Basically, 2nd Quarter 2016=3rd Quarter 2017. 3rd Quarter 2016 = 2nd Quarter 2017. Mainly due to the Hari raya issue, then floating of raw material and average selling price.

Therefore, 2nd quarter Annjoo's PBT/Revenue around 7.5% while 3rd quarter around 17.5% . If 3rd quarter can hit 500 millions revenue, then it may challenge 1st quarter's profit.

@stupid My calculation is Average last 5 quarters Annjoo's PBT/Revenue is 12.5%. When ASP increase and Raw Materials cost decrease, i will take 12.5%+3%+2%=17.5%. When ASP drop and Raw material cost increase, i will take 12.5%-3%-2% = 7.5% . Given lower revenue 350millions x 7.5% = 26 millions PBT. Anyhow, this is calculation for Annjoo not for the other 3 players.

@investoream Actually, Lionind is in its last stage of turnaround. 2016 is early stage, Lionind already wrote off all the questionable stock value and most of its bad debt. As long as cash flow come in few quarters and bring down the current liabilities. Then, it can be considered as a healthy corporation.

For 2016, Ssteel did not have enough raw materials. The situation change for 2017 after Ssteel built up its raw material, steel scrap. Steel industry is MASS PRODUCTION, the output going up will bring down the operating cost. Therefore, Ssteel will have better margin for 2017.

Very good. Just waiting Ssteel for paying dividend continuously next few quarters while Annjoo pay dividend half a year.

@joetay this stock is just on the half way of its destination. Without economy recession, it is expected to hike until 2019/2020.

@JCang Whether it is good company or not, very depending how much net profit that it create. In Bursa, not so many companies can create 250 millions net profit anually, and EPS 40 cents and above.

Amsteel (Lionind)'s rebar also heading to RM2300. For your information, Amsteel and Ssteel produce more wire rod (R) in Klang Valley.

https://leoting81.blogspot.my/2017/07/blog-post_24.html

http://www.enanyang.my/news/20170725/%E4%B8%AD%E5%9B%BD%E8%B0%83%E6%95%B4%E4%BE%9B%E9%9C%80%E5%8A%B2%E6%B6%A845br-%E9%92%A2%E9%93%81%E6%8C%87%E6%95%B0%E5%88%9B6%E5%B9%B4%E6%96%B0%E9%AB%98/

Factors that increase profit (1) Average Selling Price (2) Cost of Raw Materials (3) Machine utilization (4) Energy cost

Golden year for Long steel manufacturers

wah! Approaching RM2300 for common size Y16-Y32

@warmblood For Hiaptek, please search what solaris80 writing in Annjoo post and Ssteel post. He knew very well about Hiaptek

SBG for MRT2 http://www.investalks.com/forum/forum.php?mod=viewthread&tid=8892&page=153#lastpost

It is very likely Q3 EPS will break of record. If you kaki of investor, no harm to place some bet on it.

Simple idea for all, when Average Selling Price (ASP) go up. Companies that hold most inventory will benefit a lot. No doubt, Southern Steel is one of it, ahead of Lion and Masteel.

谢谢大家支持。

That's WC pattern!

@Edwardljhoo Take rest recently and energy recharging. Battery low, hehe...

Continuously make net profit 200 millions and above per annum, eventually market will give fair value.

Source from friends. Actually a lot of buyers have the info as well.

看过去的人会卖， 看未来的人会部署买进。 就看你怎么看了。

If the ASP break RM2300 short future and sustainable, then manufacturers will record higher profit than 2016.

Effective 14/7/2017;
RM 2130/mt - Y16 to Y32
RM 2280/mt - Y10, Y12, Y40 & R10
RM 2330/mt - R6, R8
R12 temporary no stock

Selling Price is above RM2130 already, when it is break RM2200. It is easily manufacturers to achieve 10%+ gross margin,

For trading purpose, current price may be a good entry after a long correction.

PE 低是因为Ssteel 和Lionind的财政年还是红的。 这次的QR后，就会全部是黑的了。那时这个领域就会吸引更多的机构投资。

no more impairment loss, provision for court case already in place. FYI, Southern Steel still hunger and sapu steel scrap in the North region Peninsular.

All other countries' steel mills price peak and owner laughing all the way while Malaysia mills in the opposite way?

That is the interesting phenomenon. We are the most competitive rebar and wire rod supplier in the world at this moment.

Shareholders include Tabung Haji and EPF.....too bad.

Export portion contribute very small portion. Second quarter NP probably half of first quarter which consider "average". Anyway, it is in correction mode and hopefully the next move soon.

http://www.orientaldaily.com.my/s/203680 . Reasonable analysis from Kenanga and UOB-Kay Hian. Soft on Q2 and Strong on Q3.

@DickyMe For the MITI policy and safeguard of 3 years end 2021, the only 4 long steel counters are ensured with significant profit for coming 3 years. Unless you are keep track for the steel trend more than 10 years, else you will not knowing how precious of this golden times. Yes, i did keep track the steel trend since 2006 till today 2017!

@DickyMe Don't mess up the concept of value investor and trader. Unless you able to beat the macro economy, else you are just talking non sense.

https://www.youtube.com/watch?v=m7C3qpB9Gkk

http://leoting81.blogspot.my/2017/06/5665-ssteel.html

Enjoy the steel booming era, especially you are in China now. Once China further tighten Environment pollution rules and regulation, the steel price will maintain for few years.

More likely, he is from Eastern Steel, familiar with Blast Furnace, Slab, and HRC.

@Edwardljhoo I guess he is from either Eastern Steel or Alliance Steel.

Not too far from RM2 already. The inventory level already expose its short future intention,

@Hwai Hooi Because its peers did not ready. If you notice, every time the steel counters move together one.

@solaris80 no doubt HTVB will beneficiaries from the ECRL project but how significant for its revenue and profit contribution? I dare not to make the assumption.

@solaris90 Eastern Steel itself is designed to produce narrow width hot roll coil for pipe making while Alliance Steel is established to produce billet (long steel) through Blast Furnace.

http://leoting81.blogspot.my/2017/06/6_27.html

http://leoting81.blogspot.my/2017/06/1_27.html

Hiap teck is more related to steel pipe category, sub of flat steel. Eastern steel in Terengganu yet to solve. That is the main reason HiapTeck not able to fully recover

除了只买一只， 也可以把4只长钢股当作是一只股票。 四只都买。 答案很确定的， 今年这是四家公司的营业额是100多亿马币。 净利可以接近10亿。至于那些空家仙家， 已经听了他们的14个月唱衰， 麻木了。有一天他们会对的， 在他们错了几年后。 那时， 他们会跳出来， 你看你看， 我是不是对了。 zzzz.....

Great!