The steel company need writer to make up good story for the company? ha.ha.. ya..if that is the case... the writer is a good candidate....but I think there are better writers in the forum...good in essay writing to cheat investors.....

Remember.... US not just impose tariff on China... US also impose tariff on many other countries inclusive Mexico, a developing country, to "return US glory".... When will US impose tariff on furniture? Ask Trumph... :-)

Wait for a while....the stock should go down below 0.5....If it goes down below 0.4...somewhere around 0.35...it is safe to buy.... Now it is still too early to say if US China trade war will benefit Evergreen.... From the Dividend and EPS trend, the company is cooling off from its peak.... Wait for next quarter result... we will see how the company is doing.... It is pretty speculative to forecast a company future performance based on a single volatile event, namely US China Trade war... No one can predict if the war will continue or outcome of the war if it continues or if the war will burn to other countries... What if tomorrow US declare tariff to other countries to protect its own furniture market... like what US did to Canada, Europe, China, etc for steel and aluminium tariff? Then, Evergreen stock price will collapse? Hence, it is safer to judge the price by looking at the fundamental of the company without taking into the consideration of the US, China trade war. It is pretty speculative....or "Goreng"...

2.49 is before 1:2 bonus issue price.... Safe to buy if drop below 0.35... still too early to enter...

Essay writing... good effort...but not realistic...

There are so many stocks in Bursa to choose from....especially at this depressed market...why risk to buy questionable LionInd...... wait for a while and the truth will surface itself...

by the way...if integrity of the management team is in question....the earning and PER of LionInd might not be true also...

I believe KYY is just reducing stakes in JAKS..... He will continue to hold substantial amount of stock in JAKS.... The drop will stop....

I guess JAKS was just losing the RM50M lawsuit. This explains the dropping of stock price. It is not due to the "Ms Yeo Bi Yin announce to cancel 4 IPP contract".

The future for Lion Ind is not good.... This mean future EPS will go down... This is why current PE is very low as it is based on past EPS. The current rebound to 70 cent + is not sustainable. It will fall back to 60 or 50 cents. Actually, if you look at the technical trend line chart, it is going downward also... People are selling.... The recent events(stopping or delaying of mega projects, increase of electric tariff, US/China trade war etc) after GE14 are not favourable to Lion Ind. The promoters for this counter already shout undervalue for this LionInd from RM1.5 till 60 cents today....
Why is it? This is because investors who are trapped are rushing to sell due to cloudy future of Lion Ind. There are plenty of good and safer stocks in Bursa... Pause a bit and see Lion Ind stock development... why rush(got very good new lately?)? Time is our friend....

Another Railway project is in jeopardy. Less demand for steel and iron....

RTS Link project in limbo

JOHOR BARU: Besides the High Speed Rail (HSR) project, another major project that could be in limbo is the Johor Baru-Singapore Rapid Transit System Link project.

It is learnt that the joint-venture companies tasked with implementing the project were to get the project off the ground by the end of last month.

As such, the time frame set for the project seems to have lapsed.

In January, Malaysia and Singapore signed the agreement for the new 4.2km RTS Link to transport some 10,000 passengers an hour, or 72,000 passengers a day, in four coaches travelling at 70kph.

The link, which was scheduled for completion in 2024, will have co-located the Customs, Immigration and Quarantine (CIQ) complex and provided seamless connectivity between the Bukit Chagar station in Johor Baru and Woodlands North station Singapore.

Sources said a compensation clause would likely require Malaysia to pay damages to Singapore if the project is shelved.
....


Read more at https://www.thestar.com.my/news/nation/2018/07/14/rts-link-project-in-limbo-sources-msia-would-have-to-pay-damages-to-singapore-if-its-shelved/#j7Exoe1GFILer1Ez.99

Misif: Steel industry faces RM100m extra cost
KUALA LUMPUR: The Malaysian Iron and Steel Industry Federation (Misif) claims the industry would face an additional cost of RM100 million a year following the latest adjustment to the imbalance cost pass through (ICPT) announced by the Energy Commission last week.

