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Last Price Today's Change   Day's Range   Trading Volume
0.745   -0.01 (1.32%)  0.73 - 0.765  2,192,800
7,655 comment(s). Last comment by dompeilee at Nov 23, 2020 2:50 PM
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ming
1550 posts

Posted by ming > Nov 22, 2020 12:41 AM | Report Abuse

Still wonder how big the fire damage to their production.. no announcement at all..


dare2join
32 posts

Posted by dare2join > Nov 23, 2020 10:05 AM | Report Abuse

https://www.theedgemarkets.com/article/construction-begins-johor-bahrusingapore-rts-project


ChoCho
317 posts

Posted by ChoCho > Nov 23, 2020 10:17 AM | Report Abuse

short-mid term rise is possible and sustainable due to good result from recovery in selling price and volume. huge demand from China due to China 14th Five Years Plan to boost commodity reserve. This is also evidenced by the rising of dry bulk cargo prices and counters like Maybulk and similar commodity/metal China listed counters. Infrastructure is the safest play for all governments to boost GDP post covid recovery. The tide will lift all boats.


Invest33
127 posts

Posted by Invest33 > Nov 23, 2020 2:45 PM | Report Abuse

TASHIN (0211) - Steel-ing the limelight

Current Price: 0.255

Why should we look into Tashin?

1. Tashin posted strong Q3FY20 results as their net profit was up by 1134% on QOQ basis and 183% YOY. Revenue for the quarter was the highest ever since their IPO in 2019.

Source: https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0211

2. Malaysia has started with some of the latest mega projects like ECRL & RTS which definitely requires steel therefore the demand for steel will increase.

Source: https://www.channelnewsasia.com/news/asia/malaysia-construction-singapore-johor-rts-bukit-chagar-station-13615148

https://www.malaymail.com/news/malaysia/2020/11/18/transport-ministry-ecrl-project-ahead-of-schedule-to-proceed-with-existing/1923842

3. Iron price has surged up almost up 38 per cent, according to data from S&P Global Platts and set to average $100 a tonne for the first time since 2013.

source: https://www.ft.com/content/2a0f550c-4075-48ef-bda0-0f9e615ba8fb

Conclusion

As we can see from the quarterly performance of Tashin we can see that Tashin has definitely up it’s ante as their result soared up quite significantly.

With the major mega projects now already kick start steel will see it’s demand to increase therefore local steel players will definitely benefit from this.

Iron ore price has being going up and Companies like ChooBee & CSCSteel has shown quite good result. This is probably a step moving ahead in tandem with the demand of iron.


dompeilee
7460 posts

Posted by dompeilee > Nov 23, 2020 2:50 PM | Report Abuse

dompeilee Bought AnnJoo @ 74c
06/07/2020 10:29 AM

It has been awhile =)

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