Highlights
KLSE: LEONFB (5232)       LEON FUAT BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.50   -0.005 (0.99%)  0.50 - 0.505  167,400
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Financials


Market Cap: 155 Million

Market Cap 155 Million
NOSH 310 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 01-Jun-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 01-Jun-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  30-Sep-2020 [#3]

Latest Quarter: 30-Sep-2020 [#3]
Announcement Date 26-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 28-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   152.37%  |    268.85%

Annual (Unaudited) ( EPS: 1.81, P/E: 27.69 )

Revenue | NP to SH 607,122  |  5,598
RPS | P/RPS 195.85 Cent  |  0.26
EPS | P/E | EY 1.81 Cent  |  27.69  |  3.61%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.13  |  0.44
YoY   -78.55%
NP Margin | ROE 0.91%  |  1.60%
F.Y. | Ann. Date 31-Dec-2019  |  28-Feb-2020

T4Q Result ( EPS: 2.03, P/E: 24.67 )

Revenue | NP to SH 540,196  |  6,283
RPS | P/RPS 174.26 Cent  |  0.29
EPS | P/E | EY 2.03 Cent  |  24.67  |  4.05%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.17  |  0.43
QoQ | YoY   363.69%  |    -48.91%
NP Margin | ROE 1.17%  |  1.73%
F.Y. | Ann. Date 30-Sep-2020  |  26-Nov-2020

Annualized Result ( EPS: 4.51, P/E: 11.11 )

