The previous drop from 0.705 on 7/5/2021 to a low of 0.455 on 20/5/2021. After this low, the share price rebounded strongly and go back to 0.70. Those told to cut loss are crying without tears.

If history repeats itself, the lowest the share price can drop down is 0.455.
When the share price of Hiaptek was at 0.455, the PAT was 30.1 million.

China steel rebar rebounded from a low of RMB4,640 in late May 2021 to a high on RMB5,920 at the end of October 2021.

The present PAT is RM60.5 million, 100% more than the previous PAT when the share price was at 0.455. I do not see any need to cut loss.
Those buy below 0.50, you are still in the profit.
No reason to cut loss.

I never tell anyone to cut loss. I recommend to hold until September 2022. I told readers to buy Hiaptek on a bit longer term, no need to remind every minute and second I presume.

Eastern Steel sells billet and slab to China and Asean countries using international pricing.
The billet is selling at RM2,750 to 2,900 today. The selling price is still very high.
Any drop in the selling prices of steel rebar in China have no effect on the earnings of Eastern Steel.
Billet and slab are selling like hot cakes in China and Asean countries.

The trading house of Hiaptek sells steel pipes and hardwares.

The drop in the rebar price has nothing to do with Hiaptek, who care about China steel rebar future price.
Hiaptek is not involved in rebar business.
Malaysian investors are simply selling Hiaptek shares without knowledge.

Q1 2022 results to be released in December 2021 will be very good.
The steel price from August to October is very high.
Please note that the share price of Hiaptek is at 0.53, not 5.30. The downside risk is very minimal.

The projected PAT of Hiaptek for FY2022 is RM320 million, a 100% growth in PAT compared against FY2021.
I like Hiaptek because of low PER, high EPS growth, high ROE, record high projected PAT in FY2022, low EV/EBIT, and good free cash flow.
The fundamental of Hiaptek is very good.

I hope the Q1 2022 good result will help to move up the share price.
Thank you.

Want2MakeMoney and takaje,

Let us keep the shares and wait for Q1 2022 result.
Good luck.
Thank you.

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No idea.
I forgotten the formula.
Please focus on Hiaptek here.

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I bought 100% portfolio around 0.52 (some 0.49 and 0.55 plus swing trade profit at 0.695)
Want to attack me, wait until the end of September 2022.
When I wrote my recommendation report, I stated clearly to buy and hold until September 2022.
If I lost money by September 2022, I will apologise gentlemanly to all readers here including all attackers.

You attack me no point, I will attack you back.
Please behave as a gentleman, I will fulfil my promise.
I do not let anyone here to bully me.
Thank you

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Do not talk cxxk here.
Do not know FA, keep your mouth shut.

Hiaptek, no fundamental and can drop until 0.25 or less.
Tin kosong talk cxxk very good.
Not wonder make peanut profit.

Hiaptek can drop until so low, please short Hiaptek.

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No hurry to win, wait for a few months only.
Time will tell the truth.

Posted by MoneyMakers > Nov 3, 2021 12:18 PM | Report Abuse

Aiyaa people like kyy/otb always have to write article/up their reputation..need more bilis to follow them..if not, how to pump&dump
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The message is very clear in I3.
I have balls to write the report.
Do you have any ?
Readers here will know who to trust.

Shouting loud does not guarantee you win.
Time will tell the truth.
Tin kosong always shout very loud.

Everyone shouted very loud, sell all your shares on 19/3/2020.
A very big crash is coming.

I am the only one posted in I3, it is the opportunity to buy cheap.

I withdrew all my FD (forgo the interest) to buy big on shares in March 2020.

I made the most money in my life in 2020.
1 year profit in 2020 is enough for me to retire happily.

Do not assume you are right because you shouted the loudest.
Do not think that you will win because you shouted the loudest.
Time will tell, just wait for a few months only.
Thank you.

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Posted by vllyk > Nov 3, 2021 11:28 AM | Report Abuse

Isn't it just a simple supply and demand issue? With China clamping down on steel plants and winter season setting in increasing cost of production, am quite certain steel prices will stay current level. Even if prices drop, the demand will remain as economies open up after COVID. Even EU and American cannot than and decide to release tariff as there isn't enough on supply.

