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Article: Ann Joo downgraded to `hold' by AmResearch
- Article from:
- New Straits Times
- Article date:
- September 20, 2008
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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New Straits Times
09-20-2008
Ann Joo downgraded to `hold' by AmResearch
Edition: Main/Lifestyle
Section: Business Times
Type: Market
AMRESEARCH Sdn Bhd has downgraded shares of Ann Joo Resources Bhd, a steel maker, due to falling steel prices and rising political risk.
The research house now rates the stock a "hold" with a target price of RM2.38. Ann Joo closed at RM2.58 yesterday.
"There are looming uncertainties surrounding the price of steel post-Beijing Olympics," analyst Mak Hoy Ken said in a report.
Domestic consumption of steel would also be affected by the lack of new projects, following Budget 2009 and further delays in the roll-out of big jobs under the Ninth Malaysia Plan.
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Article: Ann Joo buys Kimble stake
The Malay Mail;
October 22, 2003 ;
371 words
...ANN Joo Corp Sdn Bhd, the biggest shareholder of Ann Joo Resources Bhd, bought a substantial stake in Kimble Corp ... Kuala Lumpur Stock Exchange (KLSE), Kimble said that Ann Joo Corp bought 4 million shares, which represent an 8.89 ...
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