Once the steel price is up, I believe Leon Fuat will move up at fast velocity

Leon Fuat's PE ratio is very low compared to its peers but the company has high EPS

Grab the opportunity to collect some before it starts moving up high

Flattish sentiment currently based on the reading of MACD...

Their NOSH is low, that's why hard to get more than 100k units of share

If there's influx of volume, it sure will break EMA 50

Looking at the technical chart, Leon Fuat is pending consolidation breakout

I think the timing is when the war ended ba...

It will attract buying interests and huge volume will come in

Leon Fuat will fly high together with the increasing demand of the steel

Extensive customer base for Leon Fuat will help the company to hedge against the economy uncertainty

Good sentiment for tech stocks currently which is driven by US big tech quarter reports announcement week

Build back the infrastructure of the country will make steel and other commodities very demanding

Steel price will fly after the war ended

They sure will tell shareholders that economy is bad la, quarrel between US and China, interest rate hike la blablabla

Just a matter of time, this company will be back to their peak moment

Leon Fuat has variety of customers, e.g. construction industry, plantation industry, semiconductor industry and etc

Good chance to collect again if drop to certain cheap cheap price

Expected their next quarter results will be marvelous

Lean Fuat will attract buying interest eventually

Temporary good sentiment for tech counters due to the small rally in US SnP index

Improvement in both momentum and trend in the near term for Leon Fuat can be expected

Trend reversal begins and Leon Fuat is rebounding off its support level after its prolonged downtrend

Plus LEONFB's price to earning ratio is quite low as well. So currently it's undervalued

Collect when the price is cheap as the steel market will be rebound strongly when the demand is booming

wait a little bit more the price will become cheaper and then it's time to hoot

Pick up some when the price is low and wait patiently for it to break out. As my Sifu said, the stock market is a device transferring money from the impatient to the patient one.

When limit up? That's a good question. But only God will know

FYI, HRC can be used in automobile parts (e.g. frames and wheel rims), construction materials (I-beams), railroad equipment, etc. Huge business growth for Leon Fuat in the future if everything's back on track

Leon Fuat's turnover mainly comes from the trading of steel and the sale after processing; and the steel products traded by the company are mainly hot-rolled steel (HRC)

Just a matter of time, Leon Fuat will Huat again

Construction activities are recovering and steel products will be in demand

So far this company has more than 3,000 customers, including equipment for the planting field, construction field, and even companies in the semiconductor field.

LEONFB's customer base is very extensive. So they will back to prime again

I guess that will benefit the steel company as well

I saw that Government is going to issue RM11.4 billion for maintenance and repair of existing government buildings. What a big fund

It still remained strong at the price above 20 cents from today's overall bad market condition. Keep monitoring and next breakout can be awaited

I thought it will drop 2 or 3% after announcement of OPR hike, but it remains strong at the range of RM3.75 to RM3.85~

It's still standing strong after OPR hike

Agreed. Need to keep monitoring the price movement and the good news they deliver. Brace for the counter to rocket up

Lol. I wish it will drop back to below RM10 like during Covid era. Then that would be very very yummy

First average price for this counter will be at RM3.50 for me...

Yup. Seems likely will drop to RM26 seeing that downturn for technology sector...

Optimistic price movement as it stays firmly at the support price of 20 cents during pessimistic market situation. Very nice

Last day of 2nd quarter of the year. Probably it will close green

Last day of 2Q22. It will close green for window dressing I think

Wait for the announcement of PCE index tomorrow then see the market situation...

Temporary drawdown i think due to profit taking and wait for the important PCE index to announce tomorrow...

Yup. Most of traders would take profit yesterday. For me wait for the right price to average. Hehe

Market sentiment skewed to optimistic for now I think. Wait for PCE index this Thursday ba. Expected it will lower down a bit, then the market will be very green afterwards. Haha.