can not break 0.44, no volume

when can break .44 convincingly..?

yes, very sure

Leader Steel sees improved revenue, profit , BY The star
Author: bali | Publish date: Mon, 19 Dec 2016, 04:43 PM

BY DAVID TAN

BUKIT TENGAH: Leader Steel Holdings Bhd expects its revenue and profit for financial year 2016 to improve by strong double-digit percentage over 2015 due to higher steel prices and stronger demand from the construction, renovation and furniture industries.

Group managing director Datin Tan Pak Say told StarBiz that the pricing of steel pipes was now around RM3,000 per tonne, about 25% higher than in early January.

She said steel pipe prices had increased due to the stringent conditions regulating the entry of imported steel products.

“Since late 2013, imported steel products need to have product certificate licensing and certificate of approval to sell in the country.



“As a result, there is less competition from low-quality steel products from overseas.

“The anti-dumping duties introduced in early 2015 for hot-rolled and cold-rolled coil from China is also beginning to produce results,” she added.

Tan said that since January, the group had seen orders from the construction, renovation and furniture industries increased by more than 15%.

“Our new production line installed at the Sungai Bakap plant late last year has helped us to cope with the new orders by raising output by more than 10%,” she said.

For the nine months of the financial year ended Sept 30, 2016, Leader Steel had returned to the black with a net profit of RM5.2mil on the back of a RM120mil revenue, compared with a net loss of RM2.5mil and a revenue of RM121mil previously.

Last year, the group posted a net loss of RM872,000 on the back of a RM32.5mil turnover.

Moving forward, the group expects the trend in orders to maintain in 2017.

“The prices of steel should maintain also. We can expect a strong double-digit percentage growth for the group in 2017.

“We plan to increase our production capacity by about 20% for 2017 to produce more variety of steel products in different sizes,” she added.

On its business operations in Sarawak, Tan said the plant there had recently obtained SIRIM certification for its steel products sold in East Malaysia.

“The certification will help the group to broaden its customer base in East Malaysia,” she said.

On the trading segment which contributes about 20% of the group’s revenue, Tan said Leader Steel’s manganese products were sold largely in China.

“The price of manganese has risen by more than 50% since early this year,” she added.

Prospects

In view of the continued challenging environment arising from the ongoing uncertainties of the global
economy, including volatility of foreign currencies and oil prices, we expect the business environment
for the manufacturing and trading of steel products to be impacted. In addition, shortage of materials
due to anti-dumping policy imposed on China’s imports and reduction of production by local
upstream steel manufacturers are issues of concern to the Company.
However despite challenging environment, the demand for minerals remains stable. Hence the
management is optimistic that the trading of minerals segment will contribute positive results.

On the assumption that this environment will persist, the Board is hoping to achieve an improvement
in the performance of the Group for the quarter ahead.

complied to KYY golden rule, ie get better quarter profit than previous quarter profit

iron ore price now over usd80.00, at least future will be good..

gradual light power is building up.

On the mineral trading business ie iron ore, LSTEEL expected the contribution from the segment for 2016 to be around 30% to 35%, as the price of mineral had improved significantly this year (around usd70 now, it lowest is at usd38)

By harryt30

今天整理数据的时候发觉，惊觉马股已经有4家公司的涨幅超过了200%. 这4家公司如下:

MYCRON - 292.45%,
MEXTER - 278.57%,
ANNJOO - 217.91%
JHM - 201.08%

而在涨幅最高的6家公司当中，其中6家来自钢铁领域，分别是MYCRON, ANNJOO, MELEWAR以及LSTEEL。所以2016年最火热的领域就是钢铁领域，这跟去年的美金出口股非常相似。去年最火热的出口美金股GESHEN, COMCORP, EVERGRN以及HEVEA, 这4家公司去年的涨幅介于290 - 397%之间。所以说无论市场多么不景气，每年总是会有一些领域脱颖而出。

KUALA LUMPUR: Painting a positive outlook for the steel industry, the Malaysian Iron and Steel Industry Federation (Misif) said there will also be more mergers and acquisitions (M&A) — vertical and horizontal — over the next two years due to overcapacity.

“The industry needs to consolidate through mergers and acquisitions,” said Misif president Datuk Soh Thian Lai, adding that the consolidation would boost competitiveness in the sector.

More than 10 of Misif’s 150 members have expressed interest in the consolidation effort, Soh told a press conference yesterday at the 12th Misif Conference on Status and Outlook of the Malaysian Iron and Steel Industry.

He, however, declined to disclose the names of the companies.

Opening the conference earlier, Deputy International Trade and Industry Minister Datuk Ahmad Maslan said industry players must seriously reflect on the need for consolidation in this challenging time.

“Apart from mergers and acquisitions, the industry can consider domestic partnerships or joint ventures to consolidate and realign production to meet demand, in both the domestic and export markets,” added Ahmad.

Stressing that consolidation would benefit the industry, Malaysia Steel Institute (MSI) chief executive officer Jarrod Lim pointed out that China’s steel players became stronger and showed great improvement after a year of consolidation.

