Posted by IamGoogle > 2016-12-02 15:19 | Report Abuse

Although I am not with Mycron, but we will see if what you said is correct in future.

Posted by stockraider > Dec 2, 2016 03:18 PM | 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...!!

Posted by Jason33 > 2016-12-02 15:25 | Report Abuse

share price has doubled but ttm profit is not doubled, +66% only. how come downside is limited?

Posted by IamGoogle > 2016-12-02 15:42 | Report Abuse

Ok, Jason33, it is subjective topic, you may be right that downside is not limited but instead huge.

Stock market is a place where seller always found buyer to buy its shares, it mean someone always think too high & the other think good to buy, that's the deal closed.

We will not know who's right or wrong, we can only see how the price moves in few months time to know.

Posted by RainT > 2016-12-03 08:19 | Report Abuse

Anyone know which website can check the steel price that related to this company ????
Market price frm Oct to Dec 2016

Posted by leoting > 2016-12-03 08:55 | Report Abuse

@RainT there are more than 10 type of steel products from CSCsteel with different price. Overall products price are significantly increasing during 4th quarter 2016 and there will be another jump on 1st quarter 2017 due to hiking of raw materials and depreciation of Ringgit.

Posted by stockraider > 2016-12-03 10:20 | Report Abuse

Yes mkt price can firm....but ur raw material inputs and low Rm...also push up your cost loh...!!

The main thing, how much u can price above ur cost, in order to make good monies mah ??

Posted by chl1989 > 2016-12-03 10:48 | Report Abuse

try to take a look at q3 2015. when usd up from 3.7 to 4.4. what is the impact?

Posted by chl1989 > 2016-12-03 10:49 | Report Abuse

i think cscsteel able to pass down the cost to their end users effectively due to antidumping. :)

Posted by John Lu > 2016-12-03 10:51 | Report Abuse

Steel theme almost coming to the end...now focus o&g

Posted by chl1989 > 2016-12-03 10:57 | Report Abuse

LOL. stop dreaming plz. o&g??? you think opec production cut of mere 3% can turnaround the game?

Posted by chl1989 > 2016-12-03 10:59 | Report Abuse

check the supply and demand data before you talk cock :)

Posted by John Lu > 2016-12-03 11:06 | Report Abuse

Last year end John Lu ask buy Steel counter but nobody believe

John Lu bought CSCSteel at 1.40 and sold 2.10, bought Mycron at 27c sold at 93c, bought back Mycron 88c sold 1.19, bought YKGI 17c sold 35c

Now John Lu buying hibiscus like no tomorrow

Posted by 77huat77 > 2016-12-03 11:12 | Report Abuse

John Lu don't want wanna know if you capable to participate in 2017 stock pick and became nomber then I give you thousand clap

Posted by John Lu > 2016-12-03 11:13 | Report Abuse

If Calvin Tan join, I will join

Posted by chl1989 > 2016-12-03 11:18 | Report Abuse

a joker always likes to compete with another joker hahs

Posted by chl1989 > 2016-12-03 11:19 | Report Abuse

how about your melewar? goreng until burn your hands? :)

Posted by John Lu > 2016-12-03 11:22 | Report Abuse

John Lu bought melewar at 58c sold 63c.

Last round bought from 41.5c to 40c....cut loss 38c.

So, no gain and no loss

Posted by John Lu > 2016-12-03 11:23 | Report Abuse

My Johor buddies and myself now keep buying hibiscus

Hip hop hoorey.

Posted by John Lu > 2016-12-03 11:27 | Report Abuse

John Lu now invite all of you sell CSCSteel and take profit then go buy hibiscus

Posted by chl1989 > 2016-12-03 11:28 | Report Abuse

wish u all the best in your goreng journey. if i were u, i will go genting. same probability of winning :)

Posted by mike90 > 2016-12-04 18:22 | Report Abuse

Most steel counter already drop heavily, CSC got invisible hand support it?

Posted by stockmanmy > 2016-12-04 18:25 | Report Abuse

invisible hand of the market by Adam Smith

Posted by mike90 > 2016-12-04 18:28 | Report Abuse

Who is the invisible hand?

Posted by stockmanmy > 2016-12-04 18:29 | Report Abuse

Adam Smith

Posted by 77huat77 > 2016-12-05 01:50 | Report Abuse

Buy hibiscus I think is one way ticket only

Posted by bee881 > 2016-12-05 15:10 | Report Abuse

Steel theme almost over due to little benefit from megasteel + increasing price for raw material bcz weakening of RM. Let see how long CSC can stand above RM2.

