If PE 10, stock price get RM2.40

This is a deeply undervalue stock (PE 3). Maybe somebody is true (said that low PE mean stock price get pulling for any reason). Hopefully it can 'let it go' and flying up to the fair value.

PanjiAlam55/// Lion is daying, corupted UMNO is the Chairman, hehehe,, soon or later he will be investigate by MACC. Lionind die lorrr now

19/11/2018 18:47

PanjiAlam55/// Ku Nan is under investigation soon this Raja Nong Chik will be next.. just wait

19/11/2018 18:49

PanjiAlam55, as a investor, we would like to know what guilty on Dato' Raja Nong. Can you show us something? Thanks very much!

As i saw, Mr kyy are only a very small shareholder in Lion (annual report). He never buy more and more share. So, no need to mention regarding him everytime.

BUY BUY BUY

Y. M. Datuk Seri Utama Raja Nong Chik bin Dato’ Raja Zainal Abidin
(Chairman)
Y. Bhg. Tan Sri Cheng Yong Kim
(Managing Director)
Y. Bhg. Dato’ Kamaruddin @ Abas bin Nordin
Y. Bhg. Dato’ Nik Rahmat bin Nik Taib
Mr Chong Jee Min
Ms Yap Soo Har
Ms Cheng Hui Ya, Serena
Secretaries :
Ms Wong Phooi Lin (MAICSA 7013812)
Ms Wong Po Leng (MAICSA 7049488)

Bagi pihak Lembaga Pengarah, saya dengan sukacitanya
membentangkan Laporan Tahunan dan Penyata Kewangan
Beraudit Lion Industries Corporation Berhad (“LICB” atau
“Kumpulan” atau “Syarikat”) bagi tahun kewangan berakhir
30 Jun 2018.
PRESTASI KEWANGAN
Kumpulan mencatatkan peningkatan pendapatan sebanyak
24% kepada RM3,295 juta bagi tahun kewangan 2018
berbanding RM2,667 juta pada tahun sebelumnya.
Peningkatan ini disebabkan terutamanya oleh sumbangan
yang lebih tinggi daripada perniagaan keluli dan bahan
binaan kita. Keuntungan operasi meningkat 56% kepada
RM181.1 juta daripada RM116.1 juta pada tahun lepas
berikutan purata harga jualan produk keluli dan jualan
tanan (tonnage) yang lebih tinggi. Perniagaan keluli
Kumpulan terus merekodkan jualan yang lebih tinggi
berikutan pengurangan import yang ketara dari China.
Kumpulan mencatat keuntungan sebelum cukai lebih
tinggi sebanyak RM174.5 juta berbanding RM107.4 juta
pada tahun sebelumnya.
Aset bersih Kumpulan meningkat kepada RM1,850 juta
daripada RM1,709 juta pada tahun lalu dengan aset bersih
sesaham yang dicatatkan pada RM2.72, meningkat 21
sen dari tahun kewangan lepas. Kumpulan berada dalam
kedudukan tunai bersih bagi tahun kewangan 2018.
PERKEMBANGAN KETARA DALAM KORPORAT
Pada 3 Julai 2018, LICB mengumumkan Cadangan
Pengembangan Operasi kepada Perniagaan Keluli Rata
(Flat Steel Business) yang melibatkan cadangan korporat
seperti berikut:
(a) Cadangan Oriental Shield Sdn Bhd, anak syarikat
yang dimiliki sepenuhnya, untuk mengambilalih
kesemua aset tetap dan terapung bebas tanggungan
hutang milik Megasteel Sdn Bhd (“Megasteel”)
yang disandarkan kepada para pemberi pinjaman
bercagar Megasteel (“Megasteel Secured Lenders”)
dengan pertimbangan bayaran pembelian kira-kira
RM537.73 juta;
(b) Cadangan memperuntukkan kepada Gelora
Berkat Sdn Bhd (“Gelora”), anak syarikat yang
dimiliki sepenuhnya, kesemua faedah terakru
kepada Megasteel Secured Lenders bagi bahagian
hutang yang tidak dicagar di bawah skim bercagar
Megasteel (iaitu skim persediaan dan kompromi di
bawah Akta Syarikat 2016 bagi Megasteel Secured
Lenders (“Skim Bercagar Megasteel”) melibatkan
pertimbangan bayaran tunai sebanyak RM8.50 juta;
(c) Cadangan Gelora mengambilalih kesemua aset
Megasteel yang bebas hutang (terdiri daripada 2
bidang tanah di daerah Kuala Langat, Selangor
yang tidak disandarkan kepada mana-mana institusi
kewangan) melibatkan pertimbangan bayaran tunai
kira-kira RM24.50 juta; dan
(d) Cadangan pembekalan tenaga elektrik kepada LICB
dan anak-anak syarikatnya di Banting oleh Tenaga
Nasional Berhad untuk kemudahan Cadangan
Pengembangan Operasi kepada Perniagaan Keluli
Rata yang melibatkan pertimbangan bayaran tunai
sebanyak RM35.80 juta.
PROSPEK
Persekitaran operasi industri keluli dijangka terus mencabar
dalam tahun kewangan akan datang berikutan persaingan
yang sengit dalam kalangan para pengilang keluli tempatan
dan juga ketidaktentuan harga keluli. Perniagaan bahan
binaan Kumpulan yang berkait rapat dengan prestasi
pasaran hartanah dan pembinaan akan terus berdepan
cabaran manakala perniagaaan minyak pelincir, produk
petroleum dan automotif dijangka terus memberikan
sumbangan positif kepada hasil kewangan Kumpulan.
Kumpulan akan sentiasa berwaspada dan bertindak balas
segera terhadap perubahan pasaran dan juga meneruskan
usaha-usaha untuk meningkatkan prestasi operasi bagi
tahun kewangan akan datang.

