Koon Yew Yin's Blog

No reason to dump Hiap Teck - Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 28 Oct 2021, 09:43 AM
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

Yesterday Hiap Teck dropped from 65 sen to close at 57 sen, a drop of 8 sen. The total volume traded was 136 million shares. I have not seen any stock traded with such a big volume before. I cannot find reasons why Hiap Teck should plunge 8 sen yesterday as shown on the price chart below.

 

Hiap Teck has 35% share of Eastern Steel Sdn Bhd (ESSB) and the controlling shareholder is Beijing Jianlong Heavy Industry Group Co., Ltd. which is one of the largest steel producers in China. ESSB can produce steel cheaper in Malaysia than in China and USA because our electricity is much cheaper.

Despite the recent steel price correction, steel price in Malaysia is much cheaper than that in China and in USA as you can see the 3 price charts below for comparison.

 

 

 

Iron ore price in Malaysia is Rm 5,200 or US$ 124 per metric ton. Iron ore price in China was US$ 220 per metric ton before the recent crash. Iron ore price is US$222 per metric ton in USA.

I cannot find reasons why Hiap Teck should plunge 8 sen yesterday.

 

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Discussions
Be the first to like this. Showing 49 of 49 comments

vcinvestor

"You should buy this share"
"This share is so undervalued"
"Don't worry about the dip, keep buying this share"
"Its illogical that the share price is dropping, I will buy some more"
"This is a good opportunity to increase your stake at this price"
"Actually I sold this share last week. You should make your own decision with shares"

Same formula by the old man, just rinse and repeat with a new counter

2021-10-28 10:40

stockfreak

The only reason to sell: when KYY talks about it.

2021-10-28 15:07

JeevS

why u wasting time promoting your false thinking? grow up la uncle... maybe ask ur grandson to invest in your stock picks

2021-10-28 16:06

JeevS

"No reason to dump Hiap Teck because me and the sharks havent fully sold off our shares yet!" - KYY

2021-10-28 16:18

Stock Kingdom

Hello KYY, you have never seen?

Welcome back to Malaysia & you must have missed the show directed by Karim on "Serba WonderShow"

2021-10-28 16:56

Russel

vcinvestor "You should buy this share"
"This share is so undervalued"
"Don't worry about the dip, keep buying this share"
"Its illogical that the share price is dropping, I will buy some more"
"This is a good opportunity to increase your stake at this price"
"Actually I sold this share last week. You should make your own decision with shares"

Same formula by the old man, just rinse and repeat with a new counter
____________________________________________________________________

Fully Agreed, exactly the same ploy

2021-10-28 17:07

Stock Kingdom

disgusting

2021-10-28 17:08

mita29

lololololol

2021-10-28 17:50

Nkk1370

Dun understand all this logic

2021-10-28 19:40

s3phiroth

u dont touch whatever kyy heavily promoted because he will eventually bring u to amsterdam. It is not an accusation but proven facts.

2021-10-28 19:55

Yu_and_Mee

I say: No reason to believe you, KYY. From glove counters experience, you demonstrated that you are a non-ethical person. Though you did charity but you hurt retailers who follow your calls. You can deny but that's the fact.
Today say supermx good, then suddenly say supermx overvalued, then say topglov good, then no good, comfort good, then expensive, then ruberex then expensive.
I'm sorry to say this. Maybe you don't see anything wrong but from outsider, i see you are a bad person.

2021-10-28 20:06

Yu_and_Mee

NO reason to DUMP?
I say NO reason to PUMP.

2021-10-28 20:08

qqq3333

Post removed.Why?

2021-10-28 20:08

qqq3333

Post removed.Why?

2021-10-28 20:09

whpang

Totally agree, just don't listen.

2021-10-28 20:17

winnerz

Okay, Koon gor. We trust you.

2021-10-28 20:38

qqq3333

not true to say that malaysia steel cheaper than China steel.....

furthermore, Malaysia capacity not 1% of China capacity, like mosquito vs elephant.

but wild fluctuations in raw materials and product prices means P/L fluctuates wildly too...all depends on cut offs and timing.

2021-10-28 20:40

Want2MakeMoney

He is showing a chart of price in July which was much higher against a price now that is much lower , misleading

2021-10-28 21:28

bsinvestor

run lah..

