LION INDUSTRIES CORPORATION

KLSE (MYR): LIONIND (4235)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.415

Today's Change

+0.005 (1.22%)

Day's Change

0.41 - 0.42

Trading Volume

1,615,900

Entitlement

Upcoming

Happening

Ann. Date Ex Date Type Subject Amount
Discussions
16 people like this. Showing 50 of 29,083 comments

tamp0i

Hi Lion... Any chance I can meet you again kah 0.27? Kekeke...

2022-03-10 16:59

hoot9e996

more like HEY LIONIND
WAKE UP!!! BANGUN LAH
arent you cash rich... do something !!!

2022-03-11 16:44

hoot9e996

more like HEY LIONIND
WAKE UP!!! BANGUN LAH
arent you cash rich... do something !!!

2022-03-11 16:44

Bennychua007

Lionind so mati

2022-03-11 19:45

densim

so cheap. I am BUYING...

2022-03-15 21:48

s3phiroth

KUALA LUMPUR: Domestic steel mills are adjusting prices due to the potential increase in commodity prices, as market sources say European long steel prices are expected to rise sharply in the coming weeks.

Asteel Group managing director Datuk Sri Victor Hii Lu Thian said domestic steel millers are also factoring in risks associated with the potential increase in domestic and imported inflation, increase in oil and energy prices and potential disruption in the global supply chain.

"Domestic steel bar manufacturers have no control over the rising steel prices

which has resulted in higher building material costs.

"The rising energy prices in Malaysia also exacerbate this.

"In 2021, there was a 64 per cent increase in natural gas tariff, coupled with a hike in global freight costs. Thus, the conflict has prompted many domestic steel manufacturers to rethink the sustainability of their businesses," he told The New Straits Times.

Victor said that domestic steel manufacturers are currently experiencing an excess of inquiries, but it is important to note that steel allocation in our country is limited.

"We find that the demand in Malaysia is merely spurred by earlier purchases by industry players, such as the construction and automotive industries, so it does not impact their budgeted costs that the global price hike may impact," he said.

Steelmakers across Europe are cutting back their operations as power prices surge to record levels in response to Russia's invasion of Ukraine, Bloomberg recently reported.

Producers of the metal from Spain to Germany are beginning to slow down or entirely stop their output as the higher costs make production unsustainable, even with steel trading near record levels.

Russia's invasion of Ukraine has exacerbated already eyewatering power prices, affecting companies including Acerinox SA, Salzgitter AG and Liberty Steel, it said.

When asked on the company's contingency plan if steel prices continue to soar, Victor said Asteel is taking a more cautious approach to the potential price avalanche to manage safety stock inventory levels better.

"We take this precautionary measure due to a lesson learned from the steel price crash in the year 2008.

"Similar to any steel player, the fluctuation of steel prices impacts us as it impacts our cash flow and also our stock prices.

"We are continuously assessing the impact on our product supply chains, including

surging shipping and insurance costs. To mitigate the situation, we are looking at

the possibility of alternative supply chain vendors to overcome these barriers," he said.

Leon Fuat Bhd executive director Calvin Ooi Shang How expect domestic steel prices to rise in tandem with markets overseas as there are knock-on effects from the disruptions to the supply chain in terms of raw material and logistics cost.

When asked if the rising steel prices will be potentially pushed to consumers, he said this depends on the industry and sector.

"If steel prices continue to rise in tandem with other costs, businesses will inevitably pass through the costs to consumers," he said.

Calvin said the strategy is to sustain the business and ensure that any price hikes are gradual and do not disrupt the company's operations and customers.

"We are working closely with steel producers to secure the supply needed at competitive prices to fulfil customer requirements," he said, adding that the company will continue to monitor purchases closely, including the foreign currencies critical to global commodity prices, which in this case is the US dollar.

Victor said currently, the direct impact is still minimal, but there is always the potential for immediate risk in the long run if the conflict continues.

"We believe that most domestic steelmakers have been cushioned with raw material stockpiling and diversified

procurement for now," he said.

Victor noted that the international price trend influences the trajectory of domestic steel prices, for example, trends in China will affect Malaysia as they account for more than half of global crude steel production.

"So far, our domestic steel bar prices have been below China's market price, but this may soon change as the conflict has rattled the global commodity market with ripples spilling over to logistics and freight costs, resulting in delays and higher operational costs," he said.

