tag:blogger.com,1999:blog-250589152024-03-28T16:19:07.418+08:00Sharetisfy歌词Unknownnoreply@blogger.comBlogger77125tag:blogger.com,1999:blog-25058915.post-63758707660339014172023-09-21T20:54:00.005+08:002023-09-21T20:54:19.395+08:00庄家炒了建筑及房地产股票,会炒钢铁股票吗?MASTEEL, MELEWAR, LIONIND,ANNJOO 9月可以看吗? #钢铁股 #马股 #技术分析 #annjoo #房地产股票 #uems庄家炒了建筑及房地产股票,会炒钢铁股票吗?MASTEEL, MELEWAR, LIONIND,ANNJOO 9月可以看吗? #钢铁股 #马股 #技术分析 #annjoo #房地产股票 #uems<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="362" src="https://www.youtube.com/embed/d6GkkhFILIg" width="644"></iframe></p><br/><br/>https://www.youtube.com/watch?v=d6GkkhFILIgAdminhttp://www.blogger.com/profile/02423328634093657906noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-56903040163504075062022-11-16T22:14:00.000+08:002022-11-18T17:53:07.988+08:00钢铁价回升 战事恐影响供应 钢铁股逆风起舞<p>钢铁价回升 战事恐影响供应 钢铁股逆风起舞<br /><br />(吉隆坡16日讯)11月钢铁价回升,加上市场忧心俄乌战事升级影响供应,推动大马多只钢铁股在周二的股市逆风中悄悄起舞,当中马来西亚钢厂(MASTEEL,5098,主板工业产品服务组)更一度大起37.74%。<br />钢铁价一度增3.2%<br /><br />尽管前4个月的钢铁价回落,但是在11月起已看到渐洗颓气。而且,俄罗斯周二强轰乌克兰全境,破坏该国能源基础设施,许多工厂被迫减产,市场或预测俄乌战事会影响供应链。周三钢铁价一度增3.2%,至每公吨3773.00令吉。与此同时,市场正在等待美国会不会禁止使用俄罗斯金属,推高了铝价。<br /><br />在本地股市,与钢铁有关的马来西亚钢厂、安裕资源(ANNJOO,6556,主板工业产品服务组)和聚美钢铁厂(CHOOBEE,5797,主板工业产品服务组)在周二早市时一起挤进20大涨幅榜内。<br />大马钢厂一度大起37.74%<br /><br />周一以26.5仙闭市的马来西亚钢厂,周二开市即攀升至29.5仙,最高冲至36.5仙,大起10仙,或37.74%,最后以36仙挂收,仍涨了9.5仙,或35.85%,是全天第12大上涨股。<br /><br />马来西亚钢厂和凭单马来西亚钢厂WB(MASTEEL-<br /><br />B,5098WB)一同交易炽热,在热门股中排行第四和第五名,成交量分别高达5159万9400股和4585万5000股,而该凭单也强劲升46.15%或3仙,报9.5仙。<br /><br />聚美钢铁厂则一度起10仙,至1令吉零5仙,休市时以1令吉零2仙挂收,全天涨7仙或7.37%;安裕资源也不弱,一度涨9仙,至1令吉12仙,最后以1令吉零9仙挂收,升6仙或5.83%。<br /><br />另两只交投活跃的钢铁相关股项是协德(HIAPTEK,5072,主板工业产品服务组)和金狮工业(LIONIND,4235,主板工业产品服务组)。<br /><br />协德全天成交量达3835万1100股,挤进热门股第七名,收市股价报26.5仙,起2仙或8.16%;金狮工业有2264万股成交,股价一度起3仙或8.82%,收市报26.5仙,全天涨2仙或7.35%。<br /><br />https://www.sinchew.com.my/20221116/%E9%92%A2%E9%93%81%E4%BB%B7%E5%9B%9E%E5%8D%87-%E6%88%98%E4%BA%8B%E6%81%90%E5%BD%B1%E5%93%8D%E4%BE%9B%E5%BA%94-%E9%92%A2%E9%93%81%E8%82%A1%E9%80%86%E9%A3%8E%E8%B5%B7%E8%88%9E/<br /></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-64281811171766001792022-04-09T20:16:00.004+08:002022-04-09T20:16:31.107+08:00Lion Industries gets higher amount of RM697.74mil from disposal of Antara Steel<p>Lion Industries gets higher amount of RM697.74mil from disposal of Antara Steel<br /><br />KUALA LUMPUR: Lion Industries Corporation Bhd (LICB) said the "final adjusted consideration” from the disposal of its unit Antara Steel Mills Sdn Bhd had increased by RM26.15 million to RM697.74 million (US$165.63 million).<br /><br />Total proceeds had increased due to the different exchange rate used and the date adopted for the closing of Antara’s account, it said in a stock exchange filing to Bursa Malaysia today.<br /><br />LICB said the final adjusted consideration was based on Antara’s closing account as of the completion date on Dec 10, 2021 while the actual exchange rate was based on US$1 for RM4.215 as at April 7, 2021, compared to the assumed rate of RM4.18 previously.<br /><br />Concurrently, the utilisation of proceeds set for new investments or the existing business is raised to RM431.10 million from RM404.95 million previously.<br /><br />It said Singapore’s Esteel Enterprise Pte Ltd had fully paid the final adjusted consideration to Amsteel Mills Sdn Bhd, its 99-per cent subsidiary, for the entire stake in Antara. - Bernama<br /><br />https://www.thestar.com.my/business/business-news/2022/04/08/lion-industries-gets-higher-amount-of-rm69774mil-from-disposal-of-antara-steel<br /></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-39909828745445283902021-10-13T18:40:00.004+08:002021-10-17T20:46:58.480+08:00浅谈 LIONIND(4235)出售子公司的操作<p><span></span></p><a name='more'></a>浅谈 LIONIND(4235)出售子公司的操作<br /><br />在 “沉寂” 了一段时间后,今天 LIONIND 再次带动了钢铁股的整体走势,其中今天的主角 LIONIND 也以 RM 0.705(上涨 15.57%)收盘,呈现了非常强劲的走势。但是实际上这次公司的操作对公司、股东有什么样的影响呢?以下就是这次公司文告中所整合的重点,希望对 LIONIND 有兴趣的投资者有帮助。<br /><br />首先呢,LIONIND 旗下间接控股 99.0% 的 Antara Steel Mills Sdn. Bhd.(“Antara Steel”)终于正式签下了买卖协议了,而这次 LIONIND 将会透过其子公司出售 Antara Steel 约 218,010,000 的普通股(“Ordinary Shares”)和 30,000,000 的可赎回优先股(“Redeemable Preference Shares”)的股权,其销售价格分别为 RM 479.8 Million 和 RM 30.1 Million。<br /><br />从 LIONIND 的年报中可见,Antara Steel 所生产的产品主要为热压钢铁(“Hot Briquetted Iron”)并且出口到国外的市场中;而 Antara Steel 在 FYE 2021 中的盈利为 RM 56.4 Million,可见该公司的盈利能力是很不错的。<br /><br />那么以估值而言呢,这次收购方 Esteel Enterprise Pte. Ltd.(“Esteel”)会以 4.81 倍的 PTBV 和 9.03 倍的 P/E 估值来收购 Antara Steel,参考本地的钢铁公司来说这样的估值其实也是合理的。<br /><br />除此之外,这次 Esteel 还会购买 Antara Steel 在纳闽(“Labuan”)的其他资产,比如说在纳米的库存、流动资产、应收账款等都会纳入计算,当然负债也会被纳入计算当中;总体上来说,预计最后的收购价格将会是 RM 663.8 Million 左右。<br /><br />以此作为参考的话,我们估计会看到公司 LIONIND 在完成出售会会有一次性的 RM 403.1 Million,不过对于部分的股东来说可能要失望了,因为这次公司将不会从中支付任何的特别股息,而是会将之再投入到公司的业务之上。<br /><br />作为参考,其实 LIONIND 在 2019 年的时候就已经获得了 EGM 通过公司进军到扁钢方面的业务(这次的出售也同样需要投资者通过),这次的 RM 663.8 Million 其中也会有 RM 172.1 Million 投入到扁钢的业务当中,剩余的 RM 487.2 Million 则会分到偿还贷款、购置新的业务等等,不过公司却还未表明除了扁钢业务之外的新业务。<br /><br />综合公司的整个操作来看呢,基本上能够看到他们释放价值是非常好的;而根据 LIONIND 当前的 RM 506.0 Million 的市值来看的话,毫无疑问这次的操作对于公司来说是相当有利的。<br /><br />最近我们也看到 LIONIND 持有股份的 PARKSON(5657)也交出不错的业绩,随着经济逐步开放和人流量回到正常水平之下预计 LIONIND 也会受惠其中。只是比较可惜的是这次没有任何的特别股息,因此公司再投入扁钢的业务当中对于投资者来说是需要承担额外的风险,这一点是大家需要小心留意的。<br /><br />照片来源:The Star<br /><br />- 完 -<br /><br />======================== 我是分割线========================<br /><br />**我们近期正式开始了一个回馈我们支持者的群组,如果通过我们链接注册的话会一起加入到另一个小群组内,里面会有额外的分享和文章哦!<br /><br />1. 申请股票投资户口 + 加入小群组(有 Cash、Contra、也有 Margin 户口哦):https://bit.ly/3AwVb7U<br /><br />***如果觉得我们分享的内容不错的话,也可以通过以下的方式支持我们哦<br /><br />2. 边交易,边赚取 Bonus Link、Boost、BIG Rewards 的股票户口:https://bit.ly/3zwxJql<br /><br />3. 开户 + 入金送可口可乐股票:https://bit.ly/3h1QSJF<br /><br />4. 大家也可以试用个人也推荐的 Pick@Stock 数据平台(个人也在用,真的很不错!):https://bit.ly/3zRKKep<br /><br />5. 加入免费的 Telegram 群组:https://t.me/public12invest<br /><br />6. 免费 2 小时价值投资课程:https://bit.ly/3h78NOV<br /><br />非常感谢你的支持<br /><br />免责声明:<br /><br />以上所有的内容都单纯只是个人的观点,所涉及的内容只能被当成是学习,教育与资讯用途,而绝非专业的金融,投资意见,或买卖意见。<br /><br />请自行分析,了解其风险,再向专业的金融理财顾问专家探讨投资的性质。Eventure Group 绝不对任何分享的内容,观点,的准确性,完整性,正确性,有效期性负责任。<br /><br />https://klse.i3investor.com/blogs/vitaeventure/2021-10-13-story-h1592027869.jsp<br /><br /><br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-85351127397471353572021-04-29T17:51:00.006+08:002021-04-29T17:51:58.470+08:00中取消部分钢材出口退税 黄明强:料致钢铁短缺<p><span></span></p><a name='more'></a><br />中取消部分钢材出口退税 黄明强:料致钢铁短缺<br /><br />黄明强<br /><br />(吉隆坡 29日讯)马来西亚钢材五金商会会长拿督斯里黄明强说,中国财政部关税司本月28日发布公告,该国从5月1日开始,取消部分的钢材出口退税,并依据出口货物报关单上注明的出口日期界定,料将造成钢铁供不应求。<br /><br />他担忧在目前钢材价格居高不下的局势下,中国这项取消部份钢铁出口退税的政策,将会将钢铁价格再次推高,造成钢铁可能短缺。<br /><br />他说,过高的进口钢材价格,不但面对风险,而且造成钢铁成本大涨,对进口商和库存商而言,是一个很大的挑战。<br /><br />“因此我呼吁进口商的会员们,要做好风险管理,以免面对巨大亏损。”<br /><br />他在文告中说,由于受制这项政策的影响,进口商应也不敢冒然下订单,毕竟钢铁的价格已经可以说是非常的高昂,稍有不慎,万一钢铁价格回调,进口商将面对巨大的损失。<br /><br />他说,由于价格太高,有些库存商不敢下订单,这有可能会造成以后市场面对钢铁缺货,买家有钱也买不到货的窘境!<br /><br />他遗憾的说,由于在这之前,进口商和庫存商的该会会员与中国一些单位下的订单,极可能会面对被取消或需承担部份取消的退税;但是该会会员为了履行客户的订单,可能需承担这些额外的亏损。<br /><br />他说,该会之前曾提及本地钢铁厂家因为价格的激烈变动,而取消本地业者的订单的情况时有发生,相信这一次的影响极可能会更深。<br /><br />中国钢铁进出口政策概括如下:<br /><br />·消部分钢材13%出口退税,减少钢材出口,冷轧镀锌卷没取消退税;<br />·螺纹、热卷、中宽带全部取消13%退税;<br />·冷卷和镀锌卷没取消,保持13%退税,而冷轧切板、0.5以上镀锡马口铁、部分镀锌二次加工材取消退税;<br />·窄带钢和钢坯原先也没有出口退税;<br />·生铁和铁合金出口关税提高5%,限制出口;<br />·取消生铁粗钢进口关税,鼓励进口;<br />·钢坯2%、废钢2%、直接还原铁2%、生铁1%等进口关税全部取消。<br /><br />http://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E4%B8%AD%E5%8F%96%E6%B6%88%E9%83%A8%E5%88%86%E9%92%A2%E6%9D%90%E5%87%BA%E5%8F%A3%E9%80%80%E7%A8%8E%C2%A0%E9%BB%84%E6%98%8E%E5%BC%BA%E6%96%99%E8%87%B4%E9%92%A2%E9%93%81%E7%9F%AD%E7%BC%BA<br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-25763506387549096272021-04-25T22:05:00.002+08:002021-04-25T22:05:16.438+08:00THIS SECTOR IS GETTING A STRONG SUPPORT DESPITE A SIDEWAYS MARKET- LOOK INTO IT! <p><span style="font-size: medium;"><span></span></span></p><a name='more'></a><p></p><div class="margint30" id="blogcontent" itemprop="articleBody"> <p>
<span style="font-size: medium;"><span>We are back with an article that would
probably be helpful for you to add value to your investment knowledge
but seek professional and licensed advice before making any investment
decision!</span></span></p>
<p>
<span style="font-size: medium;"><span>Like usual, we will keep it simple.
Market is very uncertain for the past 3 months with it sliding more
towards bearishness. This is evident by us looking at our index
movement.</span></span></p>
<p>
<span style="font-size: medium;"><img src="https://s3.tradingview.com/snapshots/f/fSObkay1.png" style="height: 297px; width: 600px;" /></span></p>
<p><span style="font-size: medium;">
</span></p>
<p>
<span style="font-size: medium;"><span>With such movement, it is definitely
difficult to make a solid decision as to which sector to look for and
how aggresive should an investor be. </span></span></p>
<p>
<span style="font-size: medium;"><span><span style="background-color: yellow;">However, <strong>1 sector seems to be resilient in these 3 months despite a sideways market condition</strong>. We are referring to the </span><strong><span style="background-color: yellow;">STEEL Sector.</span></strong></span></span></p>
<p><span style="font-size: medium;">
</span></p>
<p>
<span style="font-size: medium;"><span>First of all it is very important to understand why we came to this conclusion. Lets analyse the global STEEL price chart.</span></span></p>
<p>
<span style="font-size: medium;"><img src="https://s3.tradingview.com/snapshots/b/b5QhqF9j.png" style="height: 297px; width: 600px;" /></span></p>
<p>
<span style="font-size: medium;"><span><strong><span style="background-color: yellow;">Steel price has been on an uptrend since DEC 2020</span></strong> despite bad market times throughout the 5 months period and the price is becoming even steeper now. </span></span></p>
<p><span style="font-size: medium;">
</span></p>
<p>
<span style="font-size: medium;"><span><strong>Why is this happening?</strong></span></span></p>
<p>
<span style="font-size: medium;"><span><strong>1) </strong><span style="font-family: times new roman,times,serif;"><span style="color: #2b2e31; text-align: justify;"><span style="background-color: yellow;"><strong>The demand in some segments of the steel market, in particular the automotive industry, recovered since the summer faster</strong> than many had expected. In addition, many companies were replenishing previously reduced material stocks</span>.
