Posted by Warn3r > 2017-08-18 11:41 | Report Abuse

Good morning all. 没有最高，只有更高。

Posted by Stock Kingdom > 2017-08-18 12:01 | Report Abuse

Wow, all Round steel no stocks & price keep going up. Thanks for the updates, Bro Edward

Posted by leoting > 2017-08-18 12:05 | Report Abuse

Precious info from Edward. Thanks.

Posted by Albukhary > 2017-08-18 12:22 | Report Abuse

Count down to RM2.00.

Posted by sticky > 2017-08-18 15:06 | Report Abuse

count down to RM1.70, Is false momentum of break high.

Posted by gcke > 2017-08-18 15:07 | Report Abuse

Read- http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=10690

Posted by gcke > 2017-08-18 15:16 | Report Abuse

Perusing through the Moving Averages(MA),Moving Average Convergence Divergence(MACD), and Relative Strength Index(RSI) price charts the SSteel( cliche Strewn Steel) is now showing a very strong bullish trend and momentum.Well supported.

2.Expect the uptrend to continue barring any untoward geo-political events and negative news emanating from The White House,USA.

3.Past experience on any Hong Leong owned counter ( corporate maestro Tand Sri Quek Leng Chan) the price will shoot pass the Target Price(TP) is the coming QR to be announced next weeks or before end August is positive and better than the previous QR y-o-y.

Outcome: ODDs favour the upside in price to continue with the positive and useful jibes,information,feedback by many forumers for this counter:-)))

Posted by zefftan > 2017-08-18 15:45 | Report Abuse

Sorimachi

14.85% is gross profit margin

Revenue - cost of goods sales

Posted by sticky > 2017-08-18 16:43 | Report Abuse

RSI, MACD,price charts...
no comment.

I always use my own formula to invest in the stock market.
We wait & see for the next week share price momentum.

Posted by KLCI King > 2017-08-18 16:53 | Report Abuse

Chartists are more like fortune tellers, predicting based guessing

Posted by yeekarwai 95 > 2017-08-18 16:56 | Report Abuse

new high again!1.94!

Posted by Warn3r > 2017-08-18 18:22 | Report Abuse

I thought Friday it would soften by a couple cents. It actually went up by 4 cents. I can only say, really 今时不同往日。

Posted by yeekarwai 95 > 2017-08-18 18:48 | Report Abuse

yup,at first some people dumped their share at 1.88 and below,but the price has well supported.
see ssteel reach 2.00 next week.

Posted by sticky > 2017-08-18 18:54 | Report Abuse

Majority of the investor in this marketing are wrong.
Perhaps I am of them.

Posted by leoting > 2017-08-18 19:42 | Report Abuse

I think there is new institutional investor take position in Ssteel.

Posted by veln82k6 > 2017-08-20 12:19 | Report Abuse

Local consumption for steel bar and wire rod around 5.7 million tons and 5.8 million tons in 2014 and 2015 with 1.90 million tons and 2.52 millions tons are imported. Based on the production capacity for the mill taken from thestar, I expect the mill will run at full capacity going forward.

http://www.thestar.com.my/business/business-news/2016/12/12/earnings-up-cycle-seen-for-steel-companies/

As the mill still not yet fully recover all its production line, i expect the steel price will continue to rise in short term until all the mill running at full capacity. Expect sales to increase at least 40% going forward as no more import from China where the price is higher.

Posted by Stock Kingdom > 2017-08-20 12:48 | Report Abuse

Thank you for the sharing, veln82k6, news is old but still relevant.

Posted by Stock Kingdom > 2017-08-20 12:49 | Report Abuse

Current steel price around 2,500-2600, compared to last few months 1900-2100. What can we expect? The market still not realised the beauty part of this great recovery of this steel industry

Kenanga Research noted that local steel rebar prices trading at the range of between RM1,700 and RM1,850/tonne as at end-September as opposed to the lows of RM1,450/tonne in financial year (FY) 2015 due to China exporting steel rebars at extremely low prices, causing local steel players to register losses.

Posted by VenFx > 2017-08-20 14:40 | Report Abuse

Veln82k6,
thx for highlight the gisting point again ...

I'm start wondering, Amongst the BiG4 who has the ready plant facility space to catching up with the 40% gap in order to fill the robust demand when most Malaysia infra construction progressively take effect.

Lsteel is currently commence production Aug'17 ...

In what way or best effective way to increase productivity ? Need Sifus here throw some light .tq

Posted by VenFx > 2017-08-20 14:47 | Report Abuse

Guys ,

Who has the B4 plant utilisation info, would be glad if he willing to share it here.

Posted by John Lu > 2017-08-20 14:59 | Report Abuse

Venx sifu, compare annjoo and ssteel, which one better?

Posted by VenFx > 2017-08-20 15:19 | Report Abuse

Hi ! John bro
To gauge better info, we need to keep track with B4 individually.

Key to wacth are :
#1. Steel price , currently at $2560 from $2000 julai'17
#2. Inventory , from their last closing book. Where as Annjoo and Ssteel has did good.
#3. Gross profit Annjoo has best margin by 19% so far .
#4. Sales consistently , I like Steel and Annjoo . (Although now are Sellers market)
#5. Other treat, like impairment lost ... hope Lionind will be do for once and forever for its Parkson's pull factor.

Above #1-5 , can be found in most Leoting article.

Wish to add #6 , plant utilisation rate of the Big4 .

