Posted by lgzmum > 2016-10-18 12:43 | Report Abuse

you got a very good guess. but i'm not sure how much the contribution from there.

Posted by SuperMan 99 > 2016-10-18 13:36 | Report Abuse

I will think CSCSteel & Mycron will both do very good in coming months

Posted by WB2F > 2016-10-18 13:42 | Report Abuse

Mycron can ?

Posted by LouisLim > 2016-10-18 14:46 | Report Abuse

CSCSTEL sell queue quantity getting lesser compare previous uptrend, should be Mr Gan almost finish his dispose, then should be up very fast soon.

Posted by ilovehits > 2016-10-18 15:00 | Report Abuse

Impairment loss 8 mil for previous quarter. If no impairment loss, you think how will MYCRON perform?

Posted by ng1943 > 2016-10-18 18:03 | Report Abuse

DONT FORGET MASTEEL BROTHER

Posted by SmartyAlek > 2016-10-18 19:14 | Report Abuse

this counter a keeper. slow n stable unlike mycron.

Posted by LouisLim > 2016-10-19 07:53 | Report Abuse

From Chelsea article http://klse.i3investor.com/blogs/5094CSC/106446.jsp forecast annualized EPS will be 26.25 on coming quarter, with base on OTB comment PER of 12 to 15, then CSCSTEL target price will be ranging from 3.15 to 3.94. Seem like still more room to go from 2.13. Will top up.

Posted by Chelsea > 2016-10-19 07:57 | Report Abuse

Hi louis lim . Believe the annualized eps will hit at least 30 at quarter ended 30 march 2017 once it replenished the low eps on last year quarter ended 30 march 2016. If the otb pe is true, then the price will shoot above 4
Please bear in mind cscsteel hvnt issue bonus issue so far

Posted by ooihk899 > 2016-10-19 08:14 | Report Abuse

According to their report Q3 sales will not be as good as Q2, hopefully increase in profit margin will help to cushion drop in sales. But Q4 expected to be good.



Current year prospects
In view of uncertain steel demand in China, international steel suppliers may find it difficult to maintain,
let alone, push up steel prices in the third quarter. Under such market sentiment, the Group expects the
third quarter sales volume to be conservative. However the Group expects the fourth quarter business
performance to be better than the third quarter as past records have shown that the fourth quarter has
traditionally been the better quarter in terms of sales volume. Besides, domestic steel inventories remain
low in the third quarter and this will encourage restocking activities in the fourth quarter.

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

Thanks Chelsea, I like your article very much, very informative. I believe EPS will more than 30 as well, target price >4. If issue bonus issue, should be very happy then. Will top up more. Thanks again Chelsea.

Posted by Star8888 > 2016-10-19 15:26 | Report Abuse

Target price for CSCSTEL >4, then I should collect more.

Posted by Choishengyea > 2016-10-19 16:16 | Report Abuse

Good quarterly profit, no borrowing at all for this company with more than 300 cash on hand, i cannot find a reason for not collecting more :D

Posted by skyjet > 2016-10-19 17:29 | Report Abuse

Annual EPS >30 on coming quarter, TARGET PRICE >4, Possible bonus issue and also High dividend, Good management, GREAT...

Posted by Chelsea > Oct 19, 2016 07:57 AM | Report Abuse

Hi louis lim . Believe the annualized eps will hit at least 30 at quarter ended 30 march 2017 once it replenished the low eps on last year quarter ended 30 march 2016. If the otb pe is true, then the price will shoot above 4
Please bear in mind cscsteel hvnt issue bonus issue so far

Posted by mbs7633 > 2016-10-19 19:07 | Report Abuse

China steel capacity cut may hit target before end of the year

http://info.lgmi.com/html/201610/19/3125.htm

http://www.shanghaidaily.com/business/manufacturing/Check-on-steel-and-coal-capacity-cut/shdaily.shtml

Posted by moneySIFU > 2016-10-20 16:17 | Report Abuse

Why suddenly all steel stocks go up?

