HIAP TECK VENTURE BHD
KLSE (MYR): HIAPTEK (5072)
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Last Price
0.35
Today's Change
-0.005 (1.41%)
Day's Change
0.345 - 0.36
Trading Volume
6,074,100
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Discussions
16 people like this. Showing 50 of 17,607 comments
HIAPTEK result in actual was boosted by unrealize forex gain RM 145m, which if without these gain will only record small profit only. Take note these unrealize forex gain is till end July which USD is still holding strong above RM 4.70.
Eastern steel currency gain may reverse to loss as USD have tumbling from RM 4.70 to RM 4.12 now
6 days ago
People give you chance to buy, ma buy sikit-sikit lor. ........hehehe.....................
6 days ago
Heng sifu3, last time ESSB reported huge forex translation loss you said RM strengthen will reverse and reported profit back. How come this time RM strengthen will results in forex translation loss? What lar you, confuse3 me like Confucius...
6 days ago
Miniminer sifu, ESSB big sword not come out yet.. once come everybody chase high, diam diam tungugu operator press down for you to buy cheap cheap....
6 days ago
Hiaptek result is almost due to ESSB UNREALISE foreign translation gain RM 147m (remark: these foreign translation gain is due to ESSB trading USD account which is at highest strength against RM during April-July period. As much as 87% of ESSB steel are export oriented, therefore, most of earning are USD denominated, only 17% is local sale in Msia.
https://htgrp.com.my/corporate-presentation/
3 days ago
https://www.thestar.com.my/business/business-news/2024/09/30/soft-steel-prices-a-challenge-for-hiap-teck
HLIB Research said the results had beat its expectations. The showing accounted for 114.5% of the research firm’s estimate, due mainly to a better-than-expected contribution from joint-venture firm Eastern Steel Sdn Bhd (ESSB).
Remark: Extreme bias HLB research to omit ESSB profit is mainly due to UNREALISE foreign translation gain RM 147m, which could reverse in next Q result due to significant weakness in USD currency.
3 days ago
https://www.thestar.com.my/business/business-news/2024/09/30/soft-steel-prices-a-challenge-for-hiap-teck
Additionally, the scheduled completion of ESSB’s hot rolled coil plant – expected by the fourth quarter – will enhance the group’s product offerings in both domestic and export markets.
Remark: HLB research failed to recognized that HRC selling price is at multiyear lowest level, HRC product price is in severe winter
https://htgrp.com.my/wp-content/uploads/2024/09/Analyst-Presentation-4QFY24_31-Jul-2024-Final.pdf
3 days ago
ESSB foreign translation gain RM 147m mean ESSB have big exposure in USD account during April-july period. These translation will become loss as USD exchange rate tumbling after July from RM 4.70 to RM 4.12 now. ESSB export 83% of its product in USD denominated
3 days ago
Horsey sifu, ppl fear and sell leer, warrant3 buffet said buy when ppl fear3mah... I ex most steel company making3 losses, some huge3 losses, but hiaptek still can report a little profit....boleh lar.... If steel collapse may be it is last one to die...
3 days ago
Me ikan bilis only. I also have some steel counters as well..
making a bit of coffee money from them but still huge paper lose in this Hiaptek.
3 days ago
Heng sifu fight Hiaptek when hiaptek reported loss, and ESSB has a huge loss3 in forex translation when RM went down. Sifu ended cut loss... Now the other way round ,.and he see no hope... Dunno he will later chase hiaptek or not3...
3 days ago
Phone and other sifu mentioned before imported steel takes months to sampai. That means the steel sells in market now are all imported when USD IS high. World steel price drop, the importer ken sell 20% cheap meh ?throw price got a limit else will die kiaw kiaw first
2 days ago
Pili+pala pili pala . Ppl looks down hiaptek all kena slap by hiaptek operator kaw kaw
2 days ago
Waa...365 habis telan..
Operator wanna slap me arr dun3 up so fast lar... Ppl dare not chase leh...
2 days ago
China rally. Steel price up, demand up. So less price dumping and plant increase utilisation
2 days ago
total 100 mil profit in last 4 QR ; next QR will be good after steel price increased
2 days ago
Betul, China's Index up, Steels price up. Big time recovering, afer war rebuild.... tksw sifu still want to sell you cheap-cheap price meh? .............hehehe........................
2 days ago
The Chinese market for Steel and raw materials rose strongly on the news. Hope after 8/10/24 China market open can continue bring good news for the steel field….
1 day ago
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Buy ASB stock in bursa better lah.
6 days ago