Steel sector has been undergone a torrid time and stellar shock in steel price attributes to overcapacity and dumping sales from China over the last decade since post global financial crisis. Moving forward to next chapter, steel industry has seen a glittering beacon and rabble-rouse in term of galloping price rise and production cut initiative implemented in China.
Recently, plummeting raw material price such as iron ore will reduce the production cost of steel miller and will be the earning booster in coming quarter report.
Thus, MEGASTEEL one of the Asia biggest upstream steel miller hot-roiled coil producer, a subsidiary company of LIONDIV will be the most beneficiary in steel glorious time and blossom future.
Megasteel will resume operation soon- trade at your own risk, good luck.
As per the name, Lion, meant to bite you if not eaten. I don't see what +ve results they had delivered so far for the minority for the entire group companies. Good luck for all minority where you will see management most probably still enjoying their good remuneration.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3325 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Junx Leow
524 posts
Posted by Junx Leow > 2017-04-18 16:14 | Report Abuse
sian ......