Sarawak state emergency (localised) extended till 2nd Feb 2022.

MOO is hang jebat incarnations

But CMSB closed green mah. This show nothing much can be squeeze more.

Its all due to rumours surrounding our political landscape where else major markets mostly at record high. Today results from Maxis, WPRTS, MI, unisems are still good. Smaller companies are still profitable but if a prolong lock down without clear directive, all these companies will crumble 1 by 1 due to chain reaction.

Government strategy totally failed especially with MCO 3.0
1) Malaysia is among highest covid case per population
2) KLSE is worst performed market place.

PM NEED TO ACT SWIFTLY TO ADDRESS ALL ISSUES.

PH also hopeless, when government declare emergency last time they put on a fierce objection. Now revoked EO also make noise.

Malaysia need new blood politicians. Vote for young professional as ur MP, all old guards need flush away.

Too many peanut holder kacau kacau. Want sell just que. Let the operator do their job.


SHHHHHH!!

Shhh!!

Great to see tai soh (epf & TH) stop the silly dumping. I predict fund most likely retain the remaining. When every clear again, tai soh will buy higher from u, wakaka!!

@woodswater, since u are convinced that covid case will prolong, why not sailang on your Topglove. Have u do it?? Do not take action that contradict your belief.

@yumchar, people panic buying now.

We are at stage 6. Once's bankers had enough sky is limit.

Not SPRM, its SPR

Conspiracy Theory :

1) Big whales starts dumping "baby" at peak Rm2. 52, where most tickets is acquired at low during bekir margin call time. Rate of dumping, slow with very big gain.
2) purposely leak out internal wrong doing CBT by CFO, market panic, rate dump intensify by whales(still gain) coupled by fund selling EPF & Tabung haji. Retailers join in to savage what ever paper gain. RM2. 2 to to RM1. 8
3) some retailers and some big sharks try fighting back. Whales will sell when price try reversal prompting price to deep further. More shareholders (those at penthouse) starts to cut lost after support after supports fail to hold. CMSB delay finding and no +ve news on current issue. RM1. 8 - RM1. 4
4) Whales dump the balance holding akin the final nail to the coffin. RM1.4 - RM1. 2. meagre gain/break even/small lost.
5)retailers lost hope kept selling. Bad market days due to MCO RM1. 2 - RM1. 05

6) Big funds mostly insiders start to accumulate big. Whales of same allegiance collect too and will block/hand brake until collection is done.
RM1. 05 - RM1. 30
7) release news 3rd party audit by KPMG is of min damage. IN ACTUAL CASE COM. FINANCIAL RESULT ARE INTACT, no evidence of tempering. KPMG report the facts only!!!
8) whales release handbrake, a gentle push and market react positively/cheering to the announcement by buying back aggressively knowing BABY is a gems.
9) State government announce dissolve of State Assembly after audience with Governnor(Peh MOH) and pending election date from SPRM.
10) CMSB surge higher day by day good news 1 after another.

Election Fund Mission accomplished!
Early birds, BILIS with patience too got their shares.

HAPPY ENDING, THE END.
author : luckyboy.

Sry not taiko, more like godfather!!!

Even before any tenders(projects) result out, market already starts to speculate who eventually the benefactor will be. The amount involved will determine the surge of share price too.

CMSB is well known Taiko of the East.

Elections = ancient warfare

One of the most important elements in ancient war is grains (fund/political funds). There is Chinese proverbs say " San Jun Wei Dong, Liang Cao Xian Xin" which translate one need to move your grains ahead before you mobilise your 3 battalions to war.

Why funding that important?? From pamphlets, banners, flags, posters, CSR, community dinner during campaign talk, RENT-a-crowd, cyber walfares and etc need money. The chances of victory is moving proportionate with the size of funding.

Where to find fundings?? Jibby famous tagline "donation". Law limit 200k donation max per individual or group 4 MP constitution.

If I were a Foochow Boss, the eassier way to contribute is to goreng when the receipant have interest in a listed entities. Ask any Sarawakian who are there Foochow boss. This is absolutely legal.

Goodies(gula-2) : what r the wishlists of people of Sarawak?

ANSWER : 1)lnfrastruture and 2)development


1) City folk like u, cannot imagine rural voters will vote just for a simple tar road, community hospital or school, lnternet access, proper paip water or electricity.

2) its norms for current ruling party to announce projects(development) be4 election. What is BABY(cahaya mata) core business?? Project win share goes up, crony too get thier shares.
1 stone kill 2 birds.

Gap u Monday??

Always not too late(correction)

https://m.malaysiakini.com/news/583369

Foreign Chambers stern warning will pressure government U turn fast. Mr K wrote and argue that soon all all FDI will leave Malaysia.

