Posted by angkokann > 2017-02-13 17:23 | Report Abuse

scary, profit can come down so much.

Posted by joekit > 2017-02-13 17:24 | Report Abuse

cash rich, debt free, yummy dividend 14 sen! apa lagi lu mau?

Posted by yeekarwai 95 > 2017-02-13 17:28 | Report Abuse

of.course.mau profit.up.la

Posted by calvintaneng > 2017-02-13 17:29 | Report Abuse

Just as Calvin Tan Research forecasted

Those who chased Flat Steel Will Fall Flat on Their Faces!!


Posted by calvintaneng > Nov 28, 2016 08:57 PM | Report Abuse

X

Posted by PlsGiveBonus > Nov 28, 2016 08:46 PM | Report Abuse

Tomorrow gap down 20%...

Whoa! You have just highlighted what I also wanted to share!

Already warn all those who keep Flat steel will fall flat on their faces later. Now Company has explained very clearly. Mycron's good result is also one off. Same for CscSteel.

So everybody, please take care.




MegaSteel closure was a one off event benefiting flat steel companies.

After Melewar fell Flat. Now is CscSteel's turn

See

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335321


BETTER SELL AND SWITCH ALL TO PLANTATION STOCKS TO RECOUP BACK YOUR LOSSES!!

Posted by gcke > 2017-02-13 17:30 | Report Abuse

CSC later QR showed 78% drop.
Source:http://www.malaysiastock.biz/Latest-Announcement.aspx

Posted by Flintstones > 2017-02-13 17:34 | Report Abuse

Die

Posted by PlsGiveBonus > 2017-02-13 17:34 | Report Abuse

Lol
Unexpected
:)

Posted by noah > 2017-02-13 17:36 | Report Abuse

i can foresee someone with position inside this stock (probably can't sleep well tonight) will come out to comfort everybody saying AT LEAST there is a 14 cts (10+4 cts) divvy and still a record high profit for FYE despite drop in Q4 profit.

Posted by PlsGiveBonus > 2017-02-13 17:38 | Report Abuse

Revenue is good
It's profit is low due to steel price stagnant for too long
:(

Posted by angkokann > 2017-02-13 17:41 | Report Abuse

Never expect such a low profit mah...

Posted by ooihk899 > 2017-02-13 17:45 | Report Abuse

All due to tax incentives in 2017, hide profit, only declare in this year. If you look at cash flow statement. It is different story.

Posted by 张天师买股票 > 2017-02-13 17:46 | Report Abuse

平板没希望了，下一轮的主角将会是长材，某某大声公老人将会亏到看不到路了

Posted by calvintaneng > 2017-02-13 17:47 | Report Abuse

Revenue increase but no pricing power?

Why? When megasteel closed there was a short window of opportunity to generate higher profits.

After that?

After that China still dumping with their excess capacity to press down steel prices

See

http://www.theedgemarkets.com/my/article/china-steel-capacity-rises-2016-despite-closures-greenpeace

Now they even brought in quality wheel barrow to fight with Prestar.

And this year things might get worst when they can't dump excess steel to USA because of Trump trade barriers.

Better sell and switch to Oil Palm stocks.

China can produce steel but cannot grow oil palm trees or rubber.

So for safety go buy CBIP or Dutaland for Oil Palm. Or buy Supermax that produce rubber gloves

Posted by stockraider > 2017-02-13 17:47 |

Post removed.Why?

Posted by PlsGiveBonus > 2017-02-13 17:49 | Report Abuse

14 cent dividend proposed
It is not too bad

Posted by IamGoogle > 2017-02-13 17:49 | Report Abuse

Bomb activated

Posted by IamGoogle > 2017-02-13 17:50 | Report Abuse

Holland sifu ask all go for palm oil, better watch out

Posted by PlsGiveBonus > 2017-02-13 17:50 | Report Abuse

Come on
6% div what else do you want
:(

Posted by isano > 2017-02-13 17:53 | Report Abuse

意料中

Posted by ooihk899 > 2017-02-13 17:54 | Report Abuse

From quarter report on this year prospect :
Barring any unforeseen circumstances, the Group is cautiously optimistic to face the challenges with grit and determination to perform better in 2017.

Posted by angkokann > 2017-02-13 17:56 | Report Abuse

dividend cannot cover up the drop in share price tomorrow.

