Posted by PlsGiveBonus > 2016-09-27 10:44 | Report Abuse

Time to sell house sell car sell soul to buy one lorry

Posted by bing > 2016-09-27 11:12 | Report Abuse

Only share the above article in here and mycron. Why? Thinks yourself.

Posted by Star8888 > 2016-09-27 11:31 | Report Abuse

Stay calm, faster sell, sell it cheap to me. :)

Posted by pussycats > 2016-09-27 11:37 | Report Abuse

why fight here. Make money not make war

Posted by Invest1188 > 2016-09-27 11:49 | Report Abuse

Wil the coming 15 pct import duty on steel coil affect the hrc input cost?

Posted by news > 2016-09-27 11:56 | Report Abuse

Wow , suddenly the good fundamental steel companies become so cheap , thumps up.

Posted by kl foong > 2016-09-27 11:58 | Report Abuse

Because of the article by The Edge.
No worry, they will bounce back.

Posted by Invest1188 > 2016-09-27 11:59 | Report Abuse

People scare of the inport duty,

Posted by telusdansuci > 2016-09-27 12:01 | Report Abuse

Each time after the profit taking , its will climb higher and higher like Press Metal . Hopefully this times are correct .

Posted by traderman > 2016-09-27 12:09 | Report Abuse

will go 2.5 ... strong buy

Posted by pussycats > 2016-09-27 12:31 | Report Abuse

KUALA LUMPUR: Steel counters are back in the limelight after the government announced provisional safeguard measures in the form of duties of 13.9% for steel coils and 13.4% for steel rebars imported into Malaysia.

How? Government kacau daun

Posted by pussycats > 2016-09-27 12:32 | Report Abuse

Really strong trend now

Posted by ffforever > 2016-09-27 12:39 | Report Abuse

Moneysifu, whats your view? Correction or end of story?

Posted by pussycats > 2016-09-27 12:41 | Report Abuse

KoonYY, how? Dump or buy?

Posted by telusdansuci > 2016-09-27 12:55 | Report Abuse

EN KOON , keep on laughing !

Posted by 007 > 2016-09-27 14:30 | Report Abuse

so CSCsteel subjected to higher import duty of HRC from oversea, chiak lat liao ---sell

Posted by moneySIFU > 2016-09-27 15:23 | Report Abuse

all keep assuming all steel producers will benefit from closure of megasteel. In fact, only CRC producers will benefit the most.

Now, The Government of Malaysia (GOM) has initiated two (2) safeguard investigations......

safeguard what? investigations of what? then selling everything without knowing what are going on.

Posted by moneySIFU > 2016-09-27 15:28 | Report Abuse

The problem is everyone think safeguard/imposition of extra import duties will surely increase the price of protected steel products.

It is totally wrong concept

Posted by moneySIFU > 2016-09-27 15:28 | Report Abuse

Look at the price of CRC, it didn't go up after the imposition of anti-dumping duties, it went up because of China's CRC went up.

Posted by moneySIFU > 2016-09-27 15:28 | Report Abuse

The increased margin was because of saving in raw materials (HRC) due to closure of megasteel & all CRC mills can sourced from oversea which are much cheaper.

Posted by moneySIFU > 2016-09-27 15:29 | Report Abuse

So, the profit of CRC players are sustainable due to still closed megasteel

Posted by moneySIFU > 2016-09-27 15:30 | Report Abuse

Who said HRC has been imposed extra duties? Please read carefully below:

The Government of Malaysia (GOM) has initiated two (2) safeguard investigations on
imports of Steel Concrete Reinforcing Bar (REBAR) and Steel Wire Rod (SWR) &
Deformed-Bar-in-Coil (DBIC) based on petitions filed by the Malaysia Steel Association,
on behalf of the domestic industry producing REBAR and SWR & DBIC. The Petition
alleged that importations of REBAR and SWR & DBIC into Malaysia have increased
from 1 October 2012 to 30 September 2015 in absolute and relative terms which have
caused serious injury to the domestic industry in Malaysia.

http://www.miti.gov.my/miti/resources/Media%20Release/PR-ENG-PD_REBAR_SWR_vF.pdf

Posted by moneySIFU > 2016-09-27 15:31 | Report Abuse

Those like to muahaha, please continue to muahaha, since you don't know anything

Posted by moneySIFU > 2016-09-27 15:31 | Report Abuse

So, the only final winners are CRC players, not other steel producers.

