Mr Ooi, maybe you were once a journalist years back? Appreciate your clarity, straight-forwardness, simplicity, & factual points written with much sincerity and effort. Thanks for helping me see the steel counters from a different perspective. Will sure consider it.
I am not an accountant, an analyst or a journalist. I am a very hardworking person and willing to learn through hard way. I read a lot of local and international news on steel stocks. I record down all the facts in my computer. Thank you.
yktay1, this round you could listen to OTB recommendation, we must have brain lah do homework, selective taking advice is wise lah while reviewing the existing and forward looking global steel demand that is very positive growth to local steel manufacturers/exporters, no harm lah we diversify our portfolio investment into steel stocks ~ 30%. Good luck everyone
Posted by yktay1 > Jul 15, 2021 9:48 AM | Report Abuse
IMPORTANT WARNING: DO NOT LISTEN TO THIS MAN WHY? REMEMBER WHEN HE PUSH GLOVE STOCKS, PETRON/HENGYUAN AND JAKS ----------------- Ans : I am just a small fry in the stock market, I do not have so much money to push up shares. I think you have mistaken me. Thank you.
OTB I do not intend to post this article here. I post it because the super investor attacked all steel stocks and LeonFB. All my clients are worried and want me to tell the actual story with facts and figures.
I write with facts and figures to dissipate all negative false news. Thank you. 14/07/2021 11:19 PM
Thank you OTB for coming forward to defend the steel stock. KYY shouted SELL {after non stop promoting buy days and weeks before he sell] , OTB says Buy Steel ,especially Hiap Tek. Today Hiaptek is 50 sen. We shall see the price in 12 months time. I will keep track. My bet is with OTB.
In terms of performance, as of July 15th, a total of 29 listed companies in the steel sector have issued performance forecasts for the first half of the year. The net profit of 16 companies including Fushun Special Steel, Sangang Minguang, Xingang, and Liugang will increase year-on-year Over 100%, Baotou Iron & Steel Co., Ltd. is expected to achieve a net profit of about 2 to 2.8 billion yuan attributable to the parent in the first half of the year, a year-on-year increase of 2281% to 3233%, the largest increase.
Recently, many places have issued policies to limit steel production in the second half of the year, and the prices of superimposed raw materials have peaked and fallen, and steel prices have rebounded significantly after hitting the bottom.
In this regard, the CITIC Construction Investment Research reported that production restrictions in various regions have resumed. Baowu steel mills and Anhui, Jiangsu, Gansu and other regions have conducted relevant conferences to decentralize indicators, requiring production not to be higher than 2020. Considering that all steel companies have increased production in the first half of the year, the annual output not higher than 2020 will lead to a reduction in production in the second half of the year. The current production restriction is more about gradually decentralizing the indicators to the enterprise, without making too many regulations on the pace of completion. If strictly implemented, the supply side will face a relatively large contraction.
The share prices of all steel stocks will perform very well in 2021/2. The correction and consolidation of all steel stocks will be over soon. Buy Hiaptek and hold tight until September 2022.
@MandyLee2728, Although you did not ask me, I would like to give my opinion too. I think Hiaptek will reach RM1 eventually. Short term speculation may have loss, long term (around 6 month) should reach RM1.
Disclaimer: I am not recommending you to buy or sell shares. All investment is your own decision and your risk only. :)
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Posted by soros228 > 2021-07-13 21:23 | Report Abuse
well done OTB. Excellent write up.
will add more tomorrow.
Thank u very much indeed.