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Last Price Today's Change   Day's Range   Trading Volume
1.87   -0.03 (1.58%)  1.86 - 1.90  169,100
1,232 comment(s). Last comment by joehoong93 at Sep 14, 2021 5:03 PM
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Invest_888
595 posts

Posted by Invest_888 > Jun 11, 2021 10:54 AM | Report Abuse

With the highest reserve of RM417 million among steel stocks, Choobee should issue share bonus.


Invest_888
595 posts

Posted by Invest_888 > Jun 12, 2021 12:23 PM | Report Abuse

Choobee is set to fly high due to its accumulation is the highest since year 2017.


OTB
8149 posts

Posted by OTB > Jun 14, 2021 8:47 AM | Report Abuse

Posted by Sslee > Jun 13, 2021 6:26 PM | Report Abuse

U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will provide a transparent infrastructure partnership to help narrow the $40 trillion needed by developing nations by 2035, the White House said.

So all building material price will increase so are many commodities price due to every country printing more money.


skyjet
369 posts

Posted by skyjet > Jun 15, 2021 12:17 PM | Report Abuse

Steel price increase significantly again.

https://www.investing.com/commodities/ncdex-steel-futures

Steel stocks will almost definitely to fly higher and higher.


skyjet
369 posts

Posted by skyjet > Jun 15, 2021 4:24 PM | Report Abuse

China steel price big up. Buy steel stock.
http://www.sunsirs.com/uk/prodetail-961.html


morganlee
319 posts

Posted by morganlee > Jun 15, 2021 4:40 PM | Report Abuse

is steel counter entering into a super bull trend starting from next week onwards?


brian3381
1544 posts

Posted by brian3381 > Jun 16, 2021 5:14 PM | Report Abuse

press kuat kuat…..


SincereStock
982 posts

Posted by SincereStock > Jun 16, 2021 6:52 PM | Report Abuse

what happen?


Ogopogo
44 posts

Posted by Ogopogo > Jun 16, 2021 7:54 PM | Report Abuse

https://www.klsescreener.com/v2/news/view/841995


Ogopogo
44 posts

Posted by Ogopogo > Jun 16, 2021 7:56 PM | Report Abuse

China will release national reserves of copper, aluminium and zinc in batches in near term in response to the government's requirement of stabilising commodity prices, the National Food and Strategic Reserves Administration said on Wednesday.


Ogopogo
44 posts

Posted by Ogopogo > Jun 16, 2021 7:57 PM | Report Abuse

So...usual panic lah


SincereStock
982 posts

Posted by SincereStock > Jun 16, 2021 9:19 PM | Report Abuse

@ogopogo thanks


SinbaLion
10 posts

Posted by SinbaLion > Jun 17, 2021 9:51 AM | Report Abuse

sweet~ back to support.... accumulate again!.Choobee has strong fundamental compare to other similar counter... my 2 cent, as hard as China try to stable down the price, the commodity price in general would still be on the rise. The damage has been done by many countries flooding the market with free money amid the pandemic. It was a necessary short term act to save own country citizen livelihood, but it's a cost that the country need to pay in long term.


excelyou
1254 posts

Posted by excelyou > Jun 17, 2021 9:57 AM | Report Abuse

Waiting


Invest_888
595 posts

Posted by Invest_888 > Jun 18, 2021 9:46 AM | Report Abuse

Almost all steel stocks will rebound soon, oversold.


SincereStock
982 posts

Posted by SincereStock > Jun 18, 2021 10:17 PM | Report Abuse

just now at closing cut queue average down at Rm1.95 haha, NTA 4.19, PE 5.94, Cash balance more than total liabilities ah, NTA clean clean all asset and cash!!

already plan my next average down price, hope can average down again hehe


Ais Milo
118 posts

Posted by Ais Milo > Jun 21, 2021 2:19 PM | Report Abuse

bak to buy in point.. should hold or protect cost?


Mrspeaker
100 posts

Posted by Mrspeaker > Jun 21, 2021 6:09 PM | Report Abuse

a dragonfly doji today, brighter days ahead :)


Invest_888
595 posts

Posted by Invest_888 > Jun 22, 2021 9:23 AM | Report Abuse

China steel listed companies profit grown explosively, share price up crazily.

https://cn.investing.com/analysis/article-200464982

Malaysia steel companies are totally oversold.


sten_still
282 posts

Posted by sten_still > Jun 23, 2021 12:22 PM | Report Abuse

collect mode


Alright21
1 post

Posted by Alright21 > Jun 25, 2021 3:56 PM | Report Abuse

Keep on falling...what had happened??


Hui_k_c
78 posts

Posted by Hui_k_c > Jun 26, 2021 4:21 PM | Report Abuse

waiting for political stable.


SEE_Research
1151 posts

Posted by SEE_Research > Jun 27, 2021 3:50 PM | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-06-27-story-h1567059317-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_3_M_means_MONEY_B.jsp


clouud1234
905 posts

Posted by clouud1234 > Jun 28, 2021 1:33 AM | Report Abuse

Gogogogo


petnch2020
66 posts

Posted by petnch2020 > Jul 15, 2021 4:10 PM | Report Abuse

Investors are worried for the steel companies due to the fact that they are not allowed to operate in the 1st phase of National Recovery Plan (NRP).

That being said, Choo Bee is slightly different from the other steel players. For one, its mains operation is actually located in Perak, in Lahat (near Ipoh) to be precise. The other 3 main locations are Ulu Kinta (also in Perak), Tuaran (Sabah) and Kapar (Selangor).

Only the warehouse in Selangor are not operating at the moment. The other locations should have already started operations given that both Perak and Sabah has already enter the 2nd Phase of NRP (steel companies are allowed to operate in Phase 2).

