Posted by awp380 > 2017-03-15 05:18 | Report Abuse

sad....

Posted by awp380 > 2017-03-15 05:20 | Report Abuse

dear all sifu. i bought at 1.80. should i cut loss now?

Posted by awp380 > 2017-03-15 05:21 | Report Abuse

sorry is 1.89. -_-

Posted by HuatRex > 2017-03-15 14:00 | Report Abuse

Yes, you should cut loss even earlier.

Posted by Chanyut Sappinit > 2017-03-15 20:25 | Report Abuse

I bought at the same price. .still keep it

Posted by Chanyut Sappinit > 2017-03-15 20:26 | Report Abuse

Feel like no future here...every day drop

Posted by Yipman > 2017-03-16 16:59 | Report Abuse

suggest to quit now and join back later. may be at 1.6 level

Posted by Su Jackie > 2017-03-16 17:25 | Report Abuse

just join and learning ......

Posted by Su Jackie > 2017-03-16 17:43 | Report Abuse

CSC is one of the best steel company at current price of RM1.77. June comes and dividend is 14 sen and equates to a dividend yield of 7.9 %. 3 months to go to get 7.9 % which annualize to 31.6 % yield. This is the only steel company that does not borrow a single sen. CSC will continue to generate good margins as prices for hot rolled coils and cold rolled coils continue to remain firm. Steel companies' cost of material in house work on average costs (much lower than current cost) and compared to current replacement cost at high level will continue to contribute excess margins for the next two Quarters. Steel companies have raw material and finished goods to cover at least the next three months. CSC does not have to bear any finance cost and this is very positive to its net margin. Companies' Acts 2016 introduced no par value for shares and CSC's share premium will have to be loaded back to its nominal share value within 24 months, CSC's current par value is high at RM1 per share and I will not be surprised CSC split its shares in the near future or issue bonus shares. This is due to market price trading significantly below net asset value. This is a very blue company compared to many steel companies.

Posted by stock lover > 2017-03-16 21:09 | Report Abuse

Agreed with Su Jackie, this is a good company. This counter means for investor and not really for trader.

Posted by cctang22 > 2017-03-16 23:14 | Report Abuse

Hi Su Jackie im new here, may I know how to get the 14cents dividend? If now only buy, still can get the dividend by June?thanks

Posted by Chanyut Sappinit > 2017-03-17 04:34 | Report Abuse

Yes...you buy and hold it till exdate...some where in june..then you will get it. Please see the exdate..and payments date

Posted by Chanyut Sappinit > 2017-03-17 04:38 | Report Abuse

If compared with FD paid by bank.. this CSCSTEL dividen still higher than we put money in the bank..but the only frustrated people is the share price keep dropping. Maybe we come in too fast..the exdate is very long way to go...need to top up every 10c down. ..hahaha

Posted by cctang22 > 2017-03-17 08:25 | Report Abuse

Thanks Chanyut Sappinit, mean as long as I buy before the exdate then I will entitle for the 14 cents dividend right? Will monitor hope it won't drop further thanks

Posted by hkc1969 > 2017-03-17 12:25 | Report Abuse

http://www.sunsirs.com/uk/prodetail-318.html

i dont really know if the above chart is relecting the local prices which might explain the reason the share prices of csc going down

Posted by Chanyut Sappinit > 2017-03-17 14:49 | Report Abuse

Yes

Posted by Chanyut Sappinit > 2017-03-17 14:51 | Report Abuse

But I think no need too rush..don't do the same mistake as me..I came in to early..and I'm struggle inside...Maybe end of April should be good or wait till 1.6???

Posted by didi2005 > 2017-03-17 18:45 | Report Abuse

The Board of Directors of CSC Steel Holdings Berhad (the "Company") wishes to announce that it would be seeking authorisation from its shareholders for the Proposal in conjunction with the Special Business at the Thirteenth Annual General Meeting of the Company, to be convened on a date which would be announced later.

What special business? Is it a good news?

Posted by stockmanmy > 2017-03-17 18:54 | Report Abuse

what ever it is, it can only be good news.

