Posted by fionayip > 2018-08-22 02:59 | Report Abuse

aikssshhhh~~~ tyyap gang they all run already lah, don't dream they still here. U all should run

Posted by Johloh > 2018-08-22 03:09 | Report Abuse

i know all the facts. Facts is Tyyap asked us to sell before tun m back from china. Please tell story with facts. I still earned 10% in annjoo in just a few days and Muda 20% in just a few days.

Posted by tecpower > 2018-08-22 18:13 | Report Abuse

China Rebar Price
http://www.sunsirs.com/uk/prodetail-927.html

Posted by tecpower > 2018-08-22 18:15 | Report Abuse

http://www.theedgemarkets.com/article/ann-joos-fy18-profit-seen-better-stable-sales-higher-margins

Posted by Mytrd > 2018-08-22 19:46 | Report Abuse

Anybody noticed that last Tuesday it’s going to move up but because of ecrl cancelled news that it drop . It will move up again this few days

Posted by GRACE1966 > 2018-08-22 21:16 | Report Abuse

2mrw sure down another 50 sen, i was told by Datuk Lim last night.

Posted by GRACE1966 > 2018-08-22 21:18 | Report Abuse

Friday add another 50 sen down, Datuk Lim sure very happy. Can proceed take over for free.

Posted by akulamatata > 2018-08-22 22:17 | Report Abuse

Talk cock is easy, just gain malu uself

Posted by matmat > 2018-08-22 23:03 | Report Abuse

The edge already mention regarding the possible of ecrl cancellation as reviewed by maybank ib..rebound soon

Posted by charliecharlie > 2018-08-23 10:21 | Report Abuse

damn it..didnt manage to snap up some at 1.96...

Posted by akulamatata > 2018-08-23 23:08 | Report Abuse

Haha,ECRL cancellation not is final decision.Anyhow,ECRL continue may is bonus for Annjoo as earlier most material is from china

Posted by chandra54 > 2018-08-24 09:42 | Report Abuse

betul tu akulamtata, padan muka grace1966 kaki kelentong!

Posted by calvintaneng > 2018-08-24 11:08 |

Post removed.Why?

Posted by wilson2017 > 2018-08-25 14:49 | Report Abuse

马哈迪前天接受《当今大马》专访时澄清，与中国领导人商谈只是设下基调，但东铁和SSER油气管工程是否取消、延期或以其他方式解决，则尚未确定。

Posted by wilson2017 > 2018-08-25 14:49 | Report Abuse

https://www.malaysiakini.com/news/440256

Posted by GRACE1966 > 2018-08-25 21:51 | Report Abuse

Agree with calvin eagle Ann Joo hell is waiting.

Posted by GRACE1966 > 2018-08-25 21:53 | Report Abuse

2.00 for LionIns by OTB.

Posted by GRACE1966 > 2018-08-25 21:56 | Report Abuse

No wonder khatulistiwa1234 said Ann Joo 7.00

Posted by tecpower > 2018-08-26 17:56 | Report Abuse

Korea Steel Sector: Increase Positions In Steel Shares
https://seekingalpha.com/article/4201814-korea-steel-sector-increase-positions-steel-shares
Summary
Steel shares outperformed KOSPI during winter production cut period.

Chinese steel demand firm on 2H infrastructure investments.

Higher ASP to fuel earnings momentum domestically.

Major issues and conclusions
We recommend overweighting steel given Chinese production cuts in winter and re-stocking demand around the Lunar New Year holiday. Chinese steel production did not fall in the previous winter season as a whole because of robust demand and earnings; however, they still fell in November and December. In both 2016 and 2017, steel shares far outperformed the KOSPI during the earlier stages of Chinese output cuts. Strengthening 3Q18 earnings momentum amid ASP hikes also bode well for shares. Rising rebar dealer prices and plate ASP hikes are worth noting, which are driven by the closing gap between imported and domestic steel prices. Our top picks are POSCO (NYSE:PKX), Hyundai Steel (earnings to grow from 3Q), and Dongkuk Steel.

