Posted by L2 > 2014-10-10 22:12 | Report Abuse

A rare day of activity today for Lioncor. 689,800 vol traded vs 4-wk avg 109,088.

Posted by investor99 > 2014-10-10 23:53 | Report Abuse

Volume bcum bingger, strong buying suppport at 7cts

Posted by L2 > 2014-10-11 07:24 | Report Abuse

If Perwaja can restart, ada harapan for Lioncor's Megasteel to increase ops and be more productive....maybe.

Posted by investor99 > 2014-10-11 10:07 | Report Abuse

Within this 1 year, perwaja share price up & down, created opportunity to investor to gain money. But lioncor not any news or direction for restructuring plan, how come? Any one can share?

Posted by jeffreykpy > 2014-10-14 13:28 | Report Abuse

last round for this counter...waiting the best time to go in

Posted by L2 > 2014-10-15 11:20 | Report Abuse

got action sikit this morning. more than the usual. been a long time coming. will it continue?

Posted by investor99 > 2014-10-15 15:54 | Report Abuse

Big shark Clear on hand stk?

Posted by L2 > 2014-10-16 09:59 | Report Abuse

in-play this morning!

Posted by L2 > 2014-10-16 10:01 | Report Abuse

maybe attracting those who want relative safety to the bloodbath elsewhere.

Posted by L2 > 2014-10-16 10:05 | Report Abuse

also wonder if China factory slowdown means less steel dumping here.

Posted by L2 > 2014-10-16 13:14 | Report Abuse

http://www.marketwatch.com/story/china-steel-now-as-cheap-as-cabbage-weighing-on-global-price-2014-10-13

Posted by L2 > 2014-10-16 13:34 | Report Abuse

http://www.theedgemarkets.com/my/article/misif-wants-miti-act-fast-anti-dumping-cases-impose-margin-interim

Posted by L2 > 2014-10-16 13:35 | Report Abuse

Misif wants MITI to act fast on anti-dumping cases, impose margin in interim

By Jeffrey Tan / TheEdge Markets.com | October 16, 2014 : 12:47 PM MYT

KUALA LUMPUR (Oct 16): The Malaysian Iron & Steel Industry Federation (MISIF) has called on the government to act “quickly and decisively” on anti-dumping cases involving steel.

This is one of several measures the industry body is proposing to the Ministry of International Trade and Industry (MITI) to safeguard the interests of local steel players in light of aggressive competition from China.

MISIF President Datuk Soh Thian Lai said preliminary anti-dumping margins should be imposed while investigations are ongoing.

"There is too much export from China to Malaysia. If you ask me: 'Is China super competitive?', I say yes," he said at the 11th MISIF Conference on Status and Outlook of the Malaysian Iron and Steel Industry today.

Addressing a large crowd of industry players, Soh also urged the government to accord priority to made-in-Malaysia steel products in line with the government's "Buy Malaysia 1st Policy".

Deputy International Trade and Industry Minister Datuk Hamim Samuri, who was present, told reporters that MITI would consider the proposals, but declined to specify a timeline.

However, he stressed the need for steel players to be united and work together with the government, besides displaying a sense of “shared responsibility”.

Ann Joo Group of Companies's Group Managing Director Datuk Lim Hong Thye said global prices of steel would rise if Chinese tax rebates were abolished and prices of iron ore also rose.

Posted by L2 > 2014-10-16 15:23 | Report Abuse

Well-spoken ks55. Above is all info only. Self have to decide.

Posted by L2 > 2014-10-22 13:57 | Report Abuse

http://klse.i3investor.com/blogs/KlSE%20Stock%20Market%20News%20Update/62273.jsp
-----
KLSE Stock Market News Update

Author: EpicMalaysia | Publish date: Tue, 21 Oct 21:33

MARKET UPDATES :

The Kuala Lumpur Tin Market (KLTM) rose US$100 to close at US$19,400 a tonne yesterday in tandem with the firmer London Metal Exchange (LME). The tin price on the LME increased by US$55 to close US$19,305 a tonne. The dealer said KLTM price rise was higher than LME as some sellers were cautious as they wanted to see how LME would fare today.He said today’s market was dominated by scattered buying from the Europeans, Japanese and the locals.

The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday on lack of buying interest, dealer said. Spot month November 2014, December 2014, January 2015 and March 2015 remained unchanged at 96.25, 96.26, 96.22 and 96.18, respectively. Open interest stood at 2,660 contracts. At the 11am fixing, the underlying three-month Klibor stood at 3.75 per cent. Bernama .

AMALGAMATED Industrial Steel Bhd (AIS), which have been in the red for six years, is hopeful of narrowing loss this year as it sells its pipes at higher prices, following the government’s slapping of anti- dumping tax on select imported hot-rolled coils (HRC).“We’re relieved to hear that there’s better government enforcement in the form of anti-dumping investigation. We’re a customer of Megasteel,” said AIS chief financial officer Jack Soo. For 120 days from Thursday, the Ministry of International Trade and Industry (Miti) has imposed provisional anti-dumping duties of between 3.15 per cent and 29.37 per cent on HRC originating or imported from China, Indonesia and South Korea.

