Nigel Low: after lunch RM1.30 possible?

Ya lor, ini bukan perwaja ka megasteel.... close factory

Value wise, Tek Seng is trading at 5x PER. The management has clarified there is minimal impact on the recent retrenchment due to some productivity enhancement. In fact they also mentioned they still have 500 employees doing the production lines. There is no mention of production cuts whatsoever... Dont believe management? Dont forget tekseng has already delivered handsome result for 3 consecutive results. And also dont forget ringgit is still weak at the moment. While downside risk is limited due to some uncalm panic selling, this stock's risk- reward ratio looks very compelling..

Now is trading 5x PER if anyone here notice.. Downside risk no more already... once seller finish selling, the stock will fly.....

buying more... PMETAL 3.80 already...

Once broke 83.5, it can go up till 90 sen or even RM1.00 - not impossible as their valuation still attractive as compared to PMETAL.

no more adjustment to share price.. this is it..

Its in the announcement.. on 28 June 2016, RCUIDS, Bonus shares and warrants will be listed.

Latest result shown major improvement in profitability. The latest spike in steel prices should benefit them as steel bar producer. Hence, upcoming result should be way way better than this quarter. Current price still attractive at 0.575 i.e. trading at 0.27x NTA/Share of RM2.10...

make sense... current price of 32 sen implies 0.09x PBV only... the most attractive amongst all steel companies..

Finally... rebounded from 66 sen... :D

buy backs re-initiated.... the management sees value in the company...

Now at the crucial support... 66 sen...

Welcome MASA.. :) Hows about the stock's technical? Anyone?

Price bashed down to 66.5 now. This means the stock is trading at PER of only 4.1x based on annualised EPS. The company is making profit 2 consecutive quarters.. Value wise, this stock is very attractive.. Accumulate...

One of the safest stocks to own. Currently trading at PER of 6.0x annualised EPS.. As compared to its peers of more than 15x.. Valuing at 10x PER, the stock FV is RM1.40.. Expect 1.00 in the near term...

agreed. today melewar in play. they are targeting all steel stocks one by one...

Hard to tell, those who bought at 20-30 sen might still there selling...

Pegging 0.3x PBV (still among the lowest in steel space), the stock should be valued at RM1.38.

The default should not affect Lion Industries. However, the perception does due to cross shareholdings among Lion-related companies. But the question remains... Once this issue resolved, what would happen to Lion Industries assuming steel price can sustain its rally?

Lion industries is the cheapest steel stock i.e trading at 0.1x PBV only against its peers 0.3-0.7x despite being the largest upstream steel player in Malaysia.