Posted by Citadel123 > 2022-01-18 23:43 | Report Abuse

ok

Posted by LVSAT5G > 2022-01-19 12:34 |

Post removed.Why?

Posted by hng33 > 2022-01-20 10:07 | Report Abuse

PE is trading at 3.5x valuation, dividend policy is 60% payout, interim dividend already paid 6sen, final dividend should net 24sen, total 30sen, Annjoo yield HIGHEST at 16% nett

Remark: Annjoo paid 1.5sen x 2 for those hold preferential share

Posted by lamy92 > 2022-01-21 08:13 | Report Abuse

Today buy sector stell.. Mybe on friday aluminum break 5years price high

Posted by DrSteel > 2022-01-22 16:37 | Report Abuse

Japan's Nippon Steel buys Thai steelmakers in $763 mln deal

https://www.reuters.com/world/asia-pacific/nippon-steel-buy-thai-steelmakers-300-mln-2022-01-21/

Nippon Steel will pay $419 million to buy a 49.99 stake in Thai steelmaker G Steel PCL (GSTEEL.BK) and a 40.45% stake in G J Steel PCL (GJS.BK), including debt, from a fund managed by Ares SSG.

The Japanese company will then launch a tender offer to buy the remaining stake, which will cost up to $344 million, bringing the total acquisition cost to up to $763 million.

By buying the two steelmakers, which have production capacity of 3 million tonnes, Nippon Steel's global capacity will rise to 69 million tonnes.

........

We can see on below detail pdf the capacity and Operating profit information of these companies. This companies generates operating profit of RM 714 million (170 USD to RM exch 4.2) .

https://www.nipponsteel.com/en/ir/library/pdf/20220121_300.pdf

Nippon is buying them at RM 3204 million (USD 763m to RM exch 4.2).
PE = 3204 / 714 = 4.5

Ann Joo PE = 3.5

Posted by DrSteel > 2022-01-22 16:41 | Report Abuse

Note the above PE comparison is using annualized Operating profit of the Thai steelmakers with annualized PAT of Annjoo. The debt level of the Thai steelmakers are not known.

Posted by DrSteel > 2022-01-22 16:43 | Report Abuse

Further, BF-EAF of Ann Joo will definitely have a higher profit margin edge over the Thai steel makers using EAF

Posted by Tobby > 2022-01-22 16:46 | Report Abuse

Annjoo! King of steel! RM1 profit margin! But i am not buying Annjoo! Why, because i am dumbass!

Posted by Jerichomy > 2022-01-24 17:29 | Report Abuse

Lucky i know that annjoo last friday is distribution

Posted by Jerichomy > 2022-01-25 12:10 | Report Abuse

Pls enjoy CnY red red

Posted by Jerichomy > 2022-01-25 18:01 |

Post removed.Why?

Posted by Tobby > 2022-01-28 15:12 | Report Abuse

Annjoo will rocket soon!

Posted by Tobby > 2022-01-31 16:04 | Report Abuse

I don't see any problem for Annjoo to hit 3.00! Considering buying Annjoo over AYS!

Posted by Jerichomy > 2022-02-02 21:58 |

Post removed.Why?

Posted by Jerichomy > 2022-02-02 21:58 | Report Abuse

Tobby

Posted by Jerichomy > 2022-02-02 22:05 | Report Abuse

Steel price in china dah jatuh

Posted by Jerichomy > 2022-02-02 22:06 |

Post removed.Why?

Posted by gordonn > 2022-02-04 12:44 | Report Abuse

Steel prices are gradually rise up..

Posted by Jerichomy > 2022-02-04 20:37 | Report Abuse

Friday baru naik sangat dangerous

Posted by L2 > 2022-02-08 17:04 | Report Abuse

Top volume in at 1129h (RM 1m @91% buy rate). 1130h AYS hiVol spike, 1133h Hiaptek hiVol spike. Just one mil to trigger heavyweight catalytic wave.

Posted by jab1234 > 2022-02-16 11:01 | Report Abuse

Is annjo over price.. can buy now

Posted by Randy Chan > 2022-02-18 15:16 | Report Abuse

Steel c. Up nx wk!!!!

Posted by ming > 2022-02-22 14:57 | Report Abuse

china steel price puncet liao~

Posted by VincentTang > 2022-02-26 17:21 | Report Abuse

US Steel up 10.47% and Steel Dynamics up 9.09% last night. Monday all steel stocks will up a lot.

Posted by VincentTang > 2022-02-28 10:23 | Report Abuse

China steel price up 2.13% to 4701 now. Rebound from low. Buy Hiaptek, AYS, Annjoo and Prestar.

Posted by FutureEyes > 2022-02-28 18:51 | Report Abuse

Inventory write down 34.5m, impairment loss 15m, shutdown overhead cost 15m, Total 65m

Posted by ming > 2022-02-28 21:04 | Report Abuse

Going forward, steel players are expected to report lower margins as a result of rising raw material and fuel costs, as well as elevated inflationary in general.

Posted by gemfinder > 2022-02-28 21:40 | Report Abuse

Habis

Posted by hock007 > 2022-02-28 22:45 | Report Abuse

the director forecast always not accurate, last quarter say will good, see this quarter become not good. this quarter say next quarter not good, let see next quarter become what

Posted by wallstreetrookie > 2022-03-01 10:30 | Report Abuse

Ann Hoo cut to underperform at Kenanga Investment Bank

Posted by rikki > 2022-03-01 12:34 | Report Abuse

Ann Joo's earnings are expected to come off steeply due to lower steel average selling price (ASP) and rising costs.
https://www.klsescreener.com/v2/news/view/957689/ann-joo-s-margins-to-normalise-says-kenanga

Posted by ValueInvestor888 > 2022-03-02 15:16 | Report Abuse

The stock market is forward-looking as it places more emphasis on what is expected to happen in the future, not the past..

