KLSE: CSCSTEL (5094)       CSC STEEL HOLDINGS BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.14   +0.01 (0.88%)  1.12 - 1.15  44,100
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Market Cap: 433 Million
NOSH: 380 Million
Avg Volume (4 weeks):60,080
4 Weeks Range:1.12 - 1.18
4 Weeks Price Volatility (%):
52 Weeks Range:1.06 - 1.79
52 Weeks Price Volatility (%):
Average Price Target: 1.09
Price Target Upside/Downside: -0.05
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  17-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  27-May-2023
T4Q P/E | EY: 29.69  |  3.37%
T4Q DY | Payout %: 2.56%  |  75.93%
T4Q NAPS | P/NAPS: 2.2644  |  0.50
T4Q NP Margin | ROE: 0.86%  |  1.70%


Date Subject
22-Nov-2022 MQ Market Updates - 22 November 2022
17-Nov-2022 Steel stocks comparison update - Koon Yew Yin
08-Nov-2022 Steel stocks comparison update - Koon Yew Yin
28-Oct-2022 Steel stocks comparison - Koon Yew Yin
30-Sep-2022 Daily technical highlights – (CSCSTEL, INARI)
21-Jul-2022 中钢大马挑战RM1.26/敏源
05-May-2022 Daily technical highlights – (CSCSTEL, WELLCAL)
29-Apr-2022 Trading Stocks - CSC Steel Holdings Malaysia

Business Background

CSC Steel Holdings Bhd is an investment holding company which is engaged in the provision of management services to its subsidiaries. Its business segments include Cold rolled and coated steel products, Investment holding and Others. The company is engaged in manufacturing and marketing of steel products, production of bio-coal and investment holding in real property. Its products include hot rolled pickled and oiled steel, cold rolled steel, hot-dipped galvanized steel and pre-painted galvanized steel. The company's product brands include Realzinc, Realzinc Enhance, and Realcolor. Most of its revenue comes from Malaysia.
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  9 people like this.
williamh Good
23/02/2022 4:33 PM
alexnada actually the russia ukraine issue is affecting the commodity related stocks...
rumours of war and war itself will push up commodities' prices, starting with crude oil.
when crude oil increase, the rest of the commodities will increase.
23/02/2022 4:46 PM
Johnzhang Palm oil is one of the biggest beneficiary. Don’t ignore it.
23/02/2022 5:01 PM
alexnada Yes. The palm oil price is crazy... new high on daily basis.
23/02/2022 6:15 PM
Limcken Sometime we better buy some steel stock can declare dividends , 14cents! Increasing profit.. Almost 8% interest, why buy ays? Kyy won't push up the price let u sell.. Common sense
25/02/2022 11:05 AM
Cockroach Paul Lee I have palm oil stocks and this csc steel… all good dividends
28/02/2022 11:28 PM
Derrick Gan Break last year's 1.63 . High possible breakout and toward 1.75.
01/03/2022 5:19 PM
Cockroach Paul Lee This is a sure win stock? buy every time price lower and hold.
01/03/2022 11:49 PM
Bolo88 2.0 soon
02/03/2022 12:53 AM
wallstreetrookie Haha told you all already. The company only cares about funnelling profits back to Taiwan. Using Malaysian investor's money as their own pocket money. You think the Taiwanese care about Malaysians? Think again
07/03/2022 4:36 PM
wallstreetrookie Easiest short ever
07/03/2022 4:36 PM
EatCoconutCanWin Steel shortage due to war. A lot machine n building destroy n need to build up. Buy call
09/03/2022 7:51 AM
eklim65 https://tradingeconomics.com/commodity/steel
21/03/2022 3:24 PM
Thirai Thiraviam With TTM earnings at 23 cents, at PER of 10, this counter should be selling well above RM2. Any idea what is holding the share price back? The price of steel remains elevated since last year.
22/03/2022 11:01 AM
Limcken Sometimes we should not be influenced by the so-called blog here when we judge a stock. It's very simple, if he was so good, he didn't need to write so much to buy stocks and make money. Retail investors are the saddest, because every time they help people raise the stock price to make these blogs profitable. csc steel is very generous to dividend investors, you should be hard-pressed to find one that gives you $140 at $1.60. Plus steel demand will be a lot. Business will grow in the next quarter. Besides this stock, where else can you buy similar companies?
24/03/2022 11:22 AM
Heroes9 Congratulations those who buying csc steel .
19/04/2022 9:41 AM
wallstreetrookie Only up 25%. Who are you trying to congratulate?
19/04/2022 10:02 AM
wallstreetrookie A lot of people bought steel stocks in early 2021. The macro theme for steel has been going on for a long time. Dividend play is a useless short term strategy
19/04/2022 10:08 AM
Heroes9 Because they are impatient, you won't buy it any cheaper! Because it is still very cheap. Some people will say it's not good until $2, because they can't buy the price of 1.72. Interest will be announced in a short period of time, so far about 7% interest rate compared to fixed deposits, just wait three months.
19/04/2022 11:38 AM
stockraider Very strong sustainable div loh!
19/04/2022 1:34 PM
LubeTrader A display of true contrarian. Still fashionable being one?
20/04/2022 11:30 AM
Diamond7 Hopefully announced exdate for dividend this Friday

