Highlights
KLSE: LEONFB (5232)       LEON FUAT BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.50   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 155 Million
NOSH: 310 Million
Avg Volume (4 weeks):69,437
4 Weeks Range:0.49 - 0.52
4 Weeks Price Volatility (%):
96.15%
52 Weeks Range:0.40 - 0.98
52 Weeks Price Volatility (%):
51.02%
Average Price Target: 0.44
Price Target Upside/Downside: -0.06
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  27-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  28-Feb-2019
T4Q P/E | EY: 3.02  |  33.14%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.14  |  0.44
T4Q NP Margin | ROE: 8.71%  |  14.53%

Headlines

Date Subject
06-Apr-2018 Steel Peers Comparison @ 5th April 2018; ANNJOO, LIONIND, SSTEEL, MASTEEL, LEONFB, CHOOBEE - oldfriendsinvesting
03-Apr-2018 Daily Technical Highlights – (MASTEEL, LEONFB)
02-Mar-2018 Why Malaysia Steel Share Price is Plunging? Koon Yew Yin
28-Feb-2018 Daily Technical Highlights – (LEONFB, MAGNUM)
28-Feb-2018 两发反弹迈向RM1.06/敏源

Business Background

Leon Fuat Bhd is engaged in the provision of management services through its subsidiaries. It operates through three segments: Trading of Steel Products, Processing of Steel Products, and Others. It mainly involves in the buying and selling of flat and long steel products and also offers value-added services to flat and long steel products in the form of cutting, leveling, shearing, profiling, bending, and finishing as well as production of expanded metal and Other segment includes steel materials such as tool steel and non-ferrous metal products such as bronze, brass, aluminum, and copper. It operates in two geographical areas; Malaysia and Republic of Singapore. The majority of the company's revenue is derived from the Trading of Steel Products and Processing of Steel Products.
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  4 people like this.
 
Attackofpants Excluded the other income, the net profit will be 8.245mil, but you should add back those cost related to the disposed land too which is 3.82 mil legal fee and relocation and rectification. So the actual net profit without consider the other income should be 12.065 mil.
28/02/2018 17:09
Alex Shee @AllWin, Attackofpants had answered ur question
28/02/2018 19:02
Pandazking There are many ways to make money from the stock market. Our famous Mr Ooi Teik Bee strictly follows his FA and TA system and teaches his method.

Mr Fred Tam strictly follow charts and he also teaches his system.

I just look at FA and TA but I do not strictly follow them because I look at the company’s business especially its profit growth prospect.

After I have tried various methods over the years, I have formulated my share selection golden rule which is as follows:

I will start to buy a little when I see the company reported a sudden jump in profit. When I see the company again reported increase profit for another quarter, I will buy more aggressively.

During the Asian Flu epidemic about 7 years ago, the demand for rubber gloves far exceeded supply. All the glove manufacturers were making phenomenal increasing profit every quarter and all their share prices were shooting through the roof.

Among all the glove manufacturers, I selected Supermax which shot up from 95 sen to Rm 6.20 per share within 15 months. During the epidemic, the Health Authorities took extra precaution to prevent the spread of the deadly virus. The use of gloves to handle almost everything was recommended. Temperature X-ray equipment was installed at every airport for every incoming passenger to pass through.

During that period there were so many analyst reports and recommendations and Top Glove was the most highly recommended. But I chose Supermax because it reported losses before the epidemic crisis and the share was selling at 95 sen per share, below par value. Every financial institution and investors must have glove company shares at that time.

The daily turnover for Supermax was more than 10 million shares. As soon as I saw there was no more an X-ray equipment at the airport when I returned from Hong Kong, I called my remisiers to sell all my holdings of Supermax. I managed to sell all my shares within a few days at above Rm 6 per share.

I also follow my share selection golden rule to buy Latitude Tree, VS Industry and Lii Hen and I became the second largest shareholder in Latitude Tree, VS Industry and Lii Hen at one time.

Each of these counters I mentioned above, went up a few hundred per cent within 1 or 2 years.

I was told that my share selection golden rule is unorthodox and it is not written in any text book.

There is an English say “Exception proves the rule. If there is no exception, there is no rule”.

