Posted by lee901 > 2021-12-02 05:30 | Report Abuse

The S&P 500 closed significantly lower Wednesday, after cutting its intraday gains as the U.S. confirmed its first case of the new Omicron Covid-19 strain, triggering a fresh wave of uncertainty across on Wall Street.

Posted by Johnzhang > 2021-12-02 06:34 | Report Abuse

Omicron in US is expected anyway and therefore may not be the factor causing wall street to closed lower. I think the market is responding to faster tapering due to strong economic growth in many regions and high inflation.

Posted by stockraider > 2021-12-04 10:50 | Report Abuse

Too much debts & speculate in too much excess in steel inventory mah!

But steel prices already tumbling down....that means huge impairment in inventory mah!

Run b4 too late loh!

Posted by hantamking > 2021-12-06 12:34 | Report Abuse

Stockraider , are u remiser or bank fund manager
How come.u ask people run ? U wanna us report u? report to sd

Posted by hantamking > 2021-12-06 12:35 | Report Abuse

Steel price go up again ^^

Posted by hantamking > 2021-12-06 14:18 | Report Abuse

https://tradingeconomics.com/commodity/steel

Steel price recover ^^

Posted by calvintaneng > 2021-12-06 14:45 | Report Abuse

Yes

China evergrande and many others are now defaulting in bond payments

How to pay for high steel prices ?

All steel stocks now face great danger of non paying receivables like Sendai

Sendai crashed 80% from Rm1.60 to 20 sen due to receivables or IOU

Palm oil is cash business and not like lumpy steel

Go buy palm oil for safety

Posted by hantamking > 2021-12-06 17:01 | Report Abuse

calvin teng , last time u promote kpower and opcom

u see how the stock now?

Posted by hantamking > 2021-12-06 17:02 |

Post removed.Why?

Posted by enning22 > 2021-12-10 11:43 | Report Abuse

china property market already crashed, many chinese data ,and reports are all fake .no eyes see them.

Posted by Primeinvestor > 2021-12-10 11:47 | Report Abuse

yawn annjoo already selling in other countries, impact also one quarter, still makes loads, only sorzai sell now

Posted by wallstreetrookie > 2021-12-15 10:14 | Report Abuse

Due for a rebound

Posted by zzzzz > 2021-12-15 13:11 | Report Abuse

Steel price going up but AYS & HiapTiek performed better than AnnJoo

Posted by zzzzz > 2021-12-15 13:13 | Report Abuse

AnnJoo price in three months low....time to accumulate

Posted by hoot9e996 > 2021-12-16 09:18 | Report Abuse

what happened steel price went ROCKET? +356 today!!!
steel price 4659 cny/ton

Posted by probability > 2021-12-16 14:55 | Report Abuse

CNY 4683 now!

Posted by hoot9e996 > 2021-12-16 15:19 | Report Abuse

https://tradingeconomics.com/commodity/steel
just curious those who use that website, when did they start updating steel prices like every few minutes? i thought it was daily the last time i used it wtf 4704 now lol. not sure system error or not
got any news to share?

Posted by DrSteel > 2021-12-17 19:33 | Report Abuse

ANNJOO - Truth to be told

https://klse.i3investor.com/blogs/informationtech/2021-12-17-story-h1595657474-ANNJOO_Truth_to_be_told.jsp

Posted by stockraider > 2021-12-21 09:37 | Report Abuse

Steel price drop, temporary margin compression loh!

Posted by CharlesT > 2021-12-21 15:49 | Report Abuse

Hit Sifu OTB's Cut Loss point of RM1.70

Will he cut loss????

Posted by stockraider > 2021-12-22 11:30 | Report Abuse

Very funny loh...if some one know...so much...why worry people condemn loh!

Unless...he knows something...that it is really bad loh!

Thats why wants to silence the rest mah!

So that he can run ahead loh!

Posted by stockraider > Dec 22, 2021 11:00 AM | Report Abuse X

U mean if u own hiaptek u can only praise ah?

If you don't own Hiaptek shares, please do not condemn it.!

Like that very dishonest loh!

The point is honesty mah!

If your stock so good...why worry people condemn leh!

Unless not true mah!

The bad intention is pump & dump mah!

The steel co will be going to turn from inventory huge gain to inventory losses with the sharp fall in steel prices mah!

The problem are these steel companies, actually speculated in steel price too much with too much excess inventory loh!

The demand is low...but they bring in very excess steel stock mah!

Impairment is coming on the way mah!

Posted by OTB > Dec 22, 2021 10:57 AM | Report Abuse

Japanese wisdom :
If it is not yours, don't take it.
If it is not right, don't do it.
If it is not true, don't say it.
If you don't know, shut up.

Old news, CFO resigned effective 1/1/2022. Hence have to sell off his ESOS shares already converted to mother shares.

If it is not yours, don't take it.
If it is not right, don't do it.
If it is not true, don't say it.
If you don't know, shut up.

