RHB Research ups Lion Industries to trading buy, FV RM2.54
Stock Name: LIONIND
Company Name: LION INDUSTRIES CORPORATION
Research House: RHB Price Call: BUY Target Price: 2.54
KUALA LUMPUR: RHB Research Institute has upgraded Lion Industries' indicative fair value to RM2.54 and upgraded it to a Trading Buy.
Bloomberg reported that Baosteel Group Corp, China's second largest steelmaker, is in talks with Lion Group to buy a stake in Amsteel Mills Bhd.
'We suspect that the offer will not be just for a stake in Amsteel Mills, but may include stakes in other steelmaking units within the Lion Group as well. It is also quite likely that Baosteel could be roped in as a strategic investor for the RM3.2 billion blast furnace project, given its expertise in the flat steel product segment,' RHB Research said.
RHB Research said it lowered its holding company discount to 20% to reflect improved trading sentiment on the back of the potential entrance of Baosteel and the likelihood that Lion Industries may not be roped in to invest in Lion Diversified's high-risk RM3.2 billion blast furnace project.
Ｃａｎ ｙｏｕ ｓｐｏｔ Ｌｉｏｎ Ｉｎｄｕｓｔｒｉｅｓ ｂｅｆｏｒｅ ｔｈｅ ｎｅｗｓ？
Ｙｅｓ， ｉｆ ｙｏｕ ｗｅｒｅ ｔｏ ｌｏｏｋ ａｔ ｔｈｅ ｃｈａｒｔ ｄａｉｌｙ， ｙｏｕ ｃｏｕｌｄ ｈａｖｅ ｂｏｕｇｈｔ ｉｔ ａｔ １．５４ ｂｅｃａｕｓｅ ＭＡＣＤ ｓｈｏｗｅｄ ａ ｂｕｙ ｓｉｇｎａｌ ｏｎ Ｊｕｎｅ ８， ２０１１．
Ｉｆ ｙｏｕ ｗｅｒｅ ｔｏ ｈｏｌｄ ｕｎｔｉｌ Ｊｕｎｅ ２３， ２０１１， ｙｏｕ ｃｏｕｌｄ ｈａｖｅ ｄｉｓｐｏｓｅ ｉｔ ａｔ ２．０３ ａｎｄ ｍａｄｅ ａ ｈａｎｄｓｏｍｅ ｐｒｏｆｉｔ． Ｅｖｅｎ ｉｆ ｙｏｕ ｃａｎｎｏｔ ｓｅｌｌ ｉｔ ｈｉｇｈ， ｙｏｕ ｃｏｕｌｄ ｈａｖｅ ｓｏｌｄ ｉｔ ａｔ １．８６．
Ｆｏｒ ５０００ ｓｈａｒｅｓ， ｙｏｕ ｃｏｕｌｄ ｍａｋｅ ＲＭ ２３１８， ｍａｋｉｎｇ ａ ３０．１％ ｒｅｔｕｒｎ ｉｎ ｊｕｓｔ １２ ｗｏｒｋｉｎｇ ｄａｙｓ．
Ｙｏｕ ｊｕｓｔ ｎｅｅｄ ｔｏ ｄｏ ｓｏｍｅ ｈｏｍｅｗｏｒｋ． Ｉｔ ｉｓ ｅａｓｙ ｔｏ ｓａｙ ｂｕｔ ｉｆ ｙｏｕ ｗａｎｔ ｔｏ ｍａｋｅ ｍｏｎｅｙ， ｔｈｉｓ ｉｓ ｔｈｅ ｏｎｌｙ ｗａｙ ｉｎｓｔｅａｄ ｏｆ ｌｉｓｔｅｎｉｎｇ ｔｏ ｔｉｐｓ ｆｒｏｍ ｔｈｅ ｈｏｒｓｅｍｏｕｔｈ． Ｙｏｕ ｈａｖｅ ｔｏ ｄｏ ｈｏｍｅｗｏｒｋ ｔｈａｔ ｍａｎｙ ｐｅｏｐｌｅ ｄｏ ｎｏｔ ｌｉｋｅ ｏｒ ｗａｎｔ ｔｏ ｄｏ． Ｕｓｅ ＭＥＴＡSTOCK explorer function to scan the stocks and pick up the right ones. Maybe be just spend 30 minutes a day after office hours. It is boring but this is quite effective.
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