Posted by PlsGiveBonus > 2016-11-30 16:43 | Report Abuse

Bear very strong
Want to get down to 1.86 today

Posted by Traderi3 > 2016-11-30 16:46 | Report Abuse

Bonus, 45% buy rate, want get 1.86 hard la.

Posted by PlsGiveBonus > 2016-11-30 16:48 | Report Abuse

Tomorrow can get to 1.86 if very lucky
Bear is stronger today

Posted by PlsGiveBonus > 2016-11-30 16:52 | Report Abuse

:(
1.96

Posted by Invest1188 > 2016-11-30 20:19 | Report Abuse

Heard a lot customer cancel order

Posted by Traderi3 > 2016-11-30 20:37 | Report Abuse

Hahahah no problem, tomorrow will back 2 range, oil is rally now.

Posted by chl1989 > 2016-12-01 00:12 | Report Abuse

lextcs, how can i contact you? would like to ask you smth in person. :)

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

I takut la...don't even know who u r actually

Posted by lextcs > 2016-12-01 09:15 | Report Abuse

I don't know if uncle kyy will continue to buy this fella but if he does at least the price will hover around these levels for awhile. However, it will be extremely difficult for him to sellout later without affecting the price. The company is largely owned by a foreign state corporation so only local boys are stirring the water here.

Posted by yawcfd > 2016-12-01 09:18 | Report Abuse

A cash cow company, stable in revenue and giving dividend. If you buy below 2, then shouldn't worry about this as dividend 10-15 cent to be paid for next quarter. The China Steel management are great all the while, even during recession period.

Posted by yawcfd > 2016-12-01 09:20 | Report Abuse

Cscstel and Annjoo take a major contribution of my current share. At the moment, only both companies and SSTEEL had caught my attention and decision to hold.

Posted by KowChye > 2016-12-01 09:23 | Report Abuse

May be to wait for the AR2016 before accumulating at below 1.90...this morning price.

Posted by Benjamin_8888 > 2016-12-01 17:58 | Report Abuse

Hi lextcs, hope u can share a bit more info here so we ikan bilis can escape from big sharks, tq

Posted by Traderi3 > 2016-12-01 20:24 | Report Abuse

No surprise back to 2 today. :)

Posted by chl1989 > 2016-12-02 00:17 | Report Abuse

fred tam just recommended cscsteel and mycron in his webinar just now :)

Posted by Benjamin_8888 > 2016-12-02 00:26 | Report Abuse

Thanks for info chl, any TP from them?

Posted by IamGoogle > 2016-12-02 02:08 | Report Abuse

There are 2 bombs in CSC Steel, no one notice? How about the one that always begging to give bonus, do you know?

Posted by IamGoogle > 2016-12-02 02:09 | Report Abuse

Anyone know why Mycron can go up from RM0.40 to RM0.90 now? While CSC Steel can only go up from RM1.40 to RM2.00 now?

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

For 1st comment, please read carefully latest quarterly report yourself

For 2nd comment, please read both companies' latest quarterly reports & compared carefully.

Answers are all there. You will know if you know how to find, you will continue not know if you don't know how to find, good luck.

Posted by IamGoogle > 2016-12-02 02:12 | Report Abuse

No, Koon did not win on this stock, he called for this stock when price was around RM1.80. Now only RM2, 10% gain is a loss to him.

Posted by yawcfd > 2016-12-02 08:44 | Report Abuse

let's wait how true the bombs are.

Posted by lextcs > 2016-12-02 09:16 | Report Abuse

point to ponder...why must buy sell msia stks with so high fees when we can trade in NYSE or nasdaq or hkex...these are the world's most liquid and transparent market. The brokerages offered now is so cheap some even less than usd1.00 with no stupid stamp duty or what not.

Posted by lextcs > 2016-12-02 09:20 | Report Abuse

with the ringgit on the long term decline against every currencies u can think of don't u think its a big risk holding investment in ringgit?

Posted by imoogi99 > 2016-12-02 09:21 | Report Abuse

Hmmm....2 things in CSC? From the quarterly report, I can see that revenue and profit from operations dropping. Then there's an increase of 20mil of inventories and this does tell that materials are not moving. The other thing to note is that cash drops by RM60mil....where do the cash goes? Going thru further and looks like big losses in unit trust fund....ha ha ha. I am not an accountant but this is what I see in the report and I maybe wrong.

Posted by imoogi99 > 2016-12-02 09:36 | Report Abuse

IamGoogle, am I right?

Posted by chankp7010 > 2016-12-02 09:48 | Report Abuse

My dear imoogi99, may I allow to comment on your posting dated 2nd Dec 2016. You said that revenue has dropped about 27 millions in 3QR is true.(from 775 to 748 millions) However, inventory has actually dropped as at 30th September, 2016 to 188 mil from 213 mil as at 31/12/15. Additionally you also said that cash at bank and in hand has reduced by RM60 mil. This is not true. Actually, the cash at bank and in hand as at 30th Sept 2016 has increased to RM266 mil from RM 231 mil as at 31/12/16, even though CSC bought investment property at RM42.5 mil as at 30th Sept 2016. Revenue for the whole year ending 31/12/2016 may surpass previous year or even slightly below. The bottom line is vital. Revenue alone may not be that important as the input for finished product has dropped and therefore margin has increased drastically. You may check those figures in Bursa Malaysia official website. Thank you

Posted by imoogi99 > 2016-12-02 09:54 | Report Abuse

I am comparing 3rdQ/16 with 2ndQ/16. From RM320.8mil to RM266mil.