He is either totally wrong or comments with personal agenda to his advantage. I'm neutral but the way KOON flip flop in his words and especially used loud speaker to announce market going to collapse with weak arguments after he sold is totally UNETHICAL.

U TURN U TURN.

I have advice investors not to Panic, and those ppls kept nagging with covid cases and closure of factory can eat ur humble pie.

It's always no still late, ALL STEEL AND ALUMINIUM COUNTERS are very much under value and thier profits were to stay at least 2 years.

Aiyo, adults population almost done. Now focusing on tertiary studies group. Children below 12 no directive yet from MOH. Banyak banyak vaccine buat apa??

MOH need all the fire power concentrate in Klang valley now to dose the ring of fire. Priority on every working adults, immigrants and illegal workers ASAP. Only this all Malaysians will be save.

Abang Jo, will surprise u any time soon.

Lelong

This CMSB, if kerat kasi timbang Dan leong, harga pun lebih banyak dari sekarang.

EPF sell because dividend yield getting lesser this 2 years. I believe even through trimming down it will still hold a sizable shares >5% in cahaya. Current challenging time, BOD reduce dividend, normal ma.

I come here NOT for. dividend but 80%-150% CAPITAL GAIN. muak!!!!

Worst already passed, a small +ve catalyst will send share price rocket High. I foresee price will show a clearly uptrending bias once enter SEPT2021.

Patutlah belis lose money, cheap cheap dun dare to buy.

Cheers!!!

Singgah Penang ke London??

Lucky in yesterday.

TP 2.0

Lsteel Station in Prai, Penang. In phase II already.

Going up slowly!!

Sky is clear, prepare for take off.

Sky is clear, prepare for take off

https://www.investing.com/news/economy/asian-shares-lower-on-us-inflation-jitters-2557299

US FED chair Powell's dovish remark :
1) delay tapering, continuing of stimulate the economy.
2) boost economy and employment growth.
3) easy on clamp down on inflation, means commodities price are more rigthfull determine by market force rather than artificial.

VERY GOOD NEW for commodities.

https://www.investing.com/news/economy/asian-shares-lower-on-us-inflation-jitters-2557299

US FED chair Powell's dovish remark :
1) delay tapering, continuing of stimulate the economy.
2) boost economy and employment growth.
3) easy on clamp down on inflation, means commodities price are more rigthfull determine by market force rather than artificial.

VERY GOOD NEW for commodities.

https://www.theedgemarkets.com/article/entire-country-expected-move-phase-2-ppm-early-august-says-dpm

Within my expectation, I said be4 Cabinets will do U turn even the 3 keys fulfillment not met altogether. It earlier than OTB Conservative prediction. (September)

PN need to prioritise on protecting lifehoods at the same time protect lives.

Simple mah, economy collapse where to find money fight covid and protect live? the more they delay, is akin say bye to GE15. malays revolt.

Covid is very infectious but the mortality rate is rather low and those with cormobilities are the high risk group. The total number of patients in ICU and need ventilation support is less than 1500 per day. Go divide by the numbers of hospitals we have. I think 1 small China district hospital can do better. This issue need to solve fast with every single cent from budget channel from heathcare budget allocation, dun play play anymore!!!

https://www.theedgemarkets.com/article/entire-country-expected-move-phase-2-ppm-early-august-says-dpm

Within my expectation, I said be4 Cabinets will do U turn even the 3 keys fulfillment not met altogether. It earlier than OTB Conservative prediction. (September)

PN need to prioritise on protecting lifehoods at the same time protect lives.

Simple mah, economy collapse where to find money fight covid and protect live? the more they delay, is akin say bye to GE15. malays revolt.

Covid is very infectious but the mortality rate is rather low and those with cormobilities are the high risk group. The total number of patients in ICU and need ventilation support is less than 1500 per day. Go divide by the numbers of hospitals we have. I think 1 small China district hospital can do better. This issue need to solve fast with every single cent from budget channel from heathcare budget allocation, dun play play anymore!!!

2) Steel industries is a volumn game business.

Many thought MCO 3.0, only essential business operates. The truth is the back door is wide opened as we can see the daily infections numbers is not lowering. If every one duduk diam diam, the only answer to this increasing trend is people got infected by mosquito bites, hahaha!!

So it's not surprise for the well manage ctns still able to deliver a profitable coming quarterly results.

BUY if you are convinced with OTB explanation on 2 important VARIABLES as below :

1)DEMAND (sales) = S
2) ASP(net margin) = Y, at current lv already good enuf, but OTB DATA points to increasing margin.

