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Overview
Financial Highlight
Headlines
Business Background Choo Bee Metal Industries Bhd is a Malaysian based company engaged in the processing of steel coils into steel products, fabrication of steel products and trading of hardware products. The firm manufactures steel products for oil and gas application, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The company is organized into trading and manufacturing divisions. Entire revenue from operations of the company is generated in Malaysia.
  nakata Agreed, really undervalue and it is the best earning steel counter so far 30/11/2021 11:13 PM stockraider So good result yet share price only move an inch! Likely mkt is preparing big future impairment in view of steel price is falling loh! 01/12/2021 10:35 AM Invest_888 Choobee earning is really very good but very stingy in paying dividend. Latest 3 quarters financial result the total earning is 61cent but only pays 3 cent. Keeping a lot cash on hand. 01/12/2021 10:46 AM Jeffbkt In the old days, share price will most likely shoot up when company reported a very good earning. However, after the glove counter fiasco where many are trapped, the sentiment towards cyclical stocks is weakening. So is Choo Bee catagorised as cyclical stocks, is their products earning is capable to sustain the high margin in the next few quarters is what investor need to know. One thing observe in the steel company latest QR is that most of them has the concern of demand softening in Q4. Besides mostly reported negative free cash flow and cash level dwindling which should be due to high inventory. So may be this is the reason price is not moving at all despite good earning 01/12/2021 10:57 AM Invest_888 Jeffbkt One thing observe in the steel company latest QR is that most of them has the concern of demand softening in Q4. Besides mostly reported negative free cash flow and cash level dwindling which should be due to high inventory. So may be this is the reason price is not moving at all despite good earning. Exactly, higher inventory is not good for the steel companies esp the steel price is lower now. Anyway, as long as the steel price is above 4000 CNY/T and can keep the receivables at healthy level, steel stocks earning is ok. 01/12/2021 2:01 PM BursaRangers https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2022-02-17-story-h1598522243-BursaRangers_Daily_Technical_Picks_18_February_2022.jsp 17/02/2022 8:33 PM  ðââï¸æ亲å»äºæ²³åº ð¦æäºç¥é»å®ç½ Closing the 2021 financing with x 5 net profit vs preceeding year. Super good 23/02/2022 6:53 PM ðââï¸æ亲å»äºæ²³åº ð¦æäºç¥é»å®ç½ pe 2.6 time nia. need construction sector to fire up baru steel can goreng-up ke ? 23/02/2022 6:55 PM  Tobby Seems almost all steel stocks posted fantastic result! The remaining next month! Should be the same! 24/02/2022 6:47 AM chankp7010 Choo Bee QR is so good yet the market price is not response positively. The main reason could be due to tightfisted Board of directors. They did not even want to declare dividend for minority shareholders. Just image, a ripen tree full of fruits, the owner does not want to share to onlookers or shareholders, what can you do? You cannot do anything, except perhaps avoid buying into this "good" yet stinky counter. 24/02/2022 10:25 AM BursaRangers https://klse.i3investor.com/blogs/BursaRangersResults/2022-02-26-story-h1599320988-BursaRangers_Daily_Technical_Picks_Review_26_February_2022.jsp 26/02/2022 8:52 PM Markv572421 Why Malaysia market hard to climb one ...always red red red .......Malaysia want to bankrupt already ? 14/04/2022 2:53 PM Edwardong53 The Mgmt and contolling shareholders very selfish and inconsiderate as only they only know to reward themselves with directors' fees and perks; and ignoring the retail investors who are supporting this company. A very typical "CHINESE AH BEK" type of Mgmt/Controlling shareholders 15/06/2022 12:54 PM Markv572421 ini counter choobee banyak susah .....wasting time to buy ...not worth for investor !!! 04/08/2022 10:42 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