Posted by Ahbeng11 > 2017-03-17 18:59 | Report Abuse

Its referring to the special dividen i guess

Posted by Jon Choivo > 2017-03-17 19:02 | Report Abuse

Hmm on a net net (cash+inventory+net receivabled) basis, this share is now worth 1.38.

Not as good as a bargain as choo bee, but not bad.

Posted by Chanyut Sappinit > 2017-03-18 05:38 | Report Abuse

Thanks @didi2005 for updating. ..hope it will be good news..bull is running but CScStl is sleeping. .so bad bad the price is drop and drop..maybe good opportunity to buy more

Posted by yuanlong57 > 2017-03-18 06:38 | Report Abuse

Didi2005, C. Sappinit, I think the company is referring to getting shareholders consensus to buy back its own shares at desired price level to protect & prevent share price from falling further.

Posted by Chanyut Sappinit > 2017-03-18 08:56 | Report Abuse

@Yuanlong57...is it good for us? Hope it will be good news..most of the counter of my folio is doing ok..but only this counter is no good. ..

Posted by noah > 2017-03-18 09:20 | Report Abuse

Su Jackie: CSC is one of the best steel company at current price of RM1.77. June comes and dividend is 14 sen and equates to a dividend yield of 7.9 %. 3 months to go to get 7.9 % which annualize to 31.6 % yield. This is the only steel company that does not borrow a single sen. CSC will continue to generate good margins as prices for hot rolled coils and cold rolled coils continue to remain firm. Steel companies' cost of material in house work on average costs (much lower than current cost) and compared to current replacement cost at high level will continue to contribute excess margins for the next two Quarters. Steel companies have raw material and finished goods to cover at least the next three months. CSC does not have to bear any finance cost and this is very positive to its net margin. Companies' Acts 2016 introduced no par value for shares and CSC's share premium will have to be loaded back to its nominal share value within 24 months, CSC's current par value is high at RM1 per share and I will not be surprised CSC split its shares in the near future or issue bonus shares. This is due to market price trading significantly below net asset value. This is a very blue company compared to many steel companies.
16/03/2017 17:43

-----------------

Did you know the share price will adjusted down by RM0.14 after the dividend ex-date?

If you want to calculate this way, let me introduce you a new method, you can earn 2844% in share market, better than all money game, hands down.


How to execute?

Just buy every company 1 day before ex-date.
Then your yield could be easily >1000%.

For eg, you buy CSC 1 day before Ex Date,
with dividend yield of 7.9% p.a, its 31.6% per 3 months, 94.8% per month and 2844% per day based on your logic.

Better than those money game right??

Posted by noah > 2017-03-18 09:26 | Report Abuse

Btw, just for reference.

Check the below graph and you will know about what is their margin now,
Since they are buying HRC to manufacture CRC.

http://www.sunsirs.com/uk/prodetail-195.html

http://www.sunsirs.com/uk/prodetail-318.html

Posted by yuanlong57 > 2017-03-18 14:41 | Report Abuse

C.Sappinit, in a way it is good as the company is protecting the share price from (unfairly) going further down. At 17 March closing of 1.76 (less 0.14 sen ~ 1.62), investors are getting a nice discount to its NTA 2.1878. Protecting share price is protecting shareholders interest.

From another angle, the share buyback hints that the company's financial condition is healthy - strong cash reserves. The company has to sustain the price for about three over months when it goes ex-date.

Negatively, if the share is allowed by the market to determine, its true value may be badly bashed up and distorted. The company loses, shareholders lose too.

Don't worry too much about the present 'noises' of its share price dropping. One must remember that CSCSTEL is a cyclical stock so it is natural to undergo occasional 'dips' in the course of its business cycle.

There's a saying, 'one shallow does not make a summer and reversedly, 'one bad summer does mean that there won't be any more shallows in other summer. '(emphasis, mine)

The important thing is, how has the company been performing over the past years? Has its performance been consistent? What's the financial health of the company - its gearing ratio, management efficiency, cash reserves, etc.

Posted by Chanyut Sappinit > 2017-03-18 17:19 | Report Abuse

Thank you very much Yuanlong57.

