Koon Yew Yin's Blog
Hiap Teck is cheapest Steel Producer - Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 06 Oct 2021, 04:26 PM
Koon Yew Yin
0 1,440
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Steel price is rising:
The steel price chart below shows that steel price has gone up from 3,750 to 5,835, 50% increase in the last 12 months due to various reasons. One of the reasons is that China has been the world largest steel exporter before and it has stopped exporting because it wants to reduce the use of coal to produce steel to improve its air quality and environment.
Covid 19 shut down
Hiap Teck reported revenue Rm 164.8 million and EPS 4.26sen for the quarter ending July. Its previous quarter ending April, revenue Rm 329.6 million and EPS 4.79sen. Its revenue has dropped about 50% but its EPS has dropped only about 12% despite of its factory in Kelang was shut down for 2 months and its associate Eastern Steel plant in Treggannu was shut down for 1 month.
Covid 19 cases is reducing:
The number of new Covid 19 cases is reducing so rapidly, largely due to the rapid vaccination rate. As shown on the charts below, on 26 Aug the number of new Covid 19 cases was 24,599 and on 4 Oct the number of new Covid 19 cases was only 8,075.
Vaccination
Currently 44.6 million doses of vaccine were injected to 20.7 million people which is 64% of our population.
Last month alone, 5 million people were vaccinated. If this month another 5 million people were to be vaccinated, the total number of people vaccinated would be 25.7 million, equal to about 80% of our population.
From next month, there will no more MCO lock down and people will be free to move about. Based on the above facts, Hiap Teck should be able to report much better profit in the next few quarters.
Based on current prices, Hiap Teck is the cheapest stock among all the steel producers in Malaysia as shown on the comparison below.
|
Name |
price |
Latest EPS |
EPS divided by price |
|
Hiaptek |
56sen |
4.26sen |
7.6 |
|
Melewar |
41.8sen |
2.64sen |
6.4 |
|
AnnJoo |
Rm2.65 |
15.48sen |
5.8 |
|
CSC Steel |
Rm1.31 |
4.18sen |
3.2 |
I wish to point out Mr Ooi Teck Bee’s latest weekly recommendation especially the chart formation of Hiap Teck.
Hiaptek - Cup And Handle Chart Formation
- The present chart pattern will form a Cup And Handle Chart.
- Please note that Parabolic SAR buy signal (Green ball) has appeared.
- The pivot line of this Cup And Handle Chart is at 0.615.
- Once the 0.615 major resistance line is overcome, the Cup And Handle Chart is formed.
- The slogan for a Cup And Handle Chart is "the sky is the limit".
Investors should take this great opportunity to buy Hiap Teck. Mr Ooi Teck Bee has named Hiap Teck Miss Universe.
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| Chart | Stock Name | Last | Change | Volume |
|---|
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Discussions
Be the first to like this. Showing 20 of 20 comments
I feel sorry for the people who believe so much in hiaptek just because the company happened to have some good FA and steel prices might be rising. I have respect for OTB but I feel his judgement here has been clouded. He has over analysed it to paralysis. Hiaptek nosh will be a ball and chain on the share price. If you own hiaptek shares, just get out now. So many other good non steel stocks flying now.
By December this year, the price will still be no higher than 60, I guarantee.
2021-10-06 17:58
Geezer is a failure today. He used to boast and thump his chest. Now I wonder where are all his followers. Nothing coming from Geezer will be taken seriously by anyone. In fact, if he chooses to buy the share you owned, then its time to sell out. The share will go down instead. He is shunned like the plague. This is his KARMA.
2021-10-07 00:06
Without OTB, Grandpa Koon is nobody! He has gone back to his old faulty ways! Yeah, always picking losing horses!
2021-10-07 00:12
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” - Warren Buffet
2021-10-07 00:22
"Posted by gohkimhock > Oct 7, 2021 12:22 AM | Report Abuse
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” - Warren Buffet"
=====================================
So true, like how 51% is demanded.
2021-10-07 00:30
Dear Mr Koon Yew Yin,
As you know, I've been advising to take a position in Genting (3182). You must understand, steel stocks may or may not rise, however what is proven is that the sector is highly cyclical and subject to one-offs
What is not is Gaming. After all, gambling is human nature and is as old as Man himself. In fact, with all the other travel and tourism stocks closing due to the pandemic, Genting's attractions in Genting Highlands, US & Bahamas, UK & Egypt will be that much more attractive - as the aphorism goes, 'what doesn't kill you, makes you stronger'. As such, we hope that you are able to take a position in Genting before you miss the boat on the greatest run in Genting's history
1971 Genting Highlands Opens
2021 50 Years of History and Growth
2009 Global Financial Crisis
2020 Covid-19 Pandemic
2009 Year of the Ox
2021 Year of the Ox
2010 Resorts World Sentosa (SG) opens
2021 Resorts World Las Vegas (US) opens
2009 Mar RM3.08 (low) to 2011 Nov RM 11.98 (all time high)
2020 Nov RM2.95 (low) to 2022 Xxx RM ????
History always repeats itself
Sincerely,
emsvsi
2021-10-07 09:15
Bosan, asyik ulangi benda yang sama saja. Kyy suruh Bilis up up up untuk dia jual?
Omg
2021-10-07 12:08
Bosan, asyik ulangi benda yang sama saja. Kyy suruh Bilis up up up untuk dia jual?
Omg
2021-10-07 12:09
Tak ulangi, macam mana nak bagi naik dan gaut balik berpuluh juta yg hilang? Belum lagi kira kerugian sahabat-sahabat yg ikut bersama. Rasa serba bersalah. Sebab tu, baik bilis mati dari sahabat maki....paham??
2021-10-07 15:41
Whenever this old dick promote stocks, the stocks will fall 18th floor.
2021-10-07 16:56
same modus operandi, luring ikan bilis so he can offload. then after he offloaded then will sing bad that counter. in short, KYY recommend buy, you should consider take profit already.
2021-10-08 09:36
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There are more than 900 companies in KLSE, 30% are quite profitable, maybe >10% are strong , well managed companies. Hiap Teck has a big NOSH with a poor price history. If I am uncle with his huge financial can easily look for some nuggets to play with. This Hiap Teck thing is getting boring.
2021-10-06 16:57