By contrast, blast furnace-based steel production, which is relevant
for flat steel, was only very slowly getting back on track. </span></span></span></span></p>
<p>
<span style="font-size: medium;"><span>2) <span style="font-family: times new roman,times,serif;"><span style="color: #2b2e31; text-align: justify;"><span style="background-color: yellow;">Driven by the strong Chinese market, <strong>steel prices in Asia were significantly higher than in Europe for much of the year.</strong></span>
Together with the import restrictive measures imposed by the EU, this
led to a significant drop in the volume of imports from third countries
this year.</span></span></span></span></p>
<p>
<span style="font-size: medium;"><span><span style="font-family: times new roman,times,serif;"><span style="color: #2b2e31; text-align: justify;">Due to the tight supply situation and the significant increase in spot market prices in recent months, a risk of a <strong><span style="background-color: yellow;">noticeable rise in contract prices for flat steel products in 2021 appeared to be emerging.</span></strong></span></span></span></span></p>
<p><span style="font-size: medium;">
</span></p>
<p>
<span style="font-size: medium;"><img src="https://klse.i3investor.com/files/my/blog/img/bl5742_7032_02.jpeg" style="height: 385px; width: 600px;" /></span></p>
<p>
<span style="font-size: medium;"><span><em>Source : <a href="http://www.tomatonews.com/en/exceptional-increase-in-steel-prices_2_1282.html" rel="nofollow" target="_blank">http://www.tomatonews.com/en/exceptional-increase-in-steel-prices_2_1282.html </a></em></span></span></p>
<p><span style="font-size: medium;">
</span></p>
<p>
<span style="font-size: medium;"><span><strong><span style="background-color: yellow;">Before going into specifics we must know what is STEEL made of?</span></strong></span></span></p>
<p>
<span style="font-size: medium;"><img height="246" src="https://klse.i3investor.com/files/my/blog/img/bl5742_screen_shot_20210425_at_7.14.25_pm.png" width="680" /></span></p>
<p><span style="font-size: medium;">
</span></p>
<p>
<span style="font-size: medium;"><span><span style="background-color: yellow;"><b>NEXT WE NEED TO KNOW WHAT ARE FLAT STEELS?</b></span></span></span></p>
<p>
<span style="font-size: medium;"><span><span style="font-family: times new roman,times,serif;"><span style="color: #1d2228;">Flat steel products consist of sheets and plates. They are rolled from slabs, which are a semifinished steel product. <strong>These products are used in a wide range of industries such as automobile, domestic appliances, shipbuilding, and construction.</strong></span></span></span></span></p>
<p>
<span style="font-size: medium;"><em><span>Source : <a href="https://finance.yahoo.com/news/why-flat-steel-products-important-170054529.html#:~:text=Flat%20steel%20products%20consist%20of,appliances%2C%20shipbuilding%2C%20and%20construction." rel="nofollow" target="_blank">https://finance.yahoo.com/news/why-flat-steel-products-important-170054529.html#:~:text=Flat%20steel%20products%20consist%20of,appliances%2C%20shipbuilding%2C%20and%20construction.</a></span></em></span></p>
<p>
<span style="font-size: medium;"><span>Since the price of STEEL has been rising
up continuously due to the increased demand and tightened supply, STEEL
players in Malaysia most likely would have benefited in terms of profit
margin.</span></span></p>
<p>
<span style="font-size: medium;"><span><strong><span style="background-color: yellow;">Some
FLAT STEEL players in Malaysia includes Mycron Steel Berhad, CSC Steel
Berhad, Leon Fuat Berhad, Astino Berhad and Prestar Resources Berhad</span></strong></span></span></p>
<p>
<span style="font-size: medium;"><img src="https://assets.theedgemarkets.com/pictures/Steel_cht_TEM1361_theedgemarkets.jpg" style="height: 230px; width: 600px;" /></span></p>
<p>
<span style="font-size: medium;"><em>Source : <a href="https://www.theedgemarkets.com/article/flat-steel-companies-spotlight" rel="nofollow" target="_blank">https://www.theedgemarkets.com/article/flat-steel-companies-spotlight</a></em></span></p>
<p>
<span style="font-size: medium;"><span><span style="background-color: yellow;">Apart from these players there are also multi diversed steel companies that will benefit from the rise of STEEL Prices such as <strong>ANNJOO Resources Berhad and LION Industries Berhad.</strong></span><br />
<br />
We hope this information can be an added knowledge for everyone to
upgrade your knowledge on the SUPPLY and DEMAND of COMMODITIES and how
it can affect the profitability of companies related to it. Lets see if
this could be an opportunity for us to take in this current market
situation!</span><br />
</span></p>
<p style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
<span style="font-size: medium;"><span>We have more for you! Follow us in our Telegram Channel <a href="https://t.me/joinchat/QIqlt493esqxvtDx" rel="nofollow" style="color: #0066aa; text-decoration-line: none;" target="_blank">@StockAdvisor FBMKLCI</a> for more updates in Bursa Malaysia on a daily basis!</span></span></p>
<p style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
<span style="font-size: medium;"><span><em>Disclaimer : All notes expressed
here are solely individual point of views and we are not responsible for
any buy or sell decisions made by others. Kindly use this as a
reference reading material to add value to your current research and
pleas verify any information stated here with a licensed individual in
the capital markets industry before making any decisions.<br /><br />https://klse.i3investor.com/blogs/StockAdvisor/2021-04-25-story-h1564136892-THIS_SECTOR_IS_GETTING_A_STRONG_SUPPORT_DESPITE_A_SIDEWAYS_MARKET_LOOK_.jsp<br /></em></span></span></p> </div>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-68290861533540320712021-04-12T21:30:00.005+08:002021-04-12T21:32:12.277+08:00浅谈LION INDUSTRIES CORP BHD, LIONIND, 4235 - James的股票投资James Share Investing浅谈LION INDUSTRIES CORP BHD, LIONIND, 4235 - James的股票投资James Share Investing<br />
<iframe width="480" height="270" src="//www.youtube.com/embed/LnSvDJyEXwo" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="allowfullscreen"></iframe><br />
https://www.youtube.com/watch?v=LnSvDJyEXwo
Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-13582865588902808932021-02-21T18:41:00.000+08:002021-02-21T18:41:09.439+08:00【独家】百业复工 出口中国 钢铁需求月杪攀升<p><span></span></p><a name='more'></a><br /><p></p><div class="ttr-post-date">
2021年02月20日
</div>
<div class="ttr_post_inner_box">
</div>
<div class="node-article-paragraphs">
<div>
<div> <div class="paragraph paragraph--type--image paragraph--view-mode--default">
<div class="image-gallery-wrapper high-res">
<div><div>
<div> <img alt="" height="460" src="https://www.enanyang.my/sites/default/files/styles/media_image/public/2020-06/steel.JPG?itok=OT6oYwI-" width="690" />
</div>
<div><p>钢铁(示意图)</p></div>
</div>
</div>
</div>
</div>
</div>
<div> <div class="paragraph paragraph--type--text paragraph--view-mode--default">
<p><strong>独家报道:邹丽华</strong></p>
<p>(怡保20日讯)钢铁热潮席卷全球,企业界预料我国经济领域会在2月杪冠病疫苗开始接种后逐渐复苏,届时市场对钢铁的需求将进一步提高。</p>
<p>马来西亚五金机械建材联合总商会总会长拿督许圣杰表示,目前市场对钢铁的需求强劲,尽管钢铁价格早前稍微走软,不过这一两天价格又回涨,每吨上涨40美元,亚洲热轧钢价格每吨约800美元(约3200令吉)。</p>
<p>“工字铁每吨约730至750美元,角钢、槽钢则每吨在700至720美元,本地的螺纹钢厂商也会在下周宣布调涨螺纹钢价格。”</p>
<p>对于国际市场铁价不断上涨,许圣杰今日接受《南洋商报》访问表示,国内疫情在施打疫苗后,相信会迎来春天。</p>
<p>“很多工程都会陆续恢复及展开,惟因目前钢铁库存不高,市面将进一步缺货。”</p>
<p>他分析,特别是如今中国疫情好转,经济逐步复苏,加上中国与澳洲的贸易战还在持续,转向其他国家购买钢铁,造成钢铁市场出现短缺现象,其他国家的钢铁厂也因早前疫情导致无法全面运作,继而令生产量减低。</p>
<p>他补充,因钢铁价格依旧上扬,业者也不敢大量进货避免亏损。</p>
</div>
</div>
<div> <div class="paragraph paragraph--type--image paragraph--view-mode--default">
<div class="image-gallery-wrapper high-res">
<div><div>
<div> <img alt="" height="315" src="https://www.enanyang.my/sites/default/files/styles/media_image/public/2021-02/xushengjie.png?itok=dMV43z99" width="600" />
</div>
<div><p>许圣杰</p></div>
</div>
</div>
</div>
</div>
</div>
<div> <div class="paragraph paragraph--type--text paragraph--view-mode--default">
<p><strong>采非货柜运输风险高</strong></p>
<p>许圣杰表示,因海运货柜短缺,钢铁业者唯有采用非货柜(Open deck cargo)来运送大件钢材类货品,不过却面对高风险的亏损,因为码头员工上下货时,可能会一时疏忽导致货品损坏。</p>
<p>他指出,非货柜即使用船运,价格比起一般货柜运输会便宜许多,主要是目前货柜的价格已上涨2、3倍,不过损失风险却比较高,亏损额则视于所运载的钢铁类型所定。</p>
<p>他披露,有本地五金商向他投诉,外国船仓运送钢铁时,上面铺了工业盐,船运过程中因摇晃,结果盐掉到钢铁中,导致钢铁生锈而蒙受亏损。</p>
<p>“业者一方面需向保险公司索赔,另一方面也导致市面的钢铁更加短缺。”</p>
<p>许圣杰说,此外,以往从货船靠岸到完成检验程序仅需3至4天,如今因当局人手不足拖至一至两星期,业者也需多付一笔囤货费,成本更加增加。</p>
<p>他希望交通部能体恤商家的苦衷,尽速增加人手加快检验程序。</p>
</div>
</div>
</div>
</div>
<p><br /> https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E7%99%BE%E4%B8%9A%E5%A4%8D%E5%B7%A5-%E5%87%BA%E5%8F%A3%E4%B8%AD%E5%9B%BD-%E9%92%A2%E9%93%81%E9%9C%80%E6%B1%82%E6%9C%88%E6%9D%AA%E6%94%80%E5%8D%87</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-6630521578596398482021-01-13T18:16:00.000+08:002021-01-13T18:16:22.489+08:00钢铁股行管期照常运作 安裕资源(ANNJOO,6556,主板工业产品服务组)写19年单日最大涨幅<p><span></span></p><a name='more'></a><br />钢铁股行管期照常运作 安裕资源(ANNJOO,6556,主板工业产品服务组)写19年单日最大涨幅<br /><br />(吉隆坡12日讯)钢铁业获“钦点”可在行管期间照常运作,主要市场建筑业也多不受影响,钢铁股纷纷应声上扬,当中安裕资源(ANNJOO,6556,主板工业产品服务组)更刷下19年来最大单日涨幅。<br /><br />配合行管令,受影响区域的所有建筑工程,将从2021年1月13日起暂停施工,一度引起市场的担忧。不过,工程部高级部长拿督斯里法迪拉今日宣布,部分牵涉公众利益的基建工程项目获准继续施工。<br /><br />在部长宣布后,多只钢铁股应声而起,带动主板工业产品服务组指数全天涨0.56%,该组更有些股的交投量是过去单日平均交投量的两倍或以上。<br /><br />其中,拿督林建南掌管的安裕资源起23仙或18.25%至1令吉49仙,为2001年3月16日以来最大单日涨幅,全天共有2151万9200股易手,为平均交易量的两倍。<br /><br />美丽华工业(MELEWAR,3778,主板工业产品服务组)全天涨12仙或30.77%,闭市报51仙,交易量则是过去20天平均203万股交易量的4倍,全天共有1亿2601万3800股易手,为全场第九热门股。<br /><br />丹斯里锺廷森属下金狮工业(LIONIND,4235,主板工业产品服务组)涨13仙或23.85%,是该股自2017年3月6日以来的4年最大单日涨幅,交易量也是平均值的两倍,交投量达1亿零1600股。<br /><br />勇达集团(ENGTEX,5056,主板工业产品服务组)涨11仙或19.82%,以66.5仙挂收,全天交投量为4235万6100股,是平均单日交投量的3倍之多。<br /><br />https://www.sinchew.com.my/content/content_2409674.html<br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-38527313033277905962020-12-27T21:32:00.001+08:002020-12-27T21:32:21.051+08:00浅谈LION INDUSTRIES CORP BHD, LIONIND, 4235 - James的股票投资James Share Investing<p><span></span></p><a name='more'></a>浅谈LION INDUSTRIES CORP BHD, LIONIND, 4235 - James的股票投资James Share Investing <iframe width="700" height="394" src="https://www.youtube.com/embed/QOT5SkANIAQ" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe><p></p>https://www.youtube.com/watch?v=QOT5SkANIAQ&feature=emb_titleAdminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-18545354173074665702020-12-27T13:48:00.002+08:002020-12-27T13:49:00.305+08:00【独家】钢铁缺货每周调售价 业者步步为营·严密监控库存<p><span></span></p><a name='more'></a><br /><p></p><div class="ttr-post-date">
2020年12月26日
</div>
<div class="ttr_post_inner_box">
</div>
<div> <div class="paragraph paragraph--type--image paragraph--view-mode--default">
<div class="image-gallery-wrapper normal-style">
<div><div>
<div> <img alt="" height="472" src="https://www.enanyang.my/sites/default/files/styles/media_image/public/2020-12/201227a03_c9629-0.jpg?itok=dscLv0dJ" width="690" />
</div>
</div>
</div>
</div>
</div>
</div>
<div> <div class="paragraph paragraph--type--text paragraph--view-mode--default">
<p><strong>独家报道:黄清琴</strong></p>
<p>(怡保26日讯)全球钢铁价格暴涨,从上个月开始,钢铁成品如建筑使用的花铁、货架的方铁价格每天都出现大波动,五金机械店业者每周必须调整价目表,并得严控库存,业者莫不暗自叫苦。 </p>
<p>太平海宏五金电器有限公司总营运长尤芳梁告诉《南洋商报》,钢铁条或钢铁板的价格自上个月以来每天都在波动,至今已上涨了整20%,而且一些货源如制造货架的铁条更是短缺,下订单后须待2个星期,才取得货源。</p>
<p>他表示,虽然钢铁价格每天都在调涨,但该店的零售价只是每周调整一次,不会每天调整;新货源会依据新的价格售卖,就是贵来贵卖。</p>
</div>
</div>
<div> <div class="paragraph paragraph--type--image paragraph--view-mode--default">
<div class="image-gallery-wrapper potrait-style">
<div><div>
<div> <img alt="" height="493" src="https://www.enanyang.my/sites/default/files/styles/media_image/public/2020-12/201227a03_c9718-0.jpg?itok=rDsRiVDj" width="325" />
</div>
<div><p>尤芳梁</p></div>
</div>
</div>
</div>
</div>
</div>
<div> <div class="paragraph paragraph--type--text paragraph--view-mode--default">
<p><strong>无法囤太多货</strong></p>
<p>“由于钢铁板或铁条占据的空间大,我们无法囤积太多存货,因此员工必须严密监控库存,不能待售罄后,才向供应商订货,因为一旦顾客无法及时获得货源供应,就会转而光顾其他五金店。”</p>
<p>他说,虽然顾客初期对钢铁起价有所抱怨,但过后在了解整个局势后,也习以为常,没有多大投诉。</p>
<p>他也指出,目前,钢铁制成品如铁钉、铁槌与螺丝等,由于市场仍有存货,所以供应商还未调整价格,但却已发出通知要零售商作好面对随时调涨的心理准备。</p>
<p>他预计钢铁价暴涨情况会持续至经济稳定复苏后,才会平稳。</p>
</div>
</div>
<div> <div class="paragraph paragraph--type--image paragraph--view-mode--default">
<div class="image-gallery-wrapper potrait-style">
<div><div>
<div> <img alt="" height="523" src="https://www.enanyang.my/sites/default/files/styles/media_image/public/2020-12/201227a03_c9719-0.jpg?itok=aIbHdqSS" width="325" />
</div>
<div><p>林钰和</p></div>
</div>
</div>
</div>
</div>
</div>
<p><strong>林钰和:顾客怨天天涨价</strong></p>
<p>霹雳华人五金公会总务林钰和指出,目前给予顾客的价格都是依据每天的新价格为基础,虽然开始时顾客会埋怨价格不停上涨,认为商家要赚钱,但后来看到市场情况,各家都在调涨,也就不再有怨言。</p>
<p>林钰和也是怡保通达五金贸易东主,他指出,有关铁板与建筑铁、白锌板与平面板等于10月开始上涨,刚开始时价格是每周波动,但到11月就出现每天波动,每公吨材料上涨介于10至100令吉间,造成商家资金周转受控,原本10万令吉可购买100条铁,但目前只能订购50条。</p>
<p>“此外,商家如铁厂、建筑承包商或机械厂也因为钢铁暴涨而面对放账风险,担心收不回账。”</p>
<p>他说,目前,由于中国、印度等无出口,也造成部分钢铁原料短缺,因此,一些货源必须要等几个月才能获得。</p>
<p>“钢铁价暴涨主要是货运影响,以及市场求过于供,我个人认为一旦英国的变种冠病传播到外国,将再度冲击各国经济,届时钢铁价格将在市场供过于求情况中下滑。”</p><p><br />https://www.enanyang.my</p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-64783993810940301902020-12-20T18:56:00.001+08:002020-12-20T18:56:03.072+08:00行业复苏 求过于供 全球钢铁价暴涨<p><span></span></p><a name='more'></a><br />行业复苏 求过于供 全球钢铁价暴涨<br /><br />(怡保19日讯)因房屋及汽车行业的反弹来得比预期高,全球钢铁行业在今年第四季度出现V型复苏强力推动钢铁产品,甚至铁矿石价格在短时间内已暴涨一倍,使到建筑及制造业等领域难以精准估算成本。<br /><br />马来西亚五金机械建材联合总商会总会长拿督许圣杰指出,市场强劲的需求,以及客户要求提早交货等因素下,钢铁的需求目前已远大于供应。<br /><br />铁矿石价格达7年新高<br /><br />“近期的价格上涨,是对制造成本上涨的回应,铁矿石价格已从去年的每吨70、80美元(约324令吉)飙升至每吨160美元(约648令吉)的7年高点,从而加剧了制造成本。”<br /><br />许圣杰昨晚在怡保举行的该会第11届董事会(2020至2023年)宣誓就职礼表示,全球热轧钢价格急剧上涨,美国的价格为每吨1000美元(约4050令吉)、欧洲及亚洲的价格为每吨700美元(约2835令吉)。<br /><br />全球因疫情肆虐而经济大幅放缓后,今年第四季度迎来复苏现象,尤其是房屋及汽车行业的反弹比预期高,市场的强劲需求推动了钢铁产品,以及用以制造钢铁的原材料铁矿石价格上涨。<br /><br />钢材价格上涨3原因:<br /><br />1. 钢铁业呈V型复苏<br /><br />2. 物流供应短缺及原料价格飙升<br /><br />3. 一些工厂产品因疫情停产或减产,需求相对暴增,造成运输费及物价暴涨与缺货<br /><br />来临佳节物价料涨20%<br /><br />与此同时,中澳关系持续紧张,澳洲因中国的惩罚性关税遭受沉重打击之余,中国钢铁产业也因铁矿石的价格飙升,感受到贸易争端所带来的阵痛,进一步影响全球的钢材价格走势。<br /><br />许圣杰说,特别是即将来临的圣诞节及农历新年,市场上大部分物价预计都会调涨10至20%,业者及消费者务必得留意价格波动。<br /><br />手套厂等加速扩展<br />订单大增却缺货源<br /><br />许圣杰提醒说,在钢铁及铁矿石价格高涨之下,承包商除了要顾虑下标时的价格,避免作出亏损买卖外,也因原料价格高企,某些工程或许需要暂停下来。<br /><br />“不但如此,因疫情导致一些如手套厂及制造基本需要的工厂需加速扩展,导致不少突如其来的订单,令业者需要大量入货应付,甚至也面对货源严缺的问题。”<br /><br />他接受《南洋商报》访问时,这么表示。<br /><br />他说,虽然面对各种物流问题,以及钢铁原料矿沙和废铁价格飙升,导致五金、机械,建材等价格水涨船高,惟碰巧马币对美元升值强稳,业者也从中受益,多少可弥补疫情实施管控令期间的损失。<br /><br />不过他提醒,若制造商及承包商接获工程,务必要小心处理价格高涨的原料,以免蒙受亏损而拖累钢铁五金机械建材业者。<br /><br />他表示,我国预测2021年国内生产总值将会增长6.5至7.5%为一项好消息,建筑业将领先其他行业增长13.9%,该必定能带动钢铁五金机械建材行业。<br /><br />违工人宿合法现不宜严惩<br /><br />对于6月1日起生效,政府于9月1日执法的1990年工人宿合及设施最低标准(2019年修正)法令第446条,许圣杰认为政府在现阶段严格执行有关法令不合时宜,应先建设完善及充足的相关设备。<br /><br />应让雇主有时间调整<br /><br />“本会也建议政府体恤雇主因境,重新修正或暂级实施446法令的条例,按部就班实施法令,让雇主有足够时间作出调整。”<br /><br />他也认为2021年财政预算案,政府应挪出更多拨款及援助金协助商家,以保住员工饭碗,从而降低失业率。<br /><br />会上进行移交新董事会移交签名册仪式,以及总会代表赠送牌匾予许圣杰,祝贺他受封拿督勋衔。<br /><br />出席嘉宾有该会荣誉会务顾问丹斯里方天兴、署理总会长拿督斯里曾年樑、副总会长拿督王隆华、拿督郑达敬、庄国才、林毓峯、王天然、总秘书长苏德招等人。<br /><br />方天兴:我国依赖进口<br />政府应关注建材价格<br /><br />方天兴呼吁政府关注钢材和建材价格国国际走势而上涨的同题,尤其是我国没有生产而必须依赖进口的产品,避免因钢材和建材供应拖延或价格上涨而加重成本影响工程进度。<br /><br />他致词时说,铁矿的国际指数,从去年的每吨80美元,升到今年初的100美元,再涨到目前的每吨160美元,比去年涨了一倍。<br /><br />“钢材成品方面同样水涨船高,这两个月来每吨上涨约200美元;煤、铜、锡与黄金这些主要原产品的价格也上涨。”<br /><br />他指出,钢铁涨价原因包括中国在疫情过后钢铁产量尚未全面恢复、中澳关系紧张衍生贸易矛盾(澳为世界主要媒矿出口国)、全球迎向疫后工程计划落实需求量增,以及海运和货柜严缺、物流运费高涨等原因。<br /><br />方天兴表示,国内方面,疫情和劳工问题也直接影响了厂商生产量下降,需要一段时间才可全面顺利复工复产。<br /><br />“有关现象同样出现在五金领域,尤其是进口货,不只面对价格上涨、货期不准,也面对供应链延迟甚至可能中断的问题。”