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  007007 If industry research house ihsmarkit.com forecasts steel prices to drop sharply in Q3 and Q4 2021, how can share prices of steel companies go up further ? 31/08/2021 4:09 PM Invest_888 More and more funds buy steel stocks. Good earning steel counters are normally with high percentage in export business esp high steel demand from China. 01/09/2021 7:53 PM Invest_888 Leonfb revenue were increased for 4 consecutive quarters. I do believe its latest revenue will increase this time. In comparison to the other steel counters, most steel counters revenue is at least drop for 1 quarters over latest 4 quarters. If this logic is correct, Leonfb latest financial result will be fantastic since steel profit margin is still maintaining at good level. 03/09/2021 11:06 AM Invest_888 Time to buy Low now due to higher and higher steel price esp in China. 09/09/2021 2:43 PM samwise7890 Great! Considering only 2 months, excluding June lockdown. Assuming business is booming, EPS 9.76/2 x3 = 14.64 sen 09/09/2021 5:38 PM joehoong93 Wow, believe closure one month still can have such profit. Any new TP? 09/09/2021 6:41 PM ipohwhitecoffee For me; conservative calculation. Annualized EPS 40 sen. Assign meagre P/E of 5 = RM2.00 09/09/2021 8:44 PM Invest_888 The latest EPS is 9.76cents even with MCOs. Actually, the profit before tax is even slightly higher than previous quarter. Profit before tax for the current quarter is RM42.573 million and the previous quarter was RM42,525 million. But the profit after tax for this quarter is higher than other quarters as mentioned by the Leonfb as such: The effective tax rate for the current quarter is slightly higher than the statutory tax rate of 24% mainly due to absence of unabsorbed reinvestment allowance brought forward from prior financial years for deducting against statutory business income for the current quarter of a subsidiary company as it had been fully absorbed in the immediate preceding quarter. 09/09/2021 9:27 PM Invest_888 Leonfb comments on business & factory expansion: Our business operations mainly comprise trading and processing of a diverse range of flat and long steel products. Our processing facilities which include an extensive range of cutting, levelling, shearing profiling, bending and finishing are cater for specific product requirements of our large customer base from diverse industries and to provide a one-stop solution to potential customers. The cutting and profiling facilities include a fiber laser cutting machine complete with automated loading and unloading facilities for inputs and outputs with overall processing speed of up to 5 times more than conventional laser cutting machines. In addition, our Group also has downstream manufacturing facilities for production of welded steel pipes of which Phase 1 of the facilities with 2 production lines are in full swing since the second half of 2019. Another two (2) production lines are expected to be added in the second half of this year while Phase 2 of the facilities is currently at development stages and is expected to be fully commissioned in the second half of 2023. 09/09/2021 10:09 PM Target1 HUAT $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 10/09/2021 7:17 AM Invest_888 All steel stocks are expecting to earn more profit due to high and steady steel price. As long as the share price is no more than forward PE of 10. 10/09/2021 8:59 AM NoviceJ LF report Q2 Q1 Revenue 184,783 211,479 PBT 42,573 42,525 Tax -10,458 -6,415 NP 32,115 36,110 Tax Rate 24.56 % 15.09 % - 1) if we look closer at the report, company actually make more profit from lower sales(shutdown during MCO) profitability increase from 20% to 23% 2)but actual profit was reduce due to higher tax bracket 24.56% vs 15.09% 3)Company will add 2 more line in the 2nd half(Revenue will increase) But base on KYY latest comment the reduced profit of 16% will cause the share price to go south 10/09/2021 6:13 PM AlwaysLearn2Invest If not due to the increase tax rate from 15.09% to 24.56%, the latest Leonfb EPS should be around 11.5 which is quite similar to the last Qtr's EPS. So KYY's figure which says the profit reduced by 16 % without mentioning the new tax figure is very unfair and misleading in the comparison 10/09/2021 7:43 PM NoviceJ If it's pandemic to epidemic now we should be rejoicing instead of rushing out of the gate ???? 14/09/2021 10:30 PM LubeTrader Quote: HONG KONG, Sept 20 (Reuters) - Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets. I see you dump, I also dump. Somebody else see me dump, he also dump. Chain reaction until oversold position. 21/09/2021 10:57 AM LubeTrader I admit I was chicken shit. Should have bought more yesterday. Was betting it would drop below 90 sen today. Didn't happen. Maybe tomorrow perhaps? 21/09/2021 5:47 PM LouisLim US steel stock like US Steel big up 4 to 5% last night. China steel price up again. 28/09/2021 7:52 AM hantamking mainland facing power control , industrial production affect on the other hand malaysia steel demand will increase , can export more today the price go up^^ cheers ya 29/09/2021 1:12 PM Invest_888 Steel prices in China goes up 4 consecutive days and is almost 2 months high and near the record high. Due to limitattion of electricity in China, high power usage in steel industry faces more and more factory shutdown problem. This time might be best chances to buy steel stock. 01/10/2021 9:34 AM hantamking ""中国多地限电 钢铁等大宗产品价飙新高"" Source: https://www.sinchew.com.my/20210930/%e4%b8%ad%e5%9b%bd%e5%a4%9a%e5%9c%b0%e9%99%90%e7%94%b5-%e9%92%a2%e9%93%81%e7%ad%89%e5%a4%a7%e5%ae%97%e4%ba%a7%e5%93%81%e4%bb%b7%e9%a3%99%e6%96%b0%e9%ab%98/ Cheers ya 01/10/2021 1:00 PM Chinjason https://www.thesundaily.my/business/malaysia-to-impose-anti-dumping-duties-for-5-yrs-on-some-steel-products-from-china-south-korea-vietnam-CD8467958 15/10/2021 11:40 PM blackchicken China Steel said that several factors are indicating a rebound in Asian steel prices in the fourth quarter, including a rise in demand due to a global economic recovery as well as a surge in raw material costs. 16/10/2021 6:59 PM blackchicken Steel prices are set to go up further due to the expected coal or power shortage and rising raw material prices in China that will potentially weigh on the earlier-anticipated price correction, according to a report. https://www.hellenicshippingnews.com/no-respite-for-steel-users-as-prices-likely-to-remain-high-report/ 21/10/2021 12:45 PM  | |
