Southern Steel 3Q net profit up 64%, pays 3.5 sen dividend | http://www.klsescreener.com/v2/news/view/378595

南达钢铁第三季净利劲扬64% 派息3.5仙 | http://www.klsescreener.com/v2/news/view/378603

Southern Steel 3Q net profit up 64%, pays 3.5 sen dividend http://www.theedgemarkets.com/article/southern-steel-3q-net-profit-64-pays-35-sen-dividend

Wow, buy steel stocks now.

https://www.bloomberg.com/news/articles/2018-05-10/hong-kong-s-high-wire-economy-keeps-balance-amid-fed-rate-hikes

https://www.bloomberg.com/news/articles/2018-05-10/hong-kong-s-high-wire-economy-keeps-balance-amid-fed-rate-hikes

USDMYR is expected to rise. Due to depreciated rinngit, export oriented stocks are good buy.

Export oriented stocks may get bullish due to depreciated ringgit.

Oil price is high.Ringgit will not collspse, so Malaysian stocks will not collapse, either. But stocks which were bullish in 2017 and have been bearish in 2018 may be worth starting buying.

iShares Malaysia MSCI ETF extends recovery from loss tied to Dr Mahathir's win http://www.theedgemarkets.com/article/ishares-malaysia-msci-etf-extends-recovery-loss-tied-dr-mahathirs-win

Construction stocks and ringgit likely to be focus | http://www.klsescreener.com/v2/news/view/377125

Ringgit likely to have short-term weakness after vote, MUFG says | http://www.klsescreener.com/v2/news/view/376473

國陣選情拉警報，加上希盟主席敦馬哈迪率先選委會宣布執政，岸外令吉匯率聞訊重貶，盤中貶至4.0477，較週二閉市的3.9910，貶了1.4%。

Qualcomm sets new US$10bil buyback plan | http://www.klsescreener.com/v2/news/view/376461

Malaysian ringgit weakens offshore after opposition claims poll win | http://www.klsescreener.com/v2/news/view/376459

Can the rally in the US dollar continue? | http://www.klsescreener.com/v2/news/view/375583

Can the rally in the US dollar continue? | http://www.klsescreener.com/v2/news/view/375583

HUAAN Is very bullish

Apple leads Wall Street higher | http://www.klsescreener.com/v2/news/view/375541

Oil surges past US$70, hughest in 4 years; US$ new 2018 high | http://www.klsescreener.com/v2/news/view/375543

Today Pentamaster surged.

USD/MYR 3.933

Automotive Semiconductors Open Stellar Opportunities
https://www.ebnonline.com/author.asp?section_id=1364&doc_id=283403

Jiangsu Shagang Group, China's largest privately-owned steelmaker, Tuesday said it would lift domestic rebar list prices by Yuan 130/mt ($20/mt) for the May 1-10 period.

This was the mill's second consecutive price increase since late April, and takes the total increase since then to Yuan 250/mt. Shagang's 16-25 mm diameter HRB400 rebar price rose to Yuan 4,070/mt, including 17% VAT, a mill source said.

Shagang also raised its prices for wire rod by Yuan 150/mt, taking HPB300 6.5 mm wire rod to Yuan 4,150/mt, including VAT.

Shagang's latest price increases were made following similar increases in domestic spot prices, market sources said. Spot rebar prices in eastern China had made consecutive gains over the past two weeks, in response to falling market inventories and strong futures prices.

S&P Global Platts weekly Jiangsu ex-works rebar assessment rose by a total of Yuan 230/mt in two weeks as of April 27 to Yuan 3,935/mt.
https://www.platts.com/latest-news/metals/singapore/chinas-shagang-raises-may-1-10-rebar-wire-rod-27969183

The China rebar price surged!!
http://www.sunsirs.com/uk/prodetail-927.html

Jiangsu Shagang Group, China's largest privately-owned steelmaker, Tuesday said it would lift domestic rebar list prices by Yuan 130/mt ($20/mt) for the May 1-10 period.

This was the mill's second consecutive price increase since late April, and takes the total increase since then to Yuan 250/mt. Shagang's 16-25 mm diameter HRB400 rebar price rose to Yuan 4,070/mt, including 17% VAT, a mill source said.