<br /><br />http://www.enanyang.my<p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-69266558758833078982020-12-17T19:33:00.001+08:002020-12-17T19:33:39.923+08:00LIONIND (4235): LION INDUSTRIES CORP BHD takes over China property developer in RM210m debt settlement by Lion Diversified<p><span></span></p><a name='more'></a> <br />Lion Industries takes over China property developer in RM210m debt settlement by Lion Diversified<br /><br /><br />KUALA LUMPUR (Dec 16): Lion Industries Corp Bhd (LICB) will take over China-based property developer Well Morning Ltd, in a RM210.35 million debt settlement by Lion Diversified Holdings Bhd (LDHB), which is currently in liquidation.<br /><br />Of the total RM210.35 million outstanding debt, LDHB owes RM26.79 million to Antara Steel Mills Sdn Bhd and RM35.17 million to Lion Waterway Logistics Sdn Bhd, both being subsidiaries of LICB, as well as RM148.39 million to Posim Marketing Sdn Bhd, which is a 74% indirect subsidiary of LICB.<br /><br />Well Morning, a wholly-owned subsidiary of LDHB, in turn wholly owns Changshu Lion Enterprise Co Ltd, a property developer based in China.<br /><br />LICB said LDHB was ordered by the High Court of Malaya to be wound up under the provisions of the Companies Act 2016 on Oct 15, 2019. <br /><br />“In view that LDHB is currently in liquidation process, the liquidator of LDHB is therefore not in a position to repay the outstanding secured amount to each of the secured parties. As such, the proposed settlement would enable the secured parties to recover the outstanding secured amount that has been long outstanding. <br /><br />“The proposed settlement will result in a net gain after minority interest of RM162 million to the LICB group which will strengthen its financial position,” said the group.<br /><br />The net gain will translate to a rise of approximately 24 sen per share for its financial year ending June 30, 2021, it said.<br /><br />LICB rose 4.5 sen or 10.5% to close at 47.5 sen, giving a market capitalisation of RM341.01 million.<br /><br />http://www.theedgemarkets.com/article/lion-industries-takes-over-china-property-developer-rm210m-debt-settlement-lion-diversified<br /><br /><p></p>Adminhttp://www.blogger.com/profile/16609839271303069034noreply@blogger.comtag:blogger.com,1999:blog-25058915.post-19615880735300780792020-12-09T20:46:00.000+08:002020-12-09T20:46:13.733+08:00 《钢铁大趋势,势不可挡?》Annjoo, Ssteel, Masteel, Lionind - 听见股市【钢铁大趋势,势不可挡?】<br /> 随着钢铁价格走高,四大钢铁公司 Annjoo, SSteel, Masteel, Lionind的股价齐齐走高,2017钢铁大趋势是否会历史重演?<br />回顾历史,2016-2018钢铁大趋势是由3大主因催化而成:<br />1)中国钢铁大幅减产,<br />2)大马政府实行钢铁反倾销税,<br />3) 本地基建蓬勃发展,<br />而这一次的上涨,主要是因为中国经济复苏,基础设施发展陆续重返正轨,导致钢铁需求上升。<br />从基本面角度来看,个人觉得本地钢铁公司业绩要恢复当年勇有一定难度,原因如下:<br />1)钢铁价格走高的同时,钢铁原料(Iron Ore)的价格同样走高。<br />2)本地钢铁出口到中国的多数是半成品semi-finished products such as e.g. billets为主,赚幅较低。<br />3)中国是最大钢铁生产国,本地钢铁出口到中国必须经历强劲竞争。 <br />再来,本地钢铁业者要翻生的催化剂,绝对不能少了本地基建的带动。随着Budget 2021公布,许多大型基建工程预计将2021 2H陆续动土,可惜,到时候钢铁价可能会因为中国钢铁业者大量增产而回落(Normalized)<br />加上自2018年起,本地钢铁业者又多了一个强敌-中企联合钢铁Alliance Steel (年产350万吨钢铁)<br />个人觉得今天钢铁业的“未来盈利清晰度”对比三年前似乎还不够清晰,所以股价涨势要像3年前一样强势的可能性应该不高。<br />供君参考,纯属分享,没有买卖建议,买卖请自负<br /><br />https://klse.i3investor.com/blogs/tjgs/2020-12-09-story-h1537503550.jsp<br /><br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-11978913373269102432020-12-08T08:07:00.005+08:002020-12-08T08:08:02.439+08:00《钢铁大趋势,势不可挡?》 - 听见股市 <p><span></span></p><a name='more'></a><br /><p></p><p>
<img height="600" src="https://klse.i3investor.com/files/my/blog/img/bl6624_steel_cover_photo_1.jpg" width="600" /></p>
<p>
</p>
<p>
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">随着钢铁价格走高,四大钢铁公司 Annjoo, SSteel, Masteel, Lionind的股价齐齐走高,2017钢铁大趋势是否会历史重演?</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">回顾历史,2016-2018钢铁大趋势是由3大主因催化而成:</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">1)中国钢铁大幅减产,</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">2)大马政府实行钢铁反倾销税,</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">3) 本地基建蓬勃发展,</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">而这一次的上涨,主要是因为中国经济复苏,基础设施发展陆续重返正轨,导致钢铁需求上升。</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">从基本面角度来看,个人觉得本地钢铁公司业绩要恢复当年勇有一定难度,原因如下:</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">1)钢铁价格走高的同时,钢铁原料(Iron Ore)的价格同样走高。</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">2)本地钢铁出口到中国的多数是半成品semi-finished products such as e.g. billets为主,赚幅较低。</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">3)中国是最大钢铁生产国,本地钢铁出口到中国必须经历强劲竞争。</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">再来,本地钢铁业者要翻生的催化剂,绝对不能少了本地基建的带动。随着Budget 2021公布,许多大型基建工程预计将2021 2H陆续动土,可惜,到时候钢铁价可能会因为中国钢铁业者大量增产而回落(Normalized)</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">加上自2018年起,本地钢铁业者又多了一个强敌-中企联合钢铁Alliance Steel (年产350万吨钢铁)</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">个人觉得今天钢铁业的“未来盈利清晰度”对比三年前似乎还不够清晰,所以股价涨势要像3年前一样强势的可能性应该不高。</span><br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<br style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;" />
<span style="color: #050505; font-family: "Segoe UI Historic", "Segoe UI", Helvetica, Arial, sans-serif; font-size: 15px;">供君参考,纯属分享,没有买卖建议,买卖请自负</span><br />
</p>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif;">
跟踪我们其他分享平台以获得更多股票投资资讯</div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif;">
Facebook: http://bit.ly/听见股市facebook</div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif;">
Telegram: http://bit.ly/听见股市OfficialChannel</div>
<p><br /> https://klse.i3investor.com/blogs/tjgs/2020-12-07-story-h1537471806.jsp</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-24526295807209962002020-06-10T21:46:00.001+08:002020-06-10T21:46:29.863+08:00What does the disposal means forn LIONIND (4235) Lion Industries' shareholders and what is happening in the regional steel industry? <br />
<a name='more'></a>What does the disposal means forn LIONIND (4235) Lion Industries' shareholders and what is happening in the regional steel industry? <br /><img height="568" src="https://klse.i3investor.com/files/my/blog/img/bl2701_10_antara_steel_disposal.png" width="600" /><br /><br /><br />Lion Industries Corp had disposed of its 100% equity interest in Antara Steel Mills Sdn Bhd for USD 128 million cash to Esteel Enterprise Pte Ltd. Antara Steel Mills owns a hot-briquetted iron (HBI) plant in Labuan.<br /><br />For your information, Hot Briquetted Iron (HBI) is a relatively new product, developed in the past 25 years, as a supplement for pig iron and scrap in the electric furnace steel mill.<br /><br />The transaction is priced at 5x the price to book ratio and 5.08x the P/E Ratio of FY 2019. This transaction is expected to increase the net asset per share by approx. 63.62 cents. If you are expecting a special dividend from Lion Industries, you are going to be disappointed. The proceeds of the disposal will be used as working capital and new investment opportunities. Also, Lion Industries has ceased declaring dividends since FY 2013. Even in the good years like FY 2017 or FY 2018, no dividends are declared.<br /><br />[Outlook for Lion Industries remain bleak]<br /><br />Lion Industries Corp had been undergoing a series of restructuring since 2018.<br /><br />• In Jul 2018, Lion Industries acquired a flat steel manufacturing plant in Banting for RM 537.73 million<br /><br />• In Jan 2019, Lion Industries disposed of its entire 50% stake in Singapore based company, Angkasa Amsteel to South Korea steel manufacturer, Daehan Steel for SGD 26.65 million.<br /><br />We do not know what the company’s management is planning. The company has been selling some assets and acquiring some assets. No long term strategic plan has been discussed in its annual report too. When we look at Parkson Holdings Bhd, the company managed by the same management, it is very hard to believe that Lion Industries Corp can be turned around when the business environment is harsh and the management remains the same. Parkson Holdings Bhd's share price and gone all the way down in the past 10 years and its financial performances are deteriorating.<br /><br />The share price performance of Lion Industries today has further proved that investors lack confidence in this company. Although the disposal will generate a huge disposal gain, the share price moves by a mere 4 cents (14%) today, still way below its NTA of more than RM 2.<br /><br />In short, I will avoid companies like Lion Industries Corp Bhd. As a contrary, Ann Joo Bhd and Masteel are good examples of how management should convey their message to the public.<br /><br />[Positive view for steel industry]<br /><br />Looking at a broader landscape, we are quite bullish on the steel manufacturing industry. A few days back, Malaysia Finance Minister, Tengku Zafrul announced that there is so much monetary policy can do. The government will start implementing fiscal policy to revitalise the local economy. In layman term, it means the government had printed enough money and will start some mega project to jump-start the economy. This is definitely something positive for steel and cement counters.<br /><br />[Consolidation wave among regional steel manufacturer]<br /><br />Besides the local factor, we are also seeing a wave of consolidation among the region steel players.<br /><br />The acquirer of Antara Steel Mill, Esteel Enterprise Pte Ltd (Esteel) is owned by 2 China nationality investors, You Zhen Hua and Liu Bin via their investment vehicle Advance Venture Investments Limited (80.1%) and Toptip Holding (19.9%)<br /><br />In Sept 2017, Esteel made a mandatory general over to acquire Singapore listed BRC Asia Ltd at SGD 0.925 per share. BRC Asia is a company with more than 80 years history and is involved in manufacturing rebar, mesh wire and pre-fabricated iron cage. In July 2018. BRC Asia acquired another Singapore listed steel trading company, Lee Metal for SGD 200 million.<br /><br />We believe more acquisition will come by in the near future and the regional steel industry will be shaped differently from the fragmented landscape today. Ann Joo Bhd and Southern Steel Bhd previous plan to merge is the best indicator to prove our theory. If you are looking to gain exposure in this industry, focus on the big players. Small players will be squeezed out from the market for sure.<br /><br />[Useful Tools]<br /><br />The image in this post is a screenshot from a tool developed by iSquare Intelligence. This tool helps investors to keep track the corporate events happening on Bursa Malaysia. Instead of spending hours to find that information from Bursa, we get this information within seconds. Here's the link to the tool.<br /><br />Find out more insights from Donkey Stock <a href="https://www.donkeystock.biz/" target="_blank">here</a>.<br /><br />https://klse.i3investor.com/blogs/donkeystocks/2020-06-10-story-h1508727362-What_does_the_disposal_means_for_Lion_Industries_shareholders_and_what_.jsp<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-20299586259424324212020-04-22T07:41:00.001+08:002020-04-22T07:41:52.488+08:00[Facebook live video:浅谈LIONIND (4235) 金狮工业 Lion Industries Corp bhd (LionInd)] - James的股票投资James Share Investing<br />
<a name='more'></a><br />
<b>浅谈Lion Industries Corp bhd (LionInd)</b><br />
-----------------------------<br />
James Ng Stock Pick <b>Performance:</b><br />
Since Recommended Return:
<br />
a) <b>FRONTKN (FRONTKEN CORP BHD),</b> recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.07 (dividend RM0.04)<b> in 1 year 8 months 9 days, total return is 195.1%</b><br />
b) <b>KKB (KKB ENGINEERING BHD)</b>, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.63 (dividend RM0.04) <b>in 1 year 9 months 20 days, total return is 110.1%</b><br />
c) <b>MI (MI TECHNOVATION BERHAD)</b>, recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.03 (adjusted)(dividend RM0.055) <b>in 10 months 19 days, total return is 84.7%</b><br />
d) <b>JAKS (JAKS RESOURCES BHD),</b> recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.00 <b>in 1 year 3 months 1 day, total return is 73.9%</b><br />
e) <b>PWROOT (POWER ROOT BHD),</b> recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.26 (dividend RM0.148)<b> in 1 Year 6 months 14 days, total return is 51.4%</b><br />
我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):<br />
<b><span style="font-size: 16px;">预计公司每年的增长率必须> 14%</span></b><br />
我想说服读者学习基本面分析FA以便能从股市赚钱。<br />
我为想从马来西亚股票市场赚钱的读者提供<b><span style="font-size: 16px;">STOCK PICK服务</span></b>。想订阅我的邮件以从股票市场获取良好回报的人,可以通过jamesngshare@gmail.com 或我的FB页面与我联系。<br />
1)【<b><span style="font-size: 16px;">看懂年报和季报】课程:</span></b><br />
11a.m. – 7p.m.,免费茶和咖啡<br />
7月5日星期日:Espira Sri Petaling, KL 3份点心<br />
7月11日星期六:Silka Johor Bahru Hotel, Johor Bahru 7份点心<br />
7月19日星期日:AG Hotel Penang, George Town 2份点心<br />
2)【<b><span style="font-size: 16px;">股票-实际操作班】课程:</span></b><br />
10a.m. – 9p.m.,免费午餐和晚餐<br />
7月4日星期六:Espira Sri Petaling, KL<br />
7月12日星期日:Silka Johor Bahru Hotel, Johor Bahru<br />
7月18日星期六:AG Hotel Penang, George Town<br />
有兴趣的朋友,可以电邮或PM FB page联络我<br />
email:jamesngshare@gmail.com<br />
电话/Whatsapp : 011 - 15852043<br />
Facebook Group: <a class="profileLink" data-hovercard-prefer-more-content-show="1" data-hovercard="/ajax/hovercard/group.php?id=371086966701968&extragetparams=%7B%22fref%22%3A%22mentions%22%7D" href="https://www.facebook.com/groups/jamesinvesting/?fref=mentions&__xts__%5B0%5D=68.ARC74MqK95fJ4MWLfzPd_4P3AzFDzbECLsS8jVucPK15B0j1woo0Yojw3PG7iYhC2rSDWly2Hqche4Ljkd6Fap7KzrW0z7XMiwziXNUYPYbnob1i0ggOzO2876hsYgpd-BFM1Q_XBzpufTaDU-sqVGxsp_rSPpoH8osvUDeTJo1hXtRhpbwqBPdxKZmPxxjUTEDWDVX1KCCr2gBLhpVLwFaXBXpu-EwvXSiMPGty15g_I1Jni-9MbzOkZlgyYoc11tC6cf7brKx7xzDq4TNaxo3O3zCTBOwhDosDWy1hec1yWQSET17dF7c4KlQHrElUZo_AORu8K710H6mFthwGSpbnVEhVZvxpMfc&__tn__=K-R">https://www.facebook.com/groups/jamesinvesting</a><br />
这个是我的TELEGRAM Group链接,大家可以在这个Group获知何时做Fb live: <a data-ft="{"tn":"-U"}" data-lynx-mode="async" data-lynx-uri="https://l.facebook.com/l.php?u=https%3A%2F%2Ft.me%2Fjoinchat%2FLhwHNhdU1fDgxrSafTrTiw%3Ffbclid%3DIwAR2BoVRcocKqtf863zxT4lSKgvf_6qnfX0d9ziYedRPstbfPfLAa-DKwfgI&h=AT2aUoQeCz689FajEAmjkDGg_zXh8G13ZRWkFN1w8HFI11uUKTPzBvs0Ht4a6HafF4RaRJsHUPLlPEY34JBiE9-Ixdx1D0pef_xY6XxBEFXmyekbZO3LV3Z-LXfDGHuTRRxY5tphpbzDkY816ratn6f-yxXtyKZ7x8hPaWPaeQRZLXm1bvFTN_nLm_P10cM0t8w9Wcykt7IEDyDIzH7RqNvQHn97oPiuiHP-xA3xcU2jU4StzokrRb__W5yjEhY2hDTgmIualYezYiKCu2qPlzcpESXk_nNbkrMyFZ8ltJ7zjiamwduVjte0L5vHHuJIYAP9D33UJM-UnM8cKUl7gGMU7BY98PGJKrW1SiWnmtYluJoRcCyrsp8VbhZwkXvQUHvR-uLlqGfOuzqxuaVesv444RhGvQ00PC4khySMQhqYUxachDBQAfR30HVnhV9rw-KbbnYPzVYHpdk8wqnK8OmwE2RJ4TU261p7eW4IWd1HIBgztTZGescFUI-2JrlS0ifTCCimtBQ45UsVa1u6iKUHMReobb2awy3atu1jaZMe9ag6WvaUyB953mQ6eek0XXdy2-56_nqskj1Gdluc0OxxIb_GsPQMYZSHe5ojfYOvYIOtDPNKUurSKoxKaB392FM-VITm6v7QBcw" href="https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw?fbclid=IwAR2BoVRcocKqtf863zxT4lSKgvf_6qnfX0d9ziYedRPstbfPfLAa-DKwfgI" rel="noopener nofollow" target="_blank">https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw</a><br />
请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest<br />
这个分享纯属讨论以及领域的分析,买或卖自负。请Like和Share这个post。最终决定永远是你的,谢谢。<br />
James Ng<br />
<iframe frameborder="0" height="274" scrolling="no" src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2Fjamesshareinvest%2Fvideos%2F687256318767754%2F" width="560"></iframe>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-34335891231536902402020-04-08T20:38:00.000+08:002020-04-08T20:38:48.292+08:00Industry Comparison – Steel Products<br />
<a name='more'></a><br /><br />
<div class="MsoNormal">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sector : </span></b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Basic
