Company Overview and News

CSC Steel 1H profit below expectations on higher costs

2018-08-21 theedgemarkets
CSC Steel Holdings Bhd (Aug 20, RM1.30) Maintain hold with a lower target price (TP) of RM1.34: CSC Steel Holdings Bhd’s net profit for the first half of its financial year 2018 (1HFY18) of RM21 million came in below expectations, accounting for 36.1% and 41.7% of our and street’s full-year estimates.

Trading ideas: PIE Industrial, MFM, Star Media, Pharmaniaga, CSC Steel

KUALA LUMPUR: PIE Industrial Bhd , Malayan Flour Mills Bhd (MFM), Star Media Group Bhd , Pharmaniaga Bhd and CSC Steel Holdings Bhd are among the stocks to watch on Monday, according to JF Apex Research.
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CSC Steel's profit falls in 2Q as costs rise

2018-08-17 theedgemarkets
KUALA LUMPUR (Aug 17): CSC Steel Holdings Bhd announced today a 28% year-on-year decline in net profit in its second quarter ended June 30, 2018 (2QFY18), after being hit by higher transportation costs and a significant drop in sales of higher margin products.

Steel sector to be hit by more global headwinds, says MIDF Research

2018-08-13 theedgemarkets
KUALA LUMPUR (Aug 13): Malaysia's steel sector is likely to experience further headwinds, as global demand is likely to be further hit by shaky demand from China's waning construction sector, in addition to risks from trade war tariffs, said MIDF Amanah Investment Bank Bhd Research.
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Steel manufacturers in a tight spot

2018-08-08 theedgemarkets
LOCAL steel manufacturers have found themselves in a tight spot again. Steel product manufacturers in the downstream segment have been exploiting loopholes in local anti-dumping regulations to bring in flat steel products, specifically cold rolled coil (CRC), at prices too low for local steel manufacturers to match.
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