Investing Experience -
Risk Profile -
Followers
0
Following
0
Blog Posts
0
Threads
421
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
421
Past 30 days
0
Past 7 days
0
Today
0
User Comments
Stock
Stock
Stock
Stock
2021-11-14 15:23 | Report Abuse
Each Point will rely on your own homework , own analysis , own DecidionS as only u know ur risks level .
Stock
Stock
2021-11-14 15:17 | Report Abuse
Here retailers n newbies can see those opposite viewers how they wrote on negative info n facts , but also how they wrote to promote their pick stocks with Dream info ? with Shark Sapu info ? with announce Customer name info will Limit Up ?
Stock
2021-11-14 15:14 | Report Abuse
actors : Ularsawa aka Dragonslayer ..
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-11-13 23:12 | Report Abuse
Hiap Teck Venture in expansion mode
TheEdge Sat, Nov 13, 2021 09:02am - 14 hours View Original
KUALA LUMPUR (Nov 13): After a 10-year wait, Main Market-listed Hiap Teck Venture Bhd, controlled by tycoon Tan Sri David Law Tien Seng, is finally reaping the fruits of its investment in Eastern Steel Sdn Bhd (ESSB), which operates a fully-integrated blast furnace steel plant in Kemaman, Terengganu.
The construction of ESSB’s Kemaman plant started in 2011 before its dry run in 2014, followed by the commencement of production in January 2015.
Unfortunately, in October 2015, ESSB’s operations were suspended to minimise losses due to difficult market conditions at the time, caused by the influx of cheap imports from China that started in 2013.
The breakthrough came in 2018, when Hiap Teck successfully roped in Shanxi Jianlong Industry Co Ltd as a new strategic partner of ESSB.
Shanxi Jianlong, whose parent Beijing Jianlong Heavy Industry Group Co Ltd is a Fortune Global 500 company and one of the top five steel makers in China, acquired a controlling stake of 60% in ESSB and resumed steel production within a short period of half a year.
Notably, Hiap Teck last Monday announced that Shanxi Jianlong had injected cash of 500 million yuan (about RM325.6 million) into ESSB, and therefore raised its stake in the company to 68.8%.
Consequently, Hiap Teck’s shareholding in ESSB was diluted from 35% to 27.3%, while Chinaco Investment Pte Ltd’s stake was cut from 5% to 3.9%.
In an exclusive interview with The Edge, Hiap Teck executive director Law Wai Cheong, who is Tien Seng’s son, said the capital injection by Shanxi Jianlong was very timely as ESSB had gained a strong foothold in the local steel industry and was ready to embark on a RM3 billion expansion, involving a venture into the hot rolled coil (HRC) business.
Wai Cheong also spelled out Tien Seng’s ambitious plans in rebuilding his mining empire in Australia.
To recap, after selling his stake in Australian iron ore miner Midwest Corp Ltd to China’s Sinosteel Corp at the peak of the commodity boom in 2008 — pocketing a whopping profit of A$200 million — Tien Seng returned to Australia by investing in Tungsten Mining NL (TGN) in 2014.
Today, he controls at least three Australian-listed mining companies, namely iron ore miner GWR Group Ltd, tungsten miner TGN and gold miner Western Gold Resources Ltd.
Meanwhile, it has not gone unnoticed that most steel stocks on Bursa Malaysia, which saw their prices peak in May this year, have since retreated from their mid-year highs, some with more than half of their gains erased.
The Edge compares the performance of Hiap Teck against some major steel players including Ann Joo Resources Bhd, Southern Steel Bhd, CSC Steel Holdings Bhd and Leon Fuat Bhd.
Get the full story in the Nov 15 issue of The Edge Malaysia weekly.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-11-12 12:12 | Report Abuse
Or ppl said otakk caccingg kah ???
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-11-12 07:53 | Report Abuse
Oh , dont buy Tafi now as being Pump from 60 sen since 6 months ago . I am oredi cutwin with ratio 40:30:30 .. snakee , jealous kah ..
Stock: [HIAPTEK]: HIAP TECK VENTURE BHD
2021-11-14 15:39 |
Post removed.Why?