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Last Price


Today's Change

+0.04 (3.48%)

Day's Change

1.15 - 1.20

Trading Volume


5 people like this.

8,587 comment(s). Last comment by enlistcapital 2 days ago

Posted by ValueInvestor888 > 2022-03-02 15:16 | Report Abuse

The stock market is forward-looking as it places more emphasis on what is expected to happen in the future, not the past..


1,395 posts

Posted by Primeinvestor > 2022-03-03 14:58 | Report Abuse

kenanga useless, dont even know how to see.. HRC 5250 now


294 posts

Posted by DrSteel > 2022-03-08 21:48 | Report Abuse

Latest Price (RM/MT) from MSI

Iron Ore: RM 615.93
Scrap: RM 2,216 - RM 2,610
Billet: RM 3,000 - RM 3,100
Rebar: RM 3,200- RM3,350
Steel Wire Rod: RM 3,350 - RM3,450

Billet price had sky rocketed from RM 2600 just a week earlier!


294 posts

Posted by DrSteel > 2022-03-10 22:42 | Report Abuse

Sanctions on Russia to push Philippines to buy more SE Asia steel billet, sources say

Far East Russia-origin 125mm 5sp billet was heard offered at $720-725 per tonne cfr Manila at the start of this week with bids as high as $705 per tonne cfr, but sources said they did not believe this offer was still in the market by the end of the week, following the Russian invasion of Ukraine on Thursday.

Malaysia-origin 5sp blast furnace (BF) billet was heard to be offered by traders at $720-725 per tonne cfr Manila on Friday, with bids heard at $705-710 per tonne cfr for such material.

Posted by Bennychua007 > 2022-03-11 16:16 | Report Abuse

No one looking for steel


294 posts

Posted by DrSteel > 2022-03-13 14:41 | Report Abuse

The price of steel billet in the global market increased to around US$800 per tonne, up from $650 per tonne, in just one week, said Pravit Horungruang, a committee member of the EAF Long Product Steel Producers Association.


1,074 posts

Posted by awesome20 > 2022-03-13 14:46 | Report Abuse

52w h at 3.18
if manage to book 50% also good
swing mode ONNNNNNN


294 posts

Posted by DrSteel > 2022-03-13 18:21 | Report Abuse

Japan's rebar prices climb to 13 years high

By Monday morning, deals for SD295A 16-25mm rebar in Tokyo were being transacted at Yen 100,000-102,000/t, up Yen 2,000/t on week and Yen 4,000/t on month respectively, and some buyers have already started paying Yen 103,000/t, sources confirmed. This has been the first time for Japanese rebar prices to reach above Yen 100,000/t since October 2008.

Thats more than 5,400 Chinese Yuan!


294 posts

Posted by DrSteel > 2022-03-19 23:21 | Report Abuse

Live updates: Big steel plant 'being destroyed' in Mariupol

In the besieged port city of Mariupol, Ukrainian and Russian forces are fighting for the Azovstal steel plant, one of the biggest in Europe, said Vadym Denysenko, an adviser to Ukraine's interior minister, in televised remarks on Saturday.

"Now there is a fight for Azovstal. … I can say that we have lost this economic giant. In fact, one of the largest metallurgical plants in Europe is actually being destroyed," Denysenko said.

Posted by ValueInvestor888 > 2022-03-21 10:56 | Report Abuse

local steel stock price cannot move...
It is because steel is too common and many producers around with big capacity esp China and India.... or due to raw materials also increased a lot? or

Personally l like specialty commodity producers in Msia like Pmetal, PMBTech and MSC...


2,524 posts

Posted by Jerichomy > 2022-03-22 16:49 | Report Abuse

Tech theme now. Buy tech

Posted by wongkl0307 > 2022-03-24 11:50 | Report Abuse

jerichomy, yes tech theme but not now la... waiting for pullback to enter


294 posts

Posted by DrSteel > 2022-03-30 22:27 | Report Abuse

Latest Price (RM/MT)

Iron Ore RM 620.34
Scrap RM 2,553 – RM 2,738
Billet RM 3,200 – RM 3,300
Rebar RM 3,450- RM3,600
Steel Wire Rod RM 3,500 – RM3,600


294 posts

Posted by DrSteel > 2022-04-16 15:37 | Report Abuse

Infrastructure approvals hit 70% of last year’s total

BEIJING: China’s government has given the green light to investment in projects that’s worth nearly 70% of what was allowed for the whole of last year, another sign that Beijing is accelerating infrastructure spending to bolster an economy hit hard by Covid-19.


