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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. (0-3)

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. (0-1)

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. (0-1)

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.

Malakoff Corp, ML Global, Anzo Holdings, Kanger International, M3 Technologies (ASIA), CSC Steel Holdings, Ann Joo Resources, Cypark Resources

2016-03-23 theedgemarkets
KUALA LUMPUR (March 23): 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.

Moody's expects Asian steel makers' earnings to fall further in 2016

2016-02-29 theedgemarkets
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.

Padini, CSC Steel, Pavilion REIT, Tien Wah, Kia Lim

2016-02-24 theedgemarkets
KUALA LUMPUR (Feb 24): highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and two with negative momentum. The stocks with positive momentum are: Padini Holdings Bhd, unchanged at RM2.18 CSC Steel Holdings Bhd, down 3 sen at RM1.27 Pavilion REIT, up 1 sen at RM1.66 The stocks with negative momentum are: Tien Wah Press Holdings Bhd, down 18 sen at RM2.

BIG, CSC, CBIP, Pan Malaysia, Pelikan, Ni Hsin

2016-02-22 theedgemarkets
KUALA LUMPUR (Feb 22): highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and two with negative momentum. Stocks with positive momentum were : B.I.G Industries Bhd - down 0.5 sen at 71 sen CSC Steel Holdings Bhd - up three sen at RM1.27 CB Industrial Product Holding Bhd - up 10 sen at RM2.14 Pan Malaysia Corp Bhd - down one sen at 30 sen Stocks with negative momentum were: Pelikan International Corp Bhd - up 4.

EKA Noodles, Sern Kou, Farm's Best, CSC Steel, Cliq

2016-02-03 theedgemarkets
KUALA LUMPUR (Feb 3): has highlighted five stocks with momentum at afternoon market close today. One stock shows positive momentum while four stocks show negative momentum. The stock with positive momentum is: EKA Noodles Bhd up 0.5 sen to 17 sen The stocks with negative momentum are: Sern Kou Resources Bhd down one sen at 74 sen Farm’s Best Bhd up 3 sen at 90 sen CSC Steel Holdings Bhd unchanged at RM1.