Looking forward to break 40 to all time high soon.

Today Sin Chew newspaper mentioned. Every 1% increase in MYR against USD, brings 3% increase in profit for Annjoo due to raw material is priced in USD.

This is definitely a gem.

Crucial support broken?

Waited for so long. Finally today manage to start positioning on Annjoo at 3.47-3.52, bought 40% first.

Can anyone tell on the amount of current order book to be completed by when? Appreciated.

Moving to mainboard at end of this month?

Wow 38 million profit!

The operating environment for the steel business for the next quarter is expected to remain positive in view of the lower imports and the gradual increase in the domestic demand for steel products from the present increased implementation of the infrastructure projects in the country.

27.79 million profit. EPS 4.08

@leo

Thanks for your sharing.

Can anyone who attend to AGM, update over here on the progress later? Cheers.

Thanks for the write up. Very informative

So pity you, force. Wanted to buy since 1.10+ until now 1.66 you still didn't get it.

BullRunComing When I see " Force " coming and badmouth, I'll be happy. Whenever he bad mouth then price gone up.
04/11/2017 13:55

I find myself more accurate than fortune teller now. Hahaha

Price is not running ahead result, especially even before the last quarter excellent result. Downside is limited, that's why price can always be supported at around 1.77-1.80.

I expect this quarter will achieve higher yoy eps.

surprisingly bad result. Most likely to gap down.

The Group today announced its new wins of RM180million which include 13 gantry structures project in Doha; a mixed-use development project which comprises of commercial, retail cultural and entertainment areas in Doha; a bank headquarters building in Dubai; as well as jackets for Saipem in the Kingdom of Saudi Arabia.

With the winning of the Saudi Aramco project, Eversendai brings its total project wins up to RM1.56billion to-date for the year 2017, while its order book stands at approximately RM2.3billion.

Thanks for Mr. Man Kit.

https://www.facebook.com/photo.php?fbid=10155044518608317&set=gm.530124917346531&type=3&theater&ifg=1

Yes very common case. Soon you'll see them upgrading target price when price goes up.

Mr. Ooi,

May I know your view on semicon/ems sector view? Do you think the share price has reached the maturity stage, in other words limited growth.

Still very far. Just continue holding. Growth share is meant to hold long.

BullRunComing When I see " Force " coming and badmouth, I'll be happy. Whenever he bad mouth then price gone up.
04/11/2017 13:55

I am right again this time.

I pity you la force. Wanted to buy lionind since 1.1X, keep cursing down to buy but didn't happen.
Thanks for reminding parkson, that boosted my confidence since impairment loss is done, parkson share price going up, china sales is doing good and better.

Still wish you good luck, hope this round you will be able to gain, cheers!

Is anyone here attending this Wednesday?

When I see " Force " coming and badmouth, I'll be happy. Whenever he bad mouth then price gone up.

Bro edward, thanks for the clarification!

Thanks edward.

Just wondering why southern always no stock. Is it due to FIFO or memang no production?

@geoffrey

Doesn't matter. It uses exercise price.

Gtronic just release q3 result. YoY 57% increased.

YoY 57% increase.

This is really a very interesting share. However, due to its volatility, I will just stay away.

Above average volume and price is moving.

Airasia keep disposing businesses and distribute high dividend, seem to be great for shareholder.
Come to the risk point, selling business for dividend cannot sustain constant dividend payout in mid/long run. Besides, businesses that contribute revenue are being sold, does it also mean the revenue will be decreased in the future?
Where are the disposal gain going to be investing on after deducting the amount of dividend payout, a more efficient business to contribute higher growth?

Group operation sold for 372 million and expect to be realized by Q4 17.
Any idea will AirAsia continue to payout 24 cent DPS from the disposal income?

Let's hope budget 2018 will bring extra tax incentive and limit 30% steel from local provider.

@edward

Thanks Edward. Seem like amsteel's production has increase, always got sufficient stock.

@henry you are welcome.

Good sign of short term rebounding, let's see if tomorrow can break the resistance with volume. Less than a month to the releasing of next QR, price should start moving soon.

Not so quick. Transfer will be done probably on January 2018.

Sub-shareholder transacted at 3.28 pm? 1 million share transacted at RM 6.90.

All holding for associated companies remained the same, except Parkson Holdings Berhad increased to 28% from 23%.

Our Johor plant resumed operation in September 2017 quarter. We will also resume our operation in Banting plant should market conditions continue to improve. The local steel demand is expected to pick up in the next financial year as infrastructure and mega projects are in progressively upward trend.

The group will stay vigilant and responsive to market changes and continue with its efforts to improve operating performance and thus the Group's businesses in the next financial year are anticipated to remain satisfactory.

- Chairman

Anybody will attend the AGM on 23 Nov?

It is good to continue holding as impairment loss has already done written in book and I suppose for Parkson's revenue part, the worst has gone.

Direct holding via LIONIND = 6.25%
Holding via Amsteel = 16.21%
Total = 22.46%

Correct me if I am wrong or there is any other holding via subsidiaries.

Nobody has obligation and he is not paid for this write-up. I see this as an analysis and learning rather than a promoting.

Annual report probably releases on next week but doesn't matter much. Yes, should be 23 or 24 Nov.

Director Mr Tan again bought 40,000 shares at RM 1.81 on 20th Oct.

All steel companies are quiet now. No news to simulate share price. Just patiently wait for next month.