Go up some more Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Go up some more Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Go up some more Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Go up some more Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!! Steel index 《5,745.00》 up 88.00 up1.56% !!!
US infra bill will increase more demand for steel in next few years. i could be fundamental change as once infra stated, it will not stop until the project completed.
1.) Export tariffs for high-purity pig iron will be lifted to 20 per cent from 15 percent, and tariffs for ferrochrome will be increased to 40 per cent from 20 percent effective 1/8/2021.
2.) China will also cancel export tax rebates for 23 steel products, including some cold-rolled coils and silicon steel.
3.) The main purpose of this increase in export tariffs is to lower carbon emission and curtailing production of steel.
The front end process of steel production There are 2 major processes used. 1.) Blast furnace - This is the most dirty process in terms of environment. This process uses a lot of iron ore. 2.) Electric arc furnace - This process is cleaner than blast furnace and it uses scrap metal instead of iron ore.
The final outcome of export tariffs 1.) The Chinese government will shut down more blast furnaces to protect the environment. 2.) Iron ore prices will drop, it means better profit margin for steel stocks. 3.) Steel prices will go up north. 4.) The Chinese steel producers will buy more billets from overseas to support the downstream operations. 5.) All Malaysian steel producers will be able to export more billets to China. Hiaptek, Alliance Steel and Annjoo will benefit the most from this export business.
1.) Able to export billets to China. 2.) Stainless steel pipes are catered for niche markets in oil and gas sectors. 3.) FA is good. 4.) The number of shares issued is big, it is more suitable for foreign funds because of high daily trading volume.
Posted by OTB > Aug 2, 2021 9:02 AM | Report Abuse
I like Hiaptek because of the following reasons.
1.) Able to export billets to China. 2.) Stainless steel pipes are catered for niche markets in oil and gas sectors. 3.) FA is good. 4.) The number of shares issued is big, it is more suitable for foreign funds because of high daily trading volume.
Thank you.
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klse already bearish mode which you already mentioned many times but you still want to continue average down
u think everyone same like u ah? sell buy sell buy hahahah ^^ dont use ur standard compare with us lah , joy12345 sudah kena suspended , the next is U AARON
Many shouted sell on 19/3/2020. I was the one who withdrew FD to buy big in KLSE in 2020. What is the result ? I made the most money in my whole life in 2020.
I did it again to withdraw FD to buy big on Hiaptek and other 4 steel stocks in July 2021. I will like to see the final result in 2021 or until September 2022 which is my target time set.
There is no sure win in the stock market, please decide yourself. I did not force anyone here to buy this stock.
Aaron_tan, Please do not quote me, be a bit gentleman. I do not care whether you invest in this stock or not. I did not force anyone here to buy this stock ... I repeat ...
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....
moneycashrich
2,101 posts
Posted by moneycashrich > 2021-07-30 14:37 | Report Abuse
live live live