ANN JOO RESOURCES BHD

KLSE (MYR): ANNJOO (6556)

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Last Price

0.805

Today's Change

-0.01 (1.23%)

Day's Change

0.80 - 0.825

Trading Volume

1,427,900


7 people like this.

8,798 comment(s). Last comment by ptptulh 14 hours ago

1009

2,020 posts

Posted by 1009 > 2019-06-05 13:10 | Report Abuse

Your must think buy this shares to keep over 50years la!
Only 1-2years kaki sudah goyang.. hard to make invest..
Dividend shares easy cover when ur long keep..
If lower start buy few.. when higher can sell little first..
Don’t make one time invest

issic622

20 posts

Posted by issic622 > 2019-06-05 13:47 | Report Abuse

Please trust me temporary don't buy first. wait for Q2 result, it will be a very bad result due to Raya, caused lower sales as per mention in Q1 financial report.

Besides, insider news, now annjoo perform it blast furnace major maintenance, it take one month for production stop to complete maintenance. so believed big loss in Q2, no output, high repair cost + overhead

apple168

6,236 posts

Posted by apple168 > 2019-06-05 21:00 | Report Abuse

Does it matter if Annjoo next quarter result good or bad? As the matter of fact, annjoo will be one of the major steel supplier not only ECRL, bandar Malaysia, but also KL-Singapore high speed railway!

apple168

6,236 posts

Posted by apple168 > 2019-06-07 18:52 | Report Abuse

Annjoo gaining momentum... feeling sad for those who sold at 1.30+

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-10 10:15 | Report Abuse

waaaaaaaaaaaa

apple168

6,236 posts

Posted by apple168 > 2019-06-10 11:23 | Report Abuse

Sui!

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-10 11:28 | Report Abuse

aiyaaaa suiiiiii

kikikiki

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-10 11:29 | Report Abuse

Source : KENANGA, Price Call : SELL, Price Target : 1.15

Source : HLG, Price Call : SELL, Price Target : 1.12

Source : AmInvest, Price Call : SELL, Price Target : 0.97

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-10 11:30 | Report Abuse

BUT


Source : kaldai Cindybull , kaldai YKLIEW , kaldai matamatamatamata
Price Call : BUY
Price Target : 3.5




coz they already trapped @ 3.5 since last year


that's why they asking for 3.5




wakakakakakakaka !!!!!

apple168

6,236 posts

Posted by apple168 > 2019-06-10 12:07 | Report Abuse

Will annjoo drop to 1.15? Please drop more! We sapu!

apple168

6,236 posts

Posted by apple168 > 2019-06-10 15:40 | Report Abuse

Wonderful Annjoo!

apple168

6,236 posts

Posted by apple168 > 2019-06-10 16:23 | Report Abuse

Go go go, annjoo

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-10 16:30 | Report Abuse

go to where ???

apple168

6,236 posts

Posted by apple168 > 2019-06-10 17:14 | Report Abuse

Moving north...

apple168

6,236 posts

Posted by apple168 > 2019-06-10 17:17 | Report Abuse

1.48!

apple168

6,236 posts

Posted by apple168 > 2019-06-10 17:17 | Report Abuse

Wahahaha...

apple168

6,236 posts

Posted by apple168 > 2019-06-11 12:11 | Report Abuse

We taking profits at 1.48/1.49... selling 50% first and keep another 50% and let profits run... good luck...

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-12 09:19 | Report Abuse

perghhhhh 1.8 ka ??

apple168

6,236 posts

Posted by apple168 > 2019-06-12 11:27 | Report Abuse

Sui!

apple168

6,236 posts

Posted by apple168 > 2019-06-12 11:28 | Report Abuse

Sold remaining 25% at 1.50/1.51

goldman88

11 posts

Posted by goldman88 > 2019-06-12 12:40 | Report Abuse

Up or down i don't mind. Planning to accumulate and planning to sell partial. a severely undervalued stock. Book value based on 1st Qr is at 2.45. Currently is half the book value. Hope sentiments just realized is super undervalued.

