Highlights
KLSE: CHOOBEE (5797)       CHOO BEE METAL INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.38   +0.01 (0.42%)  2.38 - 2.38  6,000
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Financials


Market Cap: 262 Million

Market Cap 262 Million
NOSH 110 Million

Latest Audited Result:  31-Dec-2016

Latest Audited Result: 31-Dec-2016
Announcement Date 27-Apr-2017
Next Audited Result: 31-Dec-2017
Est. Ann. Date: 27-Apr-2018
Est. Ann. Due Date: 29-Jun-2018

Latest Quarter:  30-Sep-2017 [#3]

Latest Quarter: 30-Sep-2017 [#3]
Announcement Date 24-Nov-2017
Next Quarter: 31-Dec-2017
Est. Ann. Date: 17-Feb-2018
Est. Ann. Due Date: 01-Mar-2018
QoQ | YoY   62.09%  |    130.80%

Annual (Unaudited) ( EPS: 22.49, P/E: 10.58 )

Revenue | NP to SH 369,625  |  24,713
RPS | P/RPS 336.32 Cent  |  0.71
EPS | P/E | EY 22.49 Cent  |  10.58  |  9.45%
DPS | DY | Payout % 3.96 Cent  |  1.66%  |  17.63%
NAPS | P/NAPS 4.11  |  0.58
YoY   316.75%
NP Margin | ROE 6.69%  |  5.47%
F.Y. | Ann. Date 31-Dec-2016  |  17-Feb-2017

T4Q Result ( EPS: 32.35, P/E: 7.36 )

Revenue | NP to SH 424,031  |  35,559
RPS | P/RPS 385.82 Cent  |  0.62
EPS | P/E | EY 32.35 Cent  |  7.36  |  13.59%
DPS | DY | Payout % 8.92 Cent  |  3.75%  |  27.57%
NAPS | P/NAPS 4.28  |  0.56
QoQ | YoY   19.46%  |    97.63%
NP Margin | ROE 8.39%  |  7.56%
F.Y. | Ann. Date 30-Sep-2017  |  24-Nov-2017

Annualized Result ( EPS: 34.06, P/E: 6.99 )

Revenue | NP to SH 439,945  |  37,436
RPS | P/RPS 400.30 Cent  |  0.59
EPS | P/E | EY 34.06 Cent  |  6.99  |  14.31%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   4.82%  |    62.94%
NP Margin | ROE 8.51%  |  7.95%
F.Y. | Ann. Date 30-Sep-2017  |  24-Nov-2017


