Posted by luckyman > 2022-01-17 21:39 | Report Abuse

US inflation rate is now 7%. Most products' prices will go up soon. So the material prices will go up accordingly in a matter of time. So steel prices will go up too. When this happens, Lion Industries will be benefitted.

In an inflation environment, only the consumers suffer the most

Posted by dracohelius > 2022-01-19 16:57 | Report Abuse

luckyman, I read this too, shall this year be about inflation, I'm only interested in stocks that related to commodities

Posted by lamy92 > 2022-01-20 21:39 | Report Abuse

Aluminum continue break.. Stnby guys buy sector metal steel

Posted by Sawadi > 2022-01-25 19:31 | Report Abuse

supplier update said hold order wait after CNY price will drop !!!!

Posted by luckyman > 2022-02-01 12:28 | Report Abuse

https://tradingeconomics.com/commodity/steel

Steel price inching up again

Posted by luckyman > 2022-02-07 11:16 | Report Abuse

Steel price is on the uptrend again

Posted by lim900510 > 2022-02-10 10:31 | Report Abuse

lion roar

Posted by DestinyL > 2022-02-10 12:05 | Report Abuse

Lion is cousin of tiger lol

Posted by MrsLee > 2022-02-10 20:11 | Report Abuse

Nice... tomorrow uptrend again....

Posted by DestinyL > 2022-02-11 10:56 | Report Abuse

Steel inching up again

Posted by luckyman > 2022-02-14 20:32 | Report Abuse

Steel rebar futures fell to CNY 4,800 per tonne from a 16-week high of almost CNY 5,000 hit on February 11th, as demand from construction projects in China has not recovered yet following the Chinese New Year holiday and as production restrictions were still in place in North of China due to Olympics. Still, the steel is expected to resume upward momentum later in February as China’s government plans infrastructure investments in a bid to boost economic stability. .

Posted by MrsLee > 2022-02-14 21:03 | Report Abuse

Tomorrow wil rebound ..

Posted by DestinyL > 2022-02-15 14:45 | Report Abuse

Sure boh

Posted by DestinyL > 2022-02-15 14:46 | Report Abuse

It is now 4.7K

Posted by Jerichomy > 2022-02-16 10:10 | Report Abuse

Yup i agree 5k dont rebound but 4.7k sure tipu

Posted by Jerichomy > 2022-02-16 11:37 |

Post removed.Why?

Posted by Jerichomy > 2022-02-16 12:03 |

Post removed.Why?

Posted by another77 > 2022-02-24 20:36 | Report Abuse

Lion waiting to roar tomorrow

Posted by Noni > 2022-02-25 01:39 | Report Abuse

Look at the result again....are u sure?

Posted by Tobby > 2022-02-25 12:55 | Report Abuse

Wow! What a big fat profit! It's like paying peanut for elephant meat! Now i am so sure Hiaptek will post similar giant profit!

Posted by Tobby > 2022-02-25 13:01 | Report Abuse

I am surprise that the reaction is so mute!

Posted by Learner One > 2022-02-25 15:19 | Report Abuse

Proposed share buyback shows company well aware of the huge profit

Posted by luckyman > 2022-02-26 10:02 | Report Abuse

NAPS = RM2.66 vs share price @ RM0.60

The market could be waiting to be surprised by the massive contribution to be derived from the revival of Megasteel which will be the biggest steel player in Malaysia.

https://www.theedgemarkets.com/article/lion-industries-flat-steel-business-be-revived-proceeds-antara-disposal

Posted by seekingbeta > 2022-02-28 10:15 | Report Abuse

Still got lion show ?

Posted by Heungheungloveyou > 2022-03-05 13:28 | Report Abuse

Lion is ridiculous under value, a cash rich company that never seen in Malaysia steel stock, and the largest flat steel player in Malaysia do deserve a premium but unfortunately the share price didn?t reflect the true value. Potential a good M&A play of its flat steel plant, potential a privatize candidate due to its cash rich position and low valuation.

Posted by Apeinvestor > 2022-03-06 04:16 | Report Abuse

Enter at 0.60 to ride steel price wave

Posted by hoot9e996 > 2022-03-08 13:56 | Report Abuse

any idea why steel counters are dropping still?

Posted by Icon 888 > 2022-03-10 16:33 | Report Abuse

Bye bye

Posted by tamp0i > 2022-03-10 16:59 | Report Abuse

Hi Lion... Any chance I can meet you again kah 0.27? Kekeke...

Posted by hoot9e996 > 2022-03-11 16:44 | Report Abuse

more like HEY LIONIND
WAKE UP!!! BANGUN LAH
arent you cash rich... do something !!!

Posted by hoot9e996 > 2022-03-11 16:44 | Report Abuse

more like HEY LIONIND
WAKE UP!!! BANGUN LAH
arent you cash rich... do something !!!

Posted by Bennychua007 > 2022-03-11 19:45 | Report Abuse

Lionind so mati

Posted by densim > 2022-03-15 21:48 | Report Abuse

so cheap. I am BUYING...

Posted by s3phiroth > 2022-03-17 11:26 | Report Abuse

KUALA LUMPUR: Domestic steel mills are adjusting prices due to the potential increase in commodity prices, as market sources say European long steel prices are expected to rise sharply in the coming weeks.