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-12 14:04 | Report Abuse

aiyaaa sui ka ??


kikikiki

apple168

6,236 posts

Posted by apple168 > 2019-06-12 15:43 | Report Abuse

In the midst of trade war, can earn 10-15% consider sui...

apple168

6,236 posts

Posted by apple168 > 2019-06-12 16:04 | Report Abuse

Don’t tell you that you are chasing annjoo now!?

apple168

6,236 posts

Posted by apple168 > 2019-06-12 16:04 | Report Abuse

Ppl taking profit and run liao

apple168

6,236 posts

Posted by apple168 > 2019-06-12 16:41 | Report Abuse

Sold remaining 25% annjoo at 1.52

goldman88

11 posts

Posted by goldman88 > 2019-06-12 19:42 | Report Abuse

apple168 been an accumulator from 1.39-1.41 sold partially at 1.51 and planning to ride with nerves of steel.

apple168

6,236 posts

Posted by apple168 > 2019-06-12 21:35 | Report Abuse

1.30+ don’t want buy, now only want to chase high.. haha.... I m done with annjoo... money can’t finish earning in the free trade market... I leave the extra profits to those high risk takers who going to sapu at 1.50+...

apple168

6,236 posts

Posted by apple168 > 2019-06-13 16:04 | Report Abuse

Sold for my clients at 1.58/1.59/1.60

ryanlcc

260 posts

Posted by ryanlcc > 2019-06-13 16:05 | Report Abuse

Apa dah jadi...
tiba-tiba ANNJOO getting booster..
SUI arghh!!
Huat arghhh!!

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-13 16:05 | Report Abuse

aiyaaaa suiiii lagi ka

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-13 16:06 | Report Abuse

1.6 ka


mampus wooo mau tunggu 3.5


kah kah kah

apple168

6,236 posts

Posted by apple168 > 2019-06-13 16:06 | Report Abuse

As I expected... haha.., sui,,,

apple168

6,236 posts

Posted by apple168 > 2019-06-13 16:06 | Report Abuse

We taking profits first ya...

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-13 16:07 |

Post removed.Why?

Simon Loh

255 posts

Posted by Simon Loh > 2019-06-13 16:27 | Report Abuse

apple168, seems u're selling too early at 1.51

apple168

6,236 posts

Posted by apple168 > 2019-06-13 16:40 | Report Abuse

Run Lo...

apple168

6,236 posts

Posted by apple168 > 2019-06-13 16:41 | Report Abuse

Crazy ppl still chasing high...

apple168

6,236 posts

Posted by apple168 > 2019-06-13 16:41 | Report Abuse

Give high risk taker to take high risk profit

apple168

6,236 posts

Posted by apple168 > 2019-06-13 18:21 | Report Abuse

Congrats to those who follow us to buy annjoo at 1.30+! Huat ah!

L2earn

349 posts

Posted by L2earn > 2019-06-13 18:29 | Report Abuse

still useful and valid:-
https://eaglevisioninvest.com/annjoo-steel-why-is-it-in-calvin-tan-researchs-investment-radar-now-calvin-tan/

ANNJOO STEEL – Why is it in Calvin Tan Research’s Investment Radar Now, Calvin Tan
February 3rd, 2019 Calvin Tan Smart Investment

This month is Annjoo Steel. Why Annjoo Steel now of all the Steel Counters in KLSE?

These are some salient factors:

1) ANNJOO STEEL HAS FALLEN TO ATTRACTIVE VALUE OF 44% BELOW NAV

At Rm1.35 with NTA of Rm2.40 Annjoo is now selling at a nice discount of 44% (It was over Rm3.80 at one time). So now Price is down more than 60% from peak and is considered Low & Cheap with Margin of Safety

2) RECENT PROJECTS AWARDED SHOW SOME DEMAND FOR STEEL

The continuation of TRX, The Pan Borneo Highway & the recent over Rm300 Millions job award for MRCB showed demand for long steel products’ Another strong booster will be the restoration of ECRL (East Coast Rail line to Tumpat in Kelantan

3) In Good Times Anjoo pays good dividends

27-Aug-2018 07-Sep-2018 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
23-Feb-2018 19-Apr-2018 DIVIDEND Interim Dividend RM 0.13 Dividend Detail
22-Aug-2017 06-Sep-2017 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
23-Feb-2017 08-May-2017 DIVIDEND Interim Dividend RM 0.09 Dividend Detail

So can expect dividend support if sales continue status quo

4) ANNJOO IS VERY TRANSPARENT

Usual AR will report Top 30 Shareholders. For Annjoo it goes the extra mile to list up to Top 50 Substantial shareholders.