Posted by shareshareknowledge > 2016-12-02 09:58 | Report Abuse

(I am comparing 3rdQ/16 with 2ndQ/16. From RM320.8mil to RM266mil.)

the drop in cash is due to
1) payment of 8 cents dividend to shareholderrs
2) payment for the warehouses acquired from tatt giap.

no such thing as lost from unit trust or whatsoever!!!!!!!!!!!!!

Posted by stockraider > 2016-12-02 10:07 | Report Abuse

Cash drop bcos of buying into new machinery and new property for expansion about Rm 50 million mah....it is good move loh...!!

The value preposition for csc is strong div coming going fwd...!!

Posted by imoogi99 > 2016-12-02 10:08 | Report Abuse

shareshareknowledge, I got it...thanks.

Posted by stockmanmy > 2016-12-02 10:15 | Report Abuse

yes, Mycron has done much better. I made my decision very early on to choose CSC instead of Mycron because Mycron is Melewar / Bumi, not my taste. and of course CSC is the largest. Buying the bigger one, the heavier one, you get less beta....that is exactly to be expected.




mGoogle > Dec 2, 2016 02:09 AM | Report Abuse

Anyone know why Mycron can go up from RM0.40 to RM0.90 now? While CSC Steel can only go up from RM1.40 to RM2.00 now?

Posted by chl1989 > 2016-12-02 10:19 | Report Abuse

wa. suddenly all the sifu appeared to support this gem :)

Posted by IamGoogle > 2016-12-02 11:10 | Report Abuse

It may be too harsh to use bombs, i should have used "cautious" in my previous comment. Sorry for that.

The areas to look into it are as follows:
1. Effective tax rate in latest Quarter was extremely low, it has helped the company to stay at higher bottom line.
2. Bottom line was help with the forex gain, it will be good for current situation.

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

Hi, imoogi99, good observation, I think shareshareknowledge has done great job also in addressing the issues.

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

Financially and corp governance wise....this mycron is no way compare with CSC loh.....!!

Also div from CSC very steady and consistent...even bad times mah...!!

Posted by chl1989 > 2016-12-02 11:23 | Report Abuse

bad times in 2014 with 4 consecutive q loss. still able to give div. plz dont compare mycron with csc. :)

Posted by IamGoogle > 2016-12-02 11:30 | Report Abuse

Financially yes, but I don't see much superior or privilege that CSC Steel can command in corporate governance, if compared to Mycron.

Posted by IamGoogle > 2016-12-02 11:32 | Report Abuse

I agreed to moneysifu that Mycron's annual reports was one of the best in Bursa. Also, the CEO didn't claim directors' remuneration at Mycron, but at MIG level. I think credits should be given to Mycron on that front.

Posted by Jason33 > 2016-12-02 11:32 | Report Abuse

appreciates a lot already, downside is greater than upside. beware.

Posted by IamGoogle > 2016-12-02 11:33 | Report Abuse

At this price & based on my own calculation, market gives PE8 to CSC Steel currently, I believe downside is limited, upside depends on market re-rating activitives.

Posted by IamGoogle > 2016-12-02 11:34 | Report Abuse

But I am not sure about Mycron on current valuation.

Posted by Jason33 > 2016-12-02 11:41 | Report Abuse

how can a share that is already up substantially still limited downside?

Posted by IamGoogle > 2016-12-02 13:06 | Report Abuse

If you just look at the price to make decision, them it has indeed appreciated in last few months. But why it's gone up? Because Profits drive it up.

Posted by stockraider > 2016-12-02 13:19 | Report Abuse

Melewar group are bunch of conman loh.....!!
Ask yourself when was the last time this mycron and melewar pays div leh ?

Don look at directors remunerations and nice annual reports to make decision...bcos it is peanuts mah...if they sapu....they will sapu big big mah....!!

Posted by IamGoogle > 2016-12-02 14:16 | Report Abuse

Stockraider, How about Genting? Good or not good?

Posted by IamGoogle > 2016-12-02 14:34 | Report Abuse

Are they con man company, genting fit your criteria, director take most, div peanut only

Posted by stockraider > 2016-12-02 15:02 | Report Abuse

Genting also bad...CEO pays himself Rm 80 million a yr....if he so good.....why don he draw more div from genting profit instead ?

The only good thing....is that it genting got economic moat loh...!!

But its political moat is dangerous loh....!!

1. Msia will become an islamic nation soon

2. Genting casino lies in selangor & pahang...if any of this state be rule by islamic fundamentalist....it will be affected mah...!!

Posted by IamGoogle > 2016-12-02 15:11 | Report Abuse

haha, agreed, stockraider, i think more than 80 mil, the highest paid CEO in Malaysia

Posted by IamGoogle > 2016-12-02 15:16 | Report Abuse

Talking about moat, it is vital for long term investment, but seem like "long term" does not applicable to most of the active members in this forum as their stock holding periods are believed to be less than 1 year.

Posted by stockraider > 2016-12-02 15:18 | Report Abuse

Mycron is a shiok sendiri stock....no matter how good the profit...the owner will not share with u loh.....!!

After sometime....they will scheme....something....and take all...the accumulated cash and profit out....all for their own benefit...without sharing with u mah...!!