ANN JOO RESOURCES BHD

KLSE (MYR): ANNJOO (6556)

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Last Price

0.89

Today's Change

-0.05 (5.32%)

Day's Change

0.885 - 0.935

Trading Volume

1,606,200

Financial

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Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
5 people like this. Showing 50 of 8,592 comments

DrSteel

https://www.bangkokpost.com/business/2277959/country-girds-for-impact-of-higher-steel-prices

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.

2022-03-13 14:41

awesome20

52w h at 3.18
if manage to book 50% also good
swing mode ONNNNNNN

2022-03-13 14:46

DrSteel

Japan's rebar prices climb to 13 years high

https://www.steelmint.com/insights/japans-rebar-prices-climb-to-13-years-high-290293

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.

Thats more than 5,400 Chinese Yuan!

2022-03-13 18:21

DrSteel

Live updates: Big steel plant 'being destroyed' in Mariupol

https://www.independent.co.uk/news/ap-ukraine-joe-biden-vladimir-putin-europe-b2039492.html

https://www.devdiscourse.com/article/law-order/1968256-live-updates-big-steel-plant-being-destroyed-in-mariupol

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.

2022-03-19 23:21

ValueInvestor888

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...

2022-03-21 10:56

Jerichomy

Tech theme now. Buy tech

2022-03-22 16:49

wongkl0307

jerichomy, yes tech theme but not now la... waiting for pullback to enter

2022-03-24 11:50

DrSteel

Latest Price (RM/MT)

Iron Ore RM 620.34
Scrap RM 2,553 – RM 2,738
Billet RM 3,200 – RM 3,300
Rebar RM 3,450- RM3,600
Steel Wire Rod RM 3,500 – RM3,600

2022-03-30 22:27

ming

Global steel price has shoot up since March as material cost increase more..

There is no more cheap steel to import anymore..

Who has inventory the most, who is the king now !

2022-04-03 15:30

DrSteel

Infrastructure approvals hit 70% of last year’s total

https://www.thestar.com.my/business/business-news/2022/04/16/infrastructure-approvals-hit-70-of-last-years-total

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.

2022-04-16 15:37

dompeilee

Bought AnnJoo yesterday for the dividend.

2022-04-19 07:53

dompeilee

1.89...nice =)

2022-04-20 10:15

imvu

limit up ?

2022-04-20 10:17

imvu

1.90

2022-04-20 10:18

imvu

breakout 1.900 limit up

2022-04-20 10:20

imvu

berehat sejap dekat 1.900 / 1.910 , sebelum pump pom pump

2022-04-20 10:36

imvu

sekarang 1.920 , sudah pump atas 1.910 , breakout sideways gap up limit up billionaire

2022-04-20 10:37

imvu

menyelit dekat kaunter yang jerung sedang pump , tp atas 2.000

2022-04-20 10:38

dompeilee

1.95 =D

2022-04-20 10:47

learnbyheart

sailang now for dividend

2022-04-22 11:30

VincentTang

China steel price collapse
https://finance.sina.com.cn/futures/quotes/RB0.shtml

2022-04-25 10:28

VincentTang

US market going to collapse. Sell on May effect start. Sell all your stocks and keep more cash.

2022-04-26 16:02

klkk

Reminder: tomorrow is exdate for the 6 Sen dividend.

2022-04-27 10:04

Collin59

buy back saham , sold all bitcoin crypto bitcoin ggggggg looooo

2022-04-27 10:07

yong1985cm

y today dropped so much?

2022-05-13 14:47

yong1985cm

any1 realised the average selling price of the rebar start dropping.

2022-05-20 10:29

learnbyheart

dividend received..thank you annjoo

2022-05-27 09:10

learnbyheart

what happen to this counter?..macam takde maruah

2022-05-31 11:35

yong1985cm

annjoo is in down trend from both TA and FA. the high raw material cost (iron ore, scrap metal, coke coal) no longer can fetch higher ASP. meaning net profit margin going to be slowly reduce until Nil/-ve.

2022-06-07 11:12

king36

Yes, Recession is glaring due to USA's senile President causing disturbance everywhere.
Wonder how low would ANNJOO go?

2022-06-18 20:07

kingJ

No worries, cost goes up, selling price also will be adjusted upward

2 months ago

yfchong

0.6

2 months ago

ironstockhunter

0.7 - 0.8 is more realistic

2 months ago

supersinginvestor

70 sen i buy

2 months ago

VincentTang

China steel price drop 4.11% today.

2 months ago

Michael Kwok

Buy call ann joo 1.00-rm 1.02.Cut loss by 6 percent or more.
Potential:rm 1.20 above
Time:21/7/2022 12.10 am.

2 months ago

imvu

hari ni hijau ?

2 months ago

Michael Kwok


3 as below;
I)teach some
II)shares review every one or 2 weeks
III)share recommendation or ask to buy or sell share u have.

Sifu Michael(with ang pow picture) in FB.
Charging rm 150 only.
Free one book if stay four month

2 months ago

kl_guy

annjoo 1stresistance at rm1.44. 2nd resistance at rm1.60.
So can easily hit rm1.40 ..no problem

2 months ago

VincentTang

Steel price drop today.

1 month ago

Superb99

1 day show stock..too bad

1 month ago

enlistcapital

One Up on Malaysia’s Steel Industry

While there are many well-intentioned contents published on stock forums, some of them are simply based on writers' opinion and understanding may end up become inaccurate or mispresented, so to speak.

