Government know better what is the consequence of fully removing of safeguard import duty. If not maintain the current rate of safeguard import duty, some sort of protection must in place to protect local steel industry. This is government resonsibility to ensure survival of local steel industry to continue support local infrastructure building and development of property.

If safeguard duty still there, l think steel maker to be no issue to be remain profitable in foreseeable future.

OOMMGG Gwansoo, you are right. Steelrebar price steadied as per one week ago. Note that scrap iron is experiencing price increment from FEb to one week ago. This may due to what mentioned by leoting that steel maker are competing each other to secure iron scrap as demand more than supply.

It is cheap, but hopefully can get cheaper ^_^. Thanks Leoting for the sharing.

However l think it is good to think to enter after price correction.

I not too aware of steel industry but I don't think China will let steel industry to crush again. They are doing all they can now to revive the steel industry and prevent the overcapacity from happen again. Beware this 2 year out of their 5 year plan.

Leo ting, how big impact of China steel price on local steel price?

The steel rebar price provided by gwansoon is looked steady at 2.1 to 2.2k. Isn't it should drop as steel price in China market.

How much the steel rebar price dropped in Malaysia market in the same period?

Iron ore price also slumped terribly and even deeper than steel rebar price. In this case will the steel rebar margin getting better?

Heaven123, any reason why the game is over?

Two director confidently bought in open market.

PWF is Good to have alook

https://www.bloomberg.com/news/articles/2017-03-20/china-won-t-repeat-steel-market-crash-in-17-japanese-mill-says

https://www.bloomberg.com/news/articles/2017-03-20/china-won-t-repeat-steel-market-crash-in-17-japanese-mill-says

Short term will be good for consumer as competition get intense. However in long term , the stronger will stay strongest and might monpoly the market which is not good to consumer.

Look like steel rebar price will remain strong until next year.

Exclude forex loss, the result is the best Q in a year.

A low profile , potential stock.
Just do a rough estimation, with another quarter/coming 4Q, EPS will become 9 to 10. With PE of 13, it values in between 1.17 to 1.3.

Solar industry is in down cycle. May take sometimes to recover. No rush to jump in now. Be patience, opportunity is always there.

Good to have thoroughly check.

Beware on Solar segment contribution. It may not recover so soon in next quarter.

Close to 75%. Get another 15%, minority holder will at loss.

Ringgit likely to trade in the RM4.15-RM4.30 range

BY S. PUSPADEVI


KUALA LUMPUR: The ringgit is expected to trade between RM4.15 and RM4.30 against the US dollar by year-end, according to an economist and investment strategist.

IQI Group Holdings chief economist/investment strategist Shan Saeed said if China continues to lower the yuan, the ringgit including other currencies such as the rupiah, dong, baht, Philippine peso and Singapore dollar may trade lower.

He noted that market observers and policy makers were now adopting the wait-and-see approach based on China’s monetary policy changes, the looming US presidential elections on Nov 8 and likely interest rate hike by the US Federal Reserve.

“With market forces determining the ringgit rate, the currency will likely be in the long range and might trade between RM4 and RM4.30 in 2017 and this is still fair value. But this will depend on crude oil prices,” Shan told StarBiz.

Despite China’s economic slowdown, the country would still be the driver of the global economy, Shan said, adding that its recent move to lower the reference rate for the yuan was inevitable, as part of the process in revisiting its economic strategy to keep growth momentum. “The yuan will continue to stay low and we will not be surprised if it touches between 6.90 yuan and seven yuan against the US dollar in the first quarter of next year.

“We foresee a few changes in China’s monetary policy structure by the first quarter,” said Shan, adding that policy makers will be monitoring the yuan movements closely.

On Oct 10, the ringgit fell to a four-month low against the greenback following China’s move to lower its reference rate for the yuan, bringing the yuan to the lowest level against the US dollar in six years.

Ringgit likely to trade in the RM4.15-RM4.30 range

BY S. PUSPADEVI


KUALA LUMPUR: The ringgit is expected to trade between RM4.15 and RM4.30 against the US dollar by year-end, according to an economist and investment strategist.

IQI Group Holdings chief economist/investment strategist Shan Saeed said if China continues to lower the yuan, the ringgit including other currencies such as the rupiah, dong, baht, Philippine peso and Singapore dollar may trade lower.

He noted that market observers and policy makers were now adopting the wait-and-see approach based on China’s monetary policy changes, the looming US presidential elections on Nov 8 and likely interest rate hike by the US Federal Reserve.

“With market forces determining the ringgit rate, the currency will likely be in the long range and might trade between RM4 and RM4.30 in 2017 and this is still fair value. But this will depend on crude oil prices,” Shan told StarBiz.

Despite China’s economic slowdown, the country would still be the driver of the global economy, Shan said, adding that its recent move to lower the reference rate for the yuan was inevitable, as part of the process in revisiting its economic strategy to keep growth momentum. “The yuan will continue to stay low and we will not be surprised if it touches between 6.90 yuan and seven yuan against the US dollar in the first quarter of next year.

“We foresee a few changes in China’s monetary policy structure by the first quarter,” said Shan, adding that policy makers will be monitoring the yuan movements closely.

On Oct 10, the ringgit fell to a four-month low against the greenback following China’s move to lower its reference rate for the yuan, bringing the yuan to the lowest level against the US dollar in six years.

USD touching 4.2 against RM

Yuan will further depreciate against USD

Yuan depreciated against USD

Actual impairment writedown last year due to fire is 9 million plus only.

Homeritz, hevea & pohuat trending higher recent.

Plus forex gain, it will improve bottom line in coming quarter result

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5226685

Pohuat got final fire insurance compensation of RM2.25million. This amount will be treated as "other income" in next quarter result. Syabas!

The wicked diminished to dust.

Nice rebound

Airasia being crashed from 1.34 to 0.78 in 2.5 weeks time last Aug. Now airasia broken 3. Take a lesson learnt from AA. Ignore short term fluctuation.

Sell at higher price, buy back at lower price.....this is how some aspired. Not verytime they can do it successfully.

陳炎said the right thing.

Let saltedfish and robert do their job, we're harvesting their efforts.

Why scare of salted fish? Afterall it is a dead fish only.

Very unfortunate salted fish may be soon be paralysed.

If history repeat like last year 16 DEC....let see

Very likely US to rate hike before end of this year. Just wondering how the market will respond to furniture stock if RM being beaten down again.

2nd wave ???

Enjoy accumulation.

All hater, attacker are coming now

The more selling, the better value of hevea. Those wanna please sell loh.

Any drop is good time to accumulate more. Don't mind to fishing salted fish in ocean if there is a chance .

Those want to fishing at lower price may similar to fishing salted fish at ocean.

The result is commendable. I don't think it will have big drop tomorrow.