But confirm oversold!!!

Party soon???

epf stop dispose... buy

Stupid hng33 dispose

www.bursamalaysia.com/market/listed-companies/company-announcements/5353073

Rubber plantation and indusrial land to be sold estimeted worth 100 million

It mean DPS is not satisfied with the Court of Appeal's decision that damages (i.e. the amount to be paid by MSIG to DPS) to be reassessed in the High Court, and they appeal to the Federal Court on this point.
https://www.facebook.com/permalink.php?story_fbid=166218910512519&id=100013732328366

this counter is undervalue taking in the ROIC,EV/EBITDA,fcf/p,croic and growth. But the growth part is highly dependent on execution of the orderbook. My valuation around 4.4.
https://www.facebook.com/permalink.php?story_fbid=166218910512519&id=100013732328366

债券收益率回升 全球地产投资或告别繁荣
http://cn.wsj.com/gb/20161123/fin141804.asp
近年来全球范围内的超低利率令商业地产市场受益良多。

但现在暗示这一局面可能出现改变的市场信号正在浮出水面。

投资者已在抛售欧洲、亚洲和美国的政府债券，推动债券价格下跌。当债券价格下跌时，房地产价值通常也会随之下跌。

过去几年商业地产的繁荣是因为，在债券收益率处于低位之际，全球投资者在寻求更高的投资回报。但分析人士称，这一局面可能会开始逆转，因为超级安全的政府债券的收益率开始上升，考虑到潜在风险，商业地产的吸引力因此下降。

针对政府债券的抛售潮并不限于美国，这是因为投资者认为，美国候任总统特朗普(Donald Trump)计划扩大基础设施建设支出，这可能使得美国联邦储备委员会（简称：美联储）的加息力度超出预期，进而可能会影响到其他央行。美国国债遭遇的抛售最为严重，不过全球范围内的政府债券价格都出现了大幅下跌。其影响最终可能波及房地产市场。

不可否认，利率和债券收益率仍处在极低水平。英国央行在8月份将其基准利率由2009年以来一直维持的0.5%下调至0.25%，这是该央行322年历史上的最低利率水平。10年期德国国债收益率目前为0.3%，已摆脱今年早些时候落入的负值区域，但仍远低于三年前近2%的收益率。

虽然当前房地产行业主管和分析人士不再预计全球房地产价值将突然下跌，但这种担忧一直在加剧。

伦敦资产管理公司Hermes Investment Management房地产部门首席执行长Chris Taylor称，由于在更长时间内实施较低利率的政策，房地产市场存在这样一种危险，即价值并未受基本面推动。Taylor还称，特朗普的新政策建议让房地产市场背后的驱动因素更加引人关注。

早在特朗普胜选之前，围绕全球房地产市场部分领域发展过热的担忧就有所加剧。据房地产数据公司Real Capital Analytics的数据，按每平方英尺价格计算，伦敦、香港、纽约、洛杉矶和芝加哥的写字楼价值都高于2008年金融危机之前触及的峰值水平。

但对投资者来说，这些都是相对的。尽管房价飙升，但由于债券与房地产之间存在的回报率差，房地产需求一直强劲。据房地产经纪公司高纬环球(Cushman & Wakefield)的数据，在欧元区，商业房地产的收益率约为4.5%，而10年期政府债券收益率则处于负值区域。

高纬环球欧洲投资策略主管David Hutchings称，尽管一些欧洲投资者认为欧洲房价似乎很高，但亚洲机构投资者仍认为房地产存在投资价值。

Hutchings称，欧洲投资者的不安被认为是一个投资良机。

分析人士称，如果特朗普提出的政策没有生效落实，债券市场可能会恢复到今年早些时候的水平。

Rm against chinese yuan also depreciated, importer buy steel from china also become expensive, but rebar price recover due to shortage of coking coal, masteel run electric arc furnace

@mrapolo,why?