DATUK SERI UTAMA RAJA NONG CHIK BIN
DATO’ RAJA ZAINAL ABIDIN
Pengerusi

Buy buy buy! Everytime i tell buy but no body dare to buy. Later flying up you people only want to chase. Of course at your own risk.

Buy buy buy!!! Maybe got bonus issue.

Buy buy buy!!! No more Warrant B. They should push the Warrant A for incoming Warrant C.

Because BURSA KLSE are too important for Malaysia.

LGE not enough power on KLSE, only PM can fire them.

Indonesian on demand if only XOX wasn't a bilis foreign listing company.

After 5 years to be RM3.00 ... buy before good news!

khatulistiwa, never worry! Not only KYY got shareholding. I can buy it up & up juga :d

Darth, if really got no better choice, company should pay to us like MAS. Dont too worry.

On behalf of the Board, TA Securities wishes to announce that LICB and Megasteel had on 1 November 2018 entered into a supplemental MOU (“Supplemental MOU”) to vary and amend certain terms and conditions of the MOU dated 3 July 2018 entered into between the parties in relation to the Proposals (save for the Proposed TNB Settlement which is now re-defined as the “Proposed TNB Supply”) as detailed in Section 2 of this announcement.

Please refer to the attachment for further details on the Proposed Amendments.

This announcement is dated 1 November 2018

EPS 24.05 ( average 6 per quarter) / PE 3.04 / NTA 2.72 / ROE 8.84 all looking good. Just the time being. See to the coming QR buy more or wait then.

No news, no declaration, no major & director in/out, no report, no meeting, no committee changing....

WHAT THE HELL we been invested?

From upper 60cen++ >> 3cen now!

Just do a fund raising or over-take. Bcos minor retailer pokai cannot enter to secure Sumatec anymore. Need BIG PLAYER to be hero.

Strong momentum! First TP 0.95 / next 1.05

No Eye See! quit

you die 10 tomes they still alife lah.

You dont know how to talk in bursa, better silence like me!

Pleassssssssse DELETE!

Please delete!

Everytime......

khatu, STOP! It is down after you talk!

So, today Lion come or not?

o1o

67 in Cantonese is LOK CART

simple man, 67 but not 76

dadada, now is 67 but not 76

RM2.50 ghost sell to you.

Oftenly

khatulistiwa, you always bo cun one.

bought 78, cut loss. lousy stock, run.......

Tomorrow flying high break RM1.00

Buy more

joetay, m can feeling wat you feeling. Nothing to do,.change id after you get popular.

Bye bye! Keep quiet for 1 month.

Elitetrader, you are right!

dragonslayer, i like to be a newbie. kakakakaka.....

Elitetrader, oic......now i learn a lesson.

BUT

I DO NOT UNDERSTAND WHY FORUM SAAT SAAT SHARING FUN

ok, is my fault!

i respect you too, that·s why sharing idea with you.

Just an ideal, you want to write then write lor.

Just an ideal, you want to write then write lor.

All keep quiet! Up or down also keep silence! Nothing to write then no need to write the no point thing!

khatulistiwa, more and enough lah! More writing more deep! We are better keep quiet and leave this forum. Up or down also keep silence.

Lion bites people dead in the industrial.