The adjustment for July to December sees the removal of a 1.52 sen/kWh tariff rebate for all users in Peninsular Malaysia and a 1.20 sen/kWh tariff rebate for users in Sabah and Labuan, while a 1.35 sen/kWh surcharge is imposed on non-domestic users.

Misif said the net impact of this adjustment is an increase of 2.87 sen/KWh, or 8% to 16%, for industrial users. In a statement yesterday, the federation said electricity and natural gas are essential utilities in the iron and steel industry’s production process.

“To be competitive against imports, and to remain competitive in the international market, the industry critically needs a competitive energy cost.

“Steel-making and rolling processes consume more than 650 kWh per tonne of electricity. This latest adjustment will translate into more than RM100 million per annum of additional cost for the industry,” Misif said.

The federation said the industry has encountered the worst onslaught of cheap imports for the past five years and is just about to recover with some nascent growth in the horizon filled with challenges.
.....

http://www.theedgemarkets.com/article/misif-steel-industry-faces-rm100m-extra-cost

The worst is yet to come...

EC cuts growth forecasts as trade war looms; US inflation hits six year high - as it happened

All the day’s economic and financial news, as escalating trade tensions between China and Washington worry investors

Latest: US inflation rises to 2.9%, outpacing wages
EU trims growth forecasts
Moscovici: Trade wars produce casualties, not winners
Introduction: South Korea fears trade war damage
Full story: Markets rattled by $200bn tariff threat

....

https://www.theguardian.com/business/live/2018/jul/12/trade-war-fears-markets-jobs-south-korea-trump-business-live

nope...I will not scream Lion Ind to be lion king if it drop to 50 cents.... It will also not drop to 5 cents... Like I say....market not good... I will wait for Lion Ind to drop to below 50 cents before I will consider to buy due to many reasons as I said before.... I do agree that the LRT3 project will help pick up some demand for steel but it is not enough...

If Herbert is trying to be sarcastic ....I cannot appreciate it at all.... What happen to this person?????

JAKS IPP is in Vietnam .... Ms Yeo Bi Yin cancellation of IPP is in Malaysia. JAKS IPP is not affected at all..... ?????? What happen to the author????

Super panda .... I will wait for below 50 cents...market not good.... today just rebound....will wait...

Till the environment improve

But one can also choose to hold....

The future for lion ind is not good

Look at myeg.... After rebound it will continue the down trend....

Rebound... If can sell better sell.... Before it continue falling

Can buy if drop below 50 cents

Rebound... good time to sell before failing further...

US to slap tariffs on extra US$200 billion of Chinese imports
WASHINGTON: The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra US$200 billion (£150.8 billion) worth of Chinese imports.

The administration released a wide-ranging list of Chinese goods it proposes be hit with tariffs, including hundreds of food products as well as tobacco, coal, chemicals and tires, dog and cat food, and consumer electronics including television components.
...

Read more at https://www.channelnewsasia.com/news/world/us-lists-us-200b-in-chinese...

Malaysia's new PM seeks ways to cut debt from 65% of GDP

May 23, 2018 18:34 pm

KUALA LUMPUR (May 23): Malaysia will try to cut its national debt of 1 trillion ringgit (US$251.67 billion) by aborting some projects, reconsidering others and cutting ministers' salaries, Prime Minister Mahathir Mohamad said on Wednesday.

Mahathir, 92, led an opposition coalition to a shock victory in elections this month, after campaigning on rising living costs and a promise to clean up corruption at the highest levels of government.

.......

http://www.theedgemarkets.com/article/malaysias-new-pm-seeks-ways-cut-debt-65-gdp

China contractor confirms it has halted work on ECRL project
NATION
Friday, 6 Jul 2018

11:52 AM MYT
HONG KONG (Reuters): The Chinese contractor for Malaysia’s US$20bil (approximately RM95bil) East Coast Railway Link (ECRL) has confirmed that it suspended all work on the project as Putrajaya seeks to renegotiate the terms of the deal with China.
....

