MCS Steel Non-Voting DR MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

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MCS Steel Non-Voting DR

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Post by retiredcfon Sep 09, 2015 9:30am

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Post# 24088469

Another Recommendation

First stock in the clip. GLTA

https://www.bnn.ca/Video/player.aspx?vid=699673

MST.UN-T

2015-09-08

BUY

Andy Nasr

Likes this a lot. Owns garden style apartment communities in the US. The apartment sector is very defensive, so if you think the economy is going to slow down, it increases demand for low income Housing. The nice thing with this is that they have relatively high turnover, usually 60% in the US. In an environment where there is significant rent growth, they are able to capture those rents a lot quicker. An increase in interest rates could increase demand for their garden style communities. Payout ratio is below 60%. Trading at a reasonably good valuation.