【ANNJOO 6556 交流专区】安裕资源

hdcyng

Financial Results

Reference No CA-090220-58822

Company Name	:	ANN JOO RESOURCES BERHAD
Stock Name	:	ANNJOO
Date Announced	:	23/02/2009

Financial Year End	:	31/12/2008
Quarter	:	4
Quarterly report for the financial period ended	:	31/12/2008
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

AJR_4Q08_Results.xls
AJR_4Q08_-_announcement_note.doc

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2008

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2008	31/12/2007	31/12/2008	31/12/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	225,389	656,935	2,222,054	1,947,857
2	Profit/(loss) before tax	-330,320	63,459	105,087	212,385
3	Profit/(loss) for the period	-200,622	69,607	134,853	176,281
4	Profit/(loss) attributable to ordinary equity holders of the parent	-195,773	72,797	139,190	171,420
5	Basic earnings/(loss) per share (sen)	-38.94	14.20	27.31	33.79
6	Proposed/Declared dividend per share (sen)	0.00	8.00	12.00	16.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	1.7600		1.5900

hdcyng

存貨高企或再減記‧安裕資源未渡難關

• 大馬財經

2009-03-26 13:36
（吉隆坡）雖然安裕資源（ANNJOO,6556,主板工業產品組）今年首兩個月銷售量回溫，不過迷你磨砂熔爐計劃拖延，存貨高企可能引發進一步減記，險境尚未完全脫離。
迷你磨砂熔爐計劃拖延
有鑑於此，馬銀行研究維持“完全反映”與目標價1令吉零2仙；興業銀行則將其與錦記鋼鐵（KINSTEL,5060,主板工業產品組）評級從“跑贏大市”下調至“大市一致”，其中安裕資源目標價下滑16%至1令吉18仙，錦記鋼鐵目標價則下修41%至45仙。
此股週三（3月25日）表現疲弱，一度下滑4仙至1令吉零6仙。閉市掛1令吉零9仙，下滑1仙。
馬銀行研究指出，由於今年首兩個月銷售量各達2萬公噸，3月甚至可提高至3萬公噸，料今年首季銷售量累積達7萬公噸，比上季增加35%，不過銷量仍未完全回勇，只佔去年20萬公噸三分之一。
由於全球鋼筋價格仍波動，區域鋼筋價格徘徊在每公噸400美元（約馬幣1440令吉）。不過本地鋼筋價格維持在每公噸1900令吉，主要是受到本地基建計劃支撐，如怡保至巴東勿剎雙軌貨車計劃與檳城第二大橋計劃，出口鋼筋仍不多。而次季料仍受到這些計劃支撐，目前缺乏更多私人產業發展計劃推動。
基建工程放緩展望謹慎
同時，雖然長材鋼需求有激漲跡象，不過國內外建築市場仍非常波動，許多基建工程進度也放緩，展望仍謹慎。
至於迷你磨砂熔爐料受到材料貨運拖延影響，將延至明年3月推出。這間公司對這項計劃開銷已達3億令吉（總額預計5億5000萬令吉，惟未包括板坯連鑄機超過1億令吉成本）。目前工程進度完成60%。
原本預定這計劃1年能節省高達1億令吉，不過若延至明年3月營運，成本節省效益不會在現財政年完全彰顯，料2010年淨利可能下調19%。
不過，配合產能拓展計劃，安裕資源今年首兩個月停止營運，預料4月產能可完全營運，屆時目前總產能可望從每年68萬公噸至75萬公噸。
另一方面，由於去年杪存貨水平企於9億9500萬令吉，因此安裕資源可能會減少採購原料來降低存貨，目前廢鐵量仍可支撐4個月。不過，一旦需求薄弱或產品價格波動，廢鐵存貨將仍有上漲風險，屆時可能影響投入成本。雖然如此，料廢鐵價格不會像去年下半年波動，雖然可能會有更多存貨減記活動，惟不會像去年第4季的3億3500萬令吉龐大。


星洲日報／財經‧2009.03.26

hdcyng

OSK says worst is over for steel mills
April 2, 2009.
OSK Research strongly believes that the worst is over for steel millsdespite the gloomy outlook for the sector and poor earnings visibilityof steel mills.

