Stock Name: LIONIND
Company Name: LION INDUSTRIES CORPORATION
Lion Industries Corp was upgraded to "trading buy" from "neutral" at OSK Research Sdn Bhd as a potential sale of a stake in Amsteel Mills Sdn. will allow it to ‘unlock'' the value of its steel business.
Lion Industries rose to a four-month high, climbing 4.8 per cent to RM1.96 at 9:03 a.m. local time, set for its highest close since Feb. 23.
Bloomberg reported yesterday that China's Baosteel Group Corp is in talks to buy a stake in Amsteel Mills for about US$1 billion, according to two people with knowledge of the matter. -- Bloomberg
Company Name: LION INDUSTRIES CORPORATION
| Research House: OSK | Price Call: TRADING BUY | Target Price: 2.73 |
Lion Industries Corp was upgraded to "trading buy" from "neutral" at OSK Research Sdn Bhd as a potential sale of a stake in Amsteel Mills Sdn. will allow it to ‘unlock'' the value of its steel business.
Lion Industries rose to a four-month high, climbing 4.8 per cent to RM1.96 at 9:03 a.m. local time, set for its highest close since Feb. 23.
Bloomberg reported yesterday that China's Baosteel Group Corp is in talks to buy a stake in Amsteel Mills for about US$1 billion, according to two people with knowledge of the matter. -- Bloomberg
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