Posted by khatulistiwa1234 > 2019-12-03 15:16 | Report Abuse

Idiot also know steel demand will full swing after CONSTRUCTION ARM ON HANDSOME MODE .

Posted by khatulistiwa1234 > 2019-12-03 15:20 | Report Abuse

23.1 stage of all , i enough to enjoy my rest of life ...

Posted by khatulistiwa1234 > 2019-12-03 17:53 | Report Abuse

Move in silence , never let your know when is next move .

Posted by khatulistiwa1234 > 2019-12-03 17:55 | Report Abuse

Excellent steering man rhythm play is you never feel the sudden , whether is up or down ,he monitor until you surrender all to him , only silence huge gap up .

Posted by khatulistiwa1234 > 2019-12-03 17:56 | Report Abuse

Unpaid the bill , if you not ready .

Posted by khatulistiwa1234 > 2019-12-03 17:59 | Report Abuse

Possible whole week down , coming week , steady heading back , 110 million not a big issue , can easily digest , coz our ore citizen usual the phenomena already , this theater for off shore solid guy , cayman fund or alibaba fund , those earth champion fund .

Posted by khatulistiwa1234 > 2019-12-03 18:00 | Report Abuse

Whom else believe such big lose steel firm can steady back , only them .OK

Posted by khatulistiwa1234 > 2019-12-03 18:01 | Report Abuse

Big guy vs big guy game .

Posted by khatulistiwa1234 > 2019-12-03 20:31 | Report Abuse

LIONIND's loss in profit last year was mainly due to price falling in steel and rising in raw materials cost. With the current tough operating environment, the demand of real estate and infrastructure industries still remain low. It seems that the management has difficulties to change the situation and make the company perform better.



In order to make the company profitable, management will look into other business opportunities, and hoping to reverse the current difficulties. As for the plant bought for Flat Steel, this acquisition also has to wait a year before it can begin to contribute to profitability, and it must produce 50% of its output before it starts to be profitable.



According to the management, the China-US trade war has caused Chinese steel manufacturers to sell steel across Asia Pacific, and in which the steel prices remain volatile in Malaysia. Although Malaysia has a Safe Guard Tax (Tax for Local Businesses), it doesn't help much for Steel industry.

Posted by khatulistiwa1234 > 2019-12-03 20:34 | Report Abuse

Q1: On page 61 of the annual report, the company's turnover has fallen. Why did other expenses increase from RM 85mil to RM 127mil last year?



A1: In 2019, steel prices have fallen by 20%, hence the company's needs to be adjusted appropriately. And we have Stock Written Down of about RM 50mil last year.





Q2: I see Trade Receivable has RM 721mil impairment. What happened? Can the amount of RM 721mil be recovered?



A2: This is about MegaSteel. Currently MegaSteel has been doing debt restructuring. After the debt restructuring, we will receive a part of the fund.





Q3: Do you think company will perform better on next year?



A3: Most steel companies are not doing well, mainly because of the economic and real estate downturn. We hope that real estate and infrastructure projects will continue to improve in the future. And on top of that, we are also facing many fierce competition, such as Alliance Steel.



We have also discussed the state of the steel industry with the government, and the government knows the steel industry situation. At present, Malaysia's steel production is 12mil mt, but in fact the steel utilisation rate is about 4.4mil mt. The excessive output has led to low steel prices.





Q4: Why does Sales go down, but Purchase goes up? Does the company do any hedging?



A4: We purchase the same amount of raw materials as previous year, but the material price has increased, moreover it is in USD. USD appreciation has a certain cost impact on us. The company did not do any hedging.





Q5: The company has cash in hand, why not pay dividends?



A5: Under the Companies Act 2016, we are unable to pay dividends. This is because the company is not making money.





Q6: Since Parkson has been losing money, why not sell it?



A6: As far as we know, Parkson is already in transition. Their business in China has grown a lot. We believe there is hope in the future.

Posted by khatulistiwa1234 > 2019-12-03 20:34 | Report Abuse

Expert say , coming quarter on positive trend .

Posted by khatulistiwa1234 > 2019-12-04 08:10 | Report Abuse

Latest hedge make , huge required raw material , buy until market shortage , deserve it , bulk buying plus active back consumption in ore market , hot spicy the phenomena , wake up is compulsory .

Posted by khatulistiwa1234 > 2019-12-04 08:11 | Report Abuse

110 million is last quarter , this coming two month all in green index cast , company confident the future ore steel demand , all in roof top hence .

Posted by khatulistiwa1234 > 2019-12-04 08:12 | Report Abuse

Train not to Busan ,but confirm to kingdom hill .

Posted by khatulistiwa1234 > 2019-12-04 08:15 | Report Abuse

Expert analyst put a lord on it , spiritual the legend , he not direct the excellent base , but for me , one view , know every noted , he is provoke the demand on construction hot spicy period , Top analyst LOUIS YAP really master .

Posted by khatulistiwa1234 > 2019-12-04 08:17 | Report Abuse

ROSSA will start engine , Hot spicy the phenomena , with its 24% lately stage .

