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Overview
Financial Highlight
Headlines
Business Background Malaysia Steel Works (KL) Bhd Shs engages in manufacturing of steel bars and steel billets. The company also has an associate company which is a Bio Nexus certified company that manufactures radioisotopes which are used by hospitals for cancer imaging. The group is primarily organised in one business segment which is the manufacturing of steel bars and billets. The firm's main activities areas are the Malaysia and Outside Malaysia. The company's factories are located strategically at Petaling Jaya and Bukit Raja, Klang in the state of Selangor. It generates most of its revenues through the manufacturing of steel bars and billets in the Malaysian market.
  stncws ready for breakout soon.. TP 40c is achiveable... follow trend after glove 18/12/2023 11:04 AM stncws https://thesun.my/business/malaysia-s-lion-group-plans-us-6b-investment-says-algerian-ambassador-MK11930972 03/01/2024 3:48 PM ChenMin Ng RM'000 Q3 PBT 2293 TAX EXPENSES 449 Q4 PBT 2099 TAX EXPENSES 3350 , any one know why super charge of TAX expense in 23Q4 ? thank. 28/02/2024 8:06 PM Mini2021 Yes, break RM 2 billion in Revenue..... Next year will break RM 2.5 billion in revenue and net Profit should be RM 200 million. 29/02/2024 12:46 AM Jack Khan Q4 PBT 2099 TAX EXPENSES 3350 is deferred tax which they have every year! But the profit became lost due to the low margin for Steel product this time! 01/03/2024 6:30 PM Jack Khan Yes market is not good for steel company! don't expect higher sales with higher return their margin is very small now! 01/03/2024 6:34 PM  EngineeringProfit Key Financial Results Summary: Revenue surged by 13% to RM2.01 billion compared to FY 2022, indicating robust top-line growth. Net income plummeted by 87% to RM2.40 million, primarily due to increased expenses, resulting in a profit margin decrease from 1.1% to 0.1%. Earnings per share (EPS) dipped significantly from RM0.028 to RM0.004, reflecting the challenging profitability landscape. 12/03/2024 10:41 PM kokchengkai steel sector is moving since monday ...coming month goreng topic mayb wil b steel sector ..plantation oledi habis goreng 22/03/2024 5:45 PM WiraBoleh Pembinaan LRT ni akan mendorong permintaan keluli https://www.hmetro.com.my/bisnes/2024/04/1082168/lrt-laluan-mutiara-sokong-potensi-ekonomi-pulau-pinang 24/04/2024 1:42 PM Mini2021 A mandatory review of the Section 301 tariffs on imports from China concluded May 14 with recommendations to increase some tariffs on $18 billion worth of Chinese goods, establish an exclusion process for a limited number of products, and make other changes. A Federal Register notice soliciting comments on the proposed changes is expected next week. The recommendations are included in the Office of the U.S. Trade Representative’s report on its review of the tariffs, which were first imposed in 2018 in an effort to persuade China to modify its “harmful technology transfer-related acts, policies, and practices.” USTR Katherine Tai said that while the tariffs have been somewhat successful in that regard, “further action is required.” USTR also downplayed the impact of the tariffs on U.S. businesses, saying they have had small negative effects on U.S. economic welfare, prices, and employment and that these impacts are “particularly associated” with China’s retaliatory tariffs on U.S. exports. In fact, USTR asserted, the tariffs have helped to increase U.S. production in the most-affected industrial sectors, reduce imports from China, and increase imports from alternate sources, “thereby potentially supporting U.S. supply chain diversification and resilience.” USTR is therefore proposing to maintain all existing Section 301 tariffs on Chinese goods and to add or increase tariffs on the following products. - battery parts (non-lithium-ion batteries) – from 7.5 percent to 25 percent in 2024 - electric vehicles – from 25 percent to 100 percent in 2024 - lithium-ion electrical vehicle batteries – from 7.5 percent to 25 percent in 2024 - lithium-ion non-electrical vehicle batteries – from 7.5 percent to 25 percent in 2026 - medical gloves – from 7.5 percent to 25 percent in 2026 - natural graphite – from 0 to 25 percent in 2026 - other critical minerals – from 0 to 25 percent in 2024 - permanent magnets – from 0 to 25 percent in 2026 - personal protective equipment – from 0-7.5 percent to 25 percent in 2024 - semiconductors – from 25 percent to 50 percent by 2025 - ship-to-shore cranes – from 0 to 25 percent in 2024 - solar cells (whether or not assembled into modules) – from 25 percent to 50 percent in 2024 - steel and aluminum products – from 0-7.5 percent to 25 percent in 2024 - syringes and needles – from 0 to 50 percent in 2024 15/05/2024 6:58 AM AlexChiaWS https://www.cnbc.com/2024/05/17/china-pledges-billions-in-measures-to-support-struggling-property-sector.html Finally, China government announce support for property developer. More project can be finished, steel price shall be stabilize. 19/05/2024 5:36 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
