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.
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.
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.
Because steel products have no expiry date and its recyclable characteristic make inventories info a relatively useful/safe indicator when assessing a steel company.
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.
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.
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
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
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.
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:
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
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
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Posted by speakup > 2017-05-11 12:01 | Report Abuse
amsteel shareholders got f*cked by william cheng