Good dividend yield!
21/04/2022 6:45 AM
Diamond7 Coming quarterly report will be excellent!
Hope they give us bonus as well....to reflect the fundamentals
21/04/2022 6:46 AM
Diamond7 Strong
Very strong

After announcement f exdate for dividend will be like a strong magnet attracting lots of buyers!!!

Hurry buy if it can touch 1.75
21/04/2022 4:37 PM
Trading_Account89 Estimated FY 22 Revenue of around RM2.3 Billion, EPS of 35 sen (dividend of at least 17.5 sen)if profit margin 5.8%, EPS of 62 sen (dividend of at least 30 sen) if profit margin 10%. Target price RM3.50 or best RM7.00 if lucky
02/05/2022 9:48 PM
stockraider Very good div yield above 8% pa loh!

Steel price....can sustained bcos of Russia v Ukraine war loh!
03/05/2022 12:09 PM
Heroes9 It doesn't seem to be cheaper to buy.
06/05/2022 4:04 PM
CHIN1121 Today shares price drop sharply. Anyone know why?
10/05/2022 6:52 PM
Heroes9 I think this stock price correction is a good opportunity for friends who used to want to buy shares of this company. The generous dividend does undervalue this stock. I believe the next quarter will be good with a possible special dividend
11/05/2022 11:36 AM
tts752 why dropped so much today, instead of dividend
23/06/2022 10:23 AM
Tokay111 Dividend ex date sure drop, good to buy long term and wait for next dividend
23/06/2022 10:33 AM
tts752 ex date should only drop 0.14, but now is in additional of 0.14, dropped another 0.1...too much
23/06/2022 10:50 AM
Tesla123 Steel price dropped like palm oil, all steel company profit will be hit hard in 2H, better avoid steel sector
24/06/2022 6:36 AM
VTrade Palm oil drop like steel stock
If recover, both will up or…
Energy first?
24/06/2022 6:52 AM
Tesla123 No chance to recover in short term, stock price in down trend
24/06/2022 12:21 PM
yfchong lets's see another 6 months
26/06/2022 10:21 PM
LeoLionLin palm oil first need to solve labour shortage issues
12/07/2022 11:50 AM
Zackmeiser Downtrending. Time to accumulate slowly
18/07/2022 5:02 PM
dompeilee Dividend only 14c...but price corrected 45c lol
18/07/2022 6:12 PM
C 88 https://investjourney88.blogspot.com/2022/07/cscstel-5094-and-flat-steel-company.html
23/07/2022 12:54 PM
LeoLionLin Still doing good..... Wait...
27/07/2022 3:46 AM
enlistcapital One Up on Malaysia’s Steel Industry

While there are many well-intentioned contents published on stock forums, some of them are simply based on writers' opinion and understanding may end up become inaccurate or mispresented, so to speak.

That being said, I do not wish to point fingers or lay blames to any parties, and I hope whatever I shared in this article could brighten up our reader’s mind.

To begin with, there are generally two types of steel industries player in Malaysia, namely the manufacturers and/or value add companies, and those who involved mainly in the trading and wholesaling business.

As for the value chain, the photo taken from Bulatlat had presented well on how it works.

06/08/2022 5:11 PM
enlistcapital Generally, Malaysia did not involve much in the iron ore mining industry, as our country’s mineral mining sector recorded a gross output value of MYR3.5 billion, out of which RM1.7 billion is attributable to bauxite and ilmenite mining (2016, Mining and Quarrying Economic Census).

