Highlights
KLSE: LIONIND (4235)       LION INDUSTRIES CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.265   -0.005 (1.85%)  0.26 - 0.275  3,148,800
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Financials


Market Cap: 191 Million

Market Cap 191 Million
NOSH 720 Million

Latest Audited Result:  30-Jun-2019

Latest Audited Result: 30-Jun-2019
Announcement Date 30-Oct-2019
Next Audited Result: 30-Jun-2020
Est. Ann. Date: 30-Oct-2020
Est. Ann. Due Date: 27-Dec-2020

Latest Quarter:  30-Jun-2020 [#4]

Latest Quarter: 30-Jun-2020 [#4]
Announcement Date 27-Aug-2020
Next Quarter: 30-Sep-2020
Est. Ann. Date: 29-Nov-2020
Est. Ann. Due Date: 29-Nov-2020
QoQ | YoY   -134.84%  |    -100.39%

Annual (Unaudited) ( EPS: -56.01, P/E: -0.47 )

Revenue | NP to SH 2,318,470  |  -403,228
RPS | P/RPS 322.05 Cent  |  0.08
EPS | P/E | EY -56.01 Cent  |  -0.47  |  -211.36%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.72  |  0.15
YoY   -145.29%
NP Margin | ROE -17.07%  |  -32.54%
F.Y. | Ann. Date 30-Jun-2020  |  27-Aug-2020

T4Q Result ( EPS: -56.01, P/E: -0.47 )

Revenue | NP to SH 2,318,470  |  -403,228
RPS | P/RPS 322.05 Cent  |  0.08
EPS | P/E | EY -56.01 Cent  |  -0.47  |  -211.36%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.72  |  0.15
QoQ | YoY   -20.32%  |    -145.29%
NP Margin | ROE -17.07%  |  -32.54%
F.Y. | Ann. Date 30-Jun-2020  |  27-Aug-2020

Annualized Result ( EPS: -56.01, P/E: -0.47 )

