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Overview
Financial Highlight
HeadlinesBusiness Background Ann Joo Resources Bhd is primarily engaged in the manufacturing and trading of steel and steel related products. Business activity of the group is divided into two segments namely Manufacturing and Trading segment. Manufacturing segment consist of manufacturing of iron, steel and steel related products such as billets; mild steel round, angle, round, square, flat, wire rods; and black shafts; and Trading segment is involved in trading of steel products such as carbon steel, stainless steel, hardware products, building and construction materials and it also looks into the operations of steel service centers. Further, the group is also involved in investment holding and property management activity. Geographically, it operates in the region of Malaysia and Singapore.
  SMInvest PMB Technology to increase production The Star Monday, 16 Sep 2024 https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production 16/09/2024 11:51 PM SMInvest PMB Technology to increase production The Star Monday, 16 Sep 2024 https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production 16/09/2024 11:51 PM SMInvest PMB Technology to increase production The Star Monday, 16 Sep 2024 https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production 16/09/2024 11:51 PM SMInvest PMB Technology to increase production The Star Monday, 16 Sep 2024 https://www.thestar.com.my/business/business-news/2024/09/16/pmb-technology-to-increase-production 16/09/2024 11:52 PM ptptulh if they want better right issue price time to lift up the price now, since egm passed the resolution 25/09/2024 10:51 AM Bryan3163 What is the after ex price ? If let say last price before ex is 0.97 , thanks. 26/09/2024 10:13 PM Safeld65 Steel demand will rise https://www.nst.com.my/business/economy/2024/09/1103117/construction-boost-malaysia-fueled-large-infra-projects 08/10/2024 6:34 PM soccerking82 How to purchase the right issue ? i am holding annjoo stock currently 10/10/2024 3:18 PM Leesa688 Didnt even get any notification about the rights issue. Aren't they supposed to email to us? 15/10/2024 9:51 AM CharlesT Annjoo-R1 worths a bet. The new warrant should worths around RM0.20+ upon listing. 15/10/2024 10:01 AM CharlesT Annjoo mother was last traded at 0.945 on 08 Oct b4 Ex 4:1 Rights issues It's Rm0.825 now, in other words, the cost of 1 R1 is (RM0.945-RM0.825) = Rm0.12 X 4= RM0.48 for those who are holding mother shares for the right issues. R1 is only RM0.165 now, a discount of 65% 15/10/2024 10:09 AM CharlesT I think upon listing of the rights shares, mother shares will slowly climb back to Rm0.90+ while the new WA may trade at 0.20+ to 0.30+ then Let's c 15/10/2024 10:09 AM cytew It will break 90 Sen after Annjoo-R1 has stopped trading on 18 October 2024 16/10/2024 12:01 PM Safeld65 The World Steel Association (worldsteel) forecasts that global steel demand this year will fall for the third year in a row, down 0.9% but will largely rebound in 2025. https://recyclinginternational.com/commodities/ferrous-metal-recycling/worldsteel-indias-steel-demand-to-explode/58717/ 17/10/2024 12:21 PM brand1987 How will the carbon tax be charged for steel? Based on the amount of coal used? 19/10/2024 1:04 AM soon9913 carbon tax, foreign worker levy, epf on foreign worker, min salary will hit steel companies 21/10/2024 9:56 AM AlfI3 Not ony steel comp but many others industries too, hard to sustain an industrial biz operation along w this budget presented last FRI 22/10/2024 5:19 AM AlfI3 The budget announced recently put stopper to prc hike coincidentally after the RI acceptance dateline, d company locked in huge amt frm the RI 02/11/2024 7:13 AM soon9913 The company want to sell its land at Prai.. Closing down their largest factory? 02/11/2024 11:07 PM cywong23 May i know the Annjoo R1 shares given last month must do any conversion? because it is no longer in my equities portfolio account 11/11/2024 7:36 PM rchi current mkt cap is rm720 mil prai land worth rm 800 mil you get the rest of annjoo for free after the sales proceeds is received 20/11/2024 11:27 AM ptptulh that's the only hope, sale land at good price b4 and after, if land deal off then only gone 20/11/2024 4:10 PM soon9913 the land is located at prime location, it should be able to attract many buyers.. so near to Port 20/11/2024 4:32 PM ks55 Good for Data Centre? Penang is one of the submarine landing station for Malaysia. https://theedgemalaysia.com/node/732607 20/11/2024 5:01 PM rchi Going forward,a few positives. Proposed Prai land sale worth RM800 mil Penang LRT to start construction early 2025 requiring massive steel inputs. And rights issue was completed successfully bringing in RM125 mil. 20/11/2024 8:07 PM  | |