In the case of my purchase of Jaks, I did not follow my share selection golden rule. I also did not follow FA & TA to start buying JAKS. In fact, I remember that I bought 6.8 million shares on 28 February last year when the company reported losses and the chart was dropping like a bomb.

Many people including my closest friends thought I was crazy to buy so many shares when the company just reported heavy losses.

FA and TA do not tell the future performance of the company.

Remember the accounts and financial statements and the price chart do not tell you the future profit growth prospect which is the most powerful catalyst to move share prices.

As an entrepreneur, I could see Jaks will have a tremendous profit growth from its 1,200 MW coal fired power plant in Vietnam. It looks so unbelievable that Jaks with such a small market capitalisation can eventually own 40% of the power plant with the Chinese parties who are responsible for the finance and construction of the power plant.

Jaks and his JV partners are sure of making profit every year for 25 years because the lawyers of the 3 Chinese National Banks must have gone through the power purchase agreement thoroughly to ensure the borrowers can make profit to return the loan. Since the loan of about Rm 7.7 billion is from the Chinese National Banks, the Vietnamese Government must honour the power purchase agreement.

Based on my business sense, I think the Chinese JV partners who are prepared to put in several billion Ringgit to own 60% of the power plant business, it is only logical they will soon want to buy some Jaks shares from the open market. Can you imagine how the share price will shoot?

Readers of I3investors’ comments on Jaks

With good intention, I have written several articles to encourage people to buy the shares. I was so frustrated when I see so many people ridiculed me in i3investor forum earlier. Now after the recommendations of Public Bank and Affin Hwang, I do not see any senseless comments.

Fortunately, just a days ago, Public Bank analyst published a very comprehensive report after his visit of the power plant construction in Hanoi. His target price is Rm 1.75 per share.

Affin Hwang analyst also published his site visit report with a target price of Rm 2.25 per share.

Mr Ooi Teik Bee did not buy Jaks after his site visit because he follows his FA and TA strictly. He does not want to look at its business. He will onl
28/02/2018 23:36
Davidl Result considered better than expected!
28/02/2018 23:41
Tay Boon Yong Market sentiment hurt by weak DJI...
01/03/2018 09:03
RJ87 Feels like somebody’s disciples are trying to cash out. Lol!
01/03/2018 09:45
meiling0809 I super angry !!!!!
no dividend and share price din up a lot !!!!!
my BMW become BMX !!!!!
01/03/2018 14:27
Indahnya this is what happen when people's expectations are too high. when it's under expectations....share price drops. like what happen to hengyuan
01/03/2018 15:29
Jolin Lai Chi Pet will hit Rm1 b4 AGM
02/03/2018 12:22
Dartmaster Will hit rm 70 cents b4 AGM due to poor performance
02/03/2018 12:25
moneymoneykl Leonfb...
Sad
02/03/2018 14:10
gadgetng is US policy on the import tax affecting LEONFB?
02/03/2018 14:23
jibbie im out
02/03/2018 14:59
Plastic789 Beautiful China’: Beijing starts the biggest shutdown of steel factories in history

https://unearthed.greenpeace.org/2017/10/30/china-starts-the-biggest-shutdown-of-steel-factories-in-history/

What's the effect of above action?
04/03/2018 06:10
Alex Shee @meiling, dividend will be announced followed with the annual report. i guess will around three sens, if they decide pay out special dividend, it will be more!
04/03/2018 16:08
RJ87 Above expectation when market is trading above sector PE. Before QR out already Trading below PE. After QR out, it’s trading even lower PE.

Which part of above scenario indicates high expectation le? If Market trade LEONFB at PE 20, then I agree expectation is crazy high. But PE 5? U probably need to grow a brain to say it’s expensive.
04/03/2018 23:37
Jolin Lai Chi Pet bought at 84 cents..............u all better buy on weakness. sell above Rm1
05/03/2018 13:10
meiling0809 @Chean Yeh

thank you for your input
But I out on last week and today drops more, luckily I manage to run away in profit

since there is potential special dividend followed by the annual report, i will wait it patiently and reenter this counter at good timing/good entry price. For me, now is the time to push down the price and probably lower than 80 cent.

