Q result is expected to be good, OGPC Group contribution kick in in august this year

jayatiasa~棕油园，17万亩，sarawak最大的木商。扣掉木材棕油7千块一亩，1.2应该是downside risk，棕油刚刚过了7年(10年的高产期)卖给我们半价。，cashflow好，债务高也不怕。

bye bye, gone case

really bye bye to this counter

305 is not broken, rebound lo,I think la, anyway I hold for 3 months, see how, but this counter macam susah to play, control by someone

support is back

Hold until next q result, see how lo, contra sure die one

Don't know le, insider selling I think, but for me it's a very good news, now is steel theme and this company is a lagging behind In term of share price, I will hold on to it

Thought brainless will come out one, lol

I hold hold hold, not easy to wash me out

Hi Major99, now is still under construction, big one I can see from the progress

The project is RM1.8 billion

Eastern Steel Sdn Bhd, is a Joint Venture company between Hiap Teck Venture Berhad (HTVB) and Shougang Group of China with total paid-up capital of Ringgit Malaysia RM 200 million as at 1st August 2012.

Hiap Teck Venture Berhad, was listed on the main board of Bursa Malaysia Securities Berhad on 2nd September 2003, is one of the leading steel company in Malaysia with headquarters in Klang, with 6 factories/warehouses occupying 65 acres of land, HTVB is an organization that driven by its vision and mission dedicated to meet and to satisfy customers’ needs.

Eastern Steel’s foreign partner- Shougang Group of China, was established in the year 1919 in Beijing, China. Shougang is one of the China’s leading steel companies, with its business diversity in Iron and Steel Making, Mining, Machinery, Electronics, Architecture, Real Estate, Services, Overseas Engineering Contracting and Trade. In the year 2011, Shougang was ranked number 325 on Fortune’s Global top 500 companies with total annual revenue of 34.6 billion US Dollars.




Eastern Steel Sdn Bhd’s current 1.8 billion project for 1.5 million MT of production capacity -The Integrated Steel Mill Complex with land size of 1200 acres located in Teluk Kalung, Kemaman, Terengganu, with Blast Furnace Project Plan as part of its upward integration plan which comprises: a Material Handling System, Coke Oven Plant, Sinter Plant, Blast Furnace Plant, Blast Furnace Top Pressure Recovery Turbine (BPRT), Blowing System, Iron Caster and Dry De-dusting system, Converter with Ladle Refining Furnace, Slab Continuous Casting Machine and Oxygen Making System would have an initial annual production capacity of 0.7 million MT of steel slab upon completion of our phase 1, Stage 1 project. Upon overall project completion, being Phase 1 and Phase 2, would have a total annual capacity of about 3 million MT of steel.

As part of Eastern Steel’ pathway in achieving sustainable development, we recognize the key element for our sustainable future is through our employees by retaining the best talent possible. Apart from the Blast Furnace Project Plan in pipeline, Eastern Steel is constructing Staff Quarters with facilities which will accommodate initially up to 2000 employees of Eastern Steel, located conveniently only minutes away from the Integrated Steel Mill Complex. Our strategic involvement in building up partnership with TATI University College and Shougang Institute of Technology (SGIT) offering our undergraduates Comprehensive Courses in the Iron and Steel Making Industry. On top of that, we offer Industrial Training Programme in various business areas aimed at maximizing the potential of our young talents and preparing them to face the huge global challenges.

Eastern Steel is currently undergoing rapid and aggressive expansion. We place sustainability at the heart of our priorities. We are drive by our core values of “Integrity, Excellent and Responsibility”.

It's a huge project

http://www.easternsteel.com.my/project_progress.asp

Luckily announced, if not, blameuse will shoot me kau kau, but never mind, as long as I make money, or better, we all make money

Ann Joo market cap is RM1 billion, Hiap tek is only RM250m, long way to go, RM500m also good enough already

Signed with Angang subsidiary, called Ansteel

lwh888, see how the market react, but definitely is a good news for Hiap Tek

Ann Joo capacity is only 500,000 metric tonnes, this Eastern Steel alone, currently is 700,000 metric tonnes, expected to increase to 1.5 million metric tonnes

