After all these valuable insights from the expert, if you are not onboard don't say Bo Chio ha
Economic dictates that when demand is greater that supply, prices will go up supply low demand stay prices go up whereas we are having demand at all time high and supply is being restricted it becomes a beautiful scenario for the prices to shot up
On top of that HT is having the state of the oven which will save even more and to me its the perfect storm
Hiaptek is the best growth steel stock with 35% shares in Eastern Steel Sdn. Bhd as such:
1)Best cost saving: A)Own a 55MW power plant that saves millions RM in electricity bill. One of the highest costs in producing iron ore to steel product is the electricity bill. B)One stop steel maker from iron ore to steel product that save the time, electricity bill, labours that result in much higher efficiency. Benefit in low iron ore price and flexibility in using lower price import iron ore or local iron ore.
2) Import steel product is the wise alternative for China. Eastern steel has huge advantages in finding its export to China. China electricity shortage that caused by coming cooler temperature, boom in export business, etc. China steel industry consumes a lot of electricity and its high carbon emission against greenhouse gas emissions is forced to reduce steel production. https://tradingeconomics.com/china/exports https://tradingeconomics.com/china/imports/malaysia/iron-steel
3) Agressive in expansion: Following the completion of 100,000 tonnes of its planned 400,000-tonne coke oven plant in June, the group said its JV entity’s(Eastern Steel) second 100,000 tonnes will be completed in October, with the next 200,000 tonnes targeted for completion by the second quarter of 2022.
4)Sustainable in high steel products price due to China determination in greenhouse gas emission.
Eastern Steel will increase the capacity from 750 thousand MT to 3.0 million MT per year. This increase in capacity is approved by the major shareholders from China. Thank you.
Look at a few thousand years China history, there were heroes and there were traitors too. Time will tell who is the hero and who is the traitor. No point argue. No one point a gun to force anyone here to buy. Thank you.
OTB first promoted this stock when it was around 50 sen a few months back, KYY was then yelling sell. For some reasons KYY changed his mind later and start to join the fun to promote Hiaptex. Of course nothing wrong with that. Since then both of them are actively recommending Hiaptek , I am wondering why it is still not moving despite reporting good result during MCO. The question is , is there something wrong with the company that we do not know of ? what catalyst does it need to move up. Perhaps we need to wait for the next qtr result.
Steve Job is more important to Apple than Miss Yeo Bee Hwan to Hiaptek, Steve Job left Apple a long time ago, Apple still perform very well. I do not know who is Miss Yeo Bee Hwan, if she gets a better job in IOI Corp or other corporation, then there is nothing wrong in Hiaptek. Anyone can leave for a better job. Thank you.
US CRASH can buy cheap ? Beautiful dream ! US Crash means nuclear war break out with China ,World WAR 3 ! Nearly 85 % of world population died off ! All the present infrastructure totally damaged, no more processed clean drinking water, no electricity supply, very little food left . Thus human being life reverse back to stone age ! How and where to live ?
US government already injected tons of money to the market expecting to revive the economy growth is directly showing that it' trying hard to find way to settle the problem !
US market may go for mild correction and stay stagnant for sometimes before the next bull kick in !!!! 05/10/2021 1:50 PM
Annjoo and AYS are performing very well today, hope Hiaptek can catch up in the next few days. Market rumour a few funds are pressing down the share price of Hiaptek. Hope Hiaptek does not disappoint us in the next few days. Thank you.
The present chart pattern of Hiaptek will form a Cup And Handle Chart. Please note that Parabolic SAR buy signal (Green ball) has appeared 4 days ago. The pivot line of this Cup And Handle Chart is at 0.615. The share price has to clear 0.595 first, then the 0.615 major resistance line. Once the 0.615 major resistance line is overcome, the Cup And Handle Chart is formed. The slogan for a Cup And Handle Chart is "the sky is the limit".
I still have high hope on Hiaptek, I hope this stock will not disappoint me. Thank you.
Mr OTB, you said "The share price has to clear 0.595 first, then the 0.615 major resistance line. Once the 0.615 major resistance line is overcome, the Cup And Handle Chart is formed. The slogan for a Cup And Handle Chart is "the sky is the limit".
I am not an expert in charts. Here is the question, If the counter move above 61.5 sen and then stay around 62 - 63 sens for a few days, there is still a possibility that the share price can then move back to 50 - 55 sen. Meaning your "the sky is the limit" may never happen even if cup and handle is formed?? Is such a scenario possible?? Thank you
There is no sure win in stock market. Likewise, the trend of technical chart is also the same. It serves as a guide only. Once there is a price and volume breakout, the probability for the share price to go up higher is always there.
Tqvm OTB. You have provided us withsolid facts and figures for our investment decision. You information is very valuable and good. Hope I can subscribe your membership.
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....
NoviceJ
45 posts
Posted by NoviceJ > 2021-10-04 11:54 | Report Abuse
After all these valuable insights from the expert, if you are not onboard don't say Bo Chio ha
Economic dictates that when demand is greater that supply, prices will go up
supply low demand stay prices go up
whereas we are having demand at all time high and supply is being restricted
it becomes a beautiful scenario for the prices to shot up
On top of that HT is having the state of the oven which will save even more and to me its the perfect storm