Material</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sub
Sector :</span></b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">
Metals & Mining</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">This comparison would
look into companies that manufacture and trading steel products. There twenty
(20) companies in this industry:</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">1) <a href="https://aisberhad.com.my/">AISB(2682) – AMALGAMATED INDUSTRIAL STEEL BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">2) <a href="http://www.annjoo.com.my/">ANNJOO(6556) – ANN JOO RESOURCES BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">3) <a href="http://www.attaglobalgroup.com/">ATTA(7099) – ATTA GLOBAL GROUP BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">4) <a href="http://www.choobee.com.my/">CHOOBEE(5797) – CHOO BEE METAL INDUSTRIES BHD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">5) <a href="http://www.cscmalaysia.com/">CSCSTEL(5094) – CSC STEEL HOLDINGS BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">6) <a href="https://www.dynaciategroup.com.my/">DYNACIA(5178) – DYNACIATE GROUP BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">7) <a href="http://www.eonmetall.com/">EMETALL(7217) – EONMETALL GROUP BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">8) <a href="http://www.htgrp.com.my/">HIAPTEK(5072) – HIAP TECK VENTURE BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">9) <a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=5060">KINSTEL(5060) – KINSTEEL BHD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">10) <a href="http://www.leonfuat.com.my/">LEONFB (5232) – LEON FUAT BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">11) <a href="http://www.lion.com.my/WebCorp/licb.nsf/corp_profile">LIONIND (4235) – LION INDUSTRIESCORPORATION BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">12) <a href="http://www.masteel.com.my/">MASTEEL (5098) – MALAYSIA STEEL WORKS(KL) BHD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">13) <a href="http://www.melewar-mig.com/">MELEWAT (3778) – MELEWAR INDUSTRIALGROUP BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">14) <a href="http://www.mycronsteel.com/">MYCRON (5087) – MYCRON STEEL BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">15) <a href="https://pantech-group.com/">PANTECH (5123) – PANTECH GROP HOLDINGSBERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">16) <a href="http://www.prestar.com.my/">PRESTAR (9873) – PRESTAR RESOURCESBERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">17) <a href="http://southsteel.com/">SSTEEL (5665) – SOUTHERN STEEL BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">18) <a href="http://www.wengzheng.com/">WZSATU (7245) – WZ SATU BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">19) <a href="http://ykgigroup.com/">YKGI (7020) – YKGI HOLDINGS BERHAD</a></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman", serif; font-size: 16pt; text-indent: -18pt;">20) <a href="http://www.yli.com.my/">YLI (7014) – YLI HILDINGS BERHAD</a></span></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Competitiveness</span></u></b></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><a href="https://www.investopedia.com/terms/m/marketshare.asp">Market shares</a></span> <span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">is
an importance indicator to determine the competitiveness of the company. Total
revenue make from manufacturing and trading of steel products for the year 2018
is <b>RM 17,757,458,945</b>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">REVENUE (STEEL
PRODUCT) 2018 (RM)</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">MARKET SHARE
(%)</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://aisberhad.com.my/">AISB (2682)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2,317,942</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.01</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.annjoo.com.my/">ANNJOO (6556)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2,321,422,000</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">13.07</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.attaglobalgroup.com/">ATTA (7099)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">155,857,852</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.88</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.choobee.com.my/">CHOOBEE (5797)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">500,258,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.82</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.cscmalaysia.com/">CSCSTEL (5094)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1,381,471,225</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7.78</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.dynaciategroup.com.my/">DYNACIA (5178)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">62,367,153</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.35</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.eonmetall.com/">EMETALL (7217)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">125,860,073</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.71 </span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.htgrp.com.my/">HIAPTEK (5072)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1,127,777,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">6.35</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=5060">KINSTEL (5060)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">167,376,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.94</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.leonfuat.com.my/">LEONFB (5232)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">597,401,593</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.36</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.lion.com.my/WebCorp/licb.nsf/corp_profile">LIONIND (4235)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3,175,173,000</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">17.88</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.masteel.com.my/">MASTEEL (5098)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1,496,853,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">8.43</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.melewar-mig.com/">MELEWAT (3778)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">821,043,984</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4.62</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.mycronsteel.com/">MYCRON (5087)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">546,856,003</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.08</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://pantech-group.com/">PANTECH (5123)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">614,771,219</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.46</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.prestar.com.my/">PRESTAR (9873)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">577,410,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.25</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://southsteel.com/">SSTEEL (5665)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3,698,191,000</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">20.83</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.wengzheng.com/">WZSATU (7245)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">64,241,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.36</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://ykgigroup.com/">YKGI (7020)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">222,209,901</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.25</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.yli.com.my/">YLI (7014)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 7.0cm;" valign="top" width="265">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">99,601,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 109.4pt;" valign="top" width="146">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.56</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Of the twenty companies, only three companies had
more than 10% of the market shares which are SSTEEL (20.83 %), LIONIND (17.88
%) and ANNJOO (13.07 %).</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Operational</span></u></b></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">For operational, <a href="https://www.investopedia.com/terms/o/operatingincome.asphttps://www.investopedia.com/terms/o/operatingincome.asp">operating income</a></span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"> of the companies had been review. Operating
income determine how much the companies’ revenue had turn into profit after
reduction cost of <a href="https://www.investopedia.com/terms/o/operating_expense.asp">operating expense</a>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Besides operating income, <a href="https://efinancemanagement.com/financial-analysis/operating-margin-ratio">operating margin ratio</a> </span><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">is
also calculated. Companies with higher operating margin ratio have more
probability to survive in today financial crisis. The median operating margin
ratio for this group of companies for 2018 is <b>3.78 %.</b></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><b><br /></b></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 OPERATING
INCOME (RM)</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 OPERATING
MARGIN RATIO</span></b></div>
</td>
</tr>
<tr style="height: 7.15pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid windowtext 1.0pt; height: 7.15pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://aisberhad.com.my/">AISB (2682)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 7.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">- 393,439</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 7.15pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-16.97</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.annjoo.com.my/">ANNJOO (6556)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">138,966,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.99</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.attaglobalgroup.com/">ATTA (7099)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4,999,026</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.21</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.choobee.com.my/">CHOOBEE (5797)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">43,325,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">8.66</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.cscmalaysia.com/">CSCSTEL (5094)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">22,528,621</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.63</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.dynaciategroup.com.my/">DYNACIA (5178)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-
4,822,932</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-7.73</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.eonmetall.com/">EMETALL (7217)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4,256,411</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.38</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.htgrp.com.my/">HIAPTEK (5072)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">94,494,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">8.38</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=5060">KINSTEL (5060)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">- 503,421,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-300.78</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.leonfuat.com.my/">LEONFB (5232)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">94,988,901</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">15.90</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.lion.com.my/WebCorp/licb.nsf/corp_profile">LIONIND (4235)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">196,237,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">6.18</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.masteel.com.my/">MASTEEL (5098)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">20,746,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.39</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.melewar-mig.com/">MELEWAT (3778)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">28,107,719</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.42</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.mycronsteel.com/">MYCRON (5087)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">21,946,362</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4.01</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://pantech-group.com/">PANTECH (5123)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">71,473,004</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">11.63</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.prestar.com.my/">PRESTAR (9873)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">20,471,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.55</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://southsteel.com/">SSTEEL (5665)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">270,040,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7.30</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.wengzheng.com/">WZSATU (7245)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7,184,000</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">11.18</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://ykgigroup.com/">YKGI (7020)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7,252,644</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.28</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.yli.com.my/">YLI (7014)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 148.85pt;" valign="top" width="198">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-6,093,000</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 159.0pt;" valign="top" width="212">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="color: red; font-family: "Times New Roman","serif"; font-size: 16.0pt;">-6.12</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">This sector of industry is in recession in 2018 itself
four out of twenty companies (20 %) operated in this sector had negative
operating income. In additional to that, from 2014 – 2019 only seven companies
out of twenty (35 %) have no negative operating income year. The companies are
CHOOBEE, EMETALL, HIAKTEK, LEONFB, PANTECH, PRESTAR and WZSATU.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Three companies having operating margin ratio for
more than 10 % in 2018 which are LEONFB (15.90%), PANTECH (11.63 %) and WZSATU
(11.18 %).</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sustainability</span></u></b></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">For the sustainability of the business, debt of the
companies is being review. There are two criteria to look at <a href="https://www.investopedia.com/terms/i/interestcoverageratio.asp">interest coverageratio</a></span>,<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">
which is used to determine how easy the companies able to pay off the interest
of outstanding debt and <a href="https://www.investopedia.com/terms/d/debtratio.asp%29">debt ratio</a></span>.
