Highlights
KLSE: CHOOBEE (5797)       CHOO BEE METAL INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.28   +0.01 (0.44%)  2.27 - 2.28  34,100
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Overview

Market Cap: 251 Million
NOSH: 110 Million
Avg Volume (4 weeks):43,325
4 Weeks Range:2.12 - 2.30
4 Weeks Price Volatility (%):
88.89%
52 Weeks Range:1.95 - 2.69
52 Weeks Price Volatility (%):
44.59%
Average Price Target: 1.30
Price Target Upside/Downside: -0.98
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  25-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  25-Aug-2018
T4Q P/E | EY: 6.18  |  16.18%
T4Q DY | Payout %: 3.91%  |  24.18%
T4Q NAPS | P/NAPS: 4.4903  |  0.51
T4Q NP Margin | ROE: 8.55%  |  8.22%

Headlines

Date Subject
22-Jun-2018 Technical Analysis - Choo Bee Metal Industries
27-Apr-2018 Mplus Market Pulse - 27 Apr 2018
06-Apr-2018 Steel Peers Comparison @ 5th April 2018; ANNJOO, LIONIND, SSTEEL, MASTEEL, LEONFB, CHOOBEE - oldfriendsinvesting
02-Mar-2018 Why Malaysia Steel Share Price is Plunging? Koon Yew Yin
28-Feb-2018 Business Sense is More Important Than FA and TA - Koon Yew Yin
09-Dec-2017 趋势中的基本面分析 - Choo Bee - bluefun
12-Nov-2017 聚美钢铁厂合理价多少?
17-Aug-2017 [转贴] 聚美钢铁 CHOOBEE – 长期遭到低估的钢铁股 - RH Research
17-Aug-2017 Traders' Corner - Choo Bee Metal Industries (CBEE MK)
16-Aug-2017 2利好扶持.聚美钢铁厂料有作为

Business Background

Choo Bee Metal Industries Bhd is a Malaysian based company engaged in the processing of steel coils into steel products, fabrication of steel products and trading of hardware products. The firm manufactures steel products for oil and gas application, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The company is organized into trading and manufacturing divisions. Entire revenue from operations of the company is generated in Malaysia.
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  anthonylow likes this.
 
feimah waiting at 2.10
25/09/2017 20:44
hng33 sold back at 2.30-2.32, cut loss, free up capital
26/09/2017 09:37
Ntpboon 冷冷清清,
无人问津?
16/10/2017 08:48
dompeilee BIG win coming!!! https://www.youtube.com/watch?v=6SDSgx3dCh8
23/10/2017 12:58
susuan dompeilee.... your posting not relevant to this thread
25/10/2017 12:31
leoting 管钢领域: 业者规模! https://leoting81.blogspot.my/2017/10/blog-post_28.html
29/10/2017 14:57
funitec Long Term! Contra is risky my friend. look carefully, good things take time to grow.
01/11/2017 11:20
shareinvestor88 better sell
04/11/2017 17:12
stockraider This choobee.....alot of people has been calling for sell a long time...but it still up loh....!!

i remember one joker who cited csc...a game changer and calling choobee...a definitely a sell loh...!!

Today...that joker disappear...bcos of his bad call on choobee loh...!!
04/11/2017 17:16
funitec if trading in safe stocks ...Always look at good stocks...that is with sound fundamentals.....Not the jumping up n down of ......hot goreng peas.
14/11/2017 08:20
Avangelice treat choobee like your FD. damn stable this gal
14/11/2017 22:58
mf Sell on news qr
24/11/2017 17:18
newbb where are those business sense jokers ?
24/11/2017 21:43
popo92 superb result!
24/11/2017 23:30
Bluegate Very good result. 3 quarters in 2017 already exceeded total profit of entire 2016. Hope to see special dividend or bonus issue.
26/11/2017 08:50
THOUSANDEYE Choobee Should worth RM 3.26 basing upong rolling 4q result
20/12/2017 21:38
Saceyy Sleeping counter
25/12/2017 23:33
Thomas awakening counter
26/12/2017 12:05
ikanbiliss middle counter strike
26/12/2017 15:53
Diamond7 Any bonus?
03/01/2018 09:48
dompeilee WoooooOOOOO!!!!!!!! Choo Bee!!! New 52-week HIGH!!!!! :) https://www.youtube.com/watch?v=7dcX8Jxro80
03/01/2018 10:05
Diamond7 Excellent!
03/01/2018 15:12
Bluegate I think it is a historical new high. Wonder if the management will propose bonus issue?
04/01/2018 00:00
yewyin33 You all must read my article "Reflection at 85" on my blog to learn many things which will help you improve your life.

Koon Yew Yin
07/01/2018 05:11
susuan A very good article, Uncle Koon!!
08/01/2018 09:52
yewyin33 You all must read my reflection at 85 from my blog which will help you make more money, lengthen your life, improve your health and enjoy a happy life.
Koon Yew Yin
08/01/2018 12:43
Diamond7 Happy Birthday Koon!
Yes! Tracking behind you....will take your advice. Thanks!
10/01/2018 19:03
Masteel SABAH STEEL GONE UP TO RM3000 per tonne.
29/01/2018 15:07
kokchengkai choobee ,share not much in market...most ppl hold tie tie..
have to make some bonus to add on share in market ..
14/02/2018 15:37
bc8660 Accumulated sone more shares, quite comfortable with company's past few quarter performance and aiming for an stellar results. Coming result should be out very soon. Huah Ah!
21/02/2018 11:34
bc8660 When Choobee result going to announce? Keep waiting waiting....
27/02/2018 16:38
Bluegate Announced already, EPS 12.
27/02/2018 17:22
immortallhs Good result but I haven't buy
27/02/2018 18:23
bc8660 Yes, this what we're expecting. This a net cash company with such atrong performance, let the market to judge it's fair value.
27/02/2018 19:14
vinc3nt haha
28/02/2018 16:07
hollandkingz There are many ways to make money from the stock market. Our famous Mr Ooi Teik Bee strictly follows his FA and TA system and teaches his method.

