US go ahead with such actions cheap steel products will flood the other markets in the region.

My questions:
A. How will it affects our local steel companies if such US proposed actions are implemented?
B.How will our government respond to such global development?
C.Among the Big Four steel companies which of them exported to US markets or other global markets?

Gong Xi Fa Cai.

But according to global news reports President Trump is seriously and actively considering the proposal by The Commerce Department to impose stiff tariffs and other punitive trade measures on the importation of steels and Aluminium to American market.
Consequently :

1.China has warned that they will retaliate any of such US actions.Aftermath tit-for-tat bad for global equity confidence?;
2.Japan government had warned such actions go against the spirit of the global free trade practices.
3.Nippon Steel has warned that if US go ahead with such actions cheap steel products will flood the other markets in the region.

My questions:
A. How will it affects our local steel companies if such US proposed actions are implemented?
B.How will our government respond to such global development?
C.Among the Big Four steel companies which of them exported to US markets or other global markets>

Gong Xi Fa Cai.

Great thanks to @STC1136 & Albukary for their fast responses.Hopefully the steel counters' prices can turned positive from next week...

Well,looked like there other pertinent market factors that forumers may have missed out!.Otherwise how to explain the ASP is up from the lower range and has stabilised since the beginning of this year as disclosed by Edward123(with thanks).Maybe or is it because of:
1.Increase in gas prices for steel smelters?
2.Other new production capacity coming on stream-increased competition?
3.Increase of price for graphite electrodes and increase cost burden to steel smelters?
4.Others- regulatory,export restrictions,exchange rates,slow rollout of mega-projects,pending GE14...?

One or cumulatively may have adversely influence the price movement for the steel stocks.I am still finding for a right answer...

Just watch tomorrow trading pattern.Tomorrow is that ultimate last day for year 2017 before new year 2018 dawned on next week Monday.
2.Basing on past trends and trading movement most of all KLCI's index counters will be pushed up towards the closing minutes for end-of-year window dressing.
3.Then when the market re-opens on Tuesday,2 Jan 2018 many of such index counters will drop back.
See whether you as an investor can catch the tail end highest price to sell.
Will watch raptly the market trading tmrw.
Happy New Year and take care.Hope for better shiny days ahead of us:-)))

Just watch tomorrow trading pattern.Tomorrow is that ultimate last day for year 2017 before new year 2018 dawned on next week Monday.
2.Basing on past trends and trading movement most of all KLCI's index counters will be pushed up towards the closing minutes for end-of-year window dressing.
3.Then when the market re-opens on Tuesday,2 Jan 2018 many of such index counters will drop back.
See whether you as an investor can catch the tail end highest price to sell.
Will watch raptly the market trading tmrw.
Happy New Year and take care.Hope for better shiny days ahead of us:-)))

Just watch tomorrow trading pattern.Tomorrow is that ultimate last day for year 2017 before new year 2018 dawned on next week Monday.
2.Basing on past trends and trading movement most of all KLCI's index counters will be pushed up towards the closing minutes for end-of-year window dressing.
3.Then when the market re-opens on Tuesday,2 Jan 2018 many of such index counters will drop back.
See whether you as an investor can catch the tail end highest price to sell.
Will watch raptly the market trading tmrw.
Happy New Year and take care.Hope for better shiny days ahead of us:-)))

Please put aside and STOP the profanities in this open forum.Anyone can beg to differing his or her views but by all means put forth your counter -point in a civil way and manner.By shouting profanities which were uncouth will not make one respected by the rest of the members.

Wire rod is a rolled alloy or nonalloy steel product, produced from a semi (e.g. bloom) and having a round, rectangular or other cross-section. Particularly fine cross-sections may be achieved by subsequent cold forming (drawing). Wire rod is wound into coils and transported in this form. .

http://www.themalaymailonline.com/money/article/north-sea-oil-deliveries-halted-in-first-force-majeure-in-decades#1iq2dv5sDmKRCj4P.97

http://www.themalaymailonline.com/money/article/north-sea-oil-deliveries-halted-in-first-force-majeure-in-decades#1iq2dv5sDmKRCj4P.97

Takeover price is at RM 3.18.So why the hurry to sell at 3.18.The stock price will move higher towards the offer price.Just wait for further development.

There are several factors in play:
1.Property sector sluggish- a lot of overhang of newly built units.
2.Mega projects roll-out slow.Waiting for post GE14.
3.Federal Reserve Board,USA on target to increase their monetary rate.If that happens more outflow of foreign funds from our local equity market?
4.Presently,Bursa caught in the bearish mode.

Mediocre result.Ought to have done better.:-(((

Anyone knows why the steel counters all drop in today market trading ranging from 4-8 cents???

Presently,our market sentiment is no good and can reasonably says poor.My mentor who had been in stock investing for more than 30 years cautioned me to stay away from the share market Bursa because of the prevailing and lingering uncertainties towards the calling for General Elections 14(GE-14).He advised to only invest back after the GE-14.Just to share.

