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Hi guys,
I have bought & sold Masteel in Its Cyclical UPs & Cyclical DOWNs for more than a decade already.
Let Calvin share his experience on a Cyclical like Masteel
When Pm Badawi came into power he cancelled many grandoise projects of Tun Dr Mahathir & that led to an economic contraction. He said Malaysia had no money then. That led to the protest of Tun Dr. M saying that Malaysia still has money from Petronas
Then Pm Badawi implemented a Huge Infrar project for the 9MP (Malaysia plan) for 2006 - 2010
See the Huge Amount of CASH Pouring into Infrar Jobs I sensed that there will be a Huge Demand for Cement & Steel
SO AT THAT TIME I WAS STILL A NEWBIE I BUY BOUGHT UP ALL THE CEMENT COMPANIES
I bought YTL CEMENT at Around RM2.20
Bought CIMA (Cement Industry of Malaya) at Rm2.40
Bought TASEK CEMENT At Rm2.90
Bought LAFARGE CEMENT  at 66 sen (Whoa this one people were throwing and throwing by the Millions, tens of millions being sold when I was fearfully buying at 66 sen) Lafarge later merged from 10 lots into 3 with 20 sen Cash payout (After that LAFARGE ROSE TO OVER RM10.00; if only those dumb sellings know ahead of time)
Later TASEK Rose to Over Rm16.00 while Ytl Cement was taken private by YTL after price has doubled & CIMA also taken private by UEM

NOW COMING BACK TO STEEL. Steel was really tricker as there are so many many - Mycron, Melewar, AISB, Choo Bee, CscSteel, Ann Joo (Annjoo got 2 but later merged into one), Kingsteel, Southern Steel, Presar,  Masteel & several others
Ha! Only later, much later, I found out that while All Cement Companies did very well generally the same cannot be said about steel
Only 4 Steel Stocks Shone in the end. All Long Steel Stocks for Infrar jobs while Prestar has Wheel Barrow & GUardrail for Highways
The rest of my investments in flat steel went nowhere and it was a waste of time and money
BUT I GOT AN IMPORTANT LESSON
So later when Next Infrar Boom Cycle Retarts I only go for Long Steel & Prestar
So Far It was Chun Chun

I bought Prestar again at 45 sen & Prestar gone up 200% in recent cycle
See

 

Author: calvintaneng   |   Latest post: Fri, 8 Mar 2019, 09:25 PM   |  >> Go to Blog Dashboard
  

PRESTAR: PRE-STAR Or Before It Turns into A STAR PERFORMING STOCK By Calvin Tan (Perth, Australia)

 

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Hi Guys!
I am now in Perth, Australia.
I first came to Perth about 20 years ago.
Then Perth was quite backward & rural.
Not anymore now.
I got caught in North Perth's Massive Traffic Jams.
And I SEE an Idea I want to share here.
SEE the widening of Perth's Highway - leading to huge demand for more Highway Guard Rails.
 
Every time a rural road expands from 2 lanes to 4 lanes there is a NEED for 4 NEW SETS of Highway Guard Rails.
I can SEE So FAR From PERTH That With The Ever Increasing Number of Cars, SUVs, JEEPS, Buses, Lorries in Malaysia there will be the continual expansion of Roads into New Highways - Translating Into More Needs of Highway Guard Rails-
 
So HEY PRESTO! Or Rather HEY PRESTAR!
 
YES! PRESTAR CAME TO MIND.
 
Regards,
 
Calvin,
Perth, Australia
 
Author: calvintaneng   |   Latest post: Fri, 8 Mar 2019, 09:25 PM   |  >> Go to Blog Dashboard
  

PRESTAR - THE UNDERVALUE LAGGARD CONSTRUCTION MATERIAL STOCK THAT WILL PERFORM

 

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PRESTAR – THE UNDERVALUE LAGGARD CONSTRUCTION MATERIAL STOCK

 

With the Contraction in China, the Overvaluation of Export Stocks & The Overstretched Consumers  of Malaysia Impacted by 6% GST & High Imported inflation due to weak ringgit there are really few stocks left for the picking in Bursa.
There remains a Class of Underperforming Stocks that might go against the trend – “THE CONSTRUCTION  MATERIAL STOCKS LIKE KPSCB, KIMLUN, CEPCO & PRESTAR”. As KPSCB, KIMLUN & CEPCO Have Already Run Up 20% to 30% In Prices Our Focus Now Turn To  PRESTAR.
 
