As reported by the management, the production of steel pipes has gone through a full year’s operation in 2020 and has achieved satisfactory results with increasing demand. They expect the trend of increasing demand for this division to continue for 2021.
Q1'2021 steel price overall increase 10-15%. LEONFUAT has Rm250mil inventory, extra margin 10% mean RM25mil extra profit.
Now all the hardware shop bosses buy steel counter. NTA RM1.22, share price now only RM0.68, almost 50% below it.
And the best thing of Leonfuat is the management manage the cost very effectively. Unlike other steel counter make huge profit and huge loss, Leonfuat always make profit with steady growth.
like it or not steel price going to uptrend.. is a fact.. unless Morrison will open his mouth and say sorry to China.. but which I feel that he won't do that
advice you guys to have a look or research what been happening on steel price. non stop uptrend. anticipate will have some correction especially nice qr result, is normal. but dont be too naïve, cheaper price as mentioned.. only panic retailer will believe
Latest Leon Fuat financial quarterly result was 5.84cent per share. Coming quarterly earning per share will be much more better bcs of steel price is still increasing. Moreover, LEON FUAT share price is only 66cent.
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Davidl
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Posted by Davidl > 2021-02-24 20:02 | Report Abuse
Fantastic QR! Limit up tmr!