Fork's comment on CSCSTEL. All Comments

Fork
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- the government will publish Iron and steel industry whitepaper soon!!
- few local steel companies has requested the gov to impose duties on imported steel to allow more competitive pricing for local player such as CSC Steel
- this will help CSC to improve its pricing moving forward ...
- In FY2019, the total revenue recorded is lesser thn FY2018. However if you read carefully, FY2019 total sales volume actually INCREASED by +6.8% ..this mean their business is improving

Reference:
https://www.theedgemarkets.com/article/white-paper-iron-and-steel-sector-be-ready-yearend-says-azmin
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Fork
Q3 highlight
- Better performance due to rebound in sales volume, improved margin, and productivity
- domestic steel market in Q4 will remain at the same pace as Q3 mainly attributed to the steady growth of the construction and manufacturing sector.
- CSC to continue focus on cost reduction programs and product quality upgrade
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1 Like · 4 months · translate
Real Bursa Hunter
possible breakout and new high next week.
2 Like · 4 months · translate