Morning KL

I just dispose 10,000 unit of lionind this early morning @ 1.81. 15% gain & 2.4k pocket, lionind is recovery from deep which you can hold for another 3~5 month time but I spot another good counter going to swap later if the price come to my target range. Stay in tune....

Lion Industries did a good job

Let's have a quick look of how lion industries for 2nd quarter result, improve quarter to quarter, EPS improve from 9.78 cent to 11.70 which give you PE 3.5 ...!!! yes, you're right !! steel counter with fantastic improved result quarter to quarter, where you can find ??


Company prospect:
It is anticipated that the gradual recovery in the Malaysian economy and the expected roll-out of the Government's infrastructure projects will boost demand for long steel products in the coming Quarters. As such, the operating environment for the Group’s businesses is expected to improve.