Thank you Edward & Leoting for the explaination

Annjoo aggressively buying scrap iron locally. Does that mean that Annjoo has lost the advantage of using iron ore as alternative feed ?

@joetay
This Lionind grape is very very sweet. It is still very very cheap @1.23. Taste it now !

@jackfruit LionInd 4q earning will not be fantastic as demand and asp during april-june is low. However 1q 2018 result will be very good as turnover & asp increases significantly

@ SuperPanda ALL local long steel counters ARE attractive now thanks to the anti-dumping duties and rationalisation of steel industry in China

@joetay...
like i said to @albukhary b4, becos of the china factor, i m steering away from local steel stocks.

i m punting into constructions and banks for the time being.

china factor is history. And with steel import protection , china is no more threat to our local steel millers

@ joetay aiya brother, put your money into ssteel now. don't just talk.
I believe both ssteel & lionind will do very well in the next 2 years

@joetay sometimes you cannoot simply dismiss IB's report

Lionind is in its initial stages of turnaround. there is huge profit to be made in a turnaround stock.
That is why RHB Research has a buy recommendation on Lionind. & MoneyGamer says there are plenty of bankers support in this stock.

lion ind dragged down by megasteel. Now megasteel closed shop

Lionind has lower gearing than Masteel, I believe

Low risk at the moment in my view. Careplus management expects the private placement to be completed by the third quarter of 2017, meaning/suggesting they already have the willing takers for the placement shares

On the other hand, if share price goes up to 50 cents, the placement price will be 45+ cents and Careplus will get more than 18.85 millions.........It all depends on whether there are willing takers

@ noobbie please wear your seatbelt
Yes, put on the seat belt before take off

leslieroycarter , It's just the beginning of the steel cycle

csan "US rebar prices are trading at RM1850/tonne"...Never heard of US exporting rebars to Malaysia