Posted by hewiester > 2016-10-18 20:05 | Report Abuse

Once steel companies are hit by some sort of new impose tarriff hikes on budget day.. then pls expect blood on the dance floor :(

Posted by Goodiinvestor > 2016-10-18 20:10 | Report Abuse

Please don't simply spread the rumor. B good to everyone, and everyone is earning money !
I foresee mycron will stagnant or slight drop in coming 3 days is related to technical chart .
Nothing to do v budge 2017

Posted by Goodiinvestor > 2016-10-18 20:12 | Report Abuse

I believe institute holders for mycron are local institutions.
Very simple . Index up , local institution will sell
That's explain why mycron drop back b4 closing

Posted by hewiester > 2016-10-18 20:43 | Report Abuse

i am NOT spreading anything that is of rumor. I am just saying that it may or will drop in the next few days becus everyone is furious or holding back as they awaits for budget day!

Posted by hewiester > 2016-10-18 20:45 | Report Abuse

Plus, it can't be GREEN everyday! IT has been green for the past 2 days.. so expect some red.

Posted by moneySIFU > 2016-10-18 22:39 | Report Abuse

Actually I don't really care if it is red or green, as long as I know where will it be later. Up, I let it fly, Down, I wait for chance to add more.

But when we said something, it must be able to be verifiable.

Posted by moneySIFU > 2016-10-18 22:41 | Report Abuse

My question is very simple, since you mentioned about tax tariff or impose tariff hikes, can you specifically point it out what kind of tax you are referring to?

Posted by moneySIFU > 2016-10-18 22:42 | Report Abuse

I will truly appreciate if you can share with us

Posted by KLCI King > 2016-10-18 22:49 | Report Abuse

Aiya, moneysifu, there are always some people try to pretend to be smart. Judging from the way he was talking, he will never know how to answer you. lol

Posted by KLCI King > 2016-10-18 22:50 | Report Abuse

See, he just want to twist here twist there, what he know about tax? GST? Income Tax? Import Tax? Excise Duty? Value Added Tax? Sin Tax?

Posted by rkpvr > 2016-10-19 09:25 | Report Abuse

Good morning guys...http://money.usnews.com/investing/articles/2016-05-27/are-steel-stocks-a-good-buy-in-2016

Posted by heaven123 > 2016-10-19 12:57 | Report Abuse

Ann Joo plenty.

Posted by moneySIFU > 2016-10-19 15:27 | Report Abuse

hmm.... hewiester, import duty for steel importers are good news to all steel mills, not bad news.

Posted by hewiester > 2016-10-19 20:14 | Report Abuse

does anyone knows what is the next TP for mycron?

Posted by bing > 2016-10-19 22:50 | Report Abuse

m know but m dont want to tell you. guess?

Posted by UniC > 2016-10-19 22:54 | Report Abuse

i know. you beg me first i tell you the tp.

Posted by probability > 2016-10-19 22:57 | Report Abuse

i am 100% certain whats the next TP....
lets troll...

Posted by Benjamin_8888 > 2016-10-19 23:09 | Report Abuse

Kuih also here

Posted by moneySIFU > 2016-10-19 23:22 | Report Abuse

hi hewiester, you may visit here as reference: http://klse.i3investor.com/blogs/wealth123/103812.jsp

Posted by WealthWizard > 2016-10-20 10:44 | Report Abuse

It will normally be ranging at PE6-8 for a good cyclical company, PE8-10 for a leading company.

Posted by WealthWizard > 2016-10-20 10:45 | Report Abuse

If the prospect remain good & strong, market may re-rates to higher

Posted by WealthWizard > 2016-10-20 10:47 | Report Abuse

At current price (RM0.965), forward PE for Mycron is expected at 4.12times, any price goes down lower than RM0.90 will attract bottom fishing activities,

Posted by Hunter2016 > 2016-10-20 11:04 | Report Abuse

http://klse.i3investor.com/blogs/chinasteel/106758.jsp
beware

Posted by WealthWizard > 2016-10-20 11:36 | Report Abuse

Management has replied my email to rectify the sales volumes & confirm on the average selling prices for the last 4 quarters.

