In Perak, most likely BN + PH

One day goreng sentiment for steel counters I think... but Leon Fuat still stably moving above 50 cents. Quite steady this counter

Haha, good one AzlanIshtiqal.

It will rise even further as global steel demand rises. Continue to observe the market activities and price movement

Great Phoebe! Yup, It will undoubtedly dilute their EPS, but it is a good incentive for their employees. 

There are other uses for hot-rolled steel as well, e.g. agricultural equipment. There will be huge business growth for Leon Fuat in the future if everything's back on track

This might help you, Phoebe

https://vulcanpost.com/797953/employee-stock-option-plan-esop-company-benefit-malaysia/

Steel players like Leon Fuat will return to prime time. Hence, good entry price for now

Given that vigorous construction activities and infrastructure projects were introduced in the budget for 2023, steel demand will hike undoubtedly

@flyhub888. By end of this month, roughly 23 or 25 ....Just my guess only

Leon Fuat is still trading at only 1.60 times for its PE ratio so it's very low-priced and low-risk now

One of the reasons that the steel industry has positive outlook is the government's announcement of RM500 million allocation for infrastructure projects in Budget 2023, which will increase the demand of steel

Happy Friday and 11.11
Shopping spree

The company is capable to maintain their profitability during the fluctuation of steel price

Don't forget Leon Fuat had ventured into downstream welded steel pipe

Agreed. Need to be patient for this waiting game

But can't overlook the market in India because Apple is slowly shifting mobile phone manufacturing hub to India...Meaning that demand of steel will be raised in tandem with setting up factories in India

Yes, China is still the biggest steel producer currently

Typical...Sell on good news

Get ready for Leon Fuat to go towards the prime moment

Steel demand is elevating progressively

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/moodys-says-india-a-bright-spot-in-global-steel-demand/articleshow/95360925.cms

When want to buy cheap, it up...

Excellent Q3 results can be expected from Leon Fuat this month

Most steel companies expect domestic demand for the commodity to likely stage a sustained recovery in the second half of the year (2H22)

https://www.thestar.com.my/business/business-news/2022/07/16/demand-for-steel-seen-to-improve

Seems like can see it at 60 cents

This company sure can maintain their profitability during uncertainty of the market

Leon Fuat has large scale of customer base, not only from construction industry but also semiconductor industry as well

Steel demand will ride up with the strong construction activities for coming months

Haha. Definitely LEON FUAT is in big sale

...Price reverse back to EMA 100

Applying 'buy low sell high' concept. Very good entry price for Leon Fuat currently

Steel price undoubtedly will rebound strong in conjunction with the growing demand of steel

I guess 11.11 will boost their sales ba

However it sure will be back to its moment in due time. Invest it when it's relatively low in cost

Steel market definitely is a cyclical business

It will break out to RM3?

But if the dividend is adjusted, it turns out their current dividend yield is around 3 to 4% based on the current pricing. But still the dividend yield is very realistic to be achieved.

Leon Fuat's dividend payout is consistent too. Their dividend yield is 8.0% btw

Thereby Leon Fuat is considered cheap and oversold at the moment. Plus, the company was managed to record RM23.91 million and RM14.02 million in net profit for this Q1 & Q2 despite the downturn of steel price

This company has been traded single-digit price-earnings ratio, which is below 5 times

Niceee. More surge coming

Given that the construction activities are raising and also infrastructure projects which introduced in budget 2023 will increase steel demand as well

The demand of steel surely will soar in due course

Good hedging against the fluctuation of steel price as well

The company ventured into downstream welded steel pipe business a few years ago

Back to 50 cents. Wait it up to 55 cents

Slowly move towards Rm2.70. Nice

Invest while Leon Fuat is undervalued and cheap

Not only that, RM500 million allocation to infrastructure projects in budget 2023 will make steel very demanding

Good management teams sure will lead Leon Fuat to stable and profitable development