Posted by OTB > 2021-06-14 08:47 | Report Abuse

Posted by Sslee > Jun 13, 2021 6:26 PM | Report Abuse

U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will provide a transparent infrastructure partnership to help narrow the $40 trillion needed by developing nations by 2035, the White House said.

So all building material price will increase so are many commodities price due to every country printing more money.

Posted by skyjet > 2021-06-15 12:17 | Report Abuse

Steel price increase significantly again.

https://www.investing.com/commodities/ncdex-steel-futures

Steel stocks will almost definitely to fly higher and higher.

Posted by skyjet > 2021-06-15 16:24 | Report Abuse

China steel price big up. Buy steel stock.
http://www.sunsirs.com/uk/prodetail-961.html

Posted by morganlee > 2021-06-15 16:40 | Report Abuse

is steel counter entering into a super bull trend starting from next week onwards?

Posted by brian3381 > 2021-06-16 17:14 | Report Abuse

press kuat kuat…..

Posted by SincereStock > 2021-06-16 18:52 | Report Abuse

what happen?

Posted by Ogopogo > 2021-06-16 19:54 | Report Abuse

https://www.klsescreener.com/v2/news/view/841995

Posted by Ogopogo > 2021-06-16 19:56 | Report Abuse

China will release national reserves of copper, aluminium and zinc in batches in near term in response to the government's requirement of stabilising commodity prices, the National Food and Strategic Reserves Administration said on Wednesday.

Posted by Ogopogo > 2021-06-16 19:57 | Report Abuse

So...usual panic lah

Posted by SincereStock > 2021-06-16 21:19 | Report Abuse

@ogopogo thanks

Posted by SinbaLion > 2021-06-17 09:51 | Report Abuse

sweet~ back to support.... accumulate again!.Choobee has strong fundamental compare to other similar counter... my 2 cent, as hard as China try to stable down the price, the commodity price in general would still be on the rise. The damage has been done by many countries flooding the market with free money amid the pandemic. It was a necessary short term act to save own country citizen livelihood, but it's a cost that the country need to pay in long term.

Posted by excelyou > 2021-06-17 09:57 | Report Abuse

Waiting

Posted by Invest_888 > 2021-06-18 09:46 | Report Abuse

Almost all steel stocks will rebound soon, oversold.

Posted by SincereStock > 2021-06-18 22:17 | Report Abuse

just now at closing cut queue average down at Rm1.95 haha, NTA 4.19, PE 5.94, Cash balance more than total liabilities ah, NTA clean clean all asset and cash!!

already plan my next average down price, hope can average down again hehe

Posted by Ais Milo > 2021-06-21 14:19 | Report Abuse

bak to buy in point.. should hold or protect cost?

Posted by Mrspeaker > 2021-06-21 18:09 | Report Abuse

a dragonfly doji today, brighter days ahead :)

Posted by Invest_888 > 2021-06-22 09:23 | Report Abuse

China steel listed companies profit grown explosively, share price up crazily.

https://cn.investing.com/analysis/article-200464982

Malaysia steel companies are totally oversold.

Posted by sten_still > 2021-06-23 12:22 | Report Abuse

collect mode

Posted by Alright21 > 2021-06-25 15:56 | Report Abuse

Keep on falling...what had happened??

Posted by Hui_k_c > 2021-06-26 16:21 | Report Abuse

waiting for political stable.

Posted by SEE_Research > 2021-06-27 15:50 | Report Abuse

https://klse.i3investor.com/blogs/see_research/2021-06-27-story-h1567059317-NOW_SHOWING_The_Trilogy_of_FAST_FURIOUS_Shows_PART_11_3_M_means_MONEY_B.jsp

Posted by clouud1234 > 2021-06-28 01:33 | Report Abuse

Gogogogo

Posted by petnch2020 > 2021-07-15 16:10 | Report Abuse

Investors are worried for the steel companies due to the fact that they are not allowed to operate in the 1st phase of National Recovery Plan (NRP).

That being said, Choo Bee is slightly different from the other steel players. For one, its mains operation is actually located in Perak, in Lahat (near Ipoh) to be precise. The other 3 main locations are Ulu Kinta (also in Perak), Tuaran (Sabah) and Kapar (Selangor).

Only the warehouse in Selangor are not operating at the moment. The other locations should have already started operations given that both Perak and Sabah has already enter the 2nd Phase of NRP (steel companies are allowed to operate in Phase 2).

Like all steel players, Choo Bee valuation is undemanding both in terms of PE and PB. For 1Q21 the company managed to deliver a profit of RM27mil. Assuming a profit of RM87mil (or average RM20mil per quarter for the rest of 2021), the current market price would translate to a PE of a mere 2.6x.

