Michael: y lion has to follow hiap tek n not Annjoo? I hve been following them: observe d if annjo falls lion affected n allbther steel stocks ! Plese commnt.i may b wrong.
If Megasteel can generate say RM200 profit per ton of HRC, its production capacity of 3.2 mil tonnes per annum may translate into a total profit of RM640 mil per annum. That will be huge.
Lion Industries' current market capitalization is RM540 mil only @ 75sen
Just wondering how much RM.... profit per ton is the right estimate.
NAPS = RM2.04. Current Lion's market capitalization is RM504 mil only. More than RM400 mil extraordinary disposal gain is on the way. Reactivation of Megasteel is anticipated in Dec 2021. Its production capacity is bigger than Hiap Teck....
Steel coming back again and LIONIND is in line again to get the trust of traders and also working process and make some good new line for 0.700 range and make it above 1RM , as we can buy at small lots at 0.660-0.665 range and wait for 0.700 range and then next one is 0.745 range
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Upon disposal of its Antara Steel Mill, Lion Ind is going to recognize an extraordinary gain of RM403 mil or RM0.56 sen per share and its last reported NAPS was RM2.04.
So its NAPS will increase to RM2.60 upon disposal of the said Antara Steel Mill which should be completed asap to facilitate the revival of the real giant Megasteel in Malaysia to take advantage and capitalize on the good profit margin of hot rolled coil market....
the QR came out so bad, not many operators in here hard to fly, they all go hiaptek and ays as far as i know. short term those counter, hold long term maybe lionind has higher chance for more gains
man what are steel counters... after evergrande nobody dares to enter steel counters anymore. 1) china is the major steel importer 2) steel price are base on CNY chinese yuan renminbi 3) construction uses most steel for infrastructure 4) china would face a slowdown in construction sector no idea why steel price even went up in the first place
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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....
hoot9e996
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Posted by hoot9e996 > 2021-10-27 16:56 | Report Abuse
holy sht this aint retrace this is big DUMP lol