Highlights
KLSE: ANNJOO (6556)       ANN JOO RESOURCES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.55   -0.01 (0.64%)  1.55 - 1.57  178,000
Analyze this stock with MQ Trader system

Price Target

Date Open Price Target Price Upside/Downside Price Call Source
05/07/2019 1.59 0.87 -0.72 (45.28%) SELL AmInvest
05/06/2019 1.41 1.34 -0.07 (4.96%) HOLD MAYBANK
29/05/2019 1.42 1.15 -0.27 (19.01%) SELL KENANGA
29/05/2019 1.42 1.12 -0.30 (21.13%) SELL HLG
29/05/2019 1.42 0.97 -0.45 (31.69%) SELL AmInvest
17/04/2019 1.77 1.41 -0.36 (20.34%) SELL HLG
27/02/2019 1.50 1.25 -0.25 (16.67%) SELL KENANGA
27/02/2019 1.50 1.53 +0.03 (2.00%) HOLD HLG
27/02/2019 1.50 1.32 -0.18 (12.00%) HOLD AmInvest

View Price Target Detail
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  5 people like this.
 
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
Jeffreyteck Genting bought back at above $5, then above $4, now is only traded around $3.20. May be only management know why they buy back, hopefully not from those with essos.
17/06/2019 4:32 PM
apple168 Jeffrey, guess you bought annjoo at 1.6 and above! We took profits first as we expect price correction happening till management starts share buyback to show confidence in annjoo.
17/06/2019 5:09 PM
kkchoo79 A lot of ppl post a comment try to influence you. Pls make your own choise. If not, will regret later.
17/06/2019 8:28 PM
apple168 Many IB give annjoo TP of 1.20-1.30, on average 1.26. Good Luck!
17/06/2019 8:56 PM
apple168 http://www.alliancesteel.com.my/articleList_6_1.html
17/06/2019 8:59 PM
Jeffreyteck Already sold 1.59. Small profit. Apple, TQ.
17/06/2019 10:44 PM
L2earn apple168 http://www.alliancesteel.com.my/articleList_6_1.html
17/06/2019 8:59 PM

Apple, you started to beat Annjoo to death? :-)
18/06/2019 12:24 AM
apple168 http://www.enanyang.my/?p=1243429
18/06/2019 7:31 AM
apple168 http://www.enanyang.my/?p=1243429
18/06/2019 7:32 AM
apple168 Our KL counterparts giving us a detailed report on steel market in Malaysia. Points are NOT looking good on annjoo. Good Luck!
18/06/2019 7:33 AM
GRACE1966 Cost of raw materials upward.
18/06/2019 11:29 AM
GRACE1966 Next Q2 is bad according the market trends.
18/06/2019 11:30 AM
GRACE1966 TP is 80 sen from now.
18/06/2019 11:31 AM
ppginvest TP 80sen, it's a good news!
18/06/2019 12:04 PM
apple168 #钢铁股
#AllianceSteel

一年350万吨的长钢产量,真的没有很多,只不过是西马一年需求的三分之一,重点是人家的生产成本远远便宜过我们的龙头大哥Annjoo,新一轮价格战在所难免。

对了,这是以大选前的钢铁需求量(一年大约1000万吨)计算,现在楼市供过于求、基建工程被政府大砍特砍,钢铁使用量肯定有减无增。

炒完洋灰炒钢铁?祝你好运!

— Dave Chong
18/06/2019 12:49 PM
apple168 We are sharing unselfishly...
Final decision to buy or sell is always yours!
18/06/2019 7:34 PM
Jerichomy You are right, it is confirmed everybody should avoid all steel counters cox masteel and southern also looks bad in other forum
18/06/2019 11:36 PM
Jerichomy Publicinvest promoto buy on ssteel, pls sell coz the traders in public invest are selling their shares to us so that we chak sei kai...eat dead chicken meaning
18/06/2019 11:43 PM
Jerichomy If u dont believe, pls read their forum
18/06/2019 11:43 PM
calvintaneng Posted by L2earn > Jun 13, 2019 6:29 PM | Report Abuse

still useful and valid:-
https://eaglevisioninvest.com/annjoo-steel-why-is-it-in-calvin-tan-res...

