KLSE (MYR): ANNJOO (6556)
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Last Price
1.37
Today's Change
+0.10 (7.87%)
Day's Change
1.29 - 1.41
Trading Volume
6,574,600
steel sector coming soon ,plantation story habis goreng .croc oledi buy in since last week .good news abt steel sector can annouce any time from now
2024-03-22 17:41
Steel sector is the next theme to play...buy now to be rewarded very soon
2024-03-25 11:42
That's rite, newbie9893. The construction sector is on the rise, and building materials will follow up
2024-03-26 17:18
another catalyst for steel industry
https://www.thestar.com.my/news/nation/2024/04/02/penang-lrt-will-be-worth-the-hassle
2024-04-02 17:21
Ann Joo has potential to venture into green solar energy and data centre player after purchased of 99% shares in Perfect Channel Sdn Bhd at good bargain price which owns freehold industrial land measuring 436.8 acres... It already successful bid for Lss4 solar in joint venture with other firm earlier
https://www.thestar.com.my/business/business-news/2023/06/22/ann-joo-buys-shares-in-perfect-channel-from-kinsteel
2 months ago
Yup, steel price gone up due to this :
https://www.wsj.com/finance/commodities-futures/base-metal-prices-rise-in-london-after-u-s-u-k-ban-russian-origin-metals-dac4cd54
2 months ago
8-10% growth in steel demand in India likely in FY25
https://www.thehindubusinessline.com/companies/8-10-growth-in-steel-demand-in-india-likely-in-fy25-tv-narendran/article68098555.ece
2 months ago
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
steel sector will be the next theme to play.....buy now to be rewarded very soon
2 weeks ago
steel agent like to goreng this way... before raya...slow slow move up ..follow trend
2 weeks ago
steel agent like to goreng this way... before raya...slow slow move up ..follow trend
2 weeks ago
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.
2 weeks ago
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.
2 weeks ago
Mr Sslee. Jan - Mar local rebar price was 2900. Apr til now it rises to 3100. So Annjoo next qr should be better.
2 weeks ago
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!
2 weeks ago
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
1 week ago
Why run.. These supplier will benefit more on data center that is booming now. As most data center sure will use steel
4 days ago
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!
16 hours ago
There are variety of steel, not only steel rebar. Such as steel pipe, hollow section, i-beam, angle etc... See which steel is dropping?
15 hours ago
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?
15 hours ago
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.
14 hours ago
Go check ays annual report..they got ytl data centre projects directly..pe n nta far cheaper than all steel company
11 hours ago
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.
9 hours ago
AYS is also cheaper but seems like not active in discussion. Recommended to buy also.
8 hours ago
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.
8 hours ago
Abram66
still standing strong above RM1
2024-03-14 12:05