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">The
median debt ratio for 2018 is <b>0.47</b>.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 INTEREST
COVERAGE RATIO</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2018 DEBT
RATIO</span></b></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://aisberhad.com.my/">AISB (2682)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No Financial
Cost</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.05</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.annjoo.com.my/">ANNJOO (6556)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.25</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.51</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.attaglobalgroup.com/">ATTA (7099)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">19.06</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.10</span></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.choobee.com.my/">CHOOBEE (5797)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">217.71</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.08</span></b></div>
</td>
</tr>
<tr>
<td style="background: #92D050; border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.cscmalaysia.com/">CSCSTEL (5094)</a></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No Financial
Cost</span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.12</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.dynaciategroup.com.my/">DYNACIA (5178)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">-0.85</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.69</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.eonmetall.com/">EMETALL (7217)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.38</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.47</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.htgrp.com.my/">HIAPTEK (5072)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.15</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.46</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=5060">KINSTEL (5060)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">-23.98</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.41</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.leonfuat.com.my/">LEONFB (5232)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7.55</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.47</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.lion.com.my/WebCorp/licb.nsf/corp_profile">LIONIND (4235)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">10.12</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.34</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.masteel.com.my/">MASTEEL (5098)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.32</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.52</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.melewar-mig.com/">MELEWAT (3778)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.73</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.54</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.mycronsteel.com/">MYCRON (5087)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.91</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.41</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="https://pantech-group.com/">PANTECH (5123)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">7.31</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.30</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.prestar.com.my/">PRESTAR (9873)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.24</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.47</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://southsteel.com/">SSTEEL (5665)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.56</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.61</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.wengzheng.com/">WZSATU (7245)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.56</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.55</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://ykgigroup.com/">YKGI (7020)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.84</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.86</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 154.25pt;" valign="top" width="206">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;"><a href="http://www.yli.com.my/">YLI (7014)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 163.0pt;" valign="top" width="217">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">-3.23</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.85pt;" valign="top" width="193">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.38</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">AISB, CHOOBEE and CSCSTEL are good companies for
sustainability because they has either high or no interest coverage ratio and
low debt ratio.</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Summary</span></u></b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"></span></u></div>
<div class="MsoNormal">
<b><u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></b></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">In summary a point is given to each company to evaluate
each company competitiveness, operational and sustainability. Points given are as
follows:</span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Competitiveness</span></u></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 15 % Market Shares</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">10.01
% - 15.00 % Market shares</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.01
% - 10.00 % Market shares </span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.51
% - 5.00 % Market shares </span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.00
% - 2.50 % Market shares </span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 1%</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Operational</span></u></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 10.00 Operating Margin</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">5.01
– 10.00 Operating Margin</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">4</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3.01
– 5.00 Operating Margin </span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2.01
– 3.00 Operating Margin </span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1.01
– 2.00 Operating Margin </span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.00
– 1.00 Operating Margin</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Disqualified</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;">Sustainability</span></u></div>
<div class="MsoNormal">
<u><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%;"><br /></span></u></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">No
Financial Cost</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 10 Interest Coverage Ratio</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 10 Interest Coverage Ratio</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Criteria</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Point</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Less
than 0.25</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">3</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.25
– 0.50</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">2</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0.50
– 0.60</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">1</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 359.8pt;" valign="top" width="480">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; tab-stops: 240.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">Greater
than 0.60</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 102.3pt;" valign="top" width="136">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt;">0</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">COMPANY</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Competitiveness</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Operational</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Sustainability</span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: center;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">Total</span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="https://aisberhad.com.my/">AISB
</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="https://aisberhad.com.my/">(2682)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoListParagraphCxSpFirst" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoListParagraphCxSpLast" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; mso-add-space: auto; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.annjoo.com.my/">ANNJOO (6556)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">4</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.attaglobalgroup.com/">ATTA
</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.attaglobalgroup.com/">(7099)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">4</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.choobee.com.my/">CHOOBEE (5797)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">4</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">4</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">10</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.cscmalaysia.com/">CSCSTEL (5094)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="https://www.dynaciategroup.com.my/">DYNACIA (5178)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.eonmetall.com/">EMETALL (7217)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.htgrp.com.my/">HIAPTEK (5072)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">4</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">9</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="https://www.bursamalaysia.com/trade/trading_resources/listing_directory/company-profile?stock_code=5060">KINSTEL (5060)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.leonfuat.com.my/">LEONFB (5232)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">7</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.lion.com.my/WebCorp/licb.nsf/corp_profile">LIONIND (4235)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.masteel.com.my/">MASTEEL (5098)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.melewar-mig.com/">MELEWAT (3778)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.mycronsteel.com/">MYCRON (5087)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="https://pantech-group.com/">PANTECH (5123)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">9</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.prestar.com.my/">PRESTAR (9873)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">3</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">7</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://southsteel.com/">SSTEEL (5665)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.wengzheng.com/">WZSATU (7245)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">5</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">6</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://ykgigroup.com/">YKGI
</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://ykgigroup.com/">(7020)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">1</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.45pt;" valign="top" width="121">
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.yli.com.my/">YLI</a></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;"><a href="http://www.yli.com.my/">(7014)</a></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 4.0cm;" valign="top" width="151">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">0</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 3.0cm;" valign="top" width="113">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 99.25pt;" valign="top" width="132">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">2</span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 73.95pt;" valign="top" width="99">
<div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: right;">
<span style="font-family: "Times New Roman","serif"; font-size: 14.0pt;">DIS</span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
</div>
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%; mso-ansi-language: EN-MY; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">From the evaluation
above, no companies manufacturing & trading steel product is worth for
further evaluation.</span><br />
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%; mso-ansi-language: EN-MY; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><br /></span>
<span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 115%; mso-ansi-language: EN-MY; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><span style="color: #0000ee; font-family: "times new roman", serif; font-weight: 700; text-align: justify;">Summary of Stock Reviews</span></span><br /><br />http://ivkls.blogspot.com/2020/04/industry-comparison-steel-products.htmlUnknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-53190340412244324502020-02-16T20:33:00.002+08:002020-02-16T20:33:35.256+08:00LION INDUSTRIES CORPORATION BERHAD LIONIND (4235) 金狮工业 传寻求聘请高层‧拟今年末季开始扁钢业务<br />
<a name='more'></a>LION INDUSTRIES CORPORATION BERHAD LIONIND (4235) 金狮工业 传寻求聘请高层‧拟今年末季开始扁钢业务<br /><br />(吉隆坡15日讯)根据消息指出,金狮工业(LIONIND,4235,主板工业产品服务组)据知在寻求聘请高层执行人员,并有意在今年第四季开始扁钢业务。<br /><br />市场持怀疑态度<br /><br />虽然金狮工业管理层似乎对这项新业务感到乐观,但市场观察人员对此感到怀疑。<br /><br />金狮工业主要生产用在建筑业的长钢,而所接手的万佳钢铁资产用在生产热轧卷;热轧卷主要由下游制造商使用来生产包括扁钢产品在内的钢制品,用在汽车和电器。<br /><br />根据一名扁钢业者透露:“我们不知道丹斯里锺廷森的计划收费如何,但营运大环境在万佳钢铁关闭(2016年8月)后,迄今还是非常挑战。”<br /><br />他们表示,万佳钢铁关闭后,在越南的台商钢铁厂和韩商背景的印尼钢铁厂加强在大马的进驻,而在东盟贸易协议下,这些国家热轧卷进口大马无征关税。<br /><br />熟悉金狮集团的消息指出,在与万佳钢铁债权人达致协议后,金狮工业可在无债负担下开始业务。<br /><br />他解释:“金狮集团的目标是供应这产品给东南亚国家。这些国家的高级钢材从日韩进口,这特定市场的竞争不大。”<br /><br />问题是,进军的扁钢业务,金狮集团内有其他两家公司业务是相同的。<br /><br />熟悉金狮的消息补充:“政府很支持制造业,也以措施鼓励和支持本地钢铁厂和外国公司在公平的竞争下一较长短。”<br /><br />金狮集团未回应《THE EDGE》的询问。<br /><br />市场与股东关注成果<br /><br />金狮工业是以6亿3800万令吉收购万佳钢铁的资产。而该公司股东在去年11月大部份(55.34%)同意该公司多元化业务至扁钢生产。<br /><br />金狮工业在去年1月以8090万令吉脱手新加坡钢铁公司安卡萨AMSTEEL的50%股权,筹资进军扁钢业务,市场与公司股东会密切关注这计划的成果。<br /><br />https://www.sinchew.com.my/content/content_2217900.html<br />Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-17336636245538471502019-12-06T14:06:00.001+08:002019-12-06T14:06:18.369+08:00LIONIND (4235) - AGM 2019 Details<br />
<a name='more'></a><br /><br />
<div class="margint30" id="blogcontent" itemprop="articleBody">
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
<strong>[LIONIND (4235) - AGM 2019 Details]</strong></div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
<img height="183" src="https://klse.i3investor.com/files/my/blog/img/bl5959_download.jpg" width="275" /></div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
<img height="660" src="https://klse.i3investor.com/files/my/blog/img/bl5959_capture_7.jpg" width="600" /></div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
<br />
Lion Industries Corp. Bhd. Is a company primarily engaged in the steel
business. In addition to the steel industry, LIONIND also conducting
other businesses. Here is the summary of the business.<br />
<br />
<strong>Steel Business:</strong><br />
Klang (Amsteel Mills Sdn Bhd)<br />
Banting (Amsteel Mills Sdn Bhd)<br />
Johor (Antara Steel Mills Sdn Bhd)<br />
Labuan (Antara Steel Mills Sdn Bhd)<br />
<br />
<strong>Building Materials Business:</strong><br />
Lion Forest Industries Berhad (74%)<br />
<br />
<strong>Other Business:</strong><br />
Petroleum Lubricants and Automotive Products (74%)<br />
Parkson Holding Berhad (28%)<br />
<br />
<strong>Q&A Time:</strong></div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
Q1: On page 61 of the annual report, the company's turnover has fallen.
Why did other expenses increase from RM 85mil to RM 127mil last year?</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 0px 0px 6px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
A1: In 2019, steel prices have fallen by 20%, hence the company's needs
to be adjusted appropriately. And we have Stock Written Down of about
RM 50mil last year.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Q2: I see Trade Receivable has RM 721mil impairment. What happened? Can the amount of RM 721mil be recovered?</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
A2: This is about MegaSteel. Currently MegaSteel has been doing debt
restructuring. After the debt restructuring, we will receive a part of
the fund.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Q3: Do you think company will perform better on next year?</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
A3: Most steel companies are not doing well, mainly because of the
economic and real estate downturn. We hope that real estate and
infrastructure projects will continue to improve in the future. And on
top of that, we are also facing many fierce competition, such as
Alliance Steel.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
We have also discussed the state of the steel industry with the
government, and the government knows the steel industry situation. At
present, Malaysia's steel production is 12mil mt, but in fact the steel
utilisation rate is about 4.4mil mt. The excessive output has led to low
steel prices.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Q4: Why does Sales go down, but Purchase goes up? Does the company do any hedging?</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
A4: We purchase the same amount of raw materials as previous year, but
the material price has increased, moreover it is in USD. USD
appreciation has a certain cost impact on us. The company did not do any
hedging.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Q5: The company has cash in hand, why not pay dividends?</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
A5: Under the Companies Act 2016, we are unable to pay dividends. This is because the company is not making money.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Q6: Since Parkson has been losing money, why not sell it?</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
A6: As far as we know, Parkson is already in transition. Their business
in China has grown a lot. We believe there is hope in the future.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<hr />
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
<br />
<br />
<strong>Team Opinion:</strong></div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
LIONIND's loss in profit last year was mainly due to price falling in
steel and rising in raw materials cost. With the current tough operating
environment, the demand of real estate and infrastructure industries
still remain low. It seems that the management has difficulties to
change the situation and make the company perform better.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
In order to make the company profitable, management will look into
other business opportunities, and hoping to reverse the current
difficulties. As for the plant bought for Flat Steel, this acquisition
also has to wait a year before it can begin to contribute to
profitability, and it must produce 50% of its output before it starts to
