Posted by richboy > 2018-03-29 19:42 | Report Abuse

Perhaps tomorrow can up awhile then down back..good for goreng kaki! Not good for long term investor at this uncertainly market. :))

Posted by Peteryy > 2018-03-29 20:55 | Report Abuse

People, stay positive. You don't want to see it down for sure

Posted by acw2368 > 2018-03-29 23:58 | Report Abuse

my TP is 0.80 in mid-term!!!

Posted by Pilotsport > 2018-03-30 01:09 | Report Abuse

Tomorrow dun sell on result

Posted by AyamTuaTua > 2018-03-30 07:32 | Report Abuse

Watches is a sifu dalam tempurung.... Ki... Ki... Ki....

Posted by smartag > 2018-03-30 09:19 | Report Abuse

Alliance Steel start up, all local steel players will suffer, they can't compete with China steel mill. Their share price will go south!!

Posted by smartag > 2018-03-30 09:20 | Report Abuse

Annjoo may go back to RM2.50 soon.

Posted by Kevin Tam > 2018-03-30 12:59 | Report Abuse

US tariff wouldn't affect Malaysia steel manufacturers, it is stupid to assume it would affect the steel manufacturers here coz our manufacturers hardly export steel products to outsudsvof Asesn nations n USA... If iron ore maintains US 60-65 per ton ,it should get profit from the mining activities of her subsidiary, Eastern Steel ...

Posted by occa888 > 2018-03-30 13:18 | Report Abuse

Steel player Hiap Teck Venture Bhd saw its net profit for the second quarter ended Jan 31, 2018 increase by more than sevenfold to RM30.54 million from RM3.90 million a year ago .(http://www.thesundaily.my/news/2018/03/29/hiap-teck-see-sevenfold-rise-q2)

it's been a long day from where we begin , so glad to see hiapteck back!!!

“However, the recent announcement by the United States under Section 232 of the Trade Expansion Act 1962 to impose 25% import tariffs on steel products may have an impact on the steel export market globally. The group remains optimistic on the steel industry outlook in Malaysia as it is well supported by the strong fundamentals in the construction activities as evidenced by the 5.8% growth in the construction sector in the fourth quarter of 2017. This positive growth is attributed to all sub-sectors particularly in public transport infrastructure projects,” it said.

Agree with the sentiments regarding US tariff, majority of Malaysia steel consumption is tied to construction industry, as is other ASEAN5. (http://www.seaisi.org/News/5250/Iron+and+Steel+Industry+in+ASEAN:+Characteristics+and+Supply+Capability) However if other Asian ASEAN countries can't export to US (exclusion rules not finalized yet), that might affect steel finished goods competition in local market. So far though, raw materials price is up, shortage across the market, but I believe Hiap Teck always has one up their sleeves when it comes to raw material, should be good for Q3.

Hope someone can shed even more light on Eastern Steel.

Posted by Kevin Tam > 2018-03-30 14:03 | Report Abuse

Not really, none of the ASEAN nations in top 7/8 of nations that US imported her steels; the US mainly imported steel products from Canada, Mexico , South Korea n Russia , the thought of Malaysia manufacturers would get affected , should be funny n based on rumour ... Some more , the local manufacturers mainly only produce for local market n export some to other ASEAN nations, the quantity to export to outside of ASEAN is minimal ...

Posted by Peteryy > 2018-03-30 17:14 | Report Abuse

The fact that Kevin mentioned is true. Unfortunately, is the whole market sentiment that got steel counter into the unfavorable side, and Hiap is not alone. Nevertheless, another side of the coin about current fiasco (Trump effect) deemed to be "temporary" and also Hiap is highly investable looking at the current price and the current price would be strongly backed by all the potential development hiap could probably have, including JV, FY18 EBIT turnaround plan. Speaking of JV, China counterpart seeking additional shares in the JV also a strong indication all the potential that Eastern Steel may unleash in the near future.

Posted by Peteryy > 2018-03-30 17:20 | Report Abuse

Not to mention Hiap current price is one of the lowest in the region, given company size and current / future development, is like second to none. One can estimate how strong the upside this price can travel.

Posted by occa888 > 2018-03-30 17:49 | Report Abuse

Great to have someone to discuss with, the steel market counter definitely need people with more in the know to shed light. My question is, if China, Japan, Korea and Vietnam Thailand affected by the US tariff, would dumping effect affect Malaysian steel manufacturers? Steel finished goods got no import tariff as of my understanding. https://www.reuters.com/article/us-usa-trade-asia/asia-may-face-steel-aluminum-glut-with-trumps-tariff-plan-idUSKCN1GE14V

I happened upon some info from steel industry that I need help with analyzing. In 2016 Malaysia's Bars, Section, Pipe & Tube estimate consumption 5.27mil MT, about 2.5mil MT import, <0.5mil MT export . Overall 40% steel imports from China, 19% from Japan, 11% from Korea, 9% from ASEAN, I don't have the specific products' import countries. The import numbers mean that the market is big enough for Malaysian manufacturers to do more, or it could also mean, regional competition can do more. Would like to hear more expert thoughts, thank you all.