Read more at https://www.thestar.com.my/news/nation/2018/07/06/china-contractor-confirms-it-has-halted-work-on-ecrl-project/

The ECRL project suspension hits others too
NATION
Sunday, 8 Jul 2018

IT is not only the the East Coast Rail Link (ECRL) project partners who will be affected by the closure of the project, warns its Kelantan contractor.

The local merchants who supply dry food and ingredients to the Chinese workers at the construction site will also feel the bite, he said.

Grocer Hu Muchang, who has been supplying various dishes as well as dry food and sauces to the Chinese workers at the ECRL project site near Bandar Baru Tunjung, Kota Baru, told Sin Chew Daily he would lose business as they are his main customers.

....

Read more at https://www.thestar.com.my/news/nation/2018/07/08/the-ecrl-project-suspension-hits-others-too/

No rush to buy..... Market sentiment is not good.... In addition, electric tariff will go up.... The delaying and cancellation of megaprojects will mean less demand....

Just wait for the short rebound ...then the LionInd price will fall again.... below 50 cents is fair price... Patient is the key.....

Many investors are trapped for those who are unwilling to sell when the price drop of LionInd begins....Be cautious... they will have to sell eventually as the future of LionInd is not good.... Time is our friend....

The Demand is decreasing..... The cost is increasing... Past quarters data earning is no longer valid..... Be safe....wait till the Lion Ind stock price drop to below 50 cents... then decide...if can buy or not... Don't catch a falling knife....

It is still too early to conclude the stock price of Lion Ind has bottomed..... Due to the cloudy future of steel and iron industry...

Electric tariff is up .... means cost is up

Properties sector is slowing down and not showing sign of recovery...

The cancellation or delaying of megaprojects such as HSR, ECRL etc...

Replacement of lighter materials for automotive industry....

The spillover of trade war between USA and China which will slow down the economy of small countries like us due to our dependency to the both nations....

etc..

Hence, many investors are looking to sell their holdings if they have not sold before the stock price drop of Lion Ind previously...One should not eager to buy the Lion Ind now.. The price of Lion Ind is still not low enough.... It should be less than 50 cents...

One should just wait for a few more weeks to see clearer impact.. Remember... there will be rebound before the stock price goes further south.....

The market sentiment for Bursa is not good now.... but the worst is yet to come.... patient is the key....

The bull run for steel and iron is over..... sit tight and wait for further down fall for Lion Ind.... After then, it will take some time for it to recover....

The demand for steel and iron is eroding.... cancellation or delaying of mega projects of HSR, ECRL, replacing steel to with carbon fibre and aluminium for car industry, softening properties market are all negative news to the demand for steel and iron.....

Sit tight to monitor the Lion Ind stock price downfall as Lion Ind stock price will continue to go south due to the cloudy future ahead of it.




Evolution of materials in the car industry
......
Today’s car weight vs the past
Even though the correlation of lightweight components with better fuel efficiency has been understood for decades, the development of new electronics, safety features and entertainment requirements has meant that overall the reduction of weight from new materials has been more than countered by the addition of more technology.

This therefore implies that more effort will have to be expended in order to make the weight savings required, while still meeting safety and environmental regulations as well as consumer expectations.

Taking a concrete example of car mass, Ford’s Model T, launched in 1908, weighed 544-680kg for 3.4m length and 1.68m width. Today, a similar size car such as the Ford KA, weighs 870kg for 3.6m length and 1.65m width.

Nevertheless, with environmental studies showing a correlation between lower weight vehicles and lower CO2 emissions, there is considerable impetus to pursue the lightweighting trend (1).
Introduction of carbon fibre by OEM’s
Today, to counteract the problems associated with finding a material lighter than steel but really strong for body parts, carbon fibre composites might seem to be the obvious choice. Ten times stronger than steel and eight times stronger than aluminium, it is much lighter than both metals.