Posted by moneySIFU > 2016-09-27 15:33 | Report Abuse

ffforever, hope the above help in getting the right picture what is going on now.

As usual, it's your money, you decide. I hope all can make good money since we are all here already.

Posted by moneySIFU > 2016-09-27 15:34 | Report Abuse

Please go google to search what are those under investigation, look at the pictures from the search results.

Posted by ffforever > 2016-09-27 16:10 | Report Abuse

Thanks for sharing moneysifu

Posted by moneySIFU > 2016-09-27 16:29 | Report Abuse

welcome, ffforever

Posted by iamnew > 2016-09-27 17:06 | Report Abuse

moneySIFU why u let the CAT out......let them SELL and BUY higher.

Posted by 007 > 2016-09-27 17:19 | Report Abuse

heavy selling tomolo and thursday, lets see

Posted by pussycats > 2016-09-27 17:33 | Report Abuse

selling good 4 this stock

Posted by Benjamin_8888 > 2016-09-27 21:27 | Report Abuse

Good time to accumulate more

Posted by WB2F > 2016-09-27 21:33 | Report Abuse

:D I already quite full already. You all take la

Posted by WB2F > 2016-09-27 21:50 | Report Abuse

:D :D welcome here ilovehits. How much your beloved counter Choo Bee loses in price ?

Posted by WB2F > 2016-09-27 21:51 | Report Abuse

Aiyo.... please don't get panic when price dropped. Shares are for longer term. :D

Posted by Benjamin_8888 > 2016-09-27 21:53 | Report Abuse

Why u worry ilovehits since u bought at 1.5? Lol
Good one WB2F..

Posted by ilovehits > 2016-09-27 21:53 | Report Abuse

You bought CSCSTEL at 1.90, right? Since you said you follow Uncle Koon. Me? Not too much, 1.50 only.

Posted by WB2F > 2016-09-27 21:56 | Report Abuse

:D Good we are in same boat.

Posted by WB2F > 2016-09-27 22:04 | Report Abuse

This counter only represent about more 18% of my total shares investment.

Posted by WB2F > 2016-09-27 22:08 | Report Abuse

I am not good in shares investment. Still learning. I did much better in properties investment. Better in term return. :D

Posted by Benjamin_8888 > 2016-09-27 22:12 | Report Abuse

I'm happy for u as long as your r earning more money

Posted by WB2F > 2016-09-27 22:21 | Report Abuse

Yes I indeed also pray hard for that. Just need to think why I did so good in properties investment whereas when come to shares investment I did badly. I start both type of investment same year. :D

Posted by PlsGiveBonus > 2016-09-27 22:23 | Report Abuse

Bad time didn't drop much
:)

Posted by WB2F > 2016-09-27 23:13 | Report Abuse

:)

Posted by Kungsing Ting > 2016-09-28 07:33 | Report Abuse

Haha. Someone wanna collect at low rate..

Posted by pussycats > 2016-09-28 08:00 | Report Abuse

Collecting everyweek is my strategy. hihihi :-))

Posted by Invest1188 > 2016-09-28 08:17 | Report Abuse

Hi pussy, why u have so much comfident as the managament guided q3 to be lower

Posted by pussycats > 2016-09-28 08:28 | Report Abuse

I collect small bit by bit la. NO worry la. Now steel counters hot so try my luck by buying Small. Hope to earn small also happy Wadi. NO worry la. If I collect big, I cut loss, lose a lot. That is why buy small lots only. Let the big shark push up & down the price.

Posted by pussycats > 2016-09-28 09:23 | Report Abuse

sos tupid, U sold all oredi ? good la. Why U busy again here after u sell all oredi?

Posted by sharktank > 2016-09-28 09:25 | Report Abuse

because he felt so stupid he sold it so early loh.

continue, Buy!