Posted by stockraider > 2017-02-13 20:16 | Report Abuse

Posted by stockmanmy > Jan 6, 2017 11:37 AM | Report Abuse

raid

When KYY wrote about Choo Bee and CSC, both were at same price.
Now, Choo Bee $ 1.70, CSC $ 2.30

after next results, CHoo Bee $ 1.50, CSC > $ 2.50

still you want to argue?

RAIDER COMMENT; WHO CARES OF WHAT KYY WROTE ?
AS FAR AS RAIDER KNOW....WHEN RAIDER ARGUE WITH MAMMY...CSC WAS RM 2.38 IN WHICH MAMMY STILL PROMOTING AT THAT HIGH PRICE, CITING PUSH WORD "GAME CHANGER" WHEREAS CHOOBEE WAS RM 1.65...WHICH RAIDER THINK WAS A BETTER BUY LOH....!!

CHOOBEE IS CERAINLY A BETTER SELECTION LOH....!!

Posted by char1234 > 2017-02-13 20:19 | Report Abuse

It is a lousy qtr result ......

Posted by Op3rs > 2017-02-13 20:23 | Report Abuse

prepare ticket to holland

Posted by stockmanmy > 2017-02-13 20:28 | Report Abuse

raid...just check the charts...there is no $ 2.38.

Both CSC and Choo Bee were at $ 2 at relevant time.

With 14 sen dividend, I bet you KYY average is still making money.....lol no kidding.


lousy quarter....may be next quarter makes a lot of money.

It seems selling prices to prime customers are fixed for 6 months to a year ...fluctuations in raw material costs were absorbed by CSC....this is good customer relations, long term relationships.

Posted by stockraider > 2017-02-13 20:32 | Report Abuse

If u check back the posting....when raider argue with u...that was the case mah....!!

U cite game changer and advocate CSC will have a very big run up from rm 2.38 loh..!!

Raider chose to be different...believe in margin of safety loh...choobee was only Rm 1.65 loh...!!

Posted by stockmanmy > 2017-02-13 20:34 | Report Abuse

Choo Bee?

forget it.....most useless counter in the KLSE.

Posted by stockraider > 2017-02-13 20:35 | Report Abuse

The point is dynamic investment does not work loh....!!

Margin of safety is an evergreen successful investment strategy loh..!!
Stick to it for sustain performance loh....!!

Posted by probability > 2017-02-13 20:36 | Report Abuse

i think this should have a very clear message to those holding on Mycron...i could be wrong though.

Posted by stockraider > 2017-02-13 20:38 | Report Abuse

Mycron another dead duck who profit will falter loh...!!....Share price will collapse bcos unable to pay big defensive dividend like CSC loh....!!

Posted by Jon Choivo > 2017-02-13 20:38 | Report Abuse

I'm not sure as well, but the drop is mainly due to the 16.9mil write back in the previous year, if you adjust that out in the previous year and compare, result is still ok.

I think mycron is fine, no such outstanding amounts in the previous year quarter.

Posted by stockraider > 2017-02-13 20:42 | Report Abuse

Mycron over borrowed counters....it will collapse very fast...if result bad loh....!!

Posted by Jon Choivo > 2017-02-13 20:44 | Report Abuse

True also. But i only hold little bit 2% of portfolio for csc and 2% for mycron.

I dont mind seeing it out.

Posted by stockmanmy > 2017-02-13 20:48 | Report Abuse

RAID

Record revenue smaller margin.

You cannot say it is a lousy company.

It is their sales strategy for long term relationships.

Even give you 14 sen dividend., for a lousy quarter.

Posted by Invest1188 > 2017-02-13 20:49 | Report Abuse

in fact, csc has no risen much from 1.50 to around 2.0 compared with other steel stocks, the downside is limited

Posted by stockraider > 2017-02-13 20:49 | Report Abuse

CSC is reasonable good counters but mycron is useless high risk investment loh....!!

Posted by stockraider > 2017-02-13 20:51 | Report Abuse

Raider no say CSC lousy company...!!
Raider say Mammy & KYY promote CSC at high price loh...!!

Posted by telusdansuci > 2017-02-13 20:52 | Report Abuse

Tomorrow at least up Rm 0.03 ? CSCSTEL and Pmetal tetap boleh .