If you were compare the revenue and output per metric tonnes produce(estimations as no accurate direct data) many Mills is not running at FULL capacity. So the sluggish coming qtr will be compensate once lockdown ease to cover the vacuum of low production (shortage in market) with ramp up of outputs.

PAT = S (Increased) x Y (Increase)

The best is yet to come, important for investors to always stay invested, more patience and pick a good entry points while price is week.

Very well written, logical explanation and full of supporting facts.

I would like to share the below that I think important to sustain of earning 4 steel industries.

1) Anti dumping duties will shield local s/industries from importers with products from Indonesia, Vietnam. Unreasonable cheap dumping is a major issue that had plague steel players for many years esp low seasons/demand.
These importers normally consist of small grouping individuals will take advantage of loophole on import duties on kastam lists besides spot price diff of locally made products.
They have the upper hand cos steel manufacturers need to address the costing issues like iron ore, coal, manganese besides to take care thousands of rice bowls of staffs and storage, maintaince of facilities and logistics. Its very lucrative business since we talk about millions per shipment with just 2/3% margin. Its much straightforward minus the hedging which I can say they are manipulators that have cause steel Mills to bleed years after years in order to compete.

With better communication, collaboration bet MITI and players this leakage can be addressed better. Currently there is 7 to 30% tax impose depends on products and countries origin.

I can only do moral support here. Out of all steel ctns only leonfb show abnormal selling pressure.

Consecutive 3 green bars. Bursa a weird market!!

Lastest update : 13th JULY 21, 1.05pm

3) Hongxing iron & steel (shanghai) +2.8%
4) Chongqing iron steel (shanghai) +3.04%
5) Inner Mongolia BaoTou (shanghai) +10.10%
6) Hebei Steel A (shenzhen) +1.64%

7) Steel Rebar (derivative) +2.24%

Wong eng ( precision metal)

I don't hold any leonfb shares but I have interest in other steel and aluminium ctns.

I enter Leon at 0.4++ and WONG ENG @ 0.6++ and took profit profits when I though already good exits. I never regret nor comdemm even though price cont to surge to my surprise. That really distinguished bet me and naysayers that I'm truly a gentleman. In fact I salute u guys to have the guts to buy higher from me and deserve the reward.

Share really about patience and 4 those investors, take advice from OTB and look at a larger prospective.

To investors : if worried, trim down ur holdings and sell at reasonable price, don't panic


Always got back up fund if conditions not on your favour. I can say Leon would not correct much from rm1.

I SINCERELY WISH EVERY LEONFB SHAREHOLDERS BEST OF LUCK AHEAD!!!

Newton 3rd. Law of Motion :

1) when speculators shout RUN, the price(mass) do not inches back and rather going up in time.

U must buy

2) consequently when they say BUY BUY BUY, price do not inches up and slowly slip, then u really gotta run 4 ur live.

They r not ##### to ignore the consequences of the warning from Fdi.

1st EUROCHAM then US Chambers of commerce and latest directly to MOO is Japan and Germany Chambers. Cabinet going to U TURN TOO.

9th JULY 2021, major steel and aluminium companies listed in US, China are showing encouraging closing bet 3% to 9% intra day gain.

Below are among some listed peers for your reference :

Alumium :
1) Acronic Corp (NYSE) +4.9%
2) Alcoa Corp (NYSE) + 5.88%

Steel :
1) Arcelor Mittal ADR (NYSE) +5.09%
2 Posco (NYSE) +3.78%
3) Hongxing iron & steel (shanghai) +6.38%
4) Chongqing iron steel (shanghai) +4.37%
5) Inner Mongolia BaoTou (shanghai) +10.06%
6) Hebei Steel A (shenzhen) +2.98%

One should look at the 1 year charts to have better understanding of the movement of price.

Summary : bigger companies tend to have prices traded at 52w High and testing the resistance with smaller peers shown tremendous recovery of 30% ++ from recent correction.

These speculators are fast, loaded will jump back in no time once smell opportunity. They will either keep quite or shout/paint another 180° stories later.

KYY just tell the 1/2 truth story that steel coming quarter profit wouldn't be good and even my 10 years old daughter know as its FORCE to closed and most importantly is not because no demand. What disgust me is the so call ex-engineer of ijm/gamuda paint that all projects like ECRL, duke2, MRT2, DASH, pan borneo EXPRESSWAY, KVDT2, LRT3, MRT3, residential, commercial development going to left IDLE unattended. NO WAY, IT'S ALL ON CONTRACT!!!

the status quo of current covid and political situations can be solve by vaccination. Agree??
Check with your family members, friends, relative or neighbours who age bracket (30-40) and see whether the have get appointments slot from my sejahtera apps. I see a very big improvements in 2 weeks time.