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2017 24-Nov-2017 30-Sep-2017 3 130,394 13,635 10,220 10,220 9,804 470,625 95.94% 7.84% 2.17% 108,941 119.69 118.64 9.38 9.30 9.00 8.92 4.3200 4.28   62.09%   130.80% 29-Sep-2017 2.32 1.94 24.73 0.54 4.04% 3.88% 24-Nov-2017 2.45 2.05 26.12 0.57 3.83% 3.67%
31-Dec-2017 25-Aug-2017 30-Jun-2017 2 102,243 8,362 6,305 6,305 - 459,730 - % 6.17% 1.37% 108,941 93.85 93.03 5.79 5.74 0.00 0.00 4.2200 4.18   -45.42%   -36.65% 30-Jun-2017 2.27 2.42 39.22 0.54 2.55% 0.00% 25-Aug-2017 2.23 2.38 38.53 0.53 2.60% 0.00%
31-Dec-2017 19-May-2017 31-Mar-2017 1 97,322 15,327 11,552 11,552 - 462,999 - % 11.87% 2.50% 108,941 89.33 88.55 10.60 10.51 0.00 0.00 4.2500 4.21   54.40%   305.05% 31-Mar-2017 1.79 2.00 16.88 0.42 5.92% 0.00% 19-May-2017 2.12 2.37 19.99 0.50 5.00% 0.00%
31-Dec-2016 17-Feb-2017 31-Dec-2016 4 94,072 10,394 7,482 7,482 - 452,105 - % 7.95% 1.65% 108,941 86.35 85.60 6.87 6.81 0.00 0.00 4.1500 4.11   68.97%   884.47% 30-Dec-2016 1.66 1.92 24.17 0.40 4.14% 0.00% 17-Feb-2017 1.77 2.05 25.77 0.43 3.88% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 78,022 5,556 4,428 4,428 - 444,981 - % 5.68% 1.00% 109,064 71.54 70.99 4.06 4.03 0.00 0.00 4.0800 4.05   -55.51%   273.17% 30-Sep-2016 1.87 2.61 46.06 0.46 2.17% 0.00% 29-Nov-2016 1.80 2.52 44.33 0.44 2.26% 0.00%
31-Dec-2016 26-Aug-2016 30-Jun-2016 2 96,788 13,285 9,953 9,953 4,355 439,935 43.76% 10.28% 2.26% 108,894 88.88 88.07 9.14 9.06 4.00 3.96 4.0400 4.00   248.98%   160.69% 30-Jun-2016 1.41 1.59 15.43 0.35 6.48% 2.84% 26-Aug-2016 1.50 1.69 16.41 0.37 6.09% 2.67%
31-Dec-2016 27-May-2016 31-Mar-2016 1 100,743 4,043 2,852 2,852 - 434,331 - % 2.83% 0.66% 108,854 92.55 91.67 2.62 2.60 0.00 0.00 3.9900 3.95   275.26%   -27.04% 31-Mar-2016 1.46 1.58 55.73 0.37 1.79% 0.00% 27-May-2016 1.48 1.60 56.49 0.37 1.77% 0.00%
31-Dec-2015 26-Feb-2016 31-Dec-2015 4 100,069 707 760 760 - 429,942 - % 0.76% 0.18% 108,571 92.17 91.05 0.70 0.69 0.00 0.00 3.9600 3.91   129.72%   -72.54% 31-Dec-2015 1.48 1.61 211.43 0.37 0.47% 0.00% 26-Feb-2016 1.37 1.49 195.71 0.35 0.51% 0.00%
31-Dec-2015 26-Nov-2015 30-Sep-2015 3 107,219 769 -2,557 -2,557 - 429,793 - % -2.38% -0.59% 108,808 98.54 97.56 -2.35 -2.33 0.00 0.00 3.9500 3.91   -166.97%   -172.31% 30-Sep-2015 1.51 1.53 -64.26 0.38 -1.56% 0.00% 26-Nov-2015 1.52 1.54 -64.68 0.38 -1.55% 0.00%
31-Dec-2015 21-Aug-2015 30-Jun-2015 2 109,027 -1,324 3,818 3,818 6,545 434,161 171.43% 3.50% 0.88% 109,085 99.95 99.20 3.50 3.47 6.00 5.96 3.9800 3.95   -2.33%   32.99% 30-Jun-2015 1.62 1.62 46.29 0.41 2.16% 3.70% 21-Aug-2015 1.65 1.65 47.14 0.41 2.12% 3.64%
31-Dec-2015 15-May-2015 31-Mar-2015 1 144,891 5,349 3,909 3,909 - 435,543 - % 2.70% 0.90% 108,885 133.07 131.84 3.59 3.56 0.00 0.00 4.0000 3.96   41.22%   32.46% 31-Mar-2015 1.68 1.26 46.80 0.42 2.14% 0.00% 15-May-2015 1.64 1.23 45.68 0.41 2.19% 0.00%
31-Dec-2014 13-Feb-2015 31-Dec-2014 4 133,000 3,232 2,768 2,768 - 432,636 - % 2.08% 0.64% 108,976 122.04 121.02 2.54 2.52 0.00 0.00 3.9700 3.94   -21.72%   -56.49% 31-Dec-2014 1.70 1.39 66.93 0.43 1.49% 0.00% 13-Feb-2015 1.55 1.27 61.02 0.39 1.64% 0.00%
31-Dec-2014 21-Nov-2014 30-Sep-2014 3 124,246 5,600 3,536 3,536 6,528 428,672 184.62% 2.85% 0.82% 108,800 114.20 113.05 3.25 3.22 6.00 5.94 3.9400 3.90   23.16%   21.85% 30-Sep-2014 1.76 1.54 54.15 0.45 1.85% 3.41% 21-Nov-2014 1.68 1.47 51.69 0.43 1.93% 3.57%
31-Dec-2014 22-Aug-2014 30-Jun-2014 2 121,016 3,874 2,871 2,871 6,524 425,212 227.27% 2.37% 0.68% 108,749 111.28 110.11 2.64 2.61 6.00 5.94 3.9100 3.87   -2.71%   -44.93% 30-Jun-2014 1.90 1.71 71.97 0.49 1.39% 3.16% 22-Aug-2014 1.86 1.67 70.45 0.48 1.42% 3.23%
