Company Overview and News

0
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

0
Ann Joo’s FY18 profit seen better on stable sales, higher margins

2018-08-14 theedgemarkets
Ann Joo Resources Bhd (Aug 13, RM2.08) Maintain buy with a target price (TP) of RM2.60: Ann Joo Resources Bhd’s share price has fallen 46% year to date due to the implementation of the US steel import tariff, the review of local megaprojects and the electricity tariff hike. We lower our financial year ending Dec 31, 2018 estimated (FY18E) to FY20E earnings per share (EPS) by 3% to 13% on our expectations of weaker local demand in the second half of 2018 (2H18) and higher electricity cost from 2H18.
6556

0
More headwinds for Malaysian steel sector

2018-08-14 thestar.com.my
Downtrend: An Ann Joo Resources steel facility. Maybank IB, in a report on Ann Joo Resources, noted that the steel company’s share price had fallen 46 year-to-date
6556

0
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.
5797 5665 6556 5094 5087 9199

1
KLCI to trade range bound, move between 1,790 – 1,800

2018-08-01 theedgemarkets
KUALA LUMPUR (Aug 2): The FBM KLCI is expected to trade range bound today within a tight band of between 1,790 – 1,800.
5216 5754 6556 AAPL 5088 8117 0098 5254

0
DRB-Hicom, Malakoff, Bahvest, Boustead Plantations, LKL, MHB, Ann Joo, Utusan, Poly Glass Fibre, Datasonic, Apex Equity and AirAsia

2018-08-01 theedgemarkets
KUALA LUMPUR (Aug 1): Based on corporate announcements and news flow today, companies in focus on Thursday (Aug 2) may include: DRB-Hicom Bhd, Malakoff Corp Bhd, Borneo Aqua Harvest Bhd, Boustead Plantations Bhd, LKL International Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Ann Joo Resources Bhd, Utusan Melayu (Malaysia) Bhd, Poly Glass Fibre (M) Bhd, Datasonic Group Bhd, Apex Equity Holdings Bhd and AirAsia Group Bhd.
5216 5754 6556 5088 MYPRY 8117 5014 0098 5254

0
No gain from Ann Joo’s arbitration against China steelmaker

2018-08-01 theedgemarkets
KUALA LUMPUR (Aug 1): Ann Joo Resources Bhd has been ordered by the Arbitration Tribunal in China to pay a remaining sum of US$3.16 million under a contract with a Chinese steelmaker, following a two-year legal battle involving claims and counter-claims by the two companies.
6556

0
Ongoing projects, export sales seen to sustain Ann Joo’s profit

2018-07-24 theedgemarkets
Ann Joo Resources Bhd (July 23, RM2.02) Maintain hold with a fair value (FV) of RM2.17: We cut our FY18-20 net profit forecasts by 11%, 13% and 31% respectively, reduced our FV by 20% to RM2.17 (from RM2.70), but maintained our “hold” call.
6556

0
Ann Joo down 2.42% on earnings downgrade

2018-07-23 theedgemarkets
KUALA LUMPUR (July 23): Ann Joo Resources Bhd shares fell 2.42% at mid-morning today after AmInvestment Research maintained its “Hold” rating on the stock at RM2.07 with a lower fair value of RM2.17 (from RM2.70).
6556

1
Ann Joo looks abroad to tackle slumping domestic demand

2018-06-25 theedgemarkets
KUALA LUMPUR: Ann Joo Resources Bhd has started to look more closely at export markets to mitigate slowing local demand for steel products in the wake of the large scale back of infrastructure projects in the country by the new Pakatan Harapan administration.
6556

1
Ann Joo may rebound further, says RHB Retail Research

2018-06-11 theedgemarkets
KUALA LUMPUR (June 11): RHB Retail Research said Ann Joo Resources Bhd may rebound further after it tested the RM2.00 support recently.
6556

1
Margins seen shrinking for steel firms

2018-05-07 thestar.com.my
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

1
Rollout of big projects to drive steel industry in 2018

2018-04-23 thestar.com.my
According to its group managing director Datuk Lim Hong Thye, higher steel demand in Malaysia would be driven mainly by the full rollout of several big infrastructure and property projects. Ann Joo Resources is Malaysia’s largest steel company(pic) by market capitalisation at RM1.67bil.
6556

7
Steel stocks on a roll

2018-04-10 thestar.com.my
KUALA LUMPUR: Shares of steel companies on Bursa Malaysia traded higher in early trade Tuesday as metal prices became firmer.
5665 6556 8869 5098 BSMAF 1818

5
Ann Joo to raise RM3.6mil from conversion of RCPS into ordinary shares

2018-03-23 thestar.com.my
PETALING JAYA: Steel miller Ann Joo Resources Bhd will raise nearly RM3.6mil from the conversion of redeemable convertible cumulative preference shares (RCPS) into ordinary shares.
6556 BSMAF 1818

Related Articles

REPH: Recro Pharma Analysis and Research Report

3h - Asif

Overview Recro Pharma is a specialty pharmaceutical company that operates through two business divisions: an Acute Care division and a revenue-generating CDMO division. Each of these divisions are deemed to be reportable segments for financial reporting purposes. The company's Acute Care segment is primarily focused on developing and commercializing innovative products for hospital and related acute care settings. The company's lead product candidate is a proprietary injectable form of meloxicam, a long-acting preferential COX-2 inhibitor. IV meloxicam has successfully completed three Phase III clinical trials for the management of moderate to severe pain, consisting of two pivotal efficacy trials and a large double-blind Phase III safety trial, as well as other safety studies. Overall, the total new drug application, or NDA, program included over 1,400 patients. In late July 2017, the company submitted a NDA to the U.S. Food and Drug Administration, or FDA, for IV meloxicam...

ACHN: Achillion Pharmaceuticals Analysis and Research Report

3h - Asif

Overview Achillion Pharmaceuticals is a clinical-stage biopharmaceutical company focused on advancing its oral factor D inhibitors into late-stage development and commercialization. Each of the drug candidates in its oral factor D portfolio was discovered in its laboratories and is wholly owned by it. Achillion Pharmaceuticals is focusing its drug development activities on alternative pathway-mediated, rare diseases where there are no approved therapies or where existing therapies are inadequate for patients. To advance its investigational drugs into phase III and commercialization, the company plan to work closely with key stakeholders including patients, payors, regulators and healthcare professionals. The company's first-generation factor D inhibitor, ACH-4471, has demonstrated preliminary clinical proof-of-concept in patients with C3 glomerulopathy, or C3G, a disease affecting the kidney, and paroxysmal nocturnal hemoglobinuria, or PNH, a blood disorder, and has advanced...

BTE: Baytex Energy Trust Analysis and Research Report

4h - Asif

General Baytex Energy Corp. was incorporated on October 22, 2010 pursuant to the provisions of the ABCA. Baytex is the successor to the business of Baytex Energy Trust, which was transitioned to Baytex on December 31, 2010. Inter-Corporate Relationships The following table provides the name, the percentage of voting securities owned by it and the jurisdiction of incorporation, continuance, formation or organization of its material subsidiaries either, direct and indirect, as at the date hereof. ||Percentage of voting securities (directly or indirectly)|Jurisdiction of Incorporation/Formation| | ------------ | ------------: | :------------: | |Baytex Energy Ltd.|100%|Alberta| |Baytex Energy USA, Inc.|100%|Delaware| |Baytex Energy Partnership|100%|Alberta| Organizational Structure The following simplified diagram shows the inter-corporate relationships among it and its material subsidiaries as of the date hereof. <img src="https://www.sec.gov/A...