PublicInvest Research
TECHNICAL BUY - MYCRON (5087)
PublicInvest
Publish date: Mon, 28 Feb 2022, 11:11 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
Description
MYCRON is involved in the manufacture of cold rolled coil (CRC) steel sheets as well as steel tubes and pipes, besides trading of steel related products.
Fundamentals
On the positive side, raw steel price trends have showed signs of stabilisation since mid-Jan 2022. Also, the recent removal of steel tariffs by Western economies in taming inflation, plus the rebound in China post-lunar new year improved regional steel outlook.
Source: PublicInvest Research - 28 Feb 2022
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