Posted by mbs7633 > 2016-08-22 17:15 | Report Abuse

good cash flow. no debt. high dividend. i like this.

Posted by William Tan > 2016-08-22 17:22 | Report Abuse

anyone can proof director collecting data?

Posted by William Tan > 2016-08-22 17:26 | Report Abuse

mbs7633...near my house=="....csc beside mamee factory

Posted by William Tan > 2016-08-22 17:27 | Report Abuse

mbs7633...u melaka people?ur car no mbs...haha

Posted by Nigel Low > 2016-08-22 17:31 | Report Abuse

Director collecting? I thought director had been disposing therefore price sliding downwards.

Posted by noah > 2016-08-22 17:58 | Report Abuse

that Singapore fella Gan Thian Chin which selling like no tomorrow is NO director or play any part in the management team.
he is just a shareholder. the difference is that he is holding a huge percentage of company share.
other company that he held before including JKGLAND & TA.

he is known for disposing share like this pattern before.
For JKGLAND (known as KELADI Maju back then), he also keep disposing the share from 2013 up till 13 Feb 2014 when he ceased to be a substantial shareholder.

he just bought in CSCSTEL share since 2011, so might be time for him to off load at breakeven price. (SGD and MYR conversion rate is not that favourable)
those who have the opportunity to buy cheap should thank him.

Posted by Kungsing Ting > 2016-08-22 18:14 | Report Abuse

Notice of Shares Buy Back - Immediate Announcement

CSC STEEL HOLDINGS BERHAD

Posted by Ahbeng11 > 2016-08-22 19:06 | Report Abuse

Share buy back, since so long didnt see share buy back, is a good sign

Posted by yeekarwai88 > 2016-08-22 19:48 | Report Abuse

another steel counter announced QR,that is ssteel.
but ssteel QR is worse.

Posted by Johnnys > 2016-08-22 19:54 | Report Abuse

why ssteel QR is worse?

Posted by yeekarwai88 > 2016-08-22 19:57 | Report Abuse

ssteel the lastest QR EPS is -26.86sen

Posted by YOLOOOO > 2016-08-22 20:03 | Report Abuse

Not all steel counters are good

Posted by calvintaneng > 2016-08-22 20:17 | Report Abuse

Posted by Johnnys > Aug 22, 2016 07:54 PM | Report Abuse

why ssteel QR is worse?


yeekarwai88
2912 posts
Posted by yeekarwai88 > Aug 22, 2016 07:57 PM | Report Abuse

ssteel the lastest QR EPS is -26.86sen


YOLOOOO
1389 posts
Posted by YOLOOOO > Aug 22, 2016 08:03 PM | Report Abuse

Not all steel counters are good

Calvin thinks both Annjoo & SSteel have done well.

Annjoo did exceptionally well.

SSteel also earned over Rm40 mil this quarter (negative result due to one off impairment if you read carefully.)

Masteel expected to do very well.

All these - Annjoo, SSteel & Masteel are long steel players.

Csc steel is more towards flat steel. It's ok. However, the greatest growth going forward will be in Long Steel

Long Steel bars are used in MRT Pillars, heavy infrar construction works like Highrise, Highways & other mammoth heavy construction works.

Posted by hyteo1992 > 2016-08-22 20:17 | Report Abuse

tats why i said, the strength of cscsteel is the management team.. even annjoo also lose making until recent quarter. You can sleep well while the good management team work for you.

Posted by hyteo1992 > 2016-08-22 20:18 | Report Abuse

Mr. Gan has his own reason to sell the share. But the reason for sure is not about the condition or quality of the company.

Posted by Kungsing Ting > 2016-08-22 20:23 | Report Abuse

U are right, good management team can help to build good kingdom.

Posted by hyteo1992 > 2016-08-22 20:38 | Report Abuse

but Mr. Gan still holding large amount of shares. Even if all selling today is done by him, he still hold around 16,000,000 shares. The selling will continue until he go away..

Posted by Sigmund1118 > 2016-08-22 20:51 | Report Abuse

Another 2 -3 weeks from now , Mr.Gan may not able to influence market so much after selling 800k to 1M unit per day

Posted by Nigel Low > 2016-08-22 20:58 | Report Abuse

What you all think of Leader Steel? Anyone also bought this counter? Their Q2 coming out soon.

Posted by moneySIFU > 2016-08-22 21:04 | Report Abuse

Let's get cheap stuff when someone's throwing, why not?

Add some today. Will continue add more tomorrow if price goes lower.

Posted by moneySIFU > 2016-08-22 21:09 | Report Abuse

Whatever and how others perform, this company continue delivering profitable result during the tough time, sitting with huge cash pile and yet willing to reward shareholders by giving out more than 5% yield dividend year in year out.

Still need to learn a lot of things as now only know about this company.

My third shot of the year after lii hen & yee lee.

Posted by newbie92 > 2016-08-22 21:11 | Report Abuse

Director also selling, money sifu still so confident?

