HiapTeck is now hampered by poor economy in the region. And iron ore has dived I.e. it will suffer in revenue when it can't sell its iron ore profitably.
Aiyoh scold lar everybody but the hiap teck drop so much …must be a major investor exit…i dont know which Big Shark Sell but i will wait for dji and fomc meeting Takut
the dow market might have some downward correction, they might unwind it slowly and gradually , not those sudden ,2 or 3per cent drop , trust biden admin,
soon qr will be out, its going to be good or mos likeli extraordinary, the surge in prices will happen, sell after that, that should be a good strategy
Please do your homework first before you follow me. I recommend good TA and strong FA stocks only. I buy this stock to keep it longer term. The movement of the share price is slow. The downside risk is very limited. Thank you.
Yes VincentTang, steel price is dropping and will continue to be so because iron ore is gonna be dirt cheap. All competitors to HiapTeck will be buying iron ore at a super low price iron ore and churn out steel to sell at lower price. Competition will be there so prices (revenue) will drop. China is reducing steel production by restricting steel exports, i.e. China will still produce enough steel for all its domestic use (self sufficiency). We will see steel imports into China dropping too.
steel make hiaptekr will have more profit to produce steel with cheaper iron ore, with steel in demand at the moment in china , the world 62 per cent producer, price of steel will go up,high,
every where they wrote about china cut down on steel production has sent steel prices soaring and iron ore prices tumble, hiaptek should benefit most on this, winning big here isnt a dream , ,
This con yy either doesnt have luck bcause of his karma or he is conning everyone by selling while promoting. Luckily this time I didn't fall into the trap.
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 > 2021-09-14 10:31 | Report Abuse
Buy counter 5073 Naim and keep~ got potential