Posted by Ricky Yeo > 2017-02-13 20:53 | Report Abuse

so much for all the write up analysing CSC. I'll reward you if you get the 4th qtr estimate correct, even if you are 100% off the mark. So anyone that estimate EPS at or below $0.034 (100% above actual EPS) come and contact me.

This is another classic example of how all the overconfident investors can do so much analysis on this forum, long enough to fill the LOTR trilogy book sets, yet miss the EPS by 500%.

Posted by stockraider > 2017-02-13 20:57 | Report Abuse

Posted by Ricky Yeo > Feb 13, 2017 08:53 PM | Report Abuse

so much for all the write up analysing CSC. I'll reward you if you get the 4th qtr estimate correct, even if you are 100% off the mark. So anyone that estimate EPS at or below $0.034 (100% above actual EPS) come and contact me.

This is another classic example of how all the overconfident investors can do so much analysis on this forum, long enough to fill the LOTR trilogy book sets, yet miss the EPS by 500%.

THIS CONFIRM DYNAMIC INVESTMENT PITFALL LOH...!!

THE CYCLE HAS REPEATED MANY TIME LOH...!!

LIIHEN
LATITUDE
VS
FLB

AND NOW CSC LOH....!!

KYY DYNAMIC INVESTMENT IS RUBBISH LOH...!!

Posted by Jon Choivo > 2017-02-13 21:00 | Report Abuse

Raider,

arent you holding FLB now? Seems very cheap at 1.6

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

We must expect some rotten days in our investment life. No point arguing.

cheers!

Posted by chonghai > 2017-02-13 21:11 | Report Abuse

Please forgive me. I have really happy to watch CSCSTEEL post a surprisingly poor result.

Posted by telusdansuci > 2017-02-13 21:17 | Report Abuse

Already expected because the share price keep on dropping before the announcement . As you can see why Pmetal keep on surging before the announcement , because of ....? Sama-sama faham sudahlah .

Posted by stockraider > 2017-02-13 21:27 | Report Abuse

Posted by Jon Choivo > Feb 13, 2017 09:00 PM | Report Abuse

Raider,

arent you holding FLB now? Seems very cheap at 1.6

YES IN FACT AVG COST RM 1.54 LOH.....!!

IT IS NOTHING ABOUT DYNAMIC INVESTMENT BUT EVERYTHING ON MARGIN OF SAFETY & POSITIVE CASHFLOW LOH....!!

Posted by Flintstones > 2017-02-13 21:28 | Report Abuse

IN BEFORE CP TEH SHOUT CUT LOSS!!!!!

Posted by stockraider > 2017-02-13 21:29 | Report Abuse

Posted by Jon Choivo > Feb 13, 2017 09:00 PM | Report Abuse

Raider,

arent you holding FLB now? Seems very cheap at 1.6

YES IN FACT AVG COST RM 1.54 LOH.....!!

IT IS NOTHING ABOUT DYNAMIC INVESTMENT BUT EVERYTHING ON MARGIN OF SAFETY & POSITIVE CASHFLOW LOH....!!

Posted by Flintstones > 2017-02-13 21:29 | Report Abuse

IN BEFORE HAIRY TEO HOLLAND CALL!!!

Posted by ezobear > 2017-02-13 21:50 | Report Abuse

food for though: is the commodity related business suitable for value investing? they don't have pricing power & no product differentiation to serve niche market .... please enlighten me .. TQ

Posted by Icon8888 > 2017-02-13 21:58 | Report Abuse

I hope stockmanmy has not sailang on this stock

Turning into Dynamite Investment

Posted by trumpytrumpet > 2017-02-13 22:03 | Report Abuse

Boom! With 14 cents dividend but poor result, will the stock go up or down? maybe flat?

Posted by Jason33 > 2017-02-13 22:13 | Report Abuse

dynamic investing means sailing in sailang out...stockmanmy can confirm ah?

Posted by stockraider > 2017-02-13 22:16 | Report Abuse

BASED ON RAIDER ASSESSMENT EVEN IF MAMMY HAD SAILANG ON CSC...THERE WILL NOT BE MUCH LOSSES....BCOS OF THE DEFENSIVE DIVIDEND OF RM 0.14 PER SHARE MAH.....!!

