Posted by densim > 2021-05-20 18:15 | Report Abuse

I am now on the RED....

Posted by jackfruit > 2021-05-20 19:11 | Report Abuse

Currently the whole market is crashing down . All due to rumours of total lock down as covid cases keep on rising. If total lock down happen in selangor our market will collapse . Hope it will not happen.

Posted by DepecheM > 2021-05-20 21:11 | Report Abuse

Profit taking or surrender

Posted by brian3381 > 2021-05-20 23:14 | Report Abuse

Just cut loss la if u bought high. China oredi warned speculator. Steel px peak liao. No more honeymoon

Posted by joyd12345 > 2021-05-21 08:50 | Report Abuse

Full lockdown. China steel price down. India steel down. Everything down.

Posted by joyd12345 > 2021-05-21 10:52 |

Post removed.Why?

Posted by Jokers2020 > 2021-05-21 11:08 | Report Abuse

pray2 steel uptrend today

Posted by Jokers2020 > 2021-05-21 11:55 | Report Abuse

up up up annjoo

Posted by cola > 2021-05-21 12:51 | Report Abuse

Inventory loss?? My understanding is all steel companies are keeping minimum inventory at the moment. Don't think there is impact on inventory loss/gain.

Posted by joyd12345 > 2021-05-21 12:56 | Report Abuse

The margin cant be high anymore as previously steel companies were banking on inventory gain for the quarter results. Now no more. Starting may, the results going to be lower following the fallen steel price this month.

Posted by cola > 2021-05-21 13:02 | Report Abuse

Banking on inventory gain? Please watch this webminar

https://youtu.be/eMdmVZcE1r8

Posted by SEE_Research > 2021-05-22 23:15 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-05-22-story-h1565208435-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_UPDATED_NUMBER_3_.jsp

Posted by SEE_Research > 2021-05-23 16:20 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-05-23-story-h1565211222-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_UPDATED_NUMBER_3_.jsp

Posted by joyd12345 > 2021-05-23 21:49 |

Post removed.Why?

Posted by wallstreetrookie > 2021-05-24 06:46 | Report Abuse

Chinese authorities find it difficult to curb housing and construction growth as locals view homes as a more viable investment than other asset classes. However, other issues such as China's poor energy consumption and steel supply remain harder to control

Posted by wallstreetrookie > 2021-05-25 15:53 | Report Abuse

When Goldman Sachs upgrades to buy rating on commodities, you know where the exit is haha

Posted by alextan5680 > 2021-05-25 21:05 | Report Abuse

https://www.klsescreener.com/v2/news/view/830555

Posted by SEE_Research > 2021-05-25 22:05 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-05-25-story-h1565244021-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_ANOTHER_CHOO_BEE_MET.jsp

Posted by SEE_Research > 2021-05-26 00:20 | Report Abuse

AN IMPORTANT MESSAGE FOR May, June 2021

Thanks to the rare convergence of these 2 important catalyst factors of this particular stock,

the clock is ticking down for you.

ALCOM GROUP BERHAD / 2674 has these 2 important catalyst factors, namely

ALCOM manufacture, supply :

Aluminium interrelated products
Aluminium commodity price is USD 2,156.25 per metric ton as at 21 Feb 2021
Aluminium commodity price is USD 2,305.00 per metric ton as at 24 May 2021
Historical high price now, as per May 2021 period ,
comparing to April 2020 ,then was USD 1,460.00 per metric ton

Recent good announcement by Alcom / 2674 on 23 Feb 2021
On the financial quarter with revenue RM 109,633,000.00
Record profit -for this financial quarter RM 10,074,000.00 ***
EPS : 7.50
*** = record


Recent good announcement by Alcom / 2674 on 25 May 2021
On the financial quarter with record revenue for this quarter RM 139,828,000.00 ***
Consistent profit -for this financial quarter RM 7,398,000.00
EPS : 5.51
*** = record

Amazing Earning per financial quarter = 7.50 + 5.51 + 5.51 + 5.51 = 24.03 cents, on the assumptions same for the coming quarters =24.03
Annualised per year 24.03 cents x 10 PER (price earning ratio )
Intrinsic value RM 2.40 less 30 % discount,
Final mid term target price RM 1.68




surge to limit up
For Alcom / 2674 --- 27 May 2021 / Thursday = RM 1.19 ( RM 0.30 )

Another metal stock similar in the making like Choo Bee Metal Industries Bhd., /5797 as per recent good financial announcement
21 May 2021 --

surge to limit up
Choo Bee / 5797 on 21 May 2021 = RM 1.64 (closed)
Choo Bee /5797 on 24 May 2021 = RM 2.13 ( closed - limit up +30 % = + RM 0.49 )

Posted by SEE_Research > 2021-05-27 00:50 | Report Abuse

For 27 May 2021
Thursday

Alcom /2674,

Steel counters especially
Choo Bee,
Ann Joo will provide uptrend momentum for steel, aluminum sectors,
Plus Alcom /2674 will also help in aluminum sector for positive price uptrend.