31-Dec-2014 26-May-2014 31-Mar-2014 1 116,008 4,050 2,951 2,951 - 429,038 - % 2.54% 0.69% 108,892 106.53 105.55 2.71 2.69 0.00 0.00 3.9400 3.90   -53.62%   -62.84% 31-Mar-2014 1.76 1.65 64.94 0.45 1.54% 0.00% 26-May-2014 1.95 1.83 71.96 0.49 1.39% 0.00%
31-Dec-2013 21-Feb-2014 31-Dec-2013 4 116,940 3,839 6,362 6,362 - 425,948 - % 5.44% 1.49% 108,938 107.35 106.40 5.84 5.79 0.00 0.00 3.9100 3.88   119.23%   677.75% 31-Dec-2013 1.57 1.46 26.88 0.40 3.72% 0.00% 21-Feb-2014 1.61 1.50 27.57 0.41 3.63% 0.00%
31-Dec-2013 22-Nov-2013 30-Sep-2013 3 121,003 3,405 2,902 2,902 - 421,117 - % 2.40% 0.69% 109,097 110.91 110.10 2.66 2.64 0.00 0.00 3.8600 3.83   -44.33%   1.11% 30-Sep-2013 1.54 1.39 57.89 0.40 1.73% 0.00% 22-Nov-2013 1.64 1.48 61.65 0.42 1.62% 0.00%
31-Dec-2013 23-Aug-2013 30-Jun-2013 2 121,308 6,562 5,213 5,213 5,452 417,694 104.60% 4.30% 1.25% 109,058 111.23 110.38 4.78 4.74 5.00 4.96 3.8300 3.80   -34.36%   116.49% 28-Jun-2013 1.50 1.35 31.38 0.39 3.19% 3.33% 23-Aug-2013 1.51 1.36 31.59 0.39 3.17% 3.31%
31-Dec-2013 29-May-2013 31-Mar-2013 1 109,819 9,486 7,942 7,942 - 418,344 - % 7.23% 1.90% 108,943 100.80 99.92 7.29 7.23 0.00 0.00 3.8400 3.81   870.90%   124.10% 29-Mar-2013 1.31 1.30 17.97 0.34 5.56% 0.00% 29-May-2013 1.47 1.46 20.16 0.38 4.96% 0.00%
31-Dec-2012 22-Feb-2013 31-Dec-2012 4 103,489 307 818 818 - 329,062 - % 0.79% 0.25% 109,687 94.35 94.16 0.75 0.74 0.00 0.00 3.0000 2.99   -71.50%   -75.70% 31-Dec-2012 1.30 1.38 174.32 0.43 0.57% 0.00% 22-Feb-2013 1.32 1.40 177.00 0.44 0.56% 0.00%
31-Dec-2012 23-Nov-2012 30-Sep-2012 3 109,062 4,052 2,870 2,870 - 408,129 - % 2.63% 0.70% 109,125 99.94 99.23 2.63 2.61 0.00 0.00 3.7400 3.71   19.19%   -28.38% 28-Sep-2012 1.34 1.34 50.95 0.36 1.96% 0.00% 23-Nov-2012 1.33 1.33 50.57 0.36 1.98% 0.00%
31-Dec-2012 24-Aug-2012 30-Jun-2012 2 127,175 3,119 2,408 2,408 6,537 404,238 271.49% 1.89% 0.60% 108,959 116.72 115.72 2.21 2.19 6.00 5.95 3.7100 3.68   -32.05%   -66.58% 29-Jun-2012 1.44 1.23 65.16 0.39 1.53% 4.17% 24-Aug-2012 1.42 1.22 64.25 0.38 1.56% 4.23%
31-Dec-2012 25-May-2012 31-Mar-2012 1 109,929 5,027 3,544 3,544 - 406,742 - % 3.22% 0.87% 109,046 100.81 100.02 3.25 3.22 0.00 0.00 3.7300 3.70   5.29%   -62.44% 30-Mar-2012 1.52 1.51 46.77 0.41 2.14% 0.00% 25-May-2012 1.41 1.40 43.38 0.38 2.30% 0.00%
31-Dec-2011 27-Feb-2012 31-Dec-2011 4 113,478 4,760 3,366 3,366 - 403,724 - % 2.97% 0.83% 109,114 104.00 103.25 3.09 3.06 0.00 0.00 3.7000 3.67   -16.00%   15.51% 30-Dec-2011 1.46 1.40 47.33 0.39 2.11% 0.00% 27-Feb-2012 1.57 1.51 50.89 0.42 1.96% 0.00%
31-Dec-2011 18-Nov-2011 30-Sep-2011 3 105,769 4,491 4,007 4,007 - 399,611 - % 3.79% 1.00% 108,885 97.14 96.24 3.68 3.65 0.00 0.00 3.6700 3.64   -44.39%   176.66% 30-Sep-2011 1.35 1.39 36.68 0.37 2.73% 0.00% 18-Nov-2011 1.41 1.45 38.32 0.38 2.61% 0.00%
31-Dec-2011 26-Aug-2011 30-Jun-2011 2 120,469 9,178 7,206 7,206 6,540 395,730 90.77% 5.98% 1.82% 109,016 110.51 109.61 6.61 6.56 6.00 5.95 3.6300 3.60   -23.63%   -4.00% 30-Jun-2011 1.62 1.47 24.51 0.45 4.08% 3.70% 26-Aug-2011 1.45 1.31 21.94 0.40 4.56% 4.14%
31-Dec-2011 27-May-2011 31-Mar-2011 1 108,994 12,049 9,436 9,436 - 388,798 - % 8.66% 2.43% 109,212 99.80 99.17 8.64 8.59 0.00 0.00 3.5600 3.54   223.82%   -12.83% 31-Mar-2011 1.70 1.70 19.68 0.48 5.08% 0.00% 27-May-2011 1.65 1.65 19.10 0.46 5.24% 0.00%
31-Dec-2010 25-Feb-2011 31-Dec-2010 4 95,660 4,390 2,914 2,914 - 384,167 - % 3.05% 0.76% 109,138 87.65 87.04 2.67 2.65 0.00 0.00 3.5200 3.50   155.75%   -59.55% 30-Dec-2010 1.73 1.97 64.79 0.49 1.54% 0.00% 25-Feb-2011 1.66 1.89 62.17 0.47 1.61% 0.00%
