I believe I am not too bad a player. I keep what I think is good stock. I don't simply speculate.Well,since I am welcome here I retreat. Good luck friend.
WealthWizard is looking at RM1.68, he also suggested RM1.44, it is up to you if you want to set at even lower target price, everyone is freely to lock in the profit as long as you feel comfortable.
Wow, WealthWizard is the real sifu, his projection in Mycron's sales quantities & production capacity are really close, please refer the sales tonnes & production capacity to compare:
Something new & really interesting on page 13, the company disclosed the selling prices of HRC that sourced from locally & internationally. What a good effort to give transparency to investing community.
WealthWizard...look forward for your latest analysis based on the 2016 Annual Report which contains data on the Production throughput and Selling Prices.
Koon man should come here to see how wealthwizard presented his findings & workings, not by simply said only, all got proved & very deep industry look.
A003...KYY is too late for such presentation...he uses psychology tactics...not facts. His brain cells cannot re-wire anymore.
He humiliates the poor by saying luk at yourself in the mirror...and ask yourself why you are so poor?
And then he will come with his indirect recommendations...dares you to buy etc ...and explicitly tells you not to sell at a price it will never touch again... and completely ignores from talking about the stock once it falls.
He entices the weak - less knowledgeable who dreams big...buy saying he has noble intentions...and showing off how he made money...and how rich he is...
With the latest margin spreading stay above Rmb 1080 / Rm 663 , Mycron shall has an estimation of at least 15.5cents earning per share by its Qtr of Dec16 . yet, China Crc still uptrending ... this really Big Bull coming.
To put it simpler, a Midstream player Mycron purchase HRC from upstream players to produce CRC . In return Mycron sell their product with better margin to end user or dowstream players.
Our currency is weak again RMB, eventually material will cost up also. Let says the finish goods is sold in local, even with surge in CRC price mycrons still facing tight margin. Is it true?
most of their purchasing for raw materials has been denominted in USD; pls read their Annual report 2016 (p.100). As far as i know for every 3% depreciation in Rm the overall net profit of the group will be cut by Rm$373 K .
Given the above Melewar could face forex lost apprx. $1 mil .
What i'm more concern here is Melewar's Engineering division is going to break even or not by this qtr.Thei eng. div. has caused Melewar slice out of Rm 10mil during 2016 annual report. Very likely the lost from the eng. div. is a one time impairment lost for the provisional item.
I don't agree with Calvin Tan & I strongly believe there will be only ONE WINNER, CRC steel mills, not steel bar producers.
CSC Steel has performed within my expectation, Mycron will produce reasonable results, if not better than last Q as due to Bulan Ramadhan & Hari Raya, it will definitely far better than last year's same quarter.
Masteel has proved my point, nothing to argue with that. It is not ethical if Calvin Tan wish to divert attention from investing public towards its call on Masteel.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
moneySIFU
5,862 posts
Posted by moneySIFU > 2016-10-27 11:40 | Report Abuse
Cchuanlim,所以你还是知其一而不知其二,在现在股市不景和钢铁正在低潮时,作者毅然在这间公司从0.58跌到最低0.44的时候,一口气连写了三篇文章,为我们解析有关冷轧铁和热轧铁的行业和公司分析。不晓得你是否知道这个事实呢?
你意有所指的理论,是不是有点不负责任?