Like all steel players, Choo Bee valuation is undemanding both in terms of PE and PB. For 1Q21 the company managed to deliver a profit of RM27mil. Assuming a profit of RM87mil (or average RM20mil per quarter for the rest of 2021), the current market price would translate to a PE of a mere 2.6x.

In terms of PB it is only trading at 0.45x with no debt in its book. It has a net cash of around RM100mil or RM0.77 per share with steady cash flow generation from operation every year.

I just think that the company is too cheap at the moment for market to ignore.


yewyin33
242 posts

Posted by yewyin33 > Jul 16, 2021 11:24 AM | Report Abuse

Only time can tell who is right and who is wrong. MCO is affecting the movement of everybody and listed companies. That is why I have cashed out of the stock market. Covid 19 cases in Malaysia is still surging. Many experts predicted that the pandemic will not be fully under control for at least 1 or more years. As a result, almost all the listed companies will not be able to report increased profit in the next few quarters. Some of them will report losses.

As an investor, I want to make sure my decision to cash out from the stock is right or buy back shares which are on cheap sale. I just rang Leon Fuat tel 03-33753333, Hiap Teck tel 03-33778888 and Choo Bee tel 03-32918822 and I found out that all these companies are close for business. As a result, all these companies will report reduced profit in the next few quarters. I will not be surprised if some steel companies report losses. Whether you buy or sell does not affect my pocket because I have sold all my shares. Good luck to all my critics for keep buying shares.
Koon Yew Yin


petnch2020
66 posts

Posted by petnch2020 > Jul 16, 2021 2:12 PM | Report Abuse

The Selangor region office is for sure closed as Selangor is still under EMCO. But the company's main operation center near ipoh and regional operation in Tuaran (Sabah) would most likely have already restarted operation as both Perak and Sabah have already entered the 2nd phase of the National Recovery Plan.

https://choobee.com/contact-us/


kevin008
1360 posts

Posted by kevin008 > Jul 17, 2021 6:23 AM | Report Abuse

Choo bee factory and business located at ipoh perak n Sabah .Phase Two of National Recovery Plan which mean allow steel company to operate. U can refer to the page 118-120 to see all the address.


kevin008
1360 posts

Posted by kevin008 > Jul 17, 2021 6:28 AM | Report Abuse

Page 118-120 of 2020 annual report


Yong Meng
39 posts

Posted by Yong Meng > Jul 18, 2021 10:18 AM | Report Abuse

https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况


ahbah
3479 posts

Posted by ahbah > Jul 18, 2021 10:27 AM | Report Abuse

Add some.


siawhui
42 posts

Posted by siawhui > Jul 19, 2021 10:23 AM | Report Abuse

Buy n hold sure win .... Cash rich and low valuation company


akmalrizal786
114 posts

Posted by akmalrizal786 > Jul 19, 2021 10:51 AM | Report Abuse

today LU


gemfinder
5619 posts

Posted by gemfinder > Jul 19, 2021 11:03 AM | Report Abuse

mayb bonus isue


akmalrizal786
114 posts

Posted by akmalrizal786 > Jul 19, 2021 11:48 AM | Report Abuse

ssh tembus 2.20


akmalrizal786
114 posts

Posted by akmalrizal786 > Jul 19, 2021 3:37 PM | Report Abuse

runnnn


Hui_k_c
78 posts

Posted by Hui_k_c > Jul 19, 2021 7:41 PM | Report Abuse

Good luck to all of you. I sold to-day due to MCO not being lifted.


shwong
26 posts

Posted by shwong > Jul 19, 2021 9:27 PM | Report Abuse

Choo Bee factories under 2nd phase MCO. Operate as usual!!!


kelvin61
714 posts

Posted by kelvin61 > Jul 20, 2021 1:11 AM | Report Abuse

One of the most well managed steel stock in Bursa. Cash rich and due for bonus issue anytime. With bumper profits this year, there is a possibility the owners may reward loyal shareholders with bonus shares and even warrants, cheers.


Bgt 9963
6721 posts

Posted by Bgt 9963 > Jul 20, 2021 8:34 AM |

Post removed. Why?


OTB
8149 posts

Posted by OTB > Jul 22, 2021 11:16 PM | Report Abuse

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.


kelvin61
714 posts

Posted by kelvin61 > Jul 23, 2021 3:01 PM | Report Abuse

@ OTB. Agreed, cheers.


akmalrizal786
114 posts

Posted by akmalrizal786 > Jul 23, 2021 7:08 PM | Report Abuse

after dividen price akan turun so sauk time tu


Zolan2020
365 posts

Posted by Zolan2020 > Jul 26, 2021 8:46 PM | Report Abuse

chill... only normal correction. not huge dump. unless world market meltdown. waiting to buy back later. in general, all commodity will perform well forfew uear. imo


Zolan2020
365 posts

Posted by Zolan2020 > Jul 26, 2021 8:46 PM | Report Abuse

*year


Taeyeon09
211 posts

Posted by Taeyeon09 > Jul 27, 2021 12:35 PM | Report Abuse

Why this shitbee correction more than others, others steel counter minor or still maintain only


Icon 888
123 posts

Posted by Icon 888 > Jul 27, 2021 4:19 PM | Report Abuse

The most undervalue steel stock in Malaysia..high safety margin n growth


Icon 888
123 posts

Posted by Icon 888 > Jul 27, 2021 4:53 PM | Report Abuse

Highest margin- more than 20percent
Highest eps- 20.93
Highest nta- 4.19


soros228
2026 posts

Posted by soros228 > Jul 27, 2021 4:57 PM | Report Abuse

director selling


UnicornP
2318 posts

Posted by UnicornP > Jul 28, 2021 3:31 PM | Report Abuse

Calling bottom ?

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