Posted by ironstockhunter > 2022-11-10 14:47 | Report Abuse

PE is reasonable too, would be a nice rally when steel is coming back

Posted by dashengyong82 > 2022-11-10 15:09 | 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 > 2022-11-10 15:10 | Report Abuse

Leon Fuat's dividend payout is consistent too. Their dividend yield is 8.0%

Posted by chienweilim8139 > 2022-11-10 15:13 | Report Abuse

net profit of RM14.02mil in the second quarter ended June 30 (2Q), is neutral as to the prospects for the remaining quarters of the year due to the softening of steel prices and the weaker ringgit

Posted by chienweilim8139 > 2022-11-10 15:15 | Report Abuse

worth to keep, even for passive investors, they have some attractive dividend

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

Malaysian Iron and Steel Industry Federation projects the apparent steel consumption (ASC) for Malaysia to grow by 11% to 7.8 million tonnes in 2022, and 9% to 8.5 million tonnes in 2023

Posted by JettLeong > 2022-11-11 09:39 | Report Abuse

Moreover, Malaysia Steel Institute (MSI), an agency under the International Trade and Industry Ministry (Miti), has expressed optimism about the domestic steel outlook. Thus, Leon Fuat is so undervalued currently

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

One of the reasons that the steel industry has positive outlook is the government's announcement of RM500 million allocation for infrastructure projects in Budget 2023, which will increase the demand of steel

Posted by ChunWong93 > 2022-11-11 10:18 | Report Abuse

Leon Fuat is still trading at only 1.60 times for its PE ratio so it's very low-priced and low-risk now

Posted by wasabihunter > 2022-11-11 16:49 | Report Abuse

market not ready yet, just observe like what KYY did

Posted by wasabihunter > 2022-11-11 16:50 | Report Abuse

even KYY buycall, steel stock are not in trend now

Posted by dashengyong82 > 2022-11-11 16:57 | Report Abuse

Prices of base metals rose sharply on Friday, as China eased some of its stringent COVID-19 curbs, boosting prospects of demand from the world's top metals consumer.

Posted by dashengyong82 > 2022-11-11 16:58 | Report Abuse

Investor sentiment was also buoyed by the softer-than-expected U.S. inflation data that bolstered hopes for a less aggressive interest rate hike path by the Federal Reserve.

Three-month copper on the London Metal Exchange rose as much as 3.4%, hitting its highest since June 22. It was up 2.1% at $8,448 a tonne, as of 0749 GMT

Posted by chienweilim8139 > 2022-11-11 17:12 | Report Abuse

Cooling inflation sent the dollar sharply lower overnight. A weaker dollar makes greenback-priced metals cheaper for buyers holding other currencies.

Posted by raphaelchinn94 > 2022-11-11 17:12 | Report Abuse

0.5 is good based for leonfb, good company always deserve the waits

Posted by JettLeong > 2022-11-14 09:56 | Report Abuse

Russian troops withdrew from Ukraine key city, Kherson. The 'quarrel' is going to end soon

https://www.reuters.com/world/europe/russia-says-it-has-completed-kherson-withdrawal-tass-2022-11-11/

Posted by JettLeong > 2022-11-14 10:00 | Report Abuse

Steel industry will back to their peak moment because rebuilding one country will increase demand for steel and other commodities. 

Posted by ChunWong93 > 2022-11-14 11:09 | Report Abuse

Given that vigorous construction activities and infrastructure projects were introduced in the budget for 2023, steel demand will hike undoubtedly

Posted by ChunWong93 > 2022-11-14 11:12 | Report Abuse

Steel players like Leon Fuat will return to prime time. Hence, good entry price for now

Posted by ironstockhunter > 2022-11-14 13:28 | Report Abuse

everyday market sentiment for steel are getting better, steel stock will back to their best years again

Posted by raphaelchinn94 > 2022-11-14 16:30 | Report Abuse

although i like leonfb, but i hate it when kyy comment on my counter :') for some reason

Posted by chienweilim8139 > 2022-11-14 16:31 | Report Abuse

hahahaha kyy same like jackie c, promote where die where xD

Posted by chienweilim8139 > 2022-11-14 16:31 | Report Abuse

do u still need kapersky as antivirus? i suggest u buy from shopee

Posted by dashengyong82 > 2022-11-14 16:33 | Report Abuse

hahaha have to be fair lahh not all his counter are bad, but people seems like quite sensitive to all the counter he mentioned before

Posted by IdrakUsama > 2022-11-15 09:25 | Report Abuse

Boleh menempuh perhatian kepada syarikat ini kerana permintaan steel semakin meningkat sejak kebelakangan ini