Ann Joo Integrated Steel Sdn Bhd (AJIS) incorporated in the year 2007, is primarily engaged in the manufacturing and trading of iron, steel and steel related products. The iron-making plant with an annual capacity of 500,000 metric tonnes is commissioned in year 2011 and consists of a 450m3 Blast Furnace and 75m2 Sinter Plant. It is the first modern Blast Furnace (BF) in Malaysia and is also the first and only in Southeast Asia combining the technology of BF and Electric Arc Furnace (EAF). The hybrid technology via hot metal charging into the EAF enables the manufacturing of high grade and engineering grade steel products of higher purity at a competitive cost besides achieving higher steel output, yield and substantial savings in electricity consumption. Balance of hot metal from BF will be casted into pig iron in the pig iron casting machine for own consumption or sale.

A bit complicated here, those who bought only will read and understand it

HTVB will hold 45.83% of the enlarged share capital of Eastern Steel, Ansteel will hold 50%, Anstell became the tai ko in Eastern Steel, but Eastern Steel will transform from nothing (stop production) to some big player in steel industry of Malaysia

Feel free to share, we are here to make money, we all small retailers must united, don't fight here okay

The strategy is simple, Ansteel has the capacity, technology and human capital. China is over produced, hence, with the Malaysia implementation of anti dumping act, I transfer everything and produce it at Eastern Steel sdn Bhd production facility at Malaysia, with that, I can compete with other big steel company like Ann Joo

Ansteel group operates as one of the top five largest steel mills in China and its annual production capacity is around 40 million metric tons of crude steel with more than 200,000 employess.

Since 1950, Ansteel Group has become the nurseling centre for the steel industry's top management, executives, engineers and skilled steel industry workers in PRC. Up to this date, it has trained and transferred and/or seconded to other domestic steel mills about 30,000 skills steel industry workers.

As of the end of 2013, Ansteel Group had 5524 valid patents and 5193 proprietary technology records and won 11 national scientific and technological progress award

Going to fly like mycron steel

the above is the most important implication

with the participation of Ansteel, the proposed transaction will allow ESSB to resume its production of slabs which was temporarily suspended in October 2015. The proposed transaction could expand ESSB's product range to include the production of hot rolled coil and could potentially increase its production capacity to 1,500,000 metric tonnes per annum

Ansteel is the subsi of angang

let me read first, it might be with subsidiary level

Yes yes yes

share outstanding is big ma for this counter, 1.2 billion

U see the buy is 1 shot 2.5 million at 0.34, the sell at 0.35 is 88 orders, u understand between those big kaki buying and other ignorant retailers or not

I free today, nothing to do, fun also argue with u

lol, I talk with fact here, waste my time argue with u, bye,

wah, brainless, u percaya wa already? finally, belanja minum, very thirsty now

someone just sapu 2.5 million q at 0.34, if not big kaki or insider, who else, retailers buy one shot together meh?

I do a lot of research before I buy okay, take calculated risk, even if the deal is not on, I don't see any big risk here, this is not a PN17 company

Eastern steel want to resume operations with the help of Angang, now steel price is good, of course want to start the operation back, that blast furnace technology, only Eastern Steel and Ann Joo got it at the moments.

ESSB temporarily suspended trial production in October 2015 as a strategy to minimize losses in view of the then depressed market for slabs, soft demand and the increased volatility of the foreign exchange rates.

HTVB’s 55%-owned jointly-controlled entity, ESSB, is principally engaged in the operation of a blast furnace, and production and sale of steel slabs with an annual production capacity of 700,000 mt.

wah, u talk like got 100% in share market, if got such things, I sell my wife and sell my kids to hentam this counter already

walau, how I know wo? I am not the management

but anything can happen, don't blame me ya

just saw, 1 order buy of 1.5 million at 33.5 cents. That is RM500k. Retailer can buy like this ?

I mean the big kaki collected enough is a wild guess, but on the deal side, I have 3 reliable sources said that the deal is on, of course I am buying and tell everyone tell to buy, that's all my intention, win win together, I don't feel happy if others lose money, it will not make me richer

lol, wild guess, I have 3 sources said that the deal is on, but anything can happen

Big kaki collected enough d, maybe, just a wild guess

sudah mari, can see is big kaki sapu, not those small retailers buying