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Occa, thanks for sharing the statistic.
By nature, China or Malaysia are not key exporter to US, hence recent tarrif seriously no impact in their operation, however, sentiment in temporary, yes. Therefore, doubt that imports & exports statistic will have big shift from local manufacturer point of view in mid term. Interesting to note also, those country in Asia that exempted from US tarriff may create opportunity for Asean steel player instead, such as Malaysia. For example if Taiwan get exempted, they would prioritise US market over Asean market due to better price, it would then means Asean has to resort inter-Asean to source raw materials. If this happens, it will create stronger demand in steel that allows wider avenue for local manufacturer like Hiap.
From regulations perspective, safe guard in Malaysia imposed since late 2016 for steel concrete reinforcing bar (rebar) and steel wire rods & deformed bar in coils. In that context, Hiap Tec is direct beneficiary, that protection mainly to curb unnecessary dumps from other region esp china that directly impacting local steel price negatively. Malaysia safe guard is a direct fire wall for local steel manufacturers. In addition to this, China has also undergone tremendous measure to cut total country production via environmental regulations. Many factories cracked down since early Q4 2017.
In nut shell, US tarriff looks bad but can also augur well for local players at the same time depending forward trend movement & changes.
Mostly, local steel player like Hiap Tek productions output is largely cater local construction demand, that never ending demand.
Short to mid term , Hiap Tek looks highly promising. More so now with successful JV-Eastern Steel as upstream maker behind their back. Another Ann Joo in the making.
Current price attractive enough? Sure it is.

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Stock: [HIAPTEK]: HIAP TECK VENTURE BHD

2018-03-30 17:20 | Report Abuse

Not to mention Hiap current price is one of the lowest in the region, given company size and current / future development, is like second to none. One can estimate how strong the upside this price can travel.

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Stock: [HIAPTEK]: HIAP TECK VENTURE BHD

2018-03-30 17:14 | Report Abuse

The fact that Kevin mentioned is true. Unfortunately, is the whole market sentiment that got steel counter into the unfavorable side, and Hiap is not alone. Nevertheless, another side of the coin about current fiasco (Trump effect) deemed to be "temporary" and also Hiap is highly investable looking at the current price and the current price would be strongly backed by all the potential development hiap could probably have, including JV, FY18 EBIT turnaround plan. Speaking of JV, China counterpart seeking additional shares in the JV also a strong indication all the potential that Eastern Steel may unleash in the near future.

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Stock: [HIAPTEK]: HIAP TECK VENTURE BHD

2018-03-29 20:55 | Report Abuse

People, stay positive. You don't want to see it down for sure

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Stock: [HIAPTEK]: HIAP TECK VENTURE BHD

2018-03-29 18:11 | Report Abuse

Superb result!!!!

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Stock: [HIAPTEK]: HIAP TECK VENTURE BHD

2018-03-29 08:20 | Report Abuse

Rainbow will come after rain