Koon Yew Yin's Blog
Hiap Teck Target Price? Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 25 Aug 2021, 05:37 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
After I saw Press Metal announcement of its latest quarter result, I am encouraged to predict my target price for Hiap Teck.
Press Metal share price is Rm 5.10.
The company just announced its EPS 3.16 sen for its quarter ending June and its previous quarter EPS 2.55 sen.
Hiap Teck share price is 53.5 sen.
Its EPS 4.79 sen for quarter ending April and its previous quarter EPS 2.21 sen.
By comparison Hiap Teck share price should be much higher that Press Metal.
Why Steel price shot up more than 300%?
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. As a result, the price of steel has shot up more than 300% in the last 1 year as shown on the chart below.
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.
As I stated above, Hiap Teck EPS 4.79 sen for quarter ending April and its previous quarter EPS 2.21 sen. Hiap Teck’s profit increase is 4.79 sen divided by 2.21 sen = 216%. Based on the rapid steel price increase, Hiap Teck EPS for the next quarter should be much higher than 4.79 sen.
Assuming its EPS remained the same as 4.79 sen for the next 3 quarters, its annual EPS will be 4.79 X 4 = 19.2 sen.
If Press Metal with less EPS than Hiap Teck can sell at Rm 5.10, Hiap Teck should sell at least Rm 1.00.
My target price for Hiap Teck is Rm 1.00.
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Discussions
2 people like this. Showing 30 of 30 comments
Do you want your daughter to marry a rich professional man or a gambler who can be as rich as the former? The answer is there..
2021-08-25 14:56
Jokes aside, Uncle KYY, for a multi-bagger stock, kindly look into Kpower. Prospects are really good with Rm2bil order book for mini-hidro & solar power which are green tech, low PE, net cash company.
2021-08-25 15:00
Press metal aluminium. Hiaptek steel. What about the MCO and 60 percent workforce
2021-08-25 16:18
Better use DUPONT analysis by KC u can know the strength and weakness of this company compare to peer before blindly follow
2021-08-25 17:00
KYY:Press Metal share price is Rm 5.10. The company just announced its EPS 3.16 sen for its quarter ending June
Q: Kossan recent EPS is 41.7sen by logic whats fair share price please? Thank you
2021-08-25 17:17
The word of wisdom from i3lurker.
i3lurker the value of any share is always the current market price whether INSAS or Top Glove
25/08/2021 4:46 PM
2021-08-25 17:55
This old shit pointed this stock. The price will fall like roller coaster. Must sell off
2021-08-25 19:59
Kyy panicking price keep drop. Now busy promote. Minimum 3 articles bout hptk per week.
2021-08-25 21:32
Good give kyy some heartaache for a change when he say buy ALL SELL time to taaaste his own medicine as they say
2021-08-25 21:39
conman kyy misleads everyone again by showing the latest iron ore price chart but outdated hrc steel price chart.
Better run before he does
2021-08-25 21:48
Why should Hiap Teck report reduced profit? Koon Yew Yin
KYY said ;---
"Investors with some common sense should know that Hiap Teck will surely report reduced profit in the next few quarters."
https://klse.i3investor.com/blogs/koonyewyinblog/2021-07-26-story-h1568812181-Why_should_Hiap_Teck_report_reduced_profit_Koon_Yew_Yin.jsp
2021-08-25 23:21
Prestar , kssc and some steel related counters announce Sterling results today. So hiaptek, choobee, leonfb and melewsr should up .
2021-08-26 00:28
If there is common sense in trading stocks, not much money can be made. It is the senseless emotions of other people that generate profits!
2021-08-26 08:20
Chino not exporting steels anymore due to tarriff 13%
There making other world steel makers to make up the demands especially USA development reforms greatest demand next few yaers!
Hiaptek enjoys 30% cheaper costs from Australia iron ore prices!
2021-08-26 12:31
Geezer is trying so hard to get his shares moving with his daily write-ups. Can you imagine if there's no i3 to promote his stock? I think his share market performance would only be mediocre at best.
2021-08-27 12:07
By Feb2022, 4m MT potential coming online from LionInd refiring up nascent capacities (Banting 3.2m MT + Pasir Gudang 720k MT)
2021-08-27 16:44
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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....
abang_misai
Assalamualaikum Abdul Koon. Apa khabar Hiaptaik?
2021-08-25 14:51