I am happy to note that many Big Foreign Funds are in Top 50 of Annjoo

2 notable ones are Public Mutual Fund & Eastspring Investment Fund
Eastspring in TMakmur which was taken private.

5) POWERFUL EARNINGS PER SHARE (EPS)

Last 4 Qtr total up 32.98 sen
At Rm1.35 Annjoo has a P/E of only 4.09
Now is Annjoo performance sustainable?

6) ANNJOO IS EXPORTING STEEL TO SINGAPORE

According to i3 forum writeup…Among Masteel, Lionind and Southern Steel – Annjoo is the only one that export to Singapore Market
Business Background
Ann Joo Resources Bhd is primarily engaged in the manufacturing and trading of steel and steel related products. Business activity of the group is divided into two segments namely Manufacturing and Trading segment. Manufacturing segment consist of manufacturing of iron, steel and steel related products such as billets; mild steel round, angle, round, square, flat, wire rods; and black shafts; and Trading segment is involved in trading of steel products such as carbon steel, stainless steel, hardware products, building and construction materials and it also looks into the operations of steel service centers. Further, the group is also involved in investment holding and property management activity. Geographically, it operates in the region of Malaysia and Singapore.

And why is Singapore so important?

7) HUGE DEMAND FROM SINGAPORE FOR ANNJOO STEEL

Construction demand in Singapore to stay strong, reach up to $32b this year: BCA
Total construction demand is expected to be between $27 billion and $32 billion this year.

PUBLISHED JAN 14, 2019, 11:42 AM SGT

SINGAPORE – Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging three-year spell.

Total construction demand, which is the value of construction contracts to be awarded, is expected to be between $27 billion and $32 billion this year, despite additional cooling measures in the private property market and the delay in construction of the high-speed rail between Singapore and Kuala Lumpur last year.Public construction demand, expected to be between $16.5 billion and $19.5 billion this year, is set to make up about 60 per cent of projected demand for the year. An estimated $30.5 billion in contracts was awarded last year, according to the Building and Construction Authority (BCA). This is in line with the agency’s estimate of between $26 billion and $31 billion for last year.

It represents a 23 per cent increase in construction demand compared with the year before, said Mr Zaqy Mohamad, Minister of State for National Development and Manpower, at the BCA-Redas Built Environment and Property Prospects Seminar which was held on Monday (Jan 14) at the Grand Copthorne Waterfront Hotel.

Public sector demand contributed $18.4 billion last year due to projects such as civil engineering works and institutional buildings. Private sector demand was $12.1 billion, supported by projects such as the redevelopment of en-bloc sites, the sales of which were concluded in 2017 and the first half of last year. “We have also encouraged government agencies to parcel out large infrastructure projects to create more opportunities for local firms and to diversify risk,” said Mr Zaqy.
Total construction demand is estimated to be between $27 billion and $34 billion per year for 2020 and 2021, and between $28 billion and $35 billion per year for 2022 to 2023.

SC

741 posts

Posted by SC > 2019-06-13 18:46 | Report Abuse

u sure u r following the right person? Calvin is rubbish wor

apple168

6,236 posts

Posted by apple168 > 2019-06-14 07:23 | Report Abuse

Why not follow us? Taking profits on annjoo... Haha..

ryanlcc

260 posts

Posted by ryanlcc > 2019-06-14 08:59 | Report Abuse

Macam good market today..

apple168

6,236 posts

Posted by apple168 > 2019-06-14 09:45 | Report Abuse

Lock profits first! Haha!

SC

741 posts

Posted by SC > 2019-06-14 10:00 | Report Abuse

locked profit d, at around 1.6... going to inari

apple168

6,236 posts

Posted by apple168 > 2019-06-14 10:26 | Report Abuse

Haha.. crazy people wan to chase at such price! Don’t wan but at 1.30... now chase at 1.60+

L2earn

349 posts

Posted by L2earn > 2019-06-16 08:41 | Report Abuse

some people just want to keep longer and construction development still the way to build nation over the years.

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-06-16 12:41 |

Post removed.Why?

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2019-06-16 16:06 | Report Abuse

TP1.38.

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