Posted by Hunter2016 > 2016-12-05 15:13 | Report Abuse

raw material price already up 100% from early this year.

Posted by chl1989 > 2016-12-05 15:20 | Report Abuse

before you talk, plz try to understand what is antidumping and check properly what is market price of crc :)

Posted by bee881 > 2016-12-05 15:21 | Report Abuse

High price for market price then, do you think got more buyer?

Posted by chl1989 > 2016-12-05 15:22 | Report Abuse

"theme"? talk about theme. better go genting. :)

Posted by Hunter2016 > 2016-12-05 15:23 | Report Abuse

have you check the raw material price ? :)
dont emphasise crc price only ;)

Posted by chl1989 > 2016-12-05 15:26 | Report Abuse

they can opt not to buy of course. they can go for plastic instead of crs. haha

Posted by chl1989 > 2016-12-05 15:28 | Report Abuse

crs price outpaces hrc price. thats all i know. :)

Posted by bee881 > 2016-12-05 15:28 | Report Abuse

It is same like when property price up to peak, still got more buyer buy property?

Posted by chl1989 > 2016-12-05 15:31 | Report Abuse

yes. you are right. coz property is over supplied. how u know crs also oversupplied?

Posted by bee881 > 2016-12-05 15:33 | Report Abuse

Cant tell u more...please study yourself.

Posted by chl1989 > 2016-12-05 15:37 | Report Abuse

u should ask sifu buddyinvest. he will tell you. last year, 48% crs were produced locally while 52% were imported. after antidumping, who is going to take up the remainder volume? csc? mycron? or ykig? i will not call this oversupply. :)

Posted by Traderi3 > 2016-12-05 15:42 | Report Abuse

Watch close explode soon.

Posted by stockmanmy > 2016-12-05 15:45 | Report Abuse

http://klse.i3investor.com/blogs/commoner/110915.jsp


look at the graphs and the margin spread.

Posted by Hunter2016 > 2016-12-05 15:46 | Report Abuse

raw material price is on its way back to higher level, steel makers profit margin will be lower down.

Posted by chl1989 > 2016-12-05 15:57 | Report Abuse

now you are assuming that they are not able to increase their selling price? what is the basis of your assumption?

Posted by Hunter2016 > 2016-12-05 16:03 | Report Abuse

so you are assuming that they are able to increase their selling price? what is the basis of your assumption?

Posted by bee881 > 2016-12-05 16:05 | Report Abuse

Anywhr, CSC gt invisible hand supporting almost every day during closing.

Posted by probability > 2016-12-05 16:13 | Report Abuse

Posted by probability > Dec 5, 2016 04:11 PM | Report Abuse X

TOTAL 16 MACHINES (RAWANG X9, KLANG X7) - 294,000 MT/YEAR

Imagine even if it operates at bloody HALF of the capacity - 50% discount, with an absolute margin of just RM 200 per ton, gross profit already hit 30 Million. This already translate to EPS of 13 cents! PE10 already 1.30...

And note that above is ONLY for the POSCO - MKPC Sdn Bhd placed at Klang & Rawang.

(Furthermore the above are tailored made end products which demands a better margin unlike commodity lie Rolling process in mycron or cscsteel)



...and WTF!, We have not even considered the highly profitable STEEL TUBE Tube segment below:

Prestar Steel Pipes Sdn Bhd,
Prestar Precision Tube Sdn Bhd,

(Note Mycron is currently having Margin of more than RM 550 per ton - latest quarter).

Posted by chl1989 > 2016-12-05 16:15 | Report Abuse

i am not assuming. it is a fact that antidumping has been implemented and if you are one of the crc users, you have no choice but to source locally? it is a seller market. why not? now your turn.

Posted by probability > 2016-12-05 16:17 | Report Abuse

http://www.prestar.com.my/bizActivities/steelUnit_posmmit_facilities.asp

Posted by Hunter2016 > 2016-12-05 16:20 | Report Abuse

raw mat price spike is a fact as well. To increase the price of a nasi lemak also difficult, you think to increase steel price that easy? No competitor?

Posted by chl1989 > 2016-12-05 16:21 | Report Abuse

name me the competitors. count them

Posted by Hunter2016 > 2016-12-05 16:24 | Report Abuse

Cant tell u more...please study yourself.

Posted by chl1989 > 2016-12-05 16:31 | Report Abuse

haha. okay. joker :)