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 > Down trend

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Comment by retiredcfon Jun 05, 2016 10:12am

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RE:RE:Down trend

Almost all of the REITs fell in anticipation of an upcoming interest rate increase from the Fed. Now that their lousy hiring numbers hit the tape, the chances of a cut in June are pretty much off the table (and likely July as well) so the $US is declining, gold is rising and the REITs are bouncing back. While there may have been a few profit takers, I don't think the drop in SP had anything specifically to do with MST.UN. GLTA

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