Posted by Diamond7 > 2016-08-27 15:34 | Report Abuse

Seems Mr Gan still a lot more to sell.....
..Why is he selling?
Sporean major share holder???
It will bring down the price....
Am I right?
Buy on weakness.....

Posted by mbs7633 > 2016-08-27 16:10 | Report Abuse

just sharing an article from The Busy Weekly 2 July 2016 :)

http://www.pressreader.com/malaysia/the-busy-weekly/20160702/281578059977260

Posted by moneySIFU > 2016-08-28 01:31 | Report Abuse

Well said, Zefftan, though we can read the reason of increase in cash from the cash flow statement in the latest QR, it is good to be pointed out to share.

Posted by moneySIFU > 2016-08-28 01:37 | Report Abuse

Having huge cash in hand does not guarantee success, we can see it in Proton 20 years ago.

But, with huge cash in hand and good cash inflow every year, it will enable the management to continue distributing its profits to shareholders via dividends in future, just like what they did in the past years.

Posted by paperplane2016 > 2016-08-28 21:00 | Report Abuse

Why you wanna care who set what tp? Do your own homework studies!you can then sleep well!

Posted by Lulu La > 2016-08-28 21:06 | Report Abuse

OTB can verify..haha

Posted by yeekarwai88 > 2016-08-28 23:45 | Report Abuse

why good.news

Posted by tkk1127 > 2016-08-29 09:58 | Report Abuse

Good news because minus of 1 competitor and decrease in supply but demand still maintain. Hence, it will increase the steel price.

Posted by moneySIFU > 2016-08-29 10:09 | Report Abuse

I realise that many of my comments were unable to be posted by the system last few days, tried different devices, iphone, ipads, notebooks & browsers also won't work.

Posted by Wai Hoe Chai > 2016-08-29 10:15 | Report Abuse

on boat 147. hope is good investment

Posted by pingdan > 2016-08-29 13:56 | Report Abuse

Start to move abit already.. At least

Posted by pingdan > 2016-08-29 15:37 | Report Abuse

I wonder Mr Gan left how many shares in his pocket...

Posted by moneySIFU > 2016-08-30 00:43 | Report Abuse

Start to go up?

Posted by YOLOOOO > 2016-08-30 09:35 | Report Abuse

CRC price always move with HRC, so no big deal

Posted by moneySIFU > 2016-08-30 11:22 | Report Abuse

The clear advantage of CSCSteel is having huge cash & no borrowings PLUS decent payout of dividend

Posted by Albukhary > 2016-08-30 11:30 | Report Abuse

MYCRON is good, but MYCRON management is lousy, not reliable.

Posted by Albukhary > 2016-08-30 11:31 | Report Abuse

just like compare Alliance Bank with Public Bank, u can see Alliance Bank have lower PE, lower BV to Price to ratio, but we still buy public bank, because of the management.

Posted by nojokehere > 2016-08-30 13:08 | Report Abuse

i like how albukhary interpret. i share the same view.

Posted by Jack888 > 2016-08-30 21:03 | Report Abuse

Slow and steady...target price RM1.80

Posted by warmblood > 2016-08-31 08:51 | Report Abuse

quarter 2 still dont have much effect about ADD. quarter 3 and quarter 4 will have another big leap of profit. estimate Q3 around 5-7sen.

As mentioned on other still company -- the demand wont be an issue as there are alot of construction and project going on. CRC demand should me flat.

TA -- is already break the 10 years resistance on 1.45
Cscsteel shd going uptrend if megasteel remain closed.

Posted by MrKiasu > 2016-08-31 11:37 | Report Abuse

CSC is a very strong company and influencing in Taiwan and China market in the pass history. Market used to refer to their forecast steel price as a benchmark when adjusting their selling price. Because of the recent rapid growth of China economic & futures market in the decade, China steel price became the benchmark. During end of 2015 when the market is still in oversupply condition, CSC has announced their forecast products price in an uptrend moving for the next three month until March 2016 and the market is very surprise with that. Again, CSC is right and very much ahead than many steel manufacturers. Many times they have done an accurate forecast about the steel market in Southeast Asia. All "chun chun"!

Posted by Sigmund1118 > 2016-08-31 22:02 | Report Abuse

Money sifu, you are right . Southern steel have venture to HRC with spend capex around 400M in last 2 years. But they are still hold new plant for production due to technical issue

Posted by moneySIFU > 2016-09-01 09:15 | Report Abuse

Effectively, Malaysia seem do not have HRC producer at this moment of time, as according to Mycron's report in AR2015 & latest QR.

Megasteel = ceased operation

Southern Steel = Disputing with solution provider, installation stalled.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5192829
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5145225

Posted by Lulu La > 2016-09-01 09:57 | Report Abuse

No operation locally mean they can enjoy lower material cost from china?

Posted by moneySIFU > 2016-09-01 10:25 | Report Abuse

Hehe, that's the beauty part.

On CRC, Malaysia imposed anti dumping duties, so selling price will be maintained or even increased.

