PE is trading at 3.5x valuation, dividend policy is 60% payout, interim dividend already paid 6sen, final dividend should net 24sen, total 30sen, Annjoo yield HIGHEST at 16% nett
Remark: Annjoo paid 1.5sen x 2 for those hold preferential share
Nippon Steel will pay $419 million to buy a 49.99 stake in Thai steelmaker G Steel PCL (GSTEEL.BK) and a 40.45% stake in G J Steel PCL (GJS.BK), including debt, from a fund managed by Ares SSG.
The Japanese company will then launch a tender offer to buy the remaining stake, which will cost up to $344 million, bringing the total acquisition cost to up to $763 million.
By buying the two steelmakers, which have production capacity of 3 million tonnes, Nippon Steel's global capacity will rise to 69 million tonnes.
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We can see on below detail pdf the capacity and Operating profit information of these companies. This companies generates operating profit of RM 714 million (170 USD to RM exch 4.2) .
Note the above PE comparison is using annualized Operating profit of the Thai steelmakers with annualized PAT of Annjoo. The debt level of the Thai steelmakers are not known.
Going forward, steel players are expected to report lower margins as a result of rising raw material and fuel costs, as well as elevated inflationary in general.
the director forecast always not accurate, last quarter say will good, see this quarter become not good. this quarter say next quarter not good, let see next quarter become what
Far East Russia-origin 125mm 5sp billet was heard offered at $720-725 per tonne cfr Manila at the start of this week with bids as high as $705 per tonne cfr, but sources said they did not believe this offer was still in the market by the end of the week, following the Russian invasion of Ukraine on Thursday.
Malaysia-origin 5sp blast furnace (BF) billet was heard to be offered by traders at $720-725 per tonne cfr Manila on Friday, with bids heard at $705-710 per tonne cfr for such material.
The price of steel billet in the global market increased to around US$800 per tonne, up from $650 per tonne, in just one week, said Pravit Horungruang, a committee member of the EAF Long Product Steel Producers Association.
By Monday morning, deals for SD295A 16-25mm rebar in Tokyo were being transacted at Yen 100,000-102,000/t, up Yen 2,000/t on week and Yen 4,000/t on month respectively, and some buyers have already started paying Yen 103,000/t, sources confirmed. This has been the first time for Japanese rebar prices to reach above Yen 100,000/t since October 2008.
In the besieged port city of Mariupol, Ukrainian and Russian forces are fighting for the Azovstal steel plant, one of the biggest in Europe, said Vadym Denysenko, an adviser to Ukraine's interior minister, in televised remarks on Saturday.
"Now there is a fight for Azovstal. … I can say that we have lost this economic giant. In fact, one of the largest metallurgical plants in Europe is actually being destroyed," Denysenko said.
local steel stock price cannot move... It is because steel is too common and many producers around with big capacity esp China and India.... or due to raw materials also increased a lot? or
Personally l like specialty commodity producers in Msia like Pmetal, PMBTech and MSC...
BEIJING: China’s government has given the green light to investment in projects that’s worth nearly 70% of what was allowed for the whole of last year, another sign that Beijing is accelerating infrastructure spending to bolster an economy hit hard by Covid-19.
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....
Citadel123
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Posted by Citadel123 > 2022-01-18 23:43 | Report Abuse
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