Posted by bali > 2017-11-19 09:43 | Report Abuse

The Malaysian steel sector is under appreciated due to sporadic industrial metal sector and indicies. We upgrade selective steel plates, steel rebar, HRC and CRC counters to add with higher target prices to reflect near term visibility in earnings. We understand most counters will announce 3rd quarter results by 29 November 2017. We expect counters under our universe to record resilient 3rd quarter earnings of which momentum will be carried forward to the 4th quarter and 2018.

We selectively upgrade counters that we like, due to management's safeguarding of minority shareholders interest, amongst others. We upgrade LSTEEL, ANNJOO and LIONIND to OUTPERFORM with a higher target price of RM1.09, RM5.00, RM2.20. We reiterate MARKET PERFORM on MASTEEL, SSTEEL and AYS with target price of RM1.6, RM2.7, RM0.65.

We believe LSTEEL will continue to outperform its peers in terms of share price percentile, owing to the Group's near term earnings prospects coupled with its low valuation. LSTEEL and MASTEEL continue to trade at the lowest 0.60 PB/value multiples amongst Malaysian steel companies. We gather that LSTEEL trade at undeservingly low multiples was potentially due to the consistent selling of LSTEEL shares by Amanah Saham Bumiputra (that has since fully disposed their stake in LSTEEL). We observe a similar instance in MASTEEL due to the proposed private placement and reselling of treasury shares. We do not see further observable downside risk for LSTEEL due to the full exit of Amanah Saham fund. We gather that the Group will record a higher earnings in third quarter and record a CAGR growth of 130% in 2018 and 15% in 2019, albeit of a mid range base in 2017.

Posted by Edwardong53 > 2017-11-20 00:12 | Report Abuse

Thanks bali for your sharing and info.

Posted by bali > 2017-11-20 12:25 | Report Abuse

i copy from Chanteckfai link :)

Posted by onlyinvestment > 2017-11-21 17:34 | Report Abuse

This is a toughful time . Who can patience till last who will be the winner...

Posted by Edwardong53 > 2017-11-21 22:08 | Report Abuse

Hope LSteel to release reasonable good Qtr results in order to sustain its price in our weak market.

Posted by Edwardong53 > 2017-11-21 22:08 | Report Abuse

Hope LSteel to release reasonable good Qtr results in order to sustain its price in our weak market.

Posted by Edwardong53 > 2017-11-21 22:08 | Report Abuse

Hope LSteel to release reasonable good Qtr results in order to sustain its price in our weak market.

Posted by Angel of KLSE 大马股仙 > 2017-11-22 08:26 | Report Abuse

i guarantee good result, but no guarantee share price up

Posted by Edwardong53 > 2017-11-22 13:27 | Report Abuse

LionInd has bounced back from 1.43 to 1.57 today but Lsteeel still not moving much .

Posted by onlyinvestment > 2017-11-23 19:19 | Report Abuse

Today Masteel QR 3 released , is a wonderful perfect result . I hope Lsteel also can give me supprise ......

Posted by Edwardong53 > 2017-11-23 22:57 | Report Abuse

Pray for fantastic Qtr results from LSteel next week.....will be able to see whether price moving up tomorrow.

Posted by onlyinvestment > 2017-11-24 09:10 | Report Abuse

Starting fly ???

Posted by Edwardong53 > 2017-11-24 14:58 | Report Abuse

Wow lucky didn't go and chase lionInd yesterday or else mati lah

Posted by onlyinvestment > 2017-11-24 15:20 | Report Abuse

Blocking 0.69...

Posted by Edwardong53 > 2017-11-27 10:46 | Report Abuse

When its Qtr results be released

Posted by derrick37 > 2017-11-27 13:16 | Report Abuse

the incoming qr release due date is 29th Nov, within this week

Posted by geoffreylee > 2017-11-27 17:15 | Report Abuse

drop 154%

Posted by csl1991 > 2017-11-27 17:26 | Report Abuse

die

Posted by cooling > 2017-11-27 17:29 | Report Abuse

tomorrow become 0.30 cents ....negative quarter....lanjiaosteel

Posted by Mohd Fahmi Bin Jaes > 2017-11-27 17:31 |

Post removed.Why?

Posted by cooling > 2017-11-27 17:37 | Report Abuse

LSTEEL - Not too late, still have legs
Why I sai lang Leader Steel today?
Leader Steel - Initiate ADD with Target Price of RM1.02 (95% PB value), poised for re-rating

whoaa.....chanteckfai sailang Lsteel ah??....goodluck lor tomorrow...kena conned big time by fundhouse...tomorrow one way ticket to Holland

no wonder amanah selling like mad...