“Reiterate overweight considering the strongasset backing of the local steel mills that are trading in the range of0.15 times to 0.7 times price over net tangible asset, which are mostlybelow their historical trough level at -1 standard deviation. We thinkthat the long steel companies under our universe at least justify aneutral or buy recommendation,” it added.

However, the researchhouse reckoned that steel mills might be at risk of running intoanother loss-making quarter or two before returning to the black.

“Wethink the potential cumulative losses are limited given the smalldownside on steel prices from current levels. We are keeping our buyrecommendations on Lion Industries (TP: RM1.60), Southern Steel (TP:RM1.82), Masteel (TP: RM1.03) and Kinsteel (TP: RM0.55) but rate AnnJoo (TP: RM1.12), and Perwaja (TP: RM0.70) as neutral,” OSK added.

Bloombergrecently reported that Chinese steelmakers have asked iron oresuppliers to temporarily cut prices by 40% until an annual contractprice agreement is reached.

OSK said based on the old annualcontract price for iron ore and coking coal that was supposed to endTuesday, the blast furnace (BF) cost structure has become much moreexpensive compared with electric arch furnaces (EAF), which enjoy cheapinput from a sharp plunge in scrap metal prices.

“Assuming thenews is correct, the new raw material price will bring BF productioncost only slightly higher than the 2007 level, thus improving thecompetitiveness of iron ore-based producers. The new price mechanism isalso timely Ann Joo’s mini-BF project, as the new costing would renderits investment in hot metal processes economically viable uponcommissioning in 1QFY10,” the research house said.

[ 本帖最后由 hdcyng 于 16-4-2009 01:25 PM 编辑 ]

捕梦网

这两天它升了将近10%～
大家有什么看法

捕梦网

没人讨论这个？
这几个星期来已经升了50%！！

ThermoFisher

今年淨利預測大砍73%‧安裕資源明年放晴
大馬財經  2009-04-15 18:14

（吉隆坡）安裕資源（ANNJOO,6556,主板工業產品組）現財政年料因工廠停工與鋼鐵產品價格走軟影響而遜色，不過在新磨砂熔爐投入營運後，加上全球振興計劃刺激需求帶動，未來兩年盈利可望強勢反彈。

由於近期本地鋼條價格下滑，從2月每公噸2000令吉下滑到每公噸1600至1700令吉，大馬研究下調今財政年淨利預測73%至4300萬令吉。不過大幅上調2010財政年淨利預測177%至1億1900萬令吉，2011財政年則起38%至1億6500萬令吉，主要是預計明年下半年需求開始大漲，鋼坯與鋼條價格回彈，加上新熔爐開始貢獻及美元走高因素。

鋼鐵出口有恢復跡象

安裕資源今年表現料走軟，主要是其首兩個月停產。不過目前已重新營運，預料4月產能可完全恢復。此外，在原料價格走軟下，預料製造業營運盈利賺幅將從去年5%反彈到7至10%。

同時，安裕資源鋼鐵出口最近也有恢復跡象，上週訂單約為4萬至5萬公噸，寫下6個月新高，主要是全球鋼鐵存貨走低關係。

此外，受到全球各種經濟刺激配套帶動需求，過去兩週每公噸鋼坯國際價格已經揚升40美元，暗示鋼鐵價格已經在去年第4季谷底反彈，加上全球各地鋼鐵在今年首兩個月生產量已經下跌22至24%，而本地鋼鐵提煉商的在過去1至2季產能也僅有近50%，料鋼鐵價格可望持續支撐。

“由於中國鋼鐵業正在進行整合計劃，若整合成功，料不僅可以減緩中國過多存貨現象，長期也可支撐國際鋼鐵價格。同時，中國仍維持長鋼產品出口稅在25%，這可讓安裕資源繼續維持長鋼市場主導地位。”

目前，建築相關鋼鐵產品佔過去兩個財政年總盈利57%與77%。

大馬研究表示，安裕資源目前主要焦點是調低存貨與現金管理，計劃將存貨水平從4個月調低至2個月。由於預計出口銷售提高，加上首季停產2個月，料其成品存貨將會在次季攻頂。不過安裕資源已在去年下半年減季存貨高達4億7000萬令吉，目前影響不大。