31-Dec-2010 26-Nov-2010 30-Sep-2010 3 108,486 -3,668 -5,227 -5,227 - 396,843 - % -4.82% -1.32% 113,383 95.68 98.71 -4.61 -4.76 0.00 0.00 3.5000 3.61   -169.64%   -147.43% 30-Sep-2010 1.91 2.00 -41.43 0.55 -2.41% 0.00% 26-Nov-2010 1.95 2.04 -42.30 0.56 -2.36% 0.00%
31-Dec-2010 20-Aug-2010 30-Jun-2010 2 98,113 9,527 7,506 7,506 6,298 387,372 83.92% 7.65% 1.94% 104,979 93.46 89.27 7.15 6.83 6.00 5.73 3.6900 3.52   -30.66%   15.78% 30-Jun-2010 1.80 1.93 25.17 0.49 3.97% 3.33% 20-Aug-2010 1.88 2.01 26.29 0.51 3.80% 3.19%
31-Dec-2010 14-May-2010 31-Mar-2010 1 99,573 13,310 10,825 10,825 - 384,655 - % 10.87% 2.81% 105,097 94.74 90.60 10.30 9.85 0.00 0.00 3.6600 3.50   50.26%   307.61% 31-Mar-2010 1.78 1.88 17.28 0.49 5.79% 0.00% 14-May-2010 1.81 1.91 17.57 0.49 5.69% 0.00%
31-Dec-2009 25-Feb-2010 31-Dec-2009 4 103,404 7,730 7,204 7,204 - 372,801 - % 6.97% 1.93% 105,014 98.47 94.09 6.86 6.55 0.00 0.00 3.5500 3.39   -34.63%   130.16% 31-Dec-2009 1.65 1.68 24.05 0.46 4.16% 0.00% 25-Feb-2010 1.82 1.85 26.53 0.51 3.77% 0.00%
31-Dec-2009 20-Nov-2009 30-Sep-2009 3 102,103 16,879 11,021 11,021 - 365,964 - % 10.79% 3.01% 105,162 97.09 92.90 10.48 10.03 0.00 0.00 3.4800 3.33   70.00%   122.96% 30-Sep-2009 1.50 1.54 14.31 0.43 6.99% 0.00% 20-Nov-2009 1.50 1.54 14.31 0.43 6.99% 0.00%
31-Dec-2009 20-Aug-2009 30-Jun-2009 2 105,046 7,182 6,483 6,483 6,314 354,670 97.40% 6.17% 1.83% 105,243 99.81 95.58 6.16 5.90 6.00 5.75 3.3700 3.23   224.34%   -78.99% 30-Jun-2009 1.50 1.50 24.35 0.45 4.11% 4.00% 20-Aug-2009 1.60 1.60 25.97 0.47 3.85% 3.75%
31-Dec-2009 25-May-2009 31-Mar-2009 1 93,865 -5,359 -5,214 -5,214 - 350,067 - % -5.55% -1.49% 105,760 88.75 85.41 -4.93 -4.74 0.00 0.00 3.3100 3.19   78.17%   -131.91% 31-Mar-2009 1.11 1.25 -22.52 0.34 -4.44% 0.00% 25-May-2009 1.56 1.76 -31.64 0.47 -3.16% 0.00%
31-Dec-2008 25-Feb-2009 31-Dec-2008 4 103,717 -24,546 -23,888 -23,888 4,762 359,854 - % -23.03% -6.64% 105,839 97.99 94.37 -22.57 -21.74 4.50 4.33 3.4000 3.27   -583.27%   -397.30% 31-Dec-2008 1.11 1.13 -4.92 0.33 -20.33% 4.05% 25-Feb-2009 1.17 1.19 -5.18 0.34 -19.29% 3.85%
31-Dec-2008 25-Nov-2008 30-Sep-2008 3 143,465 5,959 4,943 4,943 - 384,809 - % 3.45% 1.28% 106,301 134.96 130.54 4.65 4.50 0.00 0.00 3.6200 3.50   -83.98%   -10.60% 30-Sep-2008 1.93 1.43 41.51 0.53 2.41% 0.00% 25-Nov-2008 1.18 0.87 25.38 0.33 3.94% 0.00%
31-Dec-2008 15-Aug-2008 30-Jun-2008 2 177,026 37,336 30,863 30,863 - 379,149 - % 17.43% 8.14% 106,204 166.68 161.07 29.06 28.08 0.00 0.00 3.5700 3.45   88.86%   332.07% 30-Jun-2008 2.10 1.26 7.23 0.59 13.84% 0.00% 15-Aug-2008 2.00 1.20 6.88 0.56 14.53% 0.00%
31-Dec-2008 23-May-2008 31-Mar-2008 1 155,850 19,051 16,342 16,342 - 348,289 - % 10.49% 4.69% 106,185 146.77 141.81 15.39 14.87 0.00 0.00 3.2800 3.17   103.39%   142.21% 31-Mar-2008 1.98 1.35 12.87 0.60 7.77% 0.00% 23-May-2008 2.12 1.44 13.78 0.65 7.26% 0.00%
31-Dec-2007 25-Feb-2008 31-Dec-2007 4 128,467 10,038 8,035 8,035 - 336,917 - % 6.25% 2.38% 106,283 120.87 116.89 7.56 7.31 0.00 0.00 3.1700 3.07   45.32%   -1.44% 31-Dec-2007 2.20 1.82 29.10 0.69 3.44% 0.00% 25-Feb-2008 2.30 1.90 30.42 0.73 3.29% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
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Victor Tan If u don't have patience, then should just go punting pennies
04/08/2017 13:15
Hunger Can look at hevea ,Currently hong leong bank and other research investor already start covering (due to stronger usd to myr currency and their diversification which should be up by now or 4th Q)