Mr Fred Tam strictly follow charts and he also teaches his system.

I just look at FA and TA but I do not strictly follow them because I look at the company’s business especially its profit growth prospect.

After I have tried various methods over the years, I have formulated my share selection golden rule which is as follows:

I will start to buy a little when I see the company reported a sudden jump in profit. When I see the company again reported increase profit for another quarter, I will buy more aggressively.

During the Asian Flu epidemic about 7 years ago, the demand for rubber gloves far exceeded supply. All the glove manufacturers were making phenomenal increasing profit every quarter and all their share prices were shooting through the roof.

Among all the glove manufacturers, I selected Supermax which shot up from 95 sen to Rm 6.20 per share within 15 months. During the epidemic, the Health Authorities took extra precaution to prevent the spread of the deadly virus. The use of gloves to handle almost everything was recommended. Temperature X-ray equipment was installed at every airport for every incoming passenger to pass through.

During that period there were so many analyst reports and recommendations and Top Glove was the most highly recommended. But I chose Supermax because it reported losses before the epidemic crisis and the share was selling at 95 sen per share, below par value. Every financial institution and investors must have glove company shares at that time.

The daily turnover for Supermax was more than 10 million shares. As soon as I saw there was no more an X-ray equipment at the airport when I returned from Hong Kong, I called my remisiers to sell all my holdings of Supermax. I managed to sell all my shares within a few days at above Rm 6 per share.

I also follow my share selection golden rule to buy Latitude Tree, VS Industry and Lii Hen and I became the second largest shareholder in Latitude Tree, VS Industry and Lii Hen at one time.

Each of these counters I mentioned above, went up a few hundred per cent within 1 or 2 years.

I was told that my share selection golden rule is unorthodox and it is not written in any text book.

There is an English say “Exception proves the rule. If there is no exception, there is no rule”.

In the case of my purchase of Jaks, I did not follow my share selection golden rule. I also did not follow FA & TA to start buying JAKS. In fact, I remember that I bought 6.8 million shares on 28 February last year when the company reported losses and the chart was dropping like a bomb.

Many people including my closest friends thought I was crazy to buy so many shares when the company just reported heavy losses.

FA and TA do not tell the future performance of the company.

Remember the accounts and financial statements and the price chart do not tell you the future profit growth prospect which is the most powerful catalyst to move share prices.

As an entrepreneur, I could see Jaks will have a tremendous profit growth from its 1,200 MW coal fired power plant in Vietnam. It looks so unbelievable that Jaks with such a small market capitalisation can eventually own 40% of the power plant with the Chinese parties who are responsible for the finance and construction of the power plant.

Jaks and his JV partners are sure of making profit every year for 25 years because the lawyers of the 3 Chinese National Banks must have gone through the power purchase agreement thoroughly to ensure the borrowers can make profit to return the loan. Since the loan of about Rm 7.7 billion is from the Chinese National Banks, the Vietnamese Government must honour the power purchase agreement.

Based on my business sense, I think the Chinese JV partners who are prepared to put in several billion Ringgit to own 60% of the power plant business, it is only logical they will soon want to buy some Jaks shares from the open market. Can you imagine how the share price will shoot?

Readers of I3investors’ comments on Jaks

With good intention, I have written several articles to encourage people to buy the shares. I was so frustrated when I see so many people ridiculed me in i3investor forum earlier. Now after the recommendations of Public Bank and Affin Hwang, I do not see any senseless comments.

Fortunately, just a days ago, Public Bank analyst published a very comprehensive report after his visit of the power plant construction in Hanoi. His target price is Rm 1.75 per share.

Affin Hwang analyst also published his site visit report with a target price of Rm 2.25 per share.

Mr Ooi Teik Bee did not buy Jaks after his site visit because he follows his FA and TA strictly. He does not want to look at its business. He will onl
28/02/2018 23:34
cooling https://www.nst.com.my/business/2018/03/340773/us-tariff-steel-aluminium-imports-will-impact-malaysia#cxrecs_s
04/03/2018 07:52
SmallFish8 Dividend yield and PE look attractive. If not because of the tariff. I think this company look attractive.
12/03/2018 21:52
Jon Choivo Reply to KYY's point,

If demand for steel rebar is falling, revenue should fall, not profit.
20/03/2018 17:26
happ12 2.30 looks attractive.
28/03/2018 09:58
LowChingHong Excellent!!!
28/03/2018 11:06
happ12 doji candle happen today..any chance reversal ?
05/04/2018 20:09
SincereStock decent result again^^
25/05/2018 17:49
chl1989 yes. good results
25/05/2018 18:31
dompeilee Attending AGM again...for the FIFTH consecutive year =)
https://www.youtube.com/watch?v=VB_vQYiQ5Jw
22/06/2018 08:10
chl1989 any key takeaways?
22/06/2018 16:54
dompeilee Co expects to ride through the construction slowdown quite well.
24/06/2018 20:04
silveryin Will Malaysia Steel company's export to US subject to tariff?
07/07/2018 04:05
chl1989 nope. don't worry..coming quarter will be awesome
16/07/2018 16:39
silveryin Yes. Bonus ex-date announced
16/07/2018 18:26


 

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