Highlights
KLSE: CHOOBEE (5797)       CHOO BEE METAL INDUSTRIES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.38   0.00 (0.00%)  0.00 - 0.00  0
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 182 Million
NOSH: 132 Million
Avg Volume (4 weeks):8,341
4 Weeks Range:1.32 - 1.51
4 Weeks Price Volatility (%):
91.39%
52 Weeks Range:1.32 - 1.77
52 Weeks Price Volatility (%):
77.97%
Average Price Target: 1.30
Price Target Upside/Downside: -0.08
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  23-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: 13.53  |  7.39%
T4Q DY | Payout %: 4.32%  |  58.40%
T4Q NAPS | P/NAPS: 3.8219  |  0.36
T4Q NP Margin | ROE: 2.74%  |  2.67%

Headlines

Date Subject
24-Aug-2019 聚美Choo Bee能帶动管钢业走向復苏吗?
20-Feb-2019 (Target Invest) - Non Revenue Water Pipe Replacement Project will benefit Choobee further
18-Feb-2019 (Target Invest) - King of Steel - Choobee, Is it undervalue enough for you?

Business Background

Choo Bee Metal Industries Bhd is a Malaysian based company engaged in the processing of steel coils into steel products, fabrication of steel products and trading of hardware products. The firm manufactures steel products for oil and gas application, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The company is organized into trading and manufacturing divisions. Entire revenue from operations of the company is generated in Malaysia.
Analyze this stock with MQ Trader system

  anthonylow likes this.
 
Diamond7 Happy Birthday Koon!
Yes! Tracking behind you....will take your advice. Thanks!
10/01/2018 7:03 PM
Masteel SABAH STEEL GONE UP TO RM3000 per tonne.
29/01/2018 3:07 PM
kokchengkai choobee ,share not much in market...most ppl hold tie tie..
have to make some bonus to add on share in market ..
14/02/2018 3:37 PM
bc8660 Accumulated sone more shares, quite comfortable with company's past few quarter performance and aiming for an stellar results. Coming result should be out very soon. Huah Ah!
21/02/2018 11:34 AM
bc8660 When Choobee result going to announce? Keep waiting waiting....
27/02/2018 4:38 PM
Bluegate Announced already, EPS 12.
27/02/2018 5:22 PM
immortallhs Good result but I haven't buy
27/02/2018 6:23 PM
bc8660 Yes, this what we're expecting. This a net cash company with such atrong performance, let the market to judge it's fair value.
27/02/2018 7:14 PM
vinc3nt haha
28/02/2018 4:07 PM
hollandkingz There are many ways to make money from the stock market. Our famous Mr Ooi Teik Bee strictly follows his FA and TA system and teaches his method.

Mr Fred Tam strictly follow charts and he also teaches his system.

I just look at FA and TA but I do not strictly follow them because I look at the company’s business especially its profit growth prospect.

After I have tried various methods over the years, I have formulated my share selection golden rule which is as follows:

I will start to buy a little when I see the company reported a sudden jump in profit. When I see the company again reported increase profit for another quarter, I will buy more aggressively.

During the Asian Flu epidemic about 7 years ago, the demand for rubber gloves far exceeded supply. All the glove manufacturers were making phenomenal increasing profit every quarter and all their share prices were shooting through the roof.

Among all the glove manufacturers, I selected Supermax which shot up from 95 sen to Rm 6.20 per share within 15 months. During the epidemic, the Health Authorities took extra precaution to prevent the spread of the deadly virus. The use of gloves to handle almost everything was recommended. Temperature X-ray equipment was installed at every airport for every incoming passenger to pass through.

During that period there were so many analyst reports and recommendations and Top Glove was the most highly recommended. But I chose Supermax because it reported losses before the epidemic crisis and the share was selling at 95 sen per share, below par value. Every financial institution and investors must have glove company shares at that time.

The daily turnover for Supermax was more than 10 million shares. As soon as I saw there was no more an X-ray equipment at the airport when I returned from Hong Kong, I called my remisiers to sell all my holdings of Supermax. I managed to sell all my shares within a few days at above Rm 6 per share.

I also follow my share selection golden rule to buy Latitude Tree, VS Industry and Lii Hen and I became the second largest shareholder in Latitude Tree, VS Industry and Lii Hen at one time.

Each of these counters I mentioned above, went up a few hundred per cent within 1 or 2 years.

I was told that my share selection golden rule is unorthodox and it is not written in any text book.

There is an English say “Exception proves the rule. If there is no exception, there is no rule”.

In the case of my purchase of Jaks, I did not follow my share selection golden rule. I also did not follow FA & TA to start buying JAKS. In fact, I remember that I bought 6.8 million shares on 28 February last year when the company reported losses and the chart was dropping like a bomb.

Many people including my closest friends thought I was crazy to buy so many shares when the company just reported heavy losses.

FA and TA do not tell the future performance of the company.

Remember the accounts and financial statements and the price chart do not tell you the future profit growth prospect which is the most powerful catalyst to move share prices.

As an entrepreneur, I could see Jaks will have a tremendous profit growth from its 1,200 MW coal fired power plant in Vietnam. It looks so unbelievable that Jaks with such a small market capitalisation can eventually own 40% of the power plant with the Chinese parties who are responsible for the finance and construction of the power plant.

Jaks and his JV partners are sure of making profit every year for 25 years because the lawyers of the 3 Chinese National Banks must have gone through the power purchase agreement thoroughly to ensure the borrowers can make profit to return the loan. Since the loan of about Rm 7.7 billion is from the Chinese National Banks, the Vietnamese Government must honour the power purchase agreement.

