China Steel Corp (中鋼) yesterday said it would raise domestic steel prices by up to NT$1,200 (US$39.59) per tonne for delivery next month, citing rising raw material costs and an upward trend in global markets.
The steel sector is cyclical. So you would expect its business performance to be correlated with the global steel prices. The company does not have enough readily available historical info over the past 2 cycles to enabled detailed analysis. There are lots of other listed steel companies with such info. Why give yourself the headache with this one?
0.25 is huge resistance. If break, I will come in hopefully. The stock are similar to widad slow and steady climb up. Just be cautious and prepare your stop loss when neccessary
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.
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....
Alexks8888
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Posted by Alexks8888 > 2023-02-13 16:00 | Report Abuse
Good just wait