PRESTAR Or PRE-STAR
“PRE” As in “PREVIOUS” Or “Before”
Or In Other Words “Before IT TURNS INTO A STAR”
SO NOW IS THE TIME TO BUY PRESTAR “BEFORE IT TURNS INTO A STAR PERFORMING STOCK”
 
PRESTAR – THE RISING STAR AMONG CONSTRUCTION MATERIAL STOCKS!
ITS SALIENT FACTORS:
1)  At 50 cents with NTA at Rm1.23 PRESTAR IS SELLING AT A HUGE 60% DISCOUNT TO NTA. It Has A Big Margin of Safety.
2) Foreward P/E is a low 3.66. Beating many Export Furniture and E & E Stocks hands down.
3) Its Debt is Well Cushioned By Its High Tangible Assets Still Not Revalued Yet. Its Properties were purchased long ago in strategic locations. If Company wanted to It Can Revalue All Its Properties Like HapSeng, Seacera & Eg and book them as immense profits.
4) Unlike All Other Steel Companies Impacted by China Steel Dumping PRESTAR Like KPSCB, KIMLUN & CEPCO Are Into Niche Manufacturing of Specialty Construction Materials like High Way Guard Rails and Wheel Barrows. So It has avoided the carnage caused by Cheap China Steel.
5) 10 Highways Including Pasir Gudang Highway, West Coastal Highway, Bandar Penawar – Sungai Ringgit Highway, Pengerang Highway & the 1,600 km Pan Borneo Highway will spur Great Demand for Prestar’s Highway Guardrails.
6) Prestar also stand to reap higher profit due to the collapse of nickel and iron ore prices by 60% to 70% as its Guard Rails use a lot of nickel. This will boost Prestar’s profits further.
7) Prestar also has a factory in Vietnam like Pohuat. With TPP now signed Prestar will do very well as both Vietnam & Malaysia are expected to be top beneficiaries.
8) PRESTAR Also Invest In The Shares of POSCO, In Which the World’s Greatest Investor, Warren Buffet of Berkshire Hathaway,  has a Share also.  Partnership in prosperity!
9) SEEING ITS BRIGHT FUTURE INSIDERS AND DIRECTORS HAVE BOUGHT MILLIONS OF PRESTAR SHARES ON THE QUIET. A Check with these Directors and Insiders Show That They Have Bought PRESTAR Shares As High As Rm1.00 And Now Still Buying Even More at Depressed Prices.
10) A 2 Cents Dividend has been proposed. That means that Prestar is giving a 4% yield. Will there be another double digit dividend like those years when INSIDERS Bought As High As Rm1.00?  It remains to be seen.
PRESTAR IS A STOCK WITH LIMITED DOWNSIDE WHILE ITS UPSIDE IS BRIGHT WITH THE UNFOLDING OF 10MP & 11 MASTER PLAN PROJECTS STILL BEING AWARDED.
 
Calvin has a target price of Rm1.00 (The Price Reached When PM Badawi implemented 9MP).
From 50 cents we expect a modest 100% Upside.
 
CHEERS!
Regards,
Calvin
{This article posted while holidaying in Australia.)
Note: On May 9th, 2007 PRESTAR Declared a 22% Special Dividend which equals to 11 cents. Prestar price crossed Rm1.00 then. Instead of selling Directors & Insiders were buying . As of now PRESTAR is selling at half price & Directors/Insiders are still buying. So will there be ANOTHER SPECIAL DIVIDEND?
 
WAHAHA! 
LATEST UPDATE ON 7TH SEPTEMBER 2016.
PRESTAR TOUCHED 73.5 CTS TODAY! UP 63%
HIP HIP HURRAY!!
NOW FOR MASTEEL'S TURN!
 