Revenue | NP to SH 520,818  |  13,953
RPS | P/RPS 168.01 Cent  |  0.30
EPS | P/E | EY 4.51 Cent  |  11.11  |  9.00%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   88.35%  |    7.00%
NP Margin | ROE 2.69%  |  3.85%
F.Y. | Ann. Date 30-Sep-2020  |  26-Nov-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2020 26-Nov-2020 30-Sep-2020 3 163,821 8,983 6,778 6,761 - 362,699 - % 4.14% 1.86% 310,000 52.85 52.85 2.18 2.18 0.00 0.00 1.1700 1.17   152.37%   268.85% 30-Sep-2020 0.305 0.58 13.98 0.26 7.15% 0.00% 26-Nov-2020 0.37 0.70 16.96 0.32 5.89% 0.00%
31-Dec-2020 27-Aug-2020 30-Jun-2020 2 106,755 3,608 2,654 2,679 - 353,399 - % 2.49% 0.76% 310,000 34.44 34.44 0.86 0.86 0.00 0.00 1.1400 1.14   161.37%   -64.25% 30-Jun-2020 0.31 0.90 35.87 0.27 2.79% 0.00% 27-Aug-2020 0.305 0.89 35.29 0.27 2.83% 0.00%
31-Dec-2020 12-Jun-2020 31-Mar-2020 1 120,038 2,076 1,063 1,025 - 350,299 - % 0.89% 0.29% 310,000 38.72 38.72 0.33 0.33 0.00 0.00 1.1300 1.13   124.51%   126.27% 31-Mar-2020 0.30 0.77 90.73 0.27 1.10% 0.00% 12-Jun-2020 0.32 0.83 96.78 0.28 1.03% 0.00%
31-Dec-2019 28-Feb-2020 31-Dec-2019 4 149,582 -2,527 -4,197 -4,182 - 350,299 - % -2.81% -1.19% 310,000 48.25 48.25 -1.35 -1.35 0.00 0.00 1.1300 1.13   -328.15%   -266.15% 31-Dec-2019 0.42 0.87 -31.13 0.37 -3.21% 0.00% 28-Feb-2020 0.37 0.77 -27.43 0.33 -3.65% 0.00%
31-Dec-2019 27-Nov-2019 30-Sep-2019 3 143,231 2,647 1,852 1,833 - 356,499 - % 1.29% 0.51% 310,000 46.20 46.20 0.59 0.59 0.00 0.00 1.1500 1.15   -75.54%   -78.66% 30-Sep-2019 0.44 0.95 74.41 0.38 1.34% 0.00% 27-Nov-2019 0.44 0.95 74.41 0.38 1.34% 0.00%
31-Dec-2019 28-Aug-2019 30-Jun-2019 2 169,844 10,104 7,491 7,494 - 353,399 - % 4.41% 2.12% 310,000 54.79 54.79 2.42 2.42 0.00 0.00 1.1400 1.14   1,554.30%   -11.43% 28-Jun-2019 0.43 0.78 17.79 0.38 5.62% 0.00% 28-Aug-2019 0.415 0.76 17.17 0.36 5.83% 0.00%
31-Dec-2019 30-May-2019 31-Mar-2019 1 144,465 753 387 453 - 350,299 - % 0.27% 0.13% 310,000 46.60 46.60 0.15 0.15 0.00 0.00 1.1300 1.13   -82.00%   -93.07% 29-Mar-2019 0.57 1.22 390.07 0.50 0.26% 0.00% 30-May-2019 0.48 1.03 328.48 0.42 0.30% 0.00%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 155,152 3,796 2,478 2,517 - 350,299 - % 1.60% 0.72% 310,000 50.05 50.05 0.81 0.81 0.00 0.00 1.1300 1.13   -70.70%   -90.94% 31-Dec-2018 0.485 0.97 59.73 0.43 1.67% 0.00% 27-Feb-2019 0.505 1.01 62.20 0.45 1.61% 0.00%
31-Dec-2018 27-Nov-2018 30-Sep-2018 3 155,241 11,388 8,585 8,589 - 353,399 - % 5.53% 2.43% 310,000 50.08 50.08 2.77 2.77 0.00 0.00 1.1400 1.14   1.51%   -37.59% 28-Sep-2018 0.62 1.24 22.38 0.54 4.47% 0.00% 27-Nov-2018 0.52 1.04 18.77 0.46 5.33% 0.00%
31-Dec-2018 28-Aug-2018 30-Jun-2018 2 144,485 11,177 8,432 8,461 - 344,100 - % 5.84% 2.46% 310,000 46.61 46.61 2.73 2.73 0.00 0.00 1.1100 1.11   29.51%   -71.83% 29-Jun-2018 0.59 1.27 21.62 0.53 4.63% 0.00% 28-Aug-2018 0.625 1.34 22.90 0.56 4.37% 0.00%
31-Dec-2018 30-May-2018 31-Mar-2018 1 143,047 9,171 6,470 6,533 - 341,000 - % 4.52% 1.92% 310,000 46.14 46.14 2.11 2.11 0.00 0.00 1.1000 1.10   -76.48%   -26.11% 30-Mar-2018 0.725 1.57 34.40 0.66 2.91% 0.00% 30-May-2018 0.66 1.43 31.32 0.60 3.19% 0.00%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 145,675 31,972 27,767 27,782 - 334,800 - % 19.06% 8.30% 310,000 46.99 46.99 8.96 8.96 0.00 0.00 1.0800 1.08   101.86%   179.78% 29-Dec-2017 0.91 1.94 10.15 0.84 9.85% 0.00% 28-Feb-2018 0.925 1.97 10.32 0.86 9.69% 0.00%
31-Dec-2017 27-Nov-2017 30-Sep-2017 3 177,985 17,369 13,727 13,763 - 306,900 - % 7.71% 4.48% 310,000 57.41 57.41 4.44 4.44 0.00 0.00 0.9900 0.99   -54.17%   148.74% 29-Sep-2017 0.825 1.44 18.58 0.83 5.38% 0.00% 27-Nov-2017 0.855 1.49 19.26 0.86 5.19% 0.00%
31-Dec-2017 28-Aug-2017 30-Jun-2017 2 115,153 33,533 30,033 30,033 - 291,399 - % 26.08% 10.31% 310,000 37.15 37.15 9.69 9.69 0.00 0.00 0.9400 0.94   239.66%   159.02% 30-Jun-2017 0.77 2.07 7.95 0.82 12.58% 0.00% 28-Aug-2017 0.775 2.09 8.00 0.82 12.50% 0.00%
31-Dec-2017 30-May-2017 31-Mar-2017 1 138,544 12,596 8,842 8,842 - 266,600 - % 6.38% 3.32% 310,000 44.69 44.69 2.85 2.85 0.00 0.00 0.8600 0.86   -10.96%   1,326.13% 31-Mar-2017 0.66 1.48 23.14 0.77 4.32% 0.00% 30-May-2017 0.71 1.59 24.89 0.83 4.02% 0.00%
31-Dec-2016 24-Feb-2017 31-Dec-2016 4 133,783 13,565 9,930 9,930 - 257,299 - % 7.42% 3.86% 310,000 43.16 43.16 3.20 3.20 0.00 0.00 0.8300 0.83   79.47%   191.03% 30-Dec-2016 0.465 1.08 14.52 0.56 6.89% 0.00% 24-Feb-2017 0.575 1.33 17.95 0.69 5.57% 0.00%
31-Dec-2016 23-Nov-2016 30-Sep-2016 3 115,205 7,659 5,533 5,533 - 248,000 - % 4.80% 2.23% 310,000 37.16 37.16 1.78 1.78 0.00 0.00 0.8000 0.80   -52.28%   19.32% 30-Sep-2016 0.535 1.44 29.97 0.67 3.34% 0.00% 23-Nov-2016 0.515 1.39 28.85 0.64 3.47% 0.00%
31-Dec-2016 23-Aug-2016 30-Jun-2016 2 122,284 15,564 11,595 11,595 - 241,799 - % 9.48% 4.80% 310,000 39.45 39.45 3.74 3.74 0.00 0.00 0.7800 0.78   1,770.16%   205.69% 30-Jun-2016 0.45 1.14 12.03 0.58 8.31% 0.00% 23-Aug-2016 0.48 1.22 12.83 0.62 7.79% 0.00%