Haha! now the battles bet investors and speculators. The later mostly had exited, taking profit, some cut lost, some still holding smaller quantities compare earlier but they are always watching closely on Leon.

They always take hints, clues from bigger market when speculating on Shares. PER 2,4 or 30 are just numbers to them. What matter most is fast money and deep inside they know these commodities ctns are making good profit due to extraordinary DEMAND going forward.

The hints I mentioned is price movement shown on charts/graphs of same peers' listed in bigger markets that I'm going to share later. One will notice most klse listed steel/aluminium share the same characteristics/patterns with price dramatically going up starting March 2021 and gradually slide due to China and US clamp down.

THE PATTERNS MIRRORING ONE ANOTHER!!!

I can tell u, others market already show a strong 2ND WAVE coming, local will COPY fast.

Price correction had touched near the starting point of last up trend of 0.6.

Its best time to :

BUY
ADD EXTRA
REENTER

9th JULY 2021, major steel and aluminium companies listed in US, China are showing encouraging closing bet 3% to 9% intra day gain.

Below are among some listed peers for your reference :

Alumium :
1) Acronic Corp (NYSE) +4.9%
2) Alcoa Corp (NYSE) + 5.88%

Steel :
1) Arcelor Mittal ADR (NYSE) +5.09%
2 Posco (NYSE) +3.78%
3) Hongxing iron & steel (shanghai) +6.38%
4) Chongqing iron steel (shanghai) +4.37%
5) Inner Mongolia BaoTou (shanghai) +10.06%
6) Hebei Steel A (shenzhen) +2.98%

One should look at the 1 year charts to have better understanding of the movement of price.

Summary : bigger companies tend to have prices traded at 52w High and testing the resistance with smaller peers shown tremendous recovery of 30% ++ from recent correction.

9th JULY 2021, major steel and aluminium companies listed in US, China are showing encouraging closing bet 3% to 9% intra day gain.

Below are among some listed peers for your reference :

Alumium :
1) Acronic Corp (NYSE) +4.9%
2) Alcoa Corp (NYSE) + 5.88%

Steel :
1) Arcelor Mittal ADR (NYSE) +5.09%
2 Posco (NYSE) +3.78%
3) Hongxing iron & steel (shanghai) +6.38%
4) Chongqing iron steel (shanghai) +4.37%
5) Inner Mongolia BaoTou (shanghai) +10.06%
6) Hebei Steel A (shenzhen) +2.98%

One should look at the 1 year charts to have better understanding of the movement of price.

Summary : bigger companies tend to have prices traded at 52w High and testing the resistance with smaller peers shown tremendous recovery of 30% ++ from recent correction.

As for LBA, price would not stay low 4 long. After 2 months of sideway, I foresee price will break and moving up strongly.

International peers traded at PER 17x.
Lba is just traded at x5. 88.

With Per of 8x price should be 1.36

Its a barginal buy with free titbits of BI and 4.375 cents dividend.

BUY BUY BUY!!!!

9th JULY 2021, major steel and aluminium companies listed in US, China are showing encouraging closing bet 3% to 9% intra day gain.

Below are among some listed peers for your reference :

Alumium :
1) Acronic Corp (NYSE) +4.9%
2) Alcoa Corp (NYSE) + 5.88%

Steel :
1) Arcelor Mittal ADR (NYSE) +5.09%
2 Posco (NYSE) +3.78%
3) Hongxing iron & steel (shanghai) +6.38%
4) Chongqing iron steel (shanghai) +4.37%
5) Inner Mongolia BaoTou (shanghai) +10.06%
6) Hebei Steel A (shenzhen) +2.98%

One should look at the 1 year charts to have better understanding of the movement of price.

Summary : bigger companies tend to have prices traded at 52w High and testing the resistance with smaller peers shown tremendous recovery of 30% ++ from recent correction.

Bursa Security granted written approval to LBA regarding BI today.

2 resolutions which is BI and dividend need to be approved by shareholders during AGM at August.

Good lucky!

It's definitely NOT going to dilute. U get back the same value after BI. its just price is dynamic proir ex, can up or down.

Think +ve, if after ex price remain around 0.5++ and result is good, many investors will buy cos price become affordable in general.

The PER now only 5.88.

Eg last trading price be4 EX-BI is 1.1

Then TARP will be 0.63

@dexeric, I think u a bit confuse.

FORMULA :

TARP = closing market price of LBA prior ex (X)

Number of share be4 bonus ÷ no of share after bonus

0.88 is worst scenario to fulfil bursa's rules.