I can't wait to see next are results. Should be very encouraging.

And the simple matter is, scrap metalpeice is still being sold at all time high. Even in international scrap yards.

Wonder so many people comment with such little depth in forums. China is world biggest steel consumer and producer 57%. If they cut down on production, wouldn't prices go up? Thought it is simple logic. Costs of raw mat will pass on to consumers as usual.
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Wait patiently until December 2021 to see the Q1 2022 result.
The share price is down now, nothing we can say.
At least you share the same thought as me.
Thank you.

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You buy share or you buy steel bar future.
Steel bar future has nothing to do with Hiaptek.

Billet and slab are selling like hot cakes.
Sell to China also follow international pricing.

US steel bar future price which is the international price is not down like China.

Nothing to talk, no point, Hiaptek also cannot perform.

Readers in I3 know who can be trusted.

I had been attacked in I3 for many years, I still stand high here.
Many attackers disappeared from I3, I am still around continue to make money year after year.

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Please do not attack me. I show all facts and figures, nothing much I can do.
I have some principle in me, I share the information sincerely.
The share price cannot perform, nothing much I can do.
There is no sure win in the stock market.
Sometime you win, sometime you lose.
I do not cheat any reader here.
I only recommend good fundamental stocks.
The market is down, nothing to talk.
Chinese steel bar rebound, the share price also the same.
I just keep quiet.
Thank you.

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Eastern Steel sells billet and slab to China and Asean countries using international pricing.
Not China price.
Billet and slab are selling like hot cakes.

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I find out the below information about Hiaptek.

Eastern Steel sells billet and slab to China and Asean countries using international pricing.
Not China price.
Billet and slab are selling like hot cakes.

Steel pipes and hardware are part of trading business only.

The drop in the rebar price has nothing to do with Hiaptek, who care about China Rebar future price.
Hiaptek does not involve in rebar business.
Malaysian investors are simply selling Hiaptek shares without knowledge.

I recommend to buy Hiaptek because the share price is undervalued.
Q1 2022 result to be released in December 2021 will be very good.
The steel price from August to October is very high.
Patience to wait until December 2021 to receive your Christmas present.

I hope the Q1 2022 good result will help to move up the share price.

I cannot dictate the share price, up or down is beyond my control.

Thank you.

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Dear Philip,

Please read all my aforesaid articles, I need your comments.
Thank you.

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World total production of steel in 2020 = 1.878 billion MT
World total consumption of steel in 2020 = 1.772 billion MT
China reduced 30% production of steel from now until 15/3/2022 = 400 million MT
US government spent USD2.2 trillion to implement infrastructure projects required at least 110 million MT of steel.
EU and G7 leaders to implement B3W initiative required a lot of steel, I cannot quantify the usage.

Overall there is great demand of steel in the world especially in US, EU, G7 and China. Not even 1 country can fill up the vacuum of supply once China reduced steel production by 400 million MT.
China reduced production of steel by 30% will affect Chinese steel stocks because of lower PAT.
This action will bring more benefits to all steel stocks in the world.

Malaysian steel stocks will benefit the most because Alliance Steel and Eastern Steel S/B will sell more steel to China because they are actually China companies. The production of steel is shifted from China to Malaysia.

Thank you.

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Coal and iron ore are raw material required in steel production.
Cheaper raw material will reduce the production cost.
Steel price drops, the profit margin is still the same or better if the drop in the raw material cost is more than the drop in the steel price.
Shouting loud does not guarantee you will win.

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So good should make million.
At least I made my million in KLSE.
There are many readers in I3 made million in 2020.
Result speaks louder and clearer.

Shouting loud in I3 will not guarantee you make money in KLSE.
Shouting loud does not guarantee you are right.
Shouting loud does not guarantee you will win.

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No need to go to US, KLSE is good enough for me.
Making profit since 2009 until 2021 except 2018.
The wealth gain is enough for my retire life.
FYI, I do some charity in our hometown.
At least I contribute some back to our hometown.
Thank you.