Posted by buddyinvest > 2016-11-28 09:29 | Report Abuse

Stockmanmy, clearly you have grown up. Congrats! Many doubt Uncle K's sincerity, unfortunately only a few manage to pick the positives from every event taking place. Share market is a long learning journey. The more you learn the lesser mistakes you make.

Would like to take this opportunity to thank Uncle K for his unconditional sharing of knowledge.

Posted by VenFx > 2016-11-28 09:43 | Report Abuse

Wow, this confuse nanny really see everything in a reverse mode.

Posted by stockmanmy > 2016-11-28 09:51 | Report Abuse

Yes.....this article is to re introduce the article by KYY earlier telling people to avoid Choo Bee......and focus on CSC Steel.

Friday's MASTEEL results compared to CSC Sept results is clear proof of his wisdom....and the sincerity and wisdom of the earlier article.

Posted by leoting > 2016-11-28 09:59 | Report Abuse

compare chicken and duck? these two companies are not in same caregory in the industry...

Posted by leoting > 2016-11-28 10:00 | Report Abuse

masteel and cscsteel are not even produce same products...

Posted by VenFx > 2016-11-28 10:01 | Report Abuse

Stocknany is like that one.
He love PLP kyy ma...

Posted by stockmanmy > 2016-11-28 10:03 | Report Abuse

ven

I dare you to put your money where your mouth is.

Posted by VenFx > 2016-11-28 10:07 | Report Abuse

I dare u to check my mouth in JHM before,
proven u are far imcompetent.So, dont mix up this round .

Posted by stockraider > 2016-11-28 10:30 | Report Abuse

Rubbish loh....if CSC result good....than choobee will be good too mah...!!
What type of rubbish one good n one bad ??

They are the same industry use....same raw material....face the same industry mah....!!

Of course CSC better management on the otherhand Choobee has a better undervaluation loh....!!

Dividend wise...CSC is excellent...Choobee so so loh....!!

Posted by stockmanmy > 2016-11-28 10:37 | Report Abuse

raider...I really thought I wrote it clear enough even for a kid to understand ....

That the closure of Megasteel is a game changer for CSC but not CB.

Megasteel produces both HRS and CRS . The death of Megasteel removes a direct competitor of CSC.

CB is principally a steel trader, more than 50% of revenue....it buys and sells....the other core business of CB is manufacturing of pipes...it buys the steel from CSC/ Megasteel....CB is just a margin taker.

Posted by VenFx > 2016-11-28 10:37 | Report Abuse

Both good lar, juz i'm prefer mid stream more.

See Prestar really good results,
i hope Mycron & Melewar (the best CRC proxy) also deliver.

Posted by kchia > 2016-11-28 10:39 | Report Abuse

He posted this yesterday. and deleted it.
Then repost it today? why? because he thinks that repost it on trading day will have effect of pressing the price of choobee

Posted by kchia > 2016-11-28 10:39 | Report Abuse

or pull up the price of cscsteel maybe?

Posted by stockmanmy > 2016-11-28 10:50 | Report Abuse

raider....you know how many listed pipe makers there are in Malaysia? I think at least 5.
It is a very competitive and now very cyclical industry. The closure of Megasteel is not a game changer for CB but a big game changer for CSC.

Posted by stockraider > 2016-11-28 10:53 | Report Abuse

Choobee business quite diversify in steel related business, it is not only pipe making mah....!!
But anyhow...even pipe making...prospect will be good too, bcos alot of water works infra project coming up loh...!!
Choobee quite efficient in pipe manufacturing loh...!

Posted by stockraider > 2016-11-28 10:55 | Report Abuse

The main challenges facing csc and choobee...are strong usd and rising iron ore prices loh....!!

Both will face higher cost inputs and both need to past the cost to end users mah....!!

Posted by stockraider > 2016-11-28 10:58 | Report Abuse

But rising cost of inputs...is better than falling cost of inputs bcos....this mean....financial strong company has the pricing power loh.....!!

Therefore both will do well loh....!!