10,982 posts

Posted by dompeilee > 2022-04-19 07:53 | Report Abuse

Bought AnnJoo yesterday for the dividend.


10,982 posts

Posted by dompeilee > 2022-04-20 10:15 | Report Abuse

1.89...nice =)


5,960 posts

Posted by imvu > 2022-04-20 10:17 | Report Abuse

limit up ?


5,960 posts

Posted by imvu > 2022-04-20 10:18 | Report Abuse



5,960 posts

Posted by imvu > 2022-04-20 10:20 | Report Abuse

breakout 1.900 limit up


5,960 posts

Posted by imvu > 2022-04-20 10:36 | Report Abuse

berehat sejap dekat 1.900 / 1.910 , sebelum pump pom pump


5,960 posts

Posted by imvu > 2022-04-20 10:37 | Report Abuse

sekarang 1.920 , sudah pump atas 1.910 , breakout sideways gap up limit up billionaire


5,960 posts

Posted by imvu > 2022-04-20 10:38 | Report Abuse

menyelit dekat kaunter yang jerung sedang pump , tp atas 2.000


10,982 posts

Posted by dompeilee > 2022-04-20 10:47 | Report Abuse

1.95 =D

Posted by learnbyheart > 2022-04-22 11:30 | Report Abuse

sailang now for dividend

Posted by VincentTang > 2022-04-25 10:28 | Report Abuse

China steel price collapse

Posted by VincentTang > 2022-04-26 16:02 | Report Abuse

US market going to collapse. Sell on May effect start. Sell all your stocks and keep more cash.


289 posts

Posted by klkk > 2022-04-27 10:04 | Report Abuse

Reminder: tomorrow is exdate for the 6 Sen dividend.


41 posts

Posted by Collin59 > 2022-04-27 10:07 | Report Abuse

buy back saham , sold all bitcoin crypto bitcoin ggggggg looooo


118 posts

Posted by yong1985cm > 2 months ago | Report Abuse

y today dropped so much?


118 posts

Posted by yong1985cm > 2 months ago | Report Abuse

any1 realised the average selling price of the rebar start dropping.

Posted by learnbyheart > 2 months ago | Report Abuse

dividend received..thank you annjoo

Posted by learnbyheart > 2 months ago | Report Abuse

what happen to this counter?..macam takde maruah


118 posts

Posted by yong1985cm > 2 months ago | Report Abuse

annjoo is in down trend from both TA and FA. the high raw material cost (iron ore, scrap metal, coke coal) no longer can fetch higher ASP. meaning net profit margin going to be slowly reduce until Nil/-ve.


1,008 posts

Posted by king36 > 1 month ago | Report Abuse

Yes, Recession is glaring due to USA's senile President causing disturbance everywhere.
Wonder how low would ANNJOO go?


69 posts

Posted by kingJ > 1 month ago | Report Abuse

No worries, cost goes up, selling price also will be adjusted upward


5,263 posts

Posted by yfchong > 1 month ago | Report Abuse


Posted by ironstockhunter > 1 month ago | Report Abuse

0.7 - 0.8 is more realistic

Posted by supersinginvestor > 4 weeks ago | Report Abuse

70 sen i buy

Posted by VincentTang > 3 weeks ago | Report Abuse

China steel price drop 4.11% today.

Michael Kwok

4,249 posts

Posted by Michael Kwok > 2 weeks ago | Report Abuse

Buy call ann joo 1.00-rm 1.02.Cut loss by 6 percent or more.
Potential:rm 1.20 above
Time:21/7/2022 12.10 am.


5,960 posts

Posted by imvu > 2 weeks ago | Report Abuse

hari ni hijau ?

Michael Kwok

4,249 posts

Posted by Michael Kwok > 2 weeks ago | Report Abuse

3 as below;
I)teach some
II)shares review every one or 2 weeks
III)share recommendation or ask to buy or sell share u have.

Sifu Michael(with ang pow picture) in FB.
Charging rm 150 only.
Free one book if stay four month


932 posts

Posted by kl_guy > 1 week ago | Report Abuse

annjoo 1stresistance at rm1.44. 2nd resistance at rm1.60.
So can easily hit rm1.40 problem

Posted by VincentTang > 1 week ago | Report Abuse

Steel price drop today.


