It will rise to 0.90 after recovery adjustment of the shock (Malaysians over reacted and don't understand their nature of business )....watch it rise soon...they are merely distributors of steel locally...that tariff won't affect them much.. better go and buy their shares while it's low
The reason for the plunge is that with the import tariff in US will flood the global market with supplies. And these excess supplies might sips into our local market despite our barrier setup by MITI to protect our local industries. Now, it's a matter if global price could go lower despite import price imposed by MITI. If it does, that might hurt the revenue of our local industries.
How far the impact of supply flooding would affect us isn't something we have foresight. What i'm betting on is they keep their revenue and profit margin. Things should be alright.
27 Jun 2018 Entitlement date 29 Jun 2018 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description Final single-tier dividend of 1.5 sen per share in respect of financial year ended 31 December 2017 Period of interest payment to Financial Year End 31 Dec 2018 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151 Payment date 25 Jul 2018 a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 29 Jun 2018
Ah leong got to look for other customers lo: China has cut steel imports since last year. evry stock has become a capital trap. Politics of Malaysia. Ah Leong better wake up and be proactive: or get castrated, Ha! ha!
Anyone attended the AGM? Revenue has increased, but the profit almost disappeared? It's a trap ,is it? Rise, rise, rise, then drop price to trap capital. The
Good news... ERCL resume, more construction work expected, steel price will go up, and Leon Fuat will be one of the beneficiary, as LEONFB is the only steel counter that still can maintain profit while the rest of steel counter has loss few hunder million.
Leon Fuat business operations mainly comprise trading and processing of a diverse range of flat and long steel products. Their processing facilities which include an extensive range of cutting, levelling, shearing profiling, bending and finishing are cater for specific product requirements of our large customer base from diverse industries and to provide a one-stop solution to potential customers. The cutting and profiling facilities include a fiber laser cutting machine complete with automated loading and unloading facilities for inputs and outputs with overall processing speed of up to 5 times more than conventional machines and believed to be the first fiber laser machine with the highest power in South East Asia.
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Davidl
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Posted by Davidl > 2018-03-06 22:07 | Report Abuse
Standby at 75cts!