Phoebe

Jenny_MLP | Joined since 2019-10-29

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4 weeks ago | Report Abuse

Maybe because of the new King and the revival of big projects like HSR? He has been a supporter of this project, and I believe it is key for the revival of the forest city. So the stake is high.

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1 month ago | Report Abuse

tksw, u can call me phoebe oni. No need sifu because i'm not qualified.
I have been buying accumulating all this while at various price. Anyway, do follow your own investment strategy. Mine might not work for you and your style might not work for me. Despite it not matching at 0.355, it is not a bad thing. It went back to 0.37 - 0.375...

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1 month ago | Report Abuse

I will continue to accumulate as it drop because i see it as undervalued. Not sure when it will be revalued, and i buying it in batches.

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1 month ago | Report Abuse

I park at 0.355 since last friday. Didn't get any. It could be a good thing thou. Let see how it play out in this few weeks.

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1 month ago | Report Abuse

I mean management didn't mention anything on PP.

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1 month ago | Report Abuse

CEO did bought 2M shares at 0.39.
The company did says in the AGM that there is no plan for right issue. But good point on the Private placement.

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1 month ago | Report Abuse

Trader investor need to adhere to their strategy and hence if certain signal shows downtrend, they need to cutloss. While Fundamental investor will continue to monitor and add as long the fundamental did not change, it is opportunity to add more. So, let's wait and see how it turns out in the 2Q.

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1 month ago | Report Abuse

Every investor have their own way in investing. I guess because it broken the sma200 indicator which suppose to be a strong support. Once broken, it indicate sign of downtrend. That is why heavy selling. I not a technical person. Hence I will stick to accumulate at weakness and wait for upcoming QR.

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1 month ago | Report Abuse

Wow!!! Really drop my glasses. I accumulate at 80+ and sold at 1.60+. When it went to 1.80, I thought that was crazy. Never expect it to go beyond rm2 and now rm2.30.....congrats to those still holding it.

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1 month ago | Report Abuse

Huh? What Green Dragon and big lady??? oh Dear....i hope the big lady is not me....

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1 month ago | Report Abuse

I start to accumulate more.

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1 month ago | Report Abuse

Lol...so fast my prediction come right. @^_^@

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1 month ago | Report Abuse

55 cents? Hmm, I'm aiming a little bit higher than that....anyway, TP varies on each individual and timeframe. All is certain is ESSB is growing and should benefit HTVB. Completing the HRC mill is only phase 2. There is a phase 3 plan to grow to 5Mil MT but lets reap the fruits for phase 2 1st. Like cold eyes said, most important criteria is growth. No growth dun buy. @^_^@

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1 month ago | Report Abuse

Yes...accumulate slowly and I'm doing the same too. I now waiting for the upcoming Q report (For Nov -Jan). It should show the full capacity of 2.7mil MT since the new blast furnace was put into operation on 8th Oct'23. However, management did say that it will only go achieve full capacity in 1Q'24.

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1 month ago | Report Abuse

The red sea conflicts is an issue affecting many exporters and not Hiaptek alone. And it is not a show stopper because there is another route which take 9 to 14 days more to reach the destination. Usually seller is FOB port and buyer responsible for the shipping cost but I'm not sure in ESSB arrangement. The demand might reduce due to higher shipping charges because longer route but then Malaysia steel export to Turkey has added advantage. Under MTFTA, the Malaysian steel exports to Turkey should be fully tax-free starting August'23. That also explains the sudden rise in ESSB exports to Turkey for 0 a year ago to 46% currently. And again, if the drop of HTVB is really due to the conflicts, i deem this is short term because it affect other company and not to mention countries as well.

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1 month ago | Report Abuse

tksw, stop calling me sifu as I no sifu.
& Young man right. Dun beliv my words. Do read the annual report, quarterly report and analyst presentation deck.
The reason I can think off for the continuevpressure of the price might due to the Red sea conflict. With 40% production export To Turkey, it will affect the revenue if it is affected. However, I believe this is short term.

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1 month ago | Report Abuse

I'm not sure if he is a goreng king but they don't give much dividend because they require the money for ESSB. For last few Q, they been dragged down by ESSB losses but i guess things about to change. All Capex has been set in. ESSB will start giving out 30% of profit as dividend starting 2025 which is next year. This will improve HTVB cash flow and possibly of giving better dividend.