Based on my business sense, I think the Chinese JV partners who are prepared to put in several billion Ringgit to own 60% of the power plant business, it is only logical they will soon want to buy some Jaks shares from the open market. Can you imagine how the share price will shoot?

Readers of I3investors’ comments on Jaks

With good intention, I have written several articles to encourage people to buy the shares. I was so frustrated when I see so many people ridiculed me in i3investor forum earlier. Now after the recommendations of Public Bank and Affin Hwang, I do not see any senseless comments.

Fortunately, just a days ago, Public Bank analyst published a very comprehensive report after his visit of the power plant construction in Hanoi. His target price is Rm 1.75 per share.

Affin Hwang analyst also published his site visit report with a target price of Rm 2.25 per share.

Mr Ooi Teik Bee did not buy Jaks after his site visit because he follows his FA and TA strictly. He does not want to look at its business. He will onl
28/02/2018 11:34 PM
cooling https://www.nst.com.my/business/2018/03/340773/us-tariff-steel-aluminium-imports-will-impact-malaysia#cxrecs_s
04/03/2018 7:52 AM
SmallFish8 Dividend yield and PE look attractive. If not because of the tariff. I think this company look attractive.
12/03/2018 9:52 PM
Jonathan Choi Reply to KYY's point,

If demand for steel rebar is falling, revenue should fall, not profit.
20/03/2018 5:26 PM
happ12 2.30 looks attractive.
28/03/2018 9:58 AM
LowChingHong Excellent!!!
28/03/2018 11:06 AM
happ12 doji candle happen today..any chance reversal ?
05/04/2018 8:09 PM
SincereStock decent result again^^
25/05/2018 5:49 PM
chl1989 yes. good results
25/05/2018 6:31 PM
dompeilee Attending AGM again...for the FIFTH consecutive year =)
https://www.youtube.com/watch?v=VB_vQYiQ5Jw
22/06/2018 8:10 AM
chl1989 any key takeaways?
22/06/2018 4:54 PM
dompeilee Co expects to ride through the construction slowdown quite well.
24/06/2018 8:04 PM
silveryin Will Malaysia Steel company's export to US subject to tariff?
07/07/2018 4:05 AM
chl1989 nope. don't worry..coming quarter will be awesome
16/07/2018 4:39 PM
silveryin Yes. Bonus ex-date announced
16/07/2018 6:26 PM
Lim Tek Wai Climbing, so good
27/07/2018 10:05 AM
chl1989 good q results :)
10/08/2018 9:05 AM
Simple Man good report. tomorrow will fly
14/08/2018 6:27 PM
ming 淡季不淡
14/08/2018 6:32 PM
chl1989 breaking rm2 tomorrow
14/08/2018 8:00 PM
chl1989 undervalued like crap
21/09/2018 5:43 PM
Calvin882 This stock may benefits from the current low steel price
27/09/2018 8:11 AM
thtgadgets12 can buy more
03/10/2018 3:49 PM
chl1989 aduhai
18/10/2018 11:57 AM
dompeilee Bought back some ChooBee @ 1.41 & 1.42 after selling almost half my long-term position @ 2.36 last year.
25/10/2018 2:42 PM
trulyinvest Buy odd again ah? Or 100 units? Wasting comision kikikii
25/10/2018 11:18 PM
targetinvest This steel counter also slowly creeping up
13/02/2019 4:45 PM
targetinvest Have to take note.. very attractive 3 quarter result

1 more quarter and maybe year end eps can hit 30 cents..
13/02/2019 4:46 PM
Dylan Yong Hua Tai Based on TA, ChooBee in uptrend form, just wait and see.
17/02/2019 6:03 PM
targetinvest If price remain the same and wait until quarter result end of the mth, there ia tendency for limit up on qr release since it hapoen before past quarter

From here limit = 2.15

Not bad
18/02/2019 9:03 AM
targetinvest Good news for Choobee to come this year

https://www.theedgemarkets.com/article/govt-reduce-nonrevenue-water-31-percent-end-11mp
19/02/2019 9:18 AM
targetinvest Malaysia minister target to reduce non revenue water, which include changing pipes to steel pipes.
Choobee is one of the supplier and will definitely benefit from this program.

The management in Choobee also highlighted that this year they will do more supplying in water pipe changing in their quarterly report review
19/02/2019 9:20 AM
targetinvest Solid and steady like a rock
19/02/2019 2:40 PM
malayantiger16888 if ECRL is revived, will it benefit 聚美 ? are they providing materials for railway construction ?
20/02/2019 10:39 PM
qqq3 riader....Chobee never reached $4 and now profits collapsed.
18/03/2019 3:05 PM
Bob Fairuz Management should distribute more dividend. At least 50% of EPS =(
08/04/2019 4:50 PM
chonghai http://www.federalgazette.agc.gov.my/outputp/pua_20190508_PUA%20127.pdf
Good News
08/05/2019 9:50 PM
Jonathan Choi hmm cute.
24/05/2019 5:54 PM
dompeilee The famous stock speculator Yeo Seng Chong of Yeoman Capital also has no power to move this undervalued share up...koyak la!

articulars of substantial Securities Holder
Name MR YEO SENG CHONG
Nationality/Country of incorporation Singapore
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 29 May 2019
70,000
Acquired Deemed Interest
13/06/2019 9:25 AM
dompeilee Today, I bought 10 lots of ChooBee @ 1.48 because it's trading under net current assets & its upcoming dividend yield is 3.3% better than FD =)

See whether I have more moving power than Yeoman =)
13/06/2019 6:50 PM
Armada An Quantum Leap Stock In 2019/2020 Why no limit down ?
Qtr performance -70%

Another weird counter alike flbhd pie ...
WHATS THAT IMPLYING ?
26/08/2019 12:29 PM


 

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