浅谈5199 HIBISCUS 大紅花石油 2018财年第四季业绩：

本集团完成收购50％的参与权益
2018年3月31日的2011年北沙巴EOR PSC。自完成日期起
截至2018年6月30日，该分部为收入和收入贡献了1.819亿令吉
原油销售毛利为9,690万令吉。从这一部分
在我们的业务中，我们以两种货物的价格出售了623,544桶原油
平均实现价格为每桶73.26美元（“bbl”）。第一批货是
2018年4月出售，2018年6月出售第二个。平均运营成本
该分部的（“OPEX”）为每桶8.15美元

 NS Q4每桶平均运营成本为8.15USD,Q4生产了623544桶原油，2018财年共生产1785070桶原油.

Anasuria cluster Q4 无生产油,2018财年共生产791823桶原油.
公司总共生产数量为2576893桶原油.

Hibiscus Q4 profit 98m,eps=6.2sen,2018年6月止的财政年共赚2.037亿，营业额为3.94亿，赚副高达51.65% 。
next year 2019 4 Q rolling=24.8sen,pe=10 ,stock price=RM2.48
隆股最便宜的上游油气生产股。

连续两个季度净利润增加,己符合官前辈的黄金选股原则.

公司现金达RM1.35亿 ,库存价值达5791万 ,NTA为RM0.63

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=89262&name=EA_GA_ATTACHMENTS


a)Q4乍看下公司接下來净利大副提升確定，
将吸引新的長线投资者进入。 
不用怀疑，走势向北也 

b)在基本面与趋势面转强大后，2018年，2019年仍然是时势股，强力買入与守住是良策。

c)大红花北沙巴油田的贮藏油50%权益约7000万桶，77美元计，
用净利7.7美元/桶，市值马币22亿，保守每股价值rm 1.40 ，加上英国北海油气价值马币16.5亿(每股价值RM1)，估计每股价值达RM2.40，尚不包括澳洲油田項目的估计。

d)注：根据2015年时的估算, 沙巴北部的2P石油储备资源还蕴藏大约6,200万桶石油, 
2C应急石油储备资源也蕴藏著大约7,900万桶石油.
Hibiscus 5199 沙巴北部的合约，这无疑会是一个转变，




因为PSC项目将为公司带来长期生产权，直到2040年。
公司可开采年达：anasuria 20年，
NS 22年。内在价值好。

个人分享，買卖自负。

https://klse.i3investor.com/m/blog/general/172112.jsp

Hibiscus Petroleum Berhad - Towards An Exciting Year



Author: PublicInvest   |    Publish date: Thu, 30 Aug 2018, 10:08 AM 

Hibiscus Petroleum’s (Hibiscus) reported headline profit of RM203.7m (+92% YoY) largely driven by a negative goodwill amounting to RM206.3m. Excluding this coupled with other exceptional items, FY18 core net profit jumped by 192.8% YoY to RM65.2m on the back of a 50.9% increase in revenue. The results were below our and consensus expectations making up only 48.3% and 91.6% respectively. The variation on our part was due to our expectation of two lifting in June 2018 from Anasuria field. For the first three quarters in FY18, performance was solely contributed by its Anasuria asset while the 4QFY18 was mainly aided by the North Sabah field upon completion of its acquisition on 31st March. There were no offtakes during the quarter from Anasuria as it was postponed to 2nd July 2018 due to operational efficiencies and safety concerns. FY19 will undoubtedly be a more exciting year as there will be full contribution from the North Sabah asset and higher levels of production from both assets at a combined value of about 9,500bbls/day, coupled with the steady-state in crude oil prices at USD60-70/bbl. Our Outperform rating on the stock is reaffirmed with a higher DCF derived TP of RM1.73 (RM1.08 previously), largely on account of higher crude oil prices assumed (USD60/bbl vs USD50/bbl) and changes in production and reserves assumptions.