Presently,our market sentiment is no good and can reasonably says poor.My mentor who had been in stock investing for more than 30 years cautioned me to stay away from the share market Bursa because of the prevailing and lingering uncertainties towards the calling for General Elections 14(GE-14).He advised to only invest back after the GE-14.Just to share.

@FGV_ looking into the company historical records on AGM and QR announcement for the past two years in 2015 and 2016 the company's QR were made on the same day(evening) and after the AGM which is held in the morning.Since the AGM for this year is 28 Nov,then the company QR will be in the evening same day.Hope that clarified..

@taepodong5 can somewhat agreed with you.There are still a number of legacy issues which are negative to the company that have yet to be resolved with firm hands.Moreover MSM's QR will still be sub-par.Will take sometimes for the positivity to comeback to this share counter before it can surpass the previous price level reached.

2.Normally,in most cases the market can anticipate what will be the QR outcome be like even before the announcement is made by the BODs.

Good luck and take care.

One has to read between the lines and all the lines in the Annual Report(AR) for you as the investors to make the correct decision or determination.
2.If not sure of the implications one can check with your share brokerage dealers or share your anxiety through this useful and open forum.
3.Needs objective facts,information and analysis to make the right determination.
4.Agreed there are many learned steel experts in this forum.
5.My determination is that the bull run for the counter is still intact.If there is any adverse news development the company will have issued an investors' alert publicly when the AR was published.

Let's cool heads prevail.Good luck and take care:-)))

When in share investing one must not be overly attached with the counter that one had bought.Once the fundamental of the company as announced is sub-par and the share price had earlier overshot the fundamentals, damage control- locked in gain or mitigate loss must kicked in.The longer one take to response to the news development the outcome will be more costly to the investors.

Cast aside emotions when the development is not positive for the company:-(((

Just going to the basics of investing:
1.The stock price has simply overshot the anticipated better result for the company.Just simply following PMetal price trend.
2.But unfortunately the 3QR is not as goos as expected.Cumulative profit to current date is just RM 7.763 million and the Price/Earning (P/E) is too high at 28.29 when the average is around 16-17 for industrial sector.
3.Thus the price has to equilibrate and finds the correct level of support.

Outcome: Expects the price to come down to a reasonable level around ~RM 3.00.

@s3eve will be somewhere between 11-21 November.Last year the 1QR was released on 14 November.
Cheers,time to accumulate:-)))

But the latest corporate proposal is no good for the company.It destroys the intrinsic worth of the company value.That caused the stock price to drop after the announcement was made.Better to avoid such stock when the company is not safeguarding the investors' interests.There are better stocks in Bursa to punt and invest.Good luck:-)))

Using google translate Apps to understand on @erkongseng post which was in Mandarin:
1) the largest oil exporter of sand king has been open, there is no oil production problems, Saudi Aramco listed.
2) Iraq, Iran, Libya, Nigeria, Venezuela and other geographical, civil strife problems, so that some pause in production.
3) the world's first and third oil consumer (China: more than 8 million barrels per day, India: more than 4 million barrels per day) of the economy to the good,
4) Opec's cut was extended to the end of 2018

Hope the translated post is useful:-)))

@Winmore88 yes somewhat agreed because from the stochastic an early signal to buy the stock was shown.Normally the trend momentum will move ahead of the price move.The trading volume today is also healthy.Barring any adverse news the stock price will trend higher.
Just to share.Good luck:-)))

@TomyamGong I wish I can be as optimistic as you on the current stock price outlook.By basing on the Technical Price Charts readings-MA,MACD,RSI,stochastic have not supported any price reversal to the upside yet.Today up by 2.5 cents does not mean the positive trend will continue.
Expect the price trend will continue within the narrow range +- 1-3 cents unless the trading volumes perked up to allow the positive uptrend to be sustained.
Just to share.I may be wrong:-)))

@fortheemprah EPF as one of the largest local institutional funds will buy,sell and dispose in accordance with the stock and market trend and momentum.Not just for AMMB but many other stocks that EPF has invested in.Our local institutional funds are unlike many other their counterparts from overseas where their holdings will be kept invested for long -term.Don't get overly anxious even if EPF is selling the stock.Many occasions they made a wrong call or decision and the stock price shoot up after the selling is made.
2.We as the retail investors must know what we are buying.Avoid the herd mentality and make good choices.That will make you feel confident on the stocks that were bought.
Good luck:-)))

@Beahuman even though some of the members may post in Mandarin,Arabic,Japanese or others that will not stop one from understanding on the information conveyed or posted.With the Apps tools so ubiquitous nowadays a non-Mandarin member can copy and past on the open page for Google translate Apps.I have done that a number of times by taking the initiative.
2.One can differ in the language conveyed but that is not a barrier.To pass the remarks "China babi" is truly uncouth uncalled,and uncivil.That reflects on the person poor character.
3.Hope we can keep the open forum to accommodate diverse views and opinions.

