Posted by PlsGiveBonus > 2016-11-17 11:32 | Report Abuse

Panic seller keep coming in
:(

Posted by PlsGiveBonus > 2016-11-17 11:33 | Report Abuse

2.20 is better price to sell
Just hold a little longer also can't

Posted by Albukhary > 2016-11-17 11:59 | Report Abuse

Fund manager told me that Steel Counter will move up very substantially on Jan'17.
Ask me to hold whatever steel counter that I have, especially those top 1-3 leader in steel industry.

Posted by hewiester > 2016-11-17 12:00 | Report Abuse

Everyone is waiting. Looks like 2.20 is a difficult resistance to break

Posted by Invest1188 > 2016-11-17 12:59 | Report Abuse

Csc is so busy, lorries in out non stop

Posted by Pakcik Saham > 2016-11-17 12:59 | Report Abuse

nothing impossible...

Posted by 007 > 2016-11-17 13:13 | Report Abuse

There will big jump in profit next QR, low risk counter, accumulate on weakness till year end and you will be rewarded handsomely

Posted by pussycats > 2016-11-17 16:42 | Report Abuse

buy now ..--)

Posted by yeekarwai 95 > 2016-11-17 19:46 | Report Abuse

Annjoo QR out already,not every steel counter announce an outstanding QR.

Posted by leoting > 2016-11-17 21:17 | Report Abuse

Lazy to translate into English, but if you interest with Ssteel, Cscsteel and Annjoo quarter report, you may read my comment in Mandarin.

http://www.investalks.com/forum/forum.php?mod=viewthread&tid=8892&page=116#pid3903232

Posted by andychk > 2016-11-17 22:24 | Report Abuse

Bro leoting,give u a like.Keep for next quarter to collect Big Dividen

Posted by moneySIFU > 2016-11-17 23:22 | Report Abuse

Only CRC steel mills will produce outstanding results, reason? Because closure of megasteel.

Why other upstream may not produce flying result, because price of rebar was still below RM2000.

The reason for other steel companies made fantastic profits during period of April & May were due to sudden surge in steel price & selling of old stocks.

Posted by PlsGiveBonus > 2016-11-18 00:15 | Report Abuse

Everyday go up 5% is good enough
Hopefully no UMA will be issued again this time

Posted by ooihk899 > 2016-11-18 09:31 | Report Abuse

Everyday go up 1 sen I'm happy already.

Posted by younginvestor92 > 2016-11-18 09:40 | Report Abuse

i think this year dividend will be around 20 cents which is around 10 %.... based on the history... and the company has no reason not to do that, they have huge cash pile doing nothing.

Posted by 007 > 2016-11-18 10:08 | Report Abuse

dividend policy is 50% TTM eps is 24.42 sen so expecting 12.21 cents, anything above is excellency

Posted by shareshareknowledge > 2016-11-18 10:13 | Report Abuse

csc has a dividend policy of distributing NOT LESS than 50% of their net earning to shareholders.
historically, csc had paid more than 50%.
unless unseen major disruptions happen in dec, minimum 12 cents in the pocket for long term shareholders

Posted by blacksnake > 2016-11-18 10:16 | Report Abuse

still in the selling pressure ........

Posted by Invest1188 > 2016-11-18 10:46 | Report Abuse

strong usd is extremely good for csc, you can find this in annual report, in fact, for last 2 qtr there are foreign exchange gain

Posted by 007 > 2016-11-18 11:42 | Report Abuse

@Invest1188, I can't get it, steel business is a high capital outlay and most loan are offshore loan and in USD currency. In fact the depreciation cost keep on ballooning. This is the reason why mega steel closed as they can't service the loan anymore.

Posted by Blink22 > 2016-11-18 12:03 | Report Abuse

007

csc has $ 266 million cash and no borrowings.
magical company.

Posted by Invest1188 > 2016-11-18 12:05 | Report Abuse

007, csc is debt free, look carefully the report, receivables in usd

Posted by Blink22 > 2016-11-18 12:06 | Report Abuse

the death of megasteel was a game changer.

