Highlights
KLSE: ANNJOO (6556)       ANN JOO RESOURCES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.55   -0.03 (1.90%)  1.55 - 1.57  62,000
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Overview

Market Cap: 838 Million
NOSH: 541 Million
Avg Volume (4 weeks):725,337
4 Weeks Range:1.33 - 1.65
4 Weeks Price Volatility (%):
68.75%
52 Weeks Range:1.15 - 2.25
52 Weeks Price Volatility (%):
36.36%
Average Price Target: 1.26
Price Target Upside/Downside: -0.29

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  28-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  27-Aug-2019
T4Q P/E | EY: 10.29  |  9.72%
T4Q DY | Payout %: 8.96%  |  95.41%
T4Q NAPS | P/NAPS: 2.3573  |  0.66
T4Q NP Margin | ROE: 3.59%  |  6.17%

Headlines

Date Subject
05-Jun-2019 Ann Joo Resources - a Temporary Setback
29-May-2019 Ann Joo Resources Bhd - 3M19 Below Expectation
29-May-2019 Ann Joo Resources - Double whammy of weak selling price, high input cost
29-May-2019 Ann Joo Resources - Hit by Lower ASP and Volume
14-May-2019 Daily Technical Highlights – (YNHPROP, ANNJOO)
18-Apr-2019 安裕资源 2年财测下修
17-Apr-2019 Ann Joo Resources - Risk of Higher Raw Material Price
09-Apr-2019 Trading Stocks - Ann Joo Resources
05-Apr-2019 Building Materials - Hard Hat Area
03-Apr-2019 Stocks on Radar - Ann Joo Resources (6556)
08-Mar-2019 Stocks on Radar - Ann Joo Resources (6556)
01-Mar-2019 Daily Technical Highlights – (PADINI, ANNJOO)
27-Feb-2019 Ann Joo Resources - FY18 Above Expectations
27-Feb-2019 Ann Joo Resources - FY18 core net profit declines 30% YoY
27-Feb-2019 Ann Joo Resources - Boosted by Tax Incentives
25-Feb-2019 Trading Stocks - Ann Joo Resources
24-Feb-2019 安裕资源挑战RM1.58/敏源
02-Feb-2019 ANNJOO STEEL - Why is it in Calvin Tan Research's Investment Radar Now, Calvin Tan
07-Jan-2019 Trading Stocks - Ann Joo Resources
01-Jan-2019 [转贴] [ANN JOO RESOURCES BHD:基础设施和房地产板块的国内钢材需求依然疲软,年终季风期影响正在进行的建筑活动的工作进度,市场干扰目前正在抑制出口市场的钢材价格] - James的股票投资James Share Investing

Business 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.
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  5 people like this.
 
apple168 Does it matter if Annjoo next quarter result good or bad? As the matter of fact, annjoo will be one of the major steel supplier not only ECRL, bandar Malaysia, but also KL-Singapore high speed railway!
05/06/2019 9:00 PM
apple168 Annjoo gaining momentum... feeling sad for those who sold at 1.30+
07/06/2019 6:52 PM
KAQ4468 waaaaaaaaaaaa
10/06/2019 10:15 AM
apple168 Sui!
10/06/2019 11:23 AM
KAQ4468 aiyaaaa suiiiiii

kikikiki
10/06/2019 11:28 AM
KAQ4468 Source : KENANGA, Price Call : SELL, Price Target : 1.15

Source : HLG, Price Call : SELL, Price Target : 1.12

Source : AmInvest, Price Call : SELL, Price Target : 0.97
10/06/2019 11:29 AM
KAQ4468 BUT