Eventually the counter is good and PE is low, but not so suitable to me this kind of impatient person.
05/03/2018 14:04
Goldchia MH Seller T+4 today. They must buy back now.
06/03/2018 18:27
Davidl Standby at 75cts!
06/03/2018 22:07
jibbie it should go up today. wished i held on longer
07/03/2018 08:53
meiling0809 no hurry in grabbing this stock
it will go lower and just buy at lower price
now is catching knife and you will get hurt if you catch it now
07/03/2018 10:16
Sebastian Sted Power management shall consider give special DIV from the earlier disposal gain.
07/03/2018 16:26
leslieroycarter Co is buying now for treasury shares...no more drop for sure...
08/03/2018 14:59
aidan89 @leslieroycarter How do you know this?
08/03/2018 15:51
Alex Shee @meiling0809, u may hope the share price drops for u, but no need to gossip here. U should respect the rest of us who were holding the stock.
08/03/2018 23:05
Goinvest88 https://www.thestar.com.my/business/business-news/2018/03/09/trump-sets-steel-and-aluminum-tariffs-mexico-canada-exempted/
09/03/2018 07:49
asdf The market has over reacted to the US tariffs hike.
12/03/2018 10:11
Cindy Lee It will reach rm 9.20 in 3 weeks time....go buy now
13/03/2018 17:20
Goinvest88 Cindy, are you ok?
14/03/2018 06:54
hebeds u mean 0.92 is it? steel stock all gg dy
14/03/2018 11:15
Cindy Lee but Leong Fat export to US accounts less than 1%
16/03/2018 16:35
Goinvest88 Don’t worry ajib very good Frens with D.Trump
17/03/2018 16:36
asdf Will it come down to 0.60?
20/03/2018 12:53
Cindy Lee It will rise to 0.90 after recovery adjustment of the shock (Malaysians over reacted and don't understand their nature of business )....watch it rise soon...they are merely distributors of steel locally...that tariff won't affect them much.. better go and buy their shares while it's low
21/03/2018 11:11
RJ87 The reason for the plunge is that with the import tariff in US will flood the global market with supplies. And these excess supplies might sips into our local market despite our barrier setup by MITI to protect our local industries. Now, it's a matter if global price could go lower despite import price imposed by MITI. If it does, that might hurt the revenue of our local industries.

How far the impact of supply flooding would affect us isn't something we have foresight.
What i'm betting on is they keep their revenue and profit margin. Things should be alright.
28/03/2018 11:27
nakata The only thing i'm not happy with LeonFB is dividend :(
28/03/2018 23:36
asdf could it be something negative happening to its performance causing the price to decline?
29/03/2018 09:11
JayC LEONFB most similar to HIAPTEK. hopefully will also get good result like hiaptek
29/03/2018 19:04
JayC 27 Jun 2018
Entitlement date
29 Jun 2018
Entitlement time
05:00 PM
Entitlement subject
Final Dividend
Entitlement description
Final single-tier dividend of 1.5 sen per share in respect of financial year ended 31 December 2017
Period of interest payment
to
Financial Year End
31 Dec 2018
Share transfer book & register of members will be
to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
SYMPHONY SHARE REGISTRARS SDN BHD
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301Petaling Jaya
Tel:0378490777
Fax:0378418151
Payment date
25 Jul 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
29 Jun 2018
13/04/2018 11:15
JayC leonfb declare div RM 0.015/share
13/04/2018 11:19
funitec If Eps continue or even 3/4 of last 3 qtrs, will look beautiful.whole market is depressed, just waking up.
17/04/2018 16:23
Albukhary SSTEEL posted a good result, I believe Leonfb will be benefited as well.
16/05/2018 08:15
swtue2 http://www.enanyang.my/news/20180710/中国新一轮钢铁停限产-唐山再压减781万吨/
is time to accumulate good FA stock...
11/07/2018 07:54
swtue2 Is time to up^^
12/07/2018 15:41
robert168 up up up
12/08/2018 22:18
funitec MERDEKA ! Holiday effect? Whats going on......all stocks down : index above 1800??
30/08/2018 14:54
funitec Last qtr profit margin drop: BUT NTA increase.Plan to trap capital, or what?
30/08/2018 14:55
godhand can hantam a abit
03/10/2018 08:55
organic godhand. sure or not
01/12/2018 08:24


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