Posted by bali > 2017-06-05 14:14 | Report Abuse

Leader Steel, G Neptune, Careplus, K. Seng Seng, PWF, OKA, HIL Industries
TheEdgeMon, Jun 05, 2017

KUALA LUMPUR (June 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and six with negative momentum.

The stock with positive momentum was:

Leader Steel Holdings Bhd – up 6 sen at 62.5 sen

Stocks with negative momentum were:

G Neptune Bhd – up 0.5 sen at 8 sen

Careplus Group Bhd – up 3 sen at 41 sen

K. Seng Seng Corporation Bhd – up 2.5 sen at 55.5 sen

PWF Consolidated Bhd – up 9 sen at RM1.06

OKA Corporation Bhd – down 1 sen at RM1.67

HIL Industries Bhd – up 3 sen at RM1.23

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the "+ve" (suggesting a rising price trend on volume) and "-ve" (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

Posted by angkokann > 2017-06-05 14:15 | Report Abuse

Up very fast. Happy day again

Posted by bali > 2017-06-05 14:31 | Report Abuse

The stock with positive momentum was:

Leader Steel Holdings Bhd – up 6 sen at 62.5 sen

"+ve" (suggesting a rising price trend on volume)

this is the important points

Posted by hornbill > 2017-06-05 17:06 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/05/01/leader-steel-to-make-rebars/

Posted by samsambank > 2017-06-05 19:21 | Report Abuse

4月比去年同期增22%．贸易总额连增5个月 | http://www.klsescreener.com/v2/news/view/240799

Posted by samsambank > 2017-06-05 21:03 | Report Abuse

https://www.bloomberg.com/news/articles/2017-06-05/the-hard-to-believe-steel-shortage-that-s-unfolding-across-china

Good news!

Posted by samsambank > 2017-06-05 22:41 | Report Abuse

Suddenly so many good news....
Tomorrow RM 0.67?

Posted by IVAN2222 > 2017-06-05 23:28 | Report Abuse

“Induction furnaces typically make rebar and as those furnaces are closed down, it’s created a shortage of rebar and the prices have gone up,” Power told Bloomberg Television. “The margins that are being made in rebar at the moment we don’t believe are long-term and as new production comes in, we’ll see those margins comes back to normal.”

While iron has tumbled this year amid concerns about supply, as well as projections demand may slow in China, rebar by contrast has soared. That’s a divergence from the pattern in recent years when they’ve moved in tandem, with Shaw and Partners Ltd and Liberum Capital Ltd flagging the shift. Spot ore with 62% content was at US$57.79 a dry ton on Friday, down 27% this year, according to Metal Bulletin Ltd.

There are signs of a possible shortfall with nationwide stockpiles or rebar in retreat, although analysts say that the trend may now be easing as other producers boost supply. Inventories of rebar in China have shrunk every week since mid-February and are now at the lowest since December.

‘Shortage of Rebar’

“The elimination of some induction furnaces has indeed led to a shortage of rebar in China,” said Xu Huimin, an analyst at Huatai Futures Co in Shanghai. “However, we may be reaching an inflection point as demand has started to weaken and supply is expected to increase.”

Shifts in China’s policy on coking coal have also been behind the split between iron and steel, according to Power, who said he’s seen a “significant change” in the relationship between the two. When coal surges, as happened last year, mills can respond by using more higher-grade iron ore to boost efficiency.

Iron ore’s slump this year has come as supplies increased, including from top producers Australia and Brazil, with Vale SA beginning a four-year ramp-up of its biggest project S11D. In April, Australia’s government said it expects output from the biggest miners to top demand, hurting prices.

Power cited stockpiles of ore held at China’s ports among factors that had hurt iron ore. “As the port stocks come down that will keep a lid on prices,” he said. “But once things return to normal, we should see it trade somewhere around where the global supply curve is.”

Posted by IVAN2222 > 2017-06-05 23:29 | Report Abuse

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.

