All steel stocks are expecting to earn more profit due to high and steady steel price.

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.

Steel price goes up steadily again.

Aluminum price continue moving up to break record high. Lbalum share price should go up above 76cent.

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.

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.

Time to buy Low now due to higher and higher steel price esp in China. 60% of the steel production of Annjoo exports to China.

Time to buy Low now due to higher and higher steel price esp in China.

Steady accumulation!!!

Waits for Comfort quarterly financial result out. If can maintain the profit, price will go up bcs the investors are already price in the profit is dropping as other glove stocks, eg. Ruberex.

Waits for Comfort quarterly financial result out. If can maintain the profit, price will go up bcs the investors are already price in the profit is dropping as other glove stocks, eg. Ruberex.

If you do research on plantation stocks, Taann is the best choice.

Record high aluminum price should break LBALUM share price above 76cent.

Aluminum price keeps on increasing. Shortage supply and high demand drive the price. Good prospect for aluminum company.

Latest Nylex quarterly earning EPS=6.36 cent which was increased 131% from the previous one with 2.76cent. Nylex NAV=RM1.74
But Ancom only offer RM1.00 to NYLEX minority shareholders(Nylex Mi) per share. Nylex MI have 89159530 shares of Nylex, (Note: the Nylex MI shares in Nylex will change according to trading)

Nylex MI will get the RM1 in the form of:
1) 39.26cent/share as cash distribution
2) 8.37cent/share cash or RM15,000,000 remaining in the Nylex as listed cash company. In other words, need to use this money to employ some staff to do something. WHY don't delisted the Nylex, this RM15,000,000 can be used to pay to Nylex Mi???
3) 52.37cent/share of Ancom share in which assumes that Ancom is priced at RM1.50 per share. Ancom pays to Nylex Mi 31,129,508 Ancom new shares. Ancom new shares for Nylex Mi with value =31129508 x RM1.50 = RM46,694,262. For Nylex Mi, 2.8641 shares of NYLEX get 1 share of ANCOM only.


Nylex shareholder esp the minority shareholder, Nylex Mi should not accept offer of RM1.00 per share which is pretty too low from Ancom bcs of:

1) Significant improving Nylex business, latest quarterly EPS=6.36 cent.
2) Nylex NAV = RM1.74. Nylex minority shareholders,Nylex Mi lost 74cent per share!!!
3) Ancom latest quarterly EPS = 3.19 cent with NAV= RM1.49 only.

In conclusion, the offer for the Nylex Mi is really a bad offer. By right, the offered price of Nylex should be higher than the share price of Ancom because both EPS & NAV of NYLEX is better than Ancom. How come this simple logic Nylex directors don't understand? Nylex directors should work for all the shareholders of Nylex first.

Taann is the best value plantation stock with high NTA, high cash pile, high earning, high traded volume, etc. Moreover, CPO price is remaining high this year.
So far only Taann can attract me to buy it even I prefer steel and tech stock most.

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.

I do think will be something like KOBAY. But, I won't think Hightec can achieve KOBAY way, up 300%++ in 3 months.

Uncle Koon is an old man, and always never take calculation seriously. Let me point out his 2 mistakes for the calculation which are related to free bonus issues:

1)ASTINO(4:5)- 4 bonus shares for every 5 existing Astino shares on 16JUl2021.

2)PRESTAR(3:5)- 3 bonus shares for every 5 existing PRESTAR shares on 11AUG2021.

Now, the provided share price for Astino is 74cent and Prestar is 77 cent, But other steel stocks like AYS, LEONFB, CHOOBEE, ETC no free bonus are given, and this make the EPS divided by price calculation become incorrect.
To correct the calculation, the Astino & Prestar price should be converted to pre bonus price bcs the given financial results are pre bonus one. Astino price should be = 74cent x 1.8= RM1.33 & Prestar price should be = 77cent x 1.6= RM1.23

Lastly, the EPS divided by its respective share price:

Astino = 8.5/133=6.4
Prestar = 9.6/123=7.8

In conclusion the so called EPS divided by share price ranking should be different. The best is AYS, second is Leonfb and followed by Choobee, ....

Uncle Koon, pls ask someone to help you to examine your writing, misleading calculation is not good for making the right decision.

Bought @ RM2.33.
Airline stocks are already go up so much. Mulpha time to takes off to the sky.

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.

Bought at RM3.55

Excellent profit!!! With highest revenue.
Latest quarterly financial result is 29.18cent. The NAV is RM9.29.
Due to tight food supply, next quarter financial result is optimistic to be very good indeed.

Due to smaller transaction volume, MHC share price needs longer time to achieve its value. MHC should be around RM1.00-RM1.20. MHC dividend is much higher than FD.

