Karex - Under Expectation

Karex share price on 05 Jan 2018 = RM1.28 and 07 Mar 2018 = RM0.79, drop 38% but increase back to RM1.28 needs 62%. (When 3rd quarter of 2018 report announced on 28 Feb 2018)

Lesson learned: If you feel and believe the next quarter's profit still bad. Don't buy 1st! The share price will drop and drop again. Need to believe yourself based on homework and judgment made. Especially the company has a lot of small shareholders. Karex has 11,042 shareholders as at the end of the financial year 2017. The 2 large shareholders hold 38.59% of shares, the less hold 61.41% of shares. From the number of shareholders, can conclude that a lot of small shareholders which easily affect the share price of the company.

钢铁股 - 国家政策

钢铁股2016前低迷了很长一段时间因为钢铁市场oversupply，所以钢铁价钱都很低。这也导致很多steel manufacturer都在亏损状态。2016年，中国新的政策导致中国很多不达标的钢铁公司关闭，慢慢的钢铁价钱回弹了。2016年因为马币贬值，很多人都只关注出口股，所以少人关注，也爆发的不够力。然而2017年开始，开始有人关注了，也就开始爆发了。

Lesson learned: 要关注国家政策如何影响市场。也不要怕当少人提及，如果市场回来了，就要做功课去了解，找出原因，买赚钱的公司。As long as the company making higher profit, hold and don't sell.

Steel & Aluminium - Tariff

On 01 Mar 2018 (Thu) - USA President's Donald Trump proposed tariff on steel imports will be 25% and aluminium imports will be 10% and hence, affect Malaysia steel manufacturer's share price drop significantly. The following show the details of price dropping from closing price on 28 Feb 2018 to 05 Mar 2018 (3 trading days):

		Closing Price on 28 Feb 2018	Closing Price on 05 Mar 2018	Changes
		RM	RM
PressMetal		5.80	4.97	-17%
Masteel		1.21	1.00	-21%
ChooBee		2.60	2.36	-10%
Ssteel		2.22	1.97	-13%

However, on 06 Mar 2018 (Tue), those companies' share price rebounded due to the news stated that the steels export to USA are not much, the policy won't significantly affect the company.

		Rebound on 06 Mar 2018
PressMetal		4.23%
Masteel		4.00%
ChooBee		3.81%
Ssteel		3.55%

On 07 Mar 2018 (Wed), those companies' share price drop again. (KLSE=Increase: 272; Decrease: 687)

	07 Mar 2018	Closing Price
PressMetal	-4.44%	RM4.95
Masteel	-9.62%	RM0.94
ChooBee	-0.00%	RM2.45
Ssteel	-3.43%	RM1.95

Lesson learned: When bad news came out, don't so fast to buy the failing knife especially those companies' share price previously already increased a lot. Increase fast, drop also fast. You don't know how much and when they will drop until. Always hard to predict what news will come out.

If in future the policy doesn't implement, those companies' profit higher than last year, share price will increase again. Need to do homework and understand their main market is in which country, whether will affect their company or not. Need to understand the fundamental of the company. If want to buy the failing knife. However, bear in mind that steel and aluminium are Cyclical share.