Yes,the stock price consolidation will continue for awhile.The price trend is almost similar to MRCB when it announced on the RI.

Expect the stock price to trend lower for awhile until post ex-date for the WCT-WD warrants.The warrants maturity date is 11 Dec 2017and the exercise price is at RM 1.71 in the ratio 1:1.That to prevent the previous shareholders from exercising at the profits.
2.The Private Placement (PP) exercise announced comes so close to the WD maturity date.It is not a mere coincidence.But a defensive strategy deployed-that is to strengthen the major shareholders grip on the company and as what other forumers have said correctly to allow them(proxies or nominees and friendly parties) to average down their holding price for the stock.
3.Will wait to collect and buy until passed 11 December 2017...

That is my analysis...it may turn out to be not correct.Just to share:-)))

Expect the price to recover somewhat next week after the last-minute sell-down last Friday which comes unexpectedly:-)))

Unless the daily trading volumes perked up the stock will trade sideways. Pending good corporate news if any then the price will move upwards.Otherwise, it will take sometimes for the RI to settle down before any price uptrend takes place.:-(((

@eYuppie suggests you wait awhile until things settled down first.Technical Price Indicators have not shown any price reversal to the upside yet.Why not wait at the next QR announcement which will be around mid-November and decides from there.Maybe you can collect even cheaper.
Cheers:-)))

@meistsk3134 unfortunately my analysis was turned upside down by the last ten minutes trading dump of AMMB stock.It not only happened on this stock today but likewise on Sunway,Air Asia...
Why they want to do that?Something that I am trying to understand on the market psyche and the emotional action of the day traders or whoever they may be.
Anyway,have a restful evening and we hope for better days ahead towards Budget Day on this coming Friday,27 October 2017.
Take care.Cheers:-)))

The stock is presently caught in the overbought situation.Until such time when the weak holders or buyers of the stock are shaken out and the signal line on the RSI chart hovers on the neutral zone the bullish momentum can resume again.Or if the trading volumes increase.Unfortunately,for the last four trading days the volumes done were low.
2.Barring adverse geo-political situation coming out from North East Asia the coming Budget on 27 October 2017(which is next Friday) will provide the necessary catalyst for the stock to move higher.High probability:-)))

But in the interim nothing has changed.The contribution from the latest new project will only be accrued from 2 August next year. The group said the contract will commence on Aug 2, 2018, and is expected to be completed in 30 months, by February 2021.

@siewnam agreed somewhat because of the adoption and implementation of Basel III and MFRS.Bank Negara-our central bank has announced that the implementation date will be deferred from 1 January 2018 to 1st January 2019.
2.The impacts on the local banks especially the medium size ones have yet to be ascertained.The bigger ones like Maybank,CIMB,PBB are well prepared on such eventuality.

Expect the stock price to trend lower basing on the Technical Price Charts and Indicators.

Hehehe...MS is like EPF,KWAP,TH and the others.They buy and sell in the marketplace when they can profit from such transactions.If I am in their shoes I will act likewise.We just go with the flows and using the Technical Price Charts to guide us in our investing decision.
Good sign that the geo-political situation in North East Asia is stable the last few days.
Also even with the Bursa Index caught in the bearish trading mode Media counter looks well supported.
Hope the stock price will perk up by +3.0 cents tmrw before the weekend.Cheers;-)))

Expect the price to drop further within a narrow range +-1-3cents with the weak holders of the stock shake-out.Only with the Signal Line on RSI chart moves below the neutral zone the price recovery upwards can happen.Presently,the stock is overbought.

@Sammy300 the old boss can buy through nominees which no one will know.Surely,they will know the intrinsic value of the company if ever they were to buy back through their nominees.In corporate world trust is not cast in stone.It is a brutal world out there where money reigns.

Normally in such Private Placement(PP) exercise it is unfavourable to the retail investors.It is more for the greater interest of the major shareholder of the company.In the interim the stock price will hover down until such PP exercise is completed.No immediate catalyst to cause the price to recover in the short term period:-(((

Time for Ekovest to be completely detached from IWC.Presently,when IWC is up will correspondingly cause Ekovest price to follow suit and otherwise.
Wanna,with Ekovest anchored by the number of construction projects that have already been booked the stock performance should be better!

Expect the stock's consolidation mode to still continue for awhile.No positive signal yet for the positive price movement.

@mamakspecial somewhat agree with your view.It has been the trend that after the bonus issue (which has the diluting effect on the EPS) the price support will trend lower and needs to consolidate for quite sometimes.Similar thing happened to GKent,PMeta,Pestech,Mieco and the rest.
2.After ex-bonus the stock price has been trending downtrend.
3.It can be seen in the Technical Price Charts -MA,MACD,RSI,stochastic which show the bearishness for the stock price.
4.The next QR will be announced somewhere 25 Nov.

Outcome: Expects the down trend to continue for awhile and consolidate within a narrow range +-3 cents.Any positive corporate news from Sunway will be supportive of the stock price.