31-Dec-2016 25-May-2016 31-Mar-2016 1 127,444 1,341 620 620 - 235,599 - % 0.49% 0.26% 310,000 41.11 41.11 0.20 0.20 0.00 0.00 0.7600 0.76   -81.83%   -90.66% 31-Mar-2016 0.47 1.14 235.00 0.62 0.43% 0.00% 25-May-2016 0.49 1.19 245.00 0.64 0.41% 0.00%
31-Dec-2015 26-Feb-2016 31-Dec-2015 4 127,235 4,905 3,412 3,412 - 235,599 - % 2.68% 1.45% 310,000 41.04 41.04 1.10 1.10 0.00 0.00 0.7600 0.76   -26.42%   -49.15% 31-Dec-2015 0.45 1.10 40.89 0.59 2.45% 0.00% 26-Feb-2016 0.47 1.15 42.70 0.62 2.34% 0.00%
31-Dec-2015 26-Nov-2015 30-Sep-2015 3 120,896 6,504 4,637 4,637 - 232,500 - % 3.84% 1.99% 310,000 39.00 39.00 1.50 1.50 0.00 0.00 0.7500 0.75   22.25%   -44.78% 30-Sep-2015 0.435 1.12 29.08 0.58 3.44% 0.00% 26-Nov-2015 0.475 1.22 31.76 0.63 3.15% 0.00%
31-Dec-2015 26-Aug-2015 30-Jun-2015 2 116,940 5,166 3,793 3,793 - 226,300 - % 3.24% 1.68% 310,000 37.72 37.72 1.22 1.22 0.00 0.00 0.7300 0.73   -42.85%   -53.56% 30-Jun-2015 0.565 1.50 46.18 0.77 2.17% 0.00% 26-Aug-2015 0.45 1.19 36.78 0.62 2.72% 0.00%
31-Dec-2015 27-May-2015 31-Mar-2015 1 140,333 9,190 6,637 6,637 - 229,400 - % 4.73% 2.89% 310,000 45.27 45.27 2.14 2.14 0.00 0.00 0.7400 0.74   -1.09%   55.32% 31-Mar-2015 0.51 1.13 23.82 0.69 4.20% 0.00% 27-May-2015 0.54 1.19 25.22 0.73 3.96% 0.00%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 124,414 9,111 6,710 6,710 - 223,200 - % 5.39% 3.01% 310,000 40.13 40.13 2.16 2.16 0.00 0.00 0.7200 0.72   -20.09%   -7.28% 31-Dec-2014 0.505 1.26 23.33 0.70 4.29% 0.00% 26-Feb-2015 0.55 1.37 25.41 0.76 3.94% 0.00%
31-Dec-2014 26-Nov-2014 30-Sep-2014 3 121,669 11,361 8,397 8,397 3,100 220,099 36.92% 6.90% 3.82% 310,000 39.25 39.25 2.71 2.71 1.00 1.00 0.7100 0.71   2.82%   33.41% 30-Sep-2014 0.64 1.63 23.63 0.90 4.23% 1.56% 26-Nov-2014 0.57 1.45 21.04 0.80 4.75% 1.75%
31-Dec-2014 27-Aug-2014 30-Jun-2014 2 131,730 11,009 8,167 8,167 - 210,800 - % 6.20% 3.87% 310,000 42.49 42.49 2.63 2.63 0.00 0.00 0.6800 0.68   91.13%   13.07% 30-Jun-2014 0.525 1.24 19.93 0.77 5.02% 0.00% 27-Aug-2014 0.535 1.26 20.31 0.79 4.92% 0.00%
31-Dec-2014 29-May-2014 31-Mar-2014 1 111,381 5,914 4,273 4,273 - 207,700 - % 3.84% 2.06% 310,000 35.93 35.93 1.38 1.38 0.00 0.00 0.6700 0.67   -40.96%   -14.88% 31-Mar-2014 0.565 1.57 40.99 0.84 2.44% 0.00% 29-May-2014 0.535 1.49 38.81 0.80 2.58% 0.00%
31-Dec-2013 27-Feb-2014 31-Dec-2013 4 112,065 9,724 7,237 7,237 4,650 201,499 64.25% 6.46% 3.59% 310,000 36.15 36.15 2.33 2.33 1.50 1.50 0.6500 0.65   14.98%   - % 31-Dec-2013 0.47 1.30 20.13 0.72 4.97% 3.19% 27-Feb-2014 0.515 1.42 22.06 0.79 4.53% 2.91%
31-Dec-2013 27-Nov-2013 30-Sep-2013 3 115,804 8,379 6,294 6,294 - 195,299 - % 5.44% 3.22% 310,000 37.36 37.36 2.03 2.03 0.00 0.00 0.6300 0.63   -12.86%   - % 30-Sep-2013 0.475 1.27 23.40 0.75 4.27% 0.00% 27-Nov-2013 0.475 1.27 23.40 0.75 4.27% 0.00%
31-Dec-2013 27-Aug-2013 30-Jun-2013 2 113,979 10,165 7,223 7,223 4,063 167,954 56.26% 6.34% 4.30% 270,895 42.07 36.77 2.67 2.33 1.50 1.31 0.6200 0.54   43.88%   - % 28-Jun-2013 0.515 1.22 19.31 0.83 5.18% 2.91% 27-Aug-2013 0.47 1.12 17.63 0.76 5.67% 3.19%
31-Dec-2013 30-May-2013 31-Mar-2013 1 113,419 7,084 5,020 5,020 - 150,414 - % 4.43% 3.34% 250,690 45.24 36.59 2.00 1.62 0.00 0.00 0.6000 0.49   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 31-Dec-2012 4 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 0.0000 0.00   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 30-Sep-2012 3 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 30-Jun-2012 2 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 31-Mar-2012 1 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
ongkkh Funitec it is located at Klang
14/06/2019 5:06 PM
Albukhary LeonFB is one of the best steel counter in this year, so surprising it can make such a high profit while all the competitor are suffering losses.
28/08/2019 7:09 PM
leslieroycarter Very little div that made this stock uninspiring though PE is at 7.
08/11/2019 10:46 AM
Albukhary Good news...
ERCL resume, more construction work expected, steel price will go up, and Leon Fuat will be one of the beneficiary, as LEONFB is the only steel counter that still can maintain profit while the rest of steel counter has loss few hunder million.
10/12/2019 1:06 AM
Albukhary Low volume... must wait the 四大天王 (Annjoo, Ssteel, Lionind & Masteel) move first, then only Leonfb can move.
19/12/2019 12:41 AM
leslieroycarter Malaysian stocks r laggard coz too much religious politicking r not helping. Investors heard of those creepy talks were scared away fr our soils .
23/12/2019 3:14 PM
Albukhary Leon Fuat business operations mainly comprise trading and processing of a diverse range of flat and long steel products. Their 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 machines and believed to be the first fiber laser machine with the highest power in South East Asia.
02/01/2020 11:23 PM
Albukhary Result not bad, both QoQ and YoY also increased.
14/06/2020 3:05 AM
sclau98 can I know Leon Fuat is running by family control business? How to look at it at the report? tqqqq
14/07/2020 4:56 PM
Albukhary Leon Fuat is the real G.E.M in steel industries.