North Sabah kicked-in... Upon completion of the 50% stake acquisition in March this year, this asset has contributed RM181.9m to revenue and RM96.9m to the Group’s gross profit from the sale of crude oil. The Group sold 623,544 bbls in 2 cargoes at an average price of USD73.26/bbl. Average production rate has increased slightly by 4% while the uptime is consistent at above 90% level. OPEX for the quarter reduced 37% to USD8.15/bbl, it is expected to increase however, in line with higher maintenance activities.




…while Anasuria was on hold, albeit temporarily. There were no offtakes during the quarter as it was deferred to 2nd July 2018 due to operational efficiencies and safety concerns. However, we have been told that the Group has successfully completed two crude oil offtakes within these two months, equivalent to 524,432 bbls from this field. This will only be reflected in 1QFY19 numbers. For full-year FY18, there were 3 offtakes, equivalent to 791,822 bbls of crude which was sold at an average price of USD60.11/bbl. Average uptime was 76% due to a planned shutdown in Sept to Oct last year and a temporary malfunction of the Cook-P1 subsea production choke as well as the gas compression facility.

#HIBISCS

Hibiscus - Oil producer
https://klse.i3investor.com/m/blog/teoct_blog/166815.jsp

Hibiscus - oil producer II
https://klse.i3investor.com/m/blog/teoct_blog/172224.jsp

HIBISCUS PETROLEUM BHD，北沙巴生产运营的整合和优化，在Guillemot A，Teal和Teal South油田钻探的机会，地下评估工作正在进行中，平均正常运行时间和平均日产油率继续提高 
https://klse.i3investor.com/m/blog/general/172112.jsp

Hibiscus Petroleum Berhad - Towards An Exciting Year
https://klse.i3investor.com/m/blog/PublicInvest/171937.jsp

公司到底做什么系列
https://klse.i3investor.com/m/blog/invesider.blogspot.my/162230.jsp

何为 上游·中游·下游？
https://klse.i3investor.com/m/blog/invesider.blogspot.my/133786.jsp

5199 hibiscus 大红花石油投资。

大红花英国油田储存量值16.5亿

Sinchew Sat, Aug 25, 2018 - 2 days ago

（吉隆坡24日讯）大红花石油（HIBISCS,5199,主板工业产品组）英国南海Anasuria Cluster油田的油和天然气储存量，截至今年7月1日分别达2440万桶油（mmbls）和175亿立方尺，估值高达4亿零100万美元（约16亿4800万令吉）。

这项最新储存评估比较2016年3月1日的报告增加了20.8%。

大红花石油发文告表示，自收购A n a s u r i aCluster以来，该油田已经生产250桶油。

Hibiscus’ Anasuria Cluster has 24.4 mmbbls of oil reserves, 17.5 bscf of gas

TheEdge Fri, Aug 24, 2018 - 3 days ago

KUALA LUMPUR: An independent evaluation of Hibiscus Petroleum Bhd’s 50%-owned Anasuria Cluster off the North Sea in the UK has revealed an estimated 24.4 million barrels of oil reserves (mmbbls) and 17.5 billion standard cubic feet (bscf) of gas reserves.

In a bourse filing, Hibiscus said the evaluation was done by Leap Energy Partners Sdn Bhd, which was appointed by Hibiscus’ wholly-owned subsidiary Anasuria Hibiscus UK Ltd (Ahuk) on May 28 this year.

It said the result was based on July 1, the effective date.

Ahuk holds a 50% interest in the Anasuria Cluster, which is made up of Teal, Teal South and Guillemot fields, and a 19.3% interest in the Cook field.

Hibiscus Petroleum had previously disclosed 2P reserves of oil and gas net to Ahuk as of March 1, 2016 of 20.3 mmbbl and 14.2 bscf respectively, based on a reserves report issued in June 2016 prepared by RPS Energy Consultants Ltd.

Leap Energy’s economic valuation was based on net present value with a discount rate of 10%, a zero inflation rate (no yearly adjustment to capital expenditure and operational expenditure) for the projected cash flow of the Anasuria Cluster and other assumptions.

