Wow. Moving up so aggressive after lower than estimated cpi was announced

Also, steel demand will increase as a result of the increase in construction activities and the infrastructure projects planned for 2023

Steel demand will see further growth of 2.2% in 2023

https://www.fastenereurasia.com/?h1861/worldsteel-short-range-outlook-2022-%E2%80%93-2023#:~:text=worldsteel%20forecasts%20that%20steel%20demand,2.2%25%20to%20reach%201%2C881.4%20Mt.

Took a bit profit yesterday...up a bit fast and high

The steel wave will return strongly, and the demand for steel will rise early next year

Take the opportunity to collect some before it becomes too high

FED will slow down the pace of rate hike. Good news for tech counters

https://www.reuters.com/markets/us/feds-powell-rate-hike-slowdown-possible-next-month-inflation-fight-far-over-2022-11-30/

Their cost of good sold was high causing their gross profit margin decreased to 2.9% compared to 12.7% in last quarter

Q3 results were out. Revenue rose 4.8% qoq and 11.4% yoy, but presented net loss in the quarter

Not much dividend given but can use it to reinvest it

Don't miss the opportunity to ride with the wave of surging

Great! Leon Fuat has broke 100 EMA amid awaiting its Q3 results announcement

Good. Still have chance to wait for discounted price to collect

High chance for it to break 100 EMA after stellar Q3 results were presented

Awesome. Just a matter of time Leon Fuat will break 100 EMA

Thought can collect some at discounted price after MPI announced poor Q3 results...

Don't forget after the war, rebuild the country in Ukraine also required steels and other building materials

With strong construction activity in Malaysia, the steel industry is expected to return to its peak

Nice. D&O Q3 results were out. Matched my estimation

Agreed. Buying sentiment on steel industry will aggravate after that political fiasco

It appears that PH and PN related counters are seeing a lot of trading activities...

Wow. Semiconductor index up 3%

https://www.marketwatch.com/investing/index/sox

Leon Fuat's large customer base comprising manufacturers of metal products and components, fabricators of machinery, equipment and metal structures, companies within the building, construction and infrastructure industries, and hardware wholesalers and retailers, from local as well as overseas markets such as Thailand, Singapore and Vietnam.

The consumer base of LEONFB is enormous. They will therefore be brought back to their previous splendour.

Expected this Thursday D&O de Q3 result will out

The growth in steel demand will rise in tandem with the increased orders from customers in the manufacturing, construction, and infrastructure sectors.

Steel wave continues to blow and don't miss the chance to collect when Leon Fuat is still undervalued and cheap

Quite strong movement MPI shows..

The steel industry will return to its peak moment, and this company will move up further in due course

Leon Fuat's p/e is below 2.00 times currently. So it is still a low cost to buy

On the other hand, I am still waiting for certain cheap price to collect. Hehe

Congratz to investors who catch it below 50 cents or during its 52 weeks low

Fantastic. Today's blowing steel wave and Leon Fuat is breaking 50 EMA

Let's wait for the result out ba. Estimated they will make approx RM250 million in revenue

After quick research, hot-rolled steel can be used in construction materials (I-beams), railroad equipment and also automobile parts (e.g. frames and wheel rims)

The primary source of Leon Fuat's revenue is the trading and post-processing sale of steel and the company mostly trades hot-rolled steel

Haha, good one James_Bond.

Steel industry will back to their peak moment because rebuilding one country will increase demand for steel and other commodities. 

Russian troops withdrew from Ukraine key city, Kherson. The 'quarrel' is going to end soon

https://www.reuters.com/world/europe/russia-says-it-has-completed-kherson-withdrawal-tass-2022-11-11/

Good profits you had earned, James_Bond
Your entry price of MPI must be quite low

Moreover, Malaysia Steel Institute (MSI), an agency under the International Trade and Industry Ministry (Miti), has expressed optimism about the domestic steel outlook. Thus, Leon Fuat is so undervalued currently

Malaysian Iron and Steel Industry Federation projects the apparent steel consumption (ASC) for Malaysia to grow by 11% to 7.8 million tonnes in 2022, and 9% to 8.5 million tonnes in 2023

Positive sentiment is back to tech and others due to US released lower CPI data for Oct

Believe that the steel industry will return to peak with strong construction activity in Malaysia

Malaysia steel price is increasing gradually after the endemic was declared

https://www.isquareintelligence.com/insights/malaysia-iron-and-steel-prices

Better than estimated de Q3 results for D&O can be expected?

Both momentum and trend are improving in the near term for Leon Fuat as the demand of steel is increasing

Trend reversal gradually appears. Leon Fuat will rebound greatly after its protracted downtrend

Next average price is RM22 if it can reach there...

So don't miss the opportunity to collect when it's still cheap before it starts moving up high