AND AFTER POSTING ABOUT PRESTAR I BOUGHT MASTEEL AT 66 SEN & POSTED 
 
See Long Steel is for Structure Strengthening
 
HOW IT WORKS
1) LONG STEEL REBARS ARE NETTED INTO RECTANGULAR SHAPES BY RONDING & ROPING THE WHOLE LENGTH IN PLACE
 
2) NEXT PLYWOOD IS USED TO FORM BOXES ENCASING THEM
 
3) FINALLY CONCRETE AGREEGATE & CEMENT POURED INTO THEM AND HARDENED
 
THEY BECOME PILLARS FOR HIGH RISE BUILDINGS, MRT & LRT PILLARS, SUPPORT FOR ROAD & RAIL BRIDGES, WALL ENBANKMENTS TO PREVENT EROSION OR LAND SLIDES
AND MASTEEL SUPPLIES MORE PURE REBAR AS A PURE LONG STEEL PLAYER
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Author: calvintaneng   |   Latest post: Fri, 8 Mar 2019, 09:25 PM   |  >> Go to Blog Dashboard
  

MASTEEL - THE MASTER OF LONG STEEL PLAYERS FOR HIGHRISE BUILDING & MRT (Calvin Tan)

 

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A

calvintaneng
11428 posts
Dear Friends of i3 Investor Forum,
Annjoo Steel has given a set of exceptional results. By arbitrage Masteel should also be doing well. As such Calvin now advocate accumulating Masteel - the laggard steel stock with the greatest potential for upside.
 
SEE my past posts:
 
 
 
 Posted by calvintaneng > Apr 29, 2015 09:10 PM Report Abuse X
ks55

On this I think I beg to differ. There is a difference between investing with calculated risk and gambling.

The NTA of Masteel is over RM2.40. Its foundries are real unlike Megan Media which are fictitious.

The Directors of Megan Media Sold & Absconded. Masteel Directors chose to exercise 2 million warrants.

The Building Needs of Developing need real steel for many more years to come. Bullet Train to Thailand? East Coast Bullet Train? Future East Malaysia MRT & Bullet Train? All States Future MRT & LRT?

There is no end to Steel Demand.

We Invest with calculated risk. Even if we put money in FD we are also risking it to creeping inflation.

Of course I think not all can or should follow me. Anyway, through the many years I have made lots from Masteel. Buying it with a portion of my profits is a calculated risk. I always invest with a long term view. Whether I will lose all or stand to gain is yet to be seen.

I have always advocated diversification. Buy a basket of prospective stocks.

Say out of 10 one or two might under perform or even delisted but if out of 10 stocks I can get 3 or 4 five to ten baggers why not.

For Masteel I think the positives are far more than the negatives over a longer period.

For short term punting and gambling I cannot tell.

Over a longer term it should rise up out of its present woes with increasingly bright prospects.

tjhldg
27139 posts
 Posted by tjhldg > Apr 29, 2015 09:32 PM Report Abuse 
thanks calvin :) .. wish for good la ... me is buy buy buy la ...wish ada below 0.60 lagi la...hahahahaahah ..si pek song
 
 

calvintaneng
11428 posts
 Posted by calvintaneng > Apr 29, 2015 11:35 PM Report Abuse X
Alex Chan

That is a good question.

Lesson on NTA by Calvin Tan

What is NTA?

NTA Stands for Net Tangible Assets

1) NET tangible assets.

The emphasis is on NET.

To get NET NET you have to get the Sum Total of ALL ASSETS Minus ALL LIABILITIES.

Let's say Mr. Alex own a house worth RM1,000,000. A Merc Benz worth RM250,000 & Other Cash Plus Alll Stuff Worth Another RM250,000

So the Net Assets is RM1.5 millions. Now he has a loan of RM500,000 on the house and also a car loan on the Mercedes for RM100,000

So his Net Net is RM1.5 millions - RM600,000 = RM900,000

That means that Mr. Alex has a Net Net of RM900,000 if the house & car are sold & converted to Cash after paying off all debt.

During the Asian Financial Crisis when house price crashed by 50% & car prices crashed by 70% many are left with Assets below Debt. That means they are under water.

All the Assets if disposed at collapsed value cannot cover debt. That means insolvency & bankruptcy

Question is. Has Masteel any valuable Assets. We will come to that later.

2) net TANGIBLE assets.

The Emphasis here is on the word TANGIBLE. Something you can see with your eyes, touch with your hands. Something visible & Tangible (or touchable). These are REAL STUFF LIKE LANDS, BUILDINGS, MACHINERY OR MOTOR VEHICLES.

3) net tangible ASSETS

Assets are positive. Not liabilities. Assets like Houses & Cars are Real Cash.

Real Cash?

Yes! Cash SOLIDIFICATION.

How?