Posted by Collin Soo > 2016-10-20 16:29 | Report Abuse

2.16 is new high.. cheers!

Posted by kl foong > 2016-10-20 16:46 | Report Abuse

Maybe good news from tomorrow budget regarding steel sector.

Posted by Chelsea > 2016-10-20 17:18 | Report Abuse

Lastest update (Rough estimation from graph)
CRC 3710 rmb (RM2300 based on conversion 0.620)
HRC 2830 rmb (RM1755 based on conversion 0.620)
Spread 880 (Break record)
RM2300 (Break record)

Thumbs up for Cscsteel and Mycron

Posted by pussycats > 2016-10-20 18:34 | Report Abuse

wow Csc is still maintaining its price. Bravo muah mmuah

Posted by telusdansuci > 2016-10-20 18:57 | Report Abuse

Thank you Chelsea . CscStel boleh .

Posted by probability > 2016-10-20 20:50 | Report Abuse

http://www.seaisi.org/News/5796/CSC+says+prices+of+steel+rolls+to+rise+in+December

Posted by mbs7633 > 2016-10-20 21:10 | Report Abuse

China steel players expect to post net profit at the highest level in Q3.

http://www.pressreader.com/china/china-daily-usa/20161017/281981787113258

Posted by ilovehits > 2016-10-20 21:52 | Report Abuse

MYCRON can jump 10 cents just in a day, how come CSCSTEL cannot hah?

Posted by Star8888 > 2016-10-20 22:30 | Report Abuse

Star8888 CSCSTEL form bullish Marubozu candlestick today, should able to continue uptrend tomorrow.

Posted by nicky11 > 2016-10-20 22:35 | Report Abuse

In term of stability, CSCSTEL is better but ratio of profitability in
shorter term, I think Mycron is better. So, I decide to own both to stabilise it.

Posted by Lulu La > 2016-10-20 23:09 | Report Abuse

Probability...the article u post mean the raw material cost increase..the csc malaysia margin will be affected?

Posted by probability > 2016-10-20 23:22 | Report Abuse

Lulu...dont worry so much about that.... in any case when both CRC & HRC price goes up by the same fraction, say X-%, the spread will increase by x%*(CRC-HRC)..i.e the spread will become higher.

Say X = 20%.

New HRC price = 1.2 x old HRC
New CRC price = 1.2 x old CRC

Old Spread = Old CRC - Old HRC

New Spread = 1.2 * Old CRC - 1.2* Old HRC
= 1.2* (Old Spread).

so...it is beneficial...

Posted by Lulu La > 2016-10-20 23:25 | Report Abuse

thanks for your explanation..not as expert as u...haha

Posted by chl1989 > 2016-10-20 23:28 | Report Abuse

Probability damn smart :)

Posted by Chelsea > 2016-10-20 23:31 | Report Abuse

Probability, the spread incr3ase from 457 june to 880 up to today by almost 100%
So the x should be 100%????

Posted by probability > 2016-10-20 23:35 | Report Abuse

ha hah ha ...Chelsea...i have no clue on that...

i don't think that is the reason...i think it has to do with the 'Demand' tension with 'Supply'...its probably happening because the CRC producers could not match up with the Demand...it will take some time to reach an equilibrium. i.e a stable margin...

Posted by probability > 2016-10-21 00:53 | Report Abuse

Chelsea...perhaps we can say a portion of the rise in Spread is contributed by the x-% : refer YoY change for HRC & CR Plate:

http://www.custeel.com/en/price.jsp

the remaining 50% (probably much higher contribution) to reach 100% rise you mention in Spread must be due to the 'Supply - Demand' tension factor..

Posted by moneySIFU > 2016-10-21 01:25 | Report Abuse

China CRC price up 26% since 23/6, very bright future for Malaysia CRC producers. Read it yourself on above.