Leap Energy is an independent consultancy specialising in petroleum reservoir assessment and asset evaluation. The evaluation was supervised by its managing director Laurent Alessio.

Hibiscus rose to a six-month high to close four sen or 4.08% higher at RM1.02 yesterday, with a market capitalisation of RM1.62 billion

上图取自invesider:

a)简单计算，公司英国油田市值16.5亿马币，16.5亿/15.8亿股数=每股RM1.04 ,尚不包括马来西亚北沙巴油田资产与澳洲拥有的资产，保守估计此股价值RM1.50以上 ，目前公司产量大约为8500桶/天。
b)大红花石油是油气业的上游公司，该公司直接拥有2座油田，一座是英国北海油田，沙巴油田是去年从沙巴蚬売手中买下。
大红花石油拥有两座油田的50%股权，国际石油价格目前站在每桶70美元以上，大红花石油未来数个季度的盈利预料将保持强劲势头。

个人分享，買卖自负。

c)1:现(28-08-2018)brent为77 usd 计： 
8500x360x7.7x4.10=马币96.6m 
96.6m (净利) ÷ 1.58b(股数)=6.1sen(eps) 
取Pe=20 ,股价=RM1.22 
以上取油价的10%赚副计，某投行取赚副25%计。
2:如取20%赚副计，其股价=RM2.44
注：以上是目前油价计，未來产量提高与油价上升其净利可提高。 
d)hibiscus的内在价值是油田的存量与开采期，可稳定贡献未来收益。很好的一支股，无任何负债。
注：根据2015年时的估算, 沙巴北部的2P石油储备资源还蕴藏大约6,200万桶石油, 
2C应急石油储备资源也蕴藏著大约7,900万桶石油.

Hibiscus 5199 沙巴北部的合约，这无疑会是一个转变，

因为PSC项目将为公司带来长期生产权，直到2040年。
公司可开采年达：anasuria 20年，
NS 22年。内在价值好。

只是参考。

4235 lionind 金獅持续上升.

a)

b)投资得道！
😍👍4235强势也！
势如破竹，现在1.24为支持价，1.29为阻力。中期阻力为1.40 ,1.50，1.67
 之后无限想像的前路。
前方没有阻力有望走至月底公布业积。个人看法而已。
所有的点评好与坏都会成为过去，金獅现是集長，扁鋼业务于一身的本土公司，公司股价良好便於集资，清还借债，美好股价想信继续支持，好消息是中资410亿的汽车厂，对扁钢须求将大增，未来净利可以增加，金獅所有利好己呈现台面，下來只是季度佳积就創造新高了，買股看公司未来净利可以到那里，股价只是先表现，官佬是著名三个公司的创立者，影响力大，亿万富翁有源源不绝的资金支持股价向北，想信这次是來真的了，RM2敢敢等。个人看法，无須想信。
技术分析正面:
RSI(14)为70,9
http://www.sunsirs.com/uk/prodetail-927.html
螺纹鋼4375RMB/噸，大马長鋼产品在进囗征18%保护稅下，外面进口货早己无利可图，
经之前的回调，现買入長,扁鋼股是良机。
个人看法，官佬的作风是，公司净利除非二个季度下滑他才会出货，只要净利维持上升他会持有並買入，lionind在收下扁鋼业务后未来净利大可说是向上的，因此可持有先。
lionind 4235 :
别担心自乱陣脚，这股才要开始又一波的势头，鋼价2.3年是稳定的，支持面好。2元仍然进行中。 
http://www.sunsirs.com/uk/prodetail-927.html 
现货4367rmb
http://gu.sina.cn/ft/hq/nf.php?symbol=RB0 
期货也回升了 4347rmb
c)浅谈4235 金狮工业 lionind Q3 2017 的业积:
A)公司于31-3-2017 的库存有4.69亿零吉,与31-12-2016 上一季增加了8千万.
應收款为4.61亿,与31-12-2016 上一季增加了2千万.
長短期借贷为2.4亿,与31-12-2016 上一季減少了1千7万.
现金有3.3亿,净现金8925万.
累计净利有4.37亿,与31-12-2016 上一季增加了4千9百万,
nta=rm2.51,与31-12-2016 上一季增加了9仙,
公司Q3 2017的赚副为6.45%,31-12-2016 上一季Q2 的赚副为8.6%,
B)lionind Q3 2017 赚4876万,EPS=7.16 SEN,三个季度累计EPS=14.64SEN,
估计全年EPS=20 SEN 可达标.PE=10,股价=RM2
投资路上选择对就简单了，坐享其成。 我相信是的,金狮工业仍然在物有所值内交易,
如2017财年eps=20sen,
现lionind rm1.20只在6倍的本益比(pe)交易,明显被低估了.
C)几年前金狮机构以每股1.4元賣回予钟老,心中有个底价了吧,今时钢价高漲已达净收区间,因此绝对高过这个价.
D)趁低吸购。这行业的股沒这么快走完，算到中途而己。
前方更美的景色还没抵达，耐心確保更好的丰收.
E)钢材保护税3年，直到2020年4月13日。第一年为13.42%，第二年降低至12.27%，
第三年则减少至11.1%
只供参考,进出自负.
d)Posted by Ramada > Aug 20, 2018 07:44 AM | Report Abuse  

