Exceptional Q3 earnings seen for steel firms


Government investigators and independent auditors are trying to get to grips with yet another wealth management product (WMP) gone awry in China, one that the government itself had promoted.. (A Reuters file picture shows workers direct a crane lifting newly-made steel bars at a factory of Dongbei Special Steel Group Co., Ltd., in Dalian, Liaoning province, China.)

PETALING JAYA: UOB Kay Hian Research is expecting an exceptionally strong earnings season for steel companies in the third quarter (Q3) of this year.

This is due to the continued surge in steel prices in the month to date for August.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , steel sector , Ann Joo , construction

   

Next In Business News

Ringgit likely to face cautious trading next week
M&As in the spotlight
Key stocks to watch in 2025
Give GLICs the green light to ramp up overseas investments
Bringing the outdoors in
Will the JS-SEZ work?
Sime Motors partners with PSM to advance green mobility
Asia and EMs offer compelling value
Vincent Tan seeks new partner in HSR bid
Sofa so good, feels like new

Others Also Read