Good news........EMCO in Selangor and KL lifted. There will be more relaxations as government realises that lockdowns cannot solve the problems effectively. The new strategy is to speed up vaccinations. More industries will be allowed to operate from now on.
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 . 16/07/2021 5:07 PM
OTB this morning post latest steel articles ( related to Hiaptek), most likely Mr. K will buy back key steel stocks next week liau, nothing to loss mah, eg,what if Hiaptek appreciates to 80c by end August, with his super investor skills, least paper profit $30M~$50M lah wet wet water. Later after MCO lifted super investor will promote steel again, it is normal lah in business world. [If we as the ikan bilis are not happy his super investor skills, we bang wall loh]
I follow sifu OTB. Bought at 48.5 cents, 49 cents and 50.5 cents. Hope to add more tomorrow and keep till target reached. If win, is due to OTB's good advice. If lose, is my bad luck
Buy call on steel counters will be the best call for this and next year. Now is the best time to buy after recent selldown by big short term speculators.
this counter only priced between 20-30 cents pre-covid era.. and post vaccine recovery theme already up from 20 cents to 52 cents.. what more you want?..next year up some more??..huhu.. If u believe post covid recovery theme..better buy lots of construction company right now at rock bottom price.. price sure fly 2-3x in 2022.
Vietnam imposed high export tax and lower import tax for steel products. It means the demand of steel products in Vietnam is very high.
China is cutting production of steel products by 30% in the second half of 2021. The reduction of electricity supply to certain province to reduce production of steel products.
All facts are written on the wall pointing to high steel price scenario. All these information confirmed that the steel price will go up north in the next 12 months.
Hiaptek The current capacity of the blast furnace plant is 700 thousand tonnes of billets/slab, in FY 2022 the capacity is increased to 1.5 million tonnes.
The selling price of steel is already up 100% since the end of last year.
Assuming the selling price is about the same or slightly increase as 2021, PAT will be high for Hiaptek in FY 2022.
I like Hiaptek because there is a 100% expansion in capacity in the blast furnace plant for FY 2022.
I am curious, why today's Choo Bee & Ann Joo increase % higher than Hiap Tek who has better latest quarter result compared to previous 2 companies? Also in term of price per unit Hiap Tek is much lower just cents level, which i think supposing is more attractive to short term traders?
@joyd..u kena burned by steel counters ka? Everyday shout die but don't say who die. The steel counters die, or the people invested there die or the people that did not invest there die?
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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....
joyd12345
159 posts
Posted by joyd12345 > 2021-07-17 10:43 |
Post removed.Why?