Koon Yew Yin's Blog
No reason to dump Hiap Teck - Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 28 Oct 2021, 09:43 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
All materials published here are prepared by Mr. Koon Yew Yin
Yesterday Hiap Teck dropped from 65 sen to close at 57 sen, a drop of 8 sen. The total volume traded was 136 million shares. I have not seen any stock traded with such a big volume before. I cannot find reasons why Hiap Teck should plunge 8 sen yesterday as shown on the price chart below.
Hiap Teck has 35% share of Eastern Steel Sdn Bhd (ESSB) and the controlling shareholder is Beijing Jianlong Heavy Industry Group Co., Ltd. which is one of the largest steel producers in China. ESSB can produce steel cheaper in Malaysia than in China and USA because our electricity is much cheaper.
Despite the recent steel price correction, steel price in Malaysia is much cheaper than that in China and in USA as you can see the 3 price charts below for comparison.
Iron ore price in Malaysia is Rm 5,200 or US$ 124 per metric ton. Iron ore price in China was US$ 220 per metric ton before the recent crash. Iron ore price is US$222 per metric ton in USA.
I cannot find reasons why Hiap Teck should plunge 8 sen yesterday.
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Discussions
Be the first to like this. Showing 49 of 49 comments
why u wasting time promoting your false thinking? grow up la uncle... maybe ask ur grandson to invest in your stock picks
2021-10-28 16:06
"No reason to dump Hiap Teck because me and the sharks havent fully sold off our shares yet!" - KYY
2021-10-28 16:18
Hello KYY, you have never seen?
Welcome back to Malaysia & you must have missed the show directed by Karim on "Serba WonderShow"
2021-10-28 16:56
vcinvestor "You should buy this share"
"This share is so undervalued"
"Don't worry about the dip, keep buying this share"
"Its illogical that the share price is dropping, I will buy some more"
"This is a good opportunity to increase your stake at this price"
"Actually I sold this share last week. You should make your own decision with shares"
Same formula by the old man, just rinse and repeat with a new counter
____________________________________________________________________
Fully Agreed, exactly the same ploy
2021-10-28 17:07
u dont touch whatever kyy heavily promoted because he will eventually bring u to amsterdam. It is not an accusation but proven facts.
2021-10-28 19:55
I say: No reason to believe you, KYY. From glove counters experience, you demonstrated that you are a non-ethical person. Though you did charity but you hurt retailers who follow your calls. You can deny but that's the fact.
Today say supermx good, then suddenly say supermx overvalued, then say topglov good, then no good, comfort good, then expensive, then ruberex then expensive.
I'm sorry to say this. Maybe you don't see anything wrong but from outsider, i see you are a bad person.
2021-10-28 20:06
not true to say that malaysia steel cheaper than China steel.....
furthermore, Malaysia capacity not 1% of China capacity, like mosquito vs elephant.
but wild fluctuations in raw materials and product prices means P/L fluctuates wildly too...all depends on cut offs and timing.
2021-10-28 20:40
He is showing a chart of price in July which was much higher against a price now that is much lower , misleading
2021-10-28 21:28
How many articles Kyy wanna write to promote one stock? what a pathetic manipulator! just sell all your assets and buy more hiap teck lah since you say it will reach RM1.16.
2021-10-28 21:54
Of course sometimes kyy do give some right analysis but many a times, he's totally out. He must have bought a lot of hiapteck shares to promote so aggressively to others.
2021-10-28 22:04
Can we trust such a person who had already a personal interest in the stock he promote.
2021-10-28 22:07
He used to promote supermax aggressively but quietly sold all his holdings when the stock started to crash. After the crash n having sold all his holdings quietly, he started to write negative remarks of supermax. Can we trust such a man??
2021-10-28 22:11
let's not forget how he promoted AT but sold everything a few days later.
2021-10-28 23:08
Chinese gods have “choi san”=wealth god and “shui san”=bad luck god….
Currently, it is karma hit kyy……… u guys know what to do when a person have such god follow him. Do the opposite !!!!!!
2021-10-28 23:44
if I can short sell this stk ah, i kasi sell all the way. Kasi pecah itu balang....hehe.....sure make money.
2021-10-29 08:56
I looked into the chart from Elliott Wave lens.
Hiap Teik has already its 5 wave uptrend that started in 2020. The last wave 5, with all its overlaps, is an ending diagonal. An ending diagonal means "the train is returning to its station". The top of the last wave 5 is not able to go past the last wave 3 high, indicating a failed wave 5.
The ensuing correction is bound to be deep.
2021-10-29 10:17
ahbah Coming Monday, mkt on BULL RUN !!!!!
29/10/2021 11:04 PM <--- Hahaha -30+ is considered BULL RUN?
2021-11-02 08:36
I have a friend in Sabah who just started to venture into steel business making roof & all kinds of steel products using cold coils & sheets.
He tried to ask around quotations from west Malaysia producers and the lowest quote he got was RM8000+ per ton (coils).
You know what? He managed to import 3 tonnes from China using container & forwarding agent for custom clearance. With all costs, he received the items in Lahad Datu with average price of RM5000+ per tonnes.
So the reality?
2021-11-12 23:07
wonder what happened to KYY??
No write at all!!!
Did he pump and dump?
2021-11-13 00:54
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vcinvestor
"You should buy this share"
"This share is so undervalued"
"Don't worry about the dip, keep buying this share"
"Its illogical that the share price is dropping, I will buy some more"
"This is a good opportunity to increase your stake at this price"
"Actually I sold this share last week. You should make your own decision with shares"
Same formula by the old man, just rinse and repeat with a new counter
2021-10-28 10:40