While on HRC, which is input material for CRC producer like CSCSteel & Mycron, can not be produced locally and have to be imported, enjoy lower price with saving of at least RM400 per tonnes if compared to previously sourced from Megasteel.

Imagine the average selling price of CRC is ranging from RM2050 to RM2,100, the saving is incredibly huge.

Posted by moneySIFU > 2016-09-01 10:31 | Report Abuse

One more thing, megasteel ceased operations in Feb 2016 & laid off workers on 1/4/2016.
http://www.nst.com.my/news/2016/04/140006/over-200-megasteel-workers-stage-protest-following-layoff

Senior Manager-Group Human Resource at Lion Group said:
“We are hoping for a MIRACLE so that the local steel industry will get better and we all can go back to work as usual,”

Posted by moneySIFU > 2016-09-01 10:31 | Report Abuse

Even senior staff also hope for MIRACLE for the company, it is scary.

Posted by Lulu La > 2016-09-01 10:34 | Report Abuse

Haha..malaysia steel player really tough for the recent years

Posted by moneySIFU > 2016-09-01 10:41 | Report Abuse

Hehe, the falling of megasteel is good news to CRC companies.

Megasteel has been given chances for many years but still can't make it. This is sad story.

Posted by Jack Wong > 2016-09-01 11:20 | Report Abuse

Haiz, I sell already cscsteel at 1.51.It had reach new high ， very hard to increase again if no good new release. Will back to 1.4+ something

Posted by moneySIFU > 2016-09-01 12:00 | Report Abuse

Short term long term does not matter, as long as making money

Posted by Traderi3 > 2016-09-01 13:34 | Report Abuse

Uptrending above SMA10 now, u sell? haha just hold as tight as u hold your wife, break 1.53, u will see 1.6.

Posted by bonus2016 > 2016-09-01 14:23 | Report Abuse

i agree with Tradei3, it just back to the place it should be, now the uptrend just start to move toward 1.60+, i will holding it tightly, just regret not buying more during 1.42, no more much flow cash in ac, just can top up some, but is lucky already, dont be over greedy in share market, now market sentiment is not good and not stable, but cscstel still can move forwards slowly and steady ! cheers !

Posted by Jack888 > 2016-09-01 14:26 | Report Abuse

看來正等待下午会试冲破 RM 1.53 關口....正等待着 ...

Posted by Ymchan > 2016-09-01 16:10 | Report Abuse

sold at 1.52..good luck for the rest of the buyer

Posted by YOLOOOO > 2016-09-01 17:21 | Report Abuse

close at new high hmm

Posted by moneySIFU > 2016-09-01 17:22 | Report Abuse

Company bought back at RM1.48

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5194713

Posted by moneySIFU > 2016-09-01 17:27 | Report Abuse

Abdulrahim, pls indicate your source of info, or else you are just talk cock only?

Posted by yeekarwai88 > 2016-09-01 17:28 | Report Abuse

why HRC price improving is in favour of.cscstel?
why not the lower the.better? HRC is raw material for.cscstel.

Posted by bonus2016 > 2016-09-01 17:41 | Report Abuse

moneySIFU, the share buyback is just summary of 22 August at 1.48, isnt it? i though today got another round of share buy back, anyway tq for sharing. hopefully cscstel can break 0.160 in near term, for middle term, hopefully it can be at 0.17 - 0.18 level, cheers

Posted by Jack888 > 2016-09-01 18:17 | Report Abuse

hope 2morrow can break RM1.53....then it will fly to touch RM1.60 and above.

Posted by bonus2016 > 2016-09-01 20:13 | Report Abuse

Jack888, yup, u are right, now at uptrend, is good to close at 1.53 today, but not stable at 1.53, tomorrow need to break it and cross 1.55 to 1.60.

Posted by tempac > 2016-09-01 22:33 | Report Abuse

I must say i do my homework very well, especially on CSCSTEL and I'm more confident that Ooi Teik Bee gives TP 2.97 to this counter.

Someone said that it had reach new high. Please take a look at GKENT, GADANG & KESM, all break its historal price and how they perform now?

CSCSTEL is on focus. I guess steel price may break new high record in SEPTEMBER & OCTOBER very soon.

Posted by auyong > 2016-09-01 23:42 | Report Abuse

sorry where can view the steel price?

Posted by ffforever > 2016-09-02 12:55 | Report Abuse

Slow and steady...

Posted by Jack888 > 2016-09-02 14:28 | Report Abuse

一直在上升轨道....继续向上冲.

Posted by nicky11 > 2016-09-02 14:33 | Report Abuse

It is breaking 52 weeks new high. It is a good sign.

Posted by yeekarwai88 > 2016-09-02 14:33 | Report Abuse

new high everyday.

Posted by moneySIFU > 2016-09-02 15:33 | Report Abuse

Very strong buying forces.... gogogo

Posted by yeekarwai88 > 2016-09-02 15:35 | Report Abuse

我靠!那么厉害!