Great! Considering only 2 months, excluding June lockdown. Assuming business is booming, EPS 9.76/2 x3 = 14.64 sen

One can easily recognize, between the analysis made by OTB and KYY, which is professionally done and which is not.

This article is professionally written. You are a respectable person OTB.

I guess at the end of the day, you are responsible for your investment. You alone are responsible for it. And it is your duty to read and understand the facts and figures. Whether steel is going to hold, going up or crashing down, you have to come to your own judgement. Merely following somebody else's investment will not cut it.

Most, if not all countries economic models are based on Keynes's. Gov will spend more during recession on public works as an intervention to stimulate the economy.

As for building material prices in MY in June 2021:

https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=142&bul_id=eUtKN0FFNFZSV2JiZHF1TWFLTU1nUT09&menu_id=bThzTHQxN1ZqMVF6a2I4RkZoNDFkQT09

There is really nothing to worry about. Steel prices in Malaysia continue to rise steadily. FMCO will be lifted eventually. And steel production will resume eventually.

Below is the month-to-month prices for building material. Steel prices are very encouraging.

https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=142&bul_id=QXU5UTVrY2lIaVhXekZrU3JtWjNuUT09&menu_id=bThzTHQxN1ZqMVF6a2I4RkZoNDFkQT09

Additional info – CSC Steel 1st Quarter 2021 Report

The rollout of Covid-19 vaccines during the beginning of this year has strengthened the market confidence and leading most countries to reach the same goal of reviving domestic production and economic activities despite the imposition of travel restrictions. The positive outlook after Chinese New Year showed a surging trend in steel demand due to limited resources. In Q1, both the US and EU HRC prices continued to surge, reaching a new high at US$1,400/MT, while Asian steel prices are still far behind and there is room for further hike in Q2 due to tight supply.

The global steel demand is driven by the recovery of the automotive, infrastructure, and home appliances sectors, and the steel market is projected to post more robust steel demand in Q2. Furthermore, the US and Chinese governments’ plan to spend US$2.3 trillion and US$1.6 trillion (RMB 10.6 trillion) respectively on infrastructure development in the region, will benefit the global steel industry as the steel demand is expected to soar further for an extended period. On the other hand, China’s strong emphasis on climate is likely to smash the expansion of blast furnace-based production due to environmental issues, which has induced the fear of supply shortage. Also, China’s removal of export tax rebates policy on certain steel products is going to impact steel supply and will greatly support steel prices in the market.

Leon Fuat 1st Quarter 2021 Report

Steel prices have been advancing since the second half of 2020 with no indication of abatement in the near future. Nonetheless, mindful of the risks arising from global and local factors mentioned above as well as the risk of reversal in the steel prices, our Group will constantly keep vigilant on the movement of steel prices and related foreign currencies and will take proactive measures including negotiating forward contracts, where necessary, as well as prudent inventory management, to reduce any negative impact which may arise therefrom.

In view of the above, our Board is cautiously optimistic that our Group will be able to achieve profitable results for the remaining quarters of 2021.

Leon Fuat Annual Report 2020

While there are risks, there has also been some momentum in economic recovery that started in the second-half of 2020 and the Group expects the momentum to at least continue into the first-half of 2021 given the number of enquiries it has received. The second quarter of FY2021 will give a clearer picture of how the Group’s business will fare for the year.

Moving forward, despite the prevailing significant risks and the various uncertainties mentioned above, our Group, encouraged by the reasonably good results recorded in FY2020 as well as the improved future outlook, is optimistic that our Group will be able to achieve positive results for FY2021.

Leon Fuat 4th Quarter 2020 Report

Despite the prevailing significant risks and the various uncertainties mentioned above, our Board, encouraged by the reasonably good results recorded in the last quarter of 2020 as well as the improved future outlook, is optimistic that our Group will be able to achieve positive results for 2021.

Leon Fuat to ride on expansion plans of manufacturers

“In hindsight, the timing is just right for us because our steel pipe manufacturing plant is now up and running at a time when the glove manufacturers are expanding, not only this year but also next year. The orders are coming in strongly and we still have sufficient capacity to deliver,” says Ooi, 41, who was appointed to the board of Leon Fuat in June 2012.
“It is still early to estimate how our group’s bottom line will be when our steel pipe manufacturing business starts kicking in and becomes mature. But conservatively, based on our production output of 3,000 to 4,000 tonnes per month, I think this division alone could generate an annual revenue of at least RM100 million,” says Ooi.

Source: https://www.theedgemarkets.com/article/leon-fuat-ride-expansion-plans-manufacturers