https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-Heveaboard-Estimates-Fungi-Project-To-Add-Up-To-MYR10-Million-In-Revenue-Official?page=2

http://www.theedgemarkets.com/article/heveaboard-forecast-rake-rm3m-earnings-2018
05/08/2017 00:33
meistsk3134 Hunger say becareful of steel counter
07/08/2017 21:44
HuatRex Shit counter
08/08/2017 12:50
mrcrab A laggard steel counter. It is time to collect.
10/08/2017 09:49
Bluegate Today up 6.5% in single day, indicating a good 2Q result? Do anyone heard news they might have bonus issues?
16/08/2017 15:34
dompeilee Choo Bee rides HIGH again :D
16/08/2017 16:37
enning22 china market all steel related products well sky high , some went limit up, for last few days trading session on strong demand,expecting great future advances.
23/08/2017 10:01
enning22 ai ya , bad choice, annjoo seems more favourable , up 20 sen today.
23/08/2017 16:20
Stock Kingdom Not bad, expect more worse, down next monday & up before next QR?
25/08/2017 19:04
Stock Kingdom Inventory is 192mil, mostly 6 months sales amount, Choo Bee will be another black horse in next QR
25/08/2017 19:08
Gehdongdong Maybe will go up on Monday, same example as annjoo
25/08/2017 19:14
angcl ChooBee quarterly result out. Very disappointing with 40% drop in profit. Gone case for steel counter.
27/08/2017 10:01
bobthevalueman The have no idea how to handle IR and have no clue how to manage the market. Old time apek running the company.
27/08/2017 14:20
enning22 second quarter steel price in world market suffered a set back , but as from 3rd quarter world steel price recover strongly, hopefully , full year can bring good healthy result.
27/08/2017 15:27
KLCI King Over react, we will see it bounce higher soon, market is always short sighted
28/08/2017 18:03
KLCI King Because market is now dominated by a bunch of traders/retailers/xxxxxxxxxxxxx
28/08/2017 18:04
KLCI King Oh, forget to mention, an old dying man who always louded himself a good man for he always donate to others
28/08/2017 18:05
dompeilee Some snippets from the AGM : https://www.youtube.com/watch?v=VB_vQYiQ5Jw&t=75s
28/08/2017 19:56
enning22 China Hikes Steel Prices
By Leia Toovey -August 28, 2017 - 16:36 UTC

