The above article is written by me with facts and figures. I invest in this stock as a long term investment. I do not care about short term price fluctuation, I will hold this stock until September 2022 to win big. The downside risk is small and huge upside if foreign funds or local institutional funds are buying. The share price will increase slowly because the paid up capital is big. Thank you.
Local funds are buying Ann Joo. Ann Joo just declared good dividend last week. Ann Joo used to be one of top picks of funds for steel counter many years ago until china dumped all steels.
Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin traded at $150 a tonne, slightly above a 9-month low of $139.5 as sentiment over demand was lifted by news that the latest Covid-19 outbreak in China was under control. Yet, iron ore prices remain more than 30% below a record high of $230 hit in May amid curbs on steel production in China and improved supply outlook. Steel producers in Anhui, Gansu, Fujian, Jiangsu, Jiangxi, Shandong, and Yunnan provinces were told to limit their production to 2020 volumes amid China’s efforts to curb carbon emissions. Meantime, shipment volumes from Australia, the biggest supplier to top steel producer China usually improve in the last quarter.
If industry research house ihsmarkit.com forecasts steel prices to drop sharply in Q3 and Q4 2021, how can share prices of steel companies go up further ?
@mrbusimess. You have a very good question. My answer is that I have no personal opinion on steel prices. I just have no choice but to rely on the experts.
The forecast is not dated but from the sentences, it is clearly issued in first quarter of 2021. Could you please check past steel price in April, May, June, July and August 2021, then tell us whether the forecast is correct or not?
…Steel price forecast for 2021: Steel prices remain elevated, supply chain disruptions delay price declines to the second half of 2021… …Prices will fall later in the second quarter and decline noticeably in the third and fourth quarters… …Steel prices are extreme and should decline from late second quarter through the end of 2021… …Locking now will mean over-paying over the second half of the year… …Prices will start to ease by late in the second quarter and fall over the second half of the year…
@mrbusiness It's not possible for anyone to forecast the timing accurately, but the fact is that industry experts are anticipating a sharp decline in steel prices in the months ahead.
lama tak dengar paktua melalak.. now.. let we hear some good poems..
best friend give me some advice he said.. each days a gift and not a given right and leave stone unturned leave your fear's behind.
he said if today was yours last day, and tomorrow was to late could i said good bye to yesterday that first step your take is the longest stride
he said if today was yours last day, and tomorrow was to late could i said good bye to yesterday would you live each moment like your last donate every dime you had
if today was yours last day and tomorrow was to late against the grain should be way of life what worth the prize is always worth to fight
https://youtu.be/BtlsyifVaMI hiaptek will be in bullet train.. who still wait and late make decision.. will left by train
tut tut what worth the prize is always worth to fight
007007 @mrbusiness It's not possible for anyone to forecast the timing accurately, but the fact is that industry experts are anticipating a sharp decline in steel prices in the months ahead. 01/09/2021 8:49 AM
You behave exactly like that banned joy1234 talking rubbish every moment, those who trusted the potential bull run for metal stocks to have bought stock last month are prepared on the way to laugh to bank. Sadly for you never made money when the golden opportunity is approaching to your foot front .
You made profit already wanted to run is a good choice. Time wait for nobody, share price will move on either up or down. Moreover ,share market investment is a very risky business deal, nobody be able to predict tomorrow market momentum ,so made your targeted money and enjoy your life !
paktua love play in red sea.. here paktua set as long journey..expedition.. so red or green wave no effect at all.. but.. still set as own target.. even not success see this week reach rm0.65 will still set on two week hope can see rm0.65 and end of this month can see rm0.85..
**not buy or pick stock just share own target only
Most steel factories closed down in June. Most steel factories begin to operate on 16/08/2021. I believe all investors considered that already. That is why steel share price start to increase from 16/08/2021.
Previously even lock down also can show outstanding quarter result. Coming no more lock down after mass vaccination, steel companies quarter result will be even better and better, that time you will see all steel stocks breakout and up very fast. Steel companies prospect very good. Buy an hold.
@kfliau, Why you do not read any quarter report of Hiap Teck? Eastern Steel is contributing good profit to Hiap Teck. In fact Hiap Teck previously has written off all investment in Eastern Steel. For now, Eastern Steel is a very good investment for Hiap Teck :)
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....
winwin88888888
330 posts
Posted by winwin88888888 > 2021-08-27 14:49 | Report Abuse
Scare apa~ Later upu upup liao