http://www.businessinsider.com.au/chart-coking-coal-prices-are-going-ballistic-jumping-over-300-in-a-year-2016-11

surging global coking coal price will not hurt masteel, masteel run electric arc furnace and the main raw materials are scrap, thus surging rebar price will benefit masteel!

http://www.cnbc.com/2016/11/09/marc-faber-now-that-trumps-won-keep-an-eye-on-commodities-emerging-markets-and-russia.html

http://www.cnbc.com/2016/11/09/marc-faber-now-that-trumps-won-keep-an-eye-on-commodities-emerging-markets-and-russia.html

buy steel stock, buy maybulk

https://www.youtube.com/watch?v=VWhvPhVQ_CQ

only stupid people will dispose masteel...

https://www.bloomberg.com/gadfly/articles/2016-11-10/forget-trump-chinese-steel-s-problems-are-home-grown

Masteel import scrap from japan as main raw material, no iron ore and coking coal, so depeciation of rm will not increase company cost...

https://www.youtube.com/watch?v=D8LfG8KE_Jw

http://in.reuters.com/article/asia-ironore-idINL4N1CU1Q9

masteel use The electric arc furnace , annjoo use The Blast Furnace
http://www.eef.org.uk/uksteel/About-the-industry/How-steel-is-made/step-by-step/The-electric-arc-furnace.htm

https://frontlineaction.org/coking-coal-steel-production-alternatives/

Starved of coal, China steel mills opt for output cuts and early repairs
http://www.cnbc.com/2016/11/07/reuters-america-starved-of-coal-china-steel-mills-opt-for-output-cuts-and-early-repairs.html
Ruby Lian and Josephine Mason
Monday, 7 Nov 2016 | 6:12 AM ET
* China blast furnaces operating at 4-month low rate -Custeel.com
* Jiangsu Shagang Group suspends a rebar output line -Custeel.com
* Seasonal weakness in demand also contributing to cuts
* Dalian coke, coking coal futures up more than two-fold this year
SHANGHAI, Nov 7 (Reuters) - Stunned by soaring raw material costs, some Chinese steel mills have cut output and even started maintenance works earlier than usual as state-enforced mine closures continue to choke off the supply of key production ingredients, coke and coking coal.
Prices of coke and coking coal, that typically account for 20 percent of steel production costs, have rallied more than two-fold this year amid Beijing's big push to curb overcapacity and pollution, hurting profits for mills.
Blast furnaces in the world's top producer and consumer of steel are as a result operating at their lowest rate in about four months, data from industry consultancy Custeel.com shows, in contrast to earlier this year when robust demand and prices prompted mills to operate at nearly full capacity.
Furnaces across China are running at 86 percent, their lowest since June, according to the data.
In Tangshan, a major steel-producing city in China's Hebei province, furnaces were running at 84 percent of capacity last week, versus around 90 percent in August, the data shows. Hebei accounts for a fifth of the country's steel output.
While a seasonal weakness in demand for rebar, or reinforced steel used in construction, during the colder months may have been a reason for the output cuts, analysts said critically low raw material supplies were a major factor.
"The severe shortage of coking coal and coke has largely lifted steelmakers production cost, forcing some to cut output," said Jin Tao, an analyst with Guotai Jun'an Futures in Shanghai.
According to Custeel.com, Jiangsu Shagang Group, China's top private steelmaker, has suspended a rebar production line, while Zenith Steel, also based in eastern Jiangsu province, is set to start a 10-day overhaul this month, Custeel.com said.
Maintenance typically takes place in December.
Shagang declined to comment and calls to Zenith went unanswered, although Custeel.com said the moves could reduce output by about 40,000 tonnes over Nov. 10-27 for the former and by 25,000 tonnes for the latter.
Any prolonged output cuts would add to the rally in steel prices, but remove some of the upward pressure on the prices of steelmaking ingredients and curb the impact of seasonally slower demand on mills' margins.
Earlier in the day, coking coal futures on the Dalian Commodity Exchange climbed by their 10 percent limit and coke hit its strongest since 2013, extending their months-long rally on tightening supplies.
Coke inventory among steel mills has dwindled to 2-10 days, versus the usual 15-30 days of production, said analyst Jin.
Some steel mills located far from coal production bases, such as Shanxi and Shaanxi provinces, have been hit particularly hard by the tight raw material supplies, traders said.
Several small mills in the western and southwestern regions have also cut output for the same reason, they added.
Exacerbating steelmakers' woes are China's stricter rules on truck transportation since September that have cut trucking capacity, adding to mills' high costs.
"It's not one simple reason, but complex factors including a shortage of coking coal and coke, surging prices, slower demand that has hurt rebar producers' profit, dragged some to losses and forced some to cut output," said Xia Junyan, investment manager at Hangzhou CIEC Trading Co in Shanghai.
(Reporting by Ruby Lian and Josephine Mason; Editing by Himani Sarkar)