Posted by wallstreetrookie > 2021-05-27 07:23 | Report Abuse

Inflation fear wildly exaggerated

Posted by TCLEOW75 > 2021-05-27 11:10 | Report Abuse

when is QR?

Posted by Peter Lau MY > 2021-05-28 09:18 | Report Abuse

This evevning

Posted by vincent cym > 2021-05-28 18:02 | Report Abuse

nice!

Posted by Albukhary > 2021-05-28 18:06 | Report Abuse

大佬好耶！果然是大佬

Posted by ming > 2021-05-28 19:03 | Report Abuse

Inventory still ok..

Posted by Maxsuper > 2021-05-28 21:39 | Report Abuse

73.62M profit....

Posted by ming > 2021-05-28 22:37 | Report Abuse

Tapi ada mco

Posted by yenhan > 2021-05-28 22:51 | Report Abuse

Steel production essential or not

Posted by ming > 2021-05-28 23:02 | Report Abuse

Higher overhead cost for mandatory plant shutdown of RM12.83 million due to approximately
one-month plant stoppage during MCO period in 2Q2020 as compared to RM5.21 million for a 14-day plant stoppage in 1Q2020.

Posted by ming > 2021-05-28 23:03 | Report Abuse

2 weeks - 5mil
4 weeks - 12 mil

Still affordable la.. lol

Posted by mf > 2021-05-28 23:07 | Report Abuse

panic sell

Posted by joyd12345 > 2021-05-28 23:30 |

Post removed.Why?

Posted by joyd12345 > 2021-05-28 23:31 |

Post removed.Why?

Posted by Zackmeiser > 2021-05-29 02:44 | Report Abuse

Not bad qr.

Posted by blackchicken > 2021-05-30 17:03 | Report Abuse

KUALA LUMPUR: Ann Joo Resources Bhd turned in a huge profit in the first quarter thanks to rising steel prices and stronger export demand.

Posted by ming > 2021-05-30 20:06 | Report Abuse

Manufacturing - operate with 10% workforce
Trading - normal operation

Posted by wallstreetrookie > 2021-05-31 06:03 | Report Abuse

There is little convincing evidence to support the deeply held belief among economists that expectations themselves can fuel inflation. Workers demanding bigger pay increases in anticipation of inflation can indeed make it worse, but there needs to be some initial trigger, such as the 1970s oil shock or sharp currency depreciations. Even unusually rapid economic recoveries like today’s don’t typically qualify.

Investors who truly fear such worst-case scenarios may still want inflation hedges. For the rest, they are becoming a pricey insurance policy.

Posted by joyd12345 > 2021-05-31 09:08 |

Post removed.Why?

Posted by ElloMate > 2021-06-01 10:14 | Report Abuse

Ann Joo Resources is 43% Undervalued at this point in time.

https://simplywall.st/stocks/my/materials/klse-annjoo/ann-joo-resources-berhad-shares/news/an-intrinsic-calculation-for-ann-joo-resources-berhad-klsean

Posted by IvanC > 2021-06-03 14:28 | Report Abuse

forming right shoulder

Posted by wallstreetrookie > 2021-06-10 15:09 | Report Abuse

Steel remains a solid insurance policy in preparation of inflation theme. However, economic recovery in Malaysia is projected to only take place in Q1 2022

Posted by Qwertyuiop > 2021-06-11 09:17 | Report Abuse

Buy, commodity supercycle still at early stage. Look at the overall environment, dont just focus on one.

Posted by joyd12345 > 2021-06-12 00:49 |

Post removed.Why?

Posted by schuafamily > 2021-06-15 15:37 | Report Abuse

Why some people are so pessimistic? Company with fundamentally strong don't just die so easily!

Posted by hsyanbird > 2021-06-15 18:07 | Report Abuse

nice price to enter below 2.4.

Posted by Qwertyuiop > 2021-06-15 21:41 | Report Abuse

ya lo dont know scare what seven, look at the global environment, what is happening!
https://www.youtube.com/watch?v=eMdmVZcE1r8
Suggest you to watch this interview with ANNJOO boss.

Posted by joyd12345 > 2021-06-17 14:28 |

Post removed.Why?

Posted by goreng_kaki > 2021-06-21 09:22 | Report Abuse

上个礼拜中国出手控制大宗商品价格

不让钢铁价格飙升

还好我在2.90的价位清仓全部annjoo了

现在钢铁股要涨，除非交出令人满意的业绩

不然凉凉

Posted by wallstreetrookie > 2021-06-22 04:59 | Report Abuse

“Inflation has increased notably in recent months,” Powell said in written remarks prepared for his Tuesday testimony before the House Select Subcommittee on the Coronavirus Crisis, citing increases in oil prices and a “rebound” in spending as the U.S. economy re-opens.

“As these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal,” he said.

Powell’s remarks were largely a repeat of his opening comments at his June 16 press conference, following a policy meeting of the central bank.