not vested in masteel, but still i applaud your confidence for defending your points even though some of them might be incorrect.

1. David is correct in the sense that Masteel uses mainly scrap iron (besi buruk) to manufacture Rebar.

2. the big 4 rebar manufacturers are not exporting to US, and they are protected by anti-dumping measures in the local front.

If you can read mandarin i suggest you to read up on leoting's blogpost.

Good luck.

From an avid finance news & market news reader

Hi Mr Tan, my stock pick below:

Stock Pick 2018

1) GADANG-WB (15%)
2) CRESBLD (15%)
3) INTA (20%)
4) OCK-WA (15%)
5) ADVCON (15%)
6) BAHVEST-WA (20%)

avoid risk, wait qr, if good buy on retrace, if not as expected, buy low or avoid, dont put so much expectation on 1 single QR, investing is a marathon

If oil up, they could have one time gain depending on their inventory level and raise average selling price, just like how petronm and hengyuan gaining profit when oil price up.

They are the price setter now that a lot of chemical plant in Texas are not operational yet due to hurricane incident

price goes up after analyst meeting, good Q4 on the way

Lotte Chemical Titan Holding Bhd
(Oct 27, RM5.19)
Maintain buy with a lower target price (TP) of RM6.66: Lotte Chemical Titan Holding Bhd’s nine months of financial year 2017 (9MFY17) core profit of RM717 million (-29% year to date [YTD]) was within our expectations, but below consensus — accounting for 72% and 65% of full-year forecasts respectively.  

Lotte Chemcial staged a remarkable sequential rebound, where core profit surged 35% quarter-on-quarter, as plant utilisation recovered to 77% (second quarter of FY17 [2QFY17]: 71%). On top of this, recall that 2QFY17 was impacted by water supply interruption for 11 days. Additionally, higher interest income from initial public offering (IPO) proceeds amounting to RM26 million, boosted profits. 

To a lesser extent, the bottom line was also propped up by lower taxes. The stellar comeback was in spite of a dip in 3QFY17 volumes from Indonesia. Recall that ethylene feedstock for Lotte Chemical’s polyethylene (PE) plants in Indonesia is mainly sourced externally. 

US capacity shutdowns due to Hurricane Harvey had led to a surge in ethylene pricing. Therefore, Lotte Chemcial scaled down PE production in Indonesia following the dip in PE spreads. To recap, Indonesian PE accounts for 22% of FY16 revenue.  

Exceptional items excluded from 9MFY17 core profit include: i) PPE write-offs: RM39 million; ii) reversal of administration expenses for Lotte Chemical USA: RM15 million; iii) initial IPO expenses: RM14 million; iv) foreign exchange gains: RM28 million; and v) fair value gains: RM9 million.  

YTD bottom-line contraction was mainly attributed to lower volumes and higher unit production costs due to the water incident in April 2017. Recall that in 9MFY17, there was statutory turnaround at both of Lotte Chemical’s naphtha crackers for a total of 86 days. Additionally, volumes were also affected by the water incident, and reduced output from Indonesia. The above more than offset higher product average selling prices ( 20% YTD), lower taxes and increased interest income. 

Key takeaways from a conference call: Management is optimistic about achieving strong utilisation of 90% for its Malaysian plants in 4Q17. This is underpinned by completion of all statutory turnaround, with no shutdowns scheduled for 4Q17. On a dim note, PE output from Indonesia is expected to be lower due to weak price-earnings margins.  

Also, management expects 4Q17 demand to be resilient, underpinned by higher demand from Latin America until the supply from the US market recovers. Recall that US ethylene crackers were shut down at end-3Q17 due to hurricanes.  

Development of TE3 and PP3 projects are on track with 100% and 42% mechanical completion respectively. TE3’s targeted commercial launch date of 4Q17 remains intact despite a fire incident. — TA Securities Holdings Bhd, Oct 27

Dufu can have earning visibility at least 1-2 year until notion have their full main plant ready and commissioned with high utilization rate

Notion will have their operation interrupted 9 months, total loss estimated around 150mil

caught some Dufu and keep, competitor main production plant down...