Asteel Group managing director Datuk Sri Victor Hii Lu Thian said domestic steel millers are also factoring in risks associated with the potential increase in domestic and imported inflation, increase in oil and energy prices and potential disruption in the global supply chain.

"Domestic steel bar manufacturers have no control over the rising steel prices

which has resulted in higher building material costs.

"The rising energy prices in Malaysia also exacerbate this.

"In 2021, there was a 64 per cent increase in natural gas tariff, coupled with a hike in global freight costs. Thus, the conflict has prompted many domestic steel manufacturers to rethink the sustainability of their businesses," he told The New Straits Times.

Victor said that domestic steel manufacturers are currently experiencing an excess of inquiries, but it is important to note that steel allocation in our country is limited.

"We find that the demand in Malaysia is merely spurred by earlier purchases by industry players, such as the construction and automotive industries, so it does not impact their budgeted costs that the global price hike may impact," he said.

Steelmakers across Europe are cutting back their operations as power prices surge to record levels in response to Russia's invasion of Ukraine, Bloomberg recently reported.

Producers of the metal from Spain to Germany are beginning to slow down or entirely stop their output as the higher costs make production unsustainable, even with steel trading near record levels.

Russia's invasion of Ukraine has exacerbated already eyewatering power prices, affecting companies including Acerinox SA, Salzgitter AG and Liberty Steel, it said.

When asked on the company's contingency plan if steel prices continue to soar, Victor said Asteel is taking a more cautious approach to the potential price avalanche to manage safety stock inventory levels better.

"We take this precautionary measure due to a lesson learned from the steel price crash in the year 2008.

"Similar to any steel player, the fluctuation of steel prices impacts us as it impacts our cash flow and also our stock prices.

"We are continuously assessing the impact on our product supply chains, including

surging shipping and insurance costs. To mitigate the situation, we are looking at

the possibility of alternative supply chain vendors to overcome these barriers," he said.

Leon Fuat Bhd executive director Calvin Ooi Shang How expect domestic steel prices to rise in tandem with markets overseas as there are knock-on effects from the disruptions to the supply chain in terms of raw material and logistics cost.

When asked if the rising steel prices will be potentially pushed to consumers, he said this depends on the industry and sector.

"If steel prices continue to rise in tandem with other costs, businesses will inevitably pass through the costs to consumers," he said.

Calvin said the strategy is to sustain the business and ensure that any price hikes are gradual and do not disrupt the company's operations and customers.

"We are working closely with steel producers to secure the supply needed at competitive prices to fulfil customer requirements," he said, adding that the company will continue to monitor purchases closely, including the foreign currencies critical to global commodity prices, which in this case is the US dollar.

Victor said currently, the direct impact is still minimal, but there is always the potential for immediate risk in the long run if the conflict continues.

"We believe that most domestic steelmakers have been cushioned with raw material stockpiling and diversified

procurement for now," he said.

Victor noted that the international price trend influences the trajectory of domestic steel prices, for example, trends in China will affect Malaysia as they account for more than half of global crude steel production.

"So far, our domestic steel bar prices have been below China's market price, but this may soon change as the conflict has rattled the global commodity market with ripples spilling over to logistics and freight costs, resulting in delays and higher operational costs," he said.

Posted by s3phiroth > 2022-03-17 11:29 | Report Abuse

Revival of mrt3 project also benefit the local steel industry. Collect now while it is still cheap.

Posted by hoot9e996 > 2022-03-17 15:24 | Report Abuse

man i hear this mrt3 project since last year. is this recycle news or something?

Posted by toypoodle > 2022-03-18 11:28 | Report Abuse

So quiet

Posted by nicholas99 > 2022-03-18 11:28 | Report Abuse

hello.. run.

Posted by densim > 2022-03-22 22:42 | Report Abuse

How will the RCEP effect the steel ind. ?...

Posted by hoot9e996 > 2022-03-24 09:26 | Report Abuse

yay LION time to soar again. gogo metal counters :) lama you tidur

Posted by CSOON 77 > 2022-04-04 18:45 | Report Abuse

Engine Start

Posted by hoot9e996 > 2022-04-12 16:32 | Report Abuse

hmmmm

Posted by DestinyL > 2022-04-16 18:09 | Report Abuse

Cash on hand means nothing if they can't generate profit. Depending on management, you may or may not be a beneficiary of the cash on hand

Posted by VTrade > 2022-04-17 10:05 | Report Abuse

Period of Time of hold cash
How 2 use cash after hold it along tat time

Posted by stockraider > 2022-04-17 13:57 | Report Abuse

They plan to invest & revive megasteel coil manufacturing with the cash loh!

Posted by wallstreetrookie > 2022-04-19 10:00 | Report Abuse

It doesn't matter. Lion Industries will go up soon when retail bagholders stop holding

Posted by flyhub888 > 2022-04-20 13:27 | Report Abuse

soar lion soar!

Posted by TeckGor > 2022-04-20 13:33 | Report Abuse

KASI NAIK!!

Posted by TeckGor > 2022-04-20 13:33 | Report Abuse

lion roar, lion soar

Posted by TeckGor > 2022-04-20 13:33 | Report Abuse

pun intended