Posted by chonghai > 2016-11-28 11:29 | Report Abuse

@Stockmanmy Both CSCSTEEL and CHOOBEE will benefit from closure of Megasteel.
1). MEGASTEEL is both supplier to CSCSTEEL and CHOOBEE, not a major competitor.
2). Closure of MEGASTEEl will allow CSCSTEEL and CHOOBEE to import cheaper HRC from international market.
3a). If an investor is looking for quality, then CSCSTEEL is the right choice.
3b). If an investor is looking for undervalue stock, then CHOOBEE is the right choice.
3c). If an investor is looking for technology leader, then probably ANJOO would be the correct choice.

Posted by stockmanmy > 2016-11-28 12:20 | Report Abuse

chong

wrong...Megasteel do not produce CB products. NO GAME CHANGER WHEN mEGASTEEL DIES.

Posted by stockmanmy > 2016-11-28 12:22 | Report Abuse

CB, AJ, MASTEEL all operate under very competitive situations and no pricing power.
You can see from their Chairman's Statements.

when Megasteel dies, it is such a game changer for CSC, that CSC can fly
fly like an angel.

Posted by stockraider > 2016-11-28 12:25 | Report Abuse

Aiyah u think CSC got pricing power meh ??
It also compete with people like Mycron and import too loh....!!

The good thing....nowadays no....mega steel....can source cheaper raw material loh....!!

Posted by popo92 > 2016-11-28 12:48 | Report Abuse

Choobee sell downstream products which will have higher margin. Upstream products usually have fierce competition compare to downstream players. Btw choobee definitely used to buy raw materials from megasteel. Being an good accountant nor strong business sense doesn't make you know better with steel industry. Being rich or being good in the past doesn't make you a good fortune teller.

Posted by PlsGiveBonus > 2016-11-28 13:01 | Report Abuse

Blue chip?
This business with very high competition and no moat,
I highly doubt it can compete with some of the biggest blue chip in Klse, Axiata, pbbank, maxis, digi which is highly moated blue chip

Posted by stockmanmy > 2016-11-28 13:04 | Report Abuse

its the fight for market share.

When Megasteel dies...their customers become CSC customers....that is called a game changer.

Posted by VenFx > 2016-11-28 13:05 | Report Abuse

I hope u know what u r talking about.

Posted by stockmanmy > 2016-11-28 13:06 | Report Abuse

ven


I study accounting only not marketing.

but even a kid also knows about fights for market share and what happens when a major competitor dies.

Posted by stockmanmy > 2016-11-28 13:27 | Report Abuse

Bonus

To be a blue chip....first I consider market cap must exceed a billion dollars.
Stable earnings and sells to many industries. Many industries use their products.
Well managed, plenty of cash, market leader, biggest in its industry and......it is not a small industry.

Posted by stockraider > 2016-11-28 13:51 | Report Abuse

Why we should not avoid choobee when looking into csc ??
This is bcos is highly undervalue....had plenty of cash....most important it is a very small cap mah.....!!
Thus profit rebound....choobee....will make a bundle loh...!!

CSC is also a good company, got alot of cash and pays good dividend..but it is a bigger cap compare to choobee loh...!

Posted by PlsGiveBonus > 2016-11-28 14:37 | Report Abuse

Blue chip usually have more quality than any small company
Most of the time blue chip is determined by the business nature
For example bank is destinated to be blue chip no matter how badly they are managed,
The good management is just helping the company to grow faster to be blue chip.
If the business nature is very niche, no matter the best management will not make them the blue chip.

Posted by ABCDEFGHIJKLMN > 2016-12-01 00:18 | Report Abuse

It was stated very clearly in all quarterly & annual reports, wonder people read these reports before buying CB

stockmanmy CB is principally a steel trader, more than 50% of revenue....it buys and sells....the other core business of CB is manufacturing of pipes...it buys the steel from CSC/ Megasteel....CB is just a margin taker.
28/11/2016 10:37

Posted by VenFx > 2016-12-01 00:38 | Report Abuse

Jump in Oil & Steel, comodities theme coming back strong.

Posted by stockraider > 2016-12-01 22:25 | Report Abuse

Raider again accumulated some choobee...all the waydown with average price of Rm 1.62....the buyer had become stronger & stronger mah...!!