Posted by JettLeong > 2022-11-15 09:56 | Report Abuse

The primary source of Leon Fuat's revenue is the trading and post-processing sale of steel and the company mostly trades hot-rolled steel

Posted by JettLeong > 2022-11-15 09:59 | Report Abuse

After quick research, hot-rolled steel can be used in construction materials (I-beams), railroad equipment and also automobile parts (e.g. frames and wheel rims)

Posted by ChunWong93 > 2022-11-15 10:38 | Report Abuse

There are other uses for hot-rolled steel as well, e.g. agricultural equipment. There will be huge business growth for Leon Fuat in the future if everything's back on track

Posted by chienweilim8139 > 2022-11-15 15:37 | Report Abuse

the company had only one single quarter that registered a losss of RM4.18 million in Q4FY19, where the rest of the quarters are performing well.
Even with the sharp downturn in steel price, the company managed to record RM23.91 million and RM14.02 million in net profit in Q1 & Q2FY22, which is commendable given how some of the other steel players had suffered losses by now.

Posted by dashengyong82 > 2022-11-15 15:38 | Report Abuse

movement slow abit for leonfb, but good stock will eventually shine at its right time

Posted by dashengyong82 > 2022-11-15 15:39 | Report Abuse

with mainland having movement control again, expectign their factories will have very limited production rate, this is a very good chance and definitely beneficial for Malaysia steel companies

Posted by raphaelchinn94 > 2022-11-15 15:42 | Report Abuse

mainland facing power control , industrial production affect
on the other hand malaysia steel demand will increase , can export more

Posted by ironstockhunter > 2022-11-15 16:26 | Report Abuse

Steel will make move when china recover again, how long will it takes? only Xi knows

Posted by JettLeong > 2022-11-16 09:47 | Report Abuse

Fantastic. Today's blowing steel wave and Leon Fuat is breaking 50 EMA

Posted by JettLeong > 2022-11-16 09:49 | Report Abuse

Congratz to investors who catch it below 50 cents or during its 52 weeks low

Posted by IdrakUsama > 2022-11-16 10:42 | Report Abuse

Bagus. Syarikat ini mula naik selepas saya kutip semalam. Leon Fuat HEBAT

Posted by ChunWong93 > 2022-11-16 11:38 | Report Abuse

It will rise even further as global steel demand rises. Continue to observe the market activities and price movement

Posted by raphaelchinn94 > 2022-11-16 15:53 | Report Abuse

Summer maintenance would normally cap production at about 80% of capacity, but Hallemans says the figure is around 50% since late June, after Russia sharply cut gas supplies to Europe, sending already inflated prices to new records.Imports into Europe

Posted by raphaelchinn94 > 2022-11-16 15:53 | Report Abuse

Largely from Asia where energy prices are far lower but the carbon footprint higher, have risen from 20% to 25% in 2020 and 2021 to 40% this year, peaking at around 50% in the past weeks.Hallemans says Europe must come up with answers

Posted by dashengyong82 > 2022-11-16 15:59 | Report Abuse

finally some up movement after sometimes, good momentum!!

Posted by chienweilim8139 > 2022-11-16 16:01 | Report Abuse

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,” executive director Calvin Ooi Shang How said in a statement

Posted by wasabihunter > 2022-11-16 16:46 | Report Abuse

took some profit, correction on the way now

Posted by JettLeong > 2022-11-17 10:28 | Report Abuse

Leon Fuat's p/e is below 2.00 times currently. So it is still a low cost to buy

Posted by JettLeong > 2022-11-17 10:30 | Report Abuse

The steel industry will return to its peak moment, and this company will move up further in due course

Posted by ChunWong93 > 2022-11-17 11:23 | Report Abuse

One day goreng sentiment for steel counters I think... but Leon Fuat still stably moving above 50 cents. Quite steady this counter

Posted by IdrakUsama > 2022-11-17 12:06 | Report Abuse

Permintaan keluli akan meningkat secara beransur-ansur. Syarikat ni akan naik dan berkembang lebih makmur pada masa depan

Posted by ironstockhunter > 2022-11-17 16:42 | Report Abuse

return to peak will take time, now we are in the recovering phase

Posted by raphaelchinn94 > 2022-11-17 16:46 | 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 chienweilim8139 > 2022-11-17 16:47 | Report Abuse

good things take time, havent decide to move yet, but soon, slowly can see some up trend if u the chart closer

Posted by chienweilim8139 > 2022-11-17 16:47 | Report Abuse

Time to lookout for steel stock