I check Lionind companies, parkson is not in the picture. why many like to associate parkson with Lionind.
Lionind has steel mills as Amsteel in batu raja, klang, banting, antara steel johor and antara labuan for HBI export market. also small contribution from property and lubricant eg engine oil, hydraulic oil etc.
Business model of Lionind is intact with tariff protection until 2020 but with the increase rebar price from China, somehow the protection is some how meaningless.

Additional earning contribution from HBI export will give extra boast to share price as around SEA many steel mills like veitnam, Thailand Indonesia will start up their mills back and demand of HBI will increase.

@RJ87, this is the beauty of stock market and that's why term as "market".
dragonslayer is an excellent market punter, he listen to market. For me I do statistical of how many negative view and how many positive. To confirm with my chart.

Planning is importance, if you want safe and easy easy money buy southern steel now. I wait bigger bargain from lionind. Thanks Calvintaneg instill fear in the counter. good job.

Even bad result will not give any meaning as three quarter results already excellent with 21.1 cents compare to last year 15.4 cents increase of 37%

Last year 28Aug2017, Lionind price drop from 1.09 to 1.01, drop from highest of 1.28 however it went to the highest of 1.67 after QR.

If coming QR is not good means it is a last opportunity to buy in and sailang and sailang and sailang.

Let's see how much it can go down, many are waiting to mouth the meat. I makan sikit dulu.

QR will be bad and panic selling , good to buy in he he he

NOSH 720 mils, share price 1.09 market capitalization 785mils. If you buy now, you have 4 steel mills-amsteel, klang, banting, antara and one blast furnace.

2016 one blast furnace already cost 1 billion ringgit. Don't you think buy lionind at 1.09 is a big bargain.

Of course there are risks in Lionind, WC is an aggressive business man (-ve) point, however his contact with Tun M administration had been very fruitful for him. He can make huge money but vise versa he also can loose a lot of money.
Look at the news today, Tun M want to bring down the alliance steel great wall of China. Luck is on Lionind now.

Lionind just started operate the closed down factory for antara in johor (rebar) and labuan (HBI). Coming QR how they going to report the profit for everyone to guess

This is a final quarter for lionind, so they will not produce a good quarter result, keep some for next year. Already 3 QR = 27 cents, no need to report all

With experience of Lionind in the steel mills, they can operate megasteel blast furnace for pig iron production in very fast way and profit can roll in very fast. I guest technical know how is not a problem at all.

The 537.7 millions asset can be easily reschedule payment for 10 years and most creditors will love to hear that. It workout to only 4.75 millions a month. Profit from lionind can easily pay off. The whole exercise is a win win business for all.

When megasteel start to roll in the profit , you can see the how lionind will shooting to the sky.

if you read the report, lionind only pay the electricity dept of 8.5 millions equivalent to 2 cents and total 35.8 millions electrical bil.

This is a very good deal to start a factory by only paying the essential items.

@ why lionind has to cash call for mega steel, they already mentioned to take over "only the asset" to make mega steel in operation again with minimum expenditure like electricaity etc.

The banks and creditors will love to see megasteel in running again without paying more money, why need to cash call? Furthermore steel company are now able to make profit. why leave it idle? It is a wise move.

I had follow last year 21 Aug2017 price pattern, it is 99% on the dot.

As the price drop, the risk become less. I would say the risk post by QR result is minimum now
Buy more

low risk high reward even if the QR no good and price drop, I will collect more

buy more

China rebar price keep going up http://www.sunsirs.com/uk/prodetail-927.html

buy now

HUuh China rebar price shooting up liao go go go

http://www.sunsirs.com/uk/prodetail-927.html

CSC steel is cold rolled mills for thin steel plate, difference from Lionind,

QR result anything more than 12 mils, masteel shall go more than 1.00

@superPanda If you go to steel mills, any steel mills in Malaysia, you will understand what is heavy engineering is all about and how complex it is. Not as your simple imagination.

Another Hengyuan in the making, tanung haji is selling...

may be this round Lionind profit is sustainable with 2 new factories in operation and bringing in extra earning. Lionind will be better than annjoo and southern steel for sure.

sell 1.22

@now can Mr. Koon write another blog admitting his mistake ? not only on lionind, masteel etc also jaks, sendai

This old man a little funny, gold he see as shit like lion , shit he see as gold like jaks. ha ha ha no surprise he suddenly come and buy shit

wow break new high again geng geng geng

sell 1.2

China rebar price continue to rise on tight supply and pollution control

https://www.metalbulletin.com/Article/3826963/CHINA-REBAR-Domestic-prices-strengthen-further-on-tight-supply.html

those already collect enough will want it higher, those not yet collect enough will not want it higher. phyco play

syndicate is putting a 11,951 road block at 1.15

3rd attempt breakout for real now wait to fly liao

OTB want to make aslm ashame, he eat all the share today, volume coming back woooo

Turkey financial woes already over, KLSE will strengthen again tomorrow. Ringgit weaken to 4.09 against dollar. HBI export will be in focus again .

Building material no SST
HBI export increase with weakness of dollar
Tun M trip to China will bring more projects

@aslm, Why you so interested in OTB buy/sell call? are you the syndicate or u sudah kena tipu ? kalo sudah kena tipu just admit so that others can learn lol ha ha ha

@Icon8888, The worst is stupid China man still think he is very smart without English can do business with US. Really stupid mentality.

@Icon8888, you must be stupid lol, the USD550 bil is all US producers set up factory in China and re-export back to US. The American only take advantage of cheap labor in China.

@CharlesT, Malaysian manufacturers like southern steel, Annjoo, Masteel and Lionind produce much and better quality steel than any China steel manufacturers as they are using malaysian standard and ASTM standard if you understand what I mean.

China producers product rebar with China standard how to export to US? beside the English

@CharlesT, Can you sell anything to US without speak English?

Alliance steel is China state own company, non in the company can speak English including the CEO. you judge by yourself

China steel demand is at record high, you have to go to China and see yourself the construction activities that is ongoing in every city and town. They are building well organised concrete jungles with hundreds and hundreds of high-rise for office and residential.

@aslm they are selling back to China. Don't mislead the forum

The latest news is alliance steel in kuantan main export rebar and wire rod to china, sell small quantity local market.

1.09 resistance very strong, already second attempt

China rebar price break new high

http://www.sunsirs.com/uk/prodetail-927.html

This is 1st test 1.10, it is not too late to buy at 1.10 on breakout if test to breakout the second time

buying rate at 76%, vol percentage 2.7% (highest) operators just accumulate share la

Syndicate operators will not run so fast la , if they run now, no enough meat, this is just the beginning if you know how to analyse.

it will be very fast to reach 1.3 as resistance is getting less and less, big hurdle already clear.