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
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
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!
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.
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+...
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
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.
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....
1009
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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