In terms of PB it is only trading at 0.45x with no debt in its book. It has a net cash of around RM100mil or RM0.77 per share with steady cash flow generation from operation every year.

I just think that the company is too cheap at the moment for market to ignore.

Posted by yewyin33 > 2021-07-16 11:24 | Report Abuse

Only time can tell who is right and who is wrong. MCO is affecting the movement of everybody and listed companies. That is why I have cashed out of the stock market. Covid 19 cases in Malaysia is still surging. Many experts predicted that the pandemic will not be fully under control for at least 1 or more years. As a result, almost all the listed companies will not be able to report increased profit in the next few quarters. Some of them will report losses.

As an investor, I want to make sure my decision to cash out from the stock is right or buy back shares which are on cheap sale. I just rang Leon Fuat tel 03-33753333, Hiap Teck tel 03-33778888 and Choo Bee tel 03-32918822 and I found out that all these companies are close for business. As a result, all these companies will report reduced profit in the next few quarters. I will not be surprised if some steel companies report losses. Whether you buy or sell does not affect my pocket because I have sold all my shares. Good luck to all my critics for keep buying shares.
Koon Yew Yin

Posted by petnch2020 > 2021-07-16 14:12 | Report Abuse

The Selangor region office is for sure closed as Selangor is still under EMCO. But the company's main operation center near ipoh and regional operation in Tuaran (Sabah) would most likely have already restarted operation as both Perak and Sabah have already entered the 2nd phase of the National Recovery Plan.

https://choobee.com/contact-us/

Posted by kevin008 > 2021-07-17 06:23 | Report Abuse

Choo bee factory and business located at ipoh perak n Sabah .Phase Two of National Recovery Plan which mean allow steel company to operate. U can refer to the page 118-120 to see all the address.

Posted by kevin008 > 2021-07-17 06:28 | Report Abuse

Page 118-120 of 2020 annual report

Posted by Yong Meng > 2021-07-18 10:18 | Report Abuse

https://menginvestlife.blogspot.com/2021/07/050.html 050 - 钢铁行业状况

Posted by ahbah > 2021-07-18 10:27 | Report Abuse

Add some.

Posted by siawhui > 2021-07-19 10:23 | Report Abuse

Buy n hold sure win .... Cash rich and low valuation company

Posted by akmalrizal786 > 2021-07-19 10:51 | Report Abuse

today LU

Posted by gemfinder > 2021-07-19 11:03 | Report Abuse

mayb bonus isue

Posted by akmalrizal786 > 2021-07-19 11:48 | Report Abuse

ssh tembus 2.20

Posted by akmalrizal786 > 2021-07-19 15:37 | Report Abuse

runnnn

Posted by Hui_k_c > 2021-07-19 19:41 | Report Abuse

Good luck to all of you. I sold to-day due to MCO not being lifted.

Posted by shwong > 2021-07-19 21:27 | Report Abuse

Choo Bee factories under 2nd phase MCO. Operate as usual!!!

Posted by kelvin61 > 2021-07-20 01:11 | Report Abuse

One of the most well managed steel stock in Bursa. Cash rich and due for bonus issue anytime. With bumper profits this year, there is a possibility the owners may reward loyal shareholders with bonus shares and even warrants, cheers.

Posted by Bgt 9963 > 2021-07-20 08:34 |

Post removed.Why?

Posted by OTB > 2021-07-22 23:16 | Report Abuse

Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.

Posted by kelvin61 > 2021-07-23 15:01 | Report Abuse

@ OTB. Agreed, cheers.

Posted by akmalrizal786 > 2021-07-23 19:08 | Report Abuse

after dividen price akan turun so sauk time tu

Posted by Zolan2020 > 2021-07-26 20:46 | Report Abuse

chill... only normal correction. not huge dump. unless world market meltdown. waiting to buy back later. in general, all commodity will perform well forfew uear. imo

Posted by Zolan2020 > 2021-07-26 20:46 | Report Abuse

*year

Posted by Taeyeon09 > 2021-07-27 12:35 | Report Abuse

Why this shitbee correction more than others, others steel counter minor or still maintain only

Posted by Icon 888 > 2021-07-27 16:19 | Report Abuse

The most undervalue steel stock in Malaysia..high safety margin n growth

Posted by Icon 888 > 2021-07-27 16:53 | Report Abuse

Highest margin- more than 20percent
Highest eps- 20.93
Highest nta- 4.19

Posted by soros228 > 2021-07-27 16:57 | Report Abuse

director selling

Posted by UnicornP > 2021-07-28 15:31 | Report Abuse

Calling bottom ?

Posted by Zolan2020 > 2021-07-30 23:20 | Report Abuse

seem so... sapu a bit. next week could go up

Posted by Icon 888 > 2021-08-01 05:54 | Report Abuse

China export tax increase again after mei.. steel price increase to 5745 now