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The Malaysian steel sector is a tough industry as per the analysis in https://www.i4value.asia/2021/10/a-tough-12-years-for-bursa-malaysia.html#more. Over the past 14 years, the mean ROE for the Bursa steel companies averaged negative 1%. In contrast, MASTEEL average ROE for the same period was a positive 2%. If you are fundamental investor, you should dig deeper into this company to look for investment opportunities.
There are 2 ways to make money from the stock market - look at business performance (fundamental investor) or look at what the crowd is doing (technical analysis). My analysis is for the fundamental investor.
I have not done any research into MASTEEL so I do not want to provide any comments from a fundamental perspective. But I have done quite a lot of fundamental analysis on CSC Steel and you can visit this thread if you want to know more about it. https://www.i4value.asia/2020/09/is-csc-steel-value-trap-part-1-of-2.html#more
For many punters, when the price goes up you will look for going up reasons. Then when it goes down, you look for going down reasons. The reality is that the reasons for both are there every day. But you are just picking them to suit the price direction. I am not sure how this helps you