Spoken to one of the important officer that the company is now looking at the various options to tap into the import-substitution market in Malaysia due to constraints of existing production capacity.

Posted by WealthWizard > 2016-10-20 11:36 | Report Abuse

http://klse.i3investor.com/blogs/wealth123/106099.jsp

Posted by WealthWizard > 2016-10-20 11:47 | Report Abuse

My understanding is this:
1. Company is running at almost full capacity, it happen to CSCsteel as well. (Please refer to last QR of Mycron & CSCSteel, both already running at very high capacity)

2. Increase in price of imported CRC due to anti-dumping duties AND price increased in China produced CRC

3. Profit driven future expansion plan, I will think Mycron & CSCSteel will try to boost its production capacity via acquisition or building of new production lines.

Posted by probability > 2016-10-20 12:03 | Report Abuse

Another thing Mycron could do is fully utilize its Steel Tube segment....

Posted by Benjamin_8888 > 2016-10-20 12:29 | Report Abuse

Hi WealthWizard, how is the revenue and average selling price? good?

Posted by moneySIFU > 2016-10-20 16:12 | Report Abuse

Thought will drop some so can collect more, that's the reason I have been quiet the whole day, sigh....

Posted by Mudamuda Remaja Mudamuda > 2016-10-20 16:17 | Report Abuse

gogogo

Posted by moneySIFU > 2016-10-20 16:17 | Report Abuse

That's call Stock Market, waited waited but just don't make your wish to collect more, then suddenly just shoot up....

Posted by probability > 2016-10-20 16:18 | Report Abuse

wow...this is crazy!

Posted by Mudamuda Remaja Mudamuda > 2016-10-20 16:18 | Report Abuse

good budget for steel industries

Posted by moneySIFU > 2016-10-20 16:18 | Report Abuse

Ya, crazy, but I cry, really hope to collect more today... 2 days never down

Posted by nicky11 > 2016-10-20 16:19 | Report Abuse

I wish to collect some at lower price but it suddenly boost...lolz

Posted by hewiester > 2016-10-20 16:21 | Report Abuse

oh yeaaa.. what happened? everything just jump?

Posted by rkpvr > 2016-10-20 16:22 | Report Abuse

For contra players do take profit for now..Good luck..God Bless

Posted by WealthWizard > 2016-10-20 16:22 | 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 16:23 | Report Abuse

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

Posted by Lulu La > 2016-10-20 16:23 | Report Abuse

Why so sudden

Posted by WealthWizard > 2016-10-20 16:25 | Report Abuse

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

Posted by Benjamin_8888 > 2016-10-20 16:26 | Report Abuse

Thank you

Posted by moneySIFU > 2016-10-20 16:34 | Report Abuse

OMG, 1.02 cleared....

Posted by moneySIFU > 2016-10-20 16:35 | Report Abuse

Thank you, wealthwizard for sharing, look forward for your next article, it is very useful & informative.

Posted by probability > 2016-10-20 16:36 | Report Abuse

wondering who are these big shots buying....

Posted by Lulu La > 2016-10-20 16:39 | Report Abuse

Belum masuk la my fren

Posted by pang72 > 2016-10-20 16:40 | Report Abuse

This is ....

Posted by dief > 2016-10-20 16:40 | Report Abuse

whats going on?

Posted by Good_Trader > 2016-10-20 16:47 | Report Abuse

yeah ! happy day !

Posted by probability > 2016-10-20 16:49 | Report Abuse

Pang72...2 days delayed...hope you forgive Mycron

Oct 18, 2016 09:29 AM | Report Abuse

I want to see it breaking rm1.00by today