Posted by occa888 > 2019-05-27 15:51 | Report Abuse

observations and assumption

2. The NTA for LSTEEL is RM1.10, now it is trading 0.3 x of NTA. More potential upside. The expanding of business still on going. Turnover keep rising YoY.


baseless speculations/ fake news:

1. The management is controlling almost 75% of it share by direct or indirectly. Due to liquidity of share in the open market is less, the price can be easily manipulated.
- are you suggesting or recommending the management to manipulate share price? it's not the 1990s you know, baseless goreng can get you tea time with SC

3. The management keep on buy back his own share up to 3.1% of total share. The management is very confidence of its business and know the market trend very well especially the Founder, they can smell better than a lot of retailers.
- every business man has confidence in their business. But is unrelated to that, buyback was probably for 1. support price 2. company is of the view that the stock is selling cheap on market

4. The really good news for LSTEEL still not yet emerge, but the price of LSTEEL has been rebound from its low of RM0.25.
- and what is this good news?

5. One of the secret weapon for LSTEEL is trading of iron ore and manganese. The increase and stable price of iron ore will lead LSTEEL to more profitable results in coming quarters. Its contribute nearly 20% of group revenue .The price of iron ore is around USD 110 now arising after dam breach in vale , Brazil.
- LSTEEL doesn't trade in iron ore

9. In 19 Feb 2019, MITI has terminated the antidumping HRC from China and Indonesia, LSteel product raw material is HRC. Cheaper raw material mean high profit in subsequent quarter results for sure.
- how does antidumping HRC result in lower raw material cost? didn't you just say iron ore price increase

no comment on technical

6. Theedgemarkets.com highlighted stocks with positive momentum the “+ve” (suggesting a rising price trend on volume)

7. 4 continuously monthly moving average line is in red. This suggest bullish on the price movement.

8. Potentially forming round bottom pattern in the making.