keep monitoring and do the bottom fishing, if the company has decided to close door, masters has to return NTA 1.60 per share to shareholders, I can welcome this decision also.lol
More sell down next week. Malaysia steel wont die 1, currently dormant mode only, if u can keep for 5 years, profit will be excellent . Is just a repeat of cycle of few years ago.
I'm waiting for masteel to declare close shop. Liquidate all asset. NTA 1.60?....die die sell scrap metal also can get 80c right? So buy now still have 100% returns.
let masteel go bankrupt. Sell all asset and return to shareholder. Asset is much higher because many propoerty not revalue for donkey years. No need do steel business. Just sell off all asset and veryone will be happy.
idk my point of view correct or not since the construction/ property will be back to normal again (like before election) thus steel industry also will be back as their recession period already too long
then if now slowly collect maybe 2-3 years will bloom again?
KUALA LUMPUR (Jan 18): The government has terminated the engineering, procurement, construction and commissioning (EPCC) contract awarded to China contractor China Communications Construction Co Ltd (CCCC) for the RM81 billion East Coast Rail Link (ECRL) project, a source told theedgemarkets.com today.
CCCC was instructed to stop all construction works and services regarding the ECRL project by Finance Minister Lim Guan Eng on July 3 last year until further notice, pending a review.
The ECRL is among several mega projects being reviewed by the current Pakatan Harapan government, in this case due to the cost of undertaking the ambitious railway link that forms part of China's "One Belt, One Road" initiative.
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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....
TYS_Capital
1,691 posts
Posted by TYS_Capital > 2018-12-14 22:46 | Report Abuse
@ Ben pang, don't cut loss as steel business will pick up in 2020. for Masteel, the company is still making positive earning, why....to cut loss le?