be profitable.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
According to the management, the China-US trade war has caused Chinese
steel manufacturers to sell steel across Asia Pacific, and in which the
steel prices remain volatile in Malaysia. Although Malaysia has a Safe
Guard Tax (Tax for Local Businesses), it doesn't help much for Steel
industry.</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
<br />https://klse.i3investor.com/blogs/LouisYapInvestment/243261.jsp </div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
<span style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Louis Yap</span></div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Facebook:</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
<a href="https://www.facebook.com/louisinvestment/" rel="nofollow" style="color: #0066aa; text-decoration-line: none;" target="_blank">https://www.facebook.com/louisinvestment/</a></div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
Web Site:</div>
<div style="color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; margin: 6px 0px;">
<a href="https://www.wealtharchitect2u.com/" rel="nofollow" style="color: #0066aa; text-decoration-line: none;" target="_blank">https://www.wealtharchitect2u.com/</a></div>
</div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-34993967942464732882019-12-06T13:07:00.002+08:002019-12-06T13:07:39.945+08:00Lionind- AGM - 未来一年都不用看了。<br />
<a name='more'></a><span style="font-size: large;"><br /></span><br />
<div style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: block; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0px 0px 6px; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">Lion Industries Corp. Bhd.是一家主要经营钢铁业务的公司。除了钢铁业,Lionind 也有经营其他生意。以下是Lionind的公司。</span></span></span></div>
<span style="font-size: large;">
</span><div class="text_exposed_show" style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><img height="450" src="https://klse.i3investor.com/files/my/blog/img/bl5853_slide4.jpg" width="600" /></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><strong><span style="font-family: comic sans ms,cursive;">问答环节:</span></strong></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span style="color: red;"><strong><span><span style="font-family: comic sans ms,cursive;">1) 问: 年度报告第61页,公司的营业额下跌,为何其他花费从去年 RM 85m 上涨至 RM 127m ?</span></span></strong></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">答:在2019年,钢铁价格下跌了20%, 因此公司的现货也需做适当的调整。我们在去年做了约 RM 50m 的 Stock Written Down。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><strong><span><span style="font-family: comic sans ms,cursive;"><span style="color: red;">2) 问:我看到Trade Receivable有RM 721m 的impairment,到底发生了什么事情?这些钱收得回吗</span>?</span></span></strong></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">答:这个是关于MegaSteel。目前MegaSteel已经做着债务重组的。债务重组后,我们会收到一点钱。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span style="color: red;"><strong><span><span style="font-family: comic sans ms,cursive;">3) 问: 你觉得明年会做得更好吗?</span></span></strong></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">答:绝大部分的钢铁公司都做得不好,主要是因为经济和房地产不景气。我们希望房地产和基建工程在未来会继续提升。除此之外,我们也面临很多竞争对手,例如Alliance Steel。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">我们也有和政府商谈钢铁业的状况,政府也知道钢铁业的处境。我们希望政府能做一些东西。以目前来说,大马钢铁生产量是12m mt, 但实际上钢铁使用率大约4.4m mt。产量是过剩了,也导致到钢铁价格不好</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span style="color: red;"><strong><span><span style="font-family: comic sans ms,cursive;">4) 问: 为何Sales下跌,但Purchase却上涨?公司有做任何的对冲吗?</span></span></strong></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">答:我们购买的原料量都是一样的。只是因为原料价格上涨,而且还是USD计算。USD增值也对我们有一定的影响。公司没做任何的对冲。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span style="color: red;"><strong>5) 问: 公司手上有现金,为何不派发股息 </strong></span>?</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">答:根据公司法令2016, 我们无法派发股息。这是因为公司没有赚钱。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span style="color: red;"><strong><span><span style="font-family: comic sans ms,cursive;">6) 问: 既然Parkson都一直亏钱,为何不要卖掉呢?</span></span></strong></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">答:据我们所知,Parkson已经正在转型了。他们在中国的生意增长很多。我们觉得以后还是有希望的。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><strong><span style="background-color: yellow;">见解:</span></strong><br />
Lionind去年亏损主要是因为钢铁价钱下跌,原料同时上涨。这无疑是双重打击。以目前的经济状况,房地产和基建行业仍然处于冬季。管理层貌似也无法做任何事情。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">为了让公司赚钱,管理层也会寻找其他的生意机会,希望能扭转现在的困境。至于购买Flat Steel的厂,这收购也需等待一年的时间才能开始贡献盈利,而且必须生产50%产量才开始有盈利。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;">管理层透露,中美贸易战也导致了中国的钢铁厂商四处卖钢铁,这也是为什么钢铁价下跌了那么多。虽然大马有Safe Guard Tax (保护本地商家的税务), 但有时候却起不了多大的作用。</span></span></span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="font-family: inherit; margin: 6px 0px;">
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><b>加入我们Stockpick2u, 你将获得一手的公司报告以及股东大会详情!</b><br style="margin-top: 0px;" />
-------------------------------------------------------------</span></span></span></span></span></span></span></span></span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><span style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; display: inline; float: none; font-variant: normal; letter-spacing: normal; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"></span></span></span></span></span></span></span></span></span></span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">Stockpick2u 配套</span></span></span></span></span></span></span></span></span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><strong><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><a data-ft="{" data-lynx-mode="async" href="https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.stockpick2u.com%2Fplans-pricing%3Ffbclid%3DIwAR1ykKN4TnPdXKcExDXjOgJuENUQ9Q_glFaJIp4PDzp02HaH-QVqD5QSADM&h=AT0NHbSbmTUCZ2G2Blym9DmGim6gsUgL2mhoZsbU3zkpO3ELh5ff31QlJi6VDycqRFThM7RiKKAJ5nkrUzhSSg721_Yk3027ZwvTOo15AteyL0a-uGg5d-kF4bX033Wm5djtZhpwwi32lzQvPXx6VATy4mAsdcGSWUeCmOPILH527QqctVKFUrkv0bdH0VEl7VodvqK-XLzv4KQaviRK2UWxzrKktnUdi9OC3P4z0CVGA5lkTT2-6EvL_wo1Fhzb3vu7sNlmxbzfwiDxhIcEwi7EwF67T-umq1kmAVipn7T61F0qBRsLhjkzmW61G4ZfMnsgdscPdmdsAXsky2OkESJhx2FIvpZ585t1yy3tg0tBSQqlLbkok7Wwi7492k5omf7F9lfgF3FYHOB6w_CO1_zADDRZts3BNrWDZF1p0Qbh0CMfuAju8EVveCzLjlR3AzJlnO6ByWki5hsI6PSX9SnYWNa2EZWC042rCmk0ZKqi4zQNvLjgzQOO7g3_RSvxgL5dLnE43Emv5m6ScYvEQnvqK2E07rJnNF5h1t_8XdPuxYE4Lq4imp1Cv1bIWETbCzUmcI97QEcb2bSWSETg4gYJog3z3GMNQ8XPjFgK5nS1t7H1X8SExNU8WED_HqRe0QB3hoBRGJDx6WmhOKUhMg" rel="nofollow" style="color: #385898; cursor: pointer; font-family: Helvetica,Arial,sans-serif; text-decoration: none;" target="_blank">https://www.stockpick2u.com/plans-pricing</a></span></strong></span></span></span></span></span></span></span></span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><strong><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">请联络我们<span style="margin-top: 0px;"> </span><br style="margin-top: 0px;" />
012-6644 828</span></strong></span></span></span></span></span></span></span></span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><strong><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">点击whatsapp link :<span style="margin-top: 0px;"> </span><br style="margin-top: 0px;" />
<a data-ft="{" data-lynx-mode="async" href="https://l.facebook.com/l.php?u=https%3A%2F%2Fbit.ly%2F33pEKcS%3Ffbclid%3DIwAR0G9XjVZJPV98qGIxXfjZeH0xlQ9-E-O6aXrbfbP7UPk5q2pJ2fHo_SYLU&h=AT0kVlMZsXhxdudXhmHMloS5eMx_rov94SberOOa731psmHQxl5BW6fIRoHSmlbzovScri4rJlm_fb-l-PariIZWttR7SzgbFOxo-UztLRHGPVcCKWLPgdCdZwXZJPf17KdKOLMrfqAO5AZvGE5vMCIfuwRTpHhahrzPVW7JyystrkqMqlqRCZwGdZqqk2gIkgqkGb57f8qxbsi2hwgJxZjl5F7StwBYCrSsWOTxen6vZ5fRCwUyY7lAFuLZj067sBNMJZNAXFdMv-XvgRKiRULYb9mFF_4BDtPlr6cavKhDoAgMD0JBIzMDovkBsnPleiHJmIhAjOeHoeNQ6F6WgbA63IDcbIpB58dDrx8OoFscGE81smA7NiLPfcSbq82gVbFYH7KVAkTQ73hbmiM1XA37kJ5NjY4jlzZKKp9kDRc9SAMRooj9Iai84-bBI073PAuJBeETAbaBpSIe7OpTyZN33Tn18IRbGqKO009XnCkFjitXxUWCZtaG6-KOvyy935_t4E1YinHgc4njB44cg1Hfexsx45C2RbvkzjzISJxIjDNpWaRkFVs1bytjRBdOiFsWGqI5hVve3v_71jnXoEvhuGoIMe7uxMkkUDYfJIaTpJkMmtZYJ43GkkvEByL8yTDM6cditUlNyPxuqCV97w" rel="nofollow" style="color: #385898; cursor: pointer; font-family: Helvetica,Arial,sans-serif; text-decoration: none;" target="_blank">https://bit.ly/33pEKcS</a></span></strong></span></span></span></span></span></span></span></span></div>
<span style="font-size: large;">
</span><div style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #1c1e21; font-family: Helvetica,Arial,sans-serif; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin: 6px 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
<span style="font-size: large;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><span style="font-family: comic sans ms,cursive;"><span><strong><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #1c1e21; display: inline; float: none; font-style: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">网址 :<span style="margin-top: 0px;"> </span><a data-ft="{" data-lynx-mode="async" href="https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.stockpick2u.com%2F%3Ffbclid%3DIwAR32uDchaUyJxWlIy7ddm1e4M2K7QbGtx8r0wz-Yu8j67UnQKP_E4ReXrFY&h=AT0tbLmhlSID2MiOmas8VuxzsCz1dyacMHJKCiFUtfd1uSejRdpQVCffooyUNa4-uBUT6ZeKUmy8Sqmgq1oFFTtGwGWH5cnSq4ScApJcmaHlZCPpFV75lSzrFdx9grAQihJSjP-qi9_Qk85d3RvxI_4V7VTlXA3_5h1tlulB1_0_da-mylwA9xNElKiEJoZpYWq54f1M1QujHegR3Sf0a3pPFXt10FgU_pqRzb1oBUyaU39VnTWOacO2kgBFxa4Ig6Vb_03YMYag2mtEbVfowIcyBvb1JiKRDM7mPuO23UW4xELZk5r5NcoDKi9fr8E0RWNzwURK984onhDEO6fzX5w6TV4pkV4uD4mdz_9itE9RKlNnXLjBZMsReIhP2sKdPnteODAzwmqK9Vl6M_7HXEd7hxqYStga2uvJvbZBGkzzU06AF13Bru0i5paJiJvdtz1W0qdpAvfZ-r7qDH_R5i-VJAtVtC2S84R5Q1CrUnl-nO37UMKRWkc2bH3lNr8eeP2L5skvBN0hHMH0mYkYI2JHLXUjr7uX_tJi6urHiQq_KbfPOPetkYVfU6YEMYsgAxaGHwWUz7WHJ7mQh1q2MqMqJPkmXO9OJCzeIFhzjhMcZfI9Aw0pFbaIhG1y87PvF5sXy7pjm5dzD4vmvnESnQ" rel="nofollow" style="color: #385898; cursor: pointer; font-family: Helvetica,Arial,sans-serif; text-decoration: none;" target="_blank">www.stockpick2u.com</a><span style="margin-top: 0px;"> </span><br style="margin-top: 0px;" />
服务 : 股东大会资讯,公司基本面报告,网络股票课程</span></strong></span></span></span></span></span></span></span></span></div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-39551398260976072582019-04-11T08:55:00.000+08:002019-04-11T08:55:05.465+08:00Steel Comebacks ? [ Technical Analysis ] – J4 Investment Capital<br />
<a name='more'></a><span style="font-size: large;"><br /></span><br />
<h1>
<span style="font-size: large;">
Steel Comebacks ? [ Technical Analysis ] – J4 Investment Capital</span></h1>
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><strong><u>PRESTAR </u></strong></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_prestar_2_2.png" style="height: 317px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the chart above , we can see that it
is growing upwards and forming a cup and handle pattern at the end of
it. There is also a short-term uptrend formed since Dec 2018 where the
price rebounds. The price move along the trend in nice wave-like shape
and forming a support line at <span style="background-color: yellow;">RM 0.67</span>
, which is a crucial line as it determines the next trend . We belived
that a handle pattern is coming out and there should be a retracement
once it reach <span style="background-color: yellow;">RM 0.77</span> for a short break. However , the trend should be continuing as long as steel sectors is in a good sentiment. The<span style="color: blue;"> resistance</span> where it is placed at <span style="background-color: yellow;">RM 0.805</span> will be its <span style="color: blue;">1<sup>st</sup> Resistance</span> and <span style="background-color: yellow;">RM 0.92</span> will be the <span style="color: blue;">2<sup>nd</sup> resistance</span>. The following arrows are our prediction pathways which will be happening soon.</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_10ca9a7705450c36a93d5c96ab113c4f.png?fbclid=IwAR26MA17tyAxwepK9tsuNYjpLAlglzk0Kmjn4q72LKxOFA0t6bU_Fn9aK4s" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_10ca9a7705450c36a93d5c96ab113c4f.png?fbclid=IwAR26MA17tyAxwepK9tsuNYjpLAlglzk0Kmjn4q72LKxOFA0t6bU_Fn9aK4s</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_prestar_1_1.png" style="height: 317px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the Moving Averages Chart above , we
can see that the short term MAs has converge at the early of 2019 and
crossing through the long term MAs. All the Moving Averages continue
showing uptrend sign as they are all moving upwards. Based on the
candlesticks , the price is supported by the MA 20 and MA 30 line.
Therefore , those Moving Average will be its important line to relay on
in this short term rally. The Bollinger bands also showing a uptrend
sign as it is slowly forming a uptrend wave. Finally , the volume spikes
since March as the market sentiment shows improvement. We believes that
selling pressure is mostly from the retailer as the downward volume is
starting to become lesser and lesser. Once the retracement is done , it
will be a good time to go.</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_1f6a75e66a2ec8cdb6f3874066b3058a.png?fbclid=IwAR2rQRqdezmEyC91ZnOnrIxLAS3QeAraBR_PQ5E0RpibWTpAIuGwyUURvHo" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_1f6a75e66a2ec8cdb6f3874066b3058a.png?fbclid=IwAR2rQRqdezmEyC91ZnOnrIxLAS3QeAraBR_PQ5E0RpibWTpAIuGwyUURvHo</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_prestar_3.png" style="height: 253px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the Technical Indicator Chart above ,
we can see that all the indicators are showing good sign . First is the
Accum/Dist indicator , this indicator shows all the retailers movement .
As I said , the retailers which are stuck at high price earlier are
quiting at this price . However , on the OBV side , there is huge
institution buying it non-stop . From this , we can conclude that , the
main power is still on the spot. The MACD sign is still showing an
average sign as it has not form a golden cross sign. Once the cross is
formed , it will soon breaking new high. Lastly , the RSI sign is
showing at <span style="background-color: yellow;">58 points</span> . It
is still not yet consider overbought . Therefore , with the supports
from the indicators , we can say that this stock is safe to enter now.</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_985743f4ea57f394eaadb9b19230d456.png?fbclid=IwAR0Nc9DbWSIGIhmTJw4kxeMqdbmB4FkhnuxOiQu-iYRm9pzdnKsW0cqF2oY" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_985743f4ea57f394eaadb9b19230d456.png?fbclid=IwAR0Nc9DbWSIGIhmTJw4kxeMqdbmB4FkhnuxOiQu-iYRm9pzdnKsW0cqF2oY</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Entry Price : <span style="background-color: yellow;">RM 0.595</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Target Price : <span style="background-color: yellow;">RM 0.80 / RM 0.91</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Potential Percentage Gain : <span style="background-color: yellow;">25% / 51%</span></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><u>ANNJOO</u></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_annjoo_1.png" style="height: 252px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the chart above , we can also see
that there is a cup and handle pattern forming right now . This chart is
almost same as PRESTAR as we can see the short-term uptrend tunnel has
formed since it rebounds. However we predict that it will pause for a
moment before the price continue surging as it has just from the <span style="background-color: yellow;">RM 1.83</span> which is the <span style="color: blue;">resistance line</span> previously. The next <span style="color: blue;">support line</span> will be at<span style="background-color: yellow;"> RM 1.62 </span>and the next <span style="color: blue;">resistance</span> will be at <span style="background-color: yellow;">RM</span> <span style="background-color: yellow;">2.19</span> . We believe that the price will move side away in these trading days to recombine power for next rally.</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_ed27ab0b2bd52e0c75fc40e1728e6d47.png?fbclid=IwAR2t4xHdgKlgEz6Mh42XY26YZwC6Ad9N8hrCTOt0m2QxK9Du_bX4REDuCls" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_ed27ab0b2bd52e0c75fc40e1728e6d47.png?fbclid=IwAR2t4xHdgKlgEz6Mh42XY26YZwC6Ad9N8hrCTOt0m2QxK9Du_bX4REDuCls</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_annjoo_2.png" style="height: 252px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the Moving Average Chart above , we
can see that it is very familiar with PRESTAR one too . It is also
supported by the MA 20 and MA 30 . However , the long candlestick which
is formed on few days ago has broke through every moving average and
currently not supported by any of it . The huge volume has showed the
exploding sentiment of this sector and showing a good sign of it. We
predict the price is going to retrace or moving side-away soon to have a
rest for coming days.</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_5d2502f8a1bb970ec5a1d91ed2486e5f.png?fbclid=IwAR0PT_zMB2HM4xEO2olkLqHVwzH8djKFUybzYlAHUPOTKPEYSXzSUR6m9Jg" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_5d2502f8a1bb970ec5a1d91ed2486e5f.png?fbclid=IwAR0PT_zMB2HM4xEO2olkLqHVwzH8djKFUybzYlAHUPOTKPEYSXzSUR6m9Jg</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_annjoo_3.png" style="height: 253px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the chart above , all of the
indicators are also showing good sign . First of all is the Accum/Dist ,
it is showing uptrend sign and there is a huge spike together with the
volume . Bothe the Accum/Dist and OBV shows the same sign , means all
the traders and investors are rushing in at the same time . There is no
sign of showing them throwing for now . On the MACD , the golden cross
has formed and showing upward sign which is the blue line. However , the
RSI has show an over-bought sign , which means it is tally with our
prediction , that is to retrace and move side-away these days.</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_2e04ef67c3eb28fc5aa8fb84c799b46d.png?fbclid=IwAR1HeYjSEBlvXw9yPg4qIe_hO149MS9RIvFYsqRtYej7upD-hBHFkcFfcmo" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_2e04ef67c3eb28fc5aa8fb84c799b46d.png?fbclid=IwAR1HeYjSEBlvXw9yPg4qIe_hO149MS9RIvFYsqRtYej7upD-hBHFkcFfcmo</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Entry Price : <span style="background-color: yellow;">RM 1.65</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Target Price : <span style="background-color: yellow;">RM 2.19</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Potential Percentage Gain : <span style="background-color: yellow;">32%</span></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><u>MASTEEL</u></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_masteel_1.png" style="height: 284px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the chart above , MASTEEL has
breached its uptrend line, hence indicated a buy call at 0.47 . This
breakout fulfil J4 Investment breakout criteria , which is trend line
violating with high volume.Hence , we strongly see it as a breakout
stock which will yield a minimum of <span style="background-color: yellow;">80 percent gain</span> from<span style="background-color: yellow;"> 0.47 </span>.
