U say OTB trying to spite you...while in fact you are the one who keeps trying to hit at him. Just let the market decide. 3 months from now lets see where prices are. No need to write the same stuff over and over again. What u want to achieve? U want everybody cut loss and thank you?
Leon Fuat is on fire sale - Koon Yew Yin Author: Koon Yew Yin | Publish date: Thu, 24 Jun 2021, 11:08 PM
China is the biggest steel producer
China is the biggest steel producer in the world. Since China wants to reduce the use of coal to reduce air pollution, it has reduced steel production and stopped steel export. China requires all the steel for its own property and infrastructure development.
As a result, the price of steel has been going up as shown on the price charAll the steel products makers will benefit because their steel stocks and manufactured goods have also gone up in price. That is why all the steel companies have been reporting increased quarterly profit. Leon Fuat reported the best quarterly profit increase among all the metal stocks. As steel price continues to rise, Leon Fuat will continue to make more and more profit which should be reflected on the share price soon.
Today the closing price is 98.5 sen. Its latest quarter EPS was 11.65 sen. Even if I assumed its next 3 quarter is the same, its annual EPS will be 4 X 11.65 equal 46.6 sen. It is selling at PE 2. That is why I put the title of this article “Leon Fuat is on fire sale”.
Today RHB bought 745,000 Leon Fuat for me. You can call 05-2493279 to confirm my purchase. Today HLIB bought for me 565,000 Leon Fuat for me. You can call 05-2559110 to confirm my purchase. t above. It has gone up about 50% in the last 12 months.
Blog Headlines (by Date) Blog Index All Steel Companies will report better profit - Koon Yew Yin Author: Koon Yew Yin | Publish date: Sun, 27 Jun 2021, 1:25 PM
Currently China is the 2nd richest nation and very soon China will be the richest nation in the world. China has been using coal to produce steel and it has been the largest steel producer and exporter in the world. China is now taking its social responsibility seriously to improve its air quality and its environment. China has stopped steel export. As a result, steel price has risen about 50% in the last 12 months as shown on the chart below.All the steel companies have reported much better profit in their latest quarter. Since steel price is rising, all the steel companies will continue to report increasing profit in the next few quarters.
A few days ago, Astino reported its EPS jumped from 6.43 sen to 8.46 sen for quarter ending April 2021. As a result, its share price also shot up to close at Rm 1.40 per share.
Based on Astino’s profit growth, all the other steel companies will surely report increased profit for their next quarter ending June 2021.
The table below is a comparison of all the steel stock EPS. Leon Fuat is the best. Even if I assume that Leon Fuat’s EPS for the next 3 quarter is the same as 11.42, its annual EPS will be 4 X 11.42 = 45.68 sen. Last traded price Rm 1.02 divided by 45.68 = 2.2 PE ratio.
Best buying opportunity
Covid 19 pandemic is affecting almost all the listed companies. We also have so much of political uncertainty. Moreover, many investors have lost their employment and money in their businesses. As a result, almost all the listed shares are being depressed and many investors are forced to sell their holdings.
Clever investors should take advantage of this fire sale opportunity to buy steel stocks. My largest holding is Leon Fuat
I wonder whether KYY read the comments on his i3 blog article? If he had read it and still come out with more rubbish articles than his skin is as thick as our MO1 "Malu Apa Bossku"
You know what...should we all rang up Mr. Dennis Tan, Secretary General of Master Builders Association at tel 6019-3316282 to verify? If 100 ppl ring him up a day, it will surely keep him occupied especially in the time of MCO. But must also tell him to give credit to Mr. Koon for sharing his number.
All mkt players always got difference of opinion lah. Some buy bcos they think the stocks will go up n some sell bcos they think the stocks will go down.
I just rang 6019-331628x Dennis Txx, Secretary General of Mastex Builder Association, Malaysia to confirm what U just said. The number is closed as well.. xD
dnt listen to this guy. he buy shares, push it up and put few articles almost like a bull trap and then sell off take profit and talk bad about the counters. I'm surprised bursa and SCC don't take action on him
Yes, listen to Kyy with caution. In case you missed my earlier comment, I repost below.
Another example of his con job is :-- He posted the following asking people to buy Supermax on 28.2.2021. [ By the way he had earlier for days asking people to buy this stock. You can check in i3 yourself ]
then on 3.3.2021 he posted the following article tell people he SOLD . He said " Fortunately, I sold all my Supermax about 3 weeks ago instead of buying more at cheaper prices to average down."
Did kyy read Vitrox 2nd Q result (30/6/21). Turnover and profit increase substantialy from 1Q even lock down from june. Let see the coming Q from steel co.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
sherlockman
245 posts
Posted by sherlockman > 2021-07-21 17:08 | Report Abuse
Why do u keep repeating the same point over and over again?? Got nothing better to write...them dont write la knn