aaron tan dont sour grape.. you just want to collect more right? the steel theme is underpinned by infrastructure spending as most countries/economies aim to stimulate growth as the economy opens up. no business theme lasts forever but Hiap Teck's time is today
Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years.
Expectations are building that benchmark prices can get to $200 a tonne — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein in output to control the industry’s carbon emissions.
Today steel counter will be fly again, yesterday in the evening drop because of the announcement of MCO 3.0.People panic.HIAPTEK will test 0.70 this week
Ini orang botol kepala pening, sikit jam mahu beli 40 cts sikit jam 50 cts ,pergi jumpa road side Fortune Teller minta kasi empat ekor number lol !!!!!!!!!!!!!
ROFLMAO...Yeah his followers in NETX still trying to breakeven after the share consolidation with his method. Kakakakaka.. CONSOLIDATION OF EVERY 25 ORDINARY SHARES IN NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY") ("NETX SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 SEPTEMBER 2020 INTO 1 NETX SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
followed by rights issue
RENOUNCEABLE RIGHTS ISSUE OF UP TO 629,491,596 NEW ORDINARY SHARES IN NETX ("NETX SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.13 PER RIGHTS SHARE TOGETHER WITH UP TO 314,745,798 FREE DETACHABLE WARRANTS IN NETX ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 2 OCTOBER 2020
Eastern Steel Sdn. Bhd. (“ESSB” or the “Company”) is located on the East Coast of West Peninsular of Malaysia. It was jointly invested by Beijing Jianlong Heavy Industry Group Co., Ltd. (“Beijing Jianlong”) and Hiap Teck Venture Bhd. (“HTVB”). It was built on an industrial land measuring 1209 acre. Its main production facilities consist of a sintering plant, an iron making plant, a steel making plant and an auxiliary plant, and it has an annual production capacity of 700,000 metric tons. The principal activities of the Company are manufacturing, selling and dealing in a range of steel product, serving the Malaysian and Southeast Asian markets. In 2018, Beijing Jianlong acquired controlling stake in ESSB and commenced resumption of production within a relatively short period of half a year. Moving forward, the Company is planning to expand its annual production capacities to 5 million metric tons with the building of a fully integrated steel plant
Iron ore prices jumped to a fresh high on Thursday after China “indefinitely” suspended all activity under a China-Australia Strategic Economic Dialogue, in the latest setback to the strained relations between Beijing and Canberra.
LONDON (May 6): Aluminium on Thursday approached levels not achieved since 2018, closing in on US$2,500 a tonne as positive economic data and rising tensions between top producer China and major raw materials supplier Australia added momentum to the rally.
Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.
Australia is a major producer of bauxite and alumina, which are used to smelt aluminium.
Benchmark aluminium on the London Metal Exchange (LME) had climbed 2.1% to US$2,494.50 a tonne by 1605 GMT.
The most active aluminium contract on the Shanghai Futures Exchange closed 2.7% up at 19,385 yuan (US$2,992.67) a tonne after hitting its highest since January 2010.
Prices are likely to keep rising, said independent analyst Robin Bhar.
"Investors and others have the bit between their teeth," he said. "If China is stricter on closing polluting production capacity and we get a more balanced market ... maybe we can see US$3,000 a tonne (on the LME)."
China's anti-pollution drive is not yet curbing aluminium output and prices may be too high, analysts at Commerzbank said. "In the short term the global aluminium market should remain well supplied," they said.
Cash aluminium on the LME has flipped to a premium against the three-month contract, from a US$35 discount in mid-March, suggesting there is less quickly deliverable metal available.
Tight supply pushed LME tin above US$30,000 a tonne for the first time since 2011, with prices up 1.1% at US$30,015.
Copper was up 1.4% at US$10,085.50 a tonne, zinc was 0.3% higher at US$2,940.50, nickel was flat at US$17,900 and lead gained 1.7% to US$2,212.
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....
aiyooo
174 posts
Posted by aiyooo > 2021-05-05 15:27 | Report Abuse
hiaptek lets huat la banker gogogo aiyooo hahaha