Company Overview and News

Steel, aluminium stocks hammered

Downtrend: Steel products being stored in an Ann Joo Resources facility. Since the beginning of March, Ann Joo Resources has seen its share price plunging by more than 12.6, Southern Steel Bhd falling almost 10, Hiap Teck Venture Bhd losing more than 12.6, Malaysia Steel Works (KL) Bhd dropping more than 26, CSC Steel Holdings Bhd slipping 8.6 and Choo Bee Metal Industries Bhd declining by more than 10.

Steel an uneasy sentiment

Trade dampener: Soh says Trump’s action is uncalled for as high-end steel products for automotive, aeroplane and transportation industries are mostly imported.

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CSC STEEL Holdings Bhd forged ahead on positive momentum on Wednesday to rise above the short-term descending trend line that has been in place since May 2017.

Trading ideas: CSC Steel, Hexza, Ranhill, George Kent, Guan Chong

KUALA LUMPUR: JF Apex Research expects CSC Steel Holdings Bhd , Hexza Corp Bhd , Ranhill Holdings Bhd , George Kent (M) Bhd and Guan Chong Bhd to attract trading interest following their latest corporate news.

CSC Steel expects prices to remain firm, but whole year outlook is "less predictable"

KUALA LUMPUR: CSC Steel Holdings Bhd net profit jumped in the last quarter ended Dec 31 on the back of a significant increase in steel prices.

CSC Steel Holdings gets ‘buy’ call from AmInvestment Research

PETALING JAYA: AmInvestment Research has initiated covered of CSC Steel Holdings Bhd with a “buy” call and fair value of RM2.14 based on 10 times FY18F earnings per share (EPS), in line with the average forward price-to-earnings (PE) of major global key steel producers.

Tecnic, D.B.E. Gurney, IOI Properties, CSC Steel, Ekovest, Kinsteel, Perwaja, PDZ, Multi Sports and DNeX

2017-02-13 theedgemarkets
KUALA LUMPUR (Feb 13): Based on corporate announcements and news flow today, companies that may be in focus on Tuesday (Feb 14) could include the following: Tecnic Group Bhd, D.B.E. Gurney Resources Bhd, IOI Properties Group Bhd, CSC Steel Holdings Bhd, Ekovest Bhd, Kinsteel Bhd, Perwaja Holdings Bhd, PDZ Holdings Bhd, Multi Sports Holdings Ltd and Dagang NeXchange Bhd.   Minority shareholders of Tecnic Group Bhd have been told to reject the mandatory takeover offer at 63 sen per share by Rohas-Euco Holding Sdn Bhd, Tan Sri Nik Awang @ Wan Azmi Wan Hamzah, Puan Sri Nik Anida Nik Manshor, Sia Bun Chun and Chan Liew Hoon.

Why rally in steel stocks is far from over

2017-02-13 theedgemarkets
KUALA LUMPUR: Many metal stocks have risen sharply of late, mainly due to improving sentiment for commodities in general, supported by China’s commitment to tackle current excess capacity in its steel sector.

KLCI gains 0.32% in line with regional markets

2016-09-28 theedgemarkets
KUALA LUMPUR (Sept 28): The FBM KLCI rose at mid-morning today, in line with the gains at most regional markets.

Steel players’ momentum could be short-lived

2016-09-27 theedgemarkets
KUALA LUMPUR: Steel counters are back in the limelight after the government announced provisional safeguard measures in the form of duties of 13.9% for steel coils and 13.4% for steel rebars imported into Malaysia. Earlier this month, the counters had also rallied in active trade on expectation that Megasteel Sdn Bhd’s suspension of its operation will benefit smaller players.

KLCI retreats in line with regional weakness

2016-09-20 theedgemarkets
KUALA LUMPUR (Sept 20): The FBM KLCI retreated at the midday break today, in line with the weakness at most regional markets.

KLCI rises 0.47% in early trade, gains seen limited

2016-09-19 theedgemarkets
KUALA LUMPUR (Sept 19): The FBM KLCI rose 0.47% in early trade today, but gains were seen limited in line with the pensive regional markets.

Steel counters top gainers after Megasteel’s plant closure

2016-09-15 theedgemarkets
KUALA LUMPUR: Steel counters Melewar Industrial Group Bhd (MIG), Hiap Teck Venture Bhd, Southern Steel Bhd and Leader Steel Holdings Bhd were among the top gainers on Bursa Malaysia yesterday, following reports on the closure of Megasteel Sdn Bhd’s Banting plant.

KLCI to start week on lacklustre note, support between 1,676 – 1,684

2016-08-21 theedgemarkets
KUALA LUMPUR (Aug 22): The FBM KLCI is expected to start the week on a lacklustre note in line with fall at most global markets last Friday, with support seen between 1,676 and 1,684.

Affin, Lii Hen, Elsoft, Tan Chong Motor, Kian Joo, Amcorp Prop, Tune Protect, CSC Steel, Perisai Petroleum, WZ Satu, Vivocom, Pharmaniaga, Zelan and Three-A Resources

2016-08-19 theedgemarkets
KUALA LUMPUR (Aug 19): Based on corporate announcements and news flow today, companies that might be in focus next Monday (Aug 22) include: Affin Holdings, Lii Hen Industries, Elsoft Research, Tan Chong Motor Holdings, Kian Joo Can Factory, Amcorp Properties, Tune Protect Group, CSC Steel Holdings, Perisai Petroleum Teknologi, WZ Satu, Vivocom Intl Holdings, Pharmaniaga, Zelan and Three-A Resources.

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