Posted by speakup > 2017-05-11 12:01 | Report Abuse

amsteel shareholders got f*cked by william cheng

Posted by speakup > 2017-05-11 12:02 | Report Abuse

william cheng delisted amsteel and put under lionind and conned amsteel shareholders

Posted by gwansoo > 2017-05-11 12:07 | Report Abuse

why do they need to sell their factory if their balance sheet is so healthy??? Did you miss out account payable?

Posted by kelvin61 > 2017-05-11 12:19 | Report Abuse

Good write up by icon8888. You should be drawing the big fat pay these stupid analysts earned in the brokerages. None has written anything on this stock till todate. Finally, someone is recommending an undervalued stock for followers in this blog to make some decent profit. Thanks Icon8888 for a job well done, cheers.

Posted by kelvin61 > 2017-05-11 12:44 | Report Abuse

Icon888, don't forget bro, they still have slightly more than 5% treasury shares to reward shareholders as dividend in-specie.

Posted by Ahbeng11 > 2017-05-11 12:46 | Report Abuse

How's about Parkson which owned by Lionind ?

Posted by stockmanmy > 2017-05-11 13:07 | Report Abuse

yes genius......but with 1000 shares to choose from must go and choose William Cheng counter?

Posted by stockmanmy > 2017-05-11 13:10 | Report Abuse

people still don't understand...investments is not about spreadsheets and formulas.......

good investments are about good business and good people, first.

Posted by stockmanmy > 2017-05-11 13:12 | Report Abuse

go ahead.....



myongcc5 > May 11, 2017 01:11 PM | Report Abuse

manmy, tis is great chance to make money. Nowadays, I advocate: Never love or hate any stock, our focus is to make money, I do not know about u

Posted by stockmanmy > 2017-05-11 13:16 | Report Abuse

myony......reminds me...even rational people can be found donating money to JJPTR.

Posted by MrPauper > 2017-05-11 13:21 | Report Abuse

Different story, same ending perhaps? Haha

Posted by zexon > 2017-05-11 13:28 | Report Abuse

Icon8888, to be fair, inventories level should be included too and we know these inventories will be sold and convert to cash. Ex, Annjoo has 800+ mil of inventories if compared to Lion 300+ mil.

Posted by stockmanmy > 2017-05-11 13:34 | Report Abuse

talking about morons is donating money to William Cheng after all that has happened.

I will give a better alternative....Alcom...they are giving back 50 sen in cash per share......that is what I call good management, They are even borrowing money to give to shareholders.

they must be very positive about this year profits and cashflows to even propose such a move.

Posted by stockmanmy > 2017-05-11 13:39 | Report Abuse

I don't know whether you will make or lose money on Lion Industry, but I sure will make money on Alcom



myongcc5 > May 11, 2017 01:37 PM | Report Abuse

Manmy, now I understand u, .....u r empty vessel

Posted by probability > 2017-05-11 13:40 | Report Abuse

Thanks Icon...hope this will lift up the all other steel players too
Have not gone through in detail to comment much.

Currently i am sensing some visibility in Mycron Steel.

Posted by zexon > 2017-05-11 13:42 | Report Abuse

Because steel products have no expiry date and its recyclable characteristic make inventories info a relatively useful/safe indicator when assessing a steel company.

Posted by stockmanmy > 2017-05-11 13:49 | Report Abuse

If people don't factor in the human element in investment decisions, the people, the management......

you should be just trading the momentum and charts and forget about writing any stuffs about the company.

Posted by stockmanmy > 2017-05-11 13:49 | Report Abuse

not Ancom, you idiot...it is Alcom.

Posted by stockmanmy > 2017-05-11 13:54 | Report Abuse

Mycron I have, CSC I have , also Ann Joo.

YKGI can consider as a candidate for turnaround.

even Hiap Tek is a candidate for turnaround. With the sharp drop in iron ore prices, the steel companies should be able to repeat their 1H 2016 performance.

Posted by cheoky > 2017-05-11 13:55 | Report Abuse

sorchai manny, jaks management is non human factor? or x factor (mystified it when you cant explain it). You dont day day show how pandai you are la, sien lo. Learn from icon mastery and earning money la. Dont know shut up? it is an art you belum master i opined.

Posted by stockmanmy > 2017-05-11 13:56 | Report Abuse

what is wrong with Jaks management?
I have met them , the second generation management that is taking Jaks to great heights.





d by cheoky > May 11, 2017 01:55 PM | Report Abuse

sorchai manny, jaks management is non human facto

Posted by stockmanmy > 2017-05-11 13:58 | Report Abuse

cheoky

you are mesmerised by people...

