Posted by probability > 2017-05-15 22:54 | Report Abuse

for qtr ending Dec16, guess Mycron's EBITDA margin did not follow YKGI's trend.....why?

I think the significant compression of the CRC segment margin of Mycron was masked by the improvement on its Steel Tubes segment.

Now that the CRC segment margin had improved as reflected by YKGI Mar17 results, Mycron's earnings should double its preceeding qtr results (assuming its Steel Tube performance remains the same).

Posted by probability > 2017-05-15 22:56 | Report Abuse

YKGI is definitely cheap...it will be superb investment if the current positive factor on local steel industry remains. I am just curious why its revenue did not increase despite the rise in steel price (iron ore)?

Posted by stockmanmy > 2017-05-15 23:14 | Report Abuse

don't buy this buy what?

Posted by stockmanmy > 2017-05-15 23:42 | Report Abuse

Just make sure the lion is docile.

Posted by StocksWatcher > 2017-05-15 23:44 | Report Abuse

Nice article and pick up, Icon8888. Chart wise, YKGI is forming support at 0.245 now. Few weakness came in along the way but the support holds firm till now. In fact, there is some higher than avg vol being traded today but unfortunately, it failed to have a nice closing at 0.255 - 0.260.
Having said that, vol done from 0.255 to 0.250 is only a mere 5k units which I normally consider it a "noise" from the market
Overall, TA wise, YKGI looks promising

Posted by VenFx > 2017-05-15 23:46 | Report Abuse

As a major Steel services providers in E.M. , I do hope Yung kong continue trimming off the highly competitive division (eg. Sold off SNU kote paint to KTC); perhaps bring in more value adding to the existing steel segment.

Posted by Musangfoxk1ng > 2017-05-15 23:52 | Report Abuse

Icon, how about SSteel? U did'nt write for it??

Posted by stockmanmy > 2017-05-15 23:56 | Report Abuse

with Nippon Steel & Sumitomo Metal Corp in 2010.

Japanese play, Sarawak play, steel play, turnaround play.

even discounts to NTA for kc

$ 100 million turnover per quarter....a few points increase in margin, it will repeat Q June 2016 PBT of $ 8 million....and share price 40 sen ( Sept 2016) in a less bullish environment.

Posted by stockmanmy > 2017-05-16 00:49 | Report Abuse

every out performing portfolio needs a portion in small cap turnaround play.

Posted by stockmanmy > 2017-05-16 01:17 | Report Abuse

Its a smart bet
Make money or not is beyond our control.

Posted by stockmanmy > 2017-05-16 02:57 | Report Abuse

Personally I don't have YKGI, but I have Hiap Tek,

I guess it is the same, one do well, both do well.

I prefer Hiap Tek because its turnover is about 3 X larger.

Posted by Squirtle > 2017-05-16 09:22 | Report Abuse

Brother Icon picks usually keng chao.
Huat Huat!

Posted by speakup > 2017-05-16 09:30 | Report Abuse

icon8888 recent picks no good. Bjcorp & Bjtoto both underperform

Posted by Squirtle > 2017-05-16 09:48 | Report Abuse

Will fly if can break 27c.
Huat Huat!

Posted by Flying Man > 2017-05-16 17:48 | Report Abuse

Hiap Tek profit margin are abangadik to YKGI, so both either huat together or cry together

Posted by OptimusCallMeBaba > 2017-05-17 00:16 | Report Abuse

Now only want to cook, too late lah lol

Posted by OptimusCallMeBaba > 2017-05-17 00:17 | Report Abuse

Bjcorp & Bjtoto not only underperform, but very lousy indeed

Posted by Ryan88 > 2017-05-17 01:21 | Report Abuse

Icon picks and article promote method can not works in GOreng market this year 2017.

Many good companies underperform, and many bad companies over perform

Posted by pussycats > 2017-05-17 07:51 | Report Abuse

better buy O&G counter, more upside.

Posted by dusti > 2017-05-17 10:11 | Report Abuse

Ha ha ha

Posted by KLCI King > 2017-05-17 12:22 | Report Abuse

expired already, no more magic

Posted by yktay1 > 2017-05-18 14:41 | Report Abuse

Hi Icon, isn't the price of raw materials (iron ore) passed on the customers? Isn't this the typical practice in the industry?

Posted by Icon8888 > 2017-05-18 20:08 | Report Abuse

In the annual report, it was mentioned that if product price too high, demand will come down (for example : roofing material).

As such, the manufacturers will have to absorb some of the cost

This is my understanding, not sure whether correct or not

Posted by Blacksails > 2017-05-18 20:14 | Report Abuse

Don't pick Vincent Tan stocks becoz many investors boycott him. Serious investors all know this fact.

Posted by Blacksails > 2017-05-18 20:21 | Report Abuse

Not saying YKGI is Vincent but BJcorp is