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

This company was able to survive and withstand the hardship moment of steel industry during the year of 2016

Once the war between Russia and Ukraine ended, need to rebuild back their country. Hence infrastructure activities will be in peak at that time

This company will back to prime again I believe

Yup. Let Tguan break Rm2.7 1st

Utilization rate for steel factories is increasing lately and this company will acquire more and more orders from customers

Engines start heating up for this counter

Seems like move up to Rm2.50 again

From my investment strategies, buy low sell high. Currently it's a good entry price as it's quite low-priced

Steel demand sure will increase given that the infrastructure plans government announced during Budget 20223

Btw, Government are allocating RM145 million for maintenance, upgrading and construction of sports facilities in Budget 2023. Demand for steel will be surged undoubtedly

Trued. Your theory matched with 'Buy low Sell High' concept, JettLeong

Collect a bit at this discounted price and hold it as mid-term investment

Apply 'Buy Low Sell High' rule. This company had reached its 52 weeks low and it's undervalued currently

Thereby, this company's profit will not completely follow the fluctuation of steel price. Good decision from LEONFB's management team

The company had ventured into downstream welded steel pipe business back to 2019's

Currently the steel price just experiencing a pullback, LEONFB still has a chance to maintain their profitability

Dont worry, LEONFB're able to survive during the hardship of steel industry back to 2016's

Government also apportion RM500 million on G1-G4 infrastructure projects in budget 2023. Good news for Steel Industries

Steel demand will increase gradually seeing that the construction activities are recovering lately

Agreed. It's still a good net cash and fundamentally strong company

Seems like it's affected slightly by the OPR hike today...

Hardly go to RM2. Strong support at RM2.25

Nice closing price for the last day of 2Q22

Agreed. After consolidation, there would be plenty of opportunities to enter

Patient is the key. Fly high is not a dream for this counter

I think it is a normal price fluctuation...It will fly once the date of GE15 is confirmed ba

Yup. Just sit tight and look forward for the good delivery of messages after the AGM

Steadily up a bit is good enough~

Nice. Today up a bit when closing

Average a bit if it reached below RM2...No worries. It's a good net cash company

Average a bit at 45 cents. look forward for the breakout. hehe

Seems like most of the GLC companies go up today...