Iron ore and steel climbed to records as Chinese investors unleashed fresh demand following a three-day holiday.
Benchmark spot iron ore prices topped $US200 ($257) a tonne for the first time ever, while futures in Singapore and China climbed. Steel demand is surging as economies chart a path back to growth just as the world’s biggest miners have been hampered by operational issues, tightening ore supply.
leeashraf warrant support is 12 sen & resistance 13.5 sen.If breaks support,it will search for next support which is 10.5 sen.If breaks resistance at 13.5 sen,it will test next resistance which is 15 sen. Or it will become sideways,keep dancing between 12sen & 12.5sen.Anything is possible.Let's just watch d show this monday.
. hehhehehe... maybe JOY wanna collect warrant all low.... if he promoting... he cant get... he is opening his mouth at 0.120 and lower for everyone to sell cheap.. later someone else surge it up when the mother up higher..
Stock market is war.To fight in war,u must have weapon.Stocktraders weapon is a proper trading plan.U can't go into war if u don't have weapon,man...U'll get slaughtered...
Reminder warrant will expire next month ... normally mother will plunge when near to expire date. Asiaply is a good example .. plunge from 0.5 to 0.28 when warrant A expire last December
Operator dare not press down the price just to hinder cheaper accumulation via son when other steel counters hyperbullish riding towards RM1... If down, sure big funds collecting mother not son...
What if the mother rally up?
The son will follow the mother price.. and its prospect..
If the mother is heading and staying above RM1 and the son conversion is just RM0.50.. Big Sharks will sure buy... because instead of buying RM1 mother, the cost to acquire mother cheaper is via the son.. Say the son is just RM0.120. The total cost needed is just RM0.50 + RM0.120 = RM0.720..
RM1 - 0.720 = RM0.280 profit per share... that is alot!!!!
if one got 1000lot at cost of RM72k, with 0.280 profit/share is equivalent to a nett profit of RM28k .. a 38%+ gain
We yet to see the equilibrium of the mother vs son market forces..
Anyway TAYOR..
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Aaron_tan Reminder warrant will expire next month ... normally mother will plunge when near to expire date. Asiaply is a good example .. plunge from 0.5 to 0.28 when warrant A expire last December 08/05/2021 1:40 PM 08/05/2021 2:28 PM
Kalau hiapteck slow2 up,blh pi rm1 sblm wb expired.Lps wb expired,lg le kaunter ni jd lebih ringan.Lg senang jerung nk push up.Entah2 blh pi ATH.Entah2 blh challenge dataprp tu...hehehe...jgn marah ye superlimit 888...Gurau jer...wakakakaka...
hiaptek is the careplus of the glove version. if the fair value of the hiaptek 50-70cen, surely price will spike higher than that first only then it will retrace to its real value.
5may, 277000 convert of hiaptek loan stock at RM 0.50 cost. i wonder..... their cost is RM 0.50 overall or LA stock plua convertion price RM 0.50 + 0.50equal to RM1 ?? ?
teofrank i suggest u sell la u'r LA.Buy je mother share/warrant.U have to do research BEFORE u buy not after u buy.Pening kepala aku baca psl LA.Ada kuponlah,x blh redeemlah apa semua...So complicated la...
Tata Steel Stock Hits New Record High As Brokerages Raise Price Targets Nickey Mirchandani @onlynickey May 07 2021, 1:22 PM IST
Shares of Tata Steel Ltd. hit a fresh lifetime after analysts raised their FY22 earnings estimates and target prices, citing a rally in steel prices amid supply crunch and decarbonisation efforts in China.
The increase for steel is due to increased demand globally and reduced supply from China. The increase in raw material sure can be transferred to end user. Hiapteck is also well positioned to enter China market due to it holding in Eastern Steel.
obviously the management have seen the cost their inventory will going up earlier, they should hv bought as many as they could when it was still cheaper. they have been in the business for years. this is the year of hiaptek!
The iron ore sector “is very, very hot,” Vivek Dhar, commodities analyst at Commonwealth Bank of Australia, said in Bloomberg Television interview. “Supply is still not able to meet that strong demand.”
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....
DreamHunter
10,922 posts
Posted by DreamHunter > 2021-05-08 02:22 | Report Abuse
ha ha ha