Revenue | NP to SH 2,318,470  |  -403,228
RPS | P/RPS 322.05 Cent  |  0.08
EPS | P/E | EY -56.01 Cent  |  -0.47  |  -211.36%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -13.13%  |    -145.29%
NP Margin | ROE -17.07%  |  -32.54%
F.Y. | Ann. Date 30-Jun-2020  |  27-Aug-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2020 27-Aug-2020 30-Jun-2020 4 465,146 -129,304 -130,234 -135,907 - 1,239,063 - % -28.00% -10.97% 680,804 68.32 64.61 -19.96 -18.88 0.00 0.00 1.8200 1.72   -134.84%   -100.39% 30-Jun-2020 0.29 0.42 -1.45 0.16 -68.84% 0.00% 27-Aug-2020 0.30 0.44 -1.50 0.16 -66.54% 0.00%
30-Jun-2020 01-Jun-2020 31-Mar-2020 3 555,193 -55,788 -56,709 -57,871 - 1,402,456 - % -10.21% -4.13% 680,804 81.55 77.12 -8.50 -8.04 0.00 0.00 2.0600 1.95   41.44%   19.81% 31-Mar-2020 0.145 0.18 -1.71 0.07 -58.62% 0.00% 01-Jun-2020 0.24 0.29 -2.82 0.12 -35.42% 0.00%
30-Jun-2020 27-Feb-2020 31-Dec-2019 2 641,729 -96,627 -98,330 -98,831 - 1,443,304 - % -15.32% -6.85% 680,804 94.26 89.14 -14.52 -13.73 0.00 0.00 2.1200 2.00   10.66%   -127.67% 31-Dec-2019 0.40 0.42 -2.76 0.19 -36.29% 0.00% 27-Feb-2020 0.365 0.39 -2.51 0.17 -39.77% 0.00%
30-Jun-2020 29-Nov-2019 30-Sep-2019 1 656,402 -109,398 -110,519 -110,619 - 1,545,425 - % -16.84% -7.16% 680,804 96.42 91.18 -16.25 -15.37 0.00 0.00 2.2700 2.15   -63.10%   -681.96% 30-Sep-2019 0.39 0.40 -2.40 0.17 -41.66% 0.00% 29-Nov-2019 0.33 0.34 -2.03 0.15 -49.24% 0.00%
30-Jun-2019 29-Aug-2019 30-Jun-2019 4 745,983 -53,140 -67,781 -67,822 - 1,695,201 - % -9.09% -4.00% 680,804 109.57 103.62 -9.96 -9.42 0.00 0.00 2.4900 2.35   6.02%   -339.05% 28-Jun-2019 0.53 0.48 -5.32 0.21 -18.80% 0.00% 29-Aug-2019 0.385 0.35 -3.86 0.15 -25.88% 0.00%
30-Jun-2019 30-May-2019 31-Mar-2019 3 693,366 -72,484 -71,195 -72,167 - 1,770,090 - % -10.27% -4.08% 680,804 101.85 96.31 -10.60 -10.02 0.00 0.00 2.6000 2.46   -66.25%   -218.94% 29-Mar-2019 0.54 0.53 -5.09 0.21 -19.63% 0.00% 30-May-2019 0.535 0.53 -5.05 0.21 -19.81% 0.00%
30-Jun-2019 27-Feb-2019 31-Dec-2018 2 798,118 -47,067 -43,174 -43,409 - 1,831,362 - % -5.41% -2.37% 680,804 117.23 110.86 -6.38 -6.03 0.00 0.00 2.6900 2.54   -328.37%   -177.81% 31-Dec-2018 0.50 0.43 -7.84 0.19 -12.75% 0.00% 27-Feb-2019 0.545 0.46 -8.55 0.20 -11.70% 0.00%
30-Jun-2019 26-Nov-2018 30-Sep-2018 1 926,307 20,966 19,105 19,008 - 1,851,786 - % 2.06% 1.03% 680,804 136.06 128.67 2.79 2.64 0.00 0.00 2.7200 2.57   -33.00%   -31.60% 28-Sep-2018 0.975 0.72 34.92 0.36 2.86% 0.00% 26-Nov-2018 0.685 0.50 24.53 0.25 4.08% 0.00%
30-Jun-2018 30-Aug-2018 30-Jun-2018 4 851,501 10,948 27,647 28,372 - 1,851,786 - % 3.25% 1.53% 680,804 125.07 118.28 4.17 3.94 0.00 0.00 2.7200 2.57   -53.24%   688.99% 29-Jun-2018 0.86 0.69 20.64 0.32 4.85% 0.00% 30-Aug-2018 0.95 0.76 22.80 0.35 4.39% 0.00%
