2017第一季度安裕的EPS应该超过10分的。

大致来说，大马长钢市场价5月跌了每吨RM50-100。 但是原料铁砂和废铁就跌更多了。 所以每吨的赚利更大了。

SSteel and Annjoo are direct competitors in market. Ssteel has wider marketing network while Annjoo has better profit margin.

http://leoting81.blogspot.my/2017/05/4235-lionind.html 4235 Lionind 再看金狮!

I think Annjoo merge with Masteel will be even better. But, the posibility is very low.

6556 Annjoo 下一个资本开销周期 http://leoting81.blogspot.my/2017/05/6556-annjoo.html

@Stockmanmy none of the industry can keep growing with continuous increasing capacity...China also export steel to whole world, at the end...

Just the early stage of 3 years....imagine the share price of Long Steel Big 4 par with Glove Big 4

Overall, Malaysia is net importer of steel products, especially flat products and partial of long products.

http://leoting81.blogspot.my/2017/05/5142-waseong.html

http://leoting81.blogspot.my/2017/05/7020-ykgi.html

Average revenue for big 4 is around RM8billions. 2017 big 4's revenue is expected to improve to 9billions due to safeguard of imports.

Target Price RM5 with 2017PE10x

Average selling price (ASP) 2100-2200 is profitable enough for local players. The most important issue is to take over the market share that previously buying imported rebar and wire rod.

Annjoo can use scrap to have same margin with the big 3. If iron ore is trade within USD50-70, with strengthen Ringgit, Annjoo will defenitely prefer iron ore and coal.

钢铁第6报告之长钢五月炎阳天! http://leoting81.blogspot.my/2017/05/6.html

http://leoting81.blogspot.my/2017/05/6.html

Just starting of the long durian season, Enjoy the fruitful and good taste musang king!

Just starting of the long durian season, Enjoy the fruitful and good taste musang king!

Harvest season for durian. Please keep the durian tree well!

Harvest time for durian. Just remember not to chop the tree!

2017 will be the second rocketing year for Annjoo. Be patient.

认同

people knew first jump in, accumulate and sell to local fund later....

Dividend is just appetite, why not waiting for main course.

you will get the 9 cents dividend if you buy before 8 May 2017. And, you entitle to attend AGM in Sunway on 25 May for gift.

In term of revenue defenitely SSteel can do better.

RM strengthening means can import raw materials like iron ore, coal, coke and steel scrap with cheaper price. Even selling price remain, the materials cost will reduce while gross profit increase again,

It is because Ssteel knew their cash flow will not be an issue anymore after MITI announce 3 years safeguard extended.

http://leoting81.blogspot.my/2017/04/annjoo.html

Annjoo should release QR on 23 or 24 May before AGM. Then, everyone will cheer during AGM.

just a matter of time to break RM2.00.

http://leoting81.blogspot.my/2017/04/63.html

@Albukhary For your information, Annjoo is now still fight with Ssteel in scrap market although scrap drop 0.03 cents per kg.

Merge and acquisition are different stories.

Whether it will lead long steel or not this time?

http://leoting81.blogspot.my/2017/04/04.html

Well, i am actually writing 4 series of industries. Steel, Oil&Gas, Construction, and now Finance sector. There are actually all linked under macro economy.

Osk在产业板

@人生几何 ~ 尽情博吧 you ask exactly on the most important point while i am not going to answer you here. I will share it in my piece of work. I share my knowledge, experience, and researches to my friends.

I actually preparing construction series- article 6 and 7. But, i am thinking is it worth to share the knowledge and experience in that industry.

http://leoting81.blogspot.my/2017/04/blog-post_21.html

3 years safeguard period, you may keep for first year only to wait the profit.

Suit to long term investors rather than short term trader.

Now situation is the ASP 2017 maintain at relatively high level compare 2016 while the raw material (cost) start to soften. Moreover, China steel products absent in Malaysia and it is beneficial for Malaysia players.

@warmblood you need to consider selling price as well. Although raw material going up, ASP average selling price also hike and maintain starting from October 2016 till now. Highest ASP is on Feb 2017, then soften a little bit till now.

@warmblood http://leoting81.blogspot.my/2017/04/5_19.html

http://leoting81.blogspot.my/2017/04/5_16.html

Iron ore overshot to USD98 and now correct to USD68. It will be best to maintain USD60-65.

As long as 2017EPS can achieve RM0.40, and pay dividend 20 cents. PE12x will be reasonable by end of this year.

Spend my time in research is more meaningful.