TP is RM0.76
11/08/2020 1:43 AM
Fklim888 Hidden genm ....stagnant so long ?
22/10/2020 12:20 AM
Fklim888 Look forward rm0.80 intact lol
29/11/2020 10:16 AM
Albukhary This LEONFB silently go up without informed... haha
02/12/2020 1:15 AM
steeler diam diam ubi berisi
02/12/2020 10:17 AM
mrmeow ARANK < Hidden aluminium counter that is yet to fly exponentially
03/12/2020 4:01 PM
1lotman Rm 0.80 just about right... watch this space..
03/12/2020 8:13 PM
Albukhary Next week will up 15-20 sen
06/12/2020 12:14 AM
Albukhary LEONFB is the most undervalue steel counter.
It worth minimum 80sen
07/12/2020 2:26 AM
Albukhary Don't miss the boat!
07/12/2020 12:27 PM
Albukhary Don't miss the boat!
07/12/2020 6:14 PM
YOLOorLOL S U C K , and stingy company , no body wants
09/12/2020 9:59 AM
Albukhary Seriously, this is the last change for you to buy d.
After this round, you can only buy back at 70-80 sen.
10/12/2020 2:05 AM
Albukhary Most undervalue steel stock.
15/12/2020 9:27 AM
Albukhary The RM280mil stockpile has increase in market value at least 10-20% minimum, due to the surge in steel price in Q4'2020.

