https://www.newindianexpress.com/world/2021/nov/06/us-congress-passes-joe-bidens-usd-12-trillion-infrastructure-package-2380167.html

U think Malaysia is CCP ah? Ban export? U sort jor izzit? If this case happen, Malaysia should ban Petronas from exporting crude oil also, to ensure Malaysian have cheap oil to use.
Malaysia should ban exporting palm oil also.
Last but not least, Malaysia should ban exporting Musang King Durian also. We want eat cheap durian lei......!!!!

Use your brain to think.

Jhau65 The Malaysia government is considering to implement a temporary ban on the export of steel to ensure the local steel industry has a sufficient supply of raw material to maintain its operations.

U think Malaysia is CCP ah? Ban export? U sort jor izzit? If this case happen, Malaysia should ban Petronas from exporting crude oil also, to ensure Malaysian have cheap oil to use.

Use your brain to think.

RHB Small Cap Research

14 June 2021 Basic Materials | Metals Hiap Teck Venture (HTVB MK) Unearthing The Jewel Of The East

 MYR1.00 FV based on SOP. We apply DCF valuation on Hiap Teck Venture’s primary operations and FY23F (Jul) P/E on JV earnings to deemphasise the current spike in steel prices on its valuation, and perceive considerable upside potential even under our prudent parameters. The group’s partnership with global steelmaking major, Beijing Jianlong Heavy Industry Group (Jianlong Group), has proven to be a masterstroke, as the 35%-owned Eastern Steel (ESSB) JV’s sweeping turnaround into a pivotal profit driver will serve as a key re-rating catalyst for the stock.

 Core business is a proven cash cow. With annual turnover of >MYR1bn, HTVB is one of Malaysia’s largest steel companies engaged in trading and manufacturing of downstream flat steel products, serving various sectors such as engineering, oil & gas, construction and manufacturing. Within South-East Asia, it is a regional market leader for steel pipes and hollow sections, with an annual production capacity of 550,000 tonnes. Its operations have stayed consistently profitable throughout good and bad times, with GPM averaging 10% over the last 10 years and stable opex at 4-5% of revenue. Annual maintenance capex is minimal (MYR10-15m) while there is ample spare capacity to cater for future demand growth.

 ESSB JV to stand out for its cost competitiveness. The blast furnace (BF) plant with rated capacity of 700,000 tonnes of billets/slabs has seen its performance improve by leaps and bounds since resuming production in FY19 under the stewardship of Jianlong Group, the fifth largest producer in China (eighth globally). ESSB notably swung into net profitability in 1QFY21 (Oct), which was prior to the sharp rally in steel prices – yet ahead of local peers. This, coupled with significant cost savings from its newly-completed coke oven and 15-year tax exemption period until 2033, denotes that the 35%-owned JV is set to be a major and sustainable profit driver for HTVB going forward – even if global steel prices come under pressure in the future, given the margin buffer afforded by its competitive cost position.

 Forecasts. We project FY22F earnings to leap 75% YoY to MYR179m, led by higher ESSB share of profit. This, in turn, is driven by still-elevated ASPs seen for 1HFY22F, plus cost savings of >MYR100m from the new coke oven, which is expected to fully ramp-up in 2HFY22F. We expect the JV contribution to normalise at MYR80m from FY23F, in anticipation of steel prices’ mean reverting towards more regular levels.

 Under-researched, undervalued stock = high re-rating potential. Our SOP valuation incorporates a DCF of the cash-generative downstream operations (8% WACC, 2% LTG) and 10x P/E (global industry 5-year average) on ESSB’s post-peak FY23F JV profit of MYR80m. Our MYR1.00 FV suggests that the current share price has yet to rightfully account for the value of ESSB, with the earnings contribution still not supersized yet in 1HFY21. At the current 0.9x P/BV, HTVB is trading at a 35% discount to regional steelmaking peer average of 1.4x, corroborating the upside potential implied by our SOP valuation.

Banyak cibayy meleyuu di sini

This ldl0t melei keep barcgking. Timah and Fatimah also dont know how to differentiate. Really pity. Biji Timah tau tak? Fatimah punya biji lah.. tet tet

https://stockhead.com.au/resources/monsters-of-rock-china-makes-headway-on-steel-cuts-but-aussie-iron-ore-miners-not-feeling-the-pressure/?amp

https://stockhead.com.au/resources/monsters-of-rock-china-makes-headway-on-steel-cuts-but-aussie-iron-ore-miners-not-feeling-the-pressure/?amp

I hope this ularsawa no ball no diq no children.

Go sembayang lah, dont bak here

So many malai baking here

250,000 shares sold for RM153,750, that's RM0.615 per share. This CFO rugi lor....

Chinese government has asked steel mills in some 28 cities in northern China to cut production in the winter heating season – from November 15 to March 15, 2022 in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country’s steel output reduction target.

Steel mills will have to follow their 2021 output cut plans and maintain cuts of at least 30% in steel production from January 1 to March 15, 2022, from the level in the same period in 2021, according to a statement issued by China’s Ministry of Industry and Information on Wednesday.

https://www.sharecafe.com.au/2021/10/13/iron-ore-hit-hard-as-beijing-cuts-steel-production-again/

Chinese government has asked steel mills in some 28 cities in northern China to cut production in the winter heating season – from November 15 to March 15, 2022 in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country’s steel output reduction target.

Steel mills will have to follow their 2021 output cut plans and maintain cuts of at least 30% in steel production from January 1 to March 15, 2022, from the level in the same period in 2021, according to a statement issued by China’s Ministry of Industry and Information on Wednesday.

https://www.sharecafe.com.au/2021/10/13/iron-ore-hit-hard-as-beijing-cuts-steel-production-again/

Jason King, that is not "private placement again", that is additional listing, learn how to read announcement thanks

Journey to the Mars start now

TechnaX is going to Mars

Drop more than Ancomlb, hahahahq, lousy

GST coming back!!!

All lose money hahahahaha

Sell on news!! Hahahahaha, keep dreaming lah

Niis is bonues, Iris will need S5 service

I buy Ancomlb not because of NIIS, is because of S5 RTO, now market cap only 200mil, S5 at least worth 900mil base on MYEG 10% 90m share bought last time. So still have 400% more to go..