KLSE: LEONFB (5232)       LEON FUAT BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.94   -0.03 (3.09%)  0.935 - 0.97  1,965,600
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  5 people like this.
soros228 Thanks u OTB.
16/07/2021 8:02 PM
007007 007007 Good news........EMCO in Selangor and KL lifted. There will be more relaxations as government realises that lockdowns cannot solve the problems effectively. The new strategy is to speed up vaccinations. More industries will be allowed to operate from now on.
17/07/2021 11:20 AM
17/07/2021 11:23 AM
007007 Now is a great buying opportunity for all steel stocks.
17/07/2021 11:24 AM
Investing_Bursa KYY is very old and at his age, you lose some of your sharpness and sense of judgement. Its just the cycle of life.....
17/07/2021 1:31 PM
Cheers Kyy is old fox i still believe if tech start to drop.steel will go up again. Steel already drop very bottom so just hold and buy. No holding power just sell.
17/07/2021 10:09 PM
OTB I read all the international news, it indicates steel price is going up until 2022/3.



You need to be patience, do not need to be frightened by rumours of a few bad news and be influenced by these bad news.

Be slow and steady to win the race.

The share price of steel stock began to run up in December 2020, it is still in the infant stage. I strongly believe this run up will last at least 1 to 2 years down the road.

The selling price of steel is already up 100% since the end of last year. Theoretically the share price of all steel stocks should move up north to reflect the fair value. Presently, the share prices of all steel stocks are very undervalued.

Please buy and hold steel stocks until September 2022, you will make a lot of money in the next 14 months.

Thank you.
18/07/2021 8:11 PM
OTB The reason the share prices of all steel stocks move up north today is because the steel price goes up 141 today to 5,593 Yuan/MT.
Please read the below link.

The summary of this link is
The share price of steel stock will perform very well in Q3 2021.

Thank you.
19/07/2021 9:09 AM
OTB Vietnam imposed high export tax and lower import tax for steel products. It means the demand of steel products in Vietnam is very high.

China is cutting production of steel products by 30% in the second half of 2021. The reduction of electricity supply to certain province to reduce production of steel products.

All facts are written on the wall pointing to high steel price scenario.
All these information confirmed that the steel price will go up north in the next 12 months.

Thank you.
19/07/2021 9:28 AM
milosh one word: shortage
19/07/2021 9:30 AM
007007 Leonfb is now the most undervalued steel stock after recent sell off by big short term speculators on margin accounts due to margin calls,
19/07/2021 10:05 AM
Target1 $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
19/07/2021 10:11 AM
007007 The best time to buy is when big speculators have been wiped out.
19/07/2021 10:41 AM
milosh looks like KYY will regret selling soon, if he is not buying all the time at the first place of course
19/07/2021 11:44 AM
ahbah kyy's kitty is overflooded with cash now.

He is now quietly accumulating metal stocks now ?
19/07/2021 11:48 AM
007007 KYY will only tell you to buy after he has accumulated enough.
19/07/2021 12:12 PM
BlessedInvestor KYY said sell, i bought. Managed to buy leonfb from 92 sen till 86 sen. Latter can sell to KYY at RM 1. After he bought at RM 1, he will promote again....
19/07/2021 12:23 PM
milosh ya expect a new article from him soon, with title KL & Selangor almost fully vaccinated - time to buy again
19/07/2021 12:23 PM
007007 Agreed with milosh.
19/07/2021 1:18 PM
Target1 $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
19/07/2021 1:19 PM
soros228 When KYY ask to buy
U sell.
19/07/2021 1:28 PM
milosh whatever KKY asks, in my opinion better just hold, he was right with leonfb pick after all, just his entry and exit calls are little bit off or plan to manipulate
19/07/2021 2:26 PM
007007 ...... not a little bit off ...... plenty off..... many lost money.
20/07/2021 1:17 PM
soros228 well said 007007
20/07/2021 1:19 PM
Target1 $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
21/07/2021 7:10 AM
007007 The first golden rule of investment success is to never believe KYY....... the second golden rule is : Don't forget the first golden rule.
21/07/2021 8:08 AM
Bgt 9963 Good morning.!
21/07/2021 8:33 AM
OTB Recently, global steel prices have soared three-fold, and Taiwan’s steel stock prices have almost doubled at least simultaneously. This is a phenomenon that has never occurred in the past two decades. What is the reason behind it?

