Annjoo have 1 bil inventory and recent quarter they write of 37 mil as lost and now the steel rebar price rebound. They can sell at good price and reflect in up coming quarter.
Steel counters are sunset companies at the present moment. Too many steel supply in the market... markets are basically flooded with steels with strong competition among many steel counters... Any spike of share price, is time to escape unless government is willing to change policy to support steel counters...
Steel counters to rebound as O&G sector strengthen? Previous low on steel prices caused by poor consumption within Chinese industries therefore oversupply. Traders will probably see this opportunity to increase their stock holdings at lower price. Now that commodities price is improving, steel counters are to be watched. Other steel counters include AYS, HTVB.
Msia is strategic location for construction materials as we are surrounded by developing countries and S'pore. Steel counters should be targeting regional market.
Will salvaged as sentiment global plus local is good , all positive events will improve , price will jump very fast also , coz off shore first to join the carnival improve .
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....
yxin
29 posts
Posted by yxin > 2019-12-09 10:09 | Report Abuse
Anyone knows where can get steel price index ?