Shagang also raised its prices for wire rod by Yuan 150/mt, taking HPB300 6.5 mm wire rod to Yuan 4,150/mt, including VAT.

Shagang's latest price increases were made following similar increases in domestic spot prices, market sources said. Spot rebar prices in eastern China had made consecutive gains over the past two weeks, in response to falling market inventories and strong futures prices.

S&P Global Platts weekly Jiangsu ex-works rebar assessment rose by a total of Yuan 230/mt in two weeks as of April 27 to Yuan 3,935/mt.
https://www.platts.com/latest-news/metals/singapore/chinas-shagang-raises-may-1-10-rebar-wire-rod-27969183

The China rebar price surged!!
http://www.sunsirs.com/uk/prodetail-927.html

http://electroiq.com/blog/2018/05/global-semiconductor-sales-up-20-year-to-year-in-q1/

Global semiconductor sales up 20% year-to-year in Q1
http://electroiq.com/blog/2018/05/global-semiconductor-sales-up-20-year-to-year-in-q1/

The Phlx semiconductor index was up 1.73% yesterday

Apple delivers best-ever second quarter despite sales worries
https://www.theguardian.com/technology/2018/may/01/apple-second-quarterly-report-best-ever-iphone-x

US dollar index is very bullish.
https://finance.yahoo.com/quote/DX-Y.NYB/

US dollar index is very bullish.
https://finance.yahoo.com/quote/DX-Y.NYB/

USDMYR is expected to be bullish tomorrow.

USDMYR 3.9235
------------------------
The US dollar index has been bullish.

USDMYR 3.9235
Great


The US dollar index has been bullish.

USDMYR 3.9235

Good
The US dollar index has been bullish.

USDMYR 3.9235

The US dollar index has been bullish.

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

CIRCULAR TO SHAREHOLDERS IN RELATION TO PART A - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE PART B - STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1053299

Post removed.Why?

Post removed.Why?

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) has been accumulating Kesm shares.
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1054962

China's economy gives little sign of slowdown as PMIs hold up
https://www.bloomberg.com/news/articles/2018-04-30/china-march-factory-gauge-holds-up-as-services-beat-estimates

China's economy gives little sign of slowdown as PMIs hold up

https://www.businesstimes.com.sg/government-economy/chinas-economy-gives-little-sign-of-slowdown-as-pmis-hold-up

Price to Book (MRQ) 0.68
https://www.reuters.com/finance/stocks/financial-highlights/KOBA.KL

Markets struggling to believe evidence on US earnings
Financial Times-
And how can US stocks still be down for the year? Either American investors are incredibly greedy or they disbelieve the numbers. Then we have bonds. The 10-year Treasury yield had been in a downward trend for 35 years, reflecting a belief that inflation was beaten. Three months ago, the 10-year yield appeared at last to break that trend. This week, it breached 3 per cent, an important round number, for the first time in four years. But is higher inflation and growth really here?

Even with wafer shortage Kesm's net proft may increase 10-20% QoQ.

Shanghai steel marks best week since Dec on robust demand
in Commodity News 28/04/2018
https://www.hellenicshippingnews.com/shanghai-steel-marks-best-week-since-dec-on-robust-demand/

CHINA REBAR: Domestic prices rebound amid active trading
China’s domestic rebar prices rebounded slightly on Friday April 27, supported by an uptick in sales volume ahead of the long weekend.
https://www.metalbulletin.com/Article/3803179/Carbon-steel/CHINA-REBAR-Domestic-prices-rebound-amid-active-trading.html

Wafer shortage is not a bad thing. It means demand for semiconductor has been increasing dramatically.

Markets struggling to believe evidence on US earnings
Financial Times-
And how can US stocks still be down for the year? Either American investors are incredibly greedy or they disbelieve the numbers. Then we have bonds. The 10-year Treasury yield had been in a downward trend for 35 years, reflecting a belief that inflation was beaten. Three months ago, the 10-year yield appeared at last to break that trend. This week, it breached 3 per cent, an important round number, for the first time in four years. But is higher inflation and growth really here?