And according to Trading Economics, https://tradingeconomics.com/malaysia/mining-production the mining production in Malaysia had averaged a 0.75% drop from 2011 until 2021. Hence, we do not see much iron mining activities ongoing on Bursa.
06/08/2022 5:11 PM
enlistcapital While investors would generally refer “steel” prices on CNY-based rebar, which is the first search result one could find when you googled “steel prices”, flat steel and value-added products such as hot rolled coil and cold rolled coil data is relatively harder to be found. Hence, there are many misunderstood on the pricing – which is completely understandable especially for those who are new to the market.
You could also see that the application of long steel such as rebar and flat steel are much different.

Understandably, the prices for “steel” are constantly fluctuating alongside with supply and demand.

While many could argue that “steel” prices had went down from its high, the value of construction work done alone in 2022 Q1 in Malaysia had amounted to RM29.5 billion – steel, being one of the key construction materials, is poised to see an increase of demand, and at the current juncture, it is still considerably profitable for steel players in Malaysia.

For manufacturers in Malaysia, they are generally applying to a costs-plus model in terms of factoring their prices. In other words, as long as the management had been keeping a close eye on steel prices and manage their inventories well, the company should remain buoyant against the price fluctuation headwinds, while preparing rigorously for the next upcycle.

For number crunchers, we need to relook at the term “Revenue” , which obviously was made up of 2 aspects for steel companies, namely the volume supplied and selling price of the products.

In weaker steel prices time, the manufacturer or trader could rack up their volume to cover up fixed costs as well as enhance their margins, and during the steel upcycle, they could enjoy both at once. It all comes down to how well the company was managed, especially on the inventory level.
06/08/2022 5:12 PM
enlistcapital Speaking of which – inventories could make a difference on the profit and loss statement, but for obvious reasons it would depend on when the goods were sold. Do bear in mind, that these inventories are not like your properties, which one could revalue to inflate its bottom line, but instead, it needs to be sold then only its bottom line can be concluded which is always tied back to the timing of sales.

Of course, for slow moving inventories and those inventories which are below its net realisable value, the steel manufacturers and/or traders may even need to impair or setting up an allowance for impairment on the books!

Therefore, I was amazed when investors are touting the idea of steel companies inflating their numbers by not doing anything on their inventories.

However, for investors, it is always about the return on investment. We all know that the stock market generally had a 6-12 months forward nature in pricing and valuation, and that would very well explain the current valuation of the steel companies. Coupled with hampered investors sentiment, there you go, low single digit PE steel companies.

It is wise for investors to normalize the company profit, and to certain extent – try to wait out for a low for companies who managed their cash flow well.
06/08/2022 5:12 PM
enlistcapital Oh! Speaking of which, cash flow and debt is another commonly debated issue in the steel industry.

I think many investors may understand the basics of working capital, but not the concept of trade financing. You see, in a capital-intensive business, it is sometimes cheaper to raise a super short-term borrowing of 30 to 120 days in order to secure customers and better margins.

This is common that steel industry, or commodities related companies on Bursa had over a great deal of their debt in short-term trade financing, which is lower in financing costs, as it was prorated.

It is just sad to see that investors are injudiciously and blatantly claiming that steel makers would raise borrowings just to pay dividends to attract investors. Dividends are generally approved by the board members while for final dividends, shareholders’ approval need to be sought. The board members which also consists of independent directors must have closely monitor the cash flow of the company before approving it.

So much for saying debt-for-dividend.

I think investors need to be fair in justifying the profit and loss, as well as cash flow movement of any steel companies in Malaysia before crowning an undervalued or overvalued statement over them. It is simply irresponsible.

Remember, what is undervalued now can be overvalued in 6-12 months’ time, and vice-versa.

06/08/2022 5:12 PM
DickyMe So long in the business, why the need to borrow? What happened to past profits?
15/11/2022 6:20 PM
fruitcake time to revisit. light up your firecrackers
13/01/2023 11:17 AM
stockraider Lu tau boh ??

Good dividend coming mah!
13/01/2023 5:54 PM
DrumRoll 3 cent div announced 17/2/23. Official ?
21/03/2023 11:27 AM

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