Considering its Friday today closing at 37c is very good. I'm not in a losing position also never buy more didn't hit my target. Like I said open low close higher (this is a good sign )
The QR announced was merely an Unaudited Accounts. Normally, the management would consult the opinion of the external auditor before making a formal announcement QR to the public. Next 2 months is a the crucial period for Hiaptek before publishing Annual Report 2017. Better pray the QR has been 'approved' by the auditor before it was released yesterday. We are not sure why impairment (RM 392 million loan to JV ) is not fully reflected in the final quarter since the Eastern Steel operation was halt more than one year. If nothing happen after releasing AR 2017 then we can enjoy the party for next 10 months....waiting HaipTek management to work with new partner to restart production of Eastern Steel... lolz
cut loss. same i said at sendai. rather put my money is safer place. all those debts, impairment, jv losses are risks which hard to assess, unless you hve insider news. good luck to you all
Many will try to buy on weakness this morning. It still below 37. With further coming Qr, I think it's more negative than positive. Better for the clearance only to enter for safety.
1) Overconfidence. I did not pay attention to the fact that LTH had been selling Hiaptek shares for the whole month of September and practically trimmed off 25% of its shareholdings in the company. Obviously LTH knows what the normal retailers do not know.
2) Over reliance on so called experts with their opinion and recommendations. That's my own fault and I take full responsibility for trusting them blindly.
4) The impairments thingy of its China's subsidiary had already reflected in the earlier accounts and I was careless and rackless to continue investing in this company. account
Get back your remaining capital and put this good money in a good company. There are so many good companies in KLSE with good integrity management. So why stick to a proven bad investment?
such a shocking result just like fibon! sudden death. i think such a huge impairment loss simply means the company is kosong now. no cash to pay debt too.
this stock if you study properly the upside is way more than the downside. providing the 300+ mil is a full loss. what will the price be. at the worst case scenario 30-32cents. if next quarter another 100-200m impairment. thats it. the downside is maximum 30cents. then how is it high risk. the profit margin of the core business is building momentum.
do u know what is high risk ah. its when u buy a stock at premium price 20-50% more expensive than the intrinsic value. when the profit is unexpected it dives down.
steel stock not easy to play la...the recent steel price increase doesnt mean MORE money for local steel company la...House sales is stagnant and projects are slow...how to sell more steel ..expensive some more...stay away la..i manage to buy a bit at 0.35..but then only for short term goreng purpose la...
those who not yet in and still stay sidelines..and keep worrying the uncertainties. then you may just ignore it and choose other counters to invest... while those already onboard..my advice.. keep it and be patient.. before end of this year ..surpassing 0.50..very easily..
For me, GP margin too little, give little safety in allowance for errors & uncertainties and the value written down on amount due from jointly controlled entity were too huge & unexpected, PLUS too little/brife explanation given by management.
There were many good companies out there, why must stick to this kind of company run by lousy management?
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....
Professor_Trump
392 posts
Posted by Professor_Trump > 2017-09-29 16:55 | Report Abuse
谢谢,您也一样!有缘再见!