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1 month ago | Report Abuse

Dig further into HTVB and ESSB over the weekend. I really puzzled by the RM123.4 FX translation loss, despite they stated as unrealized loss in their Q1 analyst briefing. I can only come to a conclusion either
1. They have so much money in USD that the fluctuation of USD causes the loss.
2. Their hedging went wrong.
3. They accept Turkish Lira as payment for their exports to Turkey, and lira has plunged a lot in the last 6 months.
4. They have ordered a lot of raw material for the 2.7 million MT production, but they have not paid, and somehow the forex is against them now.

https://htgrp.com.my/wp-content/uploads/2023/12/Analyst-Presentation-1QFY24_31-October-2023.pdf

Anyway, with not much ESSB information, it is difficult to know the reason for the loss. However, in the same presentation deck, management reveals that ESSB produces 237.5 kMT and the revenue is RM 611.6 million, Meaning that ESSB is selling RM 2,575 per metric tonne. With a 12% gross profit margin, it is quite close to the RM 2200 production cost the CEO informed the AGM. Hence, with new BF, a further 10% saving is expected, and this gives about 22% GPM. Therefore, with the new capacity of 2.7 million MT and considering 20% GPM, the potential gross profit is RM 1.35 billion. Net profit after tax estimate around RM1 billion annually. Net profit to HTVB is RM273 million, and that is equivalent to RM0.15 just from ESSB alone? Is this too good to be true?

The CEO informed that with the HRC mill, the produce will be 70% domestic and 30% export. Hope this will help in reducing the FX translation effect.

The government has allocated more than RM 90 billion for infrastructure development for 5 yrs, and last year only RM 15 billion was spent, and there is RM 75 billion to spent, meaning RM 25 billion each year. Upcoming November will be Anwar's 2nd year as PM and he needs to boost the economy, and building infrastructure is the most effective way to generate GDP. I will definitely monitor the ESSB HRC mill closely, and I think HTVB is worth to watch.

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1 month ago | Report Abuse

Ohh pls....i no sifu.......

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1 month ago | Report Abuse

I did post some questions during the agm live session, but it were not read out, and neither was the response emailed to me. So I missed out on some important information. Luckily, the question that the shareholder asked gave a very good insight into the ESSB operation.

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1 month ago | Report Abuse

The meeting minutes are out.
https://htgrp.com.my/agm-egm/

Management mentioned that the current average production is RM 2200 and with the new blast furnace, it potentially save up to 10%.
If the 10% turn into profit, this will translate to annual profit of RM 540 million. That is equivalent to 8c to HTVB?

What caught my attention is that they have power plant. A combine capacity of 150MW. I think none of the steel manufacturer have their own power plant because they were hit hard during the electricity ICPT hike. Most of them are using Electric arc furnace except for alliance steel and Lion industries but lion industries BF is old technology. That the reason they try to get funding in 2021 to build a new BF.
https://theedgemalaysia.com/node/662006
https://www.nst.com.my/business/2020/12/649643/lion-industries-target-produce-25-million-tonnes-hrc-q2-next-year

If you refer to HTVB latest annual report, Page 15 on selling of electricity, removing the profit from revenue is the cost of generation, which is RM 25.54 million. Dividing that by the generated electricity, each KWH is RM0.22c. It is so much lower than TNB tariff and with their own generation, they are not required to pay for 17c ICPT and 1.6%KWTBB. That is a huge saving.

From Annual report - "EPR successfully sold a total of 115,113,804 kilowatt-hours (kWh) of electricity to the grid, resulting in revenue totaling RM28.31 million and recorded asegment profit of RM2.77 million."

Therefore their product is very competitive and like the Ceo mentioned, all their production is backed by order. The current sales is 30% local consumption and 70% export. With the HRC, it will be flipped where it will be 70% for local & 30% export. I guess this will help to address the forex translation loss.

Lastly, the below article mentioned that the Jianlong HRC production will be moved to Malaysia to better serve the Asean region.Not sure how accurate is this but if it is true, it will benefit ESSB and definitely benefit HTVB.
https://news.metal.com/newscontent/102434658/Another-Chinese-steel-mills-made-its-way-to-overseas-For-Chinese-companies-looking-to-invest-overseas-what-are-critical-factors-to-watch-for

As for how much ESSB can contribute to HTVB, i believed everyone will have a different figure and you can do the maths. ESSB has said that they has established a 30% dividend policy that will start by 2025 which is next year. This will improve HTVB's cash flow.

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1 month ago | Report Abuse

Lol....i'm also 99% right the dog will bark when the sun sets.

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1 month ago | Report Abuse

If can break 2.05, there might be an uptrend......

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1 month ago | Report Abuse

Woohooo!!....back to RM2.

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1 month ago | Report Abuse

I guess it is in oversold territory. With the ESSB increase in 3x capacity from 700mt to 2700mt, HTVB JV profit should increase. Maybe really need to see coming Q results.

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1 month ago | Report Abuse

I think the meeting minutes will be publish by end of this month. You can refer to the website. I also waiting for it to be released so that i can confirm what i hear is correct. The answer to the MSWG question is already there.

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1 month ago | Report Abuse

1. The Forex transalation loss is an accounting loss. It will materialise when they close the book. And this is only the 1Q. So they will be possible of writeback which it happened .
2. Lion Industries HRC production was stopped in 2021. You can read their AR and find out the reason.
3. HTVB has paid all their money up to phase 2 to ESSB using internal fund. There is no additional fund injection needed as off now. As for phase 3, which will be about 2 to 3 yrs from now, ESSB will take the loan or something. If you attend AGM, you will know.

