Ann Joo News Today

Sunview Group Bhd has secured a quota totalling 59.98 megawatts (MW) under the Corporate Green Power Programme (CGPP), an initiative by the Energy Co.mmission

PETALING JAYA: Sunview Group Bhd has secured a quota totalling 59.98 megawatts (MW) under the Corporate Green Power Programme (CGPP), an initiative by the Energy Commission (EC).

AFTER a strong 2021, thanks to higher selling prices, many steel producers could be looking at compressed margins and a normalisation in selling prices this year.

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd is poised to post another record results in 2022, as the aluminium prices are expected to stay high in the near term while its fully commissioned P3 plant will lead volume growth.

Companies expected to register better earnings

KUALA LUMPUR: Stocks on investors' radar screen include SEM, Crest Builder, ATA IMS, EPMB, Glomac, Hong Leong Bank, Leon Fuat, IJM, MyEG, IHH, Ann Joo, Barakah, UMW, KPower, Sime Darby, Public Bank, MBSB, Velesto Energy, QL, Tiong Nam and Lii Hen, according to JF Apex Research.

ACCORDING to the Malaysia Steel Institute, an inadequate global supply of raw materials — specifically, iron ore and steel scrap — because of the Covid-19 pandemic led to a surge in steel prices since the fourth quarter of last year. A recent report by Fitch Solutions Country Risk and Industry Research notes, however, that the iron rally has ended and prices have collapsed as supply of the commodity improved and demand growth slowed.

THE steel industry has reason to cheer this year as the government is making revisions to the iron and steel policy that are expected to benefit local players across the value chain in the long run. The revisions come after a long wait by industry players who had submitted a White Paper in April 2019 at the request of the Ministry of International Trade and Industry (MITI) in 2018. The White Paper was intended to form the basis for a holistic iron and steel policy for developing a more resilien...

are among the most actively traded counters on Bursa Malaysia. Hiap Teck was unchanged at 46.5 sen with over 20 million shares traded. Masteel added 3.85%, or two sen to 54 sen and Lion Industries fell 0.79%, or 0.5 sen to 63 sen. rose four sen to RM7.95, Ann Joo added one sen to RM1.44, Choo Bee advanced nine sen to RM1.69 and Mycron rose three sen to 48.5 sen. The Ministry of International Trade and Industry said the Government is imposing anti-dumping duties on certain flat-rolled steel p...