Gross profit margin expected to increase to 18-20% in Q4 report.
15/12/2020 9:30 AM
LOOK009 Leon Fuat to ride on expansion plans of manufacturers
TheEdge Wed, Dec 23, 2020 04:00pm - 26 minutes ago


A decision made last year to venture into steel pipe manufacturing is already paying off for Main Market-listed Leon Fuat Bhd, as the demand from rubber glove and logistics companies looking to expand their facilities has been robust.

Although this new business segment has yet to make a significant financial contribution, executive director Calvin Ooi Shang How is confident it will become the group’s third core business after steel trading and processing.

“With this diversification, we are providing customers with additional options in the purchase of steel pipes locally. We are of the opinion that the steel pipe manufacturing business complements our trading and processing businesses,” he tells The Edge in an interview.

Steel pipes can be used in many applications, including the manufacture of machinery, steel structural works and storage systems.

“Over the past few months, we have received positive responses from the local market. Today, we are seeing strong demand from the manufacturing industry, especially rubber glove makers, which have been expanding aggressively since the outbreak of Covid-19,” says Ooi.



Generally, manufacturers are Leon Fuat’s indirect clients as the group deals directly with distributors and wholesalers, as well as the manufacturers’ contractors and suppliers.

“Other than the established glove players in the country, many new companies are also diversifying into this [glove] sector. When these companies want to put up new manufacturing facilities, we will become an indirect beneficiary,” Ooi points out.

Leon Fuat’s three-phase steel pipe manufacturing is being undertaken at a new plant sited on a 16-acre parcel in Kawasan Perusahaan Bandar Sultan Suleiman in Port Klang, adjacent to North Port.

Excluding the land cost and RM31 million incidental cost, more than RM50 million has been allocated as capital expenditure for Phase 1, mainly for the purchase of machinery and construction of the factory. Phase 1 commenced operation at the end of 2Q2019. With a current installed capacity of about 5,000 tonnes per month, the factory is running at a utilisation rate of about 60%.

“In hindsight, the timing is just right for us because our steel pipe manufacturing plant is now up and running at a time when the glove manufacturers are expanding, not only this year but also next year. The orders are coming in strongly and we still have sufficient capacity to deliver,” says Ooi, 41, who was appointed to the board of Leon Fuat in June 2012.

He is the son of the company’s co-founder and executive deputy chairman Datuk Seri Ooi Bin Keong, and the nephew of managing director Ooi Seng Khong and executive director Ooi Kong Tiong. He is also the cousin of executive director Ng Kok Teong. The Ooi family controls more than 70% of the company through Leon Fuat Holdings Sdn Bhd.

Ooi stresses that Leon Fuat’s main objective in Phase 2 is to expand its product range, rather than just for the sake of expanding production capacity. “We intend to make steel pipes with a bigger range of sizes, allowing us to serve a wider range of customers,” he says.

“Our immediate plan for Phase 2 is to build a warehouse and common infrastructure surrounding the warehouse for about RM27 million. If and when we are ready to expand capacity, we will need to invest further.”

While Leon Fuat’s current focus is the local market, the group also plans to export its steel pipe products to overseas markets when the time is right, says Ooi. That is why the plant is located in Port Klang.

Trading and processing segments may benefit too


Ooi explains that when manufacturers expand production capacity, they will require not only steel pipes from Leon Fuat but also its processing services for customised parts. Moreover, they would need to order steel parts and materials, which benefits the group’s trading business.

The rising demand for online delivery services has been favourable to Leon Fuat as many logistics and warehouse companies are investing to improve or expand their warehouse handling facilities, including the conveyor and sorting systems, which require a lot of flat and long steel materials. Industries such as palm oil processing and refineries also require Leon Fuat’s products and services.

“We are still new in the steel pipe manufacturing business, but we do see a growing demand for steel material in the future. One of the reasons steel material is widely and continuously used in various industries is because steel is one of the most recyclable materials in the world,” says Ooi.

Over the past five financial years, Leon Fuat generated a net profit of between RM18 million and RM27 million, except for FY2017 ended Dec 31, when it was exceptionally high, and FY2019, when it was exceedingly low. Ooi says the exceptional earnings of RM79.81 million in FY2017 was due to the company recognising gains and compensati
23/12/2020 4:27 PM
LOOK009 It has just started to rise and there will be a chance to limit up tomorrow.
23/12/2020 4:33 PM
Albukhary The RM280mil stockpile has increase in market value at least 10-20% minimum, due to the surge in steel price in Q4'2020.