The apparent reason is that Australia has substantially increased the price of iron ore, but the main reason is that China has drastically cut production capacity and eliminated subsidies to curb production capacity and no longer encourage exports.

Since China is the world’s largest steel producer, its production capacity accounts for 55% of the world’s total. Therefore, when China cuts production and curbs exports, and India, the second largest steel producer, falls into the epidemic situation, it is conceivable that the demand for steel is in short supply. How serious the situation is, so prices soared.

Why should China reduce production capacity and curb exports when demand in the global steel market is tight? Why not take the opportunity to expand production and make a good profit?

The answer is that China used to cut steel production capacity and curb exports to create inflation and hit the economic recovery plans of the United States and the Western world.

In the past, China provided abundant global market demand and low-priced steel products, which played a decisive role in helping the world suppress prices and avoid triggering global inflation. Even if the United States has repeatedly implemented the so-called quantitative easing (QE) policy and printed a large number of banknotes, it can still enjoy low-interest funds without causing the depreciation of the dollar and inflation. In fact, these are all factories in the world, China, sacrificing environmental protection, bearing cheap labor, and contributing to global economic development.

But this time China is obviously no longer willing to take advantage of it anymore, curb steel supply and allow global inflation to let European and American countries experience the soaring prices without China's sacrifices!

When the price of steel, a pillar product in economic development, and all raw materials have skyrocketed, look at Biden's trillion-dollar infrastructure. Will it continue? See if the Fed can maintain the original low interest rate policy?

Thank you.
21/07/2021 9:08 AM
baby snake Well said OTB-san..
21/07/2021 9:23 AM
William Wang To say China wants to sabotage the world in this crisis is simplistic and irresponsible. It is not only the steel, all commodities prices had gone up.. tin, copper etc, even our palm oil.. why???
A simple factor.. could it be the world labour force had gone down, productivity curbed, yet we have the same amount of monetary value circulating around .. commodities/products still require the same amount of input to produce , value remains but for monetary value?
We are fish in a small pond, the ocean players play with real money!
21/07/2021 3:42 PM
007007 Yesterday, KYY in his blog said that Malaysian stockmarket will crash bcos Dow Jones fell more than 700 points. Dow Jones index has subsequently rebounded and Malaysian stockmarket did not crash.
Now KYY has removed his blog post.
If Malaysian stockmarket had crashed he would have jumped with joy.
This old fox has a black heart.
21/07/2021 8:54 PM
Cheers Don't care about this rubbish old fox.Always talk nonsense. Tak malu
21/07/2021 11:06 PM
yewyin33 I just I rang Leon Fuat tel. 03-33753333 and Hiap Teck tel. 03-337788888. Both these companies are closed. Last week, I also did the same and found that both these companies were closed. You can ring up to verify what I said. If they are closed for so long, they cannot report increased profit in the next few quarters.
Even if they can produce steel and steel products, construction companies do not need them because all their construction works have stopped. Just open your eyes you can see there are so many construction works are in a stand still.
I just rang Dennis Tan, Secretary General of Master Builders Association, Malaysia to confirm what I just said. You can call tel 6019-3316282 to verify what I just said.
Among all the stock selection criteria such as NTA, cashflow, dividend yield, debts or healthy balance sheet, the most powerful catalyst to push up share price is profit growth prospect.
All the steel companies do not have profit growth prospect.
Investors must not buy any steel stock which does not have profit growth prospect because when it reports reduced profit many smart investors will rush to sell their holdings.
As all investors know that all steel companies have reported increased profit for the last quarter ending March 2021 and they are selling at PE 2. They are undervalued based on their previous profit.
Unfortunately, many less informed investors are buying them based on their previous quarterly profit. They are undervalued and look very cheap but they will remain cheap until they can report increased profit.
Investors should wait to see their next quarter result which will be announced before end of August. Patience is the key for successful investment. Koon Yew Yin
21/07/2021 11:20 PM
blistering haiptek & leon fuat !! must buy
22/07/2021 12:30 AM
007007 Dow Jones rose sharply last night...... disappointing KYY who predicted our market to crash of the Dow falls......serves the old fox right. He used to say " the reason I write this and that is so that investors don't lose money in the stockmarket, etc"...... now we all know he has the opposite objective.
22/07/2021 8:19 AM
Bgt 9963 Good morning.!
22/07/2021 8:38 AM
BlessedInvestor Haha, Leonfb now is 99sen which i managed to sell some to take profit. My ave price is about 90 sen, thanks to KYY selling which pressed down the price. Like i said, KYY will need to buy back above RM 1 soon...
22/07/2021 9:54 AM
007007 007007 KYY and joyd12345 bang balls....if they have balls

