CSCTEEL quarterly EPS 2016 Cent (2.43, 7.95, 6.57, 1.68) and 2017(4.47, 3.91, 3.80, 4.01). Mr. Koon truth to his words bought CSCTEEL on the way up in millions and Sold CSCTEEL in the millions on the way down. By the way LIONIND had acquired Megasteel and will restart production of HRC. For downstream players like Prestar, Choo Bee they are selling their products directly to the end users hence they have better control of their cash flow, cost and profit margin.
Perhaps Mr. Calvintaneng as good neighbor can lobby the Singapore government to buy more construction steel, cement and palm oil from Malaysia.
Alex dunno la... Alex only know steel play is only gooding if infra and property are booming. But Alex punya properly and infra stock also kesian, but steel huat?
I went to look up on Cscsteel Annual Report and Company news.
Cscsteel sells
1. Flat steel sheets for roofing materials. Among its customers is Astino.
2. to Automotive car parts, door panels and others. So both Proton, Perodua, Naza and all other Car companies
3. Consumer goods like fridge and many others
So Cscsteel will do very well on these 2 reasons:
1. Removal of GST powers up consumer spending
2. Tun Dr M emphasis on cars and more cars will increase demand for Cscsteel products
CSCSTEEL IS ALSO CASH RICH AND PAYING A VERY NICE 7.5% DIVIDEND.
A VERY PRUDENT MANAGEMENT FOR MANY YEARS ALREADY.
ITS PRIME FACTORY LANDS IN MELAKA IS SITTING ON A GOLD MINE JUST BESIDE THE HIGHWAY FROM AYER KEROH GOING INTO MELAKA TOWN. IDEAL FOR CONVERSION INTO A RESIDENTIAL/COMMERCIAL TOWNSHIP
Calvin has a very small position in Cscsteel only. Just about 10,000 shares only. If prices of Cscsteel goes down togather with the fall of long steel i will add more on weakness. I had already sold and taken profit on my 2 long steel - Masteel which was bought at 66 sen and Prestar i bought near bottom at 45 sen.
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....
Koon Bee
5,187 posts
Posted by Koon Bee > 2018-08-24 04:10 | Report Abuse
Calvintaneng no need sleep kah?