After I read Mr Ooi Teck Bee’s latest buy recommendation as shown below, I offer my opinion so that investors can make a better decision to buy or sell.
Ooi Teck Bee’s Recommendation
The final decision to buy is always yours.
Thank you.
Ooi
寧可天下人負我, 休教我負天下人
Back ground of Hiap Teck:
Hiap Teck Venture Bhd is engaged in investment and property holdings, and the provision of management services. Its segment includes Trading, Manufacturing, Property and investment, Transportation, and Mining exploration. The Trading segment involves operating as an importer, exporter and general dealer of steel products, hardware, and building materials. The Manufacturing segment involves in manufacturing, renting and distributing of steel pipes, and other steel products. The Property and Investment segment is engaged in renting out property and investment holding. The Transportation segment includes a provision of transportation of goods by lorries and the mining exploration segment consist of exploring, contracting and activities related to the mining, processing, and sale of iron ore.
How does MCO affect Hiap Teck?
MCO is restricting the movement of everybody. Workers cannot go to work for Hiap Teck. Even if Hiap Teck can produce some steel products, building contractors will not buy Hiap Teck’s products because construction workers cannot go to work.
As a result, Hiap Teck will report reduced profit in the next few quarters until Covid 19 pandemic is fully under control. Many medical experts predicted the Covid 19 pandemic will take at least 1 or more years to fully under control the spread of the virus.
Hiap Teck is just like one of the 10 steel companies namely Leon Fuat, Choo Bee, Mycron, Prestar, L Steel, Melewar, Tashin, Astino and CSC Steel.
Currently Malaysia has a total of 868,000 Covid 19 cases and 6,503 deaths. These 2 figures are still surging as show on the chart below.
Hiap Teck’s price chart above shows that it has been dropping in the last few months and investors might be tempted to buy it at cheap sale. Due to MCO, Hiap Teck will remain cheap for a long time until no more MCO.
First lesson in investing is never buy down trending stock.
I just rang Hiap Teck tel. 03-33778888, Choo Bee tel 0-32918822 and Leon Fuat tel 03-3753333 and I found out that all these 3 steel companies are close for business. You can also ring to verify what I just said.
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7. Market rumour is a record PAT for Q3 2021.
Q3 result ann on 29-June is indeed a record PAT
Ann.Date: Quarter: Revenue: PBT: NP: NP to SH ('000)
29-Jun-2021: 30-Apr-2021: 329,643: 80,161: 65,868: 65,925
So this report must had be written before the Q3 result.
Why KYY stoop to such a low level as using some old report as latest buy recommendation just to hit out at OTB?
My advise to KYY please stop if you still have dignity inside you.
2021-07-16 22:37
Old man lost his marbles? Now out from market but keep hitting out at people. Eat more pineapples and smell the flowers.
2021-07-17 08:47
KYY up to his old trick again. We all know that MCO will be over soon. His objective is to depress the price so that he can collect. when the MCO is over , he will change his tune and aggressively promote Hiap Teck [ saying that since MCO is over his view also change ]and then start to sell when the share move up.
He is now using a 15.6.2021, one month old report by OTB ,I think to talk his case. Not good enough uncle.
To get a better view see the following link by OTB on the latest.
https://klse.i3investor.com/blogs/OoiTeikBee/2021-07-17-story-h1568038457-Hiaptek_Unearthing_the_jewel_of_the_east_Steel_stock.jsp
KYY V OTB. I will update the result in a years time. My bet goes to OTB.
2021-07-17 12:01
I am not a fan of these two but at least Otb really put in a massive effort to justify his recommendation unlike key who just generally expects profits to be lower.
2021-07-17 15:55
market buy on expectation and sell on facts, when it's finally opened. con you win will be trapped at highest while people who entered bottom would already been laughing all the way to bank. getting old n dumb. terrible misleading piece.
2021-07-18 17:09
they sell you buy, they buy you sell. mco good time to buy...........
2021-07-19 09:36
ming
Business too good.. unable pick up ur call
Lol
2021-07-16 22:01