Again, early adoption of the material comes from Formula One where its high cost is less of a factor than its properties. However, some car manufacturers have started to introduce carbon fibre in their production lines.

In 2013, BMW launched the i series which is its first production electric car with a body made of carbon fibre composite. BMW’s first attempt at an electric car, the 1602e, was used as a shuttle at the Munich Olympics in 1972 but the huge weight of its lead-acid batteries (350kg) meant that it would never make it into production.

......

can refer to the news below for more details.

https://www.oxfordsurfaces.com/resource/evolution-of-materials-in-the-...

the outlook for lion ind is really not good. The increase tariff will definitely impact iron and steel industry as stated in the news below:-


Misif calls on govt to postpone natural gas tariff hike

KUCHING: The Malaysian Iron and Steel Industry Federation (Misif) called on the government to reconsider raising the effective average natural gas base tariff rate, which it says renders the Malaysian iron and steel industry “uncompetitive in the international market.

This comes following announcement by Gas Malaysia Bhd on June 13, 2018 regarding the revision of the natural gas tariff for the non-power sector in Peninsular Malaysia.

The effective average natural gas base tariff will be revised upwards by RM0.17 per one million British thermal unit (MMBtu) or 0.52 per cent from RM32.52 per MMBtu to RM32.69 MMBtu for the non-power sector, including steel producers, in Peninsular Malaysia from July 1, 2018 to December 31, 2018.

The new rate is inclusive of a surcharge of RM0.77 per MMBtu, under the Gas Cost Pass-Through (GCPT) mechanism applied to all tariff categories due to the higher liquefied natural gas price against the reference price in the base tariff during this period.

“Over the last four years, the natural gas tariff has increased eight times, from RM16.07 per MMBtu to RM32.69 per MMBtu, a staggering increase of RM16.62 per MMBtu or 103 per cent.
.....

more details can be read at the link below:-
http://www.theborneopost.com/2018/06/21/misif-calls-on-govt-to-postpon...

The continue correction for lion industry is expected. Now is not a safe time to enter. The fair price would be below 50 cents......

Heng Yuan is Heng Yuan.... Lion Ind is Lion Ind... Please donot mix them together or change the subject.....

After doing some study...I really donot see why Lion Ind is bottomed at the current price....

Be careful..... China steel and iron is flooding south east Asia soon..... The outlook of Steel/Iron related companies are not good inclusive of the Lion Ind.....



China steelmakers shift focus to south-east Asia


Chinese companies have invested billions of dollars in planned steel and coal projects as they chase new markets by shifting production to south-east Asia.

In the past four years, Chinese steel companies have funded 32m tonnes of annual capacity in new steel projects in Indonesia and Malaysia, according to a Financial Times calculation, equivalent to more than 40 per cent of steel consumption in 2016 by the 10 Association of Southeast Asian Nations member states.

Steel has been a contentious commodity as trade tensions flare between Washington and Beijing, with the US imposing global steel tariffs targeted towards what it perceives as cheap Chinese steel flooding global markets.

That, coupled with strong domestic demand last year has led to China to reduce its steel exports. Instead, Chinese producers are moving existing production capacity and investing in plants abroad, predominantly in south-east Asia, to produce and sell in fast-growing markets without the threat of tariffs.

Fast-rising incomes in south-east Asia have meant a boom in car production and construction — both steel-intensive industries. Indonesia and Malaysia still import more than half the steel they consume each year.

......

See below for details...

https://www.ft.com/content/dfa122b8-6f95-11e8-92d3-6c13e5c92914

Lion Ind future is cloudy..... seeing the making of HengYuan for Lion Ind... Donot trust the people who keep promoting the Lion Ind.... They want to leave now.... Be careful....

Lion Ind future is not that bright..... seeing the making of HengYuan for Lion Ind... Donot trust the people who keep promoting the Lion Ind.... They want to leave now.... Be careful....