Lim said the Malaysian government has initiated a five-year consolidation plan involving three stages. The first stage would be to promote the effort to all the players in the industry, which MSI will be doing from November.

MSI will then proceed to the second stage — implementing the consolidation effort if there is a positive feedback from the industry players. The third stage involves ensuring the sustainability of the overall industry.

Speaking at the same press conference, Southern Steel Bhd managing director Chow Chong Long said overcapacity in the industry has affected the steel producers as there are too many players and profitability is not seen.

Soh stressed that the overcapacity was caused by China exporting a lot of light products to Malaysia, and not due to overinvestment.

“The overcapacity is not because we overinvest,” he said, adding that the current investment is based on the anticipated increase in steel consumption.

China’s steel exports to Malaysia increased from 900,000 tonnes in 2011 to 3.4 million tonnes in 2015, he said.

Amid the challenging economic conditions, Misif sees a better outlook for the iron and steel industry in 2017.

“The worst is over,” said Soh. “The industry has ‘edged’ up since 2015 and we see the upward trend.”

He said steel prices have recovered after China cut its output. Beijing has agreed to slash its production capacity by 45 million tonnes this year.

Soh said steel prices have normalised in the current quarter compared to sharp falls a year ago. The normalisation is expected to persist in the fourth quarter of this year before an upward trend is seen in 2017, he said.

He noted that prices have moved up by 10%, with another 5% to 10% increase expected.

Currently, long steel is priced between RM1,800 and RM1,950 a tonne, while iron ore is priced at US$56 (RM236) per dry tonne.

Following Megasteel Sdn Bhd’s closure, short-term measures have been implemented. Hot rolled coils (HRC) are now being imported with a one-year duty exemption and are now priced at US$450 a tonne.

The total consumption of HRC is 2.3 million tonnes of which 700,000 tonnes are locally produced.

For Budget 2017, Soh hopes the government will reduce the corporate tax by 3% and grant 100% investment tax allowance to industry players instead of the current 60%.

“This will encourage more companies in the construction industry to adopt the industrialised building system, which is currently adopted by less than 20% of the local construction sector,” he said.

今年三月起, 中国的鋼鉄去产能，铁矿石異军山突起，導至马鋼市缺货，需求忽然來个緊急上升，价格大舉殺上，高存货公司第二季猪籠进水，龍头和二三线各有收穫，经过了短暫调整洗盤，钟老板又送来好消息，偏钢公司大大受益，股价继续攀升。接下來好消息陸继有來，可预知的如下：
1. 未來财報继续上升
2. 中国货或許没有來，回为价格高升不符合经济效益
3. 十月预算案
4. 铁矿价持稳在usd50-60之间
5. 鋼股低迷太久，上市老板们都在挍盡恼汁，設法發放公司好消息，推升股价
6. 來臨十月，長偏鋼或再次缺货
7. 名人官老，马华何老，各位大大，各大網络報張，大力奉埸，連各大基金经理也开始关注了
8. 本地長鋼rm1900, 偏鋼hot roll pipe rm 2900, cold roll tube rm3200 普遍低於中国价
9. 15% 的进口税会加入进口的長鋼，鋼线，已証實

Leader Steel sees 20% growth in Q2 (the star)

BUKIT TENGAH: Leader Steel Holdings Bhd expects its second-quarter results to improve by at least 20% over the first quarter 2016 and the same period last year.

Group managing director Datin Tan Pak Say said the increased in sales was usually between 5% and 10% per quarter but due to the shortage of hot and cold-rolled raw materials, the demand had “surged”.

There is a shortage in the market today for such raw materials because Malaysia had imposed anti-dumping duties on steel coil product such as hot-rolled coil (HRC) and cold-rolled coil (CRC) from China, Indonesia, and Vietnam.


“In the country, you can only source steel coil products from maybe three to four players in the market. But the supply is very limited because some of the local steel coil re-rolling mills are exporting their products,” she added.

HRC products are used to make structural steel while CRC for thinner steel used in the furniture industry, according to Tan.

The current price of HRC and CRC is about 30% more than from two months ago.

Hot-rolled pipes are selling around RM2,850 per tonne, while cold-rolled tubes at about RM3,100 per tonne. “Our selling price of steel pipes and tubes have increased at least by about 30%-35%,” she added.

Moving forward, the group had recently invested about RM2mil in a new production line for its plant in Bukit Tengah to increase monthly output by more than 10%.

“This increase in output should help the group enlarge its market share in the country. Leader Steel’s steel pipes and tube products are sold to hardware wholesalers in Malaysia,” she added.

According to Tan, the price of steel coil products imported from Taiwan and Japan is expected to rise by 8% to 10% in July and August due to the shortage in the Asia region.

“In the fourth quarter, the pricing is expected to stabilise as the shortage situation will improve,” she said.

On the mineral trading business, Tan said the group expected the contribution from the segment for 2016 to be around 30% to 35%, as the price of mineral had improved significantly early this year.