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Hi guys,
The latest Govt move to give 100% duty free for local assembled cars & RPGT tax free till End 2021 will benefit this Flat Steel called Cscsteel the most
And here are the reasons
1) CSCSTEEL SUPPLY COLD ROLL STEEL TO BOTH PROTON & PERODUA TO MAKE CAR ROOFS, BONNETS, DOORS & PANELS.
So the collective increase of Car sale in Malaysia is bound to be good for CSCSTEEL in particular
See how Cold Roll steel sheet being used in Proton Factory

https://www.youtube.com/watch?v=9DzVzp12pbw

SO WITH INCREASE OF CAR SALES MEAN MORE NEED FOR COLD ROLL SHEET FROM CSCSTEEL

2) PROPERTY GAINS TAX REMOVAL TILL END 2021 PLUS FREE STAMP DUTY FOR HOUSE PURCHASE ANOTHER BIG BOOSTER FOR CSCSTEEL
Roof Truss has been replaced from Wood Beams to CSCSteel Trusses as they are termite proroof
Steel Roof Sheets will also be in demand for both Car porch & kitchen extension for some

Multi Roof Truss & Batten - Powin Steel Industries Sdn.

Metal roofing sheet below (example)
Everything To Know Before Purchasing From Metal Roofing Sheets ...
STEEL ROOF TRUSS (as example)

3) AND THE 19 TO 15 YEARS TAX FREE STATUS FOR FOREIGN FDI WHICH INVEST FROM RM300 MILLIONS TO RM500 MILLIONS WILL ACCELERRATE DEMAND FOR CSCSTEEL PRODUCTS LIKE NEVER BEFORE
See some Buildings Which Used Products by CSCSTEEL

JOHOR CIQ KASTAM


IKEA JOHOR BAHRU


CEMENT PLANT


CONNAUGHT POWER PLANT


TABUNG HAJI COMPLEX


WITH 10 TO 15 YEARS TAX FREE FDI WILL POUR INTO MALAYSIA I THE BUILDING OF MANY NEW FACTORIES!

CSCSTEEL ALREADY BLOATED WITH EARNINGS AND NOW FULL OF CASH
With Rm249 Millions in Cash it is about 67.7 sen CASH It has even increased its dividend for this year
See
From 4 sen last year dividend has increased to 6.6 sen (up 65%) this year

At Rm1.01 now the dividend yield is 6.5% (or 3 X bank interest at 2%)
NOW WITH ALL 3 BOOSTING ITS COFFERS : CARS, PROPERTIES, INDUSTRIAL COMPLEXES WE CAN EXPECT EVEN HIGHER DIVIDEND FROM CSCSTEEL IN FUTURE YEARS

PRICE NOW RM1.01
Target price is Rm2.00 (Slightly less than its NTA at Rm2.25)

Best regards
Calvin Tan Research
Singapore

Please buy or sell after doing your own due diligence. In doubt please consult your remisier or fund manager

Note:
Grand Champion Dr Neoh Soon Kean of Dynaquest

is in Top number 6th of Cscsteel with 3.7 Million Cscsteel shares

Please refer to latest Annual Report

Under Top 30 Shareholders of CscSteel

6. Neoh Choo Ee & Company, Sdn. Berhad 3,700,000

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-11-story-h1508727494-CSCSTEEL_5094_The_Flat_Steel_Company_that_will_benefit_most_from_Reduct.jsp


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