Posted by investor99 > 2014-06-02 16:56 | Report Abuse

PN17 around 7 months ard, still not yet come out any restructuring plan?

Posted by ryan7642 > 2014-06-02 18:30 | Report Abuse

i do believe once the General Meeting done n pass the vote surely will announce it cos it is a critical decision need to be make urgent on this coming meeting n must pass it..

Posted by investor99 > 2014-06-03 00:01 | Report Abuse

tan sri Hold lioncor around 78%, the restructuring plan depending on him. if he decide to move factory to indo, then bye bye lioncor..

Posted by investor99 > 2014-06-04 00:34 | Report Abuse

even Indonesia government also protec their local stell industry, how bout Malaysia government?

馬熔錫退出印尼採礦業務‧虧損3204萬
2014-06-03 11:06



（吉隆坡2日訊）面對印尼政府加強保護當地礦業，馬熔錫機構（MSC,5916,主板工業產品組）無奈“賠錢”退出，以逾300萬令吉脫售印尼採礦業務，蒙受3千204萬令吉虧損，或每股盈利減少32仙。

馬熔錫機構在文告中表示，Barkeley Kinsington集團將以40萬美元收購Koba錫的母公司Bemban機構，稍後將再支付60萬美元，總共為100萬美元（約326萬2千令吉）。

同時，Bangka Timah Utama和艾迪達揚多也同意以1美元收購該公司旗下的PT MSC印尼公司。

馬熔錫機構表示，這次脫售是根據董事部在2013年年報中所注明的脫售所有印尼採礦業務的決定。（星洲日報／財經）

Posted by sangharimau > 2014-06-04 18:04 | Report Abuse

以后少扮英雄，以免象这次一样铩䦀而归

Posted by investor99 > 2014-06-04 19:42 | Report Abuse

shangharimau, u brought alots?

Posted by sangharimau > 2014-06-05 08:16 | Report Abuse

Accumulated around 3m shares

Posted by investor99 > 2014-06-05 08:40 | Report Abuse

shangharimau, so Confident accumulate alots? average price at 8 cts?

Posted by sangharimau > 2014-06-07 00:10 | Report Abuse

My strategy is simple. Play roulette with William Cheng. The 3m shares is only about $240k. If it hits, the jackpot is 2x 3x4x. If not, I lose $240k and William Cheng not only lose big time but he will also lose big face which I think he will not let that happens

Posted by investor99 > 2014-06-07 08:19 | Report Abuse

but now drop until 6.5 cts.. as my experience, most of the PN17 company even perwaja also being fried by investor, but this company almost 8 months in pn17 but still no any movement yet..

Posted by sangharimau > 2014-06-08 22:12 | Report Abuse

William Cheng kena more teruk than this in 1997 but can also survived. What is a Pn17 to him?
This is why I chose to bet $240k on him

Posted by investor99 > 2014-06-09 01:33 | Report Abuse

sangharimau, 8 cts drop til 6.5 cts, paper loss rm50k++ ?

Posted by speakup > 2014-06-09 07:35 | Report Abuse

if sangharimau capital is $10mil, investing $240k in lioncorp is peanut

Posted by speakup > 2014-06-09 07:35 | Report Abuse

my guess sangharimau has inside info!

Posted by investor99 > 2014-06-09 12:22 | Report Abuse

speakup, so faster grab together with sangharimau

Posted by blackdove > 2014-06-10 11:08 | Report Abuse

The lands it hold under value.....

Posted by blackdove > 2014-06-10 11:59 | Report Abuse

In 2012 Annual Report, it state :
Proposed reduction of the par value of the existing
ordinary shares of RM1.00 each in the Company (“LCB
Shares”) to RM0.20 each by the cancellation of RM0.80
each and thereafter, the consolidation of every five (5)
LCB Shares of RM0.20 each into one LCB Share of
RM1.00 (“Proposed LCB Capital Reconstruction”



Before this exercise, if the last day closing share price in market is RM1, after this exercise, what will the price adjusted to ?