Besides , as shown above , the moving average converge and slope
upwards , and the price spike up above MA30 (green line) with high
volume in the current days , it fulfils J4 Investment Capital secret
indicator for a breakout stock .</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_c087ee5601cf602f2473cc7abc5fdbfc.png?fbclid=IwAR24DyF1WNU4shKT5uBrlrRg6ndEXAg1E_5KNFMkHh9J7gZ85Rat_AqkjdQ" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_c087ee5601cf602f2473cc7abc5fdbfc.png?fbclid=IwAR24DyF1WNU4shKT5uBrlrRg6ndEXAg1E_5KNFMkHh9J7gZ85Rat_AqkjdQ</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Entry Price : <span style="background-color: yellow;">0.47-0.475</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Target Price: <span style="background-color: yellow;">0.865</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>TP2 and TP3 : stay tuned for more</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><u>LIONIND</u></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_lionind_1.png" style="height: 264px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>From the chart above , LIONIND fulfil J4 investment capital breakout criteria once again , the criteria are such as following</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>A) Resistance line being breached with high volume today , volume increase and a long green candle , its resistance at<span style="background-color: yellow;"> 0.61</span> turns <span style="color: blue;">support</span> , fall below support CL</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>B) The price increase with high volume
and stay above MA30 (green line) , indicates a strong upward moment is
impending , it fulfils a bullish indicator of J4 investment capital</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>C) The spike in price completed a rectangle formation</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_dcf1d4b6c17019fed3252bd3d194a853.png?fbclid=IwAR2RH1gmyCuGVh1qGYGHLMhVRn-k2QKfoiN3O46MXJgI3lJ3ZbvwKBQL5Qg" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_dcf1d4b6c17019fed3252bd3d194a853.png?fbclid=IwAR2RH1gmyCuGVh1qGYGHLMhVRn-k2QKfoiN3O46MXJgI3lJ3ZbvwKBQL5Qg</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Entry Price : <span style="background-color: yellow;">0.615( best buy)</span> , try to buy 10/4 opening price</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Cut Loss : <span style="background-color: yellow;">0.61</span></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Target Price : <span style="background-color: yellow;">0.89</span></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><img src="https://klse.i3investor.com/files/my/blog/img/bl4685_lionind_2.png" style="height: 264px; width: 700px;" /></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>The target price is set by charting the
downtrend of two previous peak , we expect a strong rebound towards the
downtrend resistance line , it is now a change in trend , but not a
trend reversal , a higher TP will be set if the downtrend line is
breached with high volume .</span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Photo Link : <a href="https://tvc-invdn-com.akamaized.net/data/tvc_66e420c8ff002fc039f1702b845f6b9c.png?fbclid=IwAR03xDcCqG9LxOX-1yqAmrFo9D5PVlgfVwAUnnZEfLWk09ly2zICJQ4w_4M" rel="nofollow" target="_blank">https://tvc-invdn-com.akamaized.net/data/tvc_66e420c8ff002fc039f1702b845f6b9c.png?fbclid=IwAR03xDcCqG9LxOX-1yqAmrFo9D5PVlgfVwAUnnZEfLWk09ly2zICJQ4w_4M</a></span></span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">
</span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Disclaimer : Information above is for
sharing and education purposes , not a buy and sell advice , please
refer to your advisory for any buy or sell call , buy and sell at your
own risk .</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>注明 : 以上纯属分享 , 没有任何的买卖建议 , 请小心交易 .</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Happy investing !</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>Feel free to visit our FB Page , gives us a LIKE and share it out so that we can share more things to you !!!</span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span><a href="https://www.facebook.com/J4-Investment-Capital-398139627315097/?__xts__%5B0%5D=68.ARC7mRemHSK2Shd8SUng8wOm2HZOLyhsznIGJ8sAL_-UqMd0M3g5a2Z1UmDOdhdcfZ_qSrOpMoCM4xLxZ54G5aUkiloB3Bx07dXJ5cKsaPfFrmLa_ZCQlGchlpQ1DOsLlfTJzoSNOyZLA6HGDKTCX90j8ehz8oBAmbTGUm7qyVOZucoULlq88StOPc7uHfeIq3IRL70QBu4itXPy3LffLxJQcoTPCW_YmJBzcpmAE2u7Q5NPk6HObnILL4XXuAmueK_5D2yJdsZ7DEGBc9TDC8uKSo2FcrEGcKswLFl6tzldWtreTCvyFAE4FZ47kQTomCS6h9eMTJDMC4nMiSMmggw&__xts__%5B1%5D=68.ARBp4Vc-mfnu_F8s5K-VL_CZoijkhBEaE-1g2WrYax7UYwuL63izRFKiDBhzASh8Ej6bJv2BhEiRzQ1siv4B4VsmTS4l9PgUyf05gNt_VQay7OldGRF0UnMZBOvPdVj_0PGp8pE6ZJAi28ywMTUt5eO3k-_Y6nvBUhWznKenwsfW5jGNMKK1vq5WfcKsltz6JkXl-RU3ZdJG8ySc29YemKv8wa3svPhzkSa8l6ro0N47f2EhF7JdlE4xlphR22oJQ8S3SIpkND_YDWy1fmpKfH_EQqeZOfLGQkWSWS63NqcRa7vdkHmYvy-wI7Et8mRnG3DzhHzpC0KYgi6gJRHftEI&__tn__=K-R&eid=ARB2djOaXiyskZLge2MPeaPD-h5fxpuZ9_P28uC7NIl09j3mS1_FDmxHnIfLzdHgyrwLVZFXZ4g2C7ic&fref=mentions" rel="nofollow" target="_blank">https://www.facebook.com/J4-Investment-Capital-398139627315097/</a></span></span><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;"><span>J4 Investment Capital.<br /><br />https://klse.i3investor.com/blogs/j4investmentcapital/201834.jsp</span></span>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-28746895137083972212019-04-06T09:04:00.000+08:002019-04-06T09:04:11.939+08:00DAYANG (5141) : My Analysis on Dayang (Davidtslim)<br />
<a name='more'></a><br /><br />
1. DAYANG is one of the largest providers of offshore platform
services in Malaysia. It is principally involved in the provision of
offshore Topside Maintenance Services (TMS), minor fabrication
operations, offshore hook-up and commissioning, and charter of marine
vessels relating to the oil and gas companies (like Petronas etc).<br />
2. It owns a fleet of 9 offshore support vessels (<strong>excluding</strong>
subsidiary Perdana's young fleet of 17 vessels). The vessels are known
as Dayang Pertama, Dayang Maju, Dayang Cempaka, Dayang Berlian, Dayang
Nilam, Dayang Zamrud, Dayang Topaz and Dayang Opal. As at the end of
December 2018, its total orderbook stood at RM3.0 billion; which can
last at least until 2023.<br />
3. DAYANG delivered the <strong>highest</strong> ever revenue and <strong>earnings </strong>in
4Q18 quarter, on the back of a revenue improvement of 64.9%, a reversal
of impairment loss on PPE amounting to RM20.8m and forex gain of
RM15.4m. Core earnings in 4Q18 was about <strong>RM80m</strong> as compared to an adjusted loss of RM33.6m in 4Q17.<br />
4. The surge in revenue in 4Q18 was driven by much higher lump sum order and vessel utilization rate of <strong>73%</strong>
(vs 4Q17: 51%). In FY18, due to lower debt as compared to FY17, lead to
lower net finance costs (-13.6%), Dayang made a profit turnaround of
RM164.2m (EPS 17.02 sen) in FY18.<br />
5. In view of the substantial pick-up in the work orders in the last
three quarters of FY18, the management is optimistic that the strong
earnings trend would be sustainable in FY19, on the back of strong
contract execution track records, high profit margin and 3 billion
orderbooks.<br />
6. A few <strong>recent Investment banks reports saying</strong> Dayang
recent quarter strong performance may not be sustainable due to lump
sum orders may not repeatable. However, let me share with you an
interesting excerpt from Hong Leong’s Dayang research report as below:<br />
<div align="center">
<img height="152" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d1a.png" width="600" /></div>
Source: HLB Dayang’s report (page 1)<br />
It is stated that Dayang is expected to receive additional lump sum
orders from clients in their meeting with management. Actually Dayang
has been recorded <strong>lump sum revenues</strong> for 2017 and 2018 which were 251 millions and 473 millions respectively.<br />
Another more <strong>interesting fact</strong> from last qtr report (Q4) of Dayang is the missing of <strong><span style="background-color: yellow;">schedule rates revenue</span></strong> which is likely <strong>to book or surface in coming quarter result. </strong>Let see the extract from Dayang last quarter report on its schedule rate revenue as below:<br />
<img height="263" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d1.png" style="text-align: -webkit-center;" width="600" /><br />
Source: Dayang 4Q18 report (page 18)<br />
<strong>Negative revenues</strong> of schedule rates of TMS division may due to <strong>related cost</strong> already recognized but <strong>revenue still pending or not yet recognized.</strong> If this<strong> leftover</strong> schedule rate revenue can be recognized in 1Q19, then <strong>profit margin may be even higher</strong> than conventional quarter due <strong>to related cost already recognized or booked. </strong><br />
The schedule rates revenue for 2017 and 2018 were 346 mil and 371 mil
respectively (total of Q1,Q2 and Q3 revenues but exclude Q4). This
average schedule rates revenue over the past 3 quarter about 123mil,
thus, I estimate the possible leftover schedule rates revenue could be
around 120 mil+. Don’t forget there is also normal schedule rate revenue
in 1Q19 which may make double or exceptional higher schedule rate
revenue in 1Q19 (normal + leftover from 4Q18).<br />
Even assuming high lump sum revenue or profit may not sustainable in
1Q19 (estimated to drop 50-60%), the leftover schedule rate revenues
from 4Q18 may be enough to cover the revenue of lump sum orders.
Besides, according to HLB report (guidance from management), there are
some variation orders have been carried out but not yet reflected in
their revenue (pending client approval).<br />
7. One of the metrics to evaluate the earning capability of a company
is by looking at its gross profit margin and general & admin
expenses. The table below shows the gross profit (no one-off profit) and
admin expenses of Dayang in the past 3 years.<br />
<img src="https://klse.i3investor.com/files/my/blog/img/bl3909_d2.png" style="height: 332px; width: 600px;" /><br />
We can see dayang has achieved impressive gross margin and keep admin
expenses low in the recent 3 quarter on the rising revenue trend. This
leads to higher Ebit (earning before interest and tax) and resulting in
higher net profit in recent 3 qtr.<br />
<strong>8. High quality of earning</strong>. Cash flow from operation
is a metric to evaluate quality of earning of a company. Let see the
cash flow from operation of Dayang as below:<img height="501" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d3.png" width="600" /><br />
Source: 4Q18 report<br />
Dayang has generated 293mil cash from operation with an 25 mil capex
spent on PPE (property, plant and equipment) in FY2018. In addition,
Dayang has paid off about 250mil of borrowings in 2018.<br />
9. Improving balance sheet due to strong cash from operation. Dayang
has paid off more than 550 mil debt over the past 3 years (net debt
reducing <strong>from 1.56B to 0.86B) </strong>from the impressive free cash flow as shown in table below:<img height="98" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d4_1.png" width="600" /><br />
<strong>10. Attractive Valuation </strong>- Achieved net profit of
RM97 million last quarter. Exclude one-off earnings (reversal of
impairment), adjusted net profit about RM80 mil. Annualize = 320mil, <strong>discount 20%</strong>, discounted annualized profit = 256mil --> <strong>Estimated FY19 EPS = 26.5 sen. </strong> Fair value of Dayang can be summarized on the table below:<img height="175" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d5.png" width="508" /><br />
The first <strong>20% discount </strong>is due to this EPS estimation is based on <strong>highest</strong>
quarter profit and there is a possibility that coming quarter may not
achieve the similar high earning (maybe due to previous qtr result has
big lump sum which may <strong>not</strong> sustaianble in 2018).<br />
The second <strong>10% discount </strong>is due to there is a
possibility that Dayang may propose private placement due to good share
price to raise some fund to prepare for Perdana Bhd coming right issue
fund raising. The maximum private placement (pp) is up to 10% where this
pp can cause dilution of EPS up to 10%.<br />
Why Dayang should worth PE of 7-8x? Below are the justifications for this valuation:<br />
<ul>
<li>
<strong>Strong and Stable Margins </strong>- Average Gross Profit margin of above 35% and Net Profit margin of above 15%, one of the <strong>most efficient</strong> O&G service providers among all.</li>
<li>
Proven track records of project execution with good profit and never
fall into operation loss over the past 7 years (except in 2016 &
2017 due to non-cash big impairment from subsidiary Perdana Bhd,
impairment is not belong to operation loss)</li>
<li>
Strong orderbook of 3 billion and good profit visibility for the next
3-4 years as Dayang has shown improving profit for last 3 quarters.</li>
<li>
<strong>Strong cash flow generation </strong>over the past 3 years and pare down debt of 700 mil in 3 years.</li>
</ul>
Another valuation method is using <strong>Discounted Cash Flow (DCF)</strong>. Based on past 3 years records on average cash flow generation of 294 mil, let's assume the average cash generated per year <strong>in future</strong> is 250 million <strong>(~10-20% discount</strong>), the <strong>discounted cash flow per share per year is about 26 sen.</strong>
If this strong cash flow generation trend can continue for 3-5 years
(based on strong 3B orderbook and higher rig operation counts from
Petronas), the <strong>cash generated per share </strong>over 5 years could reach <strong>RM1.30 per share</strong>. Over long run of 10 years, the cash per share could reach RM2.6 using DCF method with some discount.<br />
11. Contract awards secured by Dayang and Perdana from international clients (not only from Petronas) as table below:<br />
<table border="1" cellpadding="0" cellspacing="0">
<tbody>
<tr>
<td style="width: 151px;">
Date secured<br />
</td>
<td style="width: 162px;">
Effective date<br />
</td>
<td style="width: 167px;">
Types of works<br />
</td>
<td style="width: 137px;">
Client<br />
</td>
</tr>
<tr>
<td style="width: 151px;">
Sept 2017<br />
</td>
<td style="width: 162px;">
<strong>5-yr contract, </strong><br />
<strong>effective from 20/9/17</strong><br />
</td>
<td style="width: 167px;">
Maintenance, construction and modification Services Package A (Offshore)<br />
</td>
<td style="width: 137px;">
PETRONAS Carigali Sdn Bhd<br />
</td>
</tr>
<tr>
<td style="width: 151px;">
Aug 2018<br />
</td>
<td style="width: 162px;">
5-yr contracts<br />
<strong>effective from 17/7/18 - 16/7/23</strong><br />
</td>
<td style="width: 167px;">
provision of Pan Malaysia Maintenance, Construction and Modification (PM-MCM)<br />
</td>
<td style="width: 137px;">
JX Nippon Oil & Gas Exploration (M) and Repsol Oil & Gas Malaysia Limited<br />
</td>
</tr>
<tr>
<td style="width: 151px;">
Oct 2016 by DAYANG's 60%-owned subsidiary, Perdana Petroleum<br />
</td>
<td style="width: 162px;">
3-yr contract worth RM67m<br />
<strong>effective from Sept</strong><strong>/20</strong><strong>18 - 2019</strong><br />
</td>
<td style="width: 167px;">
to supply one unit of floating accommodation vessel<br />
</td>
<td style="width: 137px;">
Petronas Carigali Sdn Bhd<br />
</td>
</tr>
<tr>
<td style="width: 151px;">
Nov 2018<br />
</td>
<td style="width: 162px;">
3-yr subcontract, USD100mil,<br />
<strong>effective from 1/1/19 - 31/12/21</strong><br />
</td>
<td style="width: 167px;">
provision of Facilities Maintenance Support in Turkmenistan<br />
</td>
<td style="width: 137px;">
Gujurly Inzener<br />
</td>
</tr>
</tbody>
</table>
<div style="margin-left: .5in;">
</div>
11. Let us have a comparison of Oil and Gas related companies in Bursa and SWOT as tables below:<br />
Comparison is not for Public. SWOT analysis is not for Public.<br />
<br />
12. Let see the annual report of Dayang and see who is the top 21 shareholder<br />
<img height="312" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d6.png" width="600" /><br />
Source: Annual report 2017<br />
In fact dayang receiving increasing order of lump sum works in 2017 and
2018 from Petronas. One of the reasons I guess is due to 25 years
track records and experience of Dayang in MCM in Oil & Gas. Another
possible reason maybe due to Petronas may try to take care of Dayang in
contract awards due to Dayang's track records and project execution
capability. FYI, the schedule rate revenue mainly come from 3B orderbook
which is mainly based on call-out basis (refer to their AR). The <strong>high gross margin</strong>
of their lump sum works maybe due to their arrangement of charter
vessel by campaign to another campaign and fully utilize them at
offshore.<br />
13. Let see the outlook of Dayang from HLB recent report (after their meeting with management) as below:<br />
