Just realized Lsteel is in the iron ore business. Go look at iron ore prices lately...it is at a 7 years high! Coupled with the all time high steel prices...imagine the profits for coming quarter. This will be the next multi bagger stock in 2021!
From the quarterly report, iron ore (minerals division) contributed RM 960k out of the total profit of RM 2.5mil. The remainder of the balance are contributed by the steel division.
Leader Steel Holdings Berhad (Leader Steel) is an investment holding company. The company's activities include manufacturing and selling of steel products and iron ores. Its products portfolio includes steel products such as mild steel hot roll angle bar, square bar, flat bar, and trolley tracks, among others; and steel billets. In addition, Leader Steel carries out processing of minerals which include iron ore, manganese, mill scales, and slags, among others. The company operates through its subsidiaries such as Leader Steel Sdn. Bhd.; Leader Steel Service Centre Sdn. Bhd.; Leader Steel Asia Sdn. Bhd.; and Leader Steel Tubes Sdn Bhd.; among others. Leader Steel is headquartered in Penang, Malaysia.
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....
PARKER
829 posts
Posted by PARKER > 2020-12-03 14:41 | Report Abuse
lsteel RM1 very soon.... get in before too late