Thanks for sharing your views. I guess the take-away is that the upcoming QR may or may not be as good as I wish but the subsequent QR will definitely be much much better if steel price can stay at the current sub RM 2.3-2.4k level.
Previous QR has write-off of inventories more than 20 mil. Is this sleeping dragon or just a worm, we will know it very soon as QR will release in this week I think.
If the management can't deliver good result following the increase of 30% rebar price during the Quarter period Oct to Dec 2016, then all can just jump off from the roof of their factory. :)
ANNJOO share price has rebound from 0.62 to 2.47 but SSTEEL just from 0.69 to 1.43. This is NOT FAIR since SSTEEL previous quarterly result is better than ANNJOO.
Nav is 1.78 and there QR just posted positive during last quarter . Another 2 more quarter positive can be turnaround for the company . Most investor are still cautious with next Q and the. It should goes up catch up with An joo.
Haha, you can sell the 5 lots @ 1.35 to bring up the price again and dispose the odd lots at the same time, killing 2 birds with a stone. By the way, seems like it is alternative day play between ANNJOO and SSTEEL now.
Because I have to pay min brokerage commission of RM28 for every transactions, I have to buy at least 5,000 shares or at least share value of RM6,666, in order to make the commission lowest for every share purchase.
There was one day I didn't realise that someone sold me 1,100 shares only, making my cost per share I purchased ridiculously high, nearly pengsan that day :(
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Posted by Warn3r > 2017-01-26 13:53 | Report Abuse
Thanks for sharing your views. I guess the take-away is that the upcoming QR may or may not be as good as I wish but the subsequent QR will definitely be much much better if steel price can stay at the current sub RM 2.3-2.4k level.