22/07/2021 10:07 AM
pang72 Wow!!
No operation, how to make profit?
Why bet on ghost factory?
I got 1000 not ghost factory to choose!
22/07/2021 9:46 PM
pang72 Another counter in my joker list!!!
22/07/2021 9:48 PM
soros228 well said OTB
i am with u OTB
U are 'The last of the Mohican" , thank u
22/07/2021 10:13 PM
OTB Posted by pang72 > Jul 22, 2021 9:46 PM | Report Abuse

No operation, how to make profit?
Why bet on ghost factory?
I got 1000 not ghost factory to choose!
Answer :
Are you sure there are 1,000 factories not affected by this MCO lockdown ?
How many stocks are listed in KLSE ?

You know a bit, you want to act in front of me.
How much money you have made in KLSE ?
Always try to attack me indirectly, you think that I do not know it.

Please refer to the below link.
Last 2 quarter EPS = 17.49
I assume lost 1 quarter PAT due to MCO lockdown.
Next half year EPS = 8.75
Total EPS = 26.24
Price = 0.97
PER = 3.69

Tell me how many stock in KLSE has this type of low PER = 3.69.
Thank you.
22/07/2021 10:16 PM
OTB pang72,
You are far ... far ... away to reach my standard.
You can scold and bully all newbies easily.
Please do not attack me, you do not have that type of standard yet.

Make a bit of money, try to act in front of newbies.
Do not show off in front of me.
You are just a small fry here.
Use you intelligence to guide newbies but not to attack everyone here including me.
22/07/2021 10:22 PM
OTB Steel stocks listed in China went up a lot today.
Please be patience to wait for our turn in KLSE.
All steel stocks will perform very well in the next 2 years.
Thank you.
22/07/2021 11:16 PM
hantamking steel price go high again , no far 6000 already

Now Steel index <<5,593.00>> up 72.00 up 1.30%
23/07/2021 10:32 AM
hantamking Now Steel index <<5,593.00>> up 72.00 up 1.30%
Now Steel index <<5,593.00>> up 72.00 up 1.30%
Now Steel index <<5,593.00>> up 72.00 up 1.30%
Now Steel index <<5,593.00>> up 72.00 up 1.30%
23/07/2021 10:43 AM
winmal Uncle KYY give negative comments on steel & construction sectors after his sold his steel counters. his will promote his investment later just wait
23/07/2021 1:04 PM
Please refer to the below link.
Last 2 quarter EPS = 17.49.
The share price of LeonFB is 0.95.

Please refer to the below link.
Last 2 quarter EPS = 17.23.
The share price of Vitrox is 19.30.

The share price of LeonFB is only 4.9% of Vitrox.
Very sad.

Thank you.
23/07/2021 1:26 PM
Sslee Haha,
Insas last 2 quarter EPS=22.92.
Cash rich, NTA: RM 2.96 and holding 545,503,575 Inari shares as one of the associate company.
Share price 89 cents

I am very happy to accumulate Insas.
23/07/2021 2:02 PM
hantamking Lastest Steel index <<5600>> up 79 up 1.43% !
Keep going up againn^^
23/07/2021 2:17 PM
hantamking ''Chinese steel market to remain positive into 2022, prices to remain elevated''

23/07/2021 3:25 PM

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