Posted by Primeinvestor > 2022-03-03 14:58 | Report Abuse

kenanga useless, dont even know how to see.. HRC 5250 now

Posted by DrSteel > 2022-03-08 21:48 | Report Abuse

Latest Price (RM/MT) from MSI

Iron Ore: RM 615.93
Scrap: RM 2,216 - RM 2,610
Billet: RM 3,000 - RM 3,100
Rebar: RM 3,200- RM3,350
Steel Wire Rod: RM 3,350 - RM3,450

Billet price had sky rocketed from RM 2600 just a week earlier!

Posted by DrSteel > 2022-03-10 22:42 | Report Abuse

Sanctions on Russia to push Philippines to buy more SE Asia steel billet, sources say

https://www.fastmarkets.com/insights/sanctions-on-russia-to-push-philippines-to-buy-more-se-asia-steel-billet-sources-say

Far East Russia-origin 125mm 5sp billet was heard offered at $720-725 per tonne cfr Manila at the start of this week with bids as high as $705 per tonne cfr, but sources said they did not believe this offer was still in the market by the end of the week, following the Russian invasion of Ukraine on Thursday.

Malaysia-origin 5sp blast furnace (BF) billet was heard to be offered by traders at $720-725 per tonne cfr Manila on Friday, with bids heard at $705-710 per tonne cfr for such material.

Posted by Bennychua007 > 2022-03-11 16:16 | Report Abuse

No one looking for steel

Posted by DrSteel > 2022-03-13 14:41 | Report Abuse

https://www.bangkokpost.com/business/2277959/country-girds-for-impact-of-higher-steel-prices

The price of steel billet in the global market increased to around US$800 per tonne, up from $650 per tonne, in just one week, said Pravit Horungruang, a committee member of the EAF Long Product Steel Producers Association.

Posted by awesome20 > 2022-03-13 14:46 | Report Abuse

52w h at 3.18
if manage to book 50% also good
swing mode ONNNNNNN

Posted by DrSteel > 2022-03-13 17:20 | Report Abuse

Philippines steel billet import price hits $800 cfr, most sellers holding back

https://www.metalbulletin.com/Article/5088366/Latest-news/Philippines-steel-billet-import-price-hits-800-cfr-most-sellers-holding-back.html

Posted by DrSteel > 2022-03-13 18:21 | Report Abuse

Japan's rebar prices climb to 13 years high

https://www.steelmint.com/insights/japans-rebar-prices-climb-to-13-years-high-290293

By Monday morning, deals for SD295A 16-25mm rebar in Tokyo were being transacted at Yen 100,000-102,000/t, up Yen 2,000/t on week and Yen 4,000/t on month respectively, and some buyers have already started paying Yen 103,000/t, sources confirmed. This has been the first time for Japanese rebar prices to reach above Yen 100,000/t since October 2008.

Thats more than 5,400 Chinese Yuan!

Posted by DrSteel > 2022-03-19 23:21 | Report Abuse

Live updates: Big steel plant 'being destroyed' in Mariupol

https://www.independent.co.uk/news/ap-ukraine-joe-biden-vladimir-putin-europe-b2039492.html

https://www.devdiscourse.com/article/law-order/1968256-live-updates-big-steel-plant-being-destroyed-in-mariupol

In the besieged port city of Mariupol, Ukrainian and Russian forces are fighting for the Azovstal steel plant, one of the biggest in Europe, said Vadym Denysenko, an adviser to Ukraine's interior minister, in televised remarks on Saturday.

"Now there is a fight for Azovstal. … I can say that we have lost this economic giant. In fact, one of the largest metallurgical plants in Europe is actually being destroyed," Denysenko said.

Posted by ValueInvestor888 > 2022-03-21 10:56 | Report Abuse

local steel stock price cannot move...
It is because steel is too common and many producers around with big capacity esp China and India.... or due to raw materials also increased a lot? or

Personally l like specialty commodity producers in Msia like Pmetal, PMBTech and MSC...

Posted by Jerichomy > 2022-03-22 16:49 | Report Abuse

Tech theme now. Buy tech

Posted by wongkl0307 > 2022-03-24 11:50 | Report Abuse

jerichomy, yes tech theme but not now la... waiting for pullback to enter

Posted by DrSteel > 2022-03-30 22:27 | Report Abuse

Latest Price (RM/MT)

Iron Ore RM 620.34
Scrap RM 2,553 – RM 2,738
Billet RM 3,200 – RM 3,300
Rebar RM 3,450- RM3,600
Steel Wire Rod RM 3,500 – RM3,600

Posted by ming > 2022-04-03 15:30 | Report Abuse

Global steel price has shoot up since March as material cost increase more..

There is no more cheap steel to import anymore..

Who has inventory the most, who is the king now !

Posted by DrSteel > 2022-04-16 15:37 | Report Abuse

Infrastructure approvals hit 70% of last year’s total

https://www.thestar.com.my/business/business-news/2022/04/16/infrastructure-approvals-hit-70-of-last-years-total

BEIJING: China’s government has given the green light to investment in projects that’s worth nearly 70% of what was allowed for the whole of last year, another sign that Beijing is accelerating infrastructure spending to bolster an economy hit hard by Covid-19.

Posted by dompeilee > 2022-04-19 07:53 | Report Abuse

Bought AnnJoo yesterday for the dividend.

Posted by dompeilee > 2022-04-20 10:15 | Report Abuse

1.89...nice =)

Posted by imvu > 2022-04-20 10:17 | Report Abuse

limit up ?