Mycron may yield a spectacular result...we never know.. But looking at some other steel performers (YKGI, ANNJOO including cscsteel) i would prefer to stay sideline at current price.
Only CRC steel mills will produce outstanding results, reason? Because closure of megasteel.
Why other upstream may not produce flying result, because price of rebar was still below RM2000.
The reason for other steel companies made fantastic profits during period of April & May were due to sudden surge in steel price & selling of old stocks.
True $$-sifu..AnnJoo's performance cannot be linked to Mycron. I am still very optimistic on Mycron...but exactly like what $$-sifu said, im only concern on the margin of safety.
My only concern is how good Mycron is at transferring the rise on cost of imported raw material to the CRC or Steel Tube buyers... if they can do it well...results will be excellent.
Just want to be transparent on my opinions..certainly could be wrong.
Why so ? Mycron has been demonstrated strong uptrend pattern from $0.21 - $1.20 within 8 months period. Price would have at least retreat back to $0.90 if the sentiment not favourable ahead. Let the result talk.
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....
8wpwtmt8
2,949 posts
Posted by 8wpwtmt8 > 2016-11-17 16:31 | Report Abuse
Roadblock at RM1.13 temporary cleared! Now waiting for closing price for today.