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.

ANNJOO STEEL IS GOOD WHEN THERE WAS NO ECRL OR BANDAR MALAYSIA AS ANNJOO EXPORTS STEEL TO SINGAPORE

WITH THE RESTORATION OF ECERL 688KM AND BANDAR MALAYSIA THE WIND OF CHANGE MIGHT NOW BLOW IN MASTEEL DIRECTION AS MASTEEL IS NEAREST TO KLANG PART OF ECRL AND ALSO ITS PJ FACTORY NOT FAR FROM BANDAR MALAYSIA

SO AFTER ANNJOO GO FOR MASTEEL

ANOTHER REASON IS HIGH COST OF RAW MATERIAL DUE TO VALUE FLOODING IN ITS IRON ORE MINES

AND MASTEEL WISELY USE SCRAP IRON FOR PRODUCTION WHICH WAS A GOOD MOVE

AFTER CEMENT PRICE RISE = LONG STEEL COMPANIES WILL ALSO ASK FOR A PRICE RISE SOON
18/06/2019 11:45 PM
Jerichomy Pls don’t listen to Calvin becoz he is crap as other ppl in other forum
18/06/2019 11:55 PM
Jerichomy Pls check masteel forum on Him!!
18/06/2019 11:55 PM
Jerichomy It means that they make profit on behalf on us so pls Don’t buy steel counter. everybody. Pls Don’t lose money like me
18/06/2019 11:57 PM
Jerichomy I mean public invest and the rest of the big boy
18/06/2019 11:58 PM
apple168 We ran before the big fat boys
19/06/2019 1:50 PM
Jerichomy Ur smart, apple168 and at least you are telling the truth better than some ppl lying and also willing to be cheated by the big boys
19/06/2019 10:16 PM
Jerichomy Plus trump game and federal reserve game coming soon...sure lau sai...i am jealous of you, apple168
19/06/2019 10:17 PM
Jerichomy WongKuok Guys, when you see Calvin, please run
18/06/2019 1:49 PM

WongKuok Calvin promoted Velesto at 0.31 now 0.28,
T7global at 0.53 now 0.41
Uzma at 0.9 now 0.63!!!
18/06/2019 1:50 PM

WongKuok Now he promoting masteel expecting to drop below 0.45
19/06/2019 11:03 PM
Jerichomy Gtrade MASTEEL rebound from 35c to 60c. Uptrend over., will need to consolidate b4 next push. may be lower low and lower low.
18/06/2019 4:39 PM

Gtrade when you see a small boy going round telling you he found gold nuggets near river bank behind his house, RUN FOR YOUR LIFE
18/06/2019 4:45 PM

tamp0i Offloaded when I see promoter is in here..
18/06/2019 5:37 PM
20/06/2019 7:16 AM
kelvin there is 1 retard name calvintaneng that everyday bash those counter that go up is a trap, in fact all his call like t7, destini, talam all holland and trap his followers like mad

BEWARE guys, ASB will be added to the list after t7, destini and talam
20/06/2019 9:35 AM
Jerichomy Aiyoh, calvin start promoting himself in masteel, beh tahan
20/06/2019 9:05 PM
Jerichomy Do you know stupid calvin also caused UZMA share price come down. Really stupid and everybody at UZMA is scolding him.
22/06/2019 8:21 AM
Jerichomy MASTEEL and UZMA same trend Now
22/06/2019 8:22 AM
apple168 http://www.enanyang.my/?p=1246216
23/06/2019 4:08 PM
GRACE1966 You used same logo as calvin eagle. Name also same You start with a K but my friend is "C" mean clever,
27/06/2019 10:18 AM
Jeffreyteck Quite unlikely the June Q result is better than last year yoy. TP1.45
01/07/2019 8:49 AM
GRACE1966 June Q is terrible bad for karnina Ann Joo, there is hardly any increase demand for steel production.
02/07/2019 10:57 PM
Jeffreyteck Selling Treasury shares? Odd.
03/07/2019 8:40 AM
kkchoo79 TP0.87?? HMLC
05/07/2019 8:37 PM
Goodtimes Kkchoo, may we know HMLC means? Take.
12/07/2019 4:13 PM


 

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