China’s largest steelmaker, China Steel Corp., will increase the prices of steel products for delivery in the fourth quarter by an average of 5.6% due to higher raw material costs.

Earlier in the month, Japan increased its steel product prices, also due to higher input costs. But, sending a bit of a mixed message, last week Nippon Steel announced that it had reduced steel prices to Toyota Motor Corp.

China Steel Corp. will raise the prices for all products by an average of $37.8 per ton. Prior to the increase, the steelmaker had lowered prices by an average of 5.28% for third quarter shipments in response to fluctuations in major steel markets.

Global steel prices have been rallying due to better demand expectations as well as Beijing’s steel capacity cutbacks. While steelmakers have been benefiting from these higher prices, higher costs for steel input ingredients have impacted their margins.

According to China Steel’s vice president Lee Shin-min, “Customer inventory has remained low in China and restocking demand is likely to continue to stimulate steel prices in the fourth quarter.”

Previously, it was anticipated that China’s demand for steel would fall later this year as the country’s stimulus-related infrastructure spending programs came to a close. However; it seems as if the opposite case has unfolded. China’s demand for steel remains strong, as the country’s economy has recovered. Even without stimulus related infrastructure programs, it appears that the country will keep building.

On top of all of this, of course, is the country’s steel capacity cuts and the expectation that output will be reduced even more, later in the year, to combat pollution during the winter when thermal coal use clogs the country’s skies with smoke. These factors will all support steel prices.
29/08/2017 00:43
enning22 choobee final has to adjust upward,to meet NTA at least
18/09/2017 15:20
Bluegate Hit historical new high today! Keep going! I think 3Q-4Q result must be very good.
19/09/2017 10:44
susuan Bonus long overdue?
19/09/2017 10:55
JayC between CHOO BEE vs HIAP TECK vs AYS vs LEONFB, see which horse run faster
19/09/2017 14:56
funitec Nice show yesterday and today, but curtain close a bit low.back to July highest. waiting for tomorow ........come tomorrow.
19/09/2017 23:18
limcs funitec , your tomorrow is drop :P
20/09/2017 17:31
Bluemoon888888 Good drop it provide me good chance to top up 20 lots more.keep for end of the year sure big return .
20/09/2017 18:44
hng33 bought choobee at 2.37
21/09/2017 11:04
tssl74 am hoping it can drop further but seems to be quite strong.
21/09/2017 12:12
hng33 sold back choobee at 2.41-2.42, lock fast contra profit, free up capital
21/09/2017 15:24
dompeilee Choo Bee bonus coming! https://www.youtube.com/watch?v=VB_vQYiQ5Jw&t=23s
23/09/2017 21:38
Bluemoon888888 Talking what ?? can't hear !
24/09/2017 16:49
meistsk3134 choo choo train bee bee
24/09/2017 17:06
Bluemoon888888 How come choo bee agm no one go ?May be ipoh no supporter
24/09/2017 17:14
hng33 bought back choobee at 2.33
25/09/2017 16:35
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
Mohd Fahmi Bin Jaes 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