1) THE SHARE PRICE STARTED TO DROP WHEN THE COMPANY START SELLING
TREASURY SHARES. WHY DID THE COMPANY NEED TO SELL TREASURY SHARES
SINCE THEY HAD SO MUCH CASH?
2) THIS MONTH, QR4 RESULTS WILL BE OUT. IT WILL NOT BE BAD AND
DIVIDEND IS EXPECTED TO BE AROUND 12 SEN.
STILL THE SHARE PRICES HAD BEEN DROPPIMG FOR THE LAST 10 TRADING
DAYS.
3) IS THE HIGH NETWORK SIFUS SUCH AS UNCLE KOON AND MR. OTB NO LONGER
HAD CONFIDENCE IN THE COMPANY AFTER THE SELLING OF TREASURY SHARES?

KINDLY SHARE YOUR VIEW....

HAPPY CHINESE NEW YEAR TO ALL CSCSTEL SHAREHOLDERS!!!!!

I THINK THE BIG BOYS WERE SHAKEN WHEN THE COMPANY START SELLING ITS TREASURY SHARES.

looks like some big leg disposing

sifus comments/advises seek on cscstel current pice movement where there is always a few bids sudden price hike at 4.50pm;
1) price manipulation????
2) left to right pocket ???????
3) ??????

i think another 300,000 treasury shares sold today

investors are scare of the 2.29 level

it looks like the company selling of treasury shares had an effect on buyer confidence in this counter

any sifu mind to share their view on csc steel latest disposal of 300,000 of treasury shares? the company still have 11 million shares in treasury.
will this disposal means that the company think their company is fully valued?
------------------------------------------------------------------

Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement

CSC STEEL HOLDINGS BERHAD

Date of transaction 06 Jan 2017
Currency Malaysian Ringgit (MYR)
Total number of treasury shares sold (units) 300,000
Total number of treasury shares cancelled (units) 0
Minimum price paid for each share sold ($$) 2.290
Maximum price paid for each share sold ($$) 2.290
Total amount received for treasury shares sold ($$) 685,052.27
Cumulative net outstanding treasury shares as at to-date (units) 11,000,000
Adjusted issued capital after cancellation/resale (no. of shares) (units)

cscsteel also a major shareholder of astino

I am 100% sure that the dividend will be not less than 10 sen from the track record of cscsteel.
for the price to go higher needs new buyers with confidence


Posted by chankp7010 > Dec 21, 2016 11:41 AM | Report Abuse

CSC should touch RM2.50-2.70 if QR results continue to improve and declaration of at 10 cents dividend for year ending 31/12/2016. Buy now before it is too late to get cheap price quality stock.

NOT A BREAKOUT BUT BREAKDOWN!!!!!!

WAITING FOR A BREAKOUT!!!!!!!!!!!

the spread will always be there.

always remember that there is always a 2 months stock at old prices. as prices go up, i believe the mgmt is competent enough to make sure the margin is protected. the question is how much will they benefit from this round of price increase.

this round of price increase is worldwide and customers have to adapt to this

thanks for sharing such a good analysis

(I am comparing 3rdQ/16 with 2ndQ/16. From RM320.8mil to RM266mil.)

the drop in cash is due to
1) payment of 8 cents dividend to shareholderrs
2) payment for the warehouses acquired from tatt giap.

no such thing as lost from unit trust or whatsoever!!!!!!!!!!!!!

ANYONE HERE HAVE INFORMATION HOW MUCH CSC INCREASE PRICE FOR DEC DELIVERY?

csc has a dividend policy of distributing NOT LESS than 50% of their net earning to shareholders.
historically, csc had paid more than 50%.
unless unseen major disruptions happen in dec, minimum 12 cents in the pocket for long term shareholders

i believe it will be around 5 to 6.5 cents for the 3Q which is more than double of last year.
the meat will be on the 4Q where prices had increased since october.

take profit a bit too early., go go go csc

mr ooi teik bee,

how to become your subscriber?

sold 2.03 the portion that was bought at 1.98 last friday.

moneysifu, really cannot understand, mycron up but csc push down all the way to 1.86.

another round of selling wave coming.........

i just got some at 1.98

q to buy at 1.95

q to buy at 1.98

investors who think the price will go down will sell.
investors who think the price will go up will buy.
which group will be right? when 3q result is out, then one group will be the dominant force

moneysifu,
maybe sifu Ooi Taik Bee can share with us his wisdom on this volatile price movement?

http://www.theedgemarkets.com/en/article/hiap-teck-ropes-new-partner-resume-steel-slab-production-eastern-steel

is market re-acting to this news and worry of another megasteel type of monopoly?

based on 2q2016 report, the net cash is more than 320 million. after deducting dividend that was paid in 3rd quarter and payment to acquire the warehouse in penang, tne net cash should be around 270 million.
let's see how much cash is generated in 3rd quarter in next month report.

moneysifu,

where do you get the information that.....
4. CSCSteel will import HRC from its taiwan HQ with lesser saving, no sure how much but definitely less than RM400.

moneysifu, can touch 2.20 today?

no doubts, company share price will be reflected by the company management. all business will be subject to up and down but a good management will do their best to protect the company interest which will flow to shareholders finally;

one good indicator for a company, is the amount of dividend paid to shareholders. this reflect the company commitment to all shareholders.


csc steel dividend record;
2006 - 5 sen less 28% tax
2007 - 10 sen less 27% tax
2008 - 18.5 sen less 27% tax
2009 - 2 sen less 27% tax
2010 - 20 sen less 26% tax
2011 - 13 sen
2012 - 7 sen
2013 - 7 sen
2014 - 7 sen
2015 - 3 sen
2016 - 8 sen

csc should be treated as a blue chip as
1) market leader in cold roll coil in malaysia
2) never fail to pay dividend even during bad/difficult times
3) the management remunarations are extremely reasonable. pls check yourself. even some lousy losing money ACE companies COO salary is higher.

there is only ONE risk investing in CSC.
(UNFAVOURABLE LOCAL BUSINESS CONDITION LIKE THE PAST WITH MASSIVE DUMPING FROM CHINA)
WITH THE ANTI DUMPING EFFECTIVE FOR 5 YEARS DOWN THE ROAD FROM 2016, THE ROAD IN FRONT IS CLEAR OF UNNNECESARY HURDLES

moneysifu and sifu ooi teik bee,
with a level playing field ahead for CSC to do business for the next 5 years, what PE is reasonable for CSC? hopefully both of you can share ....

i will estimate the eps for the 3q2016 at around 6 cents as the3 quarter is traditionally the weakest quarter of the year due to long holidays.
also, the total benefit from megasteel closure will only come in after 3-4 months.

long term investors will fully benefit the impact from megasteel closure and anti dumping ruling from the 4q onwards.
the 4q2016 result will provide a clear picture what will csc normal operating profit margin.

i believe csc will not used the above 2 advantages to make abnormal profit at the expense of their customers as abnormal profit will not last.
csc is known in the market as a reliable supplier of quality cold roll coil.

the 4q2016 result will be out in feb 2017. assuming(conservative) for the final 2 quarter of this year, CSC EPS total 14 sen with average of 7 sen per quarter.

with that 2017 EPS will be around 28 sen. csc had a record of good dividend paymaster.

the questions are;
1) at what PE will market price CSC after the 2016 full year report is out next feb together with their generous dividend which had always above FD rate except for last last year.
CSC will easily price above RM3 if market price it at PE of 14 and above.
2) the full effect of anti dumping will start to flow in the last quarter of this year as all ruling takes time to show the benefits. therefore, long term investorswhom believe the above should not sell too early.