Company Overview and News
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.
Trade dampener: Soh says Trump’s action is uncalled for as high-end steel products for automotive, aeroplane and transportation industries are mostly imported.
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.
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.
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.
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.
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.
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.
KUALA LUMPUR (Sept 28): The FBM KLCI rose at mid-morning today, in line with the gains at most regional markets.
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.
KUALA LUMPUR (Sept 20): The FBM KLCI retreated at the midday break today, in line with the weakness at most regional markets.
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.
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.
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.
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.
2018-05-21 - Asif
Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
2018-05-21 - Asif
Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...