Koon Yew Yin's Blog
Cheaper iron ore price and rising steel price will benefit Hiap Teck - Koon Yew Yin
Koon Yew Yin
Publish date: Fri, 13 Aug 2021, 05:20 PM
Koon Yew Yin
0 1,428
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
You might think that I am promoting Hiap Teck too aggressively. But since I just saw the latest news that iron ore price has plunged from US$ 220 to US$ 165 per ton, a drop of 34% last month as shown on the iron ore price chart below, I need to write this article to inform investors.
China has been the biggest steel producer and exporter in the world. Since China wants to improve its air quality and environment, it has stopped exporting steel. It only produces enough of steel for its own use. China has stopped buying iron ore from Australia. As a result, the iron ore price has plunged sharply as shown on the iron ore price chart below. Moreover, the price of steel has shot up more than 300% in the last 1 year as shown on the chart below.
Cheaper iron ore price and higher steel price will surely benefit all the steel producers, like Hiap Teck.
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Discussions
1 person likes this. Showing 19 of 19 comments
All uncle Kyy cares is how to make rm from his article.
Bilis better buy to help Kyy selling in the market.
2021-08-14 12:06
On 26.7.2021, you said,
"During lockdown all factories including Hiap Teck and all other steel companies and all construction companies must remain close. As a result, all steel companies and construction companies will definitely lose money because they have to pay their permanent staff, office maintenance, depreciation of assets, bank loan, etc."
you further added,"All investors should have some common sense to know this fact and quickly sell all their stock holdings like what I did a few weeks ago"
https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-26-story-h1568812181-Why_should_Hiap_Teck_report_reduced_profit_Koon_Yew_Yin.jsp
Then on 27.7.2021 you said "Investors with some common sense should know that Hiap Teck will surely report reduced profit or losses in the next few quarters due to the extended period of lockdown."
"It is wiser to wait patiently to see the market reaction when Hiap Teck reported reduced profit or losses."
https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-27-story-h1568817706-Investors_should_ask_OTB_these_questions_Koon_Yew_Yin.jsp
On 19.7.2021 you said,"Currently, we have MCO and also political uncertainty." and "I will start to buy back Leon Fuat and other stocks when there is no more MCO and when workers can go back to work."
https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-19-story-h1568693885-When_will_I_start_to_buy_back_stocks_Koon_Yew_Yin.jsp
On 6.8.2021 you changed your mind and start promoting aggressively despite the fact that the price of Hiap teck has remained around 50 sen level during that period.
Uncle KYY, those are your words not mine. They are so contradictory. Please note the MCO is still on and political uncertainty is at its height.All these do not matter now when you have bought at around 50 sen and hope other people join you to push up the price??
We know you suddenly love steel stock now,are you sure you are now happy with MCO and political uncertainty??
2021-08-14 13:58
When uncle post. Better invest in other counters. Wait him come over. If lucky. Join the dump
2021-08-14 17:46
Posted by stockwin > Aug 14, 2021 1:58 PM | Report Abuse
On 6.8.2021 you changed your mind and start promoting aggressively despite the fact that the price of Hiap teck has remained around 50 sen level during that period.
________________________________________________
He should take time to look at his own postings which had reflected badly on his judgement & advises. How could a so called seasonal investor behaved like that... flip flopping over just less than a month.
All his ego & his past achievement has clouded his judgement. Being successful in past does not guaranteed that his will be successful in future.
Be humble & graceful... anyhow long term value investment still the key investment strategy for those young one.
2021-08-14 20:06
Hi uncle KYY. Personally what you think of Appasia counter? Can buy or not? Tks.
2021-08-15 14:56
The outcome according to my Uncle, will astonished everyone in Malaysia. It’s between 2 people only actually vying for PM post. The problem is can one of them trust the other one? One of them have to relent to allow another one to become PM. This prediction is according to my Uncle sixth sense. Sorry can’t reveal the two names above. Stay tune...
2021-08-16 14:03
Buy only construction and Mills start operating. Now they start plant running slowly.
2021-08-20 10:37
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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....
AllanOng
Find it hard to understand where the steel bar demand comes from given the limited construction activities in respect of workers at site coupled with the fact construction activities may be halted in the event number of C19 cases increase among workers. Quarantine and pcr testing will need to be carried out before any activities can commence. Steel price may go up due to material shortage but there must be demand in the first place. The current situation is rather daisy....
2021-08-14 11:04