Gross profit margin expected to increase to 18-20% in Q4 report.
24/12/2020 9:49 AM
Dangel Guys, I'm in today. Good luck to all!
24/12/2020 3:19 PM
Fklim888 Break 0.60 anytime just too slow...
28/12/2020 12:22 PM
Challengerwinner wait Q4 report
28/12/2020 1:00 PM
yiqqre 两发 LEONFB – 长期遭低估的钢铁股
LEONFB创办于1972年,在2013年上市于大马主要板,主要从事钢铁产品贸易和加工业务,专注于轧制钢 (Rolled Steel) 和扁钢 (Flat Steel) 产品。
其主要贸易产品为碳钢 (Carbon Steel),尤其是低碳钢 (Mild Steel)、不锈钢和合金钢。作为增值业务的一部分,集团也提供切割、整平、剪切、仿形、弯折和加工钢铁产品的服务,以满足不同行业客户和各种应用需求。
值得一提,这一行业也有一定的入行障碍,尤其是在购买机械和设立仓库方面。这需要动用庞大资金,而不是一般厂商愿意进行这样的投资。因此,其客户相对地更愿意交由LEONFB承担加工工作,以省去上述投资所附带的风险。
其使用的主要原料包括碳钢 (80%)、不锈钢及合金钢。其中约60%的原料采购来自本地制造商或供应商,其余则从海外供应商直接采购。
作为钢铁生产商和最终用户之间的中介,钢铁领域的低迷并未严重影响LEONFB的业务。自2013年上市以来,无论市况好或坏,集团每年都可创造稳定的收入,显示出业务稳定性非常高。
再次强调,LEONFB的商业模式与一般钢铁业者不同。集团在赚幅、库存和资本开销等方面皆比其他钢铁制造商不同。因此,钢铁价格波动并不会对集团构成显著的影响,而且还可选择将提高的成本转嫁至客户身上。在此商业模式为前提下,LEONFB在面对市场低潮时的抵御能力更佳,更有可能保持盈利。
展望未来,LEONFB在多年前已定制三管齐下的策略,目标是为了提升产能、提高效率以及扩大收入来源。其一,在巴生港自由区兴建新仓库。这项建设工程已在FY16完成并已投入运作。这新仓库的净可用存储空间大约为95,000平方英尺。
随着新仓库开始使用,LEONFB正式踏出探索出口市场的第一步。其仓库有一部分仓储空间预留给从国外进口的货物,并可转手出口到东南亚其他国家。此外,这仓库也可为集团节省不必要的进口关税。简短来说,这是集团扩大钢铁贸易业务的计划之一。
其二,把 Wisma Leon Fuat正对面的现有建筑物进行翻修工程。这新的加工厂拥有大约60,000平方英尺的实用空间。同时,集团也在这厂房安装上新的CNC切割机,也把现有的切割机搬迁至新厂。过去两年,LEONFB在这项计划上一共投入RM9m的资本开销。这加工厂预计可把现有产能翻倍,而集团在往后也将有较好的加工流程。
其三,进军钢管 (Steel Pipe) 制造行业,而生产设施将安装在巴生港的新厂房。由于LEONFB一直以来都是钢卷和其他钢铁产品的采购商,集团可利用这流程,顺势把业务多样化至这些钢铁原料生产的最终产品。
在FY17和FY18,LEONFB将拨出共RM50m的资本开销,作为建设钢管制造厂及添购器材的资金。由于建筑师仍在拟定钢管制造厂的蓝图,现阶段未敲定新厂房将设有多少条生产线。
这新厂房预计将在明年下半年竣工,但是预计不会立即为集团带来贡献。无论如何,多元化业务至下游领域,是LEONFB维持盈利赚幅和提高持续性盈利的策略之一。管理层预计钢管制造将成为集团的第三核心业务,是未来核心收入来源之一。
业绩方面,LEONFB在今年首三个季度已交出RM31m的核心盈利。假设全年可交出RM42m的盈利,以310m股数计算,其每股盈利将会是13.55仙。再以保守8-10倍PE推算,其每股潜在价值处于RM1.08-1.35之间,相等于20-50%的潜在上涨空间。
值得一提,LEONFB的每股净资产 (NTA) 为RM0.99
28/12/2020 2:59 PM
Fklim888 Let see how today go can closed above 0.615
28/12/2020 3:02 PM
kentrade888 Leon Fuat to ride on expansion plans of manufacturers
Liew Jia Teng
/
The Edge Malaysia

December 23, 2020 16:00 pm +08

This article first appeared in The Edge Malaysia Weekly, on December 14, 2020 - December 20, 2020.
With the current installed capacity of 5,000 tonnes per month, Leon Fuat’s steel pipe manufacturing plant is running at a utilisation rate of about 60%
With the current installed capacity of 5,000 tonnes per month, Leon Fuat’s steel pipe manufacturing plant is running at a utilisation rate of about 60%

-A+A
A decision made last year to venture into steel pipe manufacturing is already paying off for Main Market-listed Leon Fuat Bhd, as the demand from rubber glove and logistics companies looking to expand their facilities has been robust.

