How about cost of productions for rebar? Has it gone down as well? What is the margin before the sudden surge & after?

Not knowing the rebal prices in malaysia, not knowing the cost structure of producing rebar, not knowing the exact prices in China, what can we predict the performance of a company?

Did the profit in that quarter helped by clearance of stocks at much higher prices because of cancellation of supplies from China?

Rebar price has since then gone down.

Malaysia experienced shortage of rebar in April & May, causing the price rocketed to sky level, but the revenue of Masteel for quarter (1/4/2016-30/6/2016) was RM268m, slightly higher than last year's same period RM242m.

Before everyone feeling too excited about the steel industry, maybe author or someone can help to explain the following:

Prices of Rebar in Malaysia (Source: MITI)

----------Low-----High

21/9/2016 1,720 1,870
15/9/2016 1,720 1,870
8/9/2016 1,800 1,950
30/8/2016 1,750 1,990
26/8/2016 1,840 1,990
26/7/2016 1,780 1,930
24/6/2016 1,750 1,950
30/5/2016 2,180 2,380
22/4/2016 2,100 2,300
21/3/2016 1,650 1,800
26/2/2016 1,520 1,620
27/1/2016 1,450 1,550
22/12/2015 1,450 1,550
17/11/2015 1,500 1,600
27/10/2015 1,500 1,600
22/9/2015 1,600 1,700
26/8/2015 1,580 1,680
28/7/2015 1,650 1,750
30/6/2015 1,760 1,860
27/5/2015 1,840 1,940
28/4/2015 1,840 1,940
31/3/2015 1,850 1,950
24/2/2015 1,800 1,900
27/1/2015 1,900 2,000

So tighten the seat belt to fall?

The article just touch on the face of industry, not deep discussion into prices & costs, then projected huge profits in coming months assuming rebar price is now still RM2,400 as in April & May 2016.

Please take note that MRT2 project won't help much because it is just continuous part of MRT1 project.

It's is not something new demand, it is just making demand for steel to continue sustain at previous level.

If during the execution of MRT1 project in previous did not make all steel producers profitable, what so special about MRT2 project to steel producers, especially those producing long products.

I will publish an article to discuss further about this topic

I knew this website way before this article, I did not trust this analysis because it has not stated the sources of data, users contributed towards the date & so on.

Nothing was mentioned in their website.

I have even registered with the website but getting the same report every week.

http://steelbenchmarker.com/files/history.pdf

How about cost of productions for rebar? Has it gone down as well? What is the margin before the sudden surge & after?

Not knowing the rebal prices in malaysia, not knowing the cost structure of producing rebar, not knowing the exact prices in China, what can we predict the performance of a company?

Did the profit in that quarter helped by clearance of stocks at much higher prices because of cancellation of supplies from China?

Rebar price has since then gone down.

Malaysia experienced shortage of rebar in April & May, causing the price rocketed to sky level, but the revenue of Masteel for quarter (1/4/2016-30/6/2016) was RM268m, slightly higher than last year's same period RM242m.

The financial period ended 31/3/2016 were largely helped by forex gain of RM 6,049,000

The profit of RM5,076,000 would become loss of RM973,000

Before everyone feeling too excited about the steel industry, maybe author or someone can help to explain the following:

Prices of Rebar in Malaysia (Source: MITI)

----------Low-----High

21/9/2016 1,720 1,870
15/9/2016 1,720 1,870
8/9/2016 1,800 1,950
30/8/2016 1,750 1,990
26/8/2016 1,840 1,990
26/7/2016 1,780 1,930
24/6/2016 1,750 1,950
30/5/2016 2,180 2,380
22/4/2016 2,100 2,300
21/3/2016 1,650 1,800
26/2/2016 1,520 1,620
27/1/2016 1,450 1,550
22/12/2015 1,450 1,550
17/11/2015 1,500 1,600
27/10/2015 1,500 1,600
22/9/2015 1,600 1,700
26/8/2015 1,580 1,680
28/7/2015 1,650 1,750
30/6/2015 1,760 1,860
27/5/2015 1,840 1,940
28/4/2015 1,840 1,940
31/3/2015 1,850 1,950
24/2/2015 1,800 1,900
27/1/2015 1,900 2,000

Imposed duty on end products but welcome to import raw material from the same country, very interesting.

Like no one know those can lay egg is Hen.

Profit jump so many times also no explanation, just said profit increased in line with increase in revenue.

Please compared CSCsteel & Mycron, then you will know why I said so.

The whole QR didn't give much what was happening in the business & surrounding environment. Very disappointed.

The management reluctant to tell why so much profit increased in plant & machinery division, talk nothing.

This segment recorded revenue of RM9.4 million for the current quarter as compared to RM1.5
million achieved in the previous year corresponding quarter, representing an increase of RM7.9
million equivalent to 5.27 times. This segment recorded PBT of RM0.6 million, a rise of
RM1.3 million equivalent to 1.86 times as compared to loss before tax (“LBT”) of RM0.7
million, earned from the corresponding quarter in prior year, which was in line with the
increase in revenue.

saltedfish, do you eat banana? lelong now

i guess the price was already adjusted on 28 Jun, am I right?

What will be the effect of right issue over the current price? When will the price be adjusted?

If I buy now @ RM1.60, will I lose money upon the listing of right issue?

eat banana if get lock up.... lol

unbelievable

请大家吃蕉，嘿嘿

咳咳，毛毛虫，我是卖香蕉的，所以要来这里推销

马后炮肯定没错的，谁不会？

Why not choose those not yet hot or up, & come back 1 month to see if the selection is good or not

Choose those hot stocks & write article to indicate how good is the selection, better eat banana