Source : kaldai Cindybull , kaldai YKLIEW , kaldai matamatamatamata
Price Call : BUY
Price Target : 3.5




coz they already trapped @ 3.5 since last year


that's why they asking for 3.5




wakakakakakakaka !!!!!
10/06/2019 11:30 AM
apple168 Will annjoo drop to 1.15? Please drop more! We sapu!
10/06/2019 12:07 PM
apple168 Wonderful Annjoo!
10/06/2019 3:40 PM
apple168 Go go go, annjoo
10/06/2019 4:23 PM
KAQ4468 go to where ???
10/06/2019 4:30 PM
apple168 Moving north...
10/06/2019 5:14 PM
apple168 1.48!
10/06/2019 5:17 PM
apple168 Wahahaha...
10/06/2019 5:17 PM
apple168 We taking profits at 1.48/1.49... selling 50% first and keep another 50% and let profits run... good luck...
11/06/2019 12:11 PM
KAQ4468 perghhhhh 1.8 ka ??
12/06/2019 9:19 AM
apple168 Sui!
12/06/2019 11:27 AM
apple168 Sold remaining 25% at 1.50/1.51
12/06/2019 11:28 AM
goldman88 Up or down i don't mind. Planning to accumulate and planning to sell partial. a severely undervalued stock. Book value based on 1st Qr is at 2.45. Currently is half the book value. Hope sentiments just realized is super undervalued.
12/06/2019 12:40 PM
KAQ4468 aiyaaa sui ka ??


kikikiki
12/06/2019 2:04 PM
apple168 In the midst of trade war, can earn 10-15% consider sui...
12/06/2019 3:43 PM
apple168 Don’t tell you that you are chasing annjoo now!?
12/06/2019 4:04 PM
apple168 Ppl taking profit and run liao
12/06/2019 4:04 PM
apple168 Sold remaining 25% annjoo at 1.52
12/06/2019 4:41 PM
goldman88 apple168 been an accumulator from 1.39-1.41 sold partially at 1.51 and planning to ride with nerves of steel.
12/06/2019 7:42 PM
apple168 1.30+ don’t want buy, now only want to chase high.. haha.... I m done with annjoo... money can’t finish earning in the free trade market... I leave the extra profits to those high risk takers who going to sapu at 1.50+...
12/06/2019 9:35 PM
apple168 Sold for my clients at 1.58/1.59/1.60
13/06/2019 4:04 PM
ryanlcc Apa dah jadi...
tiba-tiba ANNJOO getting booster..
SUI arghh!!
Huat arghhh!!
13/06/2019 4:05 PM
KAQ4468 aiyaaaa suiiii lagi ka
13/06/2019 4:05 PM
KAQ4468 1.6 ka


mampus wooo mau tunggu 3.5


kah kah kah
13/06/2019 4:06 PM
apple168 As I expected... haha.., sui,,,
13/06/2019 4:06 PM
apple168 We taking profits first ya...
13/06/2019 4:06 PM
KAQ4468 Post removed. Why?
13/06/2019 4:07 PM
Simon Loh apple168, seems u're selling too early at 1.51
13/06/2019 4:27 PM
apple168 Run Lo...
13/06/2019 4:40 PM
apple168 Crazy ppl still chasing high...
13/06/2019 4:41 PM
apple168 Give high risk taker to take high risk profit
13/06/2019 4:41 PM
apple168 Congrats to those who follow us to buy annjoo at 1.30+! Huat ah!
13/06/2019 6:21 PM
L2earn still useful and valid:-
https://eaglevisioninvest.com/annjoo-steel-why-is-it-in-calvin-tan-researchs-investment-radar-now-calvin-tan/

ANNJOO STEEL – Why is it in Calvin Tan Research’s Investment Radar Now, Calvin Tan
February 3rd, 2019 Calvin Tan Smart Investment

This month is Annjoo Steel. Why Annjoo Steel now of all the Steel Counters in KLSE?

These are some salient factors:

1) ANNJOO STEEL HAS FALLEN TO ATTRACTIVE VALUE OF 44% BELOW NAV

At Rm1.35 with NTA of Rm2.40 Annjoo is now selling at a nice discount of 44% (It was over Rm3.80 at one time). So now Price is down more than 60% from peak and is considered Low & Cheap with Margin of Safety

2) RECENT PROJECTS AWARDED SHOW SOME DEMAND FOR STEEL

The continuation of TRX, The Pan Borneo Highway & the recent over Rm300 Millions job award for MRCB showed demand for long steel products’ Another strong booster will be the restoration of ECRL (East Coast Rail line to Tumpat in Kelantan