Posted by freddiehero > 2019-12-04 08:23 | Report Abuse

haha.. now rainy day..

Posted by khatulistiwa1234 > 2019-12-04 08:25 | Report Abuse

Do big things , not see weather .

Posted by khatulistiwa1234 > 2019-12-04 10:01 | Report Abuse

Awesomeness soon , the bad is all indicate , smart of wc , this round , he already far far win the match , he even strength compare last time , he really deserve the name , KING OF STEEL < LION KING IN REGION , coz two month ago until now , he managed to changed its emperor , earth number one , with MEGASTEEL breath on , weird to weird case .

Posted by khatulistiwa1234 > 2019-12-04 10:05 | Report Abuse

Bear in mind , any doubt is possible happen , the curve just turn good handsome .

Posted by khatulistiwa1234 > 2019-12-04 10:06 | Report Abuse

Falling knife with candle up signal , mean , more to heading north port .

Posted by khatulistiwa1234 > 2019-12-04 10:16 | Report Abuse

Yeah , is worth follow up this stock , i learn in life , get really something true , they is where big income arrived , when it is huge demanding sudden come , purified me , sacrifice me , one short , GOD bless , return huge to me , i think that must something that we must live life beautifully , GOD with us , at the same time , we enjoy the joy .

Posted by khatulistiwa1234 > 2019-12-04 10:18 | Report Abuse

I not brief any more , i see the good future , is time for me , to take the rest , GOOD LUCK all , i leave with proud , NOT MORE SEEING , GOD really like YOURS .

Posted by khatulistiwa1234 > 2019-12-04 10:24 | Report Abuse

水到絕處是風景，人到絕境是重生 .

Posted by KerbauOtot > 2019-12-04 13:39 | Report Abuse

Loss a lot from this counter. when this counter wan to wake up

Posted by freddiehero > 2019-12-05 17:01 | Report Abuse

wah.. lionkin wake up?

Posted by khatulistiwa1234 > 2019-12-06 14:07 | Report Abuse

Domination .

Posted by khatulistiwa1234 > 2019-12-06 14:07 | Report Abuse

IRON ORE is HIGH JUMP UP .

Posted by khatulistiwa1234 > 2019-12-06 14:12 | Report Abuse

WC today laugh away , smile from morning until noon .

Posted by khatulistiwa1234 > 2019-12-06 14:13 | Report Abuse

Sufficient , he can gain back easily , with the great sentiment on iron steel demand in coming future , bright even bright is arrived .

Posted by khatulistiwa1234 > 2019-12-06 14:15 | Report Abuse

IRON HEAVENLY EPISODE , all iron steel related field , hot spicy demand decade is coming .

Posted by khatulistiwa1234 > 2019-12-06 14:15 |

Post removed.Why?

Posted by khatulistiwa1234 > 2019-12-06 14:16 | Report Abuse

Proficient WC , now i salute and knee down him , he is genius .

Posted by khatulistiwa1234 > 2019-12-06 14:18 | Report Abuse

ROSSA LORD .

Posted by khatulistiwa1234 > 2019-12-06 14:20 | Report Abuse

every second noon trade on start trade , loaded 1000 lot , until it gap up to 0.40 , only stop .

Posted by khatulistiwa1234 > 2019-12-06 14:20 | Report Abuse

Press button monitor , WC really wolf done the mechanize .

Posted by khatulistiwa1234 > 2019-12-06 14:22 |

Post removed.Why?

Posted by khatulistiwa1234 > 2019-12-06 14:23 | Report Abuse

Attack in silence .

Posted by khatulistiwa1234 > 2019-12-06 14:23 | Report Abuse

GAME just beginning , hiding attack .

Posted by khatulistiwa1234 > 2019-12-06 14:24 | Report Abuse

Jungle park .

Posted by khatulistiwa1234 > 2019-12-06 14:25 | Report Abuse

Jurassic park , play with dinasour .

Posted by khatulistiwa1234 > 2019-12-06 14:27 | Report Abuse

Giraffe long neck sudden become short , bow down , watching , focus something secret .....

Posted by khatulistiwa1234 > 2019-12-06 14:28 | Report Abuse

My group confirm FIRE ON .

Posted by khatulistiwa1234 > 2019-12-06 14:29 |

Post removed.Why?

Posted by khatulistiwa1234 > 2019-12-06 14:30 | Report Abuse

Take away 0.335 in sudden .

Posted by khatulistiwa1234 > 2019-12-06 14:31 | Report Abuse

Disappear magic , DAVID copper field magic hand .

Posted by khatulistiwa1234 > 2019-12-06 14:32 | Report Abuse

0.42 is my figure , changed .

Posted by khatulistiwa1234 > 2019-12-06 14:33 | Report Abuse

Handsome up , WOW , strength enough , getting stronger compare before , OHMM , nice length , above 17inch .

Posted by khatulistiwa1234 > 2019-12-06 14:33 | Report Abuse

SUPER BANANA .

Posted by khatulistiwa1234 > 2019-12-06 14:34 | Report Abuse

HOLE SUDDEN LOOSE .