then steel and iron ore prices start down trending. All expansion, capacity and machinery become burden. Not so hard to predict the future for this type of company.
This is a TRUE gem! I am banging LSTEEL because.. i know for CERTAIN that:
Steel pipes are short of supply in the mkt - MD says steel pipes are HIGH in demand, short of suppply to the local mkt and therefore driving the price to go up. So irregardless of what the steel price is of today.. i am CERTAIN the price will go UP bc of this.
STEEL Re-bar - new factory is coming out (good biz prospect)
Lsteel doesnt get much publicity(s) from research house as it is a small cap sized counter (with a small mkt cap of just 130m). As compared to steel giant playa; Lionind 720m, Annjoo 530m and Masteel 310m.
I love LSTEEL because.. i know for CERTAIN that:
1) Steel pipes are short of supply in the mkt - MD said that the co had raised 20% output to meet with the rising demand. The shortage was severe and is expected to worsen by year-end. Yes, its a good news for investors! So irregardless of what the steel price is of today.. i am CERTAIN that the price will continue to ROCKET UP because of "shortages".
2) Leader steel exports minerals to China - 20,000 tonnes of minerals such as manganese ore were exported to China in 2016. Despite the slowdown in China’s real estate and construction sectors, LSteel is still able to secure consistent orders, thus gaining a strong foothold in the Chinese market.
3) Steel Re-bar - With China dropping its steel output so dramatically, and with high demand of steel rebar from neighboring countries (ie: Vietnam, SG, Myanmar and Indo). New factory is coming out in year 2018 to meet w/ the regional demand (good biz prospect).
4) The recent imposition of the 13.42% safeguard duty on imported steel concrete bars from 40 countries, which include China, has made it expensive for local hardware companies to buy from overseas. With this safeguard duty in place, the imported steel rebars will find it hard to compete with Lsteel.
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....
lkhoong
328 posts
Posted by lkhoong > 2017-08-07 11:16 | Report Abuse
buy now?