Posted by James007 > 2016-11-18 14:43 | Report Abuse

cost of sale in USD as CSC import HRC from Taiwan
Sale are mostly in RM

Posted by Invest1188 > 2016-11-18 14:50 | Report Abuse

Sales in usd

Posted by James007 > 2016-11-18 14:56 | Report Abuse

you mean CSCsteel sell product in USD in malaysian market?

Posted by Invest1188 > 2016-11-18 15:17 | Report Abuse

Yes

Posted by WaAdaLui > 2016-11-18 17:26 | Report Abuse

I buy Coated Steel Coil (PPGI) from CSC in RM.....

Posted by pussycats > 2016-11-18 19:16 | Report Abuse

buy cscsteel

Posted by MRapolo > 2016-11-18 19:21 | Report Abuse

Hi waadalui, is the selling price (ringgit) increase when usd up against ringgit?

Posted by Invest1188 > 2016-11-18 19:36 | Report Abuse

Correct

Posted by WaAdaLui > 2016-11-18 20:23 | Report Abuse

i @MRapolo..... Yes...... CSC selling price increase Oct 5% ..... 
Next increase on Dec (not later than Jan 2017) Dun know increase how much... 
But heard tat will up much more ( base on previous experience i think around 8-12%)

They still monitoring the USD n costing from taiwan........

Posted by WaAdaLui > 2016-11-18 20:28 | Report Abuse

I try to get new price from them tis morning..... But they cant quote ......
They said waiting Taiwan update the lastest cost......

Posted by 10bagger10 > 2016-11-18 20:32 | Report Abuse

Wadalui sifu u bought csc average price?

Posted by WaAdaLui > 2016-11-18 20:37 | Report Abuse

@10bagger10 sifu...... $1.60++..........
i sold out le.....b4 QR announce......

Posted by MRapolo > 2016-11-18 21:09 | Report Abuse

thanks waadalui, very useful info......

Posted by chl1989 > 2016-11-19 02:12 | Report Abuse

wow. good to know that they are able to pass down the cost of rising usd to their end customers.

Posted by hewiester > 2016-11-19 15:05 | Report Abuse

Who holds CSCsteel and NYCRON? can mycron do the same by passing down the rising cost to consumers?

Posted by Benjamin_8888 > 2016-11-19 17:50 | Report Abuse

Chl, sorry my info not accurate.

Posted by chl1989 > 2016-11-20 01:14 | Report Abuse

dont worry bro. Still meeting my expectation of 100mil profit per annum. No brainer hold to wait for div :)

Posted by nicky11 > 2016-11-21 17:24 | Report Abuse

This stock really no power. Why people lack of confident with it

Posted by eagle100 > 2016-11-21 18:33 | Report Abuse

No power ? Already rose ftom RM1.50 to RM2.10 and above within 3 months also say no power? Go up a lot already, cannot expect it keep surging up all the time

Posted by nicky11 > 2016-11-21 22:41 | Report Abuse

Haha, correct also. Hopefully it can move upper soon.

Posted by yeekarwai 95 > 2016-11-23 10:32 | Report Abuse

everyday drop few sen.

Posted by sell > 2016-11-23 11:55 | Report Abuse

No TPP(Trump policy) mean govn no money. Projects likely to delay. Wait RM 1.5.

Posted by blacksnake > 2016-11-23 12:50 | Report Abuse

RM1.5 ?! ........... funny guy............ hahaha

Posted by chl1989 > 2016-11-23 13:09 | Report Abuse

apa cock project u talking . haha. damn funny :)

Posted by Yipman > 2016-11-23 15:45 | Report Abuse

chl1989
yes i know... steel cock project. lol

Posted by Pakcik Saham > 2016-11-24 08:55 | Report Abuse

as long the eps + improve..and every body still using steel..FA & TA good

Posted by James007 > 2016-11-24 16:39 | Report Abuse

12 sen dividend, 5.9% very good