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.
Chart | Stock Name | Last | Change | Volume |
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Created by Koon Yew Yin | Apr 30, 2024
As shown on the chart below, Sendai has been dropping in the last few days. Today all shareholders must be wondering to sell, hold on or to buy some at a cheaper price.
Created by Koon Yew Yin | Apr 22, 2024
Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:
Created by Koon Yew Yin | Apr 22, 2024
Sendai price chart below is showing its price trend reversal. It is hitting a record high.
Created by Koon Yew Yin | Apr 18, 2024
After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.
Created by Koon Yew Yin | Mar 29, 2024
Currently Sabah Government does not know that solar panel produces the cheapest electricity???
Created by Koon Yew Yin | Mar 23, 2024
During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
Created by Koon Yew Yin | Feb 29, 2024
After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.
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.
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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
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