Posted by bali > 2017-05-04 22:22 | Report Abuse

http://www.klsescreener.com/v2/news/view/226823/leader-steel-to-make-rebars

Posted by bali > 2017-05-04 22:22 | Report Abuse

In the star paper thru above link

Posted by bali > 2017-05-04 22:24 | Report Abuse

KLSE Screener KLSE Screener
Leader Steel to make rebars
TheStar Mon, May 01, 2017


Leader steel plans to produce a better quality steel rebars at a much more competitive pricing, (File pic shows Wisma Leader Steel located at Kawasan Perusahaan Bukit Tengah in Seberang Perai Tengah, Penang.)
Leader steel plans to produce a better quality steel rebars at a much more competitive pricing, (File pic shows Wisma Leader Steel located at Kawasan Perusahaan Bukit Tengah in Seberang Perai Tengah, Penang.)

BUKIT TENGAH: Leader Steel Holdings Bhd plans to start production of steel concrete reinforcing bars for the local construction industry soon.

Group managing director Datin Tan Pak Say told StarBiz this was the right time to start production of such reinforcing bars, known also as steel rebars, for the local market.

“The recent imposition of the 13.42% safeguard duty on imported steel concrete bars from 40 countries, which include China, has made it expensive for local hardware companies to buy from overseas.

“With this safeguard duty in place, the imported steel rebars will find it hard to compete with us.

“Leveraging on our existing production facilities, we can produce better quality steel rebars at a much more competitive pricing,” she said.

Tan added that the group had yet to decide which of its facilities in the country would be used to produce the steel concrete reinforcing bars.

Leader Steel presently has plants in Bukit Minyak, Sungai Bakap, Kuching and Klang.

“We are now preparing to start production.

“We can expect this segment of the business to start contributing positively in 2018,” she added.

On the first quarter ended March 31, 2017, Tan said the group expected performance to improve by a double-digit percentage over the same period a year ago.

“The performance would be boosted by the rise in steel pipe prices and the lower prices of essential raw materials such as cold-rolled and hot-rolled coils.

“This first quarter would be one of the top-performing quarters in the past three years,” she said.

Moving on, Tan said the group expected steel prices to remain stable this year.

Currently, the price of locally sourced cold-rolled coils is about RM3,000 per tonne, while the price of imported hot-rolled coils, which is not available in the local market, is hovering around RM2,500 per tonne.

She said steel-pipe prices had been on the rise since the second quarter of 2016 due to the stringent conditions regulating the entry of imported steel products.

“Since late 2013, imported steel products need to have product certificate licensing and a certificate of approval to sell in the country.

“As a result, there is less competition from low-quality steel products from overseas.

“The anti-dumping duties introduced in early 2015 for hot-rolled and cold-rolled coils from China are also beginning to produce results,” she added.

For the 2016 financial year ended Dec 31, the group posted RM6.75mil in net profit on the back of a RM167.3mil turnover.

Posted by timeinvestor > 2017-05-05 09:21 | Report Abuse

Show goes on today.

Posted by 103Ong > 2017-05-05 09:33 | Report Abuse

Huat Huat Huat

Posted by timeinvestor > 2017-05-05 09:57 | Report Abuse

Shares exchanging hands strong. Need a push up!!

Posted by hng33 > 2017-05-05 09:58 | Report Abuse

bought at leader 47.5sen

Posted by hng33 > 2017-05-05 10:00 | Report Abuse

This coming first quarter Q1 to be announcement by these month would be one of the top-performing quarters in the past three years

Posted by hng33 > 2017-05-05 10:13 | Report Abuse

ssteel, masteel, annjoo all rebounding back, leader will follow to return back to above 50sen

Posted by timeinvestor > 2017-05-05 10:23 | Report Abuse

Break 2016 high?

Posted by hng33 > 2017-05-05 11:23 | Report Abuse

Add more at 48sen

Posted by timeinvestor > 2017-05-05 15:06 | Report Abuse

Meletup any time

Posted by PalmerChing > 2017-05-07 21:26 | Report Abuse

sorry I am left behind, any idea why Lsteel NAPS why jump so much from 0.94 to 96 in year 2015 ?

Posted by timeinvestor > 2017-05-08 14:57 | Report Abuse

BOM

Posted by timeinvestor > 2017-05-09 11:31 | Report Abuse

Coming!

Posted by timeinvestor > 2017-05-09 11:32 | Report Abuse

Leon Fuat (Y) (Y) (Y) (Y)

Posted by timeinvestor > 2017-05-09 11:33 | Report Abuse

Prestar leon fuat and lsteel in my portfolio. looking good!!

Posted by hng33 > 2017-05-09 14:45 | Report Abuse

sold off all leader at 49-49.5sen, lock all contra profit first

Posted by timeinvestor > 2017-05-09 15:16 | Report Abuse

not planning to add in again after sold off?

Posted by timeinvestor > 2017-05-11 11:40 | Report Abuse

BOM sekali lagi!!

Posted by timeinvestor > 2017-05-14 22:20 | Report Abuse

When is the agm?

Posted by Kimberlykoh > 2017-05-14 22:31 | Report Abuse

Q~ing 0.47..any news?