30-Jun-2018 31-May-2018 31-Mar-2018 3 919,557 68,463 62,103 60,675 - 1,831,362 - % 6.75% 3.31% 680,804 135.07 127.73 8.91 8.43 0.00 0.00 2.6900 2.54   8.75%   24.43% 30-Mar-2018 0.88 0.65 9.87 0.33 10.13% 0.00% 31-May-2018 0.70 0.52 7.85 0.26 12.73% 0.00%
30-Jun-2018 28-Feb-2018 31-Dec-2017 2 886,425 61,024 58,920 55,792 - 1,776,898 - % 6.65% 3.14% 680,804 130.20 123.13 8.20 7.75 0.00 0.00 2.6100 2.47   100.76%   0.58% 29-Dec-2017 1.42 1.09 17.33 0.54 5.77% 0.00% 28-Feb-2018 1.32 1.01 16.11 0.51 6.21% 0.00%
30-Jun-2018 23-Nov-2017 30-Sep-2017 1 637,312 34,039 32,599 27,790 - 1,736,050 - % 5.12% 1.60% 680,804 93.61 88.53 4.08 3.86 0.00 0.00 2.5500 2.41   672.80%   1,202.78% 29-Sep-2017 1.32 1.41 32.34 0.52 3.09% 0.00% 23-Nov-2017 1.61 1.72 39.44 0.63 2.54% 0.00%
30-Jun-2017 29-Aug-2017 30-Jun-2017 4 753,421 -19,833 5,173 3,596 - 1,708,818 - % 0.69% 0.21% 680,804 110.67 104.66 0.53 0.50 0.00 0.00 2.5100 2.37   -92.63%   100.52% 30-Jun-2017 1.20 1.08 227.19 0.48 0.44% 0.00% 29-Aug-2017 1.04 0.94 196.90 0.41 0.51% 0.00%
30-Jun-2017 25-May-2017 31-Mar-2017 3 755,358 57,518 51,490 48,763 - 1,710,062 - % 6.82% 2.85% 681,300 110.87 104.92 7.16 6.77 0.00 0.00 2.5100 2.38   -12.09%   142.31% 31-Mar-2017 0.705 0.64 9.85 0.28 10.15% 0.00% 25-May-2017 1.08 0.97 15.09 0.43 6.63% 0.00%
30-Jun-2017 23-Feb-2017 31-Dec-2016 2 644,543 69,537 59,296 55,472 - 1,662,900 - % 9.20% 3.34% 687,149 93.80 89.53 8.07 7.71 0.00 0.00 2.4200 2.31   2,301.27%   125.77% 30-Dec-2016 0.405 0.43 5.02 0.17 19.93% 0.00% 23-Feb-2017 0.56 0.60 6.94 0.23 14.42% 0.00%
30-Jun-2017 24-Nov-2016 30-Sep-2016 1 514,170 220 -2,494 -2,520 - 1,616,159 - % -0.49% -0.16% 699,636 73.49 71.42 -0.36 -0.35 0.00 0.00 2.3100 2.24   99.63%   84.71% 30-Sep-2016 0.495 0.67 -137.43 0.21 -0.73% 0.00% 24-Nov-2016 0.405 0.55 -112.44 0.18 -0.89% 0.00%
30-Jun-2016 25-Aug-2016 30-Jun-2016 4 648,680 -743,994 -786,184 -689,310 - 1,609,929 - % -121.20% -42.82% 699,969 92.67 90.11 -98.47 -95.75 0.00 0.00 2.3000 2.24   -498.04%   -499.04% 30-Jun-2016 0.32 0.35 -0.32 0.14 -307.74% 0.00% 25-Aug-2016 0.325 0.35 -0.33 0.14 -303.01% 0.00%
30-Jun-2016 31-May-2016 31-Mar-2016 3 697,721 -124,246 -129,592 -115,261 - 2,284,199 - % -18.57% -5.05% 700,674 99.58 96.92 -16.45 -16.01 0.00 0.00 3.2600 3.17   -569.11%   -181.50% 31-Mar-2016 0.335 0.34 -2.04 0.10 -49.10% 0.00% 31-May-2016 0.35 0.35 -2.13 0.11 -47.00% 0.00%
30-Jun-2016 29-Feb-2016 31-Dec-2015 2 596,539 27,306 25,260 24,570 - 2,400,840 - % 4.23% 1.02% 701,999 84.98 82.86 3.50 3.41 0.00 0.00 3.4200 3.33   249.13%   136.78% 31-Dec-2015 0.29 0.34 8.29 0.08 12.07% 0.00% 29-Feb-2016 0.22 0.26 6.29 0.06 15.91% 0.00%
30-Jun-2016 25-Nov-2015 30-Sep-2015 1 571,981 -11,602 -15,289 -16,476 - 2,396,509 - % -2.67% -0.69% 713,246 80.19 79.45 -2.31 -2.29 0.00 0.00 3.3600 3.33   85.68%   48.53% 30-Sep-2015 0.31 0.39 -13.42 0.09 -7.45% 0.00% 25-Nov-2015 0.29 0.36 -12.55 0.09 -7.97% 0.00%
