When Kyy wrote articles declaring Hiaptek is good, after Hiaptek results out... better runnnnn faster than Japanese bullet train. Good luck to you all who hug Hiaptek like a big bear, because Bear is not a good animal in stock market.
Yup, don't trust that KYY old wolf, i'm previously buy when he making buy call, end up stuck and the next several days posting article saying he sold, the most irritating reasons was he keep on promote strongly and the next day can 360 degree turn against it...i'm not blaming him, he don't point a gun on my head to buy, it just a lesson learned...hahahaha...wakakakakaka...huhuhuhu...kikikiki
Hiaptek 2021 net profit (Excluded Eastern Steel and impairment reversal) = RM87.51 Million
In FY ended 31/07/2021, Eastern Steel (ESSB) reported an impairment reversal of RM66.15Million. Excluded the impairment reversal, annual core profit of ESSB is RM151 Million. Hiaptek 35% portion of profit = RM52.85 Million
Hiaptek 2021 net profit (Included ESSB and Excluded impairment reversal) = RM87.51 Million + RM52.85 Million = RM140.36 Million
Hiaptek has 1626.6 Million share EPS = 8.63 cent
For FY2022, I forecast conservative 20% profit increase, ESSB 2022 core profit will be RM181.2 Million. Hiaptek 35% portion of profit will be RM63.42 Million For FY2022, ESSB probably will also report another impairment reversal of RM50 Million (not considered in above profit calculation)
I forecast Hiaptek 2022 net profit (Excluded ESSB) = RM40 Million x 4 = RM160 Million Hiaptek 2022 net profit (Included ESSB) = RM160 Million + RM63.42 Million = RM286.84 Million EPS = 17.63 cent
On 31/07/2017, ESSB reported impairment loss of RM266.15 Million. On 31/12/2019, ESSB reported impairment reversal of RM50 Million. On 31/07/2020, ESSB reported impairment reversal of RM50 Million. On 31/07/2021, ESSB reported impairment reversal of RM66.15 Million.
I forecast that ESSB will report impairment reversal of RM50 Million on 31/07/2022 and another RM50 Million on 31/07/2023.
Alternatively, if Hiaptek want more explosive profit, then ESSB will report impairment reversal of total RM100 Million on 31/07/2022.
Trum says buy for short term only. Play play only. Don’t be too serious about Hiaptek. Hiaptek can go up and down. Don’t be too obsessed about Hiaptek. I can take profits, I will take profits. Every day got opportunity in Bursa. Don’t fall in love with this stock.
Posted by abcb > Oct 1, 2021 2:36 PM | Report Abuse
Why keep dropping, i am staying at 63th floor Uncle KYY said before it would definitely touch to RM1.00 after the quartely report
Do not trust me. Trust yourself, else you could not hold.
I ask myself, if I am right, why the price keep dropping???
The big boss TSLaw has 75,032,819 RCUIDS (Bond) at RM0.50 each and expired on 23/06/2021. TSLaw can request redemption but he choose to convert the bond to shares instead.
The big boss TSLaw has 75,032,819 warrant which expired on 23/06/2021. TSLaw choose to fork out RM37.52 Million to convert the warrants to shares instead.
I believe not many people here forked out RM37.52 Million to buy Hiaptek (maybe except KYY and OTB)
On the first day of CTOS listed in Bursa Malaysia, I entered at RM1.61. For a very long time, CTOS stayed at RM1.50. Everyone can enter cheaper compared to me. I am of course very frustrated. But I persist until today.
I myself won't sell Hiaptek because I am waiting for good news and for the share price to shoot up. But for others, I think they can wait first :)
Steel prices is high, who is willing to buy lo, covid period, no development, no buyer for construction finishing good. You think la, who want to buy roti canai for rm10 a piece. Better buy alternate nasik lemak rm1. Correct?
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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....
EatCoconutCanWin
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Posted by EatCoconutCanWin > 2021-10-01 10:07 | Report Abuse
A lot factory close down in china, do you think china still want to buy steel?