Posted by investor99 > 2014-06-10 15:32 | Report Abuse

blackdove, that is old story ard

Posted by blackdove > 2014-06-10 22:30 | Report Abuse

Hi, what exactly is the reason lioncor slip into pn17? I read the annual report 2013, but did not get a clue.....share equity is 50% less than of the paid up capital....what is the share equity amt ? 175380k?

Posted by jeffreykpy > 2014-06-11 12:44 | Report Abuse

fall to 6.5cts again.....now I'm thinking to buy more

Posted by angelinaloke > 2014-06-11 12:59 | Report Abuse

be careful... you will loss with no pant if they announced capital reduction... 10 to 1..

Posted by jeffreykpy > 2014-06-11 13:38 | Report Abuse

i'm looking for multiples return....... Worse come to worst, I'm still holding hundred thousand of shares in a sdn bhd with very small amount money if they delisted in next few months. Anything can happen in stock market.....just play safe with the money we "afford" to lose...

Posted by investor99 > 2014-06-11 17:35 | Report Abuse

angelinaloke: capital reduction 10 to 1 is still considr ok if buy-in price at 6.5 cts, equal to 65 cts & right issue price will be RM1, right? somemore lioncor got alots of lands which under value

Posted by blackdove > 2014-06-11 22:35 | Report Abuse

Lion cor already RM1 -> RM0.2 then 5 RM0.2 -> 1RM1 already.....
In 2012 Annual Report, it state :
Proposed reduction of the par value of the existing
ordinary shares of RM1.00 each in the Company (“LCB
Shares”) to RM0.20 each by the cancellation of RM0.80
each and thereafter, the consolidation of every five (5)
LCB Shares of RM0.20 each into one LCB Share of
RM1.00 (“Proposed LCB Capital Reconstruction”

Posted by blackdove > 2014-06-11 22:37 | Report Abuse

though it got lands valued at 1995, but most of it got factory built on it.....and got rent to related companies also.... unless he really want to cabut....

Posted by angelinaloke > 2014-06-12 12:24 | Report Abuse

investor99, i do hope it would not die as i am holding the other 2 lions.... facing huge loss. hopefully it will not become a cat instead..

Posted by investor99 > 2014-06-12 13:47 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/06/09/Steel-millers-seek-govt-help-They-want-trade-remedy-measures-over-unfair-trade-practices-by-China-fi/

Published: Monday June 9, 2014 MYT 12:00:00 AM
Updated: Monday June 9, 2014 MYT 9:45:13 AM

Steel millers seek Govt help to deal with trade practices by China firms
by jack wong

Misif claims that many of the steel wire rods imported by Malaysia from China have negligible alloy contents but are declared alloy steel.

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KUCHING: Local steel millers will seek help from the Government to file trade remedy measures over alleged “unfair trade practices” of some Chinese steel manufacturers.

These manufacturers had allegedly exploited the loopholes in the China tax structure to take advantage of an export rebate of 9% to 13% by declaring their exports to Malaysia as alloy instead of steel.

According to Malaysia Iron and Steel Federation (Misif) president Datuk Soh Thian Lai, many of the steel wire rods imported by Malaysia from China had only 0.0008% alloy contents and were declared as alloy steel.

“High quality alloy steel from China which was exported to Malaysia fetched about RM6,000 per tonne in 2009 but the price came down drastically to RM2,000 per tonne last year. So, with such a low price, it could not be the same or ‘real’ alloy steel,” he told StarBiz recently.

Last year, Soh said Malaysia imported 924,000 tonnes of steel wire rods, out of which 80% was from China. Malaysia also imported 302,000 tonnes of steel bar mostly from China, and 630,000 tonnes of section steel bar in 2013.

He said China exported to Malaysia close to 1.83 million tonnes of steel products – mostly long products – last year.

Soh said Misif was providing support to local steel millers who were also getting assistance from Malaysia Steel Institute (MSI) to get the Government’s help to file trade remedy measures over the unfair trade practices.

