For who is major shareholders behind the push, I think temporary keep secret first since cannot keep talking nonsense, later will get bored.

Cheers, remember, last economic seats only up to 0.23, after that just use eye to watch the price trend upwards since at that time you need to buy 黄牛票。

Charles, I just based on "imagination", so forgive me my imagination.

Anyway, raw materials cost think is being reduced from 6x% to 5x% due to recent price surge, and Linyi Yehua, they do cost management by washing the coal itself since they did not import washed coal after banned import from North Korea, if self washing coal, the cost is reduced further.

Inventory holding period I assume is holding 30+- days. You can use cost ratio to derive revenue.

But anyway I always talk nonsense, don't treat it serious, just trust 1% can do. Later someone will come out and say I did naïve calculation.

Sojar, today highest 0.85, how you get 0.86 ?

Revenue is about 2xx,xxx,xxx up to-date.

3) Expected next qtr result.

Inventory cost is about 60% for Huaan (if you use investing.com check coking coal and metallurgical coke price, the ratio is 54%).

So the balance sheet inventory is about 1 month holding period. Up to August the revenue is about 2xx,xxx and this not yet includes September one. Sep one I did not forecast.

Just nonsense sharing.

Last call buy before surge to 0.90 ... Gold theme you cannot miss ....

Last call, buy before cross over 0.60

soon will cross over 1.20 soon, buy before surge

forgot to say a big shark will goreng until RM1.00 but I discount to 50 cents, believe it or not. Now still can catch last few row of economic seats .... later will cross over 0.23 soon

sold mum at 0.905 for contra gain, BB will keep first until mum surpass 1.00 or more

suddenly up sold some at 0.205 for contra gain, the rest for pick up

2) Metallurgical coke price and demand

Recently metallurgical coke price and demand is increasing. China did strictly in pollution control when cutting steel production capacity. Nevertheless, steel production capacity in recent times is being picked up in anticipation of major steels construction works ahead. Pollution control is to close down those small steel companies, whereby big steel company is doing the steel making and this mean this will consolidate all the steel making works in major steel companies. Huaan supplies those coke to mainly Shandong steel companies, including sister companies, if not wrong.

Price has been increased from 1,8xx - 1,9xx to now 2,2xx. This is about 10%-15% increased in price compared to latest qtr results.

Just nonsense sharing. Hope not get you bored.

Next will be who is the behind big shareholder.

1) Metallurgical coke

This is one of the materials used in blast furnace for steel making in addition to iron ore. In China, there are still using lot of coke in blast furnace for making steel materials. Coke is made from Coal you cannot confuse in metallurgical coal 治金煤 and metallurgical coke 治金焦炭. Coal need to be washed and crushing once retrieved from soil and then to be processed in heating oven in absence of oxygen to carbonize the coal into coke in order for having caking capacity when making steel. Caking capacity will different in grade 一级，二级焦炭. Australia normally having high grade of caking capacity.

Previously some of the washed coal was imported from North Korea in addition to Shanxi, Hebei, Shandong etc coal reserves. Since Feb 2017 if not wrong North Korea was banned from export Coal to China, and this will be extended to next year. Main import province is Shandong where Linyi Yehua is located.

Next will explain what price and demand is increasing.

Just nonsense sharing.

How come good result no buyers ........ hope later will up .....

sold at 1.13, locked in contra gain.

joined in Huaan boat .... TP: 0.50 ..... below 0.205 still a good buy, soon will be above 0.20 .... Last Wednesday only contra now must hold for bigger TP .....

Metallurgical price increasing and this coming qtr report will be a good result and they do supply stock to their sister company in Shandong .....

Later will write some details on this ....

Forgot to say any better than expected result will be a good bonus. You may check Poh Kong balance sheet inventory level, a 10% increase in gold price will translate a very significant impact on Company bottomline.

Buy before the surge.

Next qtr result will be a very good result if inventory holding gain is significant provided gold price keep increasing.

If gold price keep increasing, the inventory gains might have positive impact on Company financial results, normally the inventory levels will be holding for few months if not wrong, this qtr result may be more or less as previous qtr result, but next qtr will be have better results including inventory holding gains.

Amsteel and Antara Steel Mill using EAF that is using scrap steel materials. Nonetheless the Lion group also operates HBI plants at Antara Steel Mill at Johor and also at Banting area.

