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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Fri, 26 Nov 2021, 12:47 PM

 

No reason to dump Hiap Teck - Koon Yew Yin

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Yesterday Hiap Teck dropped from 65 sen to close at 57 sen, a drop of 8 sen. The total volume traded was 136 million shares. I have not seen any stock traded with such a big volume before. I cannot find reasons why Hiap Teck should plunge 8 sen yesterday as shown on the price chart below.

 

Hiap Teck has 35% share of Eastern Steel Sdn Bhd (ESSB) and the controlling shareholder is Beijing Jianlong Heavy Industry Group Co., Ltd. which is one of the largest steel producers in China. ESSB can produce steel cheaper in Malaysia than in China and USA because our electricity is much cheaper.

Despite the recent steel price correction, steel price in Malaysia is much cheaper than that in China and in USA as you can see the 3 price charts below for comparison.

 

 

 

Iron ore price in Malaysia is Rm 5,200 or US$ 124 per metric ton. Iron ore price in China was US$ 220 per metric ton before the recent crash. Iron ore price is US$222 per metric ton in USA.

I cannot find reasons why Hiap Teck should plunge 8 sen yesterday.

 

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Labels: HIAPTEK

Related Stocks

Chart Stock Name Last Change Volume 
HIAPTEK 0.49 -0.025 (4.85%) 15,248,000 

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vcinvestor "You should buy this share"
"This share is so undervalued"
"Don't worry about the dip, keep buying this share"
"Its illogical that the share price is dropping, I will buy some more"
"This is a good opportunity to increase your stake at this price"
"Actually I sold this share last week. You should make your own decision with shares"

Same formula by the old man, just rinse and repeat with a new counter
28/10/2021 10:40 AM
stockfreak The only reason to sell: when KYY talks about it.
28/10/2021 3:07 PM
JeevS why u wasting time promoting your false thinking? grow up la uncle... maybe ask ur grandson to invest in your stock picks
28/10/2021 4:06 PM
JeevS "No reason to dump Hiap Teck because me and the sharks havent fully sold off our shares yet!" - KYY
28/10/2021 4:18 PM
Stock Kingdom Hello KYY, you have never seen?

Welcome back to Malaysia & you must have missed the show directed by Karim on "Serba WonderShow"
28/10/2021 4:56 PM
Russel vcinvestor "You should buy this share"
"This share is so undervalued"
"Don't worry about the dip, keep buying this share"
"Its illogical that the share price is dropping, I will buy some more"
"This is a good opportunity to increase your stake at this price"
"Actually I sold this share last week. You should make your own decision with shares"

Same formula by the old man, just rinse and repeat with a new counter
____________________________________________________________________

Fully Agreed, exactly the same ploy
28/10/2021 5:07 PM
Stock Kingdom disgusting
28/10/2021 5:08 PM
mita29 lololololol
28/10/2021 5:50 PM
Nkk1370 Dun understand all this logic
28/10/2021 7:40 PM
s3phiroth u dont touch whatever kyy heavily promoted because he will eventually bring u to amsterdam. It is not an accusation but proven facts.
28/10/2021 7:55 PM
Yu_and_Mee I say: No reason to believe you, KYY. From glove counters experience, you demonstrated that you are a non-ethical person. Though you did charity but you hurt retailers who follow your calls. You can deny but that's the fact.
Today say supermx good, then suddenly say supermx overvalued, then say topglov good, then no good, comfort good, then expensive, then ruberex then expensive.
I'm sorry to say this. Maybe you don't see anything wrong but from outsider, i see you are a bad person.
28/10/2021 8:06 PM
Yu_and_Mee NO reason to DUMP?
I say NO reason to PUMP.
28/10/2021 8:08 PM
qqq3333 the reason for the plunge from 68 to now is trend reversal of steel prices ..................

https://www.theedgemarkets.com/article/chinese-steel-futures-track-raw-materials-lower-coking-coal-and-coke-hit-daily-limit-down


bet against China, all die. Just a few days ago, speculators ( and KYY/OTB) jump into steel/ Hiap tek, all die, just a few days ago, the story is black outs, no coal, coal / steel prices shoot up....now the reverse. What happening? In America, they say market is king, market first, in China its people first, its what is good for the people, the CCP will find a solution.
28/10/2021 8:08 PM
qqq3333 steel trend over...back to reality of being over built every where.

not just steel...

iron, coal, steel, aluminum, petrol, bitcoin, agriculture rally over.

brace for recession/ stagflation.

recession/ stagflation stocks best.


steel? China will face a short term slow down in property developments for a more sustainable common prosperity.
28/10/2021 8:09 PM
whpang Totally agree, just don't listen.
28/10/2021 8:17 PM
winnerz Okay, Koon gor. We trust you.
28/10/2021 8:38 PM
qqq3333 not true to say that malaysia steel cheaper than China steel.....