Posted by bonus2016 > 2016-08-22 21:22 | Report Abuse

i am newbie here at at stock, just bought some today, i am agree with moneySifu, when all the ppl rush to buy, mahbe good, maybe trapped, maybe goreng. but cscstel is performing stocks with good foundation! when ppl throws, it is low price to keep for long term, if tomorrow the price lower, mostly i will average low my price for middle and long term investment.

Posted by noah > 2016-08-22 21:45 | Report Abuse

newbie92.
gan is merely a shareholder.
how hard is it for you to differentiate between a "director" and a "shareholder"?

Posted by hyteo1992 > 2016-08-22 21:45 | Report Abuse

newbie92, Mr. Gan is not a director. He is just a shareholder who hold a large amount of shares. Go check management board, he is not even in the list.

Posted by eagle100 > 2016-08-22 21:59 | Report Abuse

So basically this Mr Gan has decided to sell on strength and he has large amount of CSC shares.

Posted by nicky11 > 2016-08-23 09:56 | Report Abuse

Today seems like will drop again, plan to grab more...I believe the dividend should be good on next year.

Posted by gg_gal > 2016-08-23 10:01 | Report Abuse

dont panic la guys.. just let mr gan and other people panic abit. you just hold and add more.. you will be happy soon. within this week

Posted by Traderi3 > 2016-08-23 10:04 | Report Abuse

Just buy 1.43, support in, will rebound anytime soon.

Posted by Carson Teor > 2016-08-23 10:05 | Report Abuse

company buy back at 1.48

Posted by Nigel Low > 2016-08-23 10:59 | Report Abuse

Sold this morning because yesterday's candlestick totally engulfed past 3 days, will monitor and come back when there's a buy signal.

Posted by Yap FS > 2016-08-23 15:05 | Report Abuse

Don't know TA theory is workable or not .... for the case if got syndicate manipulate the price ....

Posted by hyteo1992 > 2016-08-23 15:11 | Report Abuse

​Dear xxxxxxxxxx,

Thank you for your concern.

With regards to the low inventory level, kindly be informed that previously half of our raw material requirements are from third party whose supply is erratic thus a higher level of inventory is required. However now all our requirement is supplied from parent company and on time thus we do not need to keep a higher level of inventory.

regards,
cttan

This is the reply from cscsteel regarding to the low level of inventory. Unfortunately i didnt ask about Mr. Gan because he is not something that the company can control.

Posted by Ryan Lynk > 2016-08-23 15:16 | Report Abuse

I am newbie, may i know what is TA theory?

Posted by Yap FS > 2016-08-23 15:29 | Report Abuse

TA = technical analysis

Posted by Ryan Lynk > 2016-08-23 16:03 | Report Abuse

o... Thanks

Posted by noah > 2016-08-23 17:07 | Report Abuse

ask him.
do you quarrel with Gan that make him so mad to dispose all his holdings at ANY cost...
lol

Posted by gojirakingkong > 2016-08-23 17:21 | Report Abuse

Kumpul alot at 1.45. So nice qtr report but price no up.... timing not nice only

Posted by SteveLu > 2016-08-23 17:33 | Report Abuse

Today OTB just sent his report with his TP of 3.47.
He said can buy if above RM1.40 (technically safe)
I think even if you discount his TP by 50%, your TP is still 1.74. Looks like a promising investment.. Any other thoughts on this?

Posted by paperplane2016 > 2016-08-23 17:34 | Report Abuse

3.47???? crazy meh

Posted by younginvestor92 > 2016-08-23 18:22 | Report Abuse

can send to me also? :D lol if involve the growth in valuation then 3.47 possible...else this share is fully valued for me.

Posted by mbs7633 > 2016-08-23 18:25 | Report Abuse

haha. i just kidding. please subscribe to OTB if u want insider news. i delete my previous post.

Posted by Ooi Teik Bee > 2016-08-23 19:28 |

Post removed.Why?

Posted by paperplane2016 > 2016-08-23 19:53 | Report Abuse

Rm2 can lah, div so good. 3.4 a bit high

Posted by YOLOOOO > 2016-08-23 20:06 | Report Abuse

I agree with plane

Posted by paperplane2016 > 2016-08-23 20:09 | Report Abuse

The question is can result repeat? next few quarters at least I order to rerate steel. Fund mgr see steel sudah Kia Kia, after losing money for few yrs

Posted by Sigmund1118 > 2016-08-23 20:51 | Report Abuse

If eps can sustain at 20cent and above , Rm2 is very possible with cash on hand 0.84/share .

Posted by moneySIFU > 2016-08-24 11:37 | Report Abuse

Quietly collect this stock down from RM1.48 to RM1.43.... continue collect

Posted by younginvestor92 > 2016-08-24 11:51 | Report Abuse

bought 11k with my ang pau money @.@

Posted by younginvestor92 > 2016-08-24 11:54 | Report Abuse

too cheap... two downside: 1.cyclical stock 2.poor efficiency