Posted by probability > 2016-10-20 22:46 | Report Abuse

thanks for the info Harryt30...even myself missed seeing that information at B3 - Prospect for next Financial year. Especially on the Constraint faced by the Steel Tube Segment...

Posted by WealthWizard > 2016-10-20 22:50 | Report Abuse

Based on my projection of future profit for Mycron, the following are estimated:

30/9/2016 - 5.34
31/12/2016 - 6.44
31/3/2017 - 6.53
30/6/2017 - 4.29
Total = 22.6 cents

I will release my calculation & projection at the coming CRC Part 4 article.

Posted by WealthWizard > 2016-10-20 22:51 | Report Abuse

(5 Sep 2016) Bright Future for CRC Steel Producers: CSCSteel, Mycron, Eonmetal & YKGI (Part 1)
http://klse.i3investor.com/blogs/wealth123/103741.jsp

(6 Sep 2016) Huge Potential Upside for CRC Steel Producers: CSCSteel (+24%) & Mycron (+90%) (Part 2)
http://klse.i3investor.com/blogs/wealth123/103812.jsp

(12 Sep 2016) Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

Posted by WealthWizard > 2016-10-20 22:52 | Report Abuse

I also revised my target PE from 5 to 7 due to latest positive development in CRC industries (Malaysia & China)

My target price now is RM1.58, I will explain in my next article

I said the above at Mycron forum right before the surge today.
http://klse.i3investor.com/servlets/stk/5087.jsp

Posted by Benjamin_8888 > 2016-10-20 22:54 | Report Abuse

Probability, good for choobee? :-)

Posted by Benjamin_8888 > 2016-10-20 22:58 | Report Abuse

Good to see predicted EPS of 22cents

Posted by moneySIFU > 2016-10-20 22:58 | Report Abuse

Yes, probability, steel tube producers MUST get 100% HRC from Megasteel previously.

In Malaysia, CRC players are required to buy half of their HRC requirements from Megasteel while other HRC users, such as pipe makers, are required to buy all or a large portion of their HRC requirements from the company.
http://www.thestar.com.my/business/business-news/2016/09/10/megasteel-closes-banting-plant/

Posted by probability > 2016-10-20 22:59 | Report Abuse

Benjamin...Of course its good for Choo Bee!

Posted by Benjamin_8888 > Oct 20, 2016 10:54 PM | Report Abuse

Probability, good for choobee? :-)

Posted by moneySIFU > 2016-10-20 23:00 | Report Abuse

If Harry can introduce or recommend stocks to look at or invest, that's will be great. Rather than now always writing something that are happening now or had happened.

Posted by probability > 2016-10-20 23:02 | Report Abuse

$$-sifu... When a company does a re-valuation gain on its inventory...is it taxable?

Posted by moneySIFU > 2016-10-20 23:08 | Report Abuse

Company will not normally do revaluation for inventories because it will be used for production of income anyway.

If inventory cannot be sold within a business cycle, the value will be very likely depreciated due to unable to sell.

Posted by moneySIFU > 2016-10-20 23:09 | Report Abuse

But it is different case for unsold units for property development, it is more complicated.

Posted by Benjamin_8888 > 2016-10-20 23:10 | Report Abuse

Lucky I still hold choobee :-) thanks

Posted by moneySIFU > 2016-10-20 23:12 | Report Abuse

If the cost of materials has increased, it mean the company can produce finished goods with cheaper existing raw material in store, and it will translate into better profit margin.

Posted by probability > 2016-10-20 23:13 | Report Abuse

Thanks $$-Sifu...

Posted by Koon Bee > 2016-10-20 23:15 | Report Abuse

Best ever article...TP 1.80

Posted by moneySIFU > 2016-10-20 23:22 | Report Abuse

This is not pump & dump stock, it is supported by results and very good business prospects ahead.

Posted by Alex Lim Jun Xiong > 2016-10-20 23:32 | Report Abuse

Still safe to enter tomorrow?

Posted by ronnietan > 2016-10-20 23:34 | Report Abuse

Drat. I've sold some, partly because it's part of Melewar group.

Posted by Koon Bee > 2016-10-21 08:27 | Report Abuse

Tp 1.80

Posted by moneySIFU > 2016-10-21 09:56 | Report Abuse

China CRC price up 26% from 23/6 to now, very fantastic future for Malaysia CRC producers.

2016-10-20 - 3716.67
2016-10-19 - 3681.11
2016-10-17 - 3621.11
2016-10-05 - 3508.89
2016-09-10 - 3485.56
2016-08-22 - 3421.11
2016-07-20 - 3111.11
2016-06-23 - 2950.00

http://www.sunsirs.com/uk/prodetail-318.html
http://www.100ppi.com/vane/detail-318.html
http://klse.i3investor.com/files/my/blog/img/bl2751_crc_price_in_china.jpg

Posted by moneySIFU > 2016-10-21 10:42 | Report Abuse

China CRC is direct competitor (major imports) to local CRC producers (CSCSteel & Mycron), there are 3 very good factors in building the moat for CSCSteel & Mycron:

1. Increase in China CRC make imports more expensive
2. Anti-dumping duties over China CRC make them even more expensive
3. Meanwhile, Mycron can import import-duty exempted HRC with saving of RM400 per tonnes
4. CSCSteel will import HRC from its taiwan HQ with lesser saving, no sure how much but definitely less than RM400.