Company Overview and News

Margins seen shrinking for steel firms

Still a buy: An Ann Joo Resources facility. UOB Kay Hian maintains its ‘buy’ rating on Ann Joo but has reduced its target price to RM3.60 from RM4.50 previously.

Choo Bee rises 5% on proposed bonus issue

KUALA LUMPUR: Choo Bee Metal Industries Bhd ’s shares got a boost in early trade on news of its proposed bonus issue.

Trading ideas: ViTrox, Frontken, Ireka, Choo Bee, Pavilion Reit

KUALA LUMPUR: JF Apex Research expects ViTrox Corp Bhd , Frontken Corp Bhd , Ireka Corp Bhd , Choo Bee Metal Industries Bhd and Pavilion Real Estate Investment Trust (Reit) to generate trading interest following their latest news.

Steel stocks poised for re-rating

Ready for shipping: A file picture showing steel coils produced at a steel mill in Indiana being prepared for shipping. Local steel stocks have fallen 18.3 after the US announced proposed tariffs on steel and aluminium imports. — AFP

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.

Stainless Steel Pipes and Tubes Market to Grow at 3.55% CAGR to 2022

2017-09-13 prnewswire
Stainless Steel Pipes and Tubes Market has covered and analyzed the potential of Global Stainless Steel Pipe and Tube Market and provides statistics and information on market size, shares and growth factors says a recent research report at

KLCI notches limited gains as region remains subdued

2017-02-20 theedgemarkets
KUALA LUMPUR (Feb 20): The FBM KLCI notched up limited gains at the midday break today as the regional markets remained subdued.

KLCI reverses loss, moves firmly above 1,710 level

2017-02-20 theedgemarkets
KUALA LUMPUR (Feb 20): The FBM KLCI reversed its earlier loss and moved firmly above the 1,710-point level, lifted by the select blue chips.

Choo Bee jumps 8.47% on strong 4Q earnings

2017-02-20 theedgemarkets
KUALA LUMPUR (Feb 20): Shares of steel pipe maker Choo Bee Metal Industries Bhd jumped 8.47% this morning after it saw a more than eightfold jump in net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) on the back of improved average selling price.

KLCI set to extend lacklustre run, defend 1,700-level

2017-02-19 theedgemarkets
KUALA LUMPUR (Feb 20): The FBM KLCI is set to extend its lacklustre run today in line with the slip at most global markets last Friday, but is likely to defend its position above the crucial 1,700-point level.

DRB-Hicom, Choo Bee, CB Industrial, Amcorp Properties, Protasco, Sterling Progress, Pintaras Jaya and Sumatec

2017-02-17 theedgemarkets
KUALA LUMPUR (Feb 17): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Feb 20) could include the following: DRB-Hicom, Choo Bee, CB Industrial, Amcorp Properties, Protasco, Sterling Progress, Pintaras Jaya and Sumatec.

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.

PBA, LB Aluminium, AYS, Paos, Choo Bee, K. Seng Seng, Samchem, YTL E-Solutions, Leader Steel

2016-09-15 theedgemarkets
KUALA LUMPUR (Sept 15): highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum, while six displayed negative momentum.

Stocks With Momentum: Choo Bee, Melewar, Hiap Teck, CN Asia, Leon Fuat, Perwaja, Lion Industries, AYS, Leader Steel

2016-09-14 theedgemarkets
KUALA LUMPUR (Sept 14): highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. All nine stocks displayed negative momentum.

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