Hot Briquetted Iron (HBI) plant using the Midrex Direct Reduction technology that converts iron ore into high-purity Direct Reduced Iron (DRI) or HBI for iron making, steel making and foundry applications. The increased supply of DRI will help to reduce the dependence on scrap as raw material for steel making by the Group’s various steel mills and enable the production of high quality steel.

Using scrap materials that may face some of problems including short of supply of scrap materials and scrap materials cost keep increasing in the market. The reason that LIon group is also using HBI plant to convert "iron ore" into HBI for making of steel.

So raw materials includes iron ore and scrap materials.

Just a remark:
EAF - using scrap materials ..... (the shortage of electrode affecting the cost capital)
Blast Furnace - Using iron ore, coke, flux, limestone
HBI plant - using iron ore to produce HBI as alternative way for making steel

If not wrong Anjoo has blast furnace and hybrid EAF, others using EAF and Lion Ind has HBI plants.

For EAF, the materials is using scrap steels. If not wrong, next quarter, Masteel may generate better qtr results in term of inventory level and scrap materials on hand. For Lion Ind, if have time, may drop some comment later.

Anyway, just nonsense sharing.

just realised also got dividend 2 cents ex-date 20/9/2017, so good, buy buy buy ....

Monday gap up ..... better result than expected .... Tp: 1.80 by end of this year .....

support lionind ...... brought at 1.06 .....

Thanks for sharing ....

cant advise on this since I not holding SYF anymore. PE ratio depend on individual judgment and company prospects. Nonsense I can share if you want to follow haha.

If company is not a gem, PE ratio is not meaningful to me; If company is a gem to me, PE ratio is just a "guide" for me to buy and set TP, but if company later not gem, then turn back to point 1. If you still want to hold a not gem counter, I cant advise you. Haha, just nonsense sharing.

Don't ask me PE ratio again lah, later you admire again when go Holland again.

Just to amend something, Masteel finance cost is about 1-2% of revenue, in manageable position. For SYF, core business will be mainly on property development since Great Platform to be sold to Mieco. Apologize on this as did not study in detail, everytime agak agak only.

Please note that Parkson is associate company whereby Lion Forest is "subsidiary" about 74%, not asoociated co. Otherwise you will mess up in profit sharing.

Associate is sharing of results whereby subsidiary company is consolidated then less NCI.

Anyway, if market sentiment is poor and long holiday season plus poor result, think will further drag down the price.

TP 1.00 to 1.10 by next month ...... hold tight ...

Think TP will be 0.80 once this month result released, hopefully will be like Tomei doing good result, major shareholders is accumulating the shares.

Please note that gold price may touch 1,350 by end of next month. Buy before price surge to above 60 cents in soon and sooner time.

I temporary out of this counter. If you are long term, you can still hold or you may average when down. I will come back with other counter gain if possible and then come back here to fight back my losses.

If 8.00 line is broken, next support will be around 7.50+-, think this will be the strong support. Otherwise, next support will be 7.00+-. Don't think will break below 7.00.

All the best guys. As I hold volatile CW, so need to out first to protect capital as next month is expiry date.

long time not here already, I have no share on this. The reason is SYF disposed the MDF board business to Mieco. To SYF, this will have lesser segment income in their future prospect, previously thought is business combined synergy. Now the main source income is only property development, so the potential growth will be limited.

Suggest move to other potential counter. For me, following sectors you may consider:
- Steel counter, for example, Masteel (no finance cost involved and recent qtr inventory stacked up)
- Broiler counter, for example, PWF (due to broiler price increase and PE ratio is lower)
- Gold related counter, today just in Pohkong

Change to other counters to recover you loss since SYF currently no catalyst prospect.

Just nonsense sharing.

today another clue made me need to re-calculate EPS, interesting.

sialang ....

brought 8.9x cut loss 8.5x, cc brought 0.19 cut loss at 0.185, should sell 0.265 that time to lock in 40% gain ....... today reminded me to lock in gain for short term warrant, no matter how it is, better keep money in pocket, another is to cut losses to protect capital, anytime can buy back when dust is clear ....

Sad, long time journey to cover my losses .....

Terrible today ......... from big gains become big losses, my goodness .....

Parkson portion I think have to skip it see results will be faster don't want further elaborate on this with checking latest shareholding and latest percentage of holding.

