Posted by myongcc5 > 2017-05-09 20:08 | Report Abuse

I m not TA supporter but I do think yr target price is reasonable as my calling for 70% upside potential tis afternoon (deleted as per my style)
If u check 2016 bal sheet, u will b surprise tht despite yrs of losing money, cash c.f. Is >200mils, net asset is positive n huge shareholders fund >1b resulting in high NTA of 2.4RM. W Cheng holds 31.4% as one shareholder.

Posted by myongcc5 > 2017-05-09 20:20 | Report Abuse

Last Q earning is 8sen, revenue improved fm 596m to 644m (YOY), QoQ 514m to 644m. A very commendable good achievements, however if coming QR is > 5sen, we can expectprice to go above 1.2

Posted by Chelsea > 2017-05-09 20:29 | Report Abuse

Coming q will be very good. My target is rm2 based on pe 8

Posted by myongcc5 > 2017-05-09 20:33 | Report Abuse

If following few Q earning substain above 5sens, 2 is not impossible! I will say >2 by then

Posted by Ming Jong Tey > 2017-05-09 22:03 | Report Abuse

@myongcc5 With the extended safeguard duty for another 3 years for rebar, steel sector should have some more room to run up. In terms of operating margin, I would prefer ANNJOO over LIONIND.

Posted by Ming Jong Tey > 2017-05-09 22:04 | Report Abuse

@Chelsea Let's look forward to the upcoming quarter earning.

Posted by pussycats > 2017-05-10 08:56 | Report Abuse

Happy Wesak day to all our Buddhist friends!

Posted by Ming Jong Tey > 2017-05-10 08:58 | Report Abuse

@pussycats 卫塞節快乐 :)

Posted by youngym > 2017-05-10 10:02 | Report Abuse

Be careful of Lion group...From Amstell to Silverstone..I kena kau kau..

Posted by chl1989 > 2017-05-10 10:46 | Report Abuse

no brainer buy :)

Posted by jackfruit > 2017-05-10 12:26 | Report Abuse

Lion Ind bhd is one of the pioneer steel Ind in Malaysia. That's say something about it.

Posted by myongcc5 > 2017-05-10 14:26 | Report Abuse

Woa, Ming Jong Tey, U r kungfu master,I tot u r technician but good knowledge of market n industry development. TQVM for sharing

Posted by Ming Jong Tey > 2017-05-10 16:23 | Report Abuse

@youngym Like any other stock investment, do your own due diligence and set your stop loss before you enter to protect your risk :)

Posted by Ming Jong Tey > 2017-05-10 16:24 | Report Abuse

@chl1989 Let's see if it will hit the targets by the end of the year.

Posted by myongcc5 > 2017-05-10 16:37 | Report Abuse

Balance sheet much better than some rebar ctrs! Only 4 listed steel bar producers currently. Check their Current net asset will tell.
Yet Lion King still lagging.
No reason not to hit TP if earning still good q by quarter!

Posted by Ming Jong Tey > 2017-05-10 16:46 | Report Abuse

@myongcc5 You are welcomed. Not KungFu master lah. I practise value investing too so need to know a bit of fundamental.

Posted by myongcc5 > 2017-05-10 17:15 | Report Abuse

U r another Sifu, I can learn fm u!