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Overview
Financial Highlight
HeadlinesBusiness Background Ann Joo Resources Bhd is primarily engaged in the manufacturing and trading of steel and steel related products. Business activity of the group is divided into two segments namely Manufacturing and Trading segment. Manufacturing segment consist of manufacturing of iron, steel and steel related products such as billets; mild steel round, angle, round, square, flat, wire rods; and black shafts; and Trading segment is involved in trading of steel products such as carbon steel, stainless steel, hardware products, building and construction materials and it also looks into the operations of steel service centers. Further, the group is also involved in investment holding and property management activity. Geographically, it operates in the region of Malaysia and Singapore.
  ivanlau Forget about steel counters in year 2023 & 2024 , worldwide steel oversupply now , wake up guys...... 21/10/2023 10:28 AM  James_Bond Are you blind STFLoser? Or you hv dementia? You didn’t know my recent investment in MI, Greatec, Permata all green and uptrend? Haha… I m laughing to the bank, dude! 23/10/2023 11:53 AM James_Bond Annjoo is one of the companies that could not only sell steels to local MRT/LRT and mega projects, but also could export steels to Ukraine/ Gaza for rebuilding purposes. Haha… 23/10/2023 11:56 AM DividendGuy67 Collected ANNJOO at 1.08, after selling at 1.26 - paid myself a gross dividend of 18 sen :-). Nice price action today. Good price rise, good volume. Looks like majority odds swing low is printed. Now, just ride ... 16/11/2023 12:36 AM DividendGuy67 Thanks to ANNJOO, my portfolio made a new all time high again today! I think many players with exposures should do well too as KLCI printed +15.12 points. Hope everyone is happy! 16/11/2023 12:37 AM monetary Congrates to those bravehearts who collected at 1.02 - 1.03. In the money now! 01/12/2023 3:12 PM DividendGuy67 Added 1.02. Less than 2% portfolio total holdings so far ... look forward to lower prices. 07/12/2023 11:54 PM Abram66 almost hit one year low alrdy, can't consider chasing high if grab it now 08/12/2023 4:09 PM yong1985cm Miti has set up special committee to review the excess capacity for steel within Malaysia, target to present the comprehensive study within 6 months, let see what will they suggest. 24/01/2024 8:51 AM  skyjet One off gain 87.73 mils. The PBT in 4Q23 was mainly due to the recognition of RM87.73 million relating to a gain on bargain purchase from acquisition of a subsidiary. 28/02/2024 5:51 PM kokchengkai steel sector coming soon ,plantation story habis goreng .croc oledi buy in since last week .good news abt steel sector can annouce any time from now 22/03/2024 5:41 PM newbie9893 Steel sector is the next theme to play...buy now to be rewarded very soon 25/03/2024 11:42 AM Abram66 That's rite, newbie9893. The construction sector is on the rise, and building materials will follow up 26/03/2024 5:18 PM Abram66 another catalyst for steel industry https://www.thestar.com.my/news/nation/2024/04/02/penang-lrt-will-be-worth-the-hassle 02/04/2024 5:21 PM ValueInvestor888 Ann Joo has potential to venture into green solar energy and data centre player after purchased of 99% shares in Perfect Channel Sdn Bhd at good bargain price which owns freehold industrial land measuring 436.8 acres... It already successful bid for Lss4 solar in joint venture with other firm earlier https://www.thestar.com.my/business/business-news/2023/06/22/ann-joo-buys-shares-in-perfect-channel-from-kinsteel 04/04/2024 10:57 AM Abram66 Yup, steel price gone up due to this : https://www.wsj.com/finance/commodities-futures/base-metal-prices-rise-in-london-after-u-s-u-k-ban-russian-origin-metals-dac4cd54 16/04/2024 6:15 PM  | |