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1 month ago | Report Abuse

Why does USD strengthen resulting loss for ESSB? Don't they get more RM? I'm drawing a parallel with Ewint. Ewint operates using pounds in UK and when pounds strengthen, they get more MYR and expedites their return of cash to shareholders

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2 months ago | Report Abuse

Woof!...woof!...WoOF! WooF!..........Say what??
It's a pity since I can see you're desperate for attention and affirmation while yet trying to hard hide it. I do hope you're a young man now but not a childish mind trapped in a 50-year-old body. The difference is that the former has an opportunity to grow out of it, whilst the latter is stuck with it forever.

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2 months ago | Report Abuse

Oooo......someone feel the burnt???
My pinky toe is laughing now...... @^_^@

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2 months ago | Report Abuse

Good luck in telling the dog....
I guess he is licking his wound now with him shorting this counter. Got his ass burned.....

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2 months ago | Report Abuse

LOL, the dog is still barking.....you can tell he's just a stinky fart because if he claims to have shorted the counter, he's already burning a hole in his pocket.

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2023-11-06 14:44 | Report Abuse

CEO on long holiday, and CFO on garden leave? Who is in charge of the company?

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2023-10-19 10:45 | Report Abuse

So happy today. It is so peaceful but yet joyful here.
The barking has went over to sugar street.

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2023-10-12 17:13 | Report Abuse

I thought it was a clever dog....how wrong I was. I definitely got this wrong....but luckily my hibiscus is right.....that is most important.

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2023-10-09 11:30 | Report Abuse

Oh, the dog understands what I'm saying?....quite a clever dog. Please stop barking.

Also, My grandfather once told me that money isn't everything in life. Money can be earned back. Time is the most valuable resource because it can never be replaced. So, decide how you want to spend your time and avoid arguing with unnecessary people...err, arguing with the dog in this case.

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2023-10-09 10:13 |

Post removed.Why?

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2023-09-29 13:27 | Report Abuse

But i'm not defending this counter.
I do hold a small amount. I'm just disappointed that the MD raised capital for expansion but has yet to spend it on any PPE.

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2023-09-29 13:24 | Report Abuse

What a pea brain. Do you believe that only Japan disposes of radioactive waste? They do it openly, but many do it covertly. Seafood sales will not fall. Imports will decrease in one region while increasing in another.

Just like you said, oil will have steep fall after you sold it for a 5% profit, but it continue to rise for another 15%.

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2023-09-28 16:43 | Report Abuse

Off market transaction, u need to report the buyer......no?

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2023-09-25 20:19 | Report Abuse

Realrich, my figure not wrg le. U looking at half empty glass. I look at it as half full. Read the entire report le. Hint, EWINT achieved RM1,003 million sales in the first 10 months of FY2023. This, plus reserves of RM157 million, add up to a total of RM1,161 million which places the Group largely on track to achieve the sales target of RM1.4 billion for FY2023. wink ! wink! ...@^_^@ meow

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2023-09-25 11:58 | Report Abuse

Ewint giving another 6c dividend by december. They indicate potential more dividend in FY24. They have roughly another RM800M to be bring back and if they distribute half or maybe all collection, it is somewhere between 15c to 33c. We are looking maybe a total dividend of 55c to 75c. I wonder what will the price of ewint after that?....anyway, at 70dividend, i got back all my capital + 85% profit. Ewint shares at that time price at any price is a bonus....hehe.... ^_^ meow....

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2023-09-22 20:26 | Report Abuse

You are absolutely right.....too late...
As a matter of fact....This counter is gg.com

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2023-09-22 10:26 | Report Abuse

Yes fruitcake.....pls tank the price by dumping more and then you can move on.....
No point of harping on this counter.....next Q will be bad...

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2023-09-22 10:22 | Report Abuse

James_Baby is throwing tantrum. He let go of his candy too soon, and now cannot bear the sight to see the others enjoying it. Boo hoo hoo!!

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2023-09-20 15:17 | Report Abuse

up to 70c? If now up again to 70c, meaning 1 get another round dividend.....@^_^@ meow.....

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2023-09-20 12:00 | Report Abuse

1.90???...hmmm....
Put my net at 1.90 and see catch anything or not....@^_^@meow

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2023-09-20 11:48 | Report Abuse

Phoebe is so happy today.......

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2023-09-15 14:35 | Report Abuse

Scoop below 90c? Means at what price? 89c? If someone wanted to brag and price he bought really low, he sure has mentioned it. So i guess it is not too far down from 90c. Given benefit of doubt, maybe 88c++. But i know he sold at 93c. Profit 5c and can consider Laughing all the way to the bank? I don't know how to describe the rest of us that holding till now .....all i can say is i'm definitely laughing at you...... @^_-@ meow.....& fyi, my cost is 79c.....