As long as a company has a decent profit margin, it shall do very well in goos economic cyclewhich the industry has just entered

There is a limit to how much cost you can cut but sky is the limit as to how much sales you can generate

Rather than looking at cost cutting to generate a higher profit margin, I would be more interested to look for higher revenue stream to boost my earnings

I may agree with certain points raised but I really do not understand why a lot of parties emphasise so much on profit margin. What is the meaning of 100% profit margin on a RM100 sales compared to 50% profit margin on a RM 500 sales?

Well, current share price is a valuation of expected earnings in the near future based on the past. We shall see whether the landscape will change in the next 6 months

So why so particular on diluted EPS?

The company will have much more cash to repay loans or to distribute as dividends too if all RCULS are to be converted into ordinary shares

Well Fiona, do you realise why usually basic EPS is more meaningful than diluted EPS? Because holders of RCULS will be paid interests and they are already priced in into calculation of basic EPS. If RCULS are fully converted into ordinary shares, then the company can save a lot of finance expenses. This will give rise to higher basic EPS too. So the effect is offsetting. Just my 2 cents though

One does not buy a company stock merely because there is dividend to distributed in the coming quarter as everyone knows that. Rather, one is interested in the growth story of a company and they shall be rewarded for their persistence in holding through a longer period.

Try to have a look into ssteel's dividend distribution in the past 10 years

Meanwhile ssteel has just started to turnaround in 2017 and restarted its dividend payment of 3 sen. Hong leong group is well known for its conservative and prudence management. Once it is able to continuously achieve record breaking eps quarter after quarter, don't be surprised if there will be very generous dividend payout plis special dividend too.

Having said that, annjoo is definitely doing well but basically its achievement has been fairly valued and might have limited price growth potential without significant eps in the coming quarter

Last 2 years Annjoo was doing outstanding as the cost leader in tough environment, so they are able to reward shareholders, that is why they are able to achieve a higher pe ratio compare to the rest. But the tide has turned for better now. Ssteel is gradually taking over as the new leader with its progressively penetrating revenue breaking achievement while we have seen annjoo still focusing on its niche marke

Masteel look cheaper because price adjusted for 2 times bonus issue. The onus is on them to produce higher eps based on new number of total share base in the future. Otherwise they will be doomed. If there is no adjustment of price, they are almost same price with ssteel but with much lower eps.

Now waiting for masteel

The past 2 quarters of steel acticity uptrend has proven that market volume leader of ssteel benefit the most. There is much more room for growth for ssteel compare to annjoo

Cost leadership without substantial volume of sales is not meaningful at all. Ssteel is expected to distribute dividend next quarter

Monday onward we shall see funds gradually shifting from annjoo to ssteel. In a high volume environment, of course the volume market leader will benefit the most compared to cost leader. Cost leadership is most beneficial during tight margin environment

Lowest cost only is not so meaningful if not supported by highest volume activity. I rather bet on ssteel as volume market leader in high volume environment as fixed cost can be minimised due to efficiency of production

But historical eps is not adjusted for latest bonus issue and moreover share price is adjusted, thus giving a distorted pe ratio. Otherwise, its adjusted pe ratio is even higher than annjoo

But how long can this victor last ? Only time will tell

So stockmanmy strive to be the victor with his winning mentality and never accept any defeat. There is no "loss" in his dictionary

Who cares about ethics and integrity and dignity when no one will sympathise with losers? Even if there are sympathy, what else is there apr from few comforting words? No one will be willing to pay for your losses

Victor is the rightful king. Others are losers and followers and they deserve to be there

Buy then promote and then run before it collapse. The predator senses

In short, stockmanmy has no standard formula. His philosophy is just about winning at all cost including at the expense of the others. Survivor of the fittest

Glad that hng33 easily earned 12% of profit within a single day. But on hindsight, he could have easily earned up to 30% within a single week if he could hold a little longer. That is why i would say he has typical trader mindset. But still the market needs people like him

hng33 swapped all annjoo for ssteel. Which one do you think will rise higher tomorrow? Annjoo or ssteel? Haha

Why has this post been removed?

Still left about 300m to subscribe, maybe another half year or so to complete

15% also can be considered as strong double digit growth

Anyhow, it will soon slowly be heading to my fair valuation estimated at around 65 cents. Up or not that time also depends on your luck

Don't you guys realise that the previous hype of capital repayment and special dividend is merely to pave way for the exit of previous shareholders and for some parties with interest to make quick bucks?

After take profit then ask to sell lo, and after accumulating at lower price then ask to buy again lo.. Nothing more than a hypocrite

Those who failed to remember the past are condemned to repeat it

Try not to prey on others. If you do not truly understand what went wrong with your investment decision, you will most probably tend to repeat it

I believe one day later, this counter might rise again as many others will fall into the trap just like you initially. Hope you will be able to make a good decision to to exit at breakeven or even with minimal loss. Until then, you just have a good rest and digest the lesson

Correction : bought into leadersteel

If you want to promote a stock, please back up with better data and statistics. Then maybe others will give a look. Your discussions are totally unconvincing just as much as the reason you bought into ssteel in the first place, blatant greed !

This will be a living example to me that everyone everywhere everytime is doing something for their own agenda. If you meet one with virtue and integrity, then fine. Otherwise, better be safe than sorry. Lesson of the day : All crows are black !

Since 2 months ago, possible 100% return in 2 months time.

After 2 months, actual result drop more than 20%

If not mistaken, Annjoo's blast furnace consumes lesser natural gas

In fact, it is the second largest cost component, according to MISIF. So, masteel is not spared

investoo, Electric Arc Furnace does use natural gas apart from electricity in steel manufacturing process. Correct me if i am wrong

The current steel price is not too high but on the equilibrium for moderate market condition. If it is artificial, do you think the big 4 steel companies able to create artificial sales and revenue as well?

Finally broken support of 35 sen after so long, more than a year or so.. Seems like it is the beginning of a downtrend correction long overdue

I think one of the sifus must have advised him to copy his style of writing to save himself ! Haha

It is not about sharing the same plane or not as tony. I don't think he really cares about the share price of aax as much as aa if he is not going to dispose it anytime soon

For ecri project, it's on a ratio of 50 : 50 between local and imported raw materials

The cash is already worth 50sen/share. Imagine what is the cash value / share if the company continue to make losses for the next few quarters?