Mikecyc TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS Disposal of 20% equity interest in Hanwa Steel Centre (M) Sdn. Bhd.

23/05/2021 11:54 AM




Posted by Mikecyc > May 23, 2021 11:45 AM | Report Abuse

HAHa why a cash rich n no debt company is selling its property land for RM 43.5 million in current market sentiments ...company cash n balances got more than RM 300 million .. no enough for working capital ke ..

Posted by Mikecyc > May 23, 2021 11:46 AM | Report Abuse

Group managing director Yin Shou-Kang said in the company’s 2020 annual report that CSC Steel will continue to strengthen its competitiveness amid the uncertainties that the Malaysian steel industry is facing following the Covid-19 outbreak and trade wars in 2020.

PETALING JAYA: CSC Steel Holdings Bhdhas unlocked some value through the disposal of two parcels of industrial land in Perai, Penang, for RM43.5mil cash and intends to use the proceeds for working capital.

23/05/2021 12:00 PM

Mikecyc Haha why sold when current market price is with great discount ?? and with cash n balances over RM 300 million , no debt .. not enough for working capital ??? Hahaha

23/05/2021 12:27 PM

stockraider Very simple mah....by selling the empty land...Csc have more cash by rm 42m mah!

That means its balance sheet already strengthen by Rm 42m...whether steel price up or down mah!

Posted by Mikecyc > May 23, 2021 12:25 PM | Report Abuse

re steel prices going up in 2021?
Will steel prices go down in 2021? Steel prices are extreme and should decline from late second quarter through the end of 2021. Locking now will mean over-paying over the second half of the year.

23/05/2021 12:28 PM

SEE_Research https://klse.i3investor.com/blogs/see_research/2021-05-23-story-h1565211222-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_UPDATED_NUMBER_3_.jsp

23/05/2021 4:18 PM

cmhome they need more cash to trade more steel... good for the company...

24/05/2021 11:04 AM

Mikecyc Haha one day show ke ...just pump n distribution of share ..

25/05/2021 9:13 AM

Mikecyc Haha volume is low is easy to get trap if chase high ....

25/05/2021 9:15 AM

stockraider CSC is going to report all time high profits this few days loh!

25/05/2021 9:43 AM

AngryBird sorry profit not all time high, but revenue yes, so still within expectation

25/05/2021 5:17 PM

SEE_Research https://klse.i3investor.com/blogs/see_research/2021-05-25-story-h1565244021-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_ANOTHER_CHOO_BEE_MET.jsp

25/05/2021 11:28 PM


Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,

the clock is ticking down for you.

ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely

ALCOM manufacture, supply :

Aluminium interrelated products
Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021
Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021
Historical high price now, as per May 2021 period ,
comparing to April 2020 ,then was USD 1,460.00 per metric ton

Recent good announcement by Alcom / 2674 on 23 Feb 2021
On the financial quarter with revenue RM 109,633,000.00
Record profit -for this financial quarter RM 10,074,000.00 ***
EPS : 7.50
*** = record

Recent good announcement by Alcom / 2674 on 25 May 2021
On the financial quarter with record revenue for this quarter RM 139,828,000.00 ***
Consistent profit -for this financial quarter RM 7,398,000.00
EPS : 5.51
*** = record

Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03
Annualised per year 24.03 cents x 10 PER (price earning ratio )
Intrinsic value RM 2.40 less 30 % discount,
Final mid term target price RM 1.68

surge to limit up
For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )

Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement
21 May 2021 --

surge to limit up
Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed)
Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )

26/05/2021 12:23 AM

SEE_Research For 27 May 2021

Alcom /2674,

Steel counters especially
Choo Bee,
Ann Joo will provide uptrend momentum for steel, aluminum sectors,
Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.

27/05/2021 12:56 AM

Sardin Operating profit for Q1 2021 alone is 30 mil which is two third of the profit in the whole year of 2020.

27/05/2021 9:43 AM

stockraider If this type of Profit sustained for CSC we will be looking at Dividend 12 to 15 sen this financial year loh!

27/05/2021 10:00 AM

Sardin Hi @stockraider & @AngryBird, mind to share if you do estimate CSC 2021 Q2 EPS? My estimation is RM 0.10 per share. Is it the same as you? Thanks.

27/05/2021 11:59 AM

stockraider Correctloh...eps 10 sen q2 mah...!

27/05/2021 12:01 PM

Sardin My estimation is based on average iron ore, coal, limestone in Apr & May. Im taking HRC selling price for reference because I dont have CRC reference price. CRC price should be higher than HRC so I think my estimation is conservative. Assumption is based on 128,933 metric tonne output / sales in Q2.

27/05/2021 12:03 PM

stockraider Q2 sharp increase in steel price worldwide mah!

27/05/2021 12:05 PM

Sardin Hi @Stockraider / @AngryBird, is there any dividend policy announced by CSC? Is it minimum 50% payout ratio? Thanks.

27/05/2021 12:12 PM

stockraider 60% payout policy mah!

Posted by Sardin > May 27, 2021 12:12 PM | Report Abuse

Hi @Stockraider / @AngryBird, is there any dividend policy announced by CSC? Is it minimum 50% payout ratio? Thanks.

27/05/2021 12:36 PM

27/05/2021 12:39 PM

Mikecyc Haha 60 % ke ???