Read more at http://www.thestar.com.my/business/business-news/2017/05/01/leader-steel-to-make-rebars/#0PGYO323U2s8SXGL.99

Posted by samsambank > 2017-06-05 23:38 | Report Abuse

http://www.enanyang.my/news/20170605/【独家】三利好激励-进口成本降br-钢铁业可旺3年/

Posted by samsambank > 2017-06-05 23:39 | Report Abuse

TP 0.85

Posted by GTMS > 2017-06-06 09:20 | Report Abuse

dropping

Posted by hornbill > 2017-06-06 10:50 | Report Abuse

hold tight

Posted by franz > 2017-06-06 11:23 | Report Abuse

more upside than others steel

Posted by bali > 2017-06-06 13:05 | Report Abuse

By kenaga - LSTEEL had been forming an ‘Ascending Triangle’-like chart pattern over the past year, while it staged a technical breakout from its multi-year resistance-turned-support level of RM0.535 (S1) last Friday on strong trading volume. Yesterday, the stock formed a second white candlestick while performing a technical gap-up, closing 6.0 sen (10.62%) to close at RM0.625. In tandem with that, the bullish convergence of MACD and strong upticks displayed by RSI/Stochastic further lay a hand on the bullish-bias outlook ahead, albeit being in initial stages of being overbought. From here, LSTEEL could look to climb further up towards RM0.63 (R1) and possibly RM0.74 (R2). Support levels are tied at RM0.53 (S1)/RM0.43 (S2).

Posted by hornbill > 2017-06-07 09:39 | Report Abuse

TP 0.74

Posted by Hwai Hooi > 2017-06-09 16:36 | Report Abuse

why drop back?

Posted by tecpower > 2017-06-10 02:39 | Report Abuse

On Friday steel stocks were very strrong. I believe steel stocks in general has just started consolidating. Start buying steel stocks.

Friday

Prestar 7.32%
chuan 1.6%
LeonFb 1.23%
lsteel 1.59%
Ann Joo 0.61%

Posted by anonboy > 2017-06-10 02:57 | Report Abuse

The steel industry is optimistic.

巨型項目支撐前景　建材業「加碼」 | http://www.klsescreener.com/v2/news/view/243191

Posted by tecpower > 2017-06-10 11:46 | Report Abuse

http://www.isaham.my/stock/lsteel

Lsteel fair value updated RM 0.785

Posted by samsambank > 2017-06-10 23:12 | Report Abuse

"The FBM KLCI's support will be located around 1,760. Nevertheless, we think the trading focus will stay within the gloves, semiconductor and steel sectors as volumes have picked up among these industries," it said in a note.
http://m.thesundaily.my/node/452034

Posted by samsambank > 2017-06-11 23:13 | Report Abuse

At the current share price, Leader Steel is trading at 0.6 times its book value.
https://klse.i3investor.com/blogs/sharenews/124823.jsp

Posted by bali > 2017-06-12 08:02 | Report Abuse

榮达經过几次來回洗盤
终於在2/6/17突破長期阻力线53分
在5/6/17, 配合新高成交量
股价关在63分。
大涨之后，股价呈欲罷不能之勢
星期五9/6/17股价闭市在64分。
相信來週还有一番作为

1. 周线已连4红
2. 10日，10周线斜削向上
3. 周量也呈历史新高
4. 股价突破一年新高
5. 外圍也唱好钢铁业

Posted by tecpower > 2017-06-14 22:32 | Report Abuse

https://www.metalbulletin.com/Article/3725101/Chinas-export-prices-for-long-steel-rebound-on-domestic-gains.html

Posted by IVAN2222 > 2017-06-15 18:20 | Report Abuse

Fair Value
iSaham Fair Value: 0.79

Discounted Cash Flow (DCF)5.0% Growth 0.595
Discounted Cash Flow (DCF)2.3% Growth 0.52
Relative Valuation 0.985
Graham Formula 0.535
Graham Number 1.45
Net Tangible Asset MA 75.51

Posted by han68 > 2017-06-16 17:02 | Report Abuse

no support

Posted by Hohup > 2017-06-17 09:26 | Report Abuse

Im out. Thanks for the duit raya.