Nice analysis buddy, btw I read from the edge that InsiderAsia has openings which might suit u :)

Had lunch at marche with their lunch express promo, not bad

Like KC, fong siling sifu or coldeye also advocates that SMF is not something to trifle with, and I think his success speak for itself with his great track record of value investing, as well as accumulating wealth without the need of SMF

Plastic packaging player like Scientx, Tguan, BPPLAS will also benefit, since products needs to be handled delicately when being transported, plastic packaging film demand will also rise

首半年出口增长局部抵销国内销售2%下跌，主要是东马一家代理店面失火。
2017
业绩逊色．合成工业受惠原料跌价
http://www.klsescreener.com/v2/news/view/269497

Yes jiunn hau rhb ceased coverage, u should have access to the report if you are using rhb

RHB changed from Buy Coverage to Ceased Coverage, hmmm

gg malakoff

time to sailang

what worries me for this insurance company is that their cash is thinning over the years

Net Cash Per Share (sen)
2013 - 3.20
2014 - 2.89
2015 - 4.43
2016 - 1.29

Latest QR - 1.12

This reporting error keep messing with my stock screener based on DY lol

DPS is only 5.2 sen per FY, i believe there's been reporting errors for each of the QR, hence it looks like DPS > EPS.

Look closer to entitlement tab instead of the DPS derived from each QR

Tune Protect was awarded “Best Travel Insurance Facilitator 2017” on July 4th, at the first Arabian Travel Awards held in Dubai, UAE

http://tune2protect.com/airarabia/

CPO still remain very high, expect low profitability for the rest of FY

Scare later no biz and end up like Tim Ho Wan

New restaurant in Pavillion, go support and contribute to their revenue guys LOL

there's also a new designation in Tunepro Malaysia, Khor Kee Eng as its Chief Actuary

with the bad QR from PERSTIMA, one can expect rising raw material cost for JOHOTIN in the coming QR, be prepared for a rather unimpressive QR

there's still a very bad sentiment on this counter with the resignation of MD and Chairman and the downtrend of shareprice. I think QR might be bad, be ready for that and don't trigger panic sell

Wah laosai till like this, time to cut

got another turnaround activity for one of the plants at July 2017

Tunepro already collab with Cebu Air, inbound to phillipine

Bonus issue announced

http://theredclinic.com/

Plans for Tune Care (new healthcare under Tune Group) to be announced this weekend, good news for tuneprotect with Tune Care as their panel healthcare provider

Government contracts might be lesser for ECS now that Prestariang has gotten the government Microsoft Master Level Agreement.

I don't believe the old man is disposing, but rather the downtrend is caused by dilution of share due to constant conversion of loan stock by directors. Directors have been converting millions and millions of shares nonstop

how about DKSH and HARISON

anyone attending the AGM kindly ask why their trade receivables higher than sales? is there any risk of impairment?

the prominent investor already earn up to 600%, if I'm him I would be selling too :) capital gain is no longer the main objective investing in Liihen

haih coupled with bad sentiment on furniture counters and prominent investor selling pressure, Liihen is undervalued

price holding well at 0.36, any good news from AGM yesterday?

expecting Reach to provide a decent QR, since Brent was still high around the reporting period, with OPEC talk coming today, the upside will be further confirmed, time for it to wake up :)

Hope this will not be a hurdle for Liihen

隆雪家具公会:强制执行加重成本
家具出口准证碍发展
http://www.enanyang.my/?p=870941

Today's news, seems like government reimpose the need for export license on furniture exporter zzz some of the exporter shipments even got confiscated and caused delay in shipping as well as destroying exporter's business reputation for delaying shipments

Liihen just had bonus issue and share split on 2015, and still cash rich with even their own plantation. Can truly see they are striving to reduce cost while rewarding shareholder handsomely with dividends. At least their cash is put to good use instead of overly spending them via bonus issues or share split etc

Best Net Profit ever for single Q congrats

anyone received the hardcopy Annual Report? Haha, there's only balance sheet and income statement, the rest you have to get from the CD or Bursa

sales of property is under other income right?

got increased demand also, not bad

annual report out, 2902 barrel of brent a day, in line with management's expectation :)