Back on your question, at this moment Ssteel has been my most favourite amongst the Big4 . Tp of $3.50 is deem achievable if the steel price maintain above $2380/ mt continuously for the next 2-3 qtr .
Becoz of its very consistently revenue and very high inventory closing from last qtr .
period.
Ann joo, will still be the sector winner along with the highly demand in home front.
Tp $5.40 very mucb achievable , if u are ready to keep it for 12 months.

Posted by VenFx > 2017-08-20 15:25 | Report Abuse

Lionind , has 2 keys to wacth . 

#1. Hope to see its furthur acceleration for its inventory. 
#2. Parson's impairment .

HOPE TO SEE ANOTHER BKACK HORSE in the making .

Posted by John Lu > 2017-08-20 15:26 | Report Abuse

Ok thanks Venfx sifu

Posted by VenFx > 2017-08-20 15:27 | Report Abuse

:)

Posted by ming > 2017-08-20 17:13 | Report Abuse

I think who has the largest capacity or inventory will enjoy the biggest gain.. after aug qr we should know the inventory lvl

Posted by VenFx > 2017-08-20 23:19 | Report Abuse

Once , the physiology band of $1.97 - 2.05 overcomed ;

SurewinSteel will start conquering its new terrains to $2.50.

Posted by veln82k6 > 2017-08-21 00:25 | Report Abuse

My comment on big 3

Annjoo -
1) Capacity constraint but with highest profit margin among all.

2) Pay good dividends after making profit

SSteel -
1) 2nd largest capacity after Lion Industries but profit margin is lower than anjoo. If able to run at full capacity I believe profit will increase at least 40% again.

2)Strong support from Hong Leong Group (financing and marketing network)

3) Pay dividends after making profit


Lion Industries -
1)Has largest production capacity but profit margin is lower than anjoo. If able to run at full capacity I believe profit will increase at least 50% again. Not sure when banting plant will commence operation. Need to overcome financing constraint as it will need more financing from the bank to purchase raw material if commence operation. despite it is in net cash position. Not sure whether bank will give more loan as the company is affected by other related companies.(LIon corp, parkson,etc)

2) Parkon factor (impairment loss).

3) No dividend. But expect to declared dividend again in FY2017 to attract more investors

Posted by VenFx > 2017-08-21 00:36 | Report Abuse

Good info ,
Do u know the maximum capacity in weight metric by their existing plants ? Tq

Posted by VenFx > 2017-08-21 09:16 | Report Abuse

爆了
恭喜恭喜 :)

Posted by Buybuybuy > 2017-08-21 09:18 | Report Abuse

Trading buy call 2.50. The volume is increasing and uptrend is still intact. Time to buy now before it is too late.

Posted by edward123 > 2017-08-21 09:27 | Report Abuse

Southern Pricing : (Morning) Up RM10/Mt
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650 (No Stock)

Amsteel Pricing : (Morning) Up Rm10/Mt
Y16-32=Rm2450
Y10,12,Y40 &R10 =RM2600
R6,8,12,16,20&25=Rm2650

Posted by leoting > 2017-08-21 09:32 | Report Abuse

Thanks Edward. You did help all of us.

Posted by goodluck999 > 2017-08-21 09:56 | Report Abuse

finally .. it is RM2 now.. haha ..congratulations to all the holders.

Posted by TrippleZ > 2017-08-21 09:59 | Report Abuse

Awesome.

Posted by edward123 > 2017-08-21 10:06 | Report Abuse

Bro Venfx, it is not the plant capacity matters but the storage area is the key problem for all steel mill, plse take a look of their plant area that is unable to cope with the production capacity therefore storage is the key factors now.

Posted by VenFx > 2017-08-21 10:10 | Report Abuse

Edward123,
Thx to point out,
Mind to share what's the B4 yard storage capacity

Posted by edward123 > 2017-08-21 10:36 | Report Abuse

Bro Venfx, to be in fact u can go and take a look of each steel mill is pack with goods or scraps that have covered the whole area already. Especially SSteel & AnnJoo

Posted by VenFx > 2017-08-21 10:41 | Report Abuse

Thz bro,
Juz, I'm too far from there.
With the plant storage capacity , it will help to project 1 steo furthur

Posted by VenFx > 2017-08-21 10:42 | Report Abuse

Especially during steel shortge day

Posted by JayC > 2017-08-21 10:43 | Report Abuse

i beh tahan, decided to buy SSteel @ RM2.

Posted by yoloisreal > 2017-08-21 10:47 | Report Abuse

i beh tahan too lol buy buy buy

Posted by sticky > 2017-08-21 11:08 | Report Abuse

Weekly trader must sold the share between this 2 days.
New investor or quarterly trader please wait & see.
1/2 Yearly trader please ignore my opinion.

Posted by VenFx > 2017-08-21 12:37 | Report Abuse

Hahaha, like your advice very much

Posted by JayC > 2017-08-21 16:41 | Report Abuse

wow all my buy q done!!! now i'm fullly in this club

Posted by yeekarwai 95 > 2017-08-21 16:57 | Report Abuse

opening and closing price are the same,a lot of ppl take profit.

Posted by goodluck999 > 2017-08-21 17:11 | Report Abuse

is ok . just a normal pullback..weak holders and intra players must be washed out first in order to move further

Posted by goodluck999 > 2017-08-21 17:12 | Report Abuse

remember one thing you cant really fight the syndication if you are not steady enough.. not much of us could do that so frequently... unless you are a long term holder and MUST always in patience ..

Posted by aiboon > 2017-08-21 17:12 | Report Abuse

big Gravestone...jialat

Posted by edward123 > 2017-08-21 18:00 | Report Abuse

Jackpot in the eyes of the beholder.....Be Patient