Posted by Jay > 2017-02-13 22:22 | Report Abuse

although many is expecting a lower qoq profit, this is really surprisingly weak, wonder how other steel counters will do this quarter?

Posted by Jason33 > 2017-02-13 22:28 | Report Abuse

if sailang when price is low, make money loh, if sailang at rm2.30 then god bless loh, it is all back to value investing, at what price u pay.

Posted by gohkimhock > 2017-02-13 22:28 | Report Abuse

The quarterly result came below expectation.

Posted by Jason33 > 2017-02-13 22:41 | Report Abuse

If I am not wrong, other steel counter painted a challenging business environment during previous qtr result. cscstel did not use the word challenging, instead they mention their result will depend whether they can pass the cost to customer. business sense should tell u passing cost to customer is never easy.

Posted by IamGoogle > 2017-02-13 22:44 | Report Abuse

Ya, Jason, you reminded me.

The management said in the QR 30/6/2016 that the quarter (30/9/2016) was normally weak & they would see better results in the next quarter (31/12/2016).

Posted by IamGoogle > 2017-02-13 22:56 | Report Abuse

Most companies are to present their results for judgement before the end of Feb, those prices inflated without solid fundanmental supports will surely die soon.

Posted by kc888 > 2017-02-13 23:11 | Report Abuse

At Rm2.11, dividend of 14 sen equal to 6.6% and cash level at all time high RM269M.

Posted by PlsGiveBonus > 2017-02-13 23:20 | Report Abuse

I am so disappointed this forum didn't get much attention compare to Gadang
:(

Posted by iamnew > 2017-02-13 23:20 | Report Abuse

LOL...Booommm

Posted by ykloh > 2017-02-13 23:25 | Report Abuse

selling of treasury shares should have been treated as red flag.

Posted by stockraider > 2017-02-13 23:34 | Report Abuse

Not only Treasury stock sale loh....!!

The 2nd largest shareholders had being selling aggressively, and kyy is under estimating its significant of the disposal loh...!!

This Kyy no business sense loh....!!

Posted by stockraider > 2017-02-13 23:38 | Report Abuse

But let raider assure u....CSC with div of Rm 0.14 is worth alot of monies loh....!!

Easily close to Rm 2.00 above loh....!!

Of course if KYY dump aggressive...it may close as low as Rm 1.85 loh....!!

But this is temporary loh....anytime it will go back above Rm 2.00 loh.....!!

Posted by Jon Choivo > 2017-02-14 00:04 | Report Abuse

I think the company is fine. the import tariff etc is still around. But those buy above 2.2 or 2.25, you will need to wait abit to breakeven.

Posted by stockmanmy > 2017-02-14 00:09 | Report Abuse

icon...CSC is a profitable trade for me.....

Posted by stockmanmy > 2017-02-14 00:15 | Report Abuse

CSC...the anti dumping duty is indeed a game changer as you can see CSC had record revenues ...meaning less import substitution.

This quarter, the margin a bit tight but, maybe next quarter good profits......


It is the normal nature in this business that certain customers have their prices fixed for some time so they can tender for their jobs. and for the factory to bear the variances in raw materials price fluctuations.

Posted by Jon Choivo > 2017-02-14 00:18 | Report Abuse

Eitherway, i can hold it, since i only have a little. Question now is mycron.

I hope you're ok from your sailang tmr.

Posted by stockraider > 2017-02-14 00:18 | Report Abuse

Posted by stockmanmy > Feb 14, 2017 12:15 AM | Report Abuse

CSC...the anti dumping duty is indeed a game changer as you can see CSC had record revenues ...meaning less import substitution.

This quarter, the margin a bit tight but, maybe next quarter good profits......

RAIDER THINK MAMMY MISINTERPRETED THIS ANTI DUMPING THING LOH....!!
IT IS NOT GAME CHANGER, IT JUST ALLOW SOME FLEXIBILITY FOR CSC TO IMPORT LOH....!!

Posted by stockmanmy > 2017-02-14 00:27 | Report Abuse

Its a game changer because CSC has a better environment and less competition from imports.

raw materials and currency fluctuations are what it is....temporary fluctuations.....

CSC has long term relationships and for some customers, they have long term prices so that the customers can tender for their jobs.