Company Overview and News

Stock With Momentum: Choo Bee Metal Industries

2018-08-16 theedgemarkets
TRADING of the shares in Choo Bee Metal Industries Bhd (fundamental: 2.05/3, valuation: 3/3) triggered our momentum algorithm yesterday for the first time this year. The counter saw 774,300 shares traded compared to its 200-day average of 129,530.5.

KLCI pares gains as regional markets retreat

2018-08-15 theedgemarkets
KUALA LUMPUR (Aug 15): The FBM KLCI pared some of its gains at the midday break today as regional markets retreated.
0090 7192 7036 5681 BATS 4162 5202 5168 9334 KLKBY 2445 5347 3301 5797 3867 TNABY TNABF HRGHY

Choo Bee jumps 6.38% on strong 2Q earnings

2018-08-15 theedgemarkets
KUALA LUMPUR (Aug 15): Shares in Choo Bee Metal Industries Bhd jumped 6.38% this morning after its second quarter net profit rose 62.51% on-year to RM10.25 million from RM6.31 million, on higher selling prices and better margins.
5797 BSMAF 1818

KLCI holds on to marginal gains as Petronas-linked stocks lift

2018-08-15 theedgemarkets
KUALA LUMPUR (Aug 15): The FBM KLCI held on to its marginal gains at mid-morning today, despite the retreat at most regional markets, propped up by Petronas-linked stocks.
APEXF 5161 7090 0090 7192 8621 5681 JCYBF BATS 4162 7034 6033 5101 PNADF 3301 5797 6556 5819 PNAGF

KLCI stages mild rebound, gains seen capped

2018-08-15 theedgemarkets
KUALA LUMPUR (Aug 15): The FBM KLCI staged a mild rebound in early trade this morning, lifted by select blue chips but any gain is seen capped.
HLFBF 5797 7668 6645 0090 4405 1082 5681 3034

Choo Bee 2Q net profit up 63% on better margins, selling prices

2018-08-14 theedgemarkets
KUALA LUMPUR (Aug 14): Choo Bee Metal Industries Bhd's second quarter net profit rose 62.51% on-year to RM10.25 million from RM6.31 million, on higher selling prices and better margins.
5797 BSMAF 1818

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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Challenging outlook seen for construction in 2H18

2018-07-18 theedgemarkets
Construction sector Maintain neutral: Post-14th general election, the new Pakatan Harapan government embarked on a review of all megaprojects, as promised in its election manifesto. The Kuala Lumpur-Singapore high-speed rail (RM60 billion to RM70 billion) and mass rapid transit Line 3 (MRT3) (RM40 billion) were shelved shortly thereafter. Although there were reports regarding the revival of these projects, we reckon that chances are slim in the near term.
9261 5843 3204 5797 5072 7014 9679 7078 5056

The Week Ahead: Focus on oil price and full Cabinet line-up

2018-06-18 theedgemarkets
The possible announcement of the full Cabinet line-up could be among the highlights this week, even as businesses continue to cash in on the World Cup 2018 fever and the zero-rated Goods and Services Tax (GST) “tax holiday”. There was no Cabinet meeting last Wednesday (June 13) with Prime Minister Tun Dr Mahathir Mohamad just returning from a work trip in Japan (June 11 and 12) and Hari Raya Puasa festivities on June 15 and 16.
8591 5139 9571 5797 1996 0900 5263 5098 0065 5156

Perak MB confirms Zambry no longer in official residence

2018-06-08 malaymail
IPOH, June 8 — Perak Mentri Besar Ahmad Faizal Azumu denied his predecessor Datuk Seri Zambry Abd Kadir refused to move out from the former’s official residence.

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.
5797 6556

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.
5797 5212

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
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