my uncle who selling nasi lemak also know increasing steel price is not that easy, increasing raw material price will lower profit margin. you must have 'business sense'. :)
Benjamin is also right factory is busy order will be running at almost full capacity until December 2016...fully booked since August....but margin is not good....raw material px up in china..when parent company sell to CSC the HRC is higher but orders already accepted until December since August....prepare to be dissapointed...and all those singing about the spread....is singing in the wrong direction...
wow? full capacity? close to 100% utilization rate? I see this as a very good news if it is true. last year was running at about 70% only? correct me if i am wrong. if what you said about margin contraction is true, increase of order also cant cover the shortfall? I hope your insider news are real. :)
always remember that there is always a 2 months stock at old prices. as prices go up, i believe the mgmt is competent enough to make sure the margin is protected. the question is how much will they benefit from this round of price increase.
this round of price increase is worldwide and customers have to adapt to this
iamnew, I don't think the factory is running almost full capacity, I guess is about 80% to 85%, Chl u r right last year about 70%. I will hold it till next year.
as long as no competition in the market of its class, cscsteel can increase price as there is no import flat steel that can compete the local market price with the anti dumping tax
Uncle Koon collecting silently because he know this counter will be the next Pmetal counter in 2017 . Thank you , uncle Koon . Csc Stel boleh dan tetap boleh .
Remember, never talk bad about people because we buy at our own risk . Holding Power is very important depend what type of company we bought . I believe this counter will become the next Press Metal counter in 2017 . CscStel boleh dan tetap boleh . Not suitable for contra and daily players .
For example, SMOKING is bad for our health but still so many people also smoked . Who are we going to blame ? Of cause no people force us to smoke . We smoke at our own risk . The same things like share investment . People just give you the tips but never ask you to buy . CscStel boleh dan tetap boleh .
CsCStel is cash rich company. With tariff protection and strong steel prices due to capacity cut in China, the future earnings are very promising with fat margins. Savvy investors will come in to accumulate as the price is still in single digit P/E. We don't need famous investor like KYY to promote CsCStel, most important thing is ability of the company to generate revenue and earning growth for the near future. Good luck.
Smart money is the only key to success TA FA business sense is all lies created by banker to lure you in the trap Banker banker themself didn't success at all
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....
Hunter2016
319 posts
Posted by Hunter2016 > 2016-12-05 16:34 | Report Abuse
hardworking a bit if wanna earn $$ from stock market, Mr. Mislead :)