3) In Good Times Anjoo pays good dividends

27-Aug-2018 07-Sep-2018 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
23-Feb-2018 19-Apr-2018 DIVIDEND Interim Dividend RM 0.13 Dividend Detail
22-Aug-2017 06-Sep-2017 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
23-Feb-2017 08-May-2017 DIVIDEND Interim Dividend RM 0.09 Dividend Detail

So can expect dividend support if sales continue status quo

4) ANNJOO IS VERY TRANSPARENT

Usual AR will report Top 30 Shareholders. For Annjoo it goes the extra mile to list up to Top 50 Substantial shareholders.

I am happy to note that many Big Foreign Funds are in Top 50 of Annjoo

2 notable ones are Public Mutual Fund & Eastspring Investment Fund
Eastspring in TMakmur which was taken private.

5) POWERFUL EARNINGS PER SHARE (EPS)

Last 4 Qtr total up 32.98 sen
At Rm1.35 Annjoo has a P/E of only 4.09
Now is Annjoo performance sustainable?

6) ANNJOO IS EXPORTING STEEL TO SINGAPORE

According to i3 forum writeup…Among Masteel, Lionind and Southern Steel – Annjoo is the only one that export to Singapore Market
Business 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.

And why is Singapore so important?

7) HUGE DEMAND FROM SINGAPORE FOR ANNJOO STEEL

Construction demand in Singapore to stay strong, reach up to $32b this year: BCA
Total construction demand is expected to be between $27 billion and $32 billion this year.

PUBLISHED JAN 14, 2019, 11:42 AM SGT

SINGAPORE – Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging three-year spell.

Total construction demand, which is the value of construction contracts to be awarded, is expected to be between $27 billion and $32 billion this year, despite additional cooling measures in the private property market and the delay in construction of the high-speed rail between Singapore and Kuala Lumpur last year.Public construction demand, expected to be between $16.5 billion and $19.5 billion this year, is set to make up about 60 per cent of projected demand for the year. An estimated $30.5 billion in contracts was awarded last year, according to the Building and Construction Authority (BCA). This is in line with the agency’s estimate of between $26 billion and $31 billion for last year.

It represents a 23 per cent increase in construction demand compared with the year before, said Mr Zaqy Mohamad, Minister of State for National Development and Manpower, at the BCA-Redas Built Environment and Property Prospects Seminar which was held on Monday (Jan 14) at the Grand Copthorne Waterfront Hotel.

Public sector demand contributed $18.4 billion last year due to projects such as civil engineering works and institutional buildings. Private sector demand was $12.1 billion, supported by projects such as the redevelopment of en-bloc sites, the sales of which were concluded in 2017 and the first half of last year. “We have also encouraged government agencies to parcel out large infrastructure projects to create more opportunities for local firms and to diversify risk,” said Mr Zaqy.
Total construction demand is estimated to be between $27 billion and $34 billion per year for 2020 and 2021, and between $28 billion and $35 billion per year for 2022 to 2023.
13/06/2019 6:29 PM
SC u sure u r following the right person? Calvin is rubbish wor
13/06/2019 6:46 PM
apple168 Why not follow us? Taking profits on annjoo... Haha..
14/06/2019 7:23 AM
ryanlcc Macam good market today..
14/06/2019 8:59 AM
apple168 Lock profits first! Haha!
14/06/2019 9:45 AM
SC locked profit d, at around 1.6... going to inari
14/06/2019 10:00 AM
apple168 Haha.. crazy people wan to chase at such price! Don’t wan but at 1.30... now chase at 1.60+
14/06/2019 10:26 AM
L2earn some people just want to keep longer and construction development still the way to build nation over the years.
16/06/2019 8:41 AM
KAQ4468 Post removed. Why?
16/06/2019 12:41 PM
Jeffreyteck TP1.38.
16/06/2019 4:06 PM
KAQ4468 Post removed. Why?
16/06/2019 8:00 PM
apple168 No share buyback from company despite approved in AGM. Current price too expensive?!
17/06/2019 10:19 AM


 

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