Koon Yew Yin's Blog

Hiap Teck Target Price? Koon Yew Yin

Koon Yew Yin
Publish date: Wed, 25 Aug 2021, 11:44 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

After I saw Press Metal announcement of its latest quarter result, I am encouraged to predict my target price for Hiap Teck.

Press Metal share price is Rm 5.10.

The company just announced its EPS 3.16 sen for its quarter ending June and its previous quarter EPS 2.55 sen.

Hiap Teck share price is 53.5 sen.

Its EPS 4.79 sen for quarter ending April and its previous quarter EPS 2.21 sen.

By comparison Hiap Teck share price should be much higher that Press Metal.   

Why Steel price shot up more than 300%?   

China has been the biggest steel producer and exporter in the world. Since China wants to improve its air quality and environment, it has stopped exporting steel. It only produces enough of steel for its own use. As a result, the price of steel has shot up more than 300% in the last 1 year as shown on the chart below.

China has stopped buying iron ore from Australia. As a result, the iron ore price has plunged sharply as shown on the iron ore price chart below.

 

 

As I stated above, Hiap Teck EPS 4.79 sen for quarter ending April and its previous quarter EPS 2.21 sen. Hiap Teck’s profit increase is 4.79 sen divided by 2.21 sen = 216%. Based on the rapid steel price increase, Hiap Teck EPS for the next quarter should be much higher than 4.79 sen.

Assuming its EPS remained the same as 4.79 sen for the next 3 quarters, its annual EPS will be 4.79 X 4 = 19.2 sen.

If Press Metal with less EPS than Hiap Teck can sell at Rm 5.10, Hiap Teck should sell at least Rm 1.00.

My target price for Hiap Teck is Rm 1.00.   

 

 

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Discussions
2 people like this. Showing 30 of 30 comments

abang_misai

Assalamualaikum Abdul Koon. Apa khabar Hiaptaik?

2021-08-25 14:51

abang_misai

Hari-hari hiaptaik kah? Tak ada saham lain?

2021-08-25 14:51

gohkimhock

Do you want your daughter to marry a rich professional man or a gambler who can be as rich as the former? The answer is there..

2021-08-25 14:56

stockfreak

Oh No. KYY again...

2021-08-25 14:58

abang_misai

Jokes aside, Uncle KYY, for a multi-bagger stock, kindly look into Kpower. Prospects are really good with Rm2bil order book for mini-hidro & solar power which are green tech, low PE, net cash company.

2021-08-25 15:00

HerbertChua

Post removed.Why?

2021-08-25 16:06

MikeMichael

Press metal aluminium. Hiaptek steel. What about the MCO and 60 percent workforce

2021-08-25 16:18

Spikycat

Better use DUPONT analysis by KC u can know the strength and weakness of this company compare to peer before blindly follow

2021-08-25 17:00

onhands

KYY:Press Metal share price is Rm 5.10. The company just announced its EPS 3.16 sen for its quarter ending June

Q: Kossan recent EPS is 41.7sen by logic whats fair share price please? Thank you

2021-08-25 17:17

tarrytng94

KYY value = Graham value = RM1.00

2021-08-25 17:46

Sslee

The word of wisdom from i3lurker.

i3lurker the value of any share is always the current market price whether INSAS or Top Glove
25/08/2021 4:46 PM

2021-08-25 17:55

peterparker69

This old shit pointed this stock. The price will fall like roller coaster. Must sell off

2021-08-25 19:59

trum

股价上涨只是在时间上的问题. 收集公司股票在合适的价格. 公司老板收集在 RM2.76 价格之间. 我们拭目以待.

2021-08-25 20:19

SpeedNpower

Kyy panicking price keep drop. Now busy promote. Minimum 3 articles bout hptk per week.

2021-08-25 21:32

The_JQuestion

Good give kyy some heartaache for a change when he say buy ALL SELL time to taaaste his own medicine as they say

2021-08-25 21:39

s3phiroth

conman kyy misleads everyone again by showing the latest iron ore price chart but outdated hrc steel price chart.

Better run before he does

2021-08-25 21:48

stockwin

Why should Hiap Teck report reduced profit? Koon Yew Yin

KYY said ;---
"Investors with some common sense should know that Hiap Teck will surely report reduced profit in the next few quarters."

https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-26-story-h1568812181-Why_should_Hiap_Teck_report_reduced_profit_Koon_Yew_Yin.jsp

2021-08-25 23:21

bigprice

Prestar , kssc and some steel related counters announce Sterling results today. So hiaptek, choobee, leonfb and melewsr should up .

2021-08-26 00:28

SpeedNpower

Sell on qr/news bro. First day in bursa ?

2021-08-26 01:11

abang_misai

Now no more use common sense?

2021-08-26 08:09

LossAversion

If there is common sense in trading stocks, not much money can be made. It is the senseless emotions of other people that generate profits!

2021-08-26 08:20

trum

该股仍然很便宜。在今年年底之前,它将是一只热门股票?????

2021-08-26 11:00

sinojab

Chino not exporting steels anymore due to tarriff 13%
There making other world steel makers to make up the demands especially USA development reforms greatest demand next few yaers!

Hiaptek enjoys 30% cheaper costs from Australia iron ore prices!

2021-08-26 12:31

trum

现在的政府对税收如此迫切,以至于他们派检查小组到工厂检查谁开始秘密工作。我真的相信 "老鼠 "大多已经死了。

2021-08-26 17:31

kelvin61

Geezer is trying so hard to get his shares moving with his daily write-ups. Can you imagine if there's no i3 to promote his stock? I think his share market performance would only be mediocre at best.

2021-08-27 12:07

trum

很明显,没有人长期持有这些股票。

2021-08-27 13:50

CharlesT

Koon Bee also cannot move this Dinasour stock

2021-08-27 14:25

L2

By Feb2022, 4m MT potential coming online from LionInd refiring up nascent capacities (Banting 3.2m MT + Pasir Gudang 720k MT)

2021-08-27 16:44

trum

要想在股市中获胜,就得聪明点。不要被这里的鲨鱼所蒙蔽。

2021-08-27 21:54

trum

赚钱不容易。有些人说在股市中赚钱很容易。

2021-08-27 23:15

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