ppl bought tekseng purely becoz of its growth story. Price > rm1 for tekseng was not cheap if they cant sustain their growth. all of a sudden this idiot retrenched 200 over staff with immediate termination in 24h. which is 25% of its manpower. that y it dropped like end of the world.
Q: Between Mycron & CSCSteel - which one you think is a better performing counter in spite of the fact that Fong Siling has a stake of 0.18% in mycron. Your view(s) please... if any?
Hewiester, personally I choose csc bcoz I have no friend or relative who work in mycron, but since many sifu here recommended mycron so I also bought little bit <0.9
Posted by hewiester > Nov 12, 2016 10:51 AM | Report Abuse
Q: Between Mycron & CSCSteel - which one you think is a better performing counter in spite of the fact that Fong Siling has a stake of 0.18% in mycron. Your view(s) please... if any?
----------------------'
Ans: First of all both counters I also invested. But I invested more in CSCSTEL because believed that CSCSTEL in future will perform much better in term of profit than Mycron
did not study mycron in details. but cscsteel is the biggest and best managed coll-rolled steel company in msia. even willing to give dividend when it did not make any profit in fy2014. my capital is small. only vested in csc.
Steel business is cyclical n very price competitive n China will not keep quiet cz hers' steel companies are bleeding also. A lot of consolidation going on maybe next year Mar or April. Even in Japan only less than 5 are surviving. China are restructuring her steel industries, n over here we Must do also, if not d competitors will bankrupt us. All these steel industries here must not be complacent, must upgrade n restructure. Businesses are very competitive, it is how to fight off all these competitors to survive. Dat we call it a durable competitive advantage company. Dat why to find d Right Business is really tough, dat why don't invest into company u don't really understand, let it past! Gd luck!
Buying into cyclical business u must be tatical loh...!! Alot of steel company had consolidated mah....!! This is reason why steel company share price recover throughout the world bcos less players loh...!!
With msia as well of Donald trump emphasis on infrastructure steel business should be able to sustain the next 4 yrs loh....!!
CSC is a well manage company....at this price looks reasonable as a div yield play.
need to learn how to cut loss ... if not you will stuck another 8 years...need you see the trend of this steel company.... need you aware IFCA from few cen to rm 1.80 fly like rocket ... down also like rocket...
steel industry is cyclical. i agree. but ifca? you compare merz with a proton? drunk? csc fundamental much much stronger than rubbish ifca. come on lah. talk some sense.
I thought Koon man visited CSC Steel on 3/11/2016, but he never said anything what was the outcome of the visit. He has been keeping quiet on this. WHY?
Price of SCS Steel has been dropping since then, he didn't buy? WHY?
On behalf of the visiting group, namely Tan Kit Pheng, Yap Sung Pang, James Ong, Tey Kok Shin and Lee Soo Seng, (we own a total of more than 30 million CSC Steel shares), I would like to thank you for the hospitality extended to us during our visit to CSC Steel HQ on 3rd November, 2016. Our trip was very informative as it deepens our understanding of nature of business of CSC Steel.
I would like to congratulate the group for their excellent achievement in the past. The above meeting gave me a first-hand impression of how much CSC Steel could do to maximise the wealth of shareholders.
As discussed, the management should seriously consider employing professionals who have gone through the corporate exercises before. This facilitates the management to undertake the following corporate exercises which in turn will double or triple CSC Steel’s market capitalisation in the near future.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
TomyamGong
4,156 posts
Posted by TomyamGong > 2016-11-11 13:01 | Report Abuse
Steel counter will bound up strongly. Choose the cheapest one to buy. L....B