Posted by timeinvestor > 2017-05-15 09:48 | Report Abuse

Quarter report coming out soon

Posted by timeinvestor > 2017-05-17 16:34 | Report Abuse

Evday is a sell day

Posted by ttluck > 2017-05-20 10:35 | Report Abuse

time to load more in LSteel since its peers moving agressively...

Posted by timeinvestor > 2017-05-22 16:58 | Report Abuse

Quarter report out this week?

Posted by ttluck > 2017-05-22 17:30 | Report Abuse

its goreng time for steel counter....yeah,..

Posted by timeinvestor > 2017-05-25 15:16 | Report Abuse

today huat ah

Posted by hewiester > 2017-05-26 18:39 | Report Abuse

Resistance 0.535/54

Any sifu knows the TP for lsteel?

Posted by timeinvestor > 2017-05-26 19:05 | Report Abuse

Hopefully as in hopefully hopefully it can break new high like other steel stocks. Hopefully.

Posted by bali > 2017-05-26 20:08 | Report Abuse

One of good results from last 5 financial year, cheer,. The best will come after start production of long bar , become the fifth company to produce long bar after 長钢四俠

Posted by bali > 2017-05-26 21:28 | Report Abuse

Masteel rise too much from 0.75, This conform to buy on rumour , sell once good news confirm

Posted by myportfolio > 2017-05-26 22:28 | Report Abuse

Agree @ Bali! Lsteel hasnt moved that much, unlike masteel. Masteel has been climbing the uphill ladder since April 25th! Lsteel price shot up one day, on may 3rd (bc of news) and then retracted back down, next day. The price movement of LSTEEL isnt artificial, unlike masteel

Posted by Olga > 2017-05-27 05:47 | Report Abuse

congrats to lsteel.. the management can be trusted as said in thestar in early may 2017.. rebar is the new driver for lsteel..

but there is a funny trend happening and i wish it not to happen to lsteel.. as in the case of annjoo.. profit taking..

Posted by hewiester > 2017-05-27 08:14 | Report Abuse

Olga.. those that have moved up alot, will fall back bc goreng kakis are pushing the price ahead of d results. I doubt this will happen to lsteel bc volume has been low n price hasnt moved that much. Be fearful.. if they have moved alot.

Posted by tkk1127 > 2017-05-27 09:21 | Report Abuse

wow lsteel performed excellent result this quarter. Profit after tax jump double from RM1.5m to RM3m. Cash increase from RM1.9m to RM6.4m meaning company. It meaning company able to repay more debts giving more dividend in the future.

Posted by Hao1983 > 2017-05-27 10:08 | Report Abuse

Congrats everyone! lsteel is on the new record high revenue and earning... the price has been very stable compare to 800++ stocks red on yesterday.. with the current unfavourable environment.. the price is undervalued for quite some times.. EPS 6.95 with PE 7.2.. if the PE Is the market average of 8-9.. what the price it would be? thanks to the good management for all the hard works !

Posted by Olga > 2017-05-27 23:26 | Report Abuse

hewiester Olga.. those that have moved up alot, will fall back bc goreng kakis are pushing the price ahead of d results. I doubt this will happen to lsteel bc volume has been low n price hasnt moved that much. Be fearful.. if they have moved alot.
27/05/2017 08:14

i do hope so hewiester.. if not i can add :)

Posted by timeinvestor > 2017-05-29 09:45 | Report Abuse

Seems like repetive pattern occuring again

Posted by samsambank > 2017-05-29 10:09 | Report Abuse

Very low P/ E. Collect the stock more when the price is low. The stock price is likely to surge soon.

Posted by samsambank > 2017-05-29 10:14 | Report Abuse

This stock has not been consolidating much this year. Most steel stocks have been consolidating this year amazingly. Buy the stock now!

Posted by timeinvestor > 2017-05-29 10:16 | Report Abuse

Been holding since low. Just this repetive pattern on each QR dont seem promising. May i be wrong. May there be more bug buyers on this stock

Posted by timeinvestor > 2017-05-29 10:16 | Report Abuse

*big buyers

Posted by timeinvestor > 2017-05-29 10:18 | Report Abuse

Dont mind to buy more if it break out.

Posted by bjgdila123 > 2017-05-29 10:20 | Report Abuse

time to buy... b4 limit up

Posted by timeinvestor > 2017-05-29 10:21 | Report Abuse

Huhuhu1 breakout for good raya angpow!!

Posted by timeinvestor > 2017-05-29 10:41 | Report Abuse

Haha every i3investor here buy 100,000 shares makes perfect sense

Posted by samsambank > 2017-05-29 13:39 | Report Abuse

JHM stock price did not move one day after the release of the last QR. But after that it consolidated so much.

Posted by samsambank > 2017-05-29 15:27 | Report Abuse

http://247wallst.com/commodities-metals/2017/05/24/steel-stocks-to-stay-hot-as-fundamentals-stay-strong-4-to-buy-now/

Posted by tecpower > 2017-05-29 20:23 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/04/22/ann-joo-among-steel-players-benefiting-from-safeguard-duties-for-import-of-bars-and-rods/