That being said, I do not wish to point fingers or lay blames to any parties, and I hope whatever I shared in this article could brighten up our reader’s mind.

To begin with, there are generally two types of steel industries player in Malaysia, namely the manufacturers and/or value add companies, and those who involved mainly in the trading and wholesaling business.

As for the value chain, the photo taken from Bulatlat had presented well on how it works.

https://www.bulatlat.com/2016/09/21/buildfilipino-developing-local-steel-industry-sure-bet-change/

1 month ago

enlistcapital

Generally, Malaysia did not involve much in the iron ore mining industry, as our country’s mineral mining sector recorded a gross output value of MYR3.5 billion, out of which RM1.7 billion is attributable to bauxite and ilmenite mining (2016, Mining and Quarrying Economic Census).

And according to Trading Economics, https://tradingeconomics.com/malaysia/mining-production the mining production in Malaysia had averaged a 0.75% drop from 2011 until 2021. Hence, we do not see much iron mining activities ongoing on Bursa.

1 month ago

enlistcapital

While investors would generally refer “steel” prices on CNY-based rebar, which is the first search result one could find when you googled “steel prices”, flat steel and value-added products such as hot rolled coil and cold rolled coil data is relatively harder to be found. Hence, there are many misunderstood on the pricing – which is completely understandable especially for those who are new to the market.
You could also see that the application of long steel such as rebar and flat steel are much different.

Understandably, the prices for “steel” are constantly fluctuating alongside with supply and demand.

While many could argue that “steel” prices had went down from its high, the value of construction work done alone in 2022 Q1 in Malaysia had amounted to RM29.5 billion – steel, being one of the key construction materials, is poised to see an increase of demand, and at the current juncture, it is still considerably profitable for steel players in Malaysia.

For manufacturers in Malaysia, they are generally applying to a costs-plus model in terms of factoring their prices. In other words, as long as the management had been keeping a close eye on steel prices and manage their inventories well, the company should remain buoyant against the price fluctuation headwinds, while preparing rigorously for the next upcycle.

For number crunchers, we need to relook at the term “Revenue” , which obviously was made up of 2 aspects for steel companies, namely the volume supplied and selling price of the products.

In weaker steel prices time, the manufacturer or trader could rack up their volume to cover up fixed costs as well as enhance their margins, and during the steel upcycle, they could enjoy both at once. It all comes down to how well the company was managed, especially on the inventory level.

Speaking of which – inventories could make a difference on the profit and loss statement, but for obvious reasons it would depend on when the goods were sold. Do bear in mind, that these inventories are not like your properties, which one could revalue to inflate its bottom line, but instead, it needs to be sold then only its bottom line can be concluded which is always tied back to the timing of sales.

Of course, for slow moving inventories and those inventories which are below its net realisable value, the steel manufacturers and/or traders may even need to impair or setting up an allowance for impairment on the books!

Therefore, I was amazed when investors are touting the idea of steel companies inflating their numbers by not doing anything on their inventories.

However, for investors, it is always about the return on investment. We all know that the stock market generally had a 6-12 months forward nature in pricing and valuation, and that would very well explain the current valuation of the steel companies. Coupled with hampered investors sentiment, there you go, low single digit PE steel companies.

It is wise for investors to normalize the company profit, and to certain extent – try to wait out for a low for companies who managed their cash flow well.

Oh! Speaking of which, cash flow and debt is another commonly debated issue in the steel industry.

I think many investors may understand the basics of working capital, but not the concept of trade financing. You see, in a capital-intensive business, it is sometimes cheaper to raise a super short-term borrowing of 30 to 120 days in order to secure customers and better margins.

This is common that steel industry, or commodities related companies on Bursa had over a great deal of their debt in short-term trade financing, which is lower in financing costs, as it was prorated.

It is just sad to see that investors are injudiciously and blatantly claiming that steel makers would raise borrowings just to pay dividends to attract investors. Dividends are generally approved by the board members while for final dividends, shareholders’ approval need to be sought. The board members which also consists of independent directors must have closely monitor the cash flow of the company before approving it.

So much for saying debt-for-dividend.

I think investors need to be fair in justifying the profit and loss, as well as cash flow movement of any steel companies in Malaysia before crowning an undervalued or overvalued statement over them. It is simply irresponsible.

Remember, what is undervalued now can be overvalued in 6-12 months’ time, and vice-versa.

Cheers!

1 month ago

Tobby

Decent result! Better than Genting and Genm!

1 month ago

redhotpepper

Is this stock worth investing, or it will go down further?

1 month ago

ming

近期东南亚螺纹钢交易较为清淡,东南亚主要进口国家需求不佳。来自土耳其的报价在700-710美元/吨FOB左右,但与东南亚其他出口报价相比无竞争优势。来自马来西亚钢厂的实重报价在600美元/吨CFR左右。越南一钢厂螺纹钢出口实重报价640美元/吨FOB左右。

越南市场方面,主导钢铁长材生产商和发集团(Hoa Phat)于8月30日宣布将其国内线材价格上调20万越南盾/吨(9美元/吨),这是自5月以来钢价首次上调。据了解,由于废钢和焦煤等原材料成本高企,钢厂希望通过提高钢铁价格来保持利润。另外,其CB400-V/CB500-V 12-25mm螺纹钢的售价不变,出厂实重价格维持在1450万越南盾/吨(619美元/吨)。

2 weeks ago

imvu

1.060 , hari ni hijau ?

2 weeks ago

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