Automotive industry needs a lot of steel, especially cold rolled coil. Megasteel can produce 3.2 million tonnes HRC and 700,000 tonnes CRC a year.  

In fact, Megasteel can produce up to 1.45 million tonnes of CRC per year if it runs at full capacity vs CSC Steel’s 620,000 tonnes and Mycron’s 260,000 tonnes.  
 Market capital of Lionind is about RM850 million. They will acquire Megasteel asset for RM537 million. Currently Lionind’s net tangible assets as high as RM2.69, after it added Megasteel asset to the group, its net tangible assets should be increased sufficiently. I guess mininum RM3.50.

Lionind current share price is RM1.20. You think it’s overvalued or undervalued, all is up to you.

e)与KYY共午吧，股市是讲资金进出决定股价上下的地方！已公开持有了接下来看官佬表现了！
个人分享,買卖自负.

注:以下转自KYY前辈的原贴:谢谢他的功课！
为何狮子产业股价持续走高？ Koon Yew Yin 作者：Koon Yew Yin发布日期：星期五，2018年8月17日，09：03 AM   我在土木工程课程中学习的课程之一是冶金学，即制造金属的研究，包括铁，钢，铜和其他金属。 中国已经生产了世界钢铁总产量的50％以上，中国是最大的钢铁出口国。 中国从澳大利亚购买铁矿石，从印尼购买煤炭。通过燃烧煤可以将铁矿石变成铁。通过添加碳，铁可以变成钢。在铁中加入碳，使钢更坚固，更坚韧，达到一定程度。然后它会变得更强，但不那么坚韧，就像铸铁一样坚硬而脆。这意味着如果弯曲它会破裂。碳通过扭曲其晶格来强化铁。 你可以通过回火使钢更坚固。如果你将一块钢加热并将其深入水中，它就会变得更坚固。如果你将一块钢加热并将其深入油中，它会变得更坚固，更坚韧。 在燃烧煤的过程中，大量产生大量二氧化碳和其他杂质。结果，北京，上海和其他城市的天空总是黑暗，空气总是被污染。 由于几乎所有的钢铁厂都是国有的，政府已经终止了大部分钢铁厂。 目前，中国使用废铁和进口铁长棍面包制造自用钢。中国不再出口钢铁。 马来西亚过去从中国进口钢材并保护当地钢铁制造商，政府征收进口关税。 这就是为什么Lion Industry在过去几个季度一直在增加利润的原因。其第一季度EPS 4.08仙，第二季度EPS 8.20仙和第三季结束2018年3月EPS 8.91仙。 3个季度的总EPS为21.19仙。假设其4小时Q与其第3个Q相同，则全年的总EPS将约为30仙。 基于1.25的最后交易股价，其市盈率约为4.应该被认为非常便宜，特别是它具有非常好的利润增长前景，这是遵循我的选择黄金法则。我预计它的第四个Q将比第三个Q好。 上图显示价格从63仙上涨至1.23瑞士法郎，上涨60仙，在不到2个月内上涨近100％。 我的很多朋友都问过我们是卖还是继续购买。 我的销售规则是，一旦我看到公司的利润减少，我就会开始出售。这就是如何最大化利润。 我的很多朋友也问我，如果他们早些时候卖掉，他们是否应该以更高的价格回购。当然，许多股东会出售太早而后悔。一些聪明的人敢于承认他们的错误并以更高的价格回购。鉴于其良好的利润增长，如果您已经售出，您应该回购。 我的很多朋友都问他们是否有更多的购买设施，他们是否冒风险购买更多。 这个问题对我来说有点棘手。这真的取决于你的风险偏好。你能负担得起一些钱吗？或者你是否愿意冒险赚取更少的钱，以防价格下跌而不是走高。 我有义务告诉您狮子产业是我的主要投资之一。我发布这是为了分享我的知识，我不鼓励读者购买或出售这个柜台。