If you don't own Hiaptek shares, please do not condemn it.
When you are cursed by someone here everyday, you will not do well in your investment.
Hence don't need to bad mouth Hiaptek everyday.

Posted by calvintaneng > 2021-12-22 23:13 |

Post removed.Why?

Posted by hng33 > 2022-01-03 15:14 | Report Abuse

bought maximum Annjoo, all at 1.81

Posted by hng33 > 2022-01-03 15:14 | Report Abuse

Annjoo have dividend policy to payout at least 60% net profit

Posted by hng33 > 2022-01-03 15:18 | Report Abuse

Annjoo next Q shoudl at least deliver 10sen, total EPS 52sen, 60% payout = 31sen final Q4 result will declare at least final dividend 22sen/share + earlier interim 6sen + 2 preferential dividend 1.5sen

Posted by hng33 > 2022-01-03 15:19 | Report Abuse

Final dividend 22sen/share = dividend yield 12%

Posted by hng33 > 2022-01-03 15:50 | Report Abuse

sailang all with margin line, all at 1.78, average down cost to below RM 1.80

Posted by hng33 > 2022-01-03 18:00 | Report Abuse

The Board remains committed to rewarding shareholders
and, barring unforeseen circumstances, expects to return
to its dividend policy of up to 60% pay out in the coming
years when the Company delivers a better and improved
performance


DATO’ LIM KIAM LAM
Group Executive Chairman

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=208819&name=EA_DS_ATTACHMENTS

Posted by Investor 999 > 2022-01-04 09:41 | Report Abuse

All in unlimited fund at 1.76

Posted by VincentTang > 2022-01-05 07:20 | Report Abuse

China steel price up around 3% to 4430. US steel up 3.13% and steel dynamics up 3.02% last night.

Posted by VincentTang > 2022-01-06 08:37 | Report Abuse

China steel price up around 2%. US steel up 2.35% and steel dynamic up 3.84 last night.

Posted by Aaron_tan > 2022-01-09 09:09 | Report Abuse

Lol stock price do not move this way. Lol

Posted by kim722 > 2022-01-12 12:34 | Report Abuse

time to buy

Posted by Randy Chan > 2022-01-12 17:38 | Report Abuse

Naik 17 sen! Esok turun tunggu 1 min ggu lebih untuk naik lagi

Posted by DrSteel > 2022-01-12 20:17 | Report Abuse

BOOST IN DEMAND FOR PIG IRON FROM ANNJOO (EXPORT MARKET)

11 Jan 2022

https://www.spglobal.com/platts/en/market-insights/latest-news/energy-transition/011122-analysis-chinas-eaf-steelmaking-capacity-on-rise-amid-decarbonization-goals

China has started implementing stringent capacity swap rules since 2021, pushing the commissioning of new EAFs that gained construction approvals during the year. This would lead to a net decrease in China's pig iron and crude steel capacity from late 2022 and onwards.

In 2021, China approved the construction of 43 new EAFs, with a total crude steel capacity of 29.33 million mt/year, S&P Global Platts calculations based on announcements by local governments showed.

Hebei province saw the most EAFs approvals, with a total capacity of 7.4 million mt/year. It was followed by Jiangsu province, with 4.4 million mt/year of new EAFs.

These new EAFs in China will be commissioned from late 2022 to 2025, predicated on closures of 34.24 million mt/year of old crude steelmaking facilities that still run on the traditional route.

These capacity swaps will lead to a net decrease of 4.91 million mt/year in China's total crude steel capacity, Platts calculations showed.

Of the replaced 34.24 million mt/year of crude steel capacity, 16.21 million mt/year of capacity comes from converters.

Together with some of the replaced converters, blast furnaces with pig iron making capacity totaling 5.9 million mt/year will be closed as well.

Posted by VincentTang > 2022-01-13 09:34 | Report Abuse

US steel up 5.37% and steel dynamics up 4.31% last night. China steel price big up to 4688 now.

Posted by hng33 > 2022-01-14 17:40 | Report Abuse

DrSteel

In china, more EAF to replace blast. Demand for feedstock scrap metal will be high and price elevated + costly electricity due to elevated coal price, will resulted china steel production cost is getting higher and cost pass through steel selling price.

With RCEP, tax traffic will eliminated, Malaysia steel maker wuth blast furnase, eastern steel and Annjoo will able to penetrate china steel market with their cost advantage

Posted by DrSteel > 2022-01-14 17:46 | Report Abuse

hng33, you are spot on

this is a long term game changer for AJ and eastern steel

Posted by hng33 > 2022-01-14 17:54 | Report Abuse

Drsteel

Annjoo derive dual souce of income by being sole hybrid blast and being one stop steel solution for trading and distribution.

That us reason why Annjoo can command high profit if compared to eastern steel.

