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
0.385
Today's Change
-0.015 (3.75%)
Day's Change
0.385 - 0.405
Trading Volume
1,140,600
Overview
Market Cap
276 Million
NOSH
720 Million
Avg Volume (4 weeks)
930,442
4 Weeks Range
0.385 - 0.505
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
0.385 - 0.925
52 Weeks Price Volatility (%)
0.00%
Previous Close
0.385
Open
0.395
Bid
0.385 x 221,800
Ask
0.395 x 57,500
Day's Range
0.385 - 0.405
Trading Volume
1,140,600
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2022 [#1] | 26-May-2022
Next QR | Est. Ann. Date
30-Jun-2022 | 29-Sep-2022
T4Q P/E | EY
0.71 | 141.63%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
2.49 | 0.15
T4Q NP Margin | ROE
16.10% | 21.92%
Market Buzz
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: METALS
Subsector: METALS
Description:
Lion Industries Corporation Berhad (LICB) is a Malaysia-based company, which is engaged in the investment holding and property development. The Company operates through three segments, such as Steel, Building materials and Others. The Steel segment involves in the manufacturing and marketing of steel bars, wire rods, hot briquetted iron and steel related products, and provision of chartering services. The Building materials segment is engaged in the trading and distribution of building materials and other steel products. The Others segment is involved in the property development and management, investment holding, treasury business, manufacture and trading of lubricants, spark plugs and provision of transportation services, agriculture, distributing and retailing of consumer products. The Company through its subsidiary Amsteel Mills Sdn Bhd. is involved in the manufacturing of long steel products. It owns two steel plants located at Bukit Raja, Klang and Banting.
Discussions
16 people like this. Showing 50 of 29,064 comments
Steel rebar futures fell to CNY 4,800 per tonne from a 16-week high of almost CNY 5,000 hit on February 11th, as demand from construction projects in China has not recovered yet following the Chinese New Year holiday and as production restrictions were still in place in North of China due to Olympics. Still, the steel is expected to resume upward momentum later in February as China’s government plans infrastructure investments in a bid to boost economic stability. .
2022-02-14 20:32
Wow! What a big fat profit! It's like paying peanut for elephant meat! Now i am so sure Hiaptek will post similar giant profit!
2022-02-25 12:55
NAPS = RM2.66 vs share price @ RM0.60
The market could be waiting to be surprised by the massive contribution to be derived from the revival of Megasteel which will be the biggest steel player in Malaysia.
https://www.theedgemarkets.com/article/lion-industries-flat-steel-busi...
2022-02-26 10:02
Lion is ridiculous under value, a cash rich company that never seen in Malaysia steel stock, and the largest flat steel player in Malaysia do deserve a premium but unfortunately the share price didn?t reflect the true value. Potential a good M&A play of its flat steel plant, potential a privatize candidate due to its cash rich position and low valuation.
2022-03-05 13:28
more like HEY LIONIND
WAKE UP!!! BANGUN LAH
arent you cash rich... do something !!!
2022-03-11 16:44
more like HEY LIONIND
WAKE UP!!! BANGUN LAH
arent you cash rich... do something !!!
2022-03-11 16:44
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
Revival of mrt3 project also benefit the local steel industry. Collect now while it is still cheap.
2022-03-17 11:29
man i hear this mrt3 project since last year. is this recycle news or something?
2022-03-17 15:24
Steel Rebar futures have climbed to around CNY 5,200 per tonne, a level not seen since October last year, as risks of supply shortages after top steelmaking city Tangshan implemented a lockdown lent optimism to steel bulls. Coronavirus-induced restrictions in top producer China led to transportation disruptions, with most steel mills now facing raw material shortages. On top of that, soaring energy costs on the heels of the conflict have forced steelmakers to increase prices for large steel sections. However, these COVID-19 lockdowns will also dent demand while increasing inventories, limiting some of the upside momenta. Still, Chinese steel demand is set to rebound strongly as the country is expected to unleash more fiscal spending and tax cuts to spur investment and consumption.
https://tradingeconomics.com/commodity/steel
2022-03-30 22:48
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...
Cash in hand is RM721m but the market capitalization of Lion Industries is RM445m only now. NAPS=RM2.66
Even if it doesn't go up, the downside risk should be limited.
Just wait for the surprises from Megasteel.
2 months ago
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
2 months ago
They plan to invest & revive megasteel coil manufacturing with the cash loh!
2 months ago
It doesn't matter. Lion Industries will go up soon when retail bagholders stop holding
2 months ago
global steel price is rising while we sleeping. 2moro woke up to see lion soar again. roarrrr
2 months ago
construction no move steel hard to move, hopefully govern bring in or create more good news as catalyst
2 months ago
Post a Comment
Featured Posts
1
I3investor
2
MQ Trader Announcement!
Apps
Top Articles
1
Koon Yew Yin's Blog
2
3
5
save malaysia!
6
Good Articles to Share
Chinese city of 13 million shuts down again to avoid Covid 'explosion'
7
8
Good Articles to Share
Hot Stocks Today
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DestinyL
Steel inching up again
2022-02-11 10:56