Please take note that last qtr lionind did stack up inventories if not wrong increased by 20% (this is not whether small or not as inventory range depend on each company holding level), unexpectedly ASP dropped a lot, due to FIFO method and inventory holding period, the should have significant impact on Lionind this qtr result, only is the magnitude whether small or big. To play safe, just use 50% of last qtr margin to calculate.

But at this moment and poor market sentiment, price to move higher is likely impossible, only is move downward whether is limited, or further downward continues.

Just 2 cent sharing. If you are long term holding, please ignore what I said.

If the company B earned 100 m, Company A shared how much profit if shareholding is 23% ? Assume Company A hold 23%, director hold 47%, minority hold 30%.

A. 100m x 23% or
B. 70m x 23%

Losses you want loss lesser then profit you mean u want earn lessee. Then next time distribution of income you also want earn lesser.

Dont want to argue on this. Maybe i am wrong i used A. B should be right answer.

23% is based on total losses, not on losses attributable to owner if not wrong. You used losses to owner dont think this is right.

Second thing in the report this is share of results from associated companies and joint venture companies, not from only an associated companies, i did not go into details but expect there got not only one associated company but also got other associated companies and JVs. This is net of other results. Maybe only last qtr with big figures will differentiate.

Just my view.

Deemed direct and indirect interest part a bit complicated. I skip this part. Got to go.

Lion ind hold 23% Parkson holding (parent company is lion ind, not parkson holding)
Parkson Holding hold 100% East Crest if not wrong
East Crest Int hold more than 70% in PRA if not wrong.

If Lion ind hold 23%, then sharing of assoc co losses is 23% of total losses for the qtr.

Attributable to parent company may due to deemed interest from directors holding shares or other and considered as whole holding as parent co. But to lion ind still consider 23% for equity accounting.

Just my understanding. Please correct me if wrong.

If this is the cases, then will be losses unless steel do provide good results to cover Parkson losses.

if 23% out from parent portion, then will be more positive results. But my understanding is associate company is above 20 less than 51% of total shareholdings register with bursa malaysia.

if not wrong 23% associate company is from total shareholdings including NCI portion. Please correct me if wrong.

Anyway I still use -3 million losses to -13 million losses for lionind.

Lanjiolang your more than 20 million losses is totally out. Next time dont simply said losses a lot a lot. Very confusing us.

Wait the result come out. I also not sure my computation correct or not.

PRA already stated certain part due to impairment losses. Anyway if using my computation, losses is about 8 million +-, if using 96 million losses straight away, then losses will be very huge.

lanjiolang, look carefully.

Parkson loss for the period is 151 million (my calculation is 165 million, slight difference).

Out of 151 million losses, 96 billion losses to owner, 55 million losses to NCI.

If 23% equity accounting is 151 m x 23% = 34 m losses (my calculation is 38 m losses). But the question is why 96 billion losses to owner, this part I not understand. 23% proportion did i use wrongly, or I should use 96 millions losses instead of 34 million losses.

Hopefully my calculation not deviate that much.

Next resistance 1.00 hehe .....

There are some other aspect not yet shared, you might found out yourself, there is good and bad for Lion in term of certain aspects. Need to cool off first before re-enter, for me.

But from Ssteel, Lionind and Masteel report, currently prefer more on Masteel, due to dividend payout, finance cost, share of associated company results, etc. The other 2 need to reduce finance cost and share of losses results in long term run.

Cheer.

Just an estimation, maybe wrong, since only fast fast read thru report few items, not in details, think maybe wrong this estimation. You determine yourself. Ignore my nonsense sharing.

Just an estimation only.

PRA results this qtr SGD43,034 m x 3.15 = 135 m losses
Parson holding berhad 135 m + 30 m (finance cost) = 165 m losses (just estimate not sure there is any other outlets income, but assume PRA occupied the most).
Lion sharing of associated results = 165 m x 23% = 38 m losses.
Lion profit from other business (including steel, building materials) = 30 m profit

This qtr result for the lion will be about 8m losses. But just a gauge. Using deviation +- 5 million then will fall between 3m losses to 13 million losses. I did not go into detail for Parkson and Lion, this is first time using 20 mins study just now the companies.

Lanjiolang, where got 20 million losses, you scarce me a lot. But thanks for advice, I cut first (lost commission - but water fee also cost a lot damn should sell 1.13 then have little gain) and may re-enter after result out.

Go to makan makan first ..... ignore first maybe better. Nice chat with all. Thks.