Koon Yew Yin's Blog
Conditions for factories to reopen - Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 22 Jul 2021, 11:04 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
I read this announcement by our Deputy Prime Minister which has stopped all steel companies from operation and making profit. Investors can read my comment at the end of this article.
Deputy Prime Minister Datuk Seri Ismail Sabri Yaakob said quote “All factories must remain close. Maybe one of the conditions for us is to allow factories to reopen when more than 80 per cent of their workers have completed two doses of vaccination, and when we can sell the vaccine directly to these factories and after that, I believe they can be allowed to apply for permission to reopen their factories.
"We believe that even though two doses have been given, the Ministry of Health considers it still not completely safe, but at least two doses along with other conditions such as screening tests every two weeks and so on can help, but the matter is still being discussed," he said.
He said the sale of the vaccine doses directly to interested parties had received the approval of the Covid-19 Vaccine Supply Access Guarantee Special Committee and could further expedite efforts to achieve herd immunity earlier than scheduled.
"States are also interested in buying directly, for example Selangor which has long asked for vaccine to be sold directly to them but this committee has its own programme schedule, and that is why we can't give directly," he said at a press conference today.
My comment
I just I rang Leon Fuat tel. 03-33753333 and Hiap Teck tel. 03-337788888. Both these companies are closed. Last week, I also did the same and found that both these companies were closed. You can ring up to verify what I said. If they are closed for so long, they cannot make profit.
The reason why no one answered my phone calls is because they are closed. Leon Fuat and Hiap Teck will take a long time to comply with all the stipulated conditions as required by the government, especially to buy enough of vaccines to vaccinate at least 80% of all the workers.
If all the steel companies remain close for a longer period they will report losses because they have to paid their permanent staff, interest on bank loans, deprecation of factory equipment etc.
All steel companies have reported increased profit for the last quarter ending March and many investors are tempted to buy them because they look cheap and undervalued. They will remain cheap and undervalued for a long time.
Under these conditions, all the steel companies especially Leon Fuat and Hiap Teck will report reduced profit for the next few quarters. Reduced profit can only depress the share prices further down.
My advice is to cash out ASAP.
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Discussions
1 person likes this. Showing 24 of 24 comments
What's wrong with this Geezer? Why is he talking down all the steel stocks? If you want to get out, fine. Leave others to make their own informed decisions. Savvy investors buy or sell 6 months ahead. Genting Group are also closed. Magnum and BJTOTO are also closed. Is their share prices collapsing? Only rogue traders that play on Margin has a problem in our market today. They cant find suckers to buy to push up the share price.
2021-07-22 11:35
Genting also close mah no need to call why share price no drop can ask every one to exit Genting so that the price drop below RM2 I am waiting to buy cheap.
2021-07-22 13:46
last i checked the dow is up over 750 pts last 2 days while klci has closed above comfortably above 1520
2021-07-22 17:25
even hiapteck has been closing above support of 0.5...sure or not u know how to read chart?
2021-07-22 17:26
you need to call your nurse to help change your adult diaper; you're definitely acting like a big crybaby!
waaaaaah! they're not answering the phone waaaaaaaaaaaaahhhhhhhhh! cry and moan!
don't bother these companies. and stop waste our time with your nonsense.
2021-07-22 22:55
exactly. cash out and shut up.
problem is he's sitting in his own shit, nurse is downstairs, so cannot change his diaper - thats why in a bad mood, making so much noise.
2021-07-22 23:28
Like ALL collapsing/collapsed...the health care system, financial position of businesses/economy, buildings catastrophic/heavy rain/flood), political situation (civil war Afghan),integrity (filthy nurses cucuk the angin),...
HAGGAI -
5 Now this is what the Lord Almighty says: “Give careful thought to your ways. 6 You have planted much, but harvested little. You eat, but never have enough. You drink, but never have your fill. You put on clothes, but are not warm. You earn wages, only to put them in a purse with holes in it.”
7 This is what the Lord Almighty says: “Give careful thought to your ways.
8 Go up into the mountains and bring down timber and build my house, so that I may take pleasure in it and be honored,” says the Lord.
9 “You expected much, but see, it turned out to be little. What you brought home, I blew away. Why?” declares the Lord Almighty. “Because of my house, which remains a ruin, while each of you is busy with your own house.
10 Therefore, because of you the heavens have withheld their dew and the earth its crops.
11 I called for a drought on the fields and the mountains, on the grain, the new wine, the olive oil and everything else the ground produces, on people and livestock, and on all the labor of your hands.”
2021-07-23 09:42
By all means, KYY will try bring down steel stock prices. Keep on posting everyday and night. Work very hard.
2021-07-23 12:28
I think kyy is spreading the purging virus among the mkt players with all his recent articles here ?
2021-07-23 12:37
Geezer has no solid facts when he writes. I think OTB is credible and articulate well when presenting his argument to stay bullish on certain stocks. His contributions are appreciated here. Geezer is nothing but an empty vessel that makes a lot of noise with ill intention to mislead newbies. His MO has always been to buy first then tell the whole world to follow him. When the gains are good enough, he will quietly sell while still telling you to buy more of the good thing while he quietly makes his escape. He is nothing but an old lying Toad.
2021-07-24 00:26
i just rang berjaya sports toto, got someone pick up the phone and she ask me buy what number? BJTOTO is very good buy!!!!! they making profit
2021-07-24 17:17
KYY could be right u know, given construction sites are not working, even steel mills working, what is the use leh ?
No demand mah!
Posted by OTB > Jul 23, 2021 2:01 PM | Report Abuse
I have a few clients to monitor Hiaptek factories in Klang and Terengganu.
How many lorries or containers are there ? Are the factories operating and etc ?
I was told the blast furnace is upgraded to increase 100% capacity to 1.5 million MT in FY 2022.
This statement was confirmed with the management in Terengganu and also one of the directors of Hiaptek.
I call up this director in Hiaptek to confirm again.
My subscriber is also helping me to confirm this statement today. I was told 5 minutes ago, it is confirmed that the capacity of blast furnace is 1.5 million MT in FY 2022..
The blast furnace plant in Terengganu is operating near full capacity because all the workers there are fully vaccinated.
I do not like to tell lies here.
Thank you.
2021-07-24 17:23
Thank you OTB for the info. Much appreciated.
I have a few clients to monitor Hiaptek factories in Klang and Terengganu.
How many lorries or containers are there ? Are the factories operating and etc ?
2021-07-24 17:28
uncle is telling lie again. I can confirm Leonf is opened but not at full capacity.
2021-08-05 11:03
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