Hi masteel, woken up today? :) stoch oversold , property and construction had climbed up past weeks, so this steel will definitely will go up. Those who still wanna throw at low and oversold, better put money in ASB lor 😁haha
Prospects The Construction Index of Bursa Malaysia had rallied by over 11% since the start of 2023, resulting it as one of the best performers in this year. Stocks of major builders such as WCT Holdings Berhad, Gamuda Berhad and Sunway Construction Group Berhad had also rallied by 132%, 16.4% and 11.3% respectively.
In last month alone, the index had risen by over 3%. This underscores the Company’s expectation of a faster pace in the roll out of many major infrastructure projects such as the RM45 billion MRT 3, RM32 billion Penang Transport Master Plan and the disbursement of the RM97 billion gross development expenditure budgeted under Budget 2023 in the coming few quarters. The current environment of low margin on the sales of steel bars is not expected to persist for too long. 5 Meanwhile, the Company is making a major investment to improve its competitiveness whilst continuing its mission to decarbonize and maintain its lead as the lowest emitter of Green House Gases for Scope 1 amongst all steel mills in Malaysia. The Company expects improvement of its earnings in the quarters ahead.
This article first appeared in The Edge Malaysia Weekly on December 5, 2022 - December 11, 2022 STEEL bar manufacturer Malaysia Steel Works (KL) Bhd (Masteel), whose stock price has jumped 60% over the past month, is said to be a takeover target of a Bursa Malaysia-listed integrated builder conglomerate, according to market sources. “A locally listed building materials distributor, which has been actively acquiring companies and businesses in recent years, is now eyeing Masteel as its next target,” a source tells The Edge.
HSR project will be announce soon.... KL to Thailand HSR will be consider soon .....Gov mega project ..... within 3 months will be construction and steel play...
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Posted by Icon 888 > 2023-07-24 15:05 | Report Abuse
Dreaming la