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THIS COMPANY EXPECTS TO TURNAROUND FY18!!!
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DATE: 27 FEBRUARY 2018
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THE STOCK : HIAPTEK
HIAP TECK VENTURE BERHAD
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Current Price : 0.52 sen
Target Price : 0.65 sen
Warrant : HIAPTEK-WB (0.29 sen)
Target Price : 0.35c - 0.40 sen
DONT MISS THIS STOCK FOR PRINTING MONEY!!!
This stock in our radar and expect to move higher in short period soon.
Local mills spurred by growing demand as major projects roll out. I am agreed this 3 major keys for succesfull this company :
- Steel stocks continue to garner market attention despite normalising steel prices
- Investors are instead focused on the investment merits of the industry as some of these companies are anticipated to churn out strong profit growth after a long period of difficult competition that finally ended late last year due to overproduction in China
- While steel prices have normalised, fundamentally the situation in China still has not changed since the government there clamped down on steel mills on environmental concerns.
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WHAT KIM SAY?
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"Forsees domestic demand continues to be the principal driver of growth, underpinned by private sector activity and public sector infrastructure projects". - Kim Spartan
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THE PROFILE
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Hiap Teck Venture Berhad, an investment holding company, is engaged in the manufacture and trading of steel and iron products in Malaysia and internationally. Its products include steel pipes, plates, sheets, hollow sections/channels, and tubes; scaffolding and accessories; and other building materials, including beams, flat/angle/square bars, steel sheet piles, and wire mesh. The company also operates as an importer, exporter, and general dealer of steel products, hardware, and building equipment and materials. In addition, it distributes and rents multi-directional crab system scaffolding, and metal form and framework accessories. Further, the company is engaged in property investment, and also provides transportation services. Its customers include contractors, road builders, and furniture manufacturers, as well as water, and oil and gas companies. Hiap Teck Venture Berhad was founded in 1987 and is headquartered in Klang, Malaysia.
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THE KEYNOTE
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HIAPTEK - After three years of losses, Hiap Teck Venture Bhd expects to return to profit in its current financial year ending Oct 31, 2018 (FY18), as the group plans to resume operations at its loss-making joint venture (JV) within the year. Eastern Steel Sdn Bhd, a 55%-owned JV and a producer of steel slabs using blast furnace, had in October 2015 suspended operations to minimise losses, citing "difficult market conditions"
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THE FINANCIAL
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