<img height="151" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d5a.png" width="600" /><br />
Source: HLB Dayang report (19 March)<br />
Oil price in 1Q19 and April 2019 remain strong and currently close to
USD69 per barrel. Petronas also needs more income in 2019 as they need
to pay higher dividend to government of Malaysia. Thus, more oil rig may
be in operation that lead to higher maintenance or modification works.<br />
14. Increase of activities in MCM segment in Petronas activity outlook
report 2019 to 2021 - Dayang is a direct beneficiary. In the report,
“The respective offshore fabrication, linepipes, offshore installation
and hook-up & commissioning (HUC)/ maintenance, construction &
modification (MCM) segments will also see increase of workflows in
2019-21. Report bellow show the MCM activities outlook of Petronas.<br />
<br />
<img height="598" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d7_1.png" width="600" /><img height="655" src="https://klse.i3investor.com/files/my/blog/img/bl3909_d8.png" width="600" /><br />
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
</div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
If you interested on my analysis report, please contact me at <strong>davidlimtsi3@gmail.com</strong></div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
<strong>You can get my latest update on share analysis at Telegram Channel</strong> ==> <a href="https://t.me/davidshare" rel="nofollow" style="color: #0066aa; text-decoration-line: none;" target="_blank">https://t.me/davidshare</a></div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
</div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
<strong><span style="background-color: yellow;">Disclaimer:</span></strong></div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; margin-top: 0px;">
This writing is based on my own assumptions and estimations. It is <strong>strictly for sharing purpose, not a buy or sell call </strong>of the company.<br /><br />https://klse.i3investor.com/blogs/lionind/201179.jsp</div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-23661140024373014462019-03-12T12:06:00.001+08:002019-03-12T12:06:45.017+08:00中越产品征反倾销税‧钢铁股闻风起舞<br />
<a name='more'></a><span style="font-size: large;"><br /></span><br />
<div class="margint30" id="blogcontent" itemprop="articleBody">
<div style="border: 0px none; box-sizing: border-box; font-family: "microsoft yahei"; list-style: outside none none; margin: 0px; padding: 0px;">
<span style="font-size: large;">
市场焦点</span></div>
<div id="dirnum" style="border: 0px none; box-sizing: border-box; font-family: "microsoft yahei"; list-style: outside none none; margin: 0px; padding: 0px 15px 0px 0px;">
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
(吉隆坡11日讯)政府决定对中国和越南钢铁产品征收反倾销税,在利好消息带动下,钢铁股纷纷闻声走高,其中以销售镀锌钢铁产品的CSC钢铁(CSCSTEL,5094,主板工业产品服务组)涨势最佳,盘中一度急涨7.48%。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;"><span style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px; padding: 0px;"><span style="border: 0px none; box-sizing: border-box; font-weight: 700; list-style: outside none none; margin: 0px; padding: 0px;">CSC钢铁一度急涨7.48%</span></span></span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
政府对中越镀锌钢铁产品将征收最高16.13%税务,利好消息成功抬拉钢铁股上涨0.5仙至2仙,特别是CSC钢铁涨势傲视同侪,最高一度上涨6仙至1令吉15仙,最终以1令吉零8仙作收,全天起1仙,成交量达90万8300股。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
其他钢铁股表现不俗,金狮工业(LIONIND,4235,主板工业产品服务组)和马来西亚钢厂(MASTEEL,5098,主板工业产品服务组)也引来投资者追逐。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
金狮工业上升0.5仙至56.5仙,成交量高挂1715万4100股,马来西亚钢厂(MASTEEL,5098,主板工业产品服务组)走高2仙至51.5仙,共有1479万零300股易手。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
至于协德(HIAPTEK,5072,主板工业产品服务组),也起0.5仙至29.5仙,成交量报504万1600股。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
相较之下,安裕资源(ANNJOO,6556,主板工业产品服务组)独憔悴,闭市收低2仙,挂1令吉58仙,成交量提高到184万6400股。</span></div>
<div id="sas_44269_container" style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px; padding: 0px; position: relative; width: 654px;">
<div id="sas_44269" style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px; padding: 0px; text-align: center; width: 654px;">
<span style="font-size: large;">
</span></div>
</div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;"><span style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px; padding: 0px;"><span style="border: 0px none; box-sizing: border-box; font-weight: 700; list-style: outside none none; margin: 0px; padding: 0px;">一些股项早已反映利好</span></span></span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
分析员认为,虽然反倾销税是钢铁业的“及时雨”,有助于减轻行业压力,但一些股项早已走高,反映了这项利好,因此钢铁股今日表现不算太过标青。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
马银行研究表示,根据最新政策,凡从中国及越南进口相关钢铁产品,将被征税至2024年3月7日,为期5年。马银行相信,在该税务下,大马相关产品销售公司料可受惠,因进口钢铁产品平均售价比国内来得低。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
截至2017年为止,大马51.7%的镀锌钢铁消耗量是来自进口,而2015年进口比率只有39.7%,而CSC钢铁2017的市占率只有26%,对比2015年,市占率为36%。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
马银行根据内部渠道得知,提高税务虽是利好消息,但该税务的帮助仍有限,因价格仍低于现有售价,因此帮助并不大。因此,该行相信CSC钢铁可受惠,但帮助程度不大。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
马银行假设,若CSC相关产品可增加1%销售,那么2019至2021年盈利预测可增加9.7至10.6%。该股保持“卖出”评级,目标价为83仙。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;">
达证券亦认同马银行观点,认为CSC钢铁仍需面对较高的原料成本及廉价的冷轧铁的竞争,因此与马银行同样维持CSC钢铁的“卖出”评级不变,目标价则是68仙。</span></div>
<div style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px 0px 24px; padding: 0px;">
<span style="font-size: large;"><img src="https://cdnpuc.sinchew.com.my/pic/2019-03/11/6be2f1a0-d91f-4081-b3f0-268fe87682cbb4def64e-3c5e-4586-9f08-51f249080825.jpg" style="border: medium none; box-sizing: border-box; height: auto ! important; list-style: outside none none; margin: 0px; max-width: 100%; padding: 0px; vertical-align: middle;" /></span></div>
</div>
<div class="wycamefrom" style="border: 0px none; box-sizing: border-box; font-family: "microsoft yahei"; list-style: outside none none; margin: 0px; padding: 8px 0px 0px;">
<span style="font-size: large;">
文章来源 : <br style="border: 0px none; box-sizing: border-box; list-style: outside none none; margin: 0px; padding: 0px;" />
星洲日报 2019-03-11</span></div>
<div class="wycamefrom" style="border: 0px none; box-sizing: border-box; font-family: "microsoft yahei"; list-style: outside none none; margin: 0px; padding: 8px 0px 0px;">
<span style="font-size: large;">
</span></div>
<div class="wycamefrom" style="border: 0px none; box-sizing: border-box; font-family: "microsoft yahei"; list-style: outside none none; margin: 0px; padding: 8px 0px 0px;">
<span style="font-size: large;">
https://www.sinchew.com.my/content/2019-03/11/content_2020815.html</span></div>
</div>
Unknownnoreply@blogger.comtag:blogger.com,1999:blog-25058915.post-80518570700222815772018-09-02T18:22:00.002+08:002018-09-02T18:22:47.020+08:00LIONIND (4235) - Musing on “Open Letters” on hot stock Lion Industry kcchongnz<br />
<a name='more'></a><br /><br />Besides serious investing, I also try to have some fun to read i3investor which gives us a lot of entertainment recently. I just read a “Open Letter” by a new kid in town, Jerry Koh, on this hot topic on hot stock Lion Industry in the link dated 1 September 2018 below,<br /><br />https://klse.i3investor.com/blogs/JonnyKoh/172152.jsp<br /><br />Kudos to Jerry, please continue writing. It helps us in our thinking process and hopefully improve our investment process. That is why I have been in here for more than 7 years already. After sowing some goodwill in i3investor in the initial years, I have to admit, I also benefit from many forms.<br /><br />Hence, I would like to continue to contribute to i3investor, as long as I am welcomed. I always like to have feedback from my posts, whether it is positive or negative. That is how we share and learn in return. So, please welcome any comments, whether it is good or bad comments. This is in the internet space, and we can’t and shouldn’t discourage comments. Otherwise it doesn’t sound good, or even doggy; why do you write this particular post in the first place? Only I talk and you no talk?<br /><br />With that, here are my sincere comments on your open letter to your highly respected person.<br /><br /><br /><br />Jerry started with this statement,<br /><br />“I am currently having 23% temporary loss in LionInd but I never blame Mr. Koon.”<br /><br />Well done Jerry. That is the right attitude. If you lose money following anybody, you are the one who should take responsibility. It is your own fault to blindly follow anyone. For this, I would like to read the post below so that you can learn from your mistake of blindly following recommendation of buying any stock, “Never buy any stock touted by anyone”,<br /><br />https://klse.i3investor.com/blogs/kcchongnz/157367.jsp<br /><br />If you don’t learn from your mistake, and blinded somehow, you may continue doing the same thing, and losing money over and over again. It won’t be good for your financial wellbeing.<br /><br /><br /><br />Jerry shared “several calls” made by someone famous "which are still correct until now". They were mostly made 3 to 4 years ago, the usual “pieces of old shits” in V.S., Latitude Tree and Lii Hen, which I believe those old timers here would have gotten too used to. But I particular like his most recent “sell call” on Masteel at RM1.14 which was made exactly half a year ago in the link shared by Jerry in his post here, “Why Malaysia Steel Share Price is Plunging?”<br /><br />https://klse.i3investor.com/blogs/koonyewyinblog/149250.jsp<br /><br /><br /><br />Masteel post on 2nd March 2018<br /><br />The reason for the sell call was stated as,<br /><br />“As everyone can see there is an oversupply of buildings in every town and city in Malaysia, investors should know how this situation will affect all the steel manufacturers.<br /><br />Malaysia Steel makes steel bars for the concrete construction. If developers and contractors cannot sell their properties, they will not buy steel bars. That is why Masteel’s 4th quarter EPS was only 4 sen, very much lower than all the other 3 quarters of the year 2017. Masteel’s future profit will continue to reduce.”<br /><br />From the above post, I was greatly surprised by how the poor guy who recommended Masteel then got whacked by the author like nobody’s business! Furthermore, this person is closed to him and as far as I can see, has been saying all the good words about him. In fact, I was shocked, to say the least.<br /><br />Was the earnings of Masteel continue to reduce after the post? Not really. In the following quarter, Masteel made RM17.7m as opposed to RM12.1m previously. So, was the "prediction" correct?<br /><br />But true to the prediction, but only later when the lastest quarterly results was announced that its profit dropped again to RM8.0m. Masteel share price continues to drop and has dropped by closed to 50% to just 60 sen now in just half a year.<br /><br />But the pertinent question is, what was the difference between Masteel and Lion Steel that the former got whacked so badly by the author, whereas the latter got praised to sky high as both companies’ main business is to provide long steel bars for buildings and houses, and infra-structure works. The question is even more relevant with the recent cancellation of some major infra-structure works.<br /><br /><br /><br />Lion Industry Post on 17th August 2018<br /><br />In Jerry’s post, and with the link provided below, “Why Lion Industry Share Price is Continuously Going Higher?” which the post was posted in i3investor on 17 August 2018,<br /><br />https://klse.i3investor.com/blogs/koonyewyinblog/169974.jsp<br /><br />Jerry mentioned in his open letter dated 1st September 2018 that, “The research of LionInd is comprehensive and correct:”<br /><br />This was what was written in the above original blog, “Why Lion Industry Share Price is Continuously Going Higher?”<br /><br />[“That is why Lion Industry has been making increasing profit in last few quarters. Its 1st Q EPS 4.08 sen, 2nd Q EPS 8.20 sen and 3rd Q ending March 2018 EPS 8.91 sen. The total EPS for 3 quarters is 21.19 sen. Assuming its 4h Q is the same as its 3rd Q, its total EPS for the full year will be about 30 sen.<br /><br />Based on the last traded share price of Rm 1.25, its P/E ratio is about 4. It should be considered very cheap especially it has very good profit growth prospect which is following my share selection golden rule. I expect its 4th Q will be better than its 3rd Q.”<br /><br />The expectation for the 4th quarter result was as good as the third quarter, i.e. 8.91 sen (with two decimals places some more), and that the total full year EPS would be 30 sen.<br /><br />In view of its good increasing profit growth, if you have sold, you should buy back.]<br /><br /><br /><br />Was that prediction correct? How was that correct?<br /><br />Was the “advice” on “if you have sold, you should buy back”, at RM1.26 then, a great advice?<br /><br />Lion Industry announced its 4th quarter result on 30th August 2018, two days before Jerry’s open letter as shown in the link below,<br /><br />http://www.bursamalaysia.com/market/listed-companies/company-announcements/5902149<br /><br />Net profit for the quarter was RM27.65m, or an EPS of 4.17 sen. How is this compared with the prediction of 8.91 sen? Was the “Research” on Lion Industry "comprehensive" and “correct”?<br /><br />Actually, if you look into more details of the results, RM16.7m was tax credit, something a company can claim for tax deduction only in the future if there is profit. You should look at its profit before tax, which is only RM10.95m.<br /><br />If you know about how to read financial statement well, you will notice that there is an “exceptional item” on “Gain on disposal of an associate company” of RM10.3m. This item is an “exception” for this quarter and it is meaningless, unless of course Lion industry can have associate company to dispose off with a gain every quarter.<br /><br />So, what does it leave us with the core profit of Lion Industry in this quarter? Almost zero for this quarter? So, was the prediction correct?<br /><br />Lion Industry’s share price has retreated from RM1.26 from 2 weeks ago when the rosy earnings was made, and when the "You should buy back" advice was given to RM1.00 now. Was the advice to buy back (after it has gone up from 60 sen to RM1.26), a great advice?<br /><br />In less than 2 weeks from the above post, another post on Lion Industry surfaced on 29th August 2018 as shown in the link below, “How Human Behaviour Affects Investment Decisions”,<br /><br />https://klse.i3investor.com/blogs/koonyewyinblog/171781.jsp<br /><br />This post was not mentioned in Jerry’s open letter.<br /><br /><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoAyXh-SklRJt7wFqD0fhix6kxyofP3Cn-v1HkxSCM112zkGTKzac0Sb0Vg542pCKzqUq0FWTqOImYlm6BsrWYra-UGxUzwI_Am6QF_HPOkEmEUsiTv5fRRUOzrZ8Np4cKCGF-5g/s1600/steel.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="399" data-original-width="600" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoAyXh-SklRJt7wFqD0fhix6kxyofP3Cn-v1HkxSCM112zkGTKzac0Sb0Vg542pCKzqUq0FWTqOImYlm6BsrWYra-UGxUzwI_Am6QF_HPOkEmEUsiTv5fRRUOzrZ8Np4cKCGF-5g/s320/steel.jpg" style="display: inline;" width="320" /></a></div>
<br /><br />Lion Industry post on 29th August 2018<br /><br />There was a paragraph on “why I am selling Lion Industries when I know that it has a very good profit growth prospect?”<br /><br />“Within a few weeks, we have bought about 30 million Lion Industries shares. When I know that it will announce a reduced profit for the next quarter which will be announced before then end of the month, we sold some shares to raise funds so that we can buy it back at cheaper prices. Currently, it looks like the worst is over and the price is going higher.”<br /><br />Two weeks ago, the prediction was profit for the 4th quarter would be as good as the third. Now, also before the result was announced, he knew that there would be “reduced profit”, and he had sold shares in Lion Industry, and is waiting to buy back latter, knowing that “it looks like the worst is over and the price is going higher.”<br /><br />What? Some kind of so-called Business Sense? Pivotal Moment? Dynamite investing?<br /><br />But I have to admit that the part on "reduced profit" prediction was "brialliant" and it turned out true. And I love the prediction on,<br /><br />“it looks like the worst is over and the price is going higher.”<br /><br />Is that how you teach people how to become super investor?<br /><br />Food for thought.<br /><br />I think that is why people like Jerry who has lost 23%. But good boy, you don’t blame anyone, and you shouldn’t. In fact the great thing is that you praised him instead of just be silent. Hard to find good people like Jerry. Well done.<br /><br />Wow, how I love to read articles in i3investor. It keeps our mind working, wondering and pondering all the time. Good to prevent azeilmer!<br /><br /><br /><br />Appendix: Share price movement of Lion Industry<br />
<br />
<img alt="" src="data:image/png;base64,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" /><br />
<br />https://klse.i3investor.com/blogs/kcchongnz/172208.jspUnknownnoreply@blogger.com