Price of cooking coal rise tripple, scrap price remain

https://www.google.com/search?q=coking+coal+and+scrap+benchmark+price&prmd=nsiv&source=lnms&tbm=isch&sa=X&ved=0ahUKEwisqeL31p3QAhUMQY8KHerYA3oQ_AUICCgC&biw=601&bih=962

Masteel use scrap as main raw material, so shortage in coke will not effect masteel, now is good price to enter!

Annjoo use alot coke, masteel use scrap, so better shift to masteel

Company using scrap to produce long steel, so surge in price of coke will not effect masteel...long steel prices increase but cost remain, expected very profit in next year

http://money.cnn.com/2016/11/09/investing/infrastructure-stocks-donald-trump/index.html

http://www.shfe.com.cn/en/products/SteelRebar/

http://cn.wsj.com/gb/20161110/biz075958.asp

Dispose all, leave market...

Kana Miko, annjoo and masteel

www.shfe.com.cn/en/products/SteelRebar/

Cash = 400 million

http://www.indexmundi.com/commodities/?commodity=plywood&months=60

Posco tangilble book value per share = usd86.66
Current share price trade at usd51.67
Posco = most efficiency steel company in the world,
Annjoo trade above nta, for me too expensive, so just dispose all my steel stock!

馬建屋的29倍本益比是因為之前的會計沒有計算壞悵撥備！後來馬建屋考慮成為銀行，所以才進行二年一次性的壞賬撥備！如果之前的的會計有考量撥備，以前的淨利就會下降，現在的本益比就會下降！不可拿銀行股來做比較，銀行每一年都會為借出去的錢做評估，然後計算撥備！

klse.i3investor.com/servlets/ptres/37851.jsp
Local demand for long steel products to remain. We are anticipating upcoming infrastructure projects ie Pan Borneo, MRT2, MRT3, SUKE, DASH, EKVE, BRTs and mega developments such as BBCC, KL118, TRX and Bandar Malaysia to spur demand within the construction steel sector. In 2Q16, the Department of Statistics in Malaysia reported that the value of construction work grew 11.7% YoY. Hence, we believe demand for steel products in the local market will remain robust.

Mbsb loan to public servant to buy affordable house, less risky!

If company can achieve net profit of 1 billion in 2018, now mbsb valued at 5 billion, then p/e will be 5... This stock also trade below nta(1.2)...let see the big picture!

mbsb different story...company still growth and no involvement loan to o&g sector...

www.chinapress.com.my/20161004/perisai油科違約恐破產-油價低料更多油企倒債/

m.jrj.com.cn/madapter/futures/2016/08/26140621375418.shtml

Appointed new MD?.Will Luster become more shining and good quality? Hopefully, new MD with vast working experience and strong business network will lead luster ?.and investor more confidence......

If you are so stressful, sell all off and take a rest.

Estimate net profit of 40m in q2, hope drop more so i can double my investment, current cost per share .5146, hold 11000 lots...

Inventories = 342m
Market cap = 180m
Estimated net profit for q2 = 40m