f)Lion Industry: How to Recognise a Growth Stock Early? Koon Yew Yin

Author: Koon Yew Yin   |    Publish date: Sat, 18 Aug 2018, 10:29 AM 

---

Although the title of this article reflects my egotistic manner and people do not like egoistic people, but it is ego that drives me to think and harder to make so many achievements. I was a co-founder of the 3 of the larger construction and property companies in Malaysia namely Mudajaya, Gamuda and IJM Corporation Bhd.
I am nearly 86 years old and I like to spread my accumulated knowledge to people, mush like a priest preaching the gospel. My intention is honourable.
My track record:  
I am only a business man. As I am not an accountant, I can hardly understand a company’s balance sheet. I am also not a chartist. But then how could I buy so much of Latitude Tree, V S Industry and Lii Hen?

The above chart shows that Latitude went up from Rm 1.00 to Rm 8.00, an increase of 800 % within 2.5 years. Its 2015 annual report showed that I was the 4^th largest shareholder holding 6.32 million shares.

The above chart shows VS Industry went up from 30 sen in June 2014 to Rm 1.70 in Dec 2016, an increase of 550 % within 18 months. Its 2015 annual report showed that I was the 2^nd largest shareholder, holding 102 million shares.

The above chart shows that Lii Hen went up from 40 sen in mid 2013 to Rm 3.00 in Oct 2015, an increase of 750% within 2,5 years. Its 2015 annual report showed that I was the 2^nd largest shareholder, holding 19.80 million shares.
My share selection golden rule:
As soon as I see any company with a good business reported 2 consecutive increasing quarterly profit and it is selling at P/E below 10, I will start to buy it. If it reports another quarter with increased profit, I will buy more aggressively.
For example, I started buying Lion Industry as soon as I saw 2 consecutive quarters with increased profit. That means I started buying when it was selling at about 70 sen per share.
Based on my buying method, I would be buying earlier than professional chartists who would only start to buy when the price passes its 70-day moving average, that is Rm 1.20 per share as shown by the price chart below, produced by the famous Mr Ooi Teik Bee.

With due respect, like all professional Mr Ooi’s method is very safe to make money.
When do I start to sell Lion Industry share?
Many day traders would sell as soon as they can make 30% profit. Assuming the bought it at 70 sen, they would start selling at about 90 sen. Statistics shows that day traders do not make much money because they sold too early and would not admit their mistake to buy back the share at higher prices. Most of them would like to boast to their friends that they have made 30% profit within 2 months of buying Lion Industry shares.
As long as Lion Industry continues to report increasing profit, I will not sell. In fact, I will buy more shares with margin loan.
I expect it will report increased profit before end of this month.
I will only start to sell when it starts to show reduced profit.

