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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.
  Abram66 Yup, steel price gone up due to this : https://www.wsj.com/finance/commodities-futures/base-metal-prices-rise-in-london-after-u-s-u-k-ban-russian-origin-metals-dac4cd54 16/04/2024 6:15 PM Abram66 8-10% growth in steel demand in India likely in FY25 https://www.thehindubusinessline.com/companies/8-10-growth-in-steel-demand-in-india-likely-in-fy25-tv-narendran/article68098555.ece 24/04/2024 12:39 PM Abram66 Iron ore futures hit an over three-month high on Wednesday as investors bet on better demand following China’s property support https://www.mining.com/web/iron-ore-price-hits-three-month-high-on-china-demand/ 27/05/2024 1:45 PM newbie9893 steel sector will be the next theme to play.....buy now to be rewarded very soon 14/06/2024 12:07 PM newbie9893 steel sector will continue spike up kaw kaw in afternoon section, trust me 14/06/2024 12:23 PM stncws steel agent like to goreng this way... before raya...slow slow move up ..follow trend 14/06/2024 12:32 PM stncws steel agent like to goreng this way... before raya...slow slow move up ..follow trend 14/06/2024 12:32 PM  Sslee https://tradingeconomics.com/commodity/steel Steel rebar futures fell to CNY 3,400 per tonne in June, the lowest in two months, and tracking the poor momentum for ferrous metals amid increasing pessimism over demand in top consumer China. Dexin was ordered to liquidate one year after its restructuring plan was approved, underscoring the lingering distress that property developers face despite a series of support measures by Beijing, and dimming confidence for other larger debt-ridden players. The developments added to the poor outlook for Chinese construction, a major source of steel purchasing, after private data showed that home sales from China’s 100 largest real estate companies sank 34% annually in May after a 45% plunge in April. The excessive inventory in Chinese housing drove the market to show skepticism over the impact of the government’s house-buying program, as the CNY 300 billion allocated for home buying by the PBoC is a small fraction of inventory estimated to balance out oversupply. 14/06/2024 2:52 PM Sslee https://tradingeconomics.com/commodity/hrc-steel HRC Steel decreased 361.94 USD/T or 33.11% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, HRC Steel reached an all time high of 1945 in September of 2021. 14/06/2024 3:16 PM monetary Mr Sslee. Jan - Mar local rebar price was 2900. Apr til now it rises to 3100. So Annjoo next qr should be better. 14/06/2024 5:53 PM DividendGuy67 Thank-you ANNJOO. Thanks for helping to make my portfolio hit new high again today, that's 5th consecutive times this month in June alone! 18/06/2024 9:10 PM edithcapital Ann Joo, consortium partner bag RM297m job from Tenaga for electrification of ECRL feeder stations https://www.klsescreener.com/v2/news/view/1345873/ann-joo-consortium-partner-bag-rm297m-job-from-tenaga-for-electrification-of-ecrl-feeder-stations 21/06/2024 2:33 PM Ellyn20 Why run.. These supplier will benefit more on data center that is booming now. As most data center sure will use steel 28/06/2024 4:18 PM  James_Bond Markets are flooded with cheap steels! Doubt steel company would make huge profits from data centers. Purely “goreng” purposes. First in, First out, last one will get trapped! 02/07/2024 4:05 PM Ellyn20 There are variety of steel, not only steel rebar. Such as steel pipe, hollow section, i-beam, angle etc... See which steel is dropping? 02/07/2024 4:53 PM James_Bond How to compete with Alliance steel producing high-speed wire rods, bars and H-beams, with a production capacity of 4.0 million tons and 3.2 million tons of hot-rolled coil steel products as well as high-end steel plate? Steels really in excess! If not, why gov imposing heavy anti dumping duty on China steels from selling to Malaysia? 02/07/2024 5:03 PM James_Bond Many Steels companies are not environmental friendly with miserable carbon credits! This is bad because international funds would not want to invest in such low carbon credit businesses. 02/07/2024 6:01 PM bestie9292 Go check ays annual report..they got ytl data centre projects directly..pe n nta far cheaper than all steel company 02/07/2024 9:01 PM DividendGuy67 My GTC sell order at 1.38 entered some time ago was executed today automatically without watching. Average buy period is 1.31 years. 3 rounds of buys and sells and still hold a sizeable position. 41.1% per annum IRR. I blogged about it here - https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-02-story-h-157890093-ANNJOO_Do_less_earn_more. 02/07/2024 10:58 PM Ellyn20 AYS is also cheaper but seems like not active in discussion. Recommended to buy also. 02/07/2024 11:41 PM Ellyn20 Data center, airport project will all use structural steel. No worries of excess capacity i guess as long as can pass Sirim test. Some China steel may not pass Sirim test. Some client also may not want steel made in China. 02/07/2024 11:49 PM monetary Ays indeed has many international & local projects. As u can see now steel manufactures become main con instead of steel suppliers. Another measure to reduce the usage of made in China steel. 03/07/2024 12:43 PM  8u29song during old uncle aunty time, right issue announcement will cause the price goes up... 10/07/2024 10:40 AM monetary Really? Nvr heard of it before. In modern day RI will scared away all retailers. When operator push it up after RI then retailers will buy back at much higher price. 10/07/2024 11:05 AM investopology Bottom fish coming. Technical rebound should be around the corner. Shorterm TP 1.30 11/07/2024 12:35 PM  |
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