2022-03-17 11:26

s3phiroth

Revival of mrt3 project also benefit the local steel industry. Collect now while it is still cheap.

2022-03-17 11:29

hoot9e996

man i hear this mrt3 project since last year. is this recycle news or something?

2022-03-17 15:24

toypoodle

So quiet

2022-03-18 11:28

nicholas99

hello.. run.

2022-03-18 11:28

densim

How will the RCEP effect the steel ind. ?...

2022-03-22 22:42

hoot9e996

yay LION time to soar again. gogo metal counters :) lama you tidur

2022-03-24 09:26

CSOON 77

Engine Start

2022-04-04 18:45

hoot9e996

hmmmm

2022-04-12 16:32

DestinyL

Cash on hand means nothing if they can't generate profit. Depending on management, you may or may not be a beneficiary of the cash on hand

2022-04-16 18:09

VTrade

Period of Time of hold cash
How 2 use cash after hold it along tat time

2022-04-17 10:05

stockraider

They plan to invest & revive megasteel coil manufacturing with the cash loh!

2022-04-17 13:57

wallstreetrookie

It doesn't matter. Lion Industries will go up soon when retail bagholders stop holding

2022-04-19 10:00

flyhub888

soar lion soar!

2022-04-20 13:27

TeckGor

KASI NAIK!!

2022-04-20 13:33

TeckGor

lion roar, lion soar

2022-04-20 13:33

TeckGor

pun intended

2022-04-20 13:33

flyhub888

global steel price is rising while we sleeping. 2moro woke up to see lion soar again. roarrrr

2022-04-21 01:03

flyhub888

dropping.. not a good sign

2022-04-24 18:55

TeckGor

construction no move steel hard to move, hopefully govern bring in or create more good news as catalyst

2022-04-27 14:38

densim

Big disappointment...

2022-05-26 20:47

YoongGer

msia market srsly need more good news and catalyst

2022-05-30 13:53

YoongGer

else we cant attract foreign fund to come in

2022-05-30 13:53

LeoLionLin

Raw material will having price adjustment soon

2022-07-12 11:49

bullmarket1628

Sailang all my belongings till underwear to buy in Lionind
at @0.30

Heng ah, Ong ah, Huat ah !

2 months ago

bullmarket1628

Top up more Lionind at @0.295

Heng ah, Ong ah, Huat ah !

2 months ago

happycool

0.295 All sell to you , what happen ya ?

2 months ago

bullmarket1628

happycool, thousands thank you to you first !
yes, you got how many Liondind shares just sell it all to me ya, I’m willing to absorb all your Lionind shares at @0.295

Heng ah, Ong ah, Huat ah !

2 months ago

AbdulKarimusk

resignation of auditor. the books must be too smelly

2 months ago

bullmarket1628

Sailang all my belongings till underwear to buy in Lionind at @0.285

Heng ah, Ong ah, Huat ah !

2 months ago

Consultant

Bullmarket always lose money one lol

2 months ago

Winner38

Dropped to 0310..Next week.again drop. Then leverage kawkaw.. Ini Kali lah... $$$

1 month ago

Winner38

Nice trading.. Up abit sell. Then buy in again.. And wait.. Hehe

1 month ago

ernest60

when want to come? can tip sikit? haha

3 weeks ago

U1818

Roaring Lion....Go Go Go

2 weeks ago

Tripaka

So quiet..

2 weeks ago

Khoo TP

Masteel still very strong today. But other steel stock no power at all

2 weeks ago

Winner38

Waiting for another Big Show.. Coming soon.. Masteel aldy showed his power..

2 weeks ago

Cheah5555

Bonus issue of warrant: 2 for 1 soon & suggest keeping for some time, you will be rewarded once the economy recovers.

1 week ago

Winner38

When warrant issue?

1 week ago

hng33

bought lionind at 39sen

5 days ago

hng33

Accumulated more lionind, all at 39

5 days ago

pampers

@hng33, apa cerita about lionind, what's make u all in?

4 days ago

Winner38

Past few days everyday Up abit.. Soon gona break 45 soon.. Yihoooo

3 days ago

Winner38

Next week TP before bonus issue? 045?050?

3 days ago

Post a Comment