30-Jun-2015 27-Aug-2015 30-Jun-2015 4 524,986 -144,201 -131,912 -115,070 - 2,404,103 - % -25.13% -4.79% 715,506 73.37 72.92 -16.08 -15.98 0.00 0.00 3.3600 3.34   -181.04%   72.54% 30-Jun-2015 0.35 0.48 -2.18 0.10 -45.95% 0.00% 27-Aug-2015 0.29 0.40 -1.80 0.09 -55.46% 0.00%
30-Jun-2015 29-May-2015 31-Mar-2015 3 672,728 -33,274 -39,968 -40,945 - 2,519,692 - % -5.94% -1.63% 715,821 93.98 93.45 -5.72 -5.69 0.00 0.00 3.5200 3.50   38.70%   -571.66% 31-Mar-2015 0.47 0.50 -8.22 0.13 -12.17% 0.00% 29-May-2015 0.40 0.43 -6.99 0.11 -14.30% 0.00%
30-Jun-2015 27-Feb-2015 31-Dec-2014 2 805,544 -73,337 -85,137 -66,795 - 2,555,821 - % -10.57% -2.61% 715,916 112.52 111.90 -9.33 -9.28 0.00 0.00 3.5700 3.55   -108.66%   -62.21% 31-Dec-2014 0.505 0.45 -5.41 0.14 -18.48% 0.00% 27-Feb-2015 0.47 0.42 -5.04 0.13 -19.85% 0.00%
30-Jun-2015 26-Nov-2014 30-Sep-2014 1 779,155 -28,041 -30,849 -32,011 - 2,613,873 - % -3.96% -1.22% 716,129 108.80 108.23 -4.47 -4.45 0.00 0.00 3.6500 3.63   92.36%   41.08% 30-Sep-2014 0.64 0.59 -14.32 0.18 -6.98% 0.00% 26-Nov-2014 0.56 0.51 -12.53 0.15 -7.98% 0.00%
30-Jun-2014 28-Aug-2014 30-Jun-2014 4 1,213,060 -491,756 -490,671 -419,120 - 2,647,850 - % -40.45% -15.83% 717,574 169.05 168.50 -58.41 -58.22 0.00 0.00 3.6900 3.68   -4,928.02%   -885.84% 30-Jun-2014 0.64 0.38 -1.10 0.17 -91.26% 0.00% 28-Aug-2014 0.705 0.42 -1.21 0.19 -82.85% 0.00%
30-Jun-2014 27-May-2014 31-Mar-2014 3 1,172,911 9,996 8,525 8,681 - 3,070,634 - % 0.73% 0.28% 717,437 163.49 162.92 1.21 1.21 0.00 0.00 4.2800 4.27   121.08%   -78.68% 31-Mar-2014 0.61 0.37 50.41 0.14 1.98% 0.00% 27-May-2014 0.60 0.37 49.59 0.14 2.02% 0.00%
30-Jun-2014 27-Feb-2014 31-Dec-2013 2 1,045,793 -42,577 -41,625 -41,177 - 3,055,993 - % -3.98% -1.35% 717,369 145.78 145.27 -5.74 -5.72 0.00 0.00 4.2600 4.24   24.21%   -507.51% 31-Dec-2013 0.735 0.50 -12.80 0.17 -7.81% 0.00% 27-Feb-2014 0.69 0.47 -12.02 0.16 -8.32% 0.00%
30-Jun-2014 27-Nov-2013 30-Sep-2013 1 1,050,587 -56,449 -54,615 -54,330 - 3,100,470 - % -5.20% -1.75% 717,701 146.38 145.93 -7.57 -7.55 0.00 0.00 4.3200 4.31   -27.79%   -109.59% 30-Sep-2013 0.885 0.60 -11.69 0.20 -8.55% 0.00% 27-Nov-2013 0.79 0.54 -10.44 0.18 -9.58% 0.00%
30-Jun-2013 29-Aug-2013 30-Jun-2013 4 1,238,800 -44,722 -46,200 -42,514 7,173 3,149,185 - % -3.73% -1.35% 717,354 172.69 172.08 -5.92 -5.91 1.00 1.00 4.3900 4.37   -204.42%   43.02% 28-Jun-2013 0.98 0.57 -16.54 0.22 -6.05% 1.02% 29-Aug-2013 0.905 0.52 -15.27 0.21 -6.55% 1.10%
30-Jun-2013 30-May-2013 31-Mar-2013 3 1,232,868 53,732 42,192 40,716 - 3,195,523 - % 3.42% 1.27% 718,095 171.69 171.25 5.67 5.66 0.00 0.00 4.4500 4.44   700.71%   2,257.61% 29-Mar-2013 0.90 0.52 15.87 0.20 6.30% 0.00% 30-May-2013 1.15 0.67 20.28 0.26 4.93% 0.00%