Luckily, ALCOM is seen by more and more people. I think can reach RM1.00 and stablize around RM1.00

Bonus shares and warrants!!!

AYS liabilities is improving in the right direction with much higher revenue and profit.

4 days of accumulation

Good quarterly financial result with higher revenue and EPS=10.53 cent.

High demand from oversea for steel and aluminum products. Furthermore, more and more sectors are open that includes the construction and property.

Alcom will wake up soon. All steel and aluminum stocks are up significantly.

Bought Nylex @ 82cent.

Alcom latest quarterly result proved its aluminum business is back. Previous quarterly result, the aluminum business profit is only 11% from its total profit, whereas the property & construction business is 80++%.

Now the aluminum business profit is increased by 226%, i.e. earning increased from 1.186million to 3.869million. Total aluminum business is 33% from its total profit.

New launched property project, HUB2 achieved significant higher sale. The profit in property segment is decreased due to slower construction progress in this MCO environment. High unbilled sales ensure the upcoming property profit.

The latest quarterly financial result is increased from the previous quarter of 5.51 cent to 5.86cent.

Alcom latest quarterly result beat expectation esp in Aluminum business which is mostly for export.

MHC is the Lowest PE palm oil plantation company now.

Leonfb starts to move up.

Malaysia has value investors.

So far, smart investor patiently accumulate @ RM1.79 - RM1.84. Weak holders only keep the shares for less than 2-3 weeks.

Harnlen low PE is due to disposing its palm oil estate. Never make any profit in these 2 years if don't take the disposing palm oil estate into account.

Comfort PE is less than 2. The most profitable listed company in Malaysia. If you are value investor you will buy it. The glove demand is still very strong amid the spread of delta variant, covid-19.

Mahsing venture into glove business that announced on 15Oct2020. Before 15Oct2020 Mahsing had already spent time on preparing many works to venture into glove business. Until today, Mahsing still can't get significant profit from this glove business.
https://www.thesundaily.my/business/mah-sing-ventures-into-glove-makin...

Most probably, end of the year Mahsing might start to see some good profit from glove business.

AT also said ventured into glove business in August 2020, but until now, AT still can't get significant profit from glove business.
https://www.nst.com.my/business/2020/08/615577/systematization-diversifies-glove-manufacturing-business

Value investors will buy Comfort share. PE is less than 2.

So far, all glove counters share price go up.

Value investors will buy Comfort share. PE is less than 2.

PE= Share Price / Earning in one year.
One year got 4 quarters.
Comfort latest quarterly result, Profit=37.75cent.
Share market always look forward to future earning. Comfort production keep on increasing and even gradually drop in ASP, the revenue will cancel the drop in ASP. This can be proved by the latest comfort revenue and profit margin. Let says comfort earning maintains for 4 quarters at 37.75cent.

COMFORT PE= COMFORT share price / earning in 4 quarters.
COMFORT PE = 181 / (37.75 X 4)
COMFORT PE = 1.21

COMFORT is the lowest PE listed company in Malayisa (or the best earning listed company)

Anyone can challenge Comfort is not the most earning company in Malaysia?
Can you tell me one more listed company that its earning is better than Comfort in Malaysia?

Comfort is the most earning listed company in FBMKLCI or lowest PE in MALAYSIA. Anyone can list a company that has lower PE(PRICE PER EARNING)) than Comfort?

Comfort is more flexible to the glove market demands as reported:

The Group has better competitive advantage as we differentiate ourselves by
producing natural and synthetic premium specialty gloves. Our machine lines are
designed in such a way that it can produce both latex and nitrile gloves, regardless of
specialty or medical gloves. The interchangeability of the line enables us to switch
production base upon demand dynamics especially there is shortage in supply of
natural or synthetic latex. Hence, even without Covid-19, the flexibility of our
manufacturing process and customer base outside the medical market has allowed us
to effectively expand our market base for specialised industrial use

Record high inflation in US, the US market are dangerous, anytime could be a significant correction. To counter the inflation, the US might increase the interest rate earlier than expected.

At least Comfort price is gradually going up now.

Director buy back Comfort stock.

Glove stocks are back.

Even fully vaccinated or 2 doses, the efficiency of the vaccine is less than 50% to prevent the covid-19 delta variant. The highest vaccinated country, Israel shows that the efficiency of the vaccine is only 39%.

The only good things are:
The two-dose vaccine still works very well in preventing people from getting seriously sick, demonstrating 88% effectiveness against hospitalization and 91% effectiveness against severe illness, according to the Israeli data.

https://www.cnbc.com/2021/07/23/delta-variant-pfizer-covid-vaccine-39percent-effective-in-israel-prevents-severe-illness.html

Wearing mask and social distance are the norm at least a few years. In other words, gloves demand are still high in these few years.