Misif has some 140 members mostly in the midstream and downstream sectors, with several upstream steel players.

Ann Joo Resources Bhd group managing director Datuk Lim Hong Thye had said that domestic steel millers were joining his company to petition International Trade and Industry Ministry (Miti) before the end of this month for more stringent guidelines to check dumping activities by the China steel millers,

According to Lim, although Miti had imposed a 25% import duty on steel from China, Taiwan, South Korea and Indonesia, some Chinese steel millers were circumventing the system.

Lim said what they would be asking from the authorities was trade remedy rather than trade protection.

Soh said Misif was already working with upstream steel millers to prepare a paper to the Malaysian government to look into the boron-added steel issue.

“We encourage the imports of genuine alloy steel for the automotive industry as we are not capable of producing them,” said Soh, who is also flat steel products’ manufacturer YKGI Holdings Bhd group managing director

He said the alloy steel products imported by Malaysia were mainly for the construction industry.

Posted by investor99 > 2014-06-12 14:03 | Report Abuse

KLSCCCI President, Tan Sri William Cheng pressure government on last month. Misif chairman Datuk Soh Thian Lai ( YKGI Managing Director ) also pressure government recently.

Posted by Fortuneball > 2014-06-12 16:00 | Report Abuse

Pressure government, haha what a country, Lol

Posted by investor99 > 2014-06-16 09:05 | Report Abuse

start goreng...??

Posted by jeffreykpy > 2014-06-16 12:17 | Report Abuse

15% for today....not bad. Btw, will u guys still hold it till it delisted?

Posted by investor99 > 2014-06-16 12:47 | Report Abuse

will up like perwaja previously?

Posted by jeffreykpy > 2014-06-16 14:08 | Report Abuse

@investor99 u bought a lot?

Posted by ryan7642 > 2014-06-16 14:14 | Report Abuse

lion corp/perwaja/kinsteel etc all abang adik so price shd be up till same lvl above 0.1 n above at least..

Posted by jeffreykpy > 2014-06-17 17:05 | Report Abuse

game just started.....

Posted by investor99 > 2014-06-17 19:31 | Report Abuse

JEFFREYKPY, hold less than shangharimau.. what game started?

Posted by investor99 > 2014-06-17 20:17 | Report Abuse

i have notice that steel share price like lioncor,lionind, kinstel, perwaja, huaan, melewar, mycron, cscstel all in up-trend, is that any good news will announce by our government to local steel industry player recently?

Posted by ryan7642 > 2014-06-18 12:16 | Report Abuse

yea just started..cos the gov just announce that will try do smth by checking those import steel from outsider..so shall see how it go^^

Posted by investor99 > 2014-06-18 23:27 | Report Abuse

lionind start moving, lioncor still sleeping?

Posted by jeffreykpy > 2014-06-19 11:13 | Report Abuse

at least up half cent better than previous...... let's wish this lion skyrocket like mas.

Posted by jeffreykpy > 2014-06-19 13:29 | Report Abuse

gonna dispose 0.075 and wait to buy back at 0.065.....

Posted by jeffreykpy > 2014-06-19 14:32 | Report Abuse

investor99, what price u bought?

Posted by investor99 > 2014-06-20 01:12 | Report Abuse

jeffreykpy: 0.070

Posted by investor99 > 2014-06-20 01:29 | Report Abuse

中韩印尼钢铁產品　大马展开反倾销调查

财经 2014年6月18日
（吉隆坡18日讯）政府將对中国、印尼及韩国进口的热轧钢铁、花纹钢铁及酸洗涂油钢铁產品展开反倾销调查。

国际贸易及工业部今日发文告表示，会在展开调查后120天內做初步裁决。若確定真有其事，政府將会对这些產品徵收反倾销税，以避免对行业造成进一步伤害。

贸工部已准备好一系列问卷，以进行调查工作，相关人士需在7月2日前索取问卷。

政府於今年5月20日接获来自本地商家的请愿书，要求对上述进口產品徵收反倾销税。

商家指出，来自这些国家的进口產品，以比本地市场低许多的价格进行销售。他们也表示，这已经对本地钢铁领域带来严重的伤害。【东方网财经】

Posted by investor99 > 2014-06-20 01:41 | Report Abuse

THE STAR BUSINESS NEWS

Published: Wednesday June 18, 2014 MYT 12:00:00 AM
Updated: Wednesday June 18, 2014 MYT 6:53:42 AM

