Koon Yew Yin's Blog

Building materials & Construction activity increase - Koon Yew Yin

Koon Yew Yin
Publish date: Fri, 04 Nov 2022, 04:10 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Building Materials Cost Rises Up To 22% Across Malaysia:

The building materials cost index (BCI) (without steel bars & with steel bars) for all building categories in Peninsular Malaysia, Sabah and Sarawak increased between 0.2 to 22.0 per cent in August 2022 as compared to a year ago.

For the same period, the increase in BCI for Peninsular Malaysia was between 5.5 and 18.0 per cent, Sabah between 0.2 and 15.3 per cent and Sarawak between 5.4 and 22.0 per cent.

In a release by the Department of Statistics Malaysia (DOSM) today entitled ‘Special Release 2 (For Building and Structural Works) August 2022,’ figures show an annual comparison for the period of August 2022 as compared to a year ago showed an increase in BCI with steel bars for all areas in Peninsular Malaysia, Sabah and Sarawak.

The chart above shows the prices of Malaysia's scrap iron, steel billet, and steel bar. The price chart can be used to gauge the profitability of steel manufacturing companies. When the spread between scrap iron and steel products expands, the profit of the steel mill will increase, and vice versa.

Construction activity increase

Construction activity in Malaysia rose 6.1 percent year-on-year in the June quarter of 2022, rebounding from a 6.1 percent drop in the prior period and indicating the first increase in a year, as the economy fully emerged from coronavirus curbs. There was an upturn in activity related to residential buildings (7.9 percent vs -11.9 percent in Q1), while the output of non-residential buildings picked up strongly (18.1 percent vs 4.2 percent), and special trade activities continued their double-digit growth (11.9 percent vs 24.1 percent). In contrast, civil engineering activity fell at a slower rate (-4.4 percent vs -15.5 percent). source: Department of Statistics, Malaysia

Due to Building materials & Construction activity increase AYS Venture should report better profit

AYS Ventures Bhd is an investment holding principally involved in the trading and manufacturing of steel related products. The company is organized into three segments namely trading, manufacturing and others. The trading division trades and markets a diverse range of steel products and construction materials whilst the manufacturing division manufactures and trades pressed steel and fiberglass reinforced polyester sectional water tanks, steel purlin, and wire products. Other segment includes investment holding, warehousing and storage services and dormant. The products serve customers in the construction, engineering for heavy steel industries, fabrication, oil and gas, power plant and shipbuilding sectors. The group principally operates within Malaysia.


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Discussions
Be the first to like this. Showing 8 of 8 comments

abcb

Uncle Koon,why you are not interested to give some comment regarding the coming GE15

2022-11-04 20:27

gohkimhock

If want to buy, also go for building materials counters la..

2022-11-04 20:33

ming

Uncle see china steel price move liao~ then wanna promote la !

2022-11-05 03:46

Huntercrazy

Yup.. this is true and agree. Start to collect building material counter especially cement counter from east is cmsb, west is mcement

2022-11-05 07:35

Huntercrazy

Humecement

2022-11-05 07:35

emsvsi

DEAR KOON,
ARE YOU SELING STEEL COUNTERS NOW
LOOKING FORWARD TO YOUR NEGATIVE COMMENTS ON CERTAIN SECTORS/STOCKS SO WE CAN COLLECT WITH YOU

2022-11-06 03:50

Income

Ah ha, time to get out?

2022-11-06 14:25

sniper123

wen uncle YY promote, RUNNNN...NNN 4 ur life!!!

2022-11-07 09:03

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