The paid up capital of Hiaptek is very huge, the share price will not able to move up north fast unless there are funds buying. Retail players have no financial power to push up this stock. It will take time to move up north.
...The construction costs had increased mainly due to higher steel prices following a global supply shortage... -> Rising steel price is the global trend
Yes, backdoor PM will resign on Monday ! So, the new government will bring new hope and new confident to all the local & foreign investors enter into our market !
So, I think started from tommorrow, KLSE will have a big uptrend toward 1,800 to 2,000 pts !
Hiaptek tommorrow will spike to above 0.60 and T.p by end of Aug 2021=> break above 0.80 T.p by end of Dec 2021=> break above RM1.00 T.p by end of Mar 2022=> break above RM1.80 T.p by end of Jun 2022=> break above RM3.00
Superb, almost all the economy is re-open for start business started from tommorrow, Monday, 16-8-2021 ! KLSE really will started booming tommorrow onwards !
China steel export tax expected soon Industry sources report that Chinese steel traders are inserting clauses into new sales contracts stating that buyers will be liable for any future changes in the Chinese export duty. The news reveals that steel traders are fearful that the Chinese government will impose a tax on steel exports. Given China’s ambitious targets for containing peak carbon emissions by 2030, the imposition of export taxes would make sense in conjunction with other measures to curb steel production. Rebates encouraging exports have already been cut. Since China is the world’s largest steel exporter, a tax on Chinese exports would drive up steel prices globally because it would signal that China is significantly reducing its commitment to the global steel industry. Supporting this suspicion, a number of Chinese steel producers have announced intentions to cut production in the second half. In the short term, this would have a major impact on global construction costs. Even without an export tax or supply cuts, the recent disruption to Chinese port operations due to the resurgence of covid suggests that Chinese steel could be in short supply in the second half of 2021.
Relative performance of commodities and commodity producers Steel and aluminium producers soared in the past week for different reasons. Aluminium producers are in favor because the aluminium market is experiencing alarming tightness. The steel market is expecting a reduction in Chinese supply combined with an excess supply of iron ore. The outlook is favorable for margins. Reduced Chinese exports will be a boon for steel producers in the rest of the world.
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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....
Jerichomy
4,346 posts
Posted by Jerichomy > 2021-08-12 11:47 |
Post removed.Why?