6,405 posts

Posted by Superb99 > 6 days ago | Report Abuse

1 day show stock..too bad

Posted by enlistcapital > 2 days ago | Report Abuse

One Up on Malaysia’s Steel Industry

While there are many well-intentioned contents published on stock forums, some of them are simply based on writers' opinion and understanding may end up become inaccurate or mispresented, so to speak.

That being said, I do not wish to point fingers or lay blames to any parties, and I hope whatever I shared in this article could brighten up our reader’s mind.

To begin with, there are generally two types of steel industries player in Malaysia, namely the manufacturers and/or value add companies, and those who involved mainly in the trading and wholesaling business.

As for the value chain, the photo taken from Bulatlat had presented well on how it works.

Posted by enlistcapital > 2 days ago | Report Abuse

Generally, Malaysia did not involve much in the iron ore mining industry, as our country’s mineral mining sector recorded a gross output value of MYR3.5 billion, out of which RM1.7 billion is attributable to bauxite and ilmenite mining (2016, Mining and Quarrying Economic Census).

And according to Trading Economics, the mining production in Malaysia had averaged a 0.75% drop from 2011 until 2021. Hence, we do not see much iron mining activities ongoing on Bursa.

Posted by enlistcapital > 2 days ago | Report Abuse

While investors would generally refer “steel” prices on CNY-based rebar, which is the first search result one could find when you googled “steel prices”, flat steel and value-added products such as hot rolled coil and cold rolled coil data is relatively harder to be found. Hence, there are many misunderstood on the pricing – which is completely understandable especially for those who are new to the market.
You could also see that the application of long steel such as rebar and flat steel are much different.

Understandably, the prices for “steel” are constantly fluctuating alongside with supply and demand.

While many could argue that “steel” prices had went down from its high, the value of construction work done alone in 2022 Q1 in Malaysia had amounted to RM29.5 billion – steel, being one of the key construction materials, is poised to see an increase of demand, and at the current juncture, it is still considerably profitable for steel players in Malaysia.

For manufacturers in Malaysia, they are generally applying to a costs-plus model in terms of factoring their prices. In other words, as long as the management had been keeping a close eye on steel prices and manage their inventories well, the company should remain buoyant against the price fluctuation headwinds, while preparing rigorously for the next upcycle.

For number crunchers, we need to relook at the term “Revenue” , which obviously was made up of 2 aspects for steel companies, namely the volume supplied and selling price of the products.

In weaker steel prices time, the manufacturer or trader could rack up their volume to cover up fixed costs as well as enhance their margins, and during the steel upcycle, they could enjoy both at once. It all comes down to how well the company was managed, especially on the inventory level.

Speaking of which – inventories could make a difference on the profit and loss statement, but for obvious reasons it would depend on when the goods were sold. Do bear in mind, that these inventories are not like your properties, which one could revalue to inflate its bottom line, but instead, it needs to be sold then only its bottom line can be concluded which is always tied back to the timing of sales.

Of course, for slow moving inventories and those inventories which are below its net realisable value, the steel manufacturers and/or traders may even need to impair or setting up an allowance for impairment on the books!

Therefore, I was amazed when investors are touting the idea of steel companies inflating their numbers by not doing anything on their inventories.

However, for investors, it is always about the return on investment. We all know that the stock market generally had a 6-12 months forward nature in pricing and valuation, and that would very well explain the current valuation of the steel companies. Coupled with hampered investors sentiment, there you go, low single digit PE steel companies.

It is wise for investors to normalize the company profit, and to certain extent – try to wait out for a low for companies who managed their cash flow well.

Oh! Speaking of which, cash flow and debt is another commonly debated issue in the steel industry.

I think many investors may understand the basics of working capital, but not the concept of trade financing. You see, in a capital-intensive business, it is sometimes cheaper to raise a super short-term borrowing of 30 to 120 days in order to secure customers and better margins.

This is common that steel industry, or commodities related companies on Bursa had over a great deal of their debt in short-term trade financing, which is lower in financing costs, as it was prorated.

It is just sad to see that investors are injudiciously and blatantly claiming that steel makers would raise borrowings just to pay dividends to attract investors. Dividends are generally approved by the board members while for final dividends, shareholders’ approval need to be sought. The board members which also consists of independent directors must have closely monitor the cash flow of the company before approving it.

So much for saying debt-for-dividend.

I think investors need to be fair in justifying the profit and loss, as well as cash flow movement of any steel companies in Malaysia before crowning an undervalued or overvalued statement over them. It is simply irresponsible.

Remember, what is undervalued now can be overvalued in 6-12 months’ time, and vice-versa.


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