Donot just judge Lion Ind from the past earning..... The future earning of Lion Ind will drop due to business environment for steel and iron industry isnot that bright.....

The electricity tariff is going up..... This will impact Steel and Iron industry greatly...... The future for Lion Ind is not that bright.... This explain why Lion Ind stock price is dropping so much lately.... It might go down further like dropping knife... People holding the stock is trying to sell, hence keep promoting it. Be very careful about Lion Ind.... Its future is not bright at all....


Misif: Electricity tariff hike will hamper industry recovery
Posted on 4 July 2018 - 08:59pm
PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) is calling for the government to consider maintaining the rebate and abolish the surcharge for the imbalance cost pass through mechanism, as the additional energy costs will hamper the industry’s recovery, which is just emerging from the doldrums.

It is also hoping the government will maintain the special industrial tariff for the industry over the next three years.

Misif said in a statement today that the net impact of the recent adjustment amounts to an increase of 2.87sen/KWhr or a drastic 8%-16% increase for industrial users.
.....

Refer to the link below for more details.

http://www.thesundaily.my/news/2018/07/04/misif-electricity-tariff-hike-will-hamper-industry-recovery

China steel might come pouring to Malaysia if Europe also implement tariff against China.....



Thyssenkrupp CEO tells Europe's lawmakers to protect the steel industry from China
Published 7:43 AM ET Mon, 2 July 2018

The CEO of a German industrial giant wants European lawmakers to help protect the steel industry.
Thyssenkrupp and India's Tata Steel signed a final agreement on Saturday to establish a steel joint venture.
Shares of both firms have struggled in 2018, given investor concern about steel oversupply.

The boss of German industrial giant Thyssenkrupp said lawmakers in Brussels need to protect Europe from an influx of cheap steel from Asian countries.

On June 1, 2018, the Trump administration imposed a 25 percent tariff on steel imports, and a 10 percent tariff on aluminum, from the European Union, Canada, and Mexico. This Friday, U.S. tariffs are to be imposed on $50 billion of Chinese goods.
.....


https://www.cnbc.com/2018/07/02/thyssenkrupp-hiesinger-tells-eu-to-protect-steel-industry-from-china.html

The future of steel industry is not bright.....be careful...

KUALA LUMPUR (July 4): The Malaysian Iron and Steel Industry Federation (Misif) claims the industry would face an additional cost of RM100 million a year following the latest adjustment to the imbalance cost pass through (ICPT) announced by the Energy Commission last week.

The adjustment for the July to December period sees the removal of a 1.52 sen/kWh tariff rebate for all users in Peninsular Malaysia and a 1.20 sen/kWh tariff rebate for users in Sabah and Labuan.
....

http://www.theedgemarkets.com/article/steel-industry-faces-rm100m-additional-cost-following-icpt-adjustment-says-misif

The electricity tariff is going up..... This will impact Steel and Iron industry greatly...... The future for Lion Ind is not that bright.... This explain why Lion Ind stock price is dropping so much lately....

Misif: Electricity tariff hike will hamper industry recovery
Posted on 4 July 2018 - 08:59pm
PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) is calling for the government to consider maintaining the rebate and abolish the surcharge for the imbalance cost pass through mechanism, as the additional energy costs will hamper the industry’s recovery, which is just emerging from the doldrums.

It is also hoping the government will maintain the special industrial tariff for the industry over the next three years.

Misif said in a statement today that the net impact of the recent adjustment amounts to an increase of 2.87sen/KWhr or a drastic 8%-16% increase for industrial users.
.....

Refer to the link below for more details.
http://www.thesundaily.my/news/2018/07/04/misif-electricity-tariff-hike-will-hamper-industry-recovery

China steel might come pouring to Malaysia if Europe also implement tariff against China.....