迷你磨砂熔爐推高生產量

“若迷你磨砂熔爐計劃在明年次季完成後，料其總生產量將可從今年58萬3333公噸提高至80萬至85萬公噸，剛好符合首相政權交替後預計加速推出特定基建工程。”

另一方面，安裕資管計劃進軍中東與越南市場，並計劃擴大新加坡市佔率，以抵銷本地需求減弱利空。安裕資源計劃提高2009財政年出口量至少占生產量50%。

有鑑於此，大馬研究在給予該股本益比9倍偏高水平，並上調至“買進”評級，合理價為2令吉零6仙，主要是提高市場本益比為15倍及重新評估區域鋼鐵股。

此股今日（週三，4月15日）表現不俗，一度上升20仙或14.28%至1令吉60仙。閉市掛1令吉59仙，起19仙。

星洲日報／財經‧2009.04.15

无花

真怀念15分的Warrant卖1.50 的美好时刻

ThermoFisher

从温旧梦的感觉不错吧?

那你有没有考虑过重施故技呢？再一次赚到够够力。。。

无花

故技在进行当中

这次成功的话收获可能不小

ThermoFisher

那我预祝你马到成功。。。

“鸟神”

原帖由 无花 于 16-4-2009 11:30 AM 发表
真怀念15分的Warrant卖1.50 的美好时刻

你有几只涡轮？我也是很怀念１５分，希望ＲＭ１．９７的时刻到来。

无花

N 年前买掉了lo....

hheng

4月7日进涡轮17.5 4月23日41.5，静悄悄也翻了。

华商涡轮近来也静悄悄升了60%

鸟神~

原帖由 hheng 于 23-4-2009 01:12 PM 发表
4月7日进涡轮17.5 4月23日41.5，静悄悄也翻了。

华商涡轮近来也静悄悄升了60%

朋友涡轮今天下降到RM0.385，非常哀伤!!

鸟神~

我有涡轮１１５粒．．．

hdcyng

Ann Joo

What’s Up? … date April 2009

It won its biggest export orders in six months amid signs overseas sales for the industry are recovering. The manufacturer, which swung to a loss in the final quarter of 2008, won overseas orders of 40,000 to 50,000 tonnes.

Global steel inventories are running low, and Ann Joo has almost halved its steel billet stockpile from 120,000 tonnes at the end of 2008.

Steel prices bottomed in the fourth quarter of 2008 (4Q08) and the recovery “appears to be gaining momentum” as stimulus packages around the world filter through.

Financial Results … Ann Joo posted a net loss of RM195.8 million in 4Q08 compared with profit of RM72.8 million a year earlier. It expects exports to reach 50% of manufacturing sales this year, up from about 30%, as Malaysia’s economy slows.

鸟神~

旧新闻，我认为是23 apr 09

鸟神~

安裕非常静，没有人发表。

ken8288

这支股在一个月内帮我开了半翻，然后我把母股卖掉，全换去WB，希望2年内可以开多1，2 翻吧，哈哈

hdcyng

Financial Results

Reference No CA-090525-57406

Company Name	:	ANN JOO RESOURCES BERHAD
Stock Name	:	ANNJOO
Date Announced	:	26/05/2009

Financial Year End	:	31/12/2009
Quarter	:	1
Quarterly report for the financial period ended	:	31/03/2009
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

AJR 1Q09 Results.xls
AJR 1Q09 announcement note.doc

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2009

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2009	31/03/2008	31/03/2009	31/03/2008
		RM'000	RM'000	RM'000	RM'000
1	Revenue	220,127	671,309	220,127	671,309
2	Profit/(loss) before tax	-41,124	125,861	-41,124	125,861
3	Profit/(loss) for the period	-39,924	102,907	-39,924	102,907
4	Profit/(loss) attributable to ordinary equity holders of the parent	-38,866	104,948	-38,866	104,948
5	Basic earnings/(loss) per share (sen)	-7.73	20.28	-7.73	20.28
6	Proposed/Declared dividend per share (sen)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	1.6800		1.7600

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com