Posted by app > 2017-06-19 21:22 | Report Abuse

Amanah Saham Bumiputera keep disposing since May from 13% to 6.2% of shares holding. Could anyone tell me this is something good or not?

Posted by Hao1983 > 2017-06-20 08:08 | Report Abuse

@app i see this is a good thing as the share price surged even though the substantial shareholder is disposing since last year...

Posted by app > 2017-06-20 14:16 | Report Abuse

@Hao1983. LSteel's revenue and profit looks promising. It's a good move they are going to produce "rebar" soon. Bought since last week and average at 0.62.

Posted by Kungsing Ting > 2017-06-20 14:37 | Report Abuse

I will hold it until next quarter result. It QR result already prove huge profit.

Posted by GTMS > 2017-06-20 17:15 | Report Abuse

0.55 ...

Posted by Investingold > 2017-06-20 22:14 | Report Abuse

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=8889

Posted by xman44 > 2017-06-21 16:10 | Report Abuse

Been following this stock for quite some times, just collect if u are available now. The rebound is just around the corner.

Posted by gooman > 2017-06-21 20:18 | Report Abuse

Globally, stocks retraced in their last trading sessions, nonetheless market sentiments remained bullish. Rotational play on small stocks to continue

Accumulate stocks on price weakness...

Posted by anonboy > 2017-06-22 08:00 | Report Abuse

Nasdaq was up 0.74%. Dow jones iron and steel index was up 0.06%.

Posted by bali > 2017-06-22 12:13 | Report Abuse

LSteel price has been running side way since break out from 0.53 sen level, on 20-6-17, a significant technical analysis has been formed which signal the bullish reversal candlestick pattern. A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or near its opening price. This pattern forms a hammer-shaped candlestick, in which the body is at least half the size of the tail.

A hammer occurs after Lsteel price has been declining trend, Hammers are most effective when they are preceded by at least three or more consecutive declining candles, possibly suggesting the market is attempting to determine a bottom and simply indicates that the bulls are strengthening. The true confirmation of the hammer candle can only be made when the very next proceeding candle closes with a higher low than the hammer candle.



A Gap occurs when Lsteel price breakout at 3/6/17. The gap is being filled on 20-6-17. A gap closing mean the continuation of previous uptrend pattern shall persist, this shall further stiffer the further upside of Lsteel price in near future.

We shall continue monitor the price movement for the next few days

Posted by bali > 2017-06-23 06:39 | Report Abuse

缺口已補回，在下跌的过程又兩次出现垂子线，隔兩天又出现更高低位线，出了个大阳线，從新啟动上潴趋势，后市向好

Posted by davkitz > 2017-06-23 11:34 | Report Abuse

Nice technical analysis bali...hopefully it goes up...manage to top up some this morning

Posted by Hao1983 > 2017-06-24 16:07 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/06/24/eye-on-stock/

Posted by bali > 2017-06-24 20:17 | Report Abuse

榮达股价已突破十三年的長期下跌趋勢线，这股转强的讯号是非常可靠和强大的

Posted by bali > 2017-06-24 20:19 | Report Abuse

Lsteel price has been violated the 13 year long term declining line, the reversal signal is very reliable and huge.

Posted by TheLegend27 > 2017-06-30 12:49 | Report Abuse

press metal seems have better profit margin compared to lsteel

Posted by han68 > 2017-06-30 17:29 | Report Abuse

drop back 57.5

Posted by i3investorLife > 2017-07-03 12:33 | Report Abuse

How long to the release of quarterly report?

Posted by cemertugus > 2017-07-05 16:47 | Report Abuse

QR will release by end of next month..

Posted by Jona0724 > 2017-07-18 12:50 | Report Abuse

almost all steel stock uptrend today morning. See afternoon can continue or not.

Posted by samhappy188 > 2017-08-01 19:45 | Report Abuse

請問如何得這次的季報什麼時候公布？要去那裡看？

Posted by Stanley Sim > 2017-08-07 09:13 | Report Abuse

Decent Stock

Posted by metalgearsnake > 2017-08-07 09:41 | Report Abuse

golden cross >0 has appeared, time to get in