30-Jun-2013 26-Feb-2013 31-Dec-2012 2 1,151,859 -12,340 -2,998 -6,778 - 3,165,470 - % -0.26% -0.21% 721,063 159.74 160.00 -0.94 -0.94 0.00 0.00 4.3900 4.40   73.85%   -196.46% 31-Dec-2012 0.99 0.62 -105.32 0.23 -0.95% 0.00% 26-Feb-2013 0.935 0.59 -99.47 0.21 -1.01% 0.00%
30-Jun-2013 27-Nov-2012 30-Sep-2012 1 1,124,943 -27,048 -24,599 -25,922 - 3,173,829 - % -2.19% -0.82% 718,060 156.66 156.26 -3.61 -3.60 0.00 0.00 4.4200 4.41   65.26%   -193.79% 28-Sep-2012 1.08 0.69 -29.92 0.24 -3.34% 0.00% 27-Nov-2012 0.96 0.61 -26.59 0.22 -3.76% 0.00%
30-Jun-2012 27-Aug-2012 30-Jun-2012 4 1,455,366 -76,678 -78,917 -74,613 7,176 3,193,376 - % -5.42% -2.34% 717,612 202.81 202.16 -10.40 -10.36 1.00 1.00 4.4500 4.44   -4,420.38%   -265.85% 29-Jun-2012 1.22 0.60 -11.73 0.27 -8.52% 0.82% 27-Aug-2012 1.17 0.58 -11.25 0.26 -8.89% 0.85%
30-Jun-2012 24-May-2012 31-Mar-2012 3 1,302,121 10,474 2,883 1,727 - 3,180,558 - % 0.22% 0.05% 719,583 180.95 180.87 0.24 0.24 0.00 0.00 4.4200 4.42   -75.42%   -97.26% 30-Mar-2012 1.37 0.76 570.83 0.31 0.18% 0.00% 24-May-2012 1.16 0.64 483.33 0.26 0.21% 0.00%
30-Jun-2012 27-Feb-2012 31-Dec-2011 2 1,459,594 16,374 15,697 7,027 - 3,269,706 - % 1.08% 0.21% 717,040 203.56 202.75 0.98 0.98 0.00 0.00 4.5600 4.54   -74.57%   -95.08% 30-Dec-2011 1.33 0.65 135.71 0.29 0.74% 0.00% 27-Feb-2012 1.43 0.70 145.92 0.31 0.69% 0.00%
30-Jun-2012 29-Nov-2011 30-Sep-2011 1 1,326,999 36,998 30,224 27,638 - 3,287,845 - % 2.28% 0.84% 717,870 184.85 184.33 3.85 3.84 0.00 0.00 4.5800 4.57   -38.57%   247.18% 30-Sep-2011 1.35 0.73 35.06 0.29 2.85% 0.00% 29-Nov-2011 1.36 0.74 35.32 0.30 2.83% 0.00%
30-Jun-2011 26-Aug-2011 30-Jun-2011 4 1,481,716 59,661 47,496 44,989 28,668 3,253,835 63.72% 3.21% 1.38% 716,703 206.74 205.82 6.28 6.25 4.00 3.98 4.5400 4.52   -28.70%   -62.38% 30-Jun-2011 1.88 0.91 29.95 0.41 3.34% 2.13% 26-Aug-2011 1.52 0.74 24.21 0.33 4.13% 2.63%
30-Jun-2011 24-May-2011 31-Mar-2011 3 1,416,431 72,698 62,155 63,099 - 3,201,610 - % 4.39% 1.97% 717,849 197.32 196.75 8.79 8.76 0.00 0.00 4.4600 4.45   -55.81%   -28.82% 31-Mar-2011 1.80 0.91 20.48 0.40 4.88% 0.00% 24-May-2011 1.67 0.85 19.00 0.37 5.26% 0.00%
30-Jun-2011 28-Feb-2011 31-Dec-2010 2 1,114,946 10,024 191,356 142,781 - 3,145,050 - % 17.16% 4.54% 716,412 155.63 154.87 19.93 19.83 0.00 0.00 4.3900 4.37   860.32%   71.05% 30-Dec-2010 1.97 1.27 9.88 0.45 10.12% 0.00% 28-Feb-2011 1.91 1.23 9.58 0.44 10.43% 0.00%
30-Jun-2011 23-Nov-2010 30-Sep-2010 1 936,041 -36,407 -18,935 -18,779 - 3,010,374 - % -2.02% -0.62% 716,755 130.59 130.02 -2.62 -2.61 0.00 0.00 4.2000 4.18   -115.70%   -126.92% 30-Sep-2010 1.78 1.36 -67.94 0.42 -1.47% 0.00% 23-Nov-2010 1.85 1.42 -70.61 0.44 -1.42% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  14 people like this.
 
