So far this company has more than 3,000 customers, including equipment for the planting field, construction field, and even companies in the semiconductor field.
Remaining resilient amid market weakness, LEONFB is potentially rebounding off its immediate support level following prolonged downtrend, with anticipation of continuous improvement in both momentum and trend in the near term.
Leon Fuat's turnover mainly comes from the trading of steel and the sale after processing; and the steel products traded by the company are mainly hot-rolled steel (HRC)
FYI, HRC can be used in automobile parts (e.g. frames and wheel rims), construction materials (I-beams), railroad equipment, etc. Huge business growth for Leon Fuat in the future if everything's back on track
Pick up some when the price is low and wait patiently for it to break out. As my Sifu said, the stock market is a device transferring money from the impatient to the patient one.
Btw, Government are allocating RM145 million for maintenance, upgrading and construction of sports facilities in Budget 2023. Demand for steel will be surged undoubtedly
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Posted by JettLeong > 2022-10-11 13:09 | Report Abuse
So far this company has more than 3,000 customers, including equipment for the planting field, construction field, and even companies in the semiconductor field.