Posted by VincentTang > 2021-09-09 14:09 | Report Abuse

China steel price explode now. All in steel stocks.

Posted by Invest_888 > 2021-09-09 14:43 | Report Abuse

Time to buy Low now due to higher and higher steel price esp in China.

Posted by samwise7890 > 2021-09-09 17:38 | Report Abuse

Great! Considering only 2 months, excluding June lockdown. Assuming business is booming, EPS 9.76/2 x3 = 14.64 sen

Posted by joehoong93 > 2021-09-09 18:41 | Report Abuse

Wow, believe closure one month still can have such profit.
Any new TP?

Posted by happy123 > 2021-09-09 19:20 | Report Abuse

Meaning EPS per year is 60sens, PE 2, so this stock easily worth rm5

Posted by ipohwhitecoffee > 2021-09-09 20:44 | Report Abuse

For me; conservative calculation. Annualized EPS 40 sen.

Assign meagre P/E of 5 = RM2.00

Posted by Invest_888 > 2021-09-09 21:27 | Report Abuse

The latest EPS is 9.76cents even with MCOs.

Actually, the profit before tax is even slightly higher than previous quarter. Profit before tax for the current quarter is RM42.573 million and the previous quarter was RM42,525 million. But the profit after tax for this quarter is higher than other quarters as mentioned by the Leonfb as such:

The effective tax rate for the current quarter is slightly higher than the statutory tax rate of 24% mainly
due to absence of unabsorbed reinvestment allowance brought forward from prior financial years for
deducting against statutory business income for the current quarter of a subsidiary company as it had
been fully absorbed in the immediate preceding quarter.

Posted by Luckyboy88 > 2021-09-09 21:43 | Report Abuse

Congratulations guys!!

Posted by Invest_888 > 2021-09-09 22:09 | Report Abuse

Leonfb comments on business & factory expansion:

Our business operations mainly comprise trading and processing of a diverse range of flat and long steel products. Our 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 laser cutting machines.

In addition, our Group also has downstream manufacturing facilities for production of welded steel pipes of which Phase 1 of the facilities with 2 production lines are in full swing since the second half of 2019. Another two (2) production lines are expected to be added in the second half of this year while Phase 2 of the facilities is currently at development stages and is expected to be fully commissioned in the second half of 2023.

Posted by Target1 > 2021-09-10 07:17 | Report Abuse

HUAT $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by Invest_888 > 2021-09-10 08:59 | Report Abuse

All steel stocks are expecting to earn more profit due to high and steady steel price. As long as the share price is no more than forward PE of 10.

Posted by LouisLim > 2021-09-10 10:17 | Report Abuse

China steel price still up today, break 5700. Now 5712.

Posted by NoviceJ > 2021-09-10 18:13 | Report Abuse

LF report Q2 Q1

Revenue 184,783 211,479
PBT 42,573 42,525
Tax -10,458 -6,415
NP 32,115 36,110
Tax Rate 24.56 % 15.09 % -


1) if we look closer at the report, company actually make more profit from lower sales(shutdown during MCO) profitability increase from 20% to 23%

2)but actual profit was reduce due to higher tax bracket 24.56% vs 15.09%

3)Company will add 2 more line in the 2nd half(Revenue will increase)

But base on KYY latest comment the reduced profit of 16% will cause the share price to go south

Posted by AlwaysLearn2Invest > 2021-09-10 19:43 | Report Abuse

If not due to the increase tax rate from 15.09% to 24.56%, the latest Leonfb EPS should be around 11.5 which is quite similar to the last Qtr's EPS. So KYY's figure which says the profit reduced by 16 % without mentioning the new tax figure is very unfair and misleading in the comparison

Posted by zanbini > 2021-09-14 15:29 | Report Abuse

Serious epidemic

I sell first

Posted by NoviceJ > 2021-09-14 22:30 | Report Abuse

If it's pandemic to epidemic now we should be rejoicing instead of rushing out of the gate ????

Posted by VincentTang > 2021-09-15 14:38 | Report Abuse

Steel price start drop some.

Posted by Keeheong1960 > 2021-09-20 11:03 | Report Abuse

Luckily I buy one lot if I buy ten lots I will become snake

Posted by Keeheong1960 > 2021-09-20 11:04 | Report Abuse

Why the price dropped without stopping

Posted by LubeTrader > 2021-09-21 10:57 | Report Abuse

Quote: HONG KONG, Sept 20 (Reuters) - Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets.

I see you dump, I also dump. Somebody else see me dump, he also dump. Chain reaction until oversold position.

Posted by LubeTrader > 2021-09-21 17:47 | Report Abuse

I admit I was chicken shit. Should have bought more yesterday. Was betting it would drop below 90 sen today. Didn't happen. Maybe tomorrow perhaps?

Posted by zanbini > 2021-09-27 10:06 |

Post removed.Why?

Posted by LouisLim > 2021-09-27 13:22 | Report Abuse

Steel price up 2% today.

Posted by LouisLim > 2021-09-28 07:52 | Report Abuse

US steel stock like US Steel big up 4 to 5% last night. China steel price up again.

