Steel demand in Malaysia for 1H 2017 declined by 7.7% y-o-y was mainly due to a slowdown in demand for long products. The steel demand in Malaysia is expected to recover in the second half of the year and register a positive growth rate supported by the country’s strong economic growth. Malaysia economy grew at a faster pace of 6.2% in the third quarter of 2017 compared to 5.8% in the second quarter of 2017. The stronger pace of growth was propelled by both sustained domestic demand and improved external sector. Higher economic activities in the services, manufacturing and agriculture sectors were the key engines that drove the economy in the third quarter. The construction sector again will be the main driver in boosting the steel consumption in Malaysia. The construction sector is expected to grow 8% in 2017 and forecast to post a robust growth for the next three years, as more government infrastructure projects are to be implemented as announced in the 11th Malaysian Plan (2016 to 2020) and Budget 2017. Among key infrastructure projects are the East Coast Rail Line (ECRL), the Kuala Lumpur-Singapore High-Speed Rail (HSR), Mass Rapid Transit Line 2 and 3 (MRT), Light Rail Transit Line 2 and 3 (LRT), the Pan Borneo Highway, the Merdeka PNB 118 skyscraper, and the Refinery and Petrochemicals Integrated Development project in Johor. The continuing efforts by Chinese Government and its plans to cut production capacity will help stabilise the world steel prices which will definitely benefit the local steel industry players. The Group remains positive on the outlook of steel industry with the above essential drivers. The Group is committed to continuous improvement on productivity and technical competency while expanding its products range, and will also focus on procurement and pricing strategies as well as working capital management to drive its costs leadership in the sector.
Aiyo, steel price of cos naik turun everyday. See the steel chart shown uptrend mode. 而且,steel 上/跌 盈利不大受影响。why? 上的话,盈利就稍微提升。 下跌的话,盈利就稍微减少。 整体而言,盈利被SUSTAIN.
Swap from this pitifully scunning counter to Steel player eg. Annjoo / Ssteel / Lionind / Masteel Can long fir another 1-2 years.
13/12/2017 12:36
hahaha... why venfx and deMusangking come to anzo barking and screw up everyone and promote his stock? shame on VenFx and deMusangking , gets stuck at others stock. make use of anzo investors to save them. we can see their motive now, what a low class investors, really low class investors. what a shame
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
vinc3nt
407 posts
Posted by vinc3nt > 2017-12-14 20:33 | Report Abuse
collected too much @ 1.7, now no money topup...
haiz miss the chance