hng33 sold lionind at 31.5sen
14/09/2020 12:12 PM
tkl88 Wow, Superb !
Now Parkson already traded at=> 0.295 (+0.20) (+210.5 %) !

Lionind, now your turn to start roaring to break above RM1.00 !

Huat ah ! Heng ah ! Ong ah !
14/09/2020 12:16 PM
tkl88 Wow, Awesome !
Now is only just the beginning of Lionind roaring !
Now Lionind already traded at=> 0.31 (+0.035) (+12.7 %) !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
14/09/2020 12:20 PM
jwyap Lion woke up after son had been showed. term for LIONIND show time afternoon.
14/09/2020 12:46 PM
Benson88 Trapped for few year d sad.
15/09/2020 10:38 AM
tkl88 Walaoeh, What happend ?
Damn hot man Lionind today !
Now Lionind traded at=> 0.315 (+0.01) (+3.3 %) !
Today Lionind probably will be closed at=> 0.50 (+0.195) (+63.9 %) !

Huat ah ! Heng ah ! Ong ah !
15/09/2020 10:41 AM
bahai4453 What so hot?? Never see Lion moves beyond 0.35 before ?? Now only 0.30 ! can go limit up I cut mine...........
15/09/2020 12:23 PM
tkl88 Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !

NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.
18/09/2020 7:29 AM
tkl88 Walaoeh, oil price spike up like mad !
Today Steel counters will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !
18/09/2020 7:55 AM
alanleeky bahai4453 What so hot?? Never see Lion moves beyond 0.35 before ?? Now only 0.30 ! can go limit up I cut mine...........
Ready to cut??
18/09/2020 9:33 AM
bahai4453 Go up 2 cents also got problem. Limit up is not a dream but is a fantasy. Can limit up today I cut mine!
18/09/2020 10:01 AM
alanleeky 'today'...I noticed you added today word....so after today you are no sure ya...hehehehe
18/09/2020 1:09 PM
tamp0i Bored... Sleepy.... Yawn....
18/09/2020 6:19 PM
farlyzz lion still sleeping?
21/09/2020 7:33 AM
bahai4453 金毛狮王正在火冰岛避难,要等2021年,张无忌长大后 ,才带他的屠龙刀才重出江湖!大家要耐心的等屠龙刀重见江湖。
想要知道详情,请电邮到明教总部大教主“目是钉”查问。
21/09/2020 11:09 AM
khatulistiwa1234 Mutter , scrambling later on .
21/09/2020 11:12 AM
alanleeky bahai4453 : if William C seen this he will react immediately ;)
21/09/2020 11:49 AM
Tornado Kalau mau potong, kena buat kenduri "o"....
21/09/2020 6:09 PM
tkl88 Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
27/09/2020 11:43 AM
tkl88 It’s good for our economy, like that next week KLSE will be spike up like mad already !
27/09/2020 11:44 AM
tkl88 Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !
28/09/2020 11:58 PM
tkl88 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY") Proposed disposal by Amsteel Mills Sdn Bhd ("Seller"), a 99% owned subsidiary of the Company, of the hot-briquetted iron plant and business in Labuan by disposing of the entire 100% equity interest in Antara Steel Mills Sdn Bhd ("Antara") to Esteel Enterprise Pte Ltd ("Buyer") for a cash consideration of USD128.00 million (equivalent to RM546.56 million)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3091651
30/09/2020 8:17 AM
alanleeky Finally...
05/10/2020 10:42 AM
tkl88 Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.
05/10/2020 12:07 PM
tkl88 Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards Iron & Steel theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !
05/10/2020 12:10 PM
tkl88 Wow, oil price spike up like mad !
As at 12.03am,
Nymex=> $39.25 ‪(+2.20) (+5.94 percent) !‬
Brent=> $41.35‪ (+2.08) (+5.30 percent) !‬
06/10/2020 12:12 AM
tkl88 ‪Walaoeh ! ‬
‪Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68%) !
06/10/2020 8:10 AM
tkl88 Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77%) !‬
Brent=> $42.68 ‪(+1.39) (+3.37%) !‬
06/10/2020 10:19 PM
tkl88 Wow, oil price continue it’s bullrun !
As at 2.12am,
Nymex=> $41.23 ‪(+1.28) (+3.20 percent)‬ !
‪Brent=>‬ $43.32 ‪(+1.33) (+3.17 percent)‬ !
09/10/2020 2:28 AM
tamp0i Itu dia. Coming up lion yang tua
09/10/2020 3:14 PM
tkl88 Wow, Amazing !
Damn hot man Lionind today ! What happend ?
Lionind closed at 0.27 (+0.015) (+5.9 %) !
Next Monday Lionind probably will be opened at=> 0.30 (+0.03) (+11.1 %) !
and closed at 0.40 (+0.13) (+48.1 %) !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
09/10/2020 4:59 PM
alanleeky LJ counter
10/10/2020 11:21 AM
Rayyan Lame Lionind. get up laa
15/10/2020 11:45 AM
NoEmo https://malaysiastock.biz/Company-Announcement.aspx?id=1262362
15/10/2020 5:10 PM
tkl88 Oh My goodness !
Mahsing closed at RM1.24 (0.295) (+31.2 %) !
Tommorrow Mahsing probably will continue
spike up and opened at=> RM1.40 (+0.16) (+12.9 %) and closed at RM1.60 (+0.36) (+29 %) !
Keep it up Mahsing !