2021-10-28 21:32

bsinvestor

same like glove, at the beginning said don't sell.

2021-10-28 21:32

winston1

Now he will slowly wait for the opportunity to sell and run

2021-10-28 21:36

sense maker

How many articles Kyy wanna write to promote one stock? what a pathetic manipulator! just sell all your assets and buy more hiap teck lah since you say it will reach RM1.16.

2021-10-28 21:54

Benhobenhobenho

Of course sometimes kyy do give some right analysis but many a times, he's totally out. He must have bought a lot of hiapteck shares to promote so aggressively to others.

2021-10-28 22:04

Benhobenhobenho

Can we trust such a person who had already a personal interest in the stock he promote.

2021-10-28 22:07

Benhobenhobenho

He used to promote supermax aggressively but quietly sold all his holdings when the stock started to crash. After the crash n having sold all his holdings quietly, he started to write negative remarks of supermax. Can we trust such a man??

2021-10-28 22:11

EarnAmeal

He will get his karma soon, keep repeating his tactics.

2021-10-28 22:17

s3phiroth

let's not forget how he promoted AT but sold everything a few days later.

2021-10-28 23:08

EatCoconutCanWin

RSS for sure.. very soon

2021-10-28 23:12

Legend

ini old fox jangan percaya...kuat tipu newbie.

2021-10-28 23:14

gohkimhock

Just imagine how many anchovies have been eaten alive by him..

2021-10-28 23:23

peterparker69

Post removed.Why?

2021-10-28 23:37

qwerty8888

Chinese gods have “choi san”=wealth god and “shui san”=bad luck god….

Currently, it is karma hit kyy……… u guys know what to do when a person have such god follow him. Do the opposite !!!!!!

2021-10-28 23:44

Tiger62

quickly sell sell sell, don't wait a single minute

2021-10-29 07:37

KingKong_Doll

if I can short sell this stk ah, i kasi sell all the way. Kasi pecah itu balang....hehe.....sure make money.

2021-10-29 08:56

Junichiro

I looked into the chart from Elliott Wave lens.

Hiap Teik has already its 5 wave uptrend that started in 2020. The last wave 5, with all its overlaps, is an ending diagonal. An ending diagonal means "the train is returning to its station". The top of the last wave 5 is not able to go past the last wave 3 high, indicating a failed wave 5.
The ensuing correction is bound to be deep.

2021-10-29 10:17

gogogolee

i sold at 0.635

2021-10-29 17:07

sensonic

VERY GOOD BUDGET, MARKET EXPECTED TO GO UP ON MONDAY .

2021-10-29 23:02

ahbah

Coming Monday, mkt on BULL RUN !!!!!

2021-10-29 23:04

DreamEmperor

yah gah

2021-10-30 01:53

DreamEmperor

sure boh

2021-10-30 01:53

DreamEmperor

how you know leh

2021-10-30 01:54

Colgate

Con new newbies for profits? Got endless newbies???

2021-10-30 05:50

rogers123

Uncle Con... How is my hiapteck. Keep falling......

2021-11-02 08:34

rogers123

Will u tell us later u sell all?

2021-11-02 08:34

rogers123

ahbah Coming Monday, mkt on BULL RUN !!!!!
29/10/2021 11:04 PM <--- Hahaha -30+ is considered BULL RUN?

2021-11-02 08:36

Kelvin Ong

Inflation getting higher...go buy gold stocks.

2021-11-02 08:39

moneySIFU

I have a friend in Sabah who just started to venture into steel business making roof & all kinds of steel products using cold coils & sheets.

He tried to ask around quotations from west Malaysia producers and the lowest quote he got was RM8000+ per ton (coils).

You know what? He managed to import 3 tonnes from China using container & forwarding agent for custom clearance. With all costs, he received the items in Lahad Datu with average price of RM5000+ per tonnes.

So the reality?

2021-11-12 23:07

TryMakeGoodBuy

wonder what happened to KYY??
No write at all!!!

Did he pump and dump?

2021-11-13 00:54

Stock Kingdom

From 57 sen to now 44, it continue to be dumped wo, how?

2021-12-06 16:39

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