Buy,buy,buy ! Eastern Steel resumes operation on 17 july 2018 ,Jianlong from china owns 60 % , HiapTek owns 35% , Eastern Steel will be designated as one of the major supplier of ECRL project...Buy ,buy when it is cheap !!! Buy when others fear !!!!
It is on 17 July 2018 Eastern Steel resumes operation .At full operation, Eastern Steel produces steel slabs and billets approximately 700000 MT per annum. For its sales,Eastern Steel has secured approximately RM 310 million order in advance from major customers include JK Ji Seng Bhd, Shang Cheng Steel Co,Ltd,Cheongfuli (Hong Kong) Company Limited and Metal One Corporation .Eastern Steel customers are mainly downstream steel processing industry.
Dawneagle, being investor in the share market ,one of the important requirement is uphold foreseen " business sense" to buy in stock when the price cheap,in the event the news materialized ,price gone up several folds !!!!!
Ya that's what I am asking. Where got news that hiaptek bidding or waiting or inline to get the ECRL job. If have then its foreseen. Otherwise its unforeseen, which is equivalent to buying 4D number....lol
Yap Han Han Beatland been bankrupted already lor... What to voice out again.... Or Beatland mean that he/she knows hiaptek is going to fall down like shittttt
Ans: The market is badly hit by world wide bad sentiments resulted the share price sharply dropped causing uncontrollable problems for short term or long term investor. l feel sorry for those who cannot overcome the hitting pain.To trade in share market indeed is a highly risky business, it is either you made or lost and nobody in the world will ensure you that sure to make money from your investments. Mr. Yap Han Han,thank you for concern that l fell into the bankruptcy hole,l am holding one million share at average cost of 30.25 cts ,at the moment l am suffering more than one hundred k paper lost but on the other hand l made good return from ekovest investment. AT this junction of unfavorable trading environment, hopefully you are safely landed on good time.
Die ledi... Need to wait 3 years then only will recover as there is trade war between USA and China. This company linked to China... Some more no project need huge amount of steel and aluminium. Wait for China organize world Cup then only will have hope
@McCann that's old news. Share price went upto 31cent when that news came out. Then the following QR was nett loss, and the share price came all the way Down to current price
So far, no good news. 1. Need a set of profitable QR, atleast 2 QTR 2. Eastern steel must turn black or atleast break even 3. Hopefully there is no penalty or non performance claim on the 140million they pledged.
Quarterly profit fr operation dropped from RM35M to RM24M YoY. Increase in Net Profit mainly from reversal of impairment loss from JV entity. SELL at lower target price of 0.165.
Quarterly profit from operation @ 23,776M is higher than preceding quarter operation profit of 15,366M...showing improvement in operations this quarter from preceding quarter
The Group registered a Profit from Operations of RM23.78 million for the current quarter as compared to RM35.17 million in the preceding year corresponding quarter due to compressed margins attributable to steel prices for the quarter under review.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Wuzy
1,579 posts
Posted by Wuzy > 2019-06-28 00:42 | Report Abuse
very bad QR