Although this new business segment has yet to make a significant financial contribution, executive director Calvin Ooi Shang How is confident it will become the group’s third core business after steel trading and processing.

“With this diversification, we are providing customers with additional options in the purchase of steel pipes locally. We are of the opinion that the steel pipe manufacturing business complements our trading and processing businesses,” he tells The Edge in an interview.Steel pipes can be used in many applications, including the manufacture of machinery, steel structural works and storage systems.

“Over the past few months, we have received positive responses from the local market. Today, we are seeing strong demand from the manufacturing industry, especially rubber glove makers, which have been expanding aggressively since the outbreak of Covid-19,” says Ooi.



Generally, manufacturers are Leon Fuat’s indirect clients as the group deals directly with distributors and wholesalers, as well as the manufacturers’ contractors and suppliers.

“Other than the established glove players in the country, many new companies are also diversifying into this [glove] sector. When these companies want to put up new manufacturing facilities, we will become an indirect beneficiary,” Ooi points out.

Leon Fuat’s three-phase steel pipe manufacturing is being undertaken at a new plant sited on a 16-acre parcel in Kawasan Perusahaan Bandar Sultan Suleiman in Port Klang, adjacent to North Port.

Excluding the land cost and RM31 million incidental cost, more than RM50 million has been allocated as capital expenditure for Phase 1, mainly for the purchase of machinery and construction of the factory. Phase 1 commenced operation at the end of 2Q2019. With a current installed capacity of about 5,000 tonnes per month, the factory is running at a utilisation rate of about 60%.

“In hindsight, the timing is just right for us because our steel pipe manufacturing plant is now up and running at a time when the glove manufacturers are expanding, not only this year but also next year. The orders are coming in strongly and we still have sufficient capacity to deliver,” says Ooi, 41, who was appointed to the board of Leon Fuat in June 2012.

He is the son of the company’s co-founder and executive deputy chairman Datuk Seri Ooi Bin Keong, and the nephew of managing director Ooi Seng Khong and executive director Ooi Kong Tiong. He is also the cousin of executive director Ng Kok Teong. The Ooi family controls more than 70% of the company through Leon Fuat Holdings Sdn Bhd.

Ooi stresses that Leon Fuat’s main objective in Phase 2 is to expand its product range, rather than just for the sake of expanding production capacity. “We intend to make steel pipes with a bigger range of sizes, allowing us to serve a wider range of customers,” he says.

“Our immediate plan for Phase 2 is to build a warehouse and common infrastructure surrounding the warehouse for about RM27 million. If and when we are ready to expand capacity, we will need to invest further.”

While Leon Fuat’s current focus is the local market, the group also plans to export its steel pipe products to overseas markets when the time is right, says Ooi. That is why the plant is located in Port Klang.

Trading and processing segments may benefit too


Ooi explains that when manufacturers expand production capacity, they will require not only steel pipes from Leon Fuat but also its processing services for customised parts. Moreover, they would need to order steel parts and materials, which benefits the group’s trading business.

The rising demand for online delivery services has been favourable to Leon Fuat as many logistics and warehouse companies are investing to improve or expand their warehouse handling facilities, including the conveyor and sorting systems, which require a lot of flat and long steel materials. Industries such as palm oil processing and refineries also require Leon Fuat’s products and services.