Govt to probe steel imports on claims cheap imports damaging domestic sector
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PETALING JAYA: The Government is investigating claims that cheap imports of several types of steel products have caused “material injury” to the operations of domestic steel millers.

The International Trade and Industry Ministry (Miti) said it would consider imposing a “preliminary anti-dumping duty” if the prices of imported hot rolled coils (HRC), chequered coils and pickled and oiled (P&O) coils from China, Indonesia and South Korea are found to be much lower than their own domestic market.

The investigation was initiated following a petition from a domestic producer on May 20. A preliminary determination would be made within 120 days from the date of initiation.

“If the preliminary determination is affirmative, the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury,” Miti said in a statement yesterday.

It said the petitioner alleged that imports of HRC, chequered coils and P&O coils originating in or exported from China, Indonesia and Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries.

“The petitioner claims that this has caused material injury to the domestic industry in Malaysia,” Miti said.

The petitioner also claimed that the imports from the alleged countries have increased in terms of absolute quantity, which has resulted the petitioner to suffer material injury, among others, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.

In relation to this investigation, Miti has provided a set of questionnaires and called all interested parties (importers, foreign producers, exporters and associations) to request for the questionnaires no later than July 2.

“Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to Miti before July 27,” Miti said.

Posted by investor99 > 2014-06-20 01:58 | Report Abuse

In second sentence:

"The International Trade and Industry Ministry (Miti) said it would consider imposing a “preliminary anti-dumping duty” if the prices of imported hot rolled coils (HRC), chequered coils and pickled and oiled (P&O) coils from China, Indonesia and South Korea are found to be much lower than their own domestic market."

Miti will consider imposing a “preliminary anti-dumping duty” if the complaint is real. So, i think high possible government will lend a hand to local steel industry to take action imposing anti-dumping duty to oversea country.

Posted by jeffreykpy > 2014-06-20 17:55 | Report Abuse

investor99, same too....

Posted by investor99 > 2014-06-22 23:19 | Report Abuse

進口鋼釘售價疑低於成本 美調查大馬及其他6國

財經環球20 Jun 2014 21:53
（吉隆坡20日訊）美國商業部指出，將調查從我國、印度、韓國、阿曼、台灣、土耳其和越南進口鋼釘在美國的出售價是否低于成本。

美國業者Mid Continent Steel & Wire有限公司同時投訴，進口商也受益于不公平的政府補貼。若申訴成功，或導致從印度進口的鋼釘被征收高達589.78%的進口稅。

國際貿易委員會將于7月14日前裁決進口的鋼釘是否對本地鋼釘業者造成損害。【中国报财经】

Posted by Tom > 2014-06-23 18:12 | Report Abuse

那个，我这里有一间五金店的老板说，从中国进来的货当然便宜，可是有很多批品质有问题。

就好像4寸的螺丝bolt/nut 有一批它的头太小，馔进木料后会整条从另一边扒出来，根本不能用的。

害老板亏本lelong掉。

问他这样为什么你还要跟中国订呢？

老板说，前几批没问题，可是一批根一批不同咯

BAD CHINESE COMPANY........ AYAM TUA

Posted by Tom > 2014-06-23 18:13 | Report Abuse

Yes, should impose more import tax on these bad chinese company,

product is cheap but of substandard quality, even used by local builders, later the buildings will have lots of problems, like the 某某 airport, here 漏水 there 塌水