3)Steel mill spreads in China, US hit records in May

in Commodity News 13/06/2018

Global indicators of operating margins at steel mills remain buoyant as viewed in China, Asia and US markets, with steel product pricing outpacing iron ore, ferrous scrap and met coal costs.

S&P Global Platts news feature: Canada, EU, Mexico to be subject to US metals tariffs

Steel to raw materials spreads in China and the US continued to rise in May, after increases over the past three months. New record highs were seen, as spreads surpassed a peak last year in indicative margins.

With new records set monthly, and driven by steel prices rather than any big changes in steel raw materials costs, indicative margins may be approaching their limit.

A survey by S&P Global Platts showed Chinese steel market sentiment weakened further in June. In China, market participants are reported to be extremely uncertain about steel price direction.

Higher steel prices and margins may support raw materials prices, adding to margins for miners, scrap recyclers, and steel producers with higher costs for end-users in the auto, energy and infrastructure sectors.

High quality iron ore premiums and premium coking coal prices have ticked up, on a drive for higher steel mill utilization and efficiency, aiding pollution cuts.

Steel mill spreads are widest in segments such as HRC steel in China, based on export prices, and scrap-based EAF mill flat steel products in the US.

Underlying iron ore costs and coking coal import costs were little changed in May, compared with April.

Iron ore import prices into China settled at $65.95/dry mt CFR China in May, from $65.27/dmt in April, and were off compared to February’s 11-month high of $77.46/dmt CFR China.

With stable coking coal import prices last month, raw material costs for reference iron ore and premium coking coal imported into China in May were marginally higher than in April, and 11.4% higher than a year earlier. This is based on spot prices and quantities used per metric ton of hot metal.

CHINA HIGH

Chinese mill spreads between HRC steel export prices and imports of iron ore with coking coal in May moved up to $365.28/mt, up 2.2% on April. As of Tuesday, the spread was at $363.88/mt FOB, with levels coming off a peak at $371.80/mt on May 28.

The ASEAN HRC spread rose to $386.72/mt in May, based on TSI delivered HRC CFR ASEAN port, up 1.5% on April.

US scrap-based mill spreads rose in May, with steel prices supported by import tariffs. Steel pricing outpaced increases for benchmark Midwest shredded scrap prices.

The US HRC and shredded scrap spread hit $553.33/st ex-works Midwest average over May, up 2.1% on April, and compared with Q1’s $436/st average.

The S&P Global Platts China rebar export price-based spread climbed to $329.04/mt in May, up 4.6% from April.
Source: Platts

🙏

Ssteel 5665南鋼趁低投资。

（吉隆坡16日讯）产品销量增加，带动南达钢铁（SSTEEL，5665 ，主板工业产品股）截至3月31日第三季净利按年增长63.99%，且派发每股3.5仙中期单层股息。
该公司第三季净赚5226万7000令吉或每股12.07仙，上财年同季为3187万2000令吉或7.54仙。



同时，营业额从6亿6591万令吉，按年上升43.17%，达9亿5337万令吉。
合计首9个月，净利按年激增1倍，达1亿7564万令吉或每股40.67仙。
营业额则上涨41.67%，达28亿956万令吉。
南达钢铁指出，虽然需求将在末季受到佳节而疲弱，但董事部预计，集团将会在本财年交出令人满意的业绩表现。

逆风围绕．钢铁领域复苏缓慢

Sinchew Tue, Aug 14, 2018 - 1 day ago

（图：法新社）

（吉隆坡13日讯）大马钢铁领域正迎来更多逆风吹袭，分析员预期该领域复苏将比预期缓慢。

MIDF研究表示，我国钢铁领域预期将受到来自贸易战的更多逆风。目前，市场已经消化贸易战争的风险，例如本地钢铁商出口到美国和欧洲的产品将被征收关税。

另一方面，中国建筑领域下滑，导致对钢铁需求不稳定。中国制造领域对钢铁的需求达3亿6000万公吨，占其60%全年消耗量，但因中国的环境健康和职业安全政策，该需求预计会进一步萎缩。

