Highlights
KLSE : MASTEEL       MALAYSIA STEEL WORKS (KL)BHD
Last Price Today's Change   Day's Range   Trading Volume
0.995   -0.005 (0.50%)  0.985 - 1.00  222,600

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):596,250
4 Weeks Range:0.985 - 1.05
52 Weeks Range:0.77 - 1.19
Average Price Target:1.13
Price Target Upside/Downside:+0.135
View Price Target Detail

Business Background

Malaysia Steel Works (KL) Bhd (Masteel) is a Malaysia-based manufacturing company. The Company is engaged in manufacturing of steel bars, mild steel bars and prime steel billets. Its subsidiaries are Steel Dynamics (M) Sdn. Bhd. and Bio Molecular Industries, which is engaged in manufacturing, research and development of radioisotopes and radiopharmaceuticals products. As of December 31, 2011, the Company held 45.34% interest in Bio Molecular Industries Sdn. Bhd. On August 6, 2010, the Company completed the disposal of its Molecular Industries Sdn. Bhd. (BMI). On January 6, 2011, the Company acquired Metropolitan Commuter Network Sdn. Bhd. In July 2011, the Company sold its subsidiary Steel Dynamics (M) Sdn Bhd.

  3 people like this.
 
carson mom share will move when new production plant at pj start operation in a couple of mths, another catalyst could be the award of steel related projects or some steel supply contracts , overall i am confident with the present efficient management, good luck
13/03/2014 10:35
raymondlim Nice write up on star today.
07/04/2014 21:31
Alex Chan vol building. train moving
10/04/2014 16:06
raymondlim Good fundamentals. Definitely a buy
10/04/2014 18:33
Yunnan too laggard. Hiapteck also moved already
18/04/2014 12:25
carson In other developments, discussions for an intra-city commuter train project in
Johor – under a 60:40 joint venture with KUB Malaysia – are still ongoing
with the various government departments. We have not included any impact
from the project in our earnings forecast
18/04/2014 17:35
Alex Chan if it happens....3 to 4 years oredi....want to celebrate anniversary?
18/04/2014 18:22
carson refering to my previous post, ok thats from bursa most recent announcement, nego are on going and certainly there is hope here and i believe if news out from forum or some rumour talks then for sure changes are slim but here its from bursa thus dont pack off the hope so soon. luckily my wa is at cheapy cheap and the only alternative is convertion comes2015, expecting mom to be at1.50 sometime , not to far away, all here should be comfortable as our value shares are under strong management.
23/04/2014 18:22
carson masteel partner, kub malaysia shares was actively traded these past fews with good price appreciation, could be riding on positive contracts news, remember its a partner of masteel
23/04/2014 18:31
carson The Board of Directors of KUB Malaysia Berhad (‘KUBM’ or ‘the Company’) wishes to announce that the Company has on 28 March 2014 entered into a Share Sale Agreement with JEKS Engineering Sdn Bhd (‘the Vendor’) for the acquisition of 4,149,000 ordinary shares of RM1.00 each representing 30% of the equity interest held by the Vendor in Precast Products Sdn Bhd (‘PPSB’) for a total purchase consideration of RM7,650,000.00 (‘the Exercise’).

Upon the completion of the Exercise, PPSB will be fully controlled by KUBM Group with the remaining shares in PPSB held by KUB Builders Sdn Bhd (a wholly-owned subsidiary of KUBM).


None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Exercise.

This is a voluntary announcement under Paragraph 10.05(2) of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements.

This announcement is dated 28 March 2014
23/04/2014 18:43


 

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