ANN JOO RESOURCES BHD

KLSE (MYR): ANNJOO (6556)

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Last Price

1.14

Today's Change

-0.01 (0.87%)

Day's Change

1.13 - 1.15

Trading Volume

1,281,200

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

1.14

Avg Target Price

1.10

Upside/Downside

-0.04 (3.51%)

Price Call

12

SELL

0

HOLD

2

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
7 people like this. Showing 50 of 8,737 comments

Mini2021

TP 1.3

2024-04-15 08:14

Abram66

...Historical low price is below Rm1 btw

2024-04-15 11:20

monetary

Local rebar price 3000++

2024-04-15 20:46

Mini2021

Steel price up 3%

2024-04-16 15:59

stncws

Steel add 25% tax for china company...

2 months ago

stncws

Later will be steel play ..don left out...Buy

2 months ago

Abram66

Iron ore futures hit an over three-month high on Wednesday as investors bet on better demand following China’s property support

https://www.mining.com/web/iron-ore-price-hits-three-month-high-on-china-demand/

1 month ago

Virgin_Share

Aneh Neh fight fight fight. Keling apuneneh fight fight fight!

1 month ago

newbie9893

steel sector will be the next theme to play.....buy now to be rewarded very soon

1 month ago

newbie9893

steel sector will continue spike up kaw kaw in afternoon section, trust me

1 month ago

stncws

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

1 month ago

stncws

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

1 month ago

stncws

break previous high 1.24

1 month ago

Sslee

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.

1 month ago

Sslee

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.

1 month ago

Sslee

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

1 month ago

monetary

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

1 month ago

stncws

1.27...we see future gain...

1 month ago

monetary

Update: local steel price 3300 :)

1 month ago

DividendGuy67

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!

1 month ago

tanhy123

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

1 month ago

edithcapital

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

4 weeks ago

stncws

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

3 weeks ago

Safeld65

Sell on good news for Ann Joo?

3 weeks ago

Ellyn20

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

3 weeks ago

James_Bond

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!

2 weeks ago

Ellyn20

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

2 weeks ago

James_Bond

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?

2 weeks ago

James_Bond

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.

2 weeks ago

monetary

Only local steel is allowed in data center construction

2 weeks ago

bestie9292

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

2 weeks ago

stncws

Rm1. 50

2 weeks ago

DividendGuy67

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.

2 weeks ago

Ellyn20

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

2 weeks ago

Ellyn20

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.

2 weeks ago

monetary

Ays indeed has many international & local projects. As u can see now steel manufactures become main con instead of steel suppliers. Another measure to reduce the usage of made in China steel.

2 weeks ago

Hoot9ee

Right issue mari

1 week ago

8u29song

during old uncle aunty time, right issue announcement will cause the price goes up...

1 week ago

monetary

Really? Nvr heard of it before. In modern day RI will scared away all retailers. When operator push it up after RI then retailers will buy back at much higher price.

1 week ago

monetary

All paper gain vapourised :(

1 week ago

lewislew

knn kena slaughter

1 week ago

Ellyn20

wait until 0.9 and buy

1 week ago

Hoot9ee

Add add add

1 week ago

MDRIZWAN

i buy warrant aj002 at 0.08 is it the price will move down again

1 week ago

investopology

Bottom fish coming. Technical rebound should be around the corner. Shorterm TP 1.30

1 week ago

lewislew

shit! never ending south

4 days ago

investopology

Rebound very soon.

3 days ago

lewislew

they have push at least to 1.24 - 1.4 but when not sure..

2 days ago

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