After lock down remove.. all construction/manufacturing work resume.. all demand come sekaligus.. china no steel to export.. then local steel price pikaboom..
michaelwong China have released its national industrial commodity reserved to curb the hike in zinc , aluminium and copper . Since then , the price of copper has dropped by 10% . This would however keep commodity prices at bay and subsequently aluminium price will be significantly affected as well in the near term . For alcom share price it has been falling drastically even when l bought just quite recently of RM 1.09 not too mentioned those that l bought many donkey yrs behind of 1.50 above
In terms of performance, as of July 15th, a total of 29 listed companies in the steel sector have issued performance forecasts for the first half of the year. The net profit of 16 companies including Fushun Special Steel, Sangang Minguang, Xingang, and Liugang will increase year-on-year Over 100%, Baotou Iron & Steel Co., Ltd. is expected to achieve a net profit of about 2 to 2.8 billion yuan attributable to the parent in the first half of the year, a year-on-year increase of 2281% to 3233%, the largest increase.
Recently, many places have issued policies to limit steel production in the second half of the year, and the prices of superimposed raw materials have peaked and fallen, and steel prices have rebounded significantly after hitting the bottom.
In this regard, the CITIC Construction Investment Research reported that production restrictions in various regions have resumed. Baowu steel mills and Anhui, Jiangsu, Gansu and other regions have conducted relevant conferences to decentralize indicators, requiring production not to be higher than 2020. Considering that all steel companies have increased production in the first half of the year, the annual output not higher than 2020 will lead to a reduction in production in the second half of the year. The current production restriction is more about gradually decentralizing the indicators to the enterprise, without making too many regulations on the pace of completion. If strictly implemented, the supply side will face a relatively large contraction.
Only time can tell who is right and who is wrong. MCO is affecting the movement of everybody and listed companies. That is why I have cashed out of the stock market. Covid 19 cases in Malaysia is still surging. Many experts predicted that the pandemic will not be fully under control for at least 1 or more years. As a result, almost all the listed companies will not be able to report increased profit in the next few quarters. Some of them will report losses.
As an investor, I want to make sure my decision to cash out from the stock is right or buy back shares which are on cheap sale. I just rang Leon Fuat tel 03-33753333, Hiap Teck tel 03-33778888 and Choo Bee tel 03-32918822 and I found out that all these companies are close for business. As a result, all these companies will report reduced profit in the next few quarters. I will not be surprised if some steel companies report losses. Whether you buy or sell does not affect my pocket because I have sold all my shares. Good luck to all my critics for keep buying shares. Koon Yew Yin
I received many emails and whatsapp that "I am helping Mr K to push shares". I want to tell you that the above statement is not true. It is a faked and falsed assumption you have all the time ... I repeat ...
Mr K tells me to recommend LeonFB and help him to spread the news on LeonFB to all my subscribers. I recommend LeonFB is not due to Mr K, I recommend LeonFB because the fundamental of LeonFB is very good.
Mr K behind my back is selling LeonFB while I am promoting all steel stocks. I do not mind he sells LeonFB quietly, I am very disappointed with him after he sold LeonFB, he talked bad about LeonFB and all steel stocks.
He knows that I am promoting all steel stocks, he condemns all steel stocks now to attack me.
Due to his ego, he had lost a lot of money.
If he had listened to me on the following stocks, he would have saved a lot of money. Jaks > 200 million. Dayang > 100 million + profit > 100 million. I told him to take profit on Dayang around 3.00, he attacked me back instead due to his ego problem.
I promote all steel stocks, He attacked me indirectly to show the world he is better than me. It is his ego problem. Unfortunately he lost to me all the times.
Time will tell who is better ?
I have brokeaway from him long time ago and I will run far ... far ... away from this man.
You can cheat some people some of the time, You can cheat all the people some of the time, You cannot cheat all the people all the time. Quoted from John F. Kennedy.
Please do not think that I am related to this man again. I have brokeaway from this man long time ago and I will run far ... far ... away from this man ... I repeat ...
I am a honest person, I am a small fry in the stock market. I cannot and I do not have money to push up the share price. I buy and hold stocks for 3 months to a year to win big.
Please clear your doubt on me and help me to spread this news to the outside world to clear my good name.
Quote !! I received many emails and whatsapp that "I am helping Mr K to push shares". I want to tell you that the above statement is not true. It is a faked and falsed assumption you have all the time ... I repeat ... Unquote !!
Office work from home lah, but factory in Ipoh and Terrengganu are allowed to operate at 60% capacity. Those regular customers will know who to call esp those importers. Obviously, KYY is not their client.
Haha, KYY already mad d, simply call to the non operation office who is working at home. His lousy intention is too create panic to the newbies investor for panic sell, so could buy lower low to make back the past huge loss of few hundred $M.
I just rang Leon Fuat tel 03-33753333, Hiap Teck tel 03-33778888 and Choo Bee tel 03-32918822 and I found out that all these companies are close for business. As a result, all these companies will report reduced profit in the next few quarters. I will not be surprised if some steel companies report losses. Whether you buy or sell does not affect my pocket because I have sold all my shares. Good luck to all my critics for keep buying shares. Koon Yew Yin
Time will tell the truth. OTB recommendation is highly reliable ! The minor bad impact on Selangor manufacture plants and business will be offset by huge profit from Eastern Steel Kemaman , Trengganu since 80% of the product is meant for export to China.
When compare to other steel counters ,Hiaptek stands at advantage position because of the join venture partnership Eastern Steel exports her products to the only country with GDP growth in the world ----China. Furthermore ,China , the most powerful customer still demand a lot of steel for Belt and Road construction. And this is the most important issue that Mr.Koon Yew Yin left out when he predicts the future growth and coming quarterly financial report of Hiaptek. Buy or sell is your decision .
OTB vs KYY, let see who is right this time. Time will tell.
-------------------------------------------------
I have a few clients to monitor Hiaptek factories in Klang and Terengganu. How many lorries or containers are there ? Are the factories operating and etc ? I was told all workers are vaccinated and the factories located in Klang and Terengganu are operating now (approval from Miti).
KYY, You are not a Super Investor anymore because you are a big liar. Nobody believes you anymore. You are not a trustworthy, dishonest, immoral, and unethical investor. That is why no one trusted you anymore.
I enjoy reading KYY and even Calvins input. Pls don’t call names.. in the end, whether you believe or not it is up to you. If you are interested to invest, explore and do more researches. There are many information on the net for you to recheck. I hope this name calling be stopped. Don’t be a online critics or bad mouth-ers. Let us be civil and polite. Calling names only reflect on your upbringing and character. Yes, I did followed KKY in Dayang n Tiara and still holding losses up today .. did I have a grudge against him… No.. I just tell myself to be more carefully.. lessons of life.
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....
OTB
11,526 posts
Posted by OTB > 2021-07-13 13:54 |
Post removed.Why?