Global issue settle , most properly , 1.00 recovery heading ,the company is predict running well , after the merger and joint venture with southern steel , for long bar steel .
Assuming Southern Steel’s losses are to sustain, Ann Joo is to make a RM54.3 million net profit in FY20F based on our existing forecasts and the merged entity will derive synergies and cost savings amounting to RM104 million (2% of combined turnover, we assume).
Annjoo plus southern , is STEEL KING in ore , even Alliance getting fierce also need to knee down , also previous giant LIONIND , need find solution to strengthen the industries , not easy managed .
Don't hope as it is hopeless. High div those days just to hooked investors. Believe cash call to survive unless steel price sudden hike and economy improved fast.
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....
khatulistiwa1234
46,261 posts
Posted by khatulistiwa1234 > 2019-11-07 11:46 | Report Abuse
Liquidity not moving , where got cash in market , all in static mode , dead business .