Dividend policy 50 %

Divident Yield 4.14 %


stockraider 60% payout policy mah!

Posted by Sardin > May 27, 2021 12:12 PM | Report Abuse

Hi @Stockraider / @AngryBird, is there any dividend policy announced by CSC? Is it minimum 50% payout ratio? Thanks.
27/05/2021 12:36 PM

27/05/2021 1:27 PM

Mikecyc Haha volume is relatively low ... easy to Pump n Dump as current market trend .. easy to get trapped also ... can pump back to 2.00 ? forseen will not .. just push back to range 1.60 - 1.80 for shares change hands ....

27/05/2021 1:33 PM

Mikecyc Haha Zhulian is cash rich company , no Debt :

Dividend Policy 60 %

Dividend Yield 9.04 % ( every year is at least 9 % )

27/05/2021 1:36 PM

Sardin Hi Mikecyc thanks for the div policy info. If div policy is min 50% payout then I think there will be special div before end of this year. :) Profit will be much higher in Q2 I guess. Although steel is cyclical I think theres some structural change due to new policy in China. So this is the beginning of the new era where margin for steel mill will be a lot healthier in 2021 - 2030. China no longer needs a lot of steel for infrastructure so they dont have to maintain at extremely cheap price but a more reasonable price for overall good of their steel companies.

27/05/2021 5:01 PM

Sardin Even if at RMB 5,350 (equivalent to RM 3,470) a ton our steel mills will be laughing all the way to the bank.

28/05/2021 5:45 PM

ahbah With t&c, U got masuk steel counters lah.

28/05/2021 5:47 PM

wallstreetrookie There is little convincing evidence to support the deeply held belief among economists that expectations themselves can fuel inflation. Workers demanding bigger pay increases in anticipation of inflation can indeed make it worse, but there needs to be some initial trigger, such as the 1970s oil shock or sharp currency depreciations. Even unusually rapid economic recoveries like today’s don’t typically qualify.

Investors who truly fear such worst-case scenarios may still want inflation hedges. For the rest, they are becoming a pricey insurance policy.

31/05/2021 6:04 AM

Sardin Anybody know what kind of furnace is used by CSCSTEL?

31/05/2021 3:43 PM

morganlee is steel counter entering into a super bull trend starting from next week onwards?

15/06/2021 4:40 PM

dchin472 does steel dont have price alrd?why all steel industry drop

24/06/2021 10:43 AM

SEE_Research SEE_Research https://klse.i3investor.com/blogs/see_research/2021-05-25-story-h1565244021-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_ANOTHER_CHOO_BEE_MET.jsp
25/05/2021 11:28 PM
KSSC /5192

To :all the investors,
1. who had taken buy consideration on
22 May 2021, at that time, it was super cheap RM 0.67,
can reap super great harvest as this stock is on uptrend mode to RM 2.00.

2. From 28 June 2021, onwards,
it will be good to include
KSSC in your watch list,
for super uptrust mode with potential limit up process.
27/06/2021 1:12 AM

27/06/2021 1:19 AM

SEE_Research https://klse.i3investor.com/blogs/see_research/2021-06-27-story-h1567059317-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_3_M_means_MONEY_B.jsp

27/06/2021 3:45 PM

johnsiewck75 can i know why this counter keep on selling? other steel counter still maintain in trend

28/06/2021 6:49 PM

Diamond7 Unker ask to selllllll....
Unker says ...sell Leon fatt!!!

11/07/2021 2:24 PM

Diamond7 https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-10-story-h1567920382-A_safe_strategy_during_pandemic_Koon_Yew_Yin.jsp

11/07/2021 2:29 PM

Yong Meng https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况

14/07/2021 9:20 AM

Bolo88 Good quater result !

15/07/2021 11:39 AM

Tan Frank all the steel strong rebound,this one still sleeping ya.

16/07/2021 11:10 AM

wallstreetrookie “The steel industries outside of China will potentially enter a renaissance period,” said Tom Price, head of commodities strategy at Liberum Capital Ltd. in London. “We could see a turnaround story there because those economies just need their steel.”

Developments in China are key, given it produces more than half of the world’s steel, mostly with coal-fired blast furnaces. The government has signaled it no longer wants to bear the huge environmental burden that entails, so it’s seeking to curb production through measures such as firming up guidance on capacity swaps and removing export tax rebates.

“Restrictions almost certainly will come into place,” said Tomas Gutierrez, Asia editor and head of data for Kallanish Commodities Ltd. “Steelmakers overseas can sleep a little easier.”

18 July 2021

19/07/2021 8:12 AM

YC88 Is CSCSTEEL operating now ?

28/07/2021 1:44 AM

calvintaneng This news bad for CscSteel & Mycron as they produce flat steel for car bonnets, door panels


Sell now and switch to TSH or Thplant

Final decision is yours

19/08/2021 11:20 AM

musso77 what happen to this stock, sharp price drop on 24/6 - 28/6 then sideways until now?

29/08/2021 10:19 PM

Tan Frank Net Cash/Good Dividend/Good QR -no worries-cheers

30/08/2021 11:06 AM

Reach out

Find us at the office

Mcevilly- Liposky street no. 40, 55778 Tórshavn, Faroe Islands

Give us a ring

Maliek Elvis
+23 188 845 957
Mon - Fri, 7:00-15:00

Say hello