Posted by dashengyong82 > 2022-11-02 15:52 | Report Abuse

leonfb manage to record RM23.91 million and RM14.02 million in net profit in Q1 & Q2FY22, eventhough during that time there was a sharp drop of steel price

Posted by dashengyong82 > 2022-11-02 15:52 | Report Abuse

which is quite remarkable, apparently during that time, seems like their peers arent that lucky

Posted by JettLeong > 2022-11-03 09:33 | Report Abuse

Expected Leon Fuat will present good Q3 results

Posted by JettLeong > 2022-11-03 09:35 | Report Abuse

Collect some before it fly up if the company announce better than expected Q3 results

Posted by ChunWong93 > 2022-11-03 10:03 | Report Abuse

Leon Fuat has large scale of customer base, not only from construction industry but also semiconductor industry as well

Posted by ChunWong93 > 2022-11-03 10:05 | Report Abuse

This company sure can maintain their profitability during uncertainty of the market

Posted by wasabihunter > 2022-11-03 13:41 | Report Abuse

When 60 cents ???

Posted by wasabihunter > 2022-11-03 13:42 | Report Abuse

Steel price, please rebound soon......

Posted by dashengyong82 > 2022-11-03 14:31 | Report Abuse

fat earnings in upcoming years 2023. lets wait for it

Posted by dashengyong82 > 2022-11-03 14:31 | Report Abuse

steel is rotational industry, buy at bad time, is always good decision

Posted by chienweilim8139 > 2022-11-03 14:33 | Report Abuse

steel has big news coming up, stay tuned!

Posted by chienweilim8139 > 2022-11-03 14:33 | Report Abuse

things will only get better from now on, bad times and moment make a company stronger

Posted by JettLeong > 2022-11-04 09:37 | Report Abuse

Their steel products' usage is vast

Posted by JettLeong > 2022-11-04 09:38 | Report Abuse

They can be used in automobile parts (e.g. frames and wheel rims), construction materials (I-beams), railroad equipment, etc. Ergo, promising business growth for Leon Fuat in the future

Posted by ironstockhunter > 2022-11-04 12:24 | Report Abuse

Share price is cheap & bargain at current level

Posted by chienweilim8139 > 2022-11-04 14:33 | Report Abuse

quiet day today , still low profile many havent discover this hidden gem

Posted by chienweilim8139 > 2022-11-04 14:33 | Report Abuse

business is good, everything intact, value will come, gem will be discovered

Posted by raphaelchinn94 > 2022-11-04 14:36 | Report Abuse

weak currency, price near 2020 low, good entry opportunity

Posted by raphaelchinn94 > 2022-11-04 14:36 | Report Abuse

satu kali flip your money, INI KALI LAHH

Posted by JettLeong > 2022-11-07 09:37 | Report Abuse

Very nice. Leon Fuat breaks 50 EMA as anticipated

Posted by JettLeong > 2022-11-07 09:42 | Report Abuse

With the increased demand on steel, this company will move up in steady manner

Posted by ChunWong93 > 2022-11-07 10:53 | Report Abuse

Most steel companies expect domestic demand for the commodity to likely stage a sustained recovery in the second half of the year (2H22)

https://www.thestar.com.my/business/business-news/2022/07/16/demand-for-steel-seen-to-improve

Posted by ChunWong93 > 2022-11-07 10:54 | Report Abuse

Excellent Q3 results can be expected from Leon Fuat this month

Posted by chienweilim8139 > 2022-11-07 13:12 | Report Abuse

good things take time, havent decide to move yet, but soon

Posted by chienweilim8139 > 2022-11-07 13:12 | Report Abuse

slowly can see some up trend if u the chart closer

Posted by dashengyong82 > 2022-11-07 13:14 | Report Abuse

leonfb manage to record RM23.91 million and RM14.02 million in net profit in Q1 & Q2FY22, eventhough during that time there was a sharp drop of steel price

Posted by dashengyong82 > 2022-11-07 13:14 | Report Abuse

which is quite remarkable, apparently during that time, their peers arent that lucky

Posted by wasabihunter > 2022-11-07 15:21 | Report Abuse

@chienweilim8139 Just some price movement, not steel trend yet anyway

Posted by wasabihunter > 2022-11-07 15:31 | Report Abuse

With the normalisation of steel prices progressing well, most steel industry players expect domestic demand for the commodity to likely stage a sustained recovery in the second half of the year (2H22).