Posted by LouisLim > 2021-09-28 10:54 | Report Abuse

China steel price big up now.

Posted by hahasong > 2021-09-28 12:24 |

Post removed.Why?

Posted by hantamking > 2021-09-29 13:12 | Report Abuse

mainland facing power control , industrial production affect
on the other hand malaysia steel demand will increase , can export more
today the price go up^^ cheers ya

Posted by hantamking > 2021-09-29 18:25 | Report Abuse

well done today^^

Posted by Invest_888 > 2021-10-01 09:34 | Report Abuse

Steel prices in China goes up 4 consecutive days and is almost 2 months high and near the record high.

Due to limitattion of electricity in China, high power usage in steel industry faces more and more factory shutdown problem.

This time might be best chances to buy steel stock.

Posted by hantamking > 2021-10-01 13:00 | Report Abuse

""中国多地限电 钢铁等大宗产品价飙新高""


Source:
https://www.sinchew.com.my/20210930/%e4%b8%ad%e5%9b%bd%e5%a4%9a%e5%9c%b0%e9%99%90%e7%94%b5-%e9%92%a2%e9%93%81%e7%ad%89%e5%a4%a7%e5%ae%97%e4%ba%a7%e5%93%81%e4%bb%b7%e9%a3%99%e6%96%b0%e9%ab%98/

Cheers ya

Posted by hantamking > 2021-10-01 13:01 | Report Abuse

Read more then no panic already ^^

Posted by Superb99 > 2021-10-13 10:32 | Report Abuse

so fast no show

Posted by blackchicken > 2021-10-14 12:23 | Report Abuse

Lionind is up 8.57%.

Posted by Superb99 > 2021-10-14 18:23 | Report Abuse

This counter too clumsy

Posted by LouisLim > 2021-10-15 14:46 | Report Abuse

China steel price rebound strongly now.

Posted by Chinjason > 2021-10-15 23:40 | Report Abuse

https://www.thesundaily.my/business/malaysia-to-impose-anti-dumping-duties-for-5-yrs-on-some-steel-products-from-china-south-korea-vietnam-CD8467958

Posted by blackchicken > 2021-10-16 18:59 | Report Abuse

China Steel said that several factors are indicating a rebound in Asian steel prices in the fourth quarter, including a rise in demand due to a global economic recovery as well as a surge in raw material costs.

Posted by 888STOCK888 > 2021-10-18 10:34 | Report Abuse

Heng ah

Posted by blackchicken > 2021-10-21 12:45 | Report Abuse

Steel prices are set to go up further due to the expected coal or power shortage and rising raw material prices in China that will potentially weigh on the earlier-anticipated price correction, according to a report.
https://www.hellenicshippingnews.com/no-respite-for-steel-users-as-prices-likely-to-remain-high-report/

Posted by takaje > 2021-10-26 15:02 | Report Abuse

any price target for this beloved counter?

Posted by blackchicken > 2021-10-28 16:07 | Report Abuse

"Exports of manufactured goods in September 2021 reached its highest monthly value at RM94.86bil or 85.6% of total exports, grew by 21.6% y-o-y.

"Petroleum products, manufactures of metal, E&E products, chemicals and chemical products, palm oil-based manufactured products, other manufactures especially solid-state storage devices (SSD) as well as iron and steel products respectively registered more than RM1 billion expansion in exports," said Miti.

Posted by hantamking > 2021-11-15 11:53 | Report Abuse

''Leon Fuat Berhad Powers Up for Green Energy''

source:
https://www.jcnnewswire.com/pressrelease/70555/2/Leon-Fuat-Berhad-Powers-Up-for-Green-Energy

Posted by hantamking > 2021-11-15 12:33 | Report Abuse

over undervalue, collect alot this morning , thanks ^^

Posted by hantamking > 2021-11-15 12:59 | Report Abuse

''Foreign investors net buying of Bursa-listed shares spiked to RM359m last week''

source:
https://www.theedgemarkets.com/article/foreign-investors-net-buyers-sixth-week-row-%E2%80%94-midf-research

Posted by hantamking > 2021-11-15 14:31 | Report Abuse

Steel price rebounce already^^

Posted by hantamking > 2021-11-15 17:55 | Report Abuse

PE about 4 , undervalue lah ^^ collect lagi

Posted by MakeitGrow > 2021-11-29 23:34 | Report Abuse

Big surprise, although the MCO, 3Q earning (EPS: 11.34) was better than 2Q (EPS: 9.76).
9M EPS (32.75) is more than 3 times better than FY2020 (EPS: 9.21).

Posted by MakeitGrow > 2021-11-29 23:40 | Report Abuse

with recovery in the process, the demand for steel will increase and I guess it will underpin the price of steel to maintain above CNY 4000 per tonne.

Posted by Star8888 > 2021-11-30 07:09 | Report Abuse

US Steel drop 4.12% and Steel Dynamics drop 3.32% last night

Posted by Star8888 > 2021-11-30 09:45 | Report Abuse

China steel price drop to 4115 now