steel product will have demand in whatever economies condition and wont be die it is categorised in cyclical product Buy in low and in bad economies situation like now U will be rewarded in future
Oh My goodness ! LSTEEL closed at 0.34 (0.065) (+23.6 %) ! Tommorrow LSTEEL probably will continue spike up and opened at=> RM0.40 (+0.06) (+17.6 %) and closed at 0.50 (+0.16) (+47.1 %) Keep it up LSTEEL !
All steel theme including Lionind, Masteel, Hiaptek, Mycron, Melewar all spike up but LSTEEL is the most hugh spike up in percentage... so other steel counters now still can sailang coz they still in early of spike up stage...
I think bull market is coming because of this budget 2021 which going to held on 6th November soon !
GEORGE TOWN: A section of a steel factory at the Perai Industrial Park exploded this evening, hurting six workers and sending plumes of smoke that were visible from Penang island.
In the 4.28pm incident at the Ann Joo Steel Factory, a team of 15 firemen from the nearby Perai fire station put the flames out in 15 minutes.
Perai fire department operations chief Azrul Khairi Abu Bakar said the incident took place at the smelting section in a 3-storey building, where a 1,000 degrees Celsius furnace was located.
He said 30% of the section was damaged.
“We are now cooling down smelted steel. A forensic team would investigate the cause of the incident tomorrow after the metals cool down sufficiently,” he said when contacted.
Azrul said the six workers, all in their 40s, who sustained minor injuries were sent to the hospital for treatment.
Live: Muhyiddin's emergency plan rejected by Malaysia's King Malaysia's King has rejected a proposal by Prime Minister Muhyiddin Yassin for a state of emergency to be imposed because of the coronavirus crisis. Follow the latest updates here.
6.40pm Malaysia King says no need at this time to declare emergency
Malaysia’s king, Sultan Abdullah Ahmad Shah, on Sunday rejected a proposal by Prime Minister Muhyiddin Yassin for a state of emergency to be imposed because of the coronavirus crisis. The palace said the Malaysian government has managed the pandemic well and is capable of continuing to manage the crisis under PM Muhyiddin Yassin, reported Reuters. The king also reminded politicians to stop all politicking that could affect the stability of the country.
KUALA LUMPUR (Oct 31): Malaysia reported 659 new Covid-19 infections today, 80.3% or 529 of which came from the worst-hit state of Sabah, while the Klang Valley contributed 10.6% or 70 cases. This raised the country's cumulative positive cases to 31,548, according to the Ministry of Health (MoH). The number of recoveries hit 1,000 today — the country's highest so far in a day — as recoveries exceeded new infections for the second day in the past four days; on Thursday, recoveries came in at 685 versus 649 new infections. This means a total of 21,248 patients have recovered so far, yielding a recovery rate of 67.4% of total confirmed cases. As for active cases, which carry transmission risk, the tally is now down to 10,051 from 10,392 yesterday. The death toll, meanwhile, remained at 249 or 0.8% of total infections, with no new additions. No new infection clusters were reported today, according to the MoH. This means the number of active clusters remains at 33, while 114 clusters have ended. In Sabah, 205 cases originated from existing clusters, while 203 cases were discovered via contact tracing and 121 infections were discovered from other Covid-19 screening tests.
Selangor saw 55 new cases, 18 of which came from existing clusters, followed by 22 from contact tracing, and 15 from other Covid-19 tests. Labuan and Kuala Lumpur saw 12 and 11 cases respectively, followed by Sarawak (nine cases), Perak (six), Putrajaya (four), Kedah (two), Pulau Pinang (two), Terengganu (two), Pahang (one) and Kelantan (one). Meanwhile, 137 cases or 20.8% of total infections today were linked to the prison clusters and temporary detention centres, namely the Kepayan cluster (26 cases) and the Rumah Merah cluster (111 cases). Of the 659 cases reported today, one was an imported infection involving a foreigner who travelled from Bangladesh.
Declining R0 During the question and answer (Q&A) session today, MoH director-general Tan Sri Dr Noor Hisham Abdullah said Malaysia's R0, which measures the contagiousness of the virus, was brought down to 1.5 last week — from 2.2 at the start of the third wave of infections. A higher R0 translates into a higher rate of infection in the community. For comparison, the second wave had an R0 rate of 3.55. “Based on the projection for R0 of 1.5, daily new cases should be 1,357. If the R0 is 1.0, it should be 950 cases per day. However, we have been seeing daily cases of below 950 — at 799 yesterday and 659 today. So our R0 is currently below 1.0. “This means that the measures that have been enforced under the CMCO (conditional movement control order) for the past two weeks — that is, by allowing economic sectors to operate while toning down social, education and sports activities — have resulted in a lower rate of infection,” he added. Tan Choe Choe
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....
RedEagle
3,194 posts
Posted by RedEagle > 2020-05-20 22:58 | Report Abuse
Ready to fly????