Highlights
KLSE: ANNJOO (6556)       ANN JOO RESOURCES BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
3.05   -0.01 (0.33%)  3.03 - 3.07  212,800
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
26-Jul-2017 27-Jul-2017 Conversion of Preference Shares 35,000 1.800 531,748,389 Additional Listing Detail
19-Jul-2017 20-Jul-2017 Conversion of Preference Shares 423,200 1.800 531,713,389 Additional Listing Detail
17-Jul-2017 18-Jul-2017 Conversion of Preference Shares 8,800 1.800 531,290,189 Additional Listing Detail
10-Jul-2017 11-Jul-2017 Conversion of Preference Shares 1,394,900 1.800 531,281,389 Additional Listing Detail
04-Jul-2017 05-Jul-2017 Conversion of Preference Shares 737,000 1.800 529,886,489 Additional Listing Detail
28-Jun-2017 29-Jun-2017 Conversion of Preference Shares 47,000 1.800 529,149,489 Additional Listing Detail
08-Jun-2017 09-Jun-2017 Conversion of Preference Shares 500 1.800 529,102,489 Additional Listing Detail
31-May-2017 01-Jun-2017 Conversion of Preference Shares 400 1.800 529,101,989 Additional Listing Detail
17-May-2017 18-May-2017 Conversion of Preference Shares 55,000 1.800 529,101,589 Additional Listing Detail
15-May-2017 16-May-2017 Conversion of Preference Shares 85,300 1.800 529,046,589 Additional Listing Detail
02-May-2017 03-May-2017 Conversion of Preference Shares 5,813,050 1.800 528,961,289 Additional Listing Detail
14-Apr-2017 17-Apr-2017 Conversion of Preference Shares 8,000 1.800 523,148,239 Additional Listing Detail
03-Mar-2017 06-Mar-2017 Conversion of Preference Shares 27,500 1.800 523,140,239 Additional Listing Detail
11-Jan-2017 12-Jan-2017 Conversion of Preference Shares 110,611 1.800 523,112,739 Additional Listing Detail
04-Jan-2017 05-Jan-2017 Conversion of Preference Shares 160,350 1.800 523,002,128 Additional Listing Detail
21-Dec-2016 22-Dec-2016 Conversion of Preference Shares 133,600 1.800 522,841,778 Additional Listing Detail
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leoting https://leoting81.blogspot.my/2017/07/blog-post_24.html
25/07/2017 09:53
Edwardljhoo Amsteel Pricing : (Morning)
Y16-32=Rm2220
Y10,12,Y40 &R10 =RM2390
R6,8,12,16,20&25=Rm2420
25/07/2017 10:25
leoting Amsteel (Lionind)'s rebar also heading to RM2300. For your information, Amsteel and Ssteel produce more wire rod (R) in Klang Valley.
25/07/2017 10:47
Edwardljhoo Leo, Wire rod today pricing is already Rm2260/mt
25/07/2017 12:59
Ntpboon 价格的上涨是因为供不应求?
25/07/2017 16:12
JCang annjoo 3.5 drop 3.05
still good counter?
25/07/2017 17:10
Tatyang Liew thanks Leoting
25/07/2017 18:18
Tatyang Liew thanks Edwardljhoo
25/07/2017 18:19
HoldingKing Hi Edward, could you provide us the link where you observe the price of the steel? Thank You
26/07/2017 01:39
Edwardljhoo Tatyang U r welcome...
26/07/2017 08:25
Edwardljhoo Hi Holding King, sorry this is live announcement given by Steel Mill sales personnel therefore there is no link on this....
26/07/2017 08:26
leoting @JCang Whether it is good company or not, very depending how much net profit that it create. In Bursa, not so many companies can create 250 millions net profit anually, and EPS 40 cents and above.
26/07/2017 09:11
agilomoto http://www.thestar.com.my/business/business-news/2017/07/26/maybank-research-sees-better-earnings-for-ann-joo-in-h2/
26/07/2017 10:17
Dragon88 steel price can be volatile but at the moment is on up trend. Annjoo should have good profit in Q3
26/07/2017 10:52
Edwardljhoo KUALA LUMPUR: Maybank Investment Bank Research expects Ann Joo Resources to report better earnings in the second half of 2017 after a weaker second quarter due to seasonally softer demand and higher raw material inventory costs.

To recap, Maybank Research expects Ann Joo to report substantially weaker net profit for 2Q17 (1Q17: RM74mil) given the:
(i) softer industry’s demand for building materials as construction activity slowed during the Hari Raya fasting month and festive season;
(ii) lower industry’s ASPs with billets and bars ASPs down 8% on-quarter in 2Q17; and (iii) higher raw material inventory costs, which were procured in 1Q17, used in 2Q17 production.
Based on our channel checks, steel bar ASP has risen rapidly to RM2,200 a tonne currently (+14% in a month) as construction activities gained traction and demand for long steel products improved.
“We maintain our earnings forecasts which have factored in our expectation of a weaker 2Q17 and better earnings in 2H17.

“We see stronger demand for building materials in 2H17-2018, underpinned by mega infrastructure projects (KVMRT 2, SUKE, KVLRT 3 and ECRL).

“We project Ann Joo to chart a record high net profit in FY17 (+26% on-year) but earnings growth to be tepid in FY18 (+2%) due to its capacity constraint (plant utilisation: 85-90%),” it said.