Posted by L2 > 2014-10-22 14:09 | Report Abuse

http://www.thestar.com.my/News/Nation/2014/05/11/Still-as-sharp-still-as-savvy-Despite-having-left-the-political-scene-for-many-years-former-Cabinet/

Published: Sunday May 11, 2014 MYT 12:00:00 AM
Updated: Sunday May 11, 2014 MYT 8:46:09 AM
Still as sharp, still as savvy

DESPITE having left the political scene for many years, former Cabinet minister Tan Sri Rafidah Aziz is as busy as ever. The ‘Iron Lady’, who is chairman of three companies - Air Asia X, Megasteel Sdn Bhd and Pinewood Studios - shares her thoughts on a wide range of issues, from GST to Malay rights’ groups and the social media in an exclusive interview with RAHMAH GHAZALI and RASHVINJEET S BEDI.

Posted by investor99 > 2014-10-23 09:15 | Report Abuse

Any related?

Posted by L2 > 2014-10-23 12:40 | Report Abuse

Megasteel is 70%-owned by Lioncor.
1st article : 120 days anti-dumping duties for Hot-Rolled Coils (HRC). Megasteel produces HRC
2nd article : Megasteel is chaired by ex-MITI minister TS Rafidah Aziz.

Posted by L2 > 2014-10-23 13:32 | Report Abuse

Correction. Should be nearly 79% as at end May.

Posted by L2 > 2014-10-23 13:34 | Report Abuse

This was in their 28May2014 circular thru Bursa.

Posted by L2 > 2014-10-23 13:35 | Report Abuse

In the same circular, it says HRC capacity was 3.2m tonnes but production only 1.0m tonnes. This is due to dumping from other countries and little enforced protection locally.

Posted by L2 > 2014-10-24 02:43 | Report Abuse

ks55, thx. you holding? or exited?

Posted by investor99 > 2014-10-24 09:09 | Report Abuse

Lioncor no any announcement yet, but liondiv, lionfib, lionind purpose share buy back. Is tat william cheng give up lioncor?

Posted by L2 > 2014-10-24 10:13 | Report Abuse

Maybe no share buyback required because low 14.96% percentage is public? Any previous buyback?

LIONCOR Shareholding summary
------------------------------------------
Public Corporations 71.59% (Liondiv 49.04, Lionind 19.03, Yinson 2.53, DRB-Hicom 0.26)
Private Corporations 11.18%
Individuals/Insiders 1.72%
Institutions 0.56%
Public & Other 14.96%

source: N2N with S&P Capital IQ

Posted by edlim > 2014-10-24 10:19 | Report Abuse

small free float

Posted by L2 > 2014-10-24 10:23 | Report Abuse

11th MISIF Conference on “Status & Outlook of the Malaysian Iron & Steel Industry”16 Oct 2014

“Charting the Malaysian Iron and Steel Industry to Greater Heights”
by Mr. Tony Lee, Chief Executive Director, Malaysia Steel Institute (MSI)

http://www.misif.org.my/images/pdf/3-tl.pdf

------------
Main takeaway for me is that to become a developed country, steelmaking has to move from long steel (infrastructure centric) to flat steel (industrial use centric, value added) like US/Japan early 2000s. Cannot be held ransom to imports. Lioncor is the major domestic flat steel player. Protection and nurturing is required for domestic flat steelmakers.

Posted by L2 > 2014-10-24 10:36 | Report Abuse

Megasteel should be around because of strategic importance to the nation.
Question is whether it stays in a listed Lioncor or a delisted one.

Posted by L2 > 2014-10-24 10:40 | Report Abuse

For the more experienced forumers, can share if Bursa can threaten suspension when Regularisation Plan has not even been submitted. Here, we see Lioncor asking for extension to submit. In High5 case (delisted today), they submitted RP but not approved.

Posted by L2 > 2014-10-24 11:01 | Report Abuse

Thank you for your warning. You have sold your positions then I guess.

Posted by L2 > 2014-10-24 11:04 | Report Abuse

Consolidation could be a way out as mooted by MISIF president in May.
http://www.theedgemalaysia.com/business-news/287916-highlight-steel-players-urged-to-consolidate.html

Posted by L2 > 2014-10-24 11:54 | Report Abuse

So it means (re)entry is on your radar when opportune. Fair enough.

Posted by investor99 > 2014-10-24 14:51 | Report Abuse

When bursa will make announcement to delist lioncor since fail to summit RP b4 25 oct 2014?

