Koon Yew Yin's Blog
Hiap Teck has dropped to strong support level - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 06 Aug 2021, 04:03 PM
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
Since I sold all my stock holdings about 2 months ago, I have been watching the market like a hawk. I notice all the steel stocks especially Hiap Teck has been dropping from 70 sen to below 50 sen. It has reached a strong support level as shown on the price charts below.
Hiap Teck price chart
Currently as I am writing this article Choo Bee has gone up 7 sen, Leon Fuat has gone up 3.5 sen and Hiap Teck has gone up 3 sen today.
I have started to buy back steel stocks especially Hiap Teck because it is mining iron ore to produce steel to sell locally and export. Leon Fuat and Choo Bee buy steel to produce steel products.
Malaysia exported iron and steel
The table below shows Malaysia exported Iron and Steel Rm 2.269 billion in May and Rm 1.970 billion in June 2021. This huge amount of export can only mean that all the steel companies are allowed to operate to some extent. I understand that the Government has allowed 60% of the workers to work during MCO lockdown.
Why steel price is rising?
China has been the biggest steel producer and exporter
in the world. Since it wants to improve its air quality and environment, it has reduced the production of steel. Whatever steel it produces is for home consumption only and not for export. As a result, steel price has been rising.
That is why I have started buying back Hiap Teck at cheaper price.
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Discussions
Be the first to like this. Showing 49 of 49 comments
Hahahahahahaha uncle koon, you are a laughing stock here.
Any sane person reading your articles for the last 2 weeks would think either you are a conman or madman, sorry to say that.
So you admit OTB is right and you are totally wrong ?!! To be fair you owe OTB an apology ! [ by the way I am not a fan of OTB, just being fair }
2021-08-06 16:27
Kyy is the one right!!! He ask every one sell steel so that he can buy back cheap.
2021-08-06 16:34
Hahaha Uncle Kyy turn and turn all his followers now topsy turvy
This kind of inconsistent behavior for a man of such an advance age is like 2nd childhood?
Now children playing shares like playing toys?
LoL!
Ok
Calvin thinks one steel stocks all must take note
Masteel - the master of long steel
1. Masteel insider bought at 59 sen so anything below can consider
2. Masteel is using scrap steel which saves on cost from high iron ore price
3. Masteel bring long steel bar players will benefit when high infrar highway jobs like Ecrl and pan Borneo highway at its tail end as Bridges, Train stations all need long steel
4. USA1 Trillion infrar jobs will benefit masteel as it is an exporter
5. Masteel in past year cyclical peak reached a high of Rm1.50. so at 50 sen now Masteel has the potential to rise to Rm1.50 which is 200% upside
6. Two more thing about masteel
I) Masteel avoided high debt by issueing Rights to raise cash
Ii) Masteel factory is strategically located near Ecrl end route of Selangor. When Ecrl is ready Masteel can export it's steel bars through Kuatan Port to all of China , Japan and as far as USA
Masteel - The master of long steel bars
2021-08-06 16:35
But not forgetting palm oil
Palm oil will be reporting fantastic results soon
2021-08-06 16:36
KYY already started to buy steel stocks, we read between the line, it means he already apology and sorry OTB.
2021-08-06 16:40
haha, KYY reputation is bad since he lost big on glove stocks. Not even 2 weeks he changed tune already on steel stocks.
2021-08-06 16:52
Guess he bought back at 48sen, at the time he bad mouthed steel stocks about 2 weeks ago. Really old fox cannot be trusted.
OTB is more consistence with his stance as such earns our respect.
2021-08-06 16:54
Blog Headlines (by Date) Blog Index
Why the share price drops when a company reports reduced profit - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Mon, 2 Aug 2021, 4:58 PM
As you know, our Prime Minister has issued MCO lockdown in the last 3 months due to the increase of Covid 19 cases and recently extended the MCO lockdown period until the daily Covid 19 cases are less than 4,000. Currently we have a 7-day average of 16,697 daily new Covid 19 cases as shown on the chart below. We have a total of 1.11 million Covid 19 cases, 915,000 recovered cases and 9,024 deaths. Unfortunately, all these figures are still surging.
Based on the rapid increase of Covid 19 cases, Malaysia will soon have more than 2 million Covid 19 cases and 2 million recovered cases. When the 2 million Covid 19 cases recovered, we will have 4 million recovered patients. Our population is about 32 million. That means we will soon have 1 Covid 19 recovered patient for every 8 persons in Malaysia.
Studies have shown that those recovered patients will continue to have ill health though out their lives. To provide adequate medical treatment for 2 million ill health patients will be an enormous burden for the families and the government.
All investors must know which criteria pushes the share price up or down.
Among all the share selection criteria such as NTA, cashflow, debt, healthy balance sheet, dividend yield etc, the most powerful catalyst to move share price is profit growth prospect When an investor buys a share, he expects to gain from dividend yield and share price increase. Almost all Malaysian listed companies do not give out more than 5% dividend yield. So, investors should only buy shares that have good profit growth prospect; they can continue to report increasing profit.
When a company reports good profit growth, many investors would chase to buy it. As a result, the share price would go up higher and higher until it is overvalued.
On the contrary, when a company reports reduced profit or losses, many shareholders would rush to sell off their holdings as quickly as possible. There would be many more sellers than buyers. As a result, its share price would continue to drop.
