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bought a few CSCSTEL at 1.24 (morning open price, 17 nov 2025). no debt and lot of cash company. good privatization target at above rm1.7 offer price. CSCSTEL now made up about 2% of my total portfolio / investment capital.
Based on CSC Steel Holdings Berhad’s Q2 2025 results, yes — the performance does show that the counter is back on track compared to the previous year, though challenges remain. Here’s a breakdown:
? Financial Performance
Revenue: RM363.5m in Q2 2025 vs RM366.0m in Q2 2024 (slightly lower, –1%).
Profit before tax: RM22.8m in Q2 2025 vs RM9.2m in Q2 2024 (+148%).
Profit after tax: RM17.8m in Q2 2025 vs RM7.2m in Q2 2024 (+147%).
Earnings per share: 4.81 sen in Q2 2025 vs 1.95 sen in Q2 2024.
Even though revenue dipped, profit margins improved significantly due to lower raw material costs and a stronger Ringgit against USD, which reduced import costs
.
? Trend vs Previous Quarter
Revenue increased 11% quarter-on-quarter (Q2 vs Q1 2025).
Profit before tax improved 43% QoQ (RM22.8m vs RM15.9m).
Profit after tax up 41% QoQ (RM17.8m vs RM12.6m)
.
This shows the company is regaining momentum and executing better operationally.
? Outlook
Challenges: global steel overcapacity, weak China demand, US tariffs, rising domestic costs (tariffs, SST, EPF, fuel subsidies).
The company remains “cautiously optimistic” and is prioritising financial resilience
.
✅ Conclusion:
Yes — the steel counter is showing a strong recovery from previous losses/weak quarters. Despite slightly lower revenue, profitability is sharply up year-on-year and quarter-on-quarter. This suggests the company is back on track operationally, but external risks (global overcapacity, tariffs, domestic cost pressures) still need to be managed.
Q1 profit 12.6 Q2 profit 17mil half year profit 29.6mil
If based on csc dividend payout 85%
25.16 /380 =6.62 cent
If estimate Q3 and Q4 profit each QR profit 12mil
Total net profit is 53.6mil
So next year dividend payout can go up to 119cent per share
Yarlung Tsangpo Hydropower Project Launched, Driving Steel Demand and Market Surge
On July 19, the Yarlung Tsangpo River Lower Reach Hydropower Project officially began construction in Nyingchi, Tibet. The massive project involves five cascading hydropower stations, with a total investment of RMB 1.2 trillion and 5 million tons of steel required. Rebar price in China up 10% since June 2025
Got 1 small CSC shareholders estimate hold around 250lots everyday keep wayang bollywood left right hand trading at 1.06 1.07 and syiok sendiri.... U wanna touch him??
U got the insider news, govt to imposed anti dumping duty on galvanized steel...
Conclusion import CRC and galvanized steel all slaps by duty actually good for local steel industry