MIDF研究表示，在贸易战及美国和欧盟征收关税的消息大量涌入后，安裕资源（ANNJOO,6556,主板工业产品组）、利实镀钢（LYSAGHT,9199,主板工业产品组）、南达钢铁（SSTEEL，5665，主板工业产品组）、CSC钢铁（CSCSTEL,5094,主板工业产品组）、麦克伦钢铁（MYCRON，5087，主板工业产品组）和聚美钢铁厂（CHOOBEE,5797,主板工业产品组）均受到负面影响。

该行估计，这股趋势将持续，在2018财政年全球钢铁需求预计增长1.8%至16亿1610万公吨，而2019财政年因低需求而增长至16亿2670万公吨，按年仅增0.7%。这显示我国钢铁厂出口需求降低，但大部份国内钢铁公司受日常开销成本和运营支出的影响，使该领域缺乏吸引力。

该行指出，政府重新推出销售税（SST）将给予建筑及钢铁领域一些喘息的空间。政府已宣布建筑材料及建筑建设不征销售税，建筑领域因此将暂时摆脱目前受项目削减的冲击。钢铁和建筑领域是相互联系，因为钢铁业严重依赖建筑项目展开时的建筑材料需求。销售税将可让钢铁领域无任何额外成本，继续维持钢铁供应给建筑领域。

MIDF表示，目前钢铁厂的产能仍维持在70%以上。全球贸易政策的变动下，全球需求放缓和本地钢铁厂成本结构，将继续令钢铁公司的需求受抑制。该行预计钢铁领域2018-2019财政年将受负面影响。

@只是分享，投资自负。

投资正道。(南钢5665) http://www.sunsirs.com/uk/prodetail-927.html
螺纹鋼4375RMB/噸，大马長鋼产品在进囗征18%保护稅下，外面进口货早己无利可图，经之前的回调，现買入長鋼股是良机。
，ssteel買入于净利爆升前.
网友分享，参考一下。
1)windcloud :
Next week Ssteel will announce its last qtr result (ignore its court case with assumption this has been fully provision in accounts)

1) Compared to same qtr corresponding year, we notice that average selling price has picked up from 2nd half year 2017 until now, and although compared to previous qtr, there is single digit % dropped in revenue, but compared to same qtr previous FY, the average selling price is still better to cover the COGS, estimate revenue will be 840,000-880,000 in between.

2) Graphite electrode, the cost of this item is being diminished from its high, there should be some reduction on this purchase cost.

3) Bottomline, using 850,000 x 5% = 42,500 (M) AGAK AGAK for this qtr (assume no PPE written down). So total 4 qtr profit will be 218,000 (M). So annual EPS will be 218,000 / 433,642 = 0.50. Using PE 6, so the TP will be 3.00.

Now the price is 1.86, potential upward is about 61%. Besides, the steel price is still climbing upward coupled with the continuation of infra and mega building projects and exemption of SST on steel products, what you need to wait for ? Tomorrow first thing is to buy Ssteel.

You may miss the ride on Lionind, but don't forget there is another diamond for you to collect, there is Ssteel. Forget about Graphite Electrode cost, since average selling price is climbing up whereby graphite electrode cost is stepping down.

Remember ……. BUY SSTEEL BEFORE RESULT OUT
2)ooi t b:
Please note that Ssteel had been making profit year after year after 2010 except 2015 and 2016.
The losses in 2015 and 2016 were due to China dumping of steel bars below cost in Malaysia.
China government is cutting down the output of steel bar produced to protect the blue sky.
There is a shortage of steel bars in China now, there is no more dumping of cheap steel bars to Malaysia.
There is an import tariff of 18% imposed by Malaysian government to protect local steel bar producers.
The worst is over for Ssteel.

The current weakness on the share price of Ssteel is due to fear factor, there is no change in term of business fundamental.