Huat ah ! Heng ah ! Ong ah !
19/10/2020 5:49 PM
tkl88 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 !

Huat ah ! Heng ah ! Ong ah !
19/10/2020 5:58 PM
tkl88 Wow, Amazing !
Damn hot man LSTEEL today ! What happend ?
Now LSTEEL already traded at 0.38 (+0.04) (+11.8 %) !
Today LSTEEL probably will be closed at 0.60 (+0.26) (+76.5 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 9:15 AM
tkl88 Wow, Fantastic !
Now LSTEEL already traded at 0.385 (+0.045) (+13.2 percent) !
Like that today LSTEEL definitely can closed at 0.60 (+0.26) (+76.5 percent) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 9:22 AM
tkl88 Wow, Awsome !
Now LSTEEL already traded at 0.44 (+0.10) (+29.4 %) !
Keep it up LSTEEL !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 9:41 AM
alanleeky why LSteel up so happy? Any link of LSteel and LionInd kah ??
20/10/2020 12:42 PM
tkl88 because both also involved in steel industry lar bro... you didn't read through their company portfolio meh ?

So, since LSTEEL also spike up like mad, other steel counters like Lionind, Masteel, Hiaptek, Mycron, Melewar and etcs will also follow and spike up to sky high !

So, wanted to making big profits please be sailang faster on these counters !
Later no more cheap cheap steel counters to buy already lor !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 3:55 PM
tkl88 Wow, Amazing !
Damn hot man Lionind today ! What happend ?
Now Lionind already traded at 0.27 (+0.015) (+5.9 %) !
Today Lionind probably will be closed at 0.55 (+0.295) (+115.7 %) !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 3:57 PM
tkl88 Wow, Fantastic !
Now Lionind already traded at 0.28 (+0.025) (+9.8 %) !
Like that today Lionind definitely can closed at 0.55 (+0.295) (+115.7 %) already liao lah!
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
20/10/2020 4:18 PM
alanleeky I like your optimistic way but seems over reacted. Anyway enjoy your happiness as we live on everyday
21/10/2020 1:17 AM
tkl88 Wow, Amazing !
Damn hot man Lionind today ! What happend ?
Now Lionind already traded at 0.285 (+0.01) (+3.6 %) !
Today Lionind probably will be closed at 0.55 (+0.275) (+100 %) !
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
21/10/2020 9:24 AM
tkl88 Wow, Fantastic !
Now Lionind already traded at 0.29 (+0.015) (+5.5 %) !
Like that today Lionind definitely can closed at 0.55 (+0.275) (+100 %) already liao lah!
Keep it up Lionind !

Huat ah ! Heng ah ! Ong ah !
21/10/2020 9:43 AM
tkl88 Explosion in steel factory, 6 injured
Predeep Nambiar -October 20, 2020 8:21 PM
https://www.freemalaysiatoday.com/category/nation/2020/10/20/steel-factory-in-perai-explodes-6-injured/

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.
21/10/2020 9:52 AM
tkl88 Annjoo steel factory explode, steel product may be shortage !
21/10/2020 9:57 AM
Winmore88 Lionind, let's see tp 50c coming ?
21/10/2020 9:34 PM
alanleeky Another round of wolf coming ... again
21/10/2020 11:15 PM