“We are still new in the steel pipe manufacturing business, but we do see a growing demand for steel material in the future. One of the reasons steel material is widely and continuously used in various indust
28/12/2020 3:34 PM
kentrade888 Can exceed 0.6 today
28/12/2020 3:38 PM
LOOK009 Believed to rise to 0.65 by market close
28/12/2020 3:56 PM
Fklim888 The best is 0.70 leonfb.
28/12/2020 3:59 PM
LOOK009 Steel stocks are now as popular as glove stocks were before.
28/12/2020 4:12 PM
Fklim888 indeed leonfb very undervalue
28/12/2020 4:14 PM
LOOK009 Go, go, go!
28/12/2020 4:28 PM
LOOK009 Other steel stocks are about to limit up, this still has a chance.
28/12/2020 4:37 PM
Fklim888 purposely press down... look like..
28/12/2020 4:56 PM
Albukhary Leon Fuat is the best, next target will be RM0.69, then follow by RM0.78, and final stage is RM0.96
28/12/2020 7:23 PM
Fklim888 All fly like no tomorrow leftover leonfb.... behind lol
28/12/2020 10:00 PM
Albukhary Can accumulate more leon Fuat, you wont regret.
29/12/2020 1:30 AM
Dangel Agreed with you Albukhary
29/12/2020 10:49 AM
apple168 多人的地方藏陷阱,不要去追高,感恩所有。
29/12/2020 11:12 AM
Albukhary 工部接白皮书 修6政策惠钢铁业
2021年01月09日

(吉隆坡9日讯)国际贸易与工业部在2019年接获国内钢铁业者提呈的白皮书后,为该行业的当前政策进行6项修订,从而令本地业者在长远中获益。

“The Edge”周刊报道,根据贸工部在去年12月向钢铁业者发出的一份信函中,该部对有关政策进行6项修订,分别为:
1)收紧发放新制造执照的条件;
2)将当前关税结构(包括长型和扁平产品)的5至15%税率有效期,延长至2021年12月31日;
3)通过出口准证机制对钢铁废料征收15%的出口税;
4)通过有准证的制造仓库和免税区,提供申请免进口税或退税便利设施的选择;
5)严格考虑金属废料回收活动的制造许可证;
6)对于金属废料进口,如今允许从事回收活动的制造准证持有人进口铁、铜和铝的金属废料,而贸易商则不允许进口。

贸工部也在信中说,上述修订将一直持续到今年12月31日。在此之前,任何进一步修订将受限于新工业大蓝图的政策导向。

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报道指出,随着政府修订钢铁政策,从长远来看,预计将使整个价值链中的本地企业受益。

钢铁业者于2019年4月30日向政府提呈涵盖68个建议的钢铁业白皮书,业界和各相关协会包括马来西亚钢铁工业联合会,与政府举行集思广益的咨询会议,为钢铁业今后的方向寻求共识。

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收紧新准证标准

业者指出,他们对政府针对行业的长期生产准证采取行动感到欣慰,因为通过收紧新准证的标准可以保护制造商。

大马钢铁工业联合会在去年2月,反对文安钢铁计划(Wenan)在砂拉越民都鲁可再生能源走廊的Samalaju工业园展开新的投资项目,因为若这计划落实,本地钢铁业预计该建议中每年1000万公吨的钢铁产量将会造成国内产量过剩情况进一步恶化。

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他们同时担心,文安钢铁计划因其规模大而能提供更好的废金属价格,从而将废金属拖入市场,导致国内钢铁制造厂亏损。

业内资深人士说:“现在,随着钢铁政策的更新,从长远来看,似乎可解决新的制造准证问题。

“当然,(当局)没有很清楚地表明文安钢铁计划已关闭。尽管有人告知他们已获得生产准证,但尚未知道是否已经向他们颁发生产许可证。”

此外,业者们也欢迎延长扁平产品的进口关税,因为这解决了扁平钢铁倾销问题。

不过,一位业界观察人士指这倾销问题已不是什么大问题,因为中国一直在购买和消耗钢铁,而不是将其倾销在本地数个公司中。

盼重振美佳钢铁

本地钢铁业者向政府提呈的白皮书中,也包含了重振国内最大的热轧钢制造商美佳钢铁(Megasteel)。

作为我国唯一的热轧卷制造商,美佳钢铁在2016年因现金问题而停止运营,并将资产出售给姐妹公司金狮工业(LIONIND,4235,主板工业产品服务组)。

此前有报道称,LICB正在考虑建造一座高炉,其年产能为300万吨铁水。

业界人士说,当局将对钢铁废料征收15%的出口税,是确保本地钢铁废料不会出口。废料是可以在当地工厂的电炉和高炉中使用的原材料。

“若外国买家积极购买本地废钢,那么美佳钢铁的定价将遇到问题。钢铁订单大多是预购订单。当你锁定订单却无法采购原材料时,将会对价格机制造成破坏。”
11/01/2021 12:58 AM
lloydlim https://www.sinchew.com.my/pad/con/content_2409013.html
11/01/2021 6:50 PM
SifuTangmonk Tp 0.85
12/01/2021 1:20 PM
Fklim888 leonfb still sleepy.... all steel up fierce again..
12/01/2021 3:08 PM