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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.
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. (1-0)
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. (4-0)
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. (0-3)
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. (0-1)
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. (0-1)
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.
KUALA LUMPUR (March 23): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed zero stock with positive momentum and eight with negative momentum.
KUALA LUMPUR (Feb 29): Moody's Investors Service expects overall earnings of steel producers in Asia to fall further this year due to production volumes, and spreads (profit margins) will contract further against the backdrop of oversupply and the resulting low prices. In a statement today, Moody's said steel producers in Asia will see their overall earnings in 2016 fall to levels even lower than the weak results reported in 2015, while spreads will contract further.