Steel shares outperformed KOSPI during winter production cut period

We believe it is now time to increase positions in steel shares for the following reasons: First, we expect sentiment over steel stocks to peak going forward given Chinese production cuts expected in winter and re- stocking demand around the Lunar New Year holiday. When production fell in the 2016-2017 winter seasons, the steel sector index far outperformed the KOSPI and we expect to see a repeat in 2018. From Nov 15, 2016 to Jan 19, 2017 (when the production cut was most severe), the sector index advanced 10% while the KOSPI gained 5%. Similarly, from Nov 15, 2017 to Jan 12, 2018, the sector index climbed 16%, far outperforming the KOSPI which dipped 0.8%. We note that at the beginning of the production reduction period, production cuts were most severe (negative growth in Nov-Dec, 2017) and stock momentum was the strongest (in the previous two winter seasons, shares peaked in mid-Jan). Accordingly, we recommend adding to positions before production cuts begin. This year, Chinese steel production cuts are expected to last from Oct 1 until Mar 31 next year, longer than the previous year when reductions sustained from Nov 15, 2017 to Mar 15, 2018.

Posted by GRACE1966 > 2018-08-26 20:14 | Report Abuse

Less projects less consumption and more inflow of steels from overseas bring down shares price. Do you understand Mr. Calvin Eagle.

Posted by JayC > 2018-08-27 09:56 | Report Abuse

more steel from overseas is not correct when there is a duty/tariff of 12% in place for rebar

Posted by wilson2017 > 2018-08-27 13:44 | Report Abuse

Detractor (Short seller or Other investor who wanna get in lower price) VS. Supporter.

Show is begin this week...

Posted by wilson2017 > 2018-08-27 13:49 | Report Abuse

Review of result is based on YoY, How to compare Q1 to end of year which has longer shutdown days as well as different seasonal performance for certain counter...

Posted by xiaojie88 > 2018-08-27 18:15 | Report Abuse

NP margin 4% haiz..

Posted by ramada > 2018-08-27 18:20 | Report Abuse

Annjoo latest quarterly result.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6556

Posted by Albukhary > 2018-08-27 18:25 | Report Abuse

Based on the QR, it seems like SSTEEL is much better than ANNJOO.. Salute to Hong Leong Group Tan Sri Quek Leng Chan, he is really good in cost controlling compare to other.

But anyway, ANNJOO has the highest inventory, so as long as the current steel price higher than the price on 30 June, it is a bonus for Annjoo.

Posted by samheong78 > 2018-08-27 18:32 | Report Abuse

Afraid that tomorrow might drop 20%

Posted by pang72 > 2018-08-27 18:36 | Report Abuse

Celaka

Posted by Warn3r > 2018-08-27 18:58 | Report Abuse

This will unlikely affect just Annjoo. Masteel and Lionind might take another round of beating together tomorrow. The question is whether ssteel will be spared or even go up slightly given that their management was doing much better compared to Annjoo which is supposed to have an edge over material cost.

Just speaking my personal objectively. No offense or intention to talk down any counter. I’m also in long steel together with you all.

Can view this objectively then only can device a good strategy...

Posted by Maurice1688 > 2018-08-27 19:18 | Report Abuse

last year second quarter qr result dropped yoy and qoq but the next day share rose almost 10%, weird thing

Posted by Albukhary > 2018-08-27 19:19 | Report Abuse

I dont think it will drop much tomorrow, on the basis that insider already knew about this quarter result and share price has been dropped from RM3.00++ to RM1.9++, everything has been reflected in the share price d.

I guess tomorrow share price might drop a bit, maybe 10sen, mostly sell by small fish, then the old bird will start collecting.

Posted by CharlesT > 2018-08-27 19:32 | Report Abuse

6 cents interim div masuk dulu

Posted by Maurice1688 > 2018-08-27 19:57 | Report Abuse

collect dividend first, good thing is they did not reduce the dividend despite the drop in share price compared to last year

Posted by trulyinvest > 2018-08-27 20:18 | Report Abuse

Wats d use. Tomorow gap down oso more than ur dividen. Kikikiki

Posted by value88 > 2018-08-27 21:17 | Report Abuse

AnnJoo's poor earnings in this quarter was also impacted by forex loss and relatively higher effective rate, otherwise, the core EPS should be higher and comparable with Q2FY17, albeit it is still much lower than preceding quarter.
Well, poorer earnings QoQ was expected. Its stock price has plunged 49% since beginning of 2018, so I suppose all the negatives have factored into its current stock price.
The Apr-Jun'18 quarter was also impacted by Ramadan holidays and hence lower construction activities. We should see some improvement in Apr-July'18 quarter. This quarter could be the worst quarter for AnnJoo.

