Posted by stncws > 2 weeks ago | Report Abuse

steel agent like to goreng this way... before raya...slow slow move up ..follow trend

Posted by stncws > 2 weeks ago | Report Abuse

break previous high 1.24

Posted by Sslee > 2 weeks ago | Report Abuse

https://tradingeconomics.com/commodity/steel
Steel rebar futures fell to CNY 3,400 per tonne in June, the lowest in two months, and tracking the poor momentum for ferrous metals amid increasing pessimism over demand in top consumer China. Dexin was ordered to liquidate one year after its restructuring plan was approved, underscoring the lingering distress that property developers face despite a series of support measures by Beijing, and dimming confidence for other larger debt-ridden players. The developments added to the poor outlook for Chinese construction, a major source of steel purchasing, after private data showed that home sales from China’s 100 largest real estate companies sank 34% annually in May after a 45% plunge in April. The excessive inventory in Chinese housing drove the market to show skepticism over the impact of the government’s house-buying program, as the CNY 300 billion allocated for home buying by the PBoC is a small fraction of inventory estimated to balance out oversupply.

Posted by Sslee > 2 weeks ago | Report Abuse

https://tradingeconomics.com/commodity/hrc-steel
HRC Steel decreased 361.94 USD/T or 33.11% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, HRC Steel reached an all time high of 1945 in September of 2021.

Posted by Sslee > 2 weeks ago | Report Abuse

What will be the earning of next quarter and quarter after next of Annjoo?

Posted by monetary > 2 weeks ago | Report Abuse

Mr Sslee. Jan - Mar local rebar price was 2900. Apr til now it rises to 3100. So Annjoo next qr should be better.

Posted by stncws > 2 weeks ago | Report Abuse

1.27...we see future gain...

Posted by monetary > 2 weeks ago | Report Abuse

Update: local steel price 3300 :)

Posted by DividendGuy67 > 2 weeks ago | Report Abuse

Thank-you ANNJOO. Thanks for helping to make my portfolio hit new high again today, that's 5th consecutive times this month in June alone!

Posted by tanhy123 > 2 weeks ago | Report Abuse

Monetary,
May I know where you see the local rebar price?

Posted by edithcapital > 1 week ago | Report Abuse

Ann Joo, consortium partner bag RM297m job from Tenaga for electrification of ECRL feeder stations
https://www.klsescreener.com/v2/news/view/1345873/ann-joo-consortium-partner-bag-rm297m-job-from-tenaga-for-electrification-of-ecrl-feeder-stations

Posted by stncws > 1 week ago | Report Abuse

Be early bird @9am... See movement of gap up

Posted by Safeld65 > 1 week ago | Report Abuse

Sell on good news for Ann Joo?

Posted by Ellyn20 > 4 days ago | Report Abuse

Why run.. These supplier will benefit more on data center that is booming now. As most data center sure will use steel

Posted by James_Bond > 18 hours ago | Report Abuse

Markets are flooded with cheap steels! Doubt steel company would make huge profits from data centers. Purely “goreng” purposes. First in, First out, last one will get trapped!

Posted by Ellyn20 > 17 hours ago | Report Abuse

There are variety of steel, not only steel rebar. Such as steel pipe, hollow section, i-beam, angle etc... See which steel is dropping?

Posted by James_Bond > 17 hours ago | Report Abuse

How to compete with Alliance steel producing high-speed wire rods, bars and H-beams, with a production capacity of 4.0 million tons and 3.2 million tons of hot-rolled coil steel products as well as high-end steel plate? Steels really in excess! If not, why gov imposing heavy anti dumping duty on China steels from selling to Malaysia?

Posted by James_Bond > 16 hours ago | Report Abuse

Many Steels companies are not environmental friendly with miserable carbon credits! This is bad because international funds would not want to invest in such low carbon credit businesses.

Posted by monetary > 15 hours ago | Report Abuse

Only local steel is allowed in data center construction

Posted by bestie9292 > 13 hours ago | Report Abuse

Go check ays annual report..they got ytl data centre projects directly..pe n nta far cheaper than all steel company

Posted by stncws > 13 hours ago | Report Abuse

Rm1. 50

Posted by DividendGuy67 > 11 hours ago | Report Abuse

My GTC sell order at 1.38 entered some time ago was executed today automatically without watching.
Average buy period is 1.31 years. 3 rounds of buys and sells and still hold a sizeable position. 41.1% per annum IRR.

I blogged about it here - https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-02-story-h-157890093-ANNJOO_Do_less_earn_more.

Posted by Ellyn20 > 10 hours ago | Report Abuse

AYS is also cheaper but seems like not active in discussion. Recommended to buy also.

Posted by Ellyn20 > 10 hours ago | Report Abuse

Data center, airport project will all use structural steel. No worries of excess capacity i guess as long as can pass Sirim test. Some China steel may not pass Sirim test. Some client also may not want steel made in China.