Posted by L2 > 2014-10-24 16:29 | Report Abuse

01 Oct 2014 update via Bursa re seeking extension until middle of next year.
---------------------
The Board of Directors of the Company hereby announce that the Company has up to 25 October 2014 to submit a plan to regularise its financial condition (“Regularisation Plan”) to the relevant authorities for approval and the Company had on 1 October 2014 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time from 25 October 2014 to 30 June 2015 for the Company to make the submission of the Regularisation Plan to the relevant authorities.

Posted by L2 > 2014-10-24 16:30 | Report Abuse

Bursa decision today?

Posted by investor99 > 2014-10-24 18:12 | Report Abuse

High percentage reject

Posted by L2 > 2014-10-24 18:16 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1775417

Notice of 41st AGM on 18Nov 2014

Posted by investor99 > 2014-10-27 09:09 | Report Abuse

价格大跌 订单骤降 国内铁矿场纷倒闭

（吉隆坡25日讯）国际铁矿石价格跌至5年新低，国内铁矿场不敌订单骤降，纷纷倒闭或停产。 中国钢铁供应过剩，导致铁矿石需求和价格大挫，主要出口至中国的本地铁矿商也跟着受难。 《南洋商报》探悉，国内不少铁矿场甚至因此而关门大吉，其他则还在倒闭或停产之间抉择。 一位业者受访时指出，目前的铁矿石价格，已跌破了生产成本，再经营下去，收支平衡也是一个问题。 “由于铁矿行业越来越难做，有许多业者不得已只能选择停产，或甚至是倒闭。” 这位要求匿名的业者表示，眼看不少同业关门大吉心痛不已，而他自己则先停产，再静观其变。

详文请阅《南洋商报》 -
2014.10.25

Posted by investor99 > 2014-10-27 11:56 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1776165

Posted by investor99 > 2014-10-27 13:39 | Report Abuse

From 2day announcement, william cheng still hold lioncor 77% of share

Posted by L2 > 2014-10-27 16:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1776509

Annual Report 2014 out today.

Posted by L2 > 2014-10-27 19:47 | Report Abuse

Thanks ks55.

Posted by investor99 > 2014-10-27 20:01 | Report Abuse

Ks55, means positive to lioncor?

Posted by investor99 > 2014-10-28 01:44 | Report Abuse

Ks55, adversity? means -ve

Posted by L2 > 2014-10-30 12:45 | Report Abuse

a couple of industry updates applicable to local steel players:

BFM Podcast 23 Oct 2014 "Steeling Reserves" on present state and outlook
http://klse.i3investor.com/blogs/bfm_podcast/62370.jsp

Kenanga industry update 14 Oct 2014 (after visit to Masteel)
http://klse.i3investor.com/blogs/kenangaresearch/61682.jsp
Potential trade actions should improve steel price environment. :
.... we gathered that local steel players have been working with the government to resolve steel dumping issues and we expect some trade measures to be announced by 1Q15 which should improve local steel prices. Potential measures include anti-dumping duties, import licensing measures and export restrictions on steelmaking raw materials. Furthermore, on 6-Oct-14 Reuters reported that China steel export incentives (including tax rebates on certain steel products) have been cancelled, according to a China Iron Ore and Steel Association (CISA) official. Hence, CISA expects to see lower steel exports from China in 2015 despite unchanged output levels. With these developments, we are optimistic on local steel prices and estimate a 5-10% improvement in FY15E steel prices should trade actions be passed.

Posted by L2 > 2014-10-30 14:14 | Report Abuse

Gas hike 01 Nov may have cost impact eventho electricity is the main power source.

Posted by L2 > 2014-10-30 14:16 | Report Abuse

Current world iron ore glut will reduce raw materials cost.

Posted by L2 > 2014-10-31 19:31 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1782629

Bursa decision is deferred.

Posted by investor99 > 2014-10-31 23:23 | Report Abuse

Means bursa agree for extension?

Posted by investor99 > 2014-10-31 23:29 | Report Abuse

So..price will up on monday?

Posted by investor99 > 2014-11-01 01:14 | Report Abuse

We refer to the First Announcement dated 25 October 2013 made by the Company in relation to the Company being classified as a PN17 Issuer and the announcement dated 4 November 2013, 2 December 2013, 2 January 2014, 24 January 2014, 4 February 2014, 3 March 2014, 1 April 2014, 2 May 2014, 2 June 2014, 1 July 2014, 1 August 2014, 2 September 2014 and 1 October 2014 pursuant to the requirements under PN17 (“Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements.




The Board of Directors of the Company hereby announce that the Company had on 1 October 2014 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time from 25 October 2014 to 30 June 2015 for the Company to make the submission of the Regularisation Plan to the relevant authorities (“Application”).




Bursa Securities had vide its letter dated 31 October 2014 informed the Company that the suspension on the trading of the Company’s securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements of Bursa Securities shall be deferred pending decision on the Application.





http://www.bursamalaysia.com/market/listed-companies/company-announcements/1782629