All of us start in life with a good paying job. Then we buy the first tangible asset like a Perodua Myvi. And after working for some years we buy a house by paying a down payment. (Unless you inherit it)
After a period of many years we finally pay off the loan.

The Cash we used to pay for Car & Housing Loan has NOW TURNED INTO "CASH IN SOLIDIFICATION"

There are convertible to CASH By Selling

The Car is a depreciating asset while the house is an appreciating Asset!

To be continued...
 
 

calvintaneng
11428 posts
 Posted by calvintaneng > Apr 29, 2015 07:45 PM Report Abuse X
Good Evening

It has been 2 days of roller coaster prices for Masteel.

I have been in Masteel on and off for several years already.

These are my personal opinions

Its Salient Factors

1) Masteel is the most profitable Long Steel Players in Malaysia. The other 2 are Southern Steel & Annjoo Steel.

There are 2 Types of Steel Players in Malaysia. Long Steel & Flat Steel

Flat Steel Players are Mycron, Choo Bee & others.

Long Steel is Used In The Manufacture of Beams for MRT Pillars. So The Increase in MRT, LRT, Monorail & High Speed Rail Augur Well for Masteel & Southern Steel. Also the Mushrooming of High Rise Condo & Houses in Iskandar Require Lots of Long Steel. I bought & used long steel bars before in my construction job. They cost between RM2,100 to RM2,200 per ton weight.

Flat Steel, as the name denotes, is used as Refrigerator door, car bonnet, door and booth and all things flat.

2) Steel Companies have high borrowing as a whole. However, Masteel is wise to Give Rights Issue to raise capital. So its gearing is less than all other Steel Players. This is a wise move.

3) As Cost of iron ore has crashed 75% & scrap metal iron also dropped in price Masteel will stand to benefit

4) With the Drop of Ron95 & Diesel Masteel will also save lots of money from transport cost

5) The lower cost of electricity & coal also augur well for Masteel

6) Masteel recently activated a New Steel Mill For Increased Production to meet higher demand from Greater KL Mrt Expansion. This has increased the economy of scale for Masteel. The more you produce the cheaper is your average cost.

7) As Ringgit has crashed against renminbi the incentive to import lower quality cheap steel from China is now neutralized.
Malaysia Steel is of Higher Quality.

8) His Royal Highness The Sultan of Johor has indicated that Forest City of Pendas, Johor will be served by Mono Rail.

This reveals to us that the Masteel-KUB Consortium for Iskandar Rail Net Work might yet proceed some day.

9) The Next Agenda for Malaysia - Spore Win-Win Partnership will be The
HIGH SPEED BULLET TRAIN FROM KL TO SINGAPORE. So Masteel stand to receive increasing orders in coming years.

10) By 21st May 2015 Malaysia Will Announce its Next 5 Year plan for 2016 to 2021. The finality of all finality before Vision 2020 Will Be A WHOPPING RM250 BILLION ALLOTMENT OF MASSIVE PROJECTS. Again Lots of Long Steel will be needed

11) Director has recently exercised 2 million (3/4/2015) Masteel Warrants at the conversion price of 67 cents. They should have 1st Hand Knowledge of the actual status of Masteel Accounts

Let's see. 2 million at 67 cents = RM1.34 Millions.

If Masteel is truly in deep trouble they would not have thrown in TM1.34 millions to convert the warrants. Like many cheating directors (Magan Media for example) they would have dumped all their shares and absconded

So this act indicates hope for the Company.

However, since we still do not have 100% clarity until all is revealed I think you all have to do your own due diligence.

This could be a Great Opportunity to buy in crisis. Or it could also lead to PN17 & prolonged uncertainty.

Please do not blame me if you get into trouble. If you make I won't get a cent. So the decision and responsibility lies with each individual

As for me I have started buying.

Best Regards,

Calvin Tan Research

Now in Booming Iskandar.
 
Latest Up dates: March 9th 2019
 
TO MY GLAD SURPRISE PRESTAR JUMPED UP 200% AND
MASTEEL ALSO UP 200% AT ITS PEAK
 
NOW THAT BOTH PRESTAR; AND ESPECIALLY MASTEEL
HAVE FALLEN SO LOW & WITH NEW IMPETUS  FOR
UPSIDE I AM NOW CALLING FOR A BUY AS ECRL 600
KILOMETER RAIL LINE INFRAR JOB WILL BE A HUGE
BOOSTER AGAIN!!



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