Read more at http://www.thestar.com.my/business/business-news/2017/07/26/maybank-research-sees-better-earnings-for-ann-joo-in-h2/#sebK9kehjrWdCLoU.99
26/07/2017 12:55
Edwardljhoo Southern Pricing : (Afternoon) Up RM20/MT
Y16-32=Rm2240
Y10,12,Y40 &R10 =RM2410
R68,12,16,20&25=Rm2440
26/07/2017 12:58
leoting Very good. Just waiting Ssteel for paying dividend continuously next few quarters while Annjoo pay dividend half a year.
26/07/2017 13:48
CanCan168 So..when 2nd dividend payout?
26/07/2017 13:54
stupid i heard q2 result is below 20m quite bad. leo any comment on this? is this on par with your forecast?
26/07/2017 17:02
paperplane2016 leoting bro, I buy Masteel more. think the selling is overdone
26/07/2017 17:27
leoting @stupid My calculation is Average last 5 quarters Annjoo's PBT/Revenue is 12.5%. When ASP increase and Raw Materials cost decrease, i will take 12.5%+3%+2%=17.5%. When ASP drop and Raw material cost increase, i will take 12.5%-3%-2% = 7.5% . Given lower revenue 350millions x 7.5% = 26 millions PBT. Anyhow, this is calculation for Annjoo not for the other 3 players.
26/07/2017 19:39
Wei Chyi from 92m to 26m a? omggg
26/07/2017 19:44
leoting Therefore, 2nd quarter Annjoo's PBT/Revenue around 7.5% while 3rd quarter around 17.5% . If 3rd quarter can hit 500 millions revenue, then it may challenge 1st quarter's profit.
26/07/2017 19:44
nakata Hi Edwardljhoo, how do you get the pricing ?
26/07/2017 19:47
stupid 26m consider thank GOD. my news is below 20m, GG.com
26/07/2017 20:10
stupid @leo, thanks
26/07/2017 20:10
leoting Basically, 2nd Quarter 2016=3rd Quarter 2017. 3rd Quarter 2016 = 2nd Quarter 2017. Mainly due to the Hari raya issue, then floating of raw material and average selling price.
26/07/2017 20:14
Wei Chyi can I ask why revunue will drop from 500 over m?
26/07/2017 20:36
leoting 500 millions revenue is very high for Annjoo. Usually, it is range 350-500millions. Ultra performance only break 600millions.
26/07/2017 20:41
OOMMGG Leoting, do you mind share your estimate on coming ssteel profit before tax? Will ssteel PBT be close to or equal to Annjoo for coming Q result?
26/07/2017 20:44
OOMMGG There is chance coming ssteel PBT be equal or close to Annjoo. No dare to say it will beating Annjoo.
26/07/2017 20:47
solaris80 SSteel definitely will beat AJ at second quarter.
26/07/2017 20:59
leoting Ssteel have highest revenue among 4 players, when its margin improve few percent, then it will have very good performance.
26/07/2017 21:11
solaris80 Hope quarrel between family kuok will settle down.
26/07/2017 21:16
OOMMGG Chinese dictum says wealth does not last beyond three generations. Don't know will this notion apply to growing family tree of Quek
26/07/2017 21:57
OOMMGG LC VS LB
26/07/2017 22:03
JayC So annjoo will announce dividend this coming quarter right?
26/07/2017 22:16
Sorimachi Thank you Leo and Edward, i heard Alliance plant will be in operation soon, is that true and what is the impact to AJ & SS?
26/07/2017 23:09
leoting Alliance steel need 1 year to go from now to launch. It is not easy to build up the supply network and client list. I predict Alliance Steel need to start with supplying billet to Lionind and Masteel .
27/07/2017 00:05
Sorimachi Thanks Leo for your reply, appreciate it.
27/07/2017 00:13
JayC Basically, 2nd Quarter 2016=3rd Quarter 2017. 3rd Quarter 2016 = 2nd Quarter 2017. Mainly due to the Hari raya issue, then floating of raw material and average selling price.
26/07/2017 20:14

Leoting, we need to add some premium, cannot compare apple to apple because last year there is no duty safeguard. Can assume 10% increase in revenue because of safeguard. therefore, your PBT 26m is roughly correct
27/07/2017 10:30
Edwardljhoo Southern Pricing : (Afternoon) Up RM20/MT
Y16-32=Rm2260
Y10,12,Y40 &R10 =RM2430
R68,12,16,20&25=Rm2460
27/07/2017 12:54
zexon Edward and Leoting, thanks for useful info!
27/07/2017 13:28
Edwardljhoo Jay C, AJ also have spill over sales from March 2017 to April & May , therefore the effect is minimal and addition to this, AJ start to export during this period of time by maintaining reasonable margins on profit. PBT estimated at 40-50Million (PAT 30-37Million).
27/07/2017 13:29
notebook last year who said no safe guard , start from sep
27/07/2017 13:32
Wei Chyi orz... 30-37 still face 60% drop
27/07/2017 13:40
investmentisgood Wei Chyi, annjoo is for long term, not just for one quarter.
27/07/2017 13:54
Sorimachi Thank you Edward for AJ's PBT/PAT estimates. Any idea on SS?
27/07/2017 14:09
Wei Chyi alright... I meant return wise... ssteel better right? hold annjoo for 1 qr d... feel sad when nx qr going south
27/07/2017 14:22
Edwardljhoo Sorimachi, SSteel have reached their PBT early this year, therefore it wont be far away from the Target as its the same thing happened to AJ, high inventories ,high production cost and long holidays in June will affect overall performances.
This 2nd Half you will be shock by their profitability's and performance, then the price of the shares already sky rocketing
27/07/2017 14:33


 

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