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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Wed, 28 Jul 2021, 5:38 PM

 

Leon Fuat is on fire sale - Koon Yew Yin

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China is the biggest steel producer

China is the biggest steel producer in the world. Since China wants to reduce the use of coal to reduce air pollution, it has reduced steel production and stopped  steel export. China requires all the steel for its own property and infrastructure development.

As a result, the price of steel has been going up as shown on the price chart above. It has gone up about 50% in the last 12 months.

 

All the steel products makers will benefit because their steel stocks and manufactured goods have also gone up in price. That is why all the steel companies have been reporting increased quarterly profit. Leon Fuat reported the best quarterly profit increase among all the metal stocks. As steel price continues to rise, Leon Fuat will continue to make more and more profit which should be reflected on the share price soon.

Today the closing price is 98.5 sen. Its latest quarter EPS was 11.65 sen. Even if I assumed its next 3 quarter is the same, its annual EPS will be 4 X 11.65 equal 46.6 sen. It is selling at PE 2. That is why I put the title of this article “Leon Fuat is on fire sale”.  

Today RHB bought 745,000 Leon Fuat for me. You can call 05-2493279 to confirm my purchase. Today HLIB bought for me 565,000 Leon Fuat for me. You can call 05-2559110 to confirm my purchase.      

 

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Labels: LEONFB

Related Stocks

Chart Stock Name Last Change Volume 
LEONFB 0.915 -0.005 (0.54%) 699,900 

  Be the first to like this.
 
stockwin Hahaha.....If you call the above number, obviously RHB would not confirm any details due to banking secrecy !!! good one KYY. But I believe you bought the share. Good luck to you.
25/06/2021 11:04 AM
Joe Ng Now he only can buy in the 100ks as he has lost 90% of his fortune on dayang....
25/06/2021 11:45 AM
Joe Ng When he was in jaks it was in the millions
25/06/2021 11:45 AM
ahbah Esi moni here for all to take lah !
25/06/2021 12:58 PM
ahbah kyy is accumulating, not dispersing lah.
25/06/2021 1:12 PM
Nam Uni 80 cents is fire sales. now is dumbo offload
25/06/2021 1:27 PM
kelvin61 Geezer is again giving false information of the increase in steel prices. Take note that he did not show you the latest month of June 21 where prices have retraced. He will continuously received bad KARMA for lying.
25/06/2021 2:34 PM
ahbah Agreed !!!
25/06/2021 2:38 PM
qqq3333 PE 2 as long as next results not announced and unaudited.
25/06/2021 2:52 PM
s3phiroth kyy is trying to mislead newbies again by showing an outdated steel price chart. He either has no idea what happened in recent months or he is doing it purposely.

This oldman simply doesnt have credibility and integrity. Pui!
25/06/2021 8:22 PM
chtan33 uncle push no power lately... jumping A to B, B to C, C to D...
26/06/2021 7:34 AM
Bgt 9963 Good morning...!
26/06/2021 8:28 AM
LossAversion No harm listening to the almost-senile KYY, if you have the spare cash!!!
26/06/2021 8:32 AM
morganlee Besides Leon Fuat, Astino released great QR too, if uncle KYY's prediction is right, then we are on our way to the moon! If it is wrong, rugi a bit je, since recovery theme is in place and construction post-covid should be greater than during covid. Worth the risk, but bet accordingly to your appetite, as long as it doesn't exceed 20% of your total portfolio in one counter, should be decent.
26/06/2021 9:32 AM
sense maker It’s clear who’s under fire. Just collect more if you love this high-net-debt company.
26/06/2021 9:34 AM
SpeedyBoy The intention of his posting is very obvious ; for people to push up the price
26/06/2021 4:37 PM
arv18 Dun worry, there will be a more fierce fire sale soon. The sale has barely begun!
28/06/2021 2:05 PM


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