Posted by probability > 2016-10-21 01:28 | Report Abuse

yup...its a very informative link above :)

Posted by skyjet > 2016-10-21 07:09 | Report Abuse

China CRC price continue to climb due to increase in car sales in China

2016-10-20 - 3716.67
2016-10-19 - 3681.11
2016-10-17 - 3621.11
2016-10-05 - 3508.89
2016-09-10 - 3485.56
2016-08-22 - 3421.11
2016-07-20 - 3111.11
2016-06-23 - 2950.00

http://www.sunsirs.com/uk/prodetail-318.html
http://www.100ppi.com/vane/detail-318.html
http://klse.i3investor.com/files/my/blog/img/bl2751_crc_price_in_china.jpg

Posted by Invest1188 > 2016-10-21 08:23 | Report Abuse

Can we reference to China. CRC price or different crc price in malaysia

Posted by moneySIFU > 2016-10-21 10:00 | Report Abuse

skyjet, it will be very much appreciate if you can give credit to who wrote the info.

Posted by mbs7633 > 2016-10-21 10:28 | Report Abuse

Up few cents slowly and steady. Good lah. What else you want?

Posted by nicky11 > 2016-10-21 10:30 | Report Abuse

This counter really up steadily. It still worth to be collected more.

Posted by shareshareknowledge > 2016-10-21 10:31 | Report Abuse

moneysifu, can touch 2.20 today?

Posted by moneySIFU > 2016-10-21 10:41 | Report Abuse

China CRC is direct competitor (major imports) to local CRC producers (CSCSteel & Mycron), there are 3 very good factors in building the moat for CSCSteel & Mycron:

1. Increase in China CRC make imports more expensive
2. Anti-dumping duties over China CRC make them even more expensive
3. Meanwhile, Mycron can import import-duty exempted HRC with saving of RM400 per tonnes
4. CSCSteel will import HRC from its taiwan HQ with lesser saving, no sure how much but definitely less than RM400.

Posted by moneySIFU > 2016-10-21 10:49 | Report Abuse

ha, shareshareknowledge, I am not big buyer, so I not sure if other big players want to get there or not. :)

Posted by telusdansuci > 2016-10-21 10:50 | Report Abuse

After the Budget 2017 this afternoon maybe all the steel stocks will moved up ! CscStel tetap boleh . Keep until next year Gong Xi Fa Cai 2017 .

Posted by shareshareknowledge > 2016-10-21 11:05 | Report Abuse

moneysifu,

where do you get the information that.....
4. CSCSteel will import HRC from its taiwan HQ with lesser saving, no sure how much but definitely less than RM400.

Posted by WealthWizard > 2016-10-21 11:29 | Report Abuse

I have revised my target price for Mycron to RM1.58 (PE7) & CSCSteel to RM3.19 (PE10), I will publish & explain my revision in my coming part 4 article.

Posted by moneySIFU > 2016-10-21 11:37 | Report Abuse

Here you go, sharehsareknowledge:

"Once a shortage of locally-produced steel is detected, we will make immediate orders to China Steel and buy the HRCs at international market price. That's how our average costs can be brought down (during those periods)," he explained.

"On top of that, due to fact that China Steel is our parent company, our orders usually enjoy a shorter delivery schedule, which is a kind of premium service, but the prices we pay remain at market rate," he added.
http://www.seaisi.org/News/4553/CSC+Steel+prepares+for+adverse+conditions

Posted by moneySIFU > 2016-10-21 11:39 | Report Abuse

Market rate means no kick back, China government is subsidizing 9% for exported steel products on top of market rates.

Posted by probability > 2016-10-21 11:56 | Report Abuse

thanks for the very very important information $$-sifu

Posted by moneySIFU > 2016-10-21 13:12 | Report Abuse

welcome, probability, sama sama kita share info, sama sama kita kaya :)