The National steel anti dumping policy will expire on 1 st May 2021, if the government extends the said protective policy the TP 80 cents is not a problem. Let us wait and see. Hold tight !!
The quarterly result is better than other steel manufacturers but the volume into Hiap teck is reducing n the KLCI looks like no momentum to go up since last week, the KLCI may face mild correction in coming week....
Today international steel price 5172 CNY ,non of the manufacturer will sell cheap because demand exceeds supply thus all the manufacturer will make huge profit.Guys top up before too late !!!!!!!!
Yes ,Correct . Guys ,Top up before too late !! Hiap Tek holding 30 % share in Eastern Steel( M ) Bhd ,and 70% of Eastern Steel product export to China ,therefore big profit for the company is on the hand two three months times.
Steel prices likely to go up again in April By: FE Bureau | April 5, 2021 12:30 AM While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. steelmakers A near-term momentum in HRC prices is likely, with prices. While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price offers (up $30/t w-w) from Vietnam and local steel being Rs 5,000/t cheaper vs imported steel on landed cost basis, Nomura has said.
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....
qwerting1
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Posted by qwerting1 > 2021-04-01 16:14 | Report Abuse
Melewar has ascending triangle and hasnt go up yet! Pretty undervalue