Posted by Chanyut Sappinit > 2017-03-20 13:19 | Report Abuse

Today is up...hope never drop back

Posted by sniper123 > 2017-03-20 16:22 | Report Abuse

wen N WHERE is the AGM/EGM FOR csc steel??

Posted by yuanlong57 > 2017-03-20 16:25 | Report Abuse

I think the price will continue to see-saw for quite some time before it fires up with a rally. The problem lies with the company fixing the ex-date so far forward at 25 June. That's about more than two months. Around these months of Jan - March many companies are releasing quarterly reports and attractive dividends which compete for investors money.

If investors know that the fundamentals of the company are good, they will come to the counter. Human pyschology works in strange ways that people tend to buy earnestly when the dateline nears.

Posted by stock lover > 2017-03-20 22:17 | Report Abuse

This company have impressive fundamental, good dividend and very low debt.

Posted by Chanyut Sappinit > 2017-03-21 20:31 | Report Abuse

Good company with good dividen

Posted by sarariman > 2017-03-22 15:50 | Report Abuse

buy low sell high

Posted by hng33 > 2017-03-22 16:24 | Report Abuse

bought csc at 1.78-1.79

Posted by geary > 2017-03-25 02:43 | Report Abuse

50 days SMA Bearish. Overvalued. Thanks!

Posted by geary > 2017-03-28 00:24 | Report Abuse

Cyclical or erratic earnings. Fair price below its NCAV of 1.28. Thanks!

Posted by yuanlong57 > 2017-03-30 01:10 | Report Abuse

Cyclical or erratic, somehow things will eventually normalize to its correct level. Tough times don't last; only tough companies do.

Posted by stockmanmy > 2017-03-30 01:45 | Report Abuse

if you can prove I recommend at $ 2.30 I will give u a prize.

At $ 2.30 the company sold its Treasury shares and the whole world panicked....why didn't you sell yours then?

Posted by KLCI King > 2017-03-30 02:03 | Report Abuse

Anyone can just delete his own comments easily, haha.

Posted by KLCI King > 2017-03-30 02:03 | Report Abuse

Don't try to trick, I have never bought any shares that KYY was in & I will never get into any shares that KYY is having. If he is to get into any company that I have, I will sell high to me.

Posted by KLCI King > 2017-03-30 02:04 | Report Abuse

The old man is just a joker with lots of money he can't bring into coffin & he has let his dog out barking everywhere in i3.

Posted by KLCI King > 2017-03-30 02:06 | Report Abuse

The most funny part is the dog love to lick the master's balls as his master likes it so much.

Posted by stockmanmy > 2017-03-30 08:51 | Report Abuse

You are spreading fake news because I did not promote CSC at $ 2.30 or above.

Posted by stockraider > 2017-03-30 11:29 | Report Abuse

Yes...mammy did promote CSC at Rm 2.30....citing game changer...this & that loh.....!!

Now price come down alot already....sing a different tone loh....!!

Raider always says csc and choobee are brothers.....in steel ind...not csc game changer as claimed by kyy and his side kick mammy loh...!!

Posted by Jon Choivo > 2017-04-05 15:19 | Report Abuse

Stockmanmy, yes you did.

I distinctly remember reading it, you can delete your post, but doesnt mean its not true.

Posted by hng33 > 2017-04-05 15:33 | Report Abuse

sold back all csc at 1.85, lock paper profit, free up capital

Posted by sogeking > 2017-04-05 17:18 | Report Abuse

Question to all sifus, will this counter gain profit from the 55 bil worth East Cost Rail Line (ECRL) project due to demand on the steel ?

Posted by stockmanmy > 2017-04-05 17:20 | Report Abuse

I should think so...railings should use flat steel.

Posted by stockmanmy > 2017-04-05 17:23 | Report Abuse

no, I did not delete any thing.....In fact I sold soon after Company announces sale from Treasury shares...and company was evasive when asked direct questions.






Jon Choivo > Apr 5, 2017 03:19 PM | Report Abuse

Stockmanmy, yes you did.

I distinctly remember reading it, you can delete your post, but doesnt mean its not true.