Time to lookout for steel stock

Posted by JettLeong > 2022-11-08 09:41 | Report Abuse

Leon Fuat's price earnings ratio is considered very low currently compared to its peers

Posted by JettLeong > 2022-11-08 09:43 | Report Abuse

So don't miss the opportunity to collect when it's still cheap before it starts moving up high

Posted by ChunWong93 > 2022-11-08 10:16 | Report Abuse

Steel demand is elevating progressively

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/moodys-says-india-a-bright-spot-in-global-steel-demand/articleshow/95360925.cms

Posted by ChunWong93 > 2022-11-08 10:19 | Report Abuse

Get ready for Leon Fuat to go towards the prime moment

Posted by chienweilim8139 > 2022-11-08 13:29 | Report Abuse

higher overall revenue on the increased contributions from the trading and processing of steel products

Posted by chienweilim8139 > 2022-11-08 13:30 | Report Abuse

the only downside if i must say, is the low overall gross profit margin

Posted by dashengyong82 > 2022-11-08 13:35 | 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

Posted by dashengyong82 > 2022-11-08 13:36 | Report Abuse

mainland movement control again, better chance for malaysia company like leonfb to get the orderbook, more exportation

Posted by ironstockhunter > 2022-11-08 15:28 | Report Abuse

china still major steel player, unless malaysia can overtake them lol

Posted by ironstockhunter > 2022-11-08 15:32 | Report Abuse

anyway, current steel market are still under radar due to low steel price, just observe and keep looking for any potential price breakout

Posted by JettLeong > 2022-11-09 11:21 | Report Abuse

Trend reversal gradually appears. Leon Fuat will rebound greatly after its protracted downtrend

Posted by JettLeong > 2022-11-09 11:23 | Report Abuse

Both momentum and trend are improving in the near term for Leon Fuat as the demand of steel is increasing

Posted by ChunWong93 > 2022-11-09 11:49 | Report Abuse

Yes, China is still the biggest steel producer currently

Posted by ChunWong93 > 2022-11-09 11:51 | Report Abuse

But can't overlook the market in India because Apple is slowly shifting mobile phone manufacturing hub to India...Meaning that demand of steel will be raised in tandem with setting up factories in India

Posted by raphaelchinn94 > 2022-11-09 19:01 | Report Abuse

boss kata: The group will strive to keep operating costs at manageable levels while enhancing operating capabilities and efficiencies to meet customer requirements and to ensure timely satisfaction of customer orders

Posted by raphaelchinn94 > 2022-11-09 19:02 | Report Abuse

35.8% increase in revenue to RM250.93mil in 2Q compared with RM184.78mil recorded in the corresponding quarter of the preceding financial year.

Posted by JettLeong > 2022-11-10 09:43 | Report Abuse

Malaysia steel price is increasing gradually after the endemic was declared

https://www.isquareintelligence.com/insights/malaysia-iron-and-steel-prices

Posted by JettLeong > 2022-11-10 09:47 | Report Abuse

Believe that the steel industry will return to peak with strong construction activity in Malaysia

Posted by ChunWong93 > 2022-11-10 10:35 | Report Abuse

Don't forget Leon Fuat had ventured into downstream welded steel pipe

Posted by ChunWong93 > 2022-11-10 10:36 | Report Abuse

The company is capable to maintain their profitability during the fluctuation of steel price

Posted by ironstockhunter > 2022-11-10 14:46 | Report Abuse

so far the company are making profit every quarter la, maybe can see see first