As I mentioned earlier, our PM has already issued MCO lockdown for the last 3 months and has extended the MCO lockdown until the daily new cases is less than 4,000.
All companies except essential industries have been closed in the last 3 months and will remain closed in the months to come. Since steel companies are not classified as essential industry, their workers cannot work to produce anything. They will soon report reduced profit or losses for the quarter ending June 2021.
The rising steel price:
The rising steel price cannot help steel companies to make more profit because their workers cannot go to work to produce steel products. Even if they can make steel products, all the construction workers cannot go to work and they do not need to buy steel products.
Don’t be tempted to buy steel stocks now!!!
All the steel stocks have been depressed in the last few months. They look very much undervalued based on their good profit result in the last quarter ending March and many investors are tempted to buy them.
( But when they report reduced profit or losses, their share price will surely drop lower. Only foolish investors want to buy steel stocks now.)
All long-term serious investors should know that the overall stock market has been depressed in the last 6 months. KLCI chart below shows that most of the listed stocks have been dropping in the last 6 months due to MCO lockdown and our political uncertainty.
2021-08-06 17:13
Shameless old crook...but again many can read his moves...except few idixts...lol
2021-08-06 17:15
Blog Headlines (by Date) Blog Index
Why the share price drops when a company reports reduced profit - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Mon, 2 Aug 2021, 4:58 PM ___________________________________________________________________________________ ( But when they report reduced profit or losses, their share price will surely drop lower. Only foolish investors want to buy steel stocks now.)
2021-08-06 17:17
Blog Headlines (by Date) Blog Index
Why the share price drops when a company reports reduced profit - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Mon, 2 Aug 2021, 4:58 PM ___________________________________________________________________________________ ( Only foolish investors want to buy steel stocks now.)
2021-08-06 17:21
Breaking news; muhyidin appoints kyy to replace sabri ...kyy has a proven skill that he can change his opinions faster than his Pagoda singlets
2021-08-06 18:47
everyday ask sell because no profit......secretly buy back steel stocks...clever old trick.
2021-08-06 19:09
not changed tune la. These two act they fight each other actually want to buy cheap, after collected cheap then release articl lor
2021-08-06 19:20
just a show for readers here to watch ma ,good cop bad cop haha only waterfish will Kena slaughtered
2021-08-06 19:20
This is really eye opening. This is indeed shameless at it lowest point. I think a begger has more pride. Come to think of it, it is an insult for beggers to be used as comparison. Well, this is what money can do to you.
2021-08-06 19:54
Absolutely shocking n blatant to misled investors. Definitely not a good deed.
2021-08-06 20:16
Heheh. Damn sial orang tua ini. Flip flop within days and weeks
Posted by CharlesT > Aug 6, 2021 5:15 PM | Report Abuse
Shameless old crook...but again many can read his moves...except few idixts...lol
2021-08-06 20:18
Posted by Citadel9999 > Aug 6, 2021 7:20 PM | Report Abuse
not changed tune la. These two act they fight each other actually want to buy cheap, after collected cheap then release articl lor
----------------------
Dear Citadel9999,
Please do not assume there is a fake "quarrel show".
I am a principle person, I am very disappointed with you to group me with him.
You must do your homework to check your facts before you write.
You attack me instead.
Please use your brain to think.
He told the whole world that he sold steel stock (LeonFB) on 9/7/2021.
Quote !!
A safe strategy during pandemic - Koon Yew Yin 10 July 2021 (Saturday)
Unquote !!
The share price of Hiaptek closed at 0.50 on 9/7/2021 (Friday).
He did not buy Hiaptek at all.
More than 80% of his portfolio is in LeonFB.
Please do not group me with him again, I told all readers here that I will run far ... far ... away from him.
Thank you.
2021-08-06 20:28
KYY made u-turns that our politicians also can not keep up with him lol
2021-08-06 20:46
Just take note of his key points, his buy sell calls add in 5 layer filters
2021-08-06 20:49
And its free. Those who pay for fake gurus, lagi am tui, paying good money to experiment stock for fake gurus
2021-08-06 20:51
two days ago shouted sell now buy call haha. KYy did the same at gloves haha
2021-08-06 22:32
Geezer knows he got it wrong and needs to buy back quickly before steel stocks leave him behind. What a clown.
2021-08-07 00:30
I hate to say i told you so! That's why i just enjoy Grandpa Koon stories but when it comes to investment, he is the last on your list!
2021-08-07 01:01
Koon now u upgraded to be a blardy fool by applying CA con analysis ah? Coming qtr result will be bad wor, ur CA analysis trigger buying ah?
When is ur next Koon Fool course? Open for registration already?
2021-08-07 10:48
As expected, a few days ago whack this stock like no tomorrow, today post that he buy back. This is not unexpected, he do this all the time.
2021-08-07 11:00
Remember Jacks hengyuan lionind all same story. Always the same. Very predictable
2021-08-07 11:07
He don't say anything,I'll go for hiapteck . After he saying that he is in this counter ,I will sell all and buy tashin, melewar or leonfb . Don't really want to push for this old folk
2021-08-07 20:31
You write for people to sell n cut loss to you at cheaper price, and write again after you bought. Con you win, shame on you. shameless old fox.
2021-08-08 20:49
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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....
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Post removed.Why?
2021-08-06 16:09