Posted by hng33 > 2022-01-14 17:58 | Report Abuse

Structural policy change in china have permanently affect global steel industry. China have gradually turn for net exported cheap steel to net imported costly steel to meet local demand. China is moving value chain instead of focus to upstream mass raw steel production to now emphasis on downstream speciality flat steel for EV, Semiconductors, EMS, solar etc. It afford to import raw steel oversea, then value added steel for special purpose is key focus for china in future

Posted by hng33 > 2022-01-14 19:43 | Report Abuse

Annjoo next Q shoudl at least deliver 10sen, total EPS 52sen, 60% payout = 31sen final Q4 result will declare at least final dividend 22sen/share + earlier interim 6sen + 2 preferential dividend 1.5sen

Therefore, Final dividend should be 22sen/share = dividend yield 11%


The Board remains committed to rewarding shareholders
and, barring unforeseen circumstances, expects to return
to its dividend policy of up to 60% pay out in the coming
years when the Company delivers a better and improved
performance


DATO’ LIM KIAM LAM
Group Executive Chairman

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...

Posted by BursaRangers > 2022-01-16 22:32 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2022-01-16-story-h1597388265-BursaRangers_Daily_Technical_Picks_17_January_2022.jsp

Posted by densim > 2022-01-17 23:38 | Report Abuse

How will the Tax Structure effect the Steel Ind in a RCEP era..?....

Posted by DrSteel > 2022-01-18 14:46 | Report Abuse

Ann Joo has a unique cost structure whereby it is able to save at various points of the production chain, from the upstream production of the BF to the downstream production of the rolling mills. Its procurement strategy includes sourcing local raw materials, especially scrap metal and iron, alongside 100% own-produced billets as opposed to imported billets.

The BF-EAF allows for flexibility in choosing between hot metal and scrap metal to produce liquid steel as opposed to the industry practice of relying purely on scrap metal.

The proportion of hot metal and scrap metal deviates over time from a ratio of 40:60 up to 70:30, allowing Ann Joo to take advantage of pricing differentials of input materials.

By charging hot metal into the EAF, electricity usage is reduced as less heating is required (1% hot metal saves at least 1% to 1.3% of electricity consumption); As a rule of thumb, c.500khw of electricity is required to produce 1MT of steel. A majority of the hot metal produced from the BF will be used to produce liquid steel while the remaining will casted into pig iron for sale and own consumption.

The by-products of the Ann Joo’s BF have different uses. The reduced-pressured BF gas is directed to the rolling mills, sinter plant and hot blast stove as a fuel substitute for natural gas while the off-gas produced will be transferred to the Top Gas Pressure Recovery Turbine to generate electricity for the plant. The off-gas produced by the BF is more than sufficient to replace a substantial amount of total natural gas usage of the 2 rolling mills in Prai. As a rule of thumb, c.2mmbtu of natural gas is required to produce 1MT of steel. Another by-product of the BF is molten slag which is then granulated and sold as raw material to the cement industry.

Posted by DrSteel > 2022-01-18 14:53 | Report Abuse

The off-gas produced by the BF is more than sufficient to replace a substantial amount of total natural gas usage of the 2 rolling mills in Prai. As a rule of thumb, c.2mmbtu of natural gas is required to produce 1MT of steel.

...

Last qtr, average cost of Natural Gas is 5.5 USD per mmbtu, i.e RM23 per mmbtu. From above, for every ton of steel 2 mmbtu is saved, i.e savings of RM46 per metric ton of steel.

In a quarter, it produces approximately 200,000 ton of steel. Cost savings compared to EAF producers from natural gas alone:

= RM46 per ton x 200,000 ton per qtr
= RM9 million (savings from cost advantage from natural gas alone)

Posted by DrSteel > 2022-01-18 15:58 | Report Abuse

Using average electricity tariff of RM 0.26 per kwh for 500 kwh per metric ton steel would be :

= RM 0.26 x 500 kwh
= RM 130 per ton of steel

If say 60% hot metal is used (max 70%), savings on electricity by 66% ( 1 - 1.3 factor) per metric ton of steel:

= RM 130 x 0.66
= RM 86 per ton steel

For 200,000 ton steel per qtr, savings compared to pure EAF players :

= RM 86 x 200,000 per qtr
= RM 17 million (savings on cost advantage in electricity alone)

Posted by DrSteel > 2022-01-18 20:19 | Report Abuse

Future of CHINA steel manufacturers is 100% EAF.
Ann Joo has an ocean size market to leverage its margins.

Posted by VincentTang > 2022-01-18 22:55 | Report Abuse

China steel big up today to 4730 now. Up around 4 to 5% today.

Posted by calvintaneng > 2022-01-18 23:18 | Report Abuse

Overall Steel Chart Down a Lot!'

https://tradingeconomics.com/commodity/steel

Posted by OTB > 2022-01-18 23:26 | Report Abuse

According to historical records, if the Brent crude oil price is high, all metal commodity prices will be high too.
A high Brent crude oil price will benefit all steel stocks.

Metal commodity price follows the same trend as the Brent crude oil price trend.

Mr Market will tell us the truth.
Thank you.