Bila jatuh semuanya Uncle Koon punya pasal dan bila naik adakah kita terima kasih kepada uncle Koon ? Sepatutnya kena terima kasih pada uncle Koon , ya .
KUALA LUMPUR: Blue chips ended the third quarter on a downbeat note on Friday as the FBM KLCI fell more than 17 points as market sentiment in Europe and Asia was buffetted by worries about Germany's Deutsche Bank and a confluence of negative news.
The research unit says local steel prices has always carry a premium about RM150 over China steel prices due to local manufacturers providing better service and consistency in product quality in which local civil consultants do not query vis-à-vis Chinese steel bars.
“Due to this newly implemented safeguard measure, we believe this premium of local steel bars against China steel bars would decrease as purchasers (contractors) demand for lower premium in order to save on the escalating costs,” it adds.
On steel outlook, Kenanga Research is positive on the steel sector as steel prices are expected to remain stable if China’s depleting steel inventory indicating risingdomestic demand there, closure of loss-making steel mills in China, and China governments’ strong commitment in reducing steelproduction capacity through consolidation of steel groups coupled with financial support of 100 billion yuan for worker retrenchment schemes.
“Hence, we expect our steel-rebar average selling price assumptions to be sustainable due to these reasons,” adds the research unit. On the other hand, Master Builders Association Malaysia (MBAM) strongly opposed to the safeguard measures for steel coils and rebars.
Its president Foo Chek Lee says MBAM fears that it could lead to uncontrollable prices of steel bars due to the absence of the free flow of imported steel.
A few months earlier, the price of steel bars had increased from RM1,500 per tonne in January 2016 to a record high of RM2,700 per tonne.
Koon Yew Yin: I am buying it every day because I believe CSC Steel's profit will continue to increase. What are you waiting for, buy fast, else miss this boat.
Koon was founder of mudajaya n he went out makan lunch with the CEO very often n he has some jv to supply coal to power plant in India n he told many people his insider tips that the plant will kick off soon few years ago
Koon was invited by jtiasa boss to take a helicopter ride on their oil palm plantation n then promoted this co everyday in i3 as the most undervalued stock n then sold all his shares within few months times quietly
I think the argument of local Megasteel's impact to Csc steel is less significant compared to the Spread : CRC - HRC internationally....as brought out by Oldman
this is becoz...CSC steel have long ago (very long ago) stopped sourcing from megasteel and found their way with Chinese partnership..and selectively used different kinds of feed - raw material to get away from the huge Duty imposed and maintain their profitability.
So...there are other big big companies who are definite beneficiaries from Megasteel's closure..with the recent import duty changes...
On Choo Bee...that is just to distract focus...the volumes are peanuts for him to move any direction he wants.. it could also be used as cheap stock...to push up CSC steel indirectly later..we never know..
since these are big shots we are dealing with...one is purely interested in making money...the other is money plus ego involved...so i have decided i better keep my mouth shut...and go with the tides as many are here...
dont trust Koon. many ppl got cheated by his calls last time, and got trapped in Jtiasa, Mudajaya, FLB, .... just to name a few. I met him in person before, he's a nice guy. BUT when it comes to the stock market, he's RUTHLESS!!!! he can kill u!
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....
Treasure_stalker
77 posts
Posted by Treasure_stalker > 2016-09-29 09:49 | Report Abuse
Sigmund1118, Thanks for your response =D