Ann Joo outlook seen positive on rising steel prices


PETALING JAYA: Rising steel prices and the lower cost of coal are positive for steel maker Ann Joo Resources Bhd, UOBKayHian Research Malaysia said.

The research house anticipates a slightly better financial performance for the company in the fourth quarter of 2016, with core net profit ranging between RM25mil-RM30mil.

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Business , Ann Joo

   

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