furthermore, Malaysia capacity not 1% of China capacity, like mosquito vs elephant.

but wild fluctuations in raw materials and product prices means P/L fluctuates wildly too...all depends on cut offs and timing.
28/10/2021 8:40 PM
Want2MakeMoney He is showing a chart of price in July which was much higher against a price now that is much lower , misleading
28/10/2021 9:28 PM
bsinvestor run lah..
28/10/2021 9:32 PM
bsinvestor same like glove, at the beginning said don't sell.
28/10/2021 9:32 PM
winston1 Now he will slowly wait for the opportunity to sell and run
28/10/2021 9:36 PM
sense maker How many articles Kyy wanna write to promote one stock? what a pathetic manipulator! just sell all your assets and buy more hiap teck lah since you say it will reach RM1.16.
28/10/2021 9:54 PM
Benhobenhobenho Of course sometimes kyy do give some right analysis but many a times, he's totally out. He must have bought a lot of hiapteck shares to promote so aggressively to others.
28/10/2021 10:04 PM
Benhobenhobenho Can we trust such a person who had already a personal interest in the stock he promote.
28/10/2021 10:07 PM
Benhobenhobenho He used to promote supermax aggressively but quietly sold all his holdings when the stock started to crash. After the crash n having sold all his holdings quietly, he started to write negative remarks of supermax. Can we trust such a man??
28/10/2021 10:11 PM
EarnAmeal He will get his karma soon, keep repeating his tactics.
28/10/2021 10:17 PM
s3phiroth let's not forget how he promoted AT but sold everything a few days later.
28/10/2021 11:08 PM
EatCoconutCanWin RSS for sure.. very soon
28/10/2021 11:12 PM
Legend ini old fox jangan percaya...kuat tipu newbie.
28/10/2021 11:14 PM
gohkimhock Just imagine how many anchovies have been eaten alive by him..
28/10/2021 11:23 PM
peterparker69 Post removed. Why?
28/10/2021 11:37 PM
qwerty8888 Chinese gods have “choi san”=wealth god and “shui san”=bad luck god….

Currently, it is karma hit kyy……… u guys know what to do when a person have such god follow him. Do the opposite !!!!!!
28/10/2021 11:44 PM
Tiger62 quickly sell sell sell, don't wait a single minute
29/10/2021 7:37 AM
KingKong_Doll if I can short sell this stk ah, i kasi sell all the way. Kasi pecah itu balang....hehe.....sure make money.
29/10/2021 8:56 AM
Junichiro I looked into the chart from Elliott Wave lens.

Hiap Teik has already its 5 wave uptrend that started in 2020. The last wave 5, with all its overlaps, is an ending diagonal. An ending diagonal means "the train is returning to its station". The top of the last wave 5 is not able to go past the last wave 3 high, indicating a failed wave 5.
The ensuing correction is bound to be deep.
29/10/2021 10:17 AM
gogogolee i sold at 0.635
29/10/2021 5:07 PM
sensonic VERY GOOD BUDGET, MARKET EXPECTED TO GO UP ON MONDAY .
29/10/2021 11:02 PM
ahbah Coming Monday, mkt on BULL RUN !!!!!
29/10/2021 11:04 PM
DreamEmperor yah gah
30/10/2021 1:53 AM
DreamEmperor sure boh
30/10/2021 1:53 AM
DreamEmperor how you know leh
30/10/2021 1:54 AM
Colgate Con new newbies for profits? Got endless newbies???
30/10/2021 5:50 AM
rogers123 Uncle Con... How is my hiapteck. Keep falling......
02/11/2021 8:34 AM
rogers123 Will u tell us later u sell all?
02/11/2021 8:34 AM
rogers123 ahbah Coming Monday, mkt on BULL RUN !!!!!
29/10/2021 11:04 PM <--- Hahaha -30+ is considered BULL RUN?
02/11/2021 8:36 AM
Kelvin Ong Inflation getting higher...go buy gold stocks.
02/11/2021 8:39 AM
moneySIFU I have a friend in Sabah who just started to venture into steel business making roof & all kinds of steel products using cold coils & sheets.

He tried to ask around quotations from west Malaysia producers and the lowest quote he got was RM8000+ per ton (coils).

You know what? He managed to import 3 tonnes from China using container & forwarding agent for custom clearance. With all costs, he received the items in Lahad Datu with average price of RM5000+ per tonnes.

So the reality?
12/11/2021 11:07 PM
TryMakeGoodBuy wonder what happened to KYY??
No write at all!!!

Did he pump and dump?
13/11/2021 12:54 AM


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