Posted by birkincollector > 2017-02-13 18:11 | Report Abuse

Lots of ppl buying steel counters today because of The Edge front page story today!

Posted by probability > 2017-02-13 18:13 | Report Abuse

even messengers like me gets shot!

Posted by joetosh > 2017-02-13 18:18 | Report Abuse

alhamdulillah... sold all at average 2.25... but i dont know why i sell early... Allah saved me...

Posted by nekosan > 2017-02-13 18:21 | Report Abuse

jesus christ!!! manage to sell all before market close ... Jesus save me ...

Posted by Cherrie > 2017-02-13 18:24 | Report Abuse

Amituofo...already sold all before chinese new year...Buddha saved me...

Posted by Lee Yih Yeong > 2017-02-13 18:27 | Report Abuse

KYY still big investor right...?

Posted by stockraider > 2017-02-13 18:27 |

Post removed.Why?

Posted by noah > 2017-02-13 18:49 | Report Abuse

maybe the prominent investor will ask you to sell.
as nw since it reported reduced profit, it violates the so called Golden Rules.
1st GADANG, 2nd CSC.
it's like watching horror story over and over again.
not to mention to previous blockbuster LATITUD, FLBHD, JTIASA, XINQUAN etc.

Posted by stockraider > 2017-02-13 18:51 | Report Abuse

Ya loh....where is this KYY ball carrying stockmammy leh ??

Posted by MrPauper > 2017-02-13 18:52 | Report Abuse

The price maybe will drop a while then someone will accumulate for the dividends. Meanwhile, i guess this quarter should see a better profit in long steel producers, namely ANNJOO

Posted by MrPauper > 2017-02-13 18:54 | Report Abuse

and SSTEEL

Posted by 10bagger10 > 2017-02-13 18:55 | Report Abuse

Relaxlah... so emotional... how to earn money?

Posted by stockraider > 2017-02-13 18:56 | Report Abuse

Whether long product can make better profit ?
Is whether they can pass on the cost to consumer loh....!!

Posted by Ramada > 2017-02-13 18:57 | Report Abuse

Why so worry? Tomorrow sell your shares and buy long steel counters to earn back your hard earned money, SSTEEL is a good buy, seriously.

Posted by Sulcata > 2017-02-13 18:58 | Report Abuse

Another classic kyy stocks

Posted by stockraider > 2017-02-13 18:58 | Report Abuse

But with some tariff protection....long product will have some advantage....in terms of pricing power compare with flat products like HRC and CRC loh.....!!

Posted by Ramada > 2017-02-13 18:59 | Report Abuse

SSTEEL made good profits last time, but MASTEEL and ANNJOO couldn't. It depends on each management team.

Posted by Ramada > 2017-02-13 19:00 | Report Abuse

So you cannot say CSCSTEL profit drop, then MYCRON will follow.

Posted by Ramada > 2017-02-13 19:02 | Report Abuse

And also provisional safeguard duties on rebar started from september last year. You guys already forgot this?

Posted by keke > 2017-02-13 19:05 | Report Abuse

where is sailang king stockmanmy? he dun dare to come out one lah, last time said out loud if gadang profit going up he will cut, since the result announced, din see him in gadang forum liao....think same here....

Posted by Ramada > 2017-02-13 19:20 | Report Abuse

Just one word, switch to long steel counters to earn back your hard earned money.

Posted by lizi > 2017-02-13 19:23 | Report Abuse

is this the reason the company selling shares?

Posted by Up_down > 2017-02-13 19:28 | Report Abuse

the management of the company had given a strong hidden warning through disposing its treasury shares before announcing QR so....

Posted by cheoky > 2017-02-13 19:31 | Report Abuse

Dynamic investing? Margin of safety is better. Luckily dah terus kereta...

Posted by lizi > 2017-02-13 19:35 | Report Abuse

margin of safety pandu kereta hati-hati, dynamic investing pandu kereta laju-laju and terjun keluar bila mau langgar.

Posted by optimus9199 > 2017-02-13 20:02 | Report Abuse

some one will have sleepless nights tonight.

Posted by lkoky > 2017-02-13 20:06 | Report Abuse

Cant wait for his new blog to teach his golden rule

Posted by Tom > 2017-02-13 20:07 | Report Abuse

wow this one really game over lo, good luck wahaha

Posted by Sulcata > 2017-02-13 20:11 | Report Abuse

He already dispose all his shares after his heavy promotion lah