Steel is a commodity and as such you should look at Lion performance over the steel price cycle. Over the past 14 years, it achieved an average ROE of negative 6%. The mean ROE of the Bursa steel companies over this period was negative 1%. From a fundamental perspective you would probably hunt else where if looking for steel companies to invest in.
Lionind one of the few stock that is 30 years downtrend and still standing strong. If it U turn successful and break the downtrend. It will be crazy bullish.
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....
Winner38
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Posted by Winner38 > 2023-02-02 17:04 | Report Abuse
Good job LION, today Up by 4%. Hope can maintain the Power. Need another 10% power up..