Thyssenkrupp CEO tells Europe's lawmakers to protect the steel industry from China
Published 7:43 AM ET Mon, 2 July 2018

The CEO of a German industrial giant wants European lawmakers to help protect the steel industry.
Thyssenkrupp and India's Tata Steel signed a final agreement on Saturday to establish a steel joint venture.
Shares of both firms have struggled in 2018, given investor concern about steel oversupply.

The boss of German industrial giant Thyssenkrupp said lawmakers in Brussels need to protect Europe from an influx of cheap steel from Asian countries.

On June 1, 2018, the Trump administration imposed a 25 percent tariff on steel imports, and a 10 percent tariff on aluminum, from the European Union, Canada, and Mexico. This Friday, U.S. tariffs are to be imposed on $50 billion of Chinese goods.
.....


https://www.cnbc.com/2018/07/02/thyssenkrupp-hiesinger-tells-eu-to-protect-steel-industry-from-china.html

The future of steel industry is not bright.....be careful...

KUALA LUMPUR (July 4): The Malaysian Iron and Steel Industry Federation (Misif) claims the industry would face an additional cost of RM100 million a year following the latest adjustment to the imbalance cost pass through (ICPT) announced by the Energy Commission last week.

The adjustment for the July to December period sees the removal of a 1.52 sen/kWh tariff rebate for all users in Peninsular Malaysia and a 1.20 sen/kWh tariff rebate for users in Sabah and Labuan.
....


http://www.theedgemarkets.com/article/steel-industry-faces-rm100m-additional-cost-following-icpt-adjustment-says-misif

be careful with this stock....try to read a few FY report..... there are inconsistencies found.... something is hidden... will only consider this company if the price is really low due to high risks...

Agreed....felicity can only criticize other people stock picking but cannot invest well.... MRCB is a falling knife.... be careful...

yes. the gross profit margin is too low considering the crack spread for 1st quarter 2018 which is still good. It is also inconsistent if compared to Q1 and Q2 2017.

Sslee posted > 23/05/2018 08:58
Sslee Dear all,
Send this WhatsApp the Mr. Surya yesterday.
By the way I had received many financial analysts who keep a close watch on crack spread daily. The consensus is ‘Crack Spread” should be more than USD 8+ per barrels. Please prepare for a hotly debate on this crack spread.
I hope the board can be truthful to us as the crack spread is public information.
Note: Because of worrying Q1 result, today Hengyuan share drop more than RM 1.00

I hope to see many i3 Sifu at the AGM tomorrow.
Thank you

In cash statement...The total inventory may include several balances, such as finished goods, raw materials or work in process. Hence, its main purpose is to act as current asset that can be converted to cash. It could be crude oil, or refined oil storage.... The option 1 and 2 are not correct.


Posted by Sslee > May 22, 2018 09:02 PM | Report Abuse

Dear all,
From Q1 financial report:
Revenue: RM 3,060,784 ,000
Purchases: RM 2,887,054,000
Gross profit: RM 172,727,000
Gross profit should be revenue- Cost of goods sold
Cost of goods sold = Opening inventory+ purchase –closing inventory.
Opening inventory =RM 1,109,945,000
Closing inventory= RM 1,715,710,000

Option1: Assume the so call purchases are the crude oil purchase then the true gross profit is
RM 3,060784,000 - (1,109,945,000 +2,887,054,000 – 1,715, 710,000) = 779,495,000.

Option 2: Assume the purchases of RM2, 887,054,000 is cost of goods sold
Then the actual Crude oil purchase
RM 2,887,054,000= 1,109,945,000+ purchase- 1,715,710,000.
Purchase= 2,887,054,000-1,109,945,000+1,715,710,000= 3,492,819,000.
It can only mean they are buying a lot of crude oil or buying at very expensive price?
Anyone can check what is the price of crude oil for Jan to March? If they are buying a lot of crude oil that mean next quarter will be super good profit?
Any comment from Accountant?

Thank you

Yes.....Dumb dumb hold...... HY is super counter..... be positive....