Posted by hanting999 > 2017-11-27 17:39 | Report Abuse

all hopes gone. bluffed by datin, accountant and dog.

Posted by derrick37 > 2017-11-27 17:39 | Report Abuse

Time to run from this counter before too late, join other strong steel counters like Masteel and Annjoo

Posted by Collin Soo > 2017-11-27 17:44 | Report Abuse

Disappointed QR. Welcome all to join Masteel/Annjoo/Leonfb that released good QR.

Posted by apolloang > 2017-11-27 17:47 | Report Abuse

quickly run,boh chow mati

Posted by TrippleZ > 2017-11-27 17:51 | Report Abuse

Bad QR on bear market. Worst storm coming.

Posted by Uncle_Lim > 2017-11-27 17:54 | Report Abuse

lari

Posted by Graemesquires85 > 2017-11-27 18:11 | Report Abuse

Report already out. Loss like crazy while other steel counter earned. Tomorrow drop liao...

Posted by angkokann > 2017-11-27 18:12 | Report Abuse

Revenue up so much but profit negative...fxxxxx

Posted by Graemesquires85 > 2017-11-27 19:31 | Report Abuse

Run for your life...

Posted by onlyinvestment > 2017-11-27 19:42 | Report Abuse

I just curious , Datin said sales price up 25% , market steel pipe shortage , revenue higher than 2016 but loss ? She is fooling shareholder or she is dishonest when accept interview by reporter ? This kind company and magnament who will trust again ?

Posted by cooling > 2017-11-27 19:46 | Report Abuse

angel of klse claimed lsteel profit very high....really laugh die me....claim your losses from the fella

Posted by stlf > 2017-11-27 19:48 | Report Abuse

cibai

Posted by cooling > 2017-11-27 20:07 | Report Abuse

tomorrow quick cutloss will be a wise thing to do...it's far far below expectation...high steel price but making huge losses....EPS nta also dropped....

Posted by cooling > 2017-11-27 20:08 | Report Abuse

promoter chanteckfai got conned big time by accountant....accountant or con man??... haha laugh die me

Posted by cooling > 2017-11-27 20:11 | Report Abuse

Amanah kept throwing....sohaisss kept buying hahaha

Posted by Uncle_Lim > 2017-11-27 20:15 | Report Abuse

all kene cheated by director. she sells fake news just to sell on the peak, while noob keep pushing the price up. lol good luck tomorrow

Posted by Edwardong53 > 2017-11-27 21:21 | Report Abuse

Blessing to the Datin, accountant & other con for making many innocent retailers believed their stories and now they are losing their hard earned income and retirement funds. Keep up your good work, Datin !

Posted by WallStBull > 2017-11-27 21:51 | Report Abuse

Datin Tan. Your true spirit has been unraveled. May god punish those who makes lies..

Posted by Angel of KLSE 大马股仙 > 2017-11-27 22:37 |

Post removed.Why?

Posted by Graemesquires85 > 2017-11-27 22:55 | Report Abuse

Back to 30 cents...haha

Posted by bali > 2017-11-28 09:01 | Report Abuse

the loss is attributed to tax expenses of 1.854 million these quarter, may be foreseen good profit for the coming q4

Posted by bali > 2017-11-28 09:02 | Report Abuse

pls do not bend me if i am wrong

Posted by onlyinvestment > 2017-11-28 09:14 | Report Abuse

Big gap down . I though open market down 10% but more . I confirmed myself living president room already.

Posted by onlyinvestment > 2017-11-28 09:15 | Report Abuse

Bro Bali , eventhough no count in the tax they still hand out a bad QR 3 due to Q3 normal is strong quarter...

Posted by onlyinvestment > 2017-11-28 09:16 | Report Abuse

And I really cant believed the magnament talking . Especially the Datin ...

Posted by bali > 2017-11-28 09:18 | Report Abuse

u r right. onlyinvestment, the qr is really under expected

Posted by mdfadly > 2017-11-28 09:22 | Report Abuse

Break 0.57 u all die. Better run quick

Posted by bali > 2017-11-28 09:24 | Report Abuse

i check back the report from Star :
"The group’s revenue and bottomline for the financial year ending Dec 31, 2017 is expected to reach a record-breaking level, thus making the results the best for the past five years."
The crook datin did not mention that Q3 is the best, she say only financial Dec31 17 is the best, but how can we believe her again

Posted by ipomember > 2017-11-28 09:30 | Report Abuse

anyone got their IR email or number? lol