Koon Yew Yin's Blog
Hiap Teck produces steel and steel products - Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 26 Aug 2021, 02:17 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
Hiap Teck mines iron ore to produce steel for sale. It also makes steel angle sections, pipes and steel products for sale. It also exports iron ore. Hiap Teck is different from many other steel companies.
Choo Bee, Leon Fuat, Prestar, Astino, Leader Steel, Tashin, Mycron, etc buy steel sheets, steel pipes etc from Hiap Teck to make steel products for sale.
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.
In view of rising steel price, Hiap Teck should continue to report increasing profit in the next few quarters.
Hiap Teck reported EPS 4.79 sen for its quarter ending April and its EPS 2.21 for its previous quarter.
Its profit jumped up more than 100% increase. It should report fantastic jump in profit in its next quarter ending July, which should be announced before the end of September.
Even if I assumed the profit remained the same as 4.79 sen, its annual EPS will be 4 X 4.78 sen = 19.2 sen. Currently Hiap Teck is selling 55 sen. It is selling at PE 3.
Based on the above safe assumption, my target price of Rm 1.00 is easily achievable.
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Discussions
2 people like this. Showing 21 of 21 comments
Dangerous to buy Hiap Teck Kyy will U turn anytime after he sold. I go for Prestar & AYS
2021-08-26 19:46
this is his 5th article promotion for hiaptek.
dont say i didnt warn u guys.
2021-08-26 20:07
so its not a palm oil company?
thats good to know....
btw, he already sold off, thats his style.
This is just an afterburner article. Thats how he works
2021-08-26 20:09
Told u one week will post 4 artciels about hiap Tek. Kyy can escape n u all r his escape goats
2021-08-26 21:23
after checking, found out Choobee has a nice technical chart too. Double bottom, breakout with high volume & anticipating the good QR results.
2021-08-26 22:03
will all disappear once old stocks all sold off.
only 1 QR Gambling on old stocks previously bought lower.
aint gonna happen again.
I was doing steel trading previously placing purchase orders to Arbed.
You issued POs at lower price sure make profits.
New POs will be at much higher price.
BURSA Law => Got profits take profits applies. Dun be Greedy
2021-08-26 22:38
never make investment decisions based on one off steel price increase.
but you can make Gambling Decisions and Got profits take profits
2021-08-26 22:39
Do not forget -- a month ago 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
2021-08-27 09:15
Guys. Don fall to the trap. This 'lao ham ku' already accuired a lot hiaptek stock. Later he quietly disposed u all kena only.
2021-08-28 13:01
Wait for Grandpa Koon uturn! Then he will make fun of you guys! I mean how many times has Grandpa Koon flip flop on steel theme!
2021-08-28 13:03
Market is control by fund manager. Not necessarily company profit share will rise. Take glove stock for example. This old shit is trying to make quick buck only. Don fall to trap
2021-08-28 13:04
Buy stock, write blog, price rise, i sell, price don't rise, i don't lose.
KYY is my idol.
2021-08-28 13:58
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