It's stock price should come further down tomorrow as people will react to today's result, but should not be gap down.

Posted by qqq3 > 2018-08-27 21:38 |

Post removed.Why?

Posted by life123 > 2018-08-27 22:55 | Report Abuse

2Q2018 profit before tax (before foreign exchange gain/loss) was comparable to the corresponding
quarter of preceding year (“2Q2017”). 2Q2018 incurred net forex loss of RM4.49 million
compared with 2Q17 net forex gain of RM2.78 million.
Market conditions were affected by temporary demand softness due to seasonal factors (Raya
period) and weak market sentiment since the dissolution of Parliament.

Due to forex factor itself already resulted in a RM7.27 million decrease in profit.

Operating profit wise, is still same with 2017Q2

Posted by tecpower > 2018-08-27 23:06 | Report Abuse

I has dropped from 3.89 to 1.97. The bad QR has been priced in.
Just keep it for some time. It will rebound.sometime.

Posted by GRACE1966 > 2018-08-27 23:13 | Report Abuse

See i told you guys this karnina Lim family cheated and eat people. Give you karnina results.

Posted by Oliveoil > 2018-08-27 23:16 | Report Abuse

@yeeling . Lion next

Posted by GRACE1966 > 2018-08-27 23:17 | Report Abuse

Next two coming quarter remaining RED. Better run before got cheated again by the runner dog khatulisatiwa 1234. Now very busy carry and jilat KYY balls in Lionins.

Posted by tecpower > 2018-08-27 23:48 | Report Abuse

After the previous QR announcement on 25-May-2018, the stock price dropped a lot despite of the NP's being up 10.67% QoQ, so the bad QR published today has been already priced in.

Posted by ming > 2018-08-28 01:49 | Report Abuse

Manufacturing segment still maintained ; trading segment drop

Posted by CharlesT > 2018-08-28 09:12 | Report Abuse

Bought some at 1.88-1.89, price drops 9 cents and can get 6 cents

Posted by Up_down > 2018-08-28 09:20 | Report Abuse

AnJoo’s USD denomination loan has increased to RM 221 million. Big impact to bottom line if RM drop further.

Posted by CharlesT > 2018-08-28 09:40 | Report Abuse

Looks like my wawasan 2020 dreams cannot achieve....lol

Posted by CharlesT > 2018-08-28 09:45 | Report Abuse

Foreign currency trade loan increased from RM54M last year to RM221M now

What's the reason for the sharp increase? Is it something to do with their export? If so there will be some natural hedge

Posted by CharlesT > 2018-08-28 09:47 | Report Abuse

15 PROSPECTS
The Group’s views on international and domestic demand-supply dynamics are:
a. Trade frictions across US, China and EU create global economic uncertainty, currency and
interest rate volatility, and temporary supply-demand distortions in the steel export markets.
b. Higher steel tariffs on Turkey is causing it to divert part of its exports from US/EU to
Southeast Asia. The plunge of the Turkish Lira further adds to its competitiveness in exports.
c. Malaysia’s demand remains soft amidst the current government’s review on infrastructure
spending. However, there is potential greater cost-efficiency in infrastructure projects to spur
construction activity and steel demand in the mid/long-term.
d. China’s ongoing production curtailment program and continued infrastructure requirements
should support its domestic demand at a relatively high price level and moderate its exports.
e. ASEAN’s expected steel demand growth of 5-6% p.a., which is expected to surpass 80
million tonnes by 2019 (source: SEAISI) should support export opportunities in this region.
Historically, two-thirds of Southeast Asia’s steel requirements were met by imports.

Despite the above, regional steel markets are still very sizeable in comparison to the Group’s capacity. Being one of the lowest cost producers of construction steel in the region, the Group is
confident that it remains price competitive in the export markets. As such, the Group expects to increase its proportion of export sales amidst lacklustre near-term domestic demand.

Posted by CharlesT > 2018-08-28 09:47 | Report Abuse

If they can export their products then that will be a different play

Posted by BrahmaBull > 2018-08-28 09:49 | Report Abuse

beli sajalah buat investment..sangkot pon u masih boleh dapat dividend..manyak sodap