I only talk facts and follow the money.

Posted by stockmanmy > 2017-05-11 14:00 | Report Abuse

is there anyone here who does not know William Cheng?

Posted by OrlandoOil > 2017-05-11 14:00 | Report Abuse

B fair to WC Who can withstand d onslaught of Alibaba n steel dumping by China cos But d worst is behind now Loss in Parkson China can b cover by capital gain Now taiko 3 yrs protection

Posted by stockmanmy > 2017-05-11 14:02 | Report Abuse

lets say Lion Industry makes some money.....is it his or yours?



OrlandoOil > May 11, 2017 02:00 PM | Report Abuse

B fair to WC Who can withstand d onslaught of Alibaba n steel dumping by China cos But d worst is behind now Loss in Parkson China can b cover by capital gain Now taiko 3 yrs protection

Posted by OrlandoOil > 2017-05-11 14:03 | Report Abuse

WC very deep into steel The Malaysia steel king

Tat is Y last time WC die n tis time WC fly

Posted by OrlandoOil > 2017-05-11 14:05 | Report Abuse

WC rising phoenix

Posted by Mini Bull > 2017-05-11 14:21 | Report Abuse

steal... sound good !

Posted by jackfruit > 2017-05-11 16:02 | Report Abuse

Lion is roaring back. The future of steel Ind is very bright in Malaysia with so many infrastructure projects going to launch. If you don't buy steel stocks now is your loss. Lion will roar back to it glory day.

Posted by Mini Bull > 2017-05-11 16:07 | Report Abuse

sound bye or buy ?

Posted by VenFx > 2017-05-11 16:14 | Report Abuse

Add some confidence now,
seeing icon8888 sifu start bullish on STEEL.

STEEL will be my 2nd half 2017 major play .

Posted by leoting > 2017-05-11 16:56 | Report Abuse

Just the early stage of 3 years....imagine the share price of Long Steel Big 4 par with Glove Big 4

Posted by stockmanmy > 2017-05-11 18:01 | Report Abuse

long steel big 4 mainly sells in Malaysia....Glove Big 4 sells in the whole world.


leoting Just the early stage of 3 years....imagine the share price of Long Steel Big 4 par with Glove Big 4

Posted by 77huat77 > 2017-05-11 18:55 | Report Abuse

How about leonfuat ?

Posted by leoting > 2017-05-11 19:07 | Report Abuse

@Stockmanmy none of the industry can keep growing with continuous increasing capacity...China also export steel to whole world, at the end...

Posted by Chelsea > 2017-05-11 19:26 | Report Abuse

Icon8888, I m totally agree with your calculation but u miss one important point.
Lionind have geographical advantage compare with others rebar on the ECRL 55B. This will even boost their earning.
My estimation target price as per below:

EPS 6.5 X 4 X PE 8 = RM2.08

Deeply Undervalue.

CHELSEA

Posted by stockmanmy > 2017-05-11 19:31 | Report Abuse

the world is better than malaysia alone



leoting > May 11, 2017 07:07 PM | Report Abuse

@Stockmanmy none of the industry can keep growing with continuous increasing capacity...China also export steel to whole world, at the end...

Posted by zexon > 2017-05-11 21:31 | Report Abuse

http://www.parkson.com.sg/third-quarter-results-fy2017/

Parkson Retail QR

Posted by John Lu > 2017-05-11 21:37 | Report Abuse

I go in Ssteel, Masteel, annjoo and Lionind!!

Posted by veln82k6 > 2017-05-11 23:10 | Report Abuse

Why hire purchase not included in borrowimg ...

Posted by popo92 > 2017-05-12 13:45 | Report Abuse

looks promising in many aspects except bad history from william cheng counters. at least i still being conservative with his counters after all the cheeky things he had done

Posted by probability > 2017-05-12 20:43 | Report Abuse

actually when its turnaround...higher the debt the better

Posted by godhand > 2017-09-07 10:56 | Report Abuse

stockmanmy people still don't understand...investments is not about spreadsheets and formulas.......

good investments are about good business and good people, first.


fully agree

Posted by pang72 > 2018-08-12 16:45 | Report Abuse

I hope I am not the last one invest in lionind.
After one year of bumpy experience, lionind still holding at rm1 as this article posted.

It shall be stronger. With one year consolidation, lion should wake up now