Posted by yeekarwai88 > 2016-09-21 09:40 | Report Abuse

all missing!
loser.everywhere.

Posted by sharktank > 2016-09-21 09:50 | Report Abuse

where the moneysifu? hahahahahaha.....bunch of jokers.

Posted by 360Capitalist > 2016-09-21 10:12 | Report Abuse

Chinese Steel Prices Fall to Three-Month Low on Demand Concerns
September 19, 2016 19:11 GMT
As Chinese markets reopened after closing last Thursday and Friday for China’s Mid-Autumn Festival, steel prices saw a dramatic sell-off, plunging to three-month lows on concerns that newly announced moves to cool China’s hot property market will cool steel demand.

Recent data showed that August home prices rose at a faster-than-expected clip, with pricing gains even hitting second and third-tier cities. On Sunday, authorities in Hangzhou said they will begin to restrict home purchases from Sept. 19 to combat the rapid advance in home prices.

China is the world’s largest steel consumer. Stimulus programs implemented by the country earlier in the year boosted steel demand and prices due to rising needs for construction. Steel prices have retreated in September amid indications that China’s demand for steel would wane in the coming months. This follows three consecutive months of gains.

Also adding pressure to prices could be the news that China’s steel output rebounded in China. The country’s crude steel production rose to 68.57 million metric tons in August, up 3% from a year earlier and 2.6% higher than July. This provides support to concerns that China would not continue on its promise to curb steel overcapacity, that accelerating steel output cuts in July were simply due to the country’s preparations to host the G20 summit.

On Monday, the most-traded rebar on Shanghai Futures Exchange fell as low as 2,190 yuan a ton, its weakest price since Jun 29. Raw material iron ore traded on the Dalian Commodity Exchange fell as far as 383 yuan a ton, its lowest since July 26.

Posted by moneySIFU > 2016-09-21 10:19 | Report Abuse

Morning fellow!

I think jokers are still sleeping & later they will come to say: better sell to avoid trap. hehe

Posted by moneySIFU > 2016-09-21 10:25 | Report Abuse

Down say sell to cut loss, up say sell to avoid trap.

The purpose of buying shares is sell for whatever price as long as someone is buying, very funny strategy

Posted by moneySIFU > 2016-09-21 10:27 | Report Abuse

Thanks for sharing, 360Capitalist.

One thing really has to point out that steel industries consist of long products, flat sheets & others

CRC producers are capturing previously imported CRC market and will be the clear winners in 3-6 months time

Rebar producers are still in the fighting mode.

Posted by moneySIFU > 2016-09-21 10:42 | Report Abuse

Basically, steel industries can be classified into 3 categories, up, mid & down stream producers. These segments are now having different market conditions.

Posted by Jack Wong > 2016-09-21 10:44 | Report Abuse

Buy all, push the price higher. Need to avoid myself be trap

Posted by 360Capitalist > 2016-09-21 10:48 | Report Abuse

thank you money sifu

Posted by moneySIFU > 2016-09-21 10:54 | Report Abuse

Worth to read again:

Bright Future for CRC Steel Producers: CSCSteel, Mycron, Eonmetal & YKGI (Part 1)
http://klse.i3investor.com/blogs/wealth123/103741.jsp

Huge Potential Upside for CRC Steel Producers: CSCSteel (+24%) & Mycron (+90%) (Part 2)
http://klse.i3investor.com/blogs/wealth123/103812.jsp

Flying CRC Steel Producers: Fantastic Business Outlook & Insider's Look (Part 3)
http://klse.i3investor.com/blogs/wealth123/104163.jsp

---------------------------------------------------------------------------------------------------------------------------------
CONCLUSION:

The CRC price & demand increased in China in recent months and coupled with the imposition of Anti-Dumping Duties on CRC has caused the following situations:

1. China CRC suppliers focus on domestic demands
2. Less competitive in prices of China CRC products

Meanwhile, Malaysia CRC producers are enjoying huge saving in sourcing raw materials (HRC) from international market, especially from China due to the following factors:

1. Closing of Megasteel
2. The application of 9% export tax rebate for HRC products exported by China steel mills

The increase in CRC price and reduction of cost of raw materials (HRC) has given large margin for local CRC companies to compete with China CRC in selling CRC products locally to downstream industries/companies in Malaysia.

As such, local CRC companies are expected to enjoy increase in both sales & profits in the coming months/years.

Posted by moneySIFU > 2016-09-21 10:56 | Report Abuse

The key point is:

The increase in CRC price and reduction of cost of raw materials (HRC) has given large margin for local CRC companies to compete with China CRC in selling CRC products locally to downstream industries/companies in Malaysia.

Posted by moneySIFU > 2016-09-21 10:56 | Report Abuse

Never forget the competition in business, it is either do or die all the time

Posted by probability > 2016-09-21 10:57 | Report Abuse

Thanks for the very simple & clear summary $$-Sifu.

Posted by moneySIFU > 2016-09-21 10:59 | Report Abuse

As business owner, it's time to capture more previously imported CRC market & increase production to make more profit, rather than sell high to wait for customer to look for elsewhere.

Posted by moneySIFU > 2016-09-21 10:59 | Report Abuse

Morning, probability

Posted by moneySIFU > 2016-09-21 11:01 | Report Abuse

Those companies can survive in bad times will be rewarded during good time.

Posted by PlsGiveBonus > 2016-09-21 11:05 | Report Abuse

Let the profit run
:)

Posted by Hotrod > 2016-09-21 11:09 | Report Abuse

moneySIFU, if you are so confident on this counter. You don't need to promote it every 5 mins.

Posted by bing > 2016-09-21 11:15 | Report Abuse

sifu are not promote, he just review us keep buy or else where funny people come out again.

Posted by probability > 2016-09-21 11:19 | Report Abuse

its not about promoting...its about giving one's argument as per their point of view. we tend to give out our opinion because we are not 100% certain on it (nothing is 100% certain), especially when the price is not reflecting the value.

We present opinions cause we want to ensure we have not overlooked something and to see others opinion and if they could present their case against it with facts. Thats the objective of i3.

do you have a different opinion Hotrod? Would be nice to see your arguments.

Posted by moneySIFU > 2016-09-21 11:30 | Report Abuse

True, I also scare of making wrong decision, better have more different ideas & opinions to consider about.

You know what? Sometimes a discussion can lead to investment in another companies, it happens all the times.

Posted by speakup > 2016-09-21 11:31 | Report Abuse

CHOOBEE -3.3%!
CSC follow?

Posted by moneySIFU > 2016-09-21 11:32 | Report Abuse

I actually asking people to sell, if anyone realise my comments, it always make me happy to see our fellow members make money

Posted by moneySIFU > 2016-09-21 11:33 | Report Abuse

I hope to make more & I trust my judgement based on my own homework, so I hold on with it & let my profit fly.

Posted by speakup > 2016-09-21 11:34 | Report Abuse

CHOOBEE -4.2%!
funds starting to dispose steel stocks

Posted by Hunter2016 > 2016-09-21 11:37 | Report Abuse

KYY said sell choo bee..

Posted by moneySIFU > 2016-09-21 11:40 | Report Abuse

I have no idea why KYY wanted to do that, one should carefully talk when many (followers, fans or haters) are closely following.

Posted by bing > 2016-09-21 11:43 | Report Abuse

Bcos they need tickets!

Posted by younginvestor92 > 2016-09-21 11:55 | Report Abuse

maybe because not many shares floating around?

Posted by SALAM > 2016-09-21 12:11 | Report Abuse

KYY said, choo bee more focus on smaller dia piping for housing which is facing downturn. Outlook is blurr...So sell..I think is logical

Posted by Hunter2016 > 2016-09-21 12:13 | Report Abuse

properties is really in downtrend right now, I follow KYY this time.

Posted by news > 2016-09-21 12:14 | Report Abuse

Always do your homework first before putting money in any counter. If don't understand the business of the company and the future prospect of the business, don't buy.

Posted by moneySIFU > 2016-09-21 12:33 | Report Abuse

Good closing, happy lunch!

Posted by yeekarwai88 > 2016-09-21 12:36 | Report Abuse

all the jokers are speechless now.
hahahahah

Posted by chl1989 > 2016-09-21 12:46 | Report Abuse

Will break 2 today? :)

Posted by Benjamin_8888 > 2016-09-21 12:53 | Report Abuse

moneysifu, i have to say that i duly respect your analysis in steel counters.
Hotrod, i think you better listen to him on this, that's my advice.

Posted by Jack888 > 2016-09-21 14:25 | Report Abuse

Chances to break RM2.00 in this afternoon trading....waiting more to come...

Posted by yeekarwai88 > 2016-09-21 14:26 | Report Abuse

BOOM!

Posted by 007 > 2016-09-21 14:29 | Report Abuse

if you study the mother company CSC Taiwan, the July revenue is 3 billions ringgit which is 36 times of CSCsteel Malaysia and there is also a big jump in EPS since the beginning of 2016.
More or less the similar trend in Taiwan and Malaysia as far as steel industries is concern

Posted by sharktank > 2016-09-21 14:44 | Report Abuse

hahahahaha....where all the sour grapes? hahahahahahha......all sour grapes are sin kah lun,talk bad about KYY and now keep quiet and quietly buy before It shoot up. wakakakakaka.....

Buy!

Posted by bing > 2016-09-21 14:48 | Report Abuse

If PE 20.0 like Choobee, then what is the price?

Posted by 007 > 2016-09-21 14:49 | Report Abuse

wow wow wow look at the price cheers guys !!!

Posted by moneySIFU > 2016-09-21 14:52 | Report Abuse

Thank you, Benjamin_8888, I am trying to share what I see & read, hope everyone can do the research before buying or selling anything and make profit in stock investment. :)

Posted by moneySIFU > 2016-09-21 14:54 | Report Abuse

1.97, wow

Posted by jafon1989 > 2016-09-21 14:56 | Report Abuse

CSCStel all time high. Challenging RM2 resistance.

Posted by yeekarwai88 > 2016-09-21 14:57 | Report Abuse

我靠!1.98!

Posted by eftee > 2016-09-21 14:57 | Report Abuse

Jumped 50 sen in a month

Posted by bing > 2016-09-21 15:00 | Report Abuse

50c too little lia according fa & ta.

Posted by yeekarwai88 > 2016-09-21 15:00 | Report Abuse

yameteh!!!

Posted by pingdan > 2016-09-21 15:04 | Report Abuse

haha come liao come liao