Posted by xgakuseix > 2018-03-30 18:19 | Report Abuse

Good result but bad sentiment.
Its hard to push the price up since people who stucked in it want to sell.

Same goes to KRONO.

Posted by Peteryy > 2018-03-30 22:33 | Report Abuse

Occa, thanks for sharing the statistic.
By nature, China or Malaysia are not key exporter to US, hence recent tarrif seriously no impact in their operation, however, sentiment in temporary, yes. Therefore, doubt that imports & exports statistic will have big shift from local manufacturer point of view in mid term.  Interesting to note also, those country in Asia that exempted from US tarriff may create opportunity for Asean steel player instead, such as Malaysia. For example if Taiwan get exempted, they would prioritise US market over Asean market due to better price, it would then means Asean has to resort inter-Asean to source raw materials. If this happens, it will create stronger demand in steel that allows wider avenue for local manufacturer like Hiap.
From regulations perspective, safe guard in Malaysia imposed since late 2016 for steel concrete reinforcing bar (rebar) and steel wire rods & deformed bar in coils. In that context, Hiap Tec is direct beneficiary, that protection mainly to curb unnecessary dumps from other region esp china that directly impacting local steel price negatively. Malaysia safe guard is a direct fire wall for local steel manufacturers. In addition to this, China has also undergone tremendous measure to cut total country production via environmental regulations. Many factories cracked down since early Q4 2017.
In nut shell, US tarriff looks bad but can also augur well for local players at the same time depending forward trend movement & changes.
Mostly, local steel player like Hiap Tek productions output is largely cater local construction demand, that never ending demand.
Short to mid term , Hiap Tek looks highly promising. More so now with successful JV-Eastern Steel as upstream maker behind their back. Another Ann Joo in the making.
Current price attractive enough? Sure it is.

Posted by warchest > 2018-03-30 23:20 | Report Abuse

Stock market all about future, no historical. The results announced yesterday was 2 months ago results. Future maybe different. Current share price already telling you about less robust results

Posted by Lim Chee Keong > 2018-03-31 00:07 | Report Abuse

I believe it will go up next week. Everyone can sense it. No need purposely judge bad on this stock

Posted by humblechung > 2018-03-31 07:22 | Report Abuse

hm

Posted by ilovehits > 2018-03-31 07:40 | Report Abuse

Escape ball.

Posted by Kevin Tam > 2018-03-31 13:09 | Report Abuse

Occa, Malaysia has imposed a tariff of 14-16% for steel products imported from China ( the tariff would shield off the cheaper steel products from China n help out the local steel manufacturers which had face huge losses in 2014-16 n the tariff would continue until 2019 if I m not mistaken ); if U want to talk about global situations of US tariff on Steels, from the articles of many sources , only South Korea having heavier impact among the Asian countries n China as the largest steel producing nation may dump some to ASEAN nations but our market is shielded / protected by 14-16 % tariff .... N the amount of US imported per year is not really huge compared to yearly production of the world n China, in conclusion the impact to local manufacturers still minimal by the US tariff but not sure the slow down in property developments have how much impact at steel consumption , the economists still think growth rate of 2-3% for Malaysia market, guess so...

Posted by warchest > 2018-03-31 15:58 | Report Abuse

Next week will go down. Buy on rumour and sell on news

Posted by warchest > 2018-03-31 15:58 | Report Abuse

Already up 29.5 to 50 plus cents. Already 100%

Posted by Peteryy > 2018-04-01 11:30 | Report Abuse

Warchest, get yourself a life. This is not Anzo or sumatec. Lol

Posted by warchest > 2018-04-02 09:30 | Report Abuse

Lol i live my life to the fullest, positive attitude always. But hiap teck known as counter that having too many issues. Just be careful

Posted by warchest > 2018-04-02 10:24 | Report Abuse

Anzo sumatec very syndicated counters. at the same time based on historical trends, hiap teck was having many issues. this is not counters like press metal and ann joo. need to see quality of earniings

Posted by occa888 > 2018-04-02 12:06 | Report Abuse

Thank you very much Peteryy and Kevin Tam for your detailed explanations, I'll look out for raw material and real estate factors.

Posted by JAY1234 > 2018-04-02 19:12 | Report Abuse

This company is expended... if you stay near Meru n Kapar. Can see Hiaptek big plant there... 2 years before only few plant there. But last year there expended and can see clearly another few big plant raise... it mean this company growing and we can see it in their quater report gaining for QoQ..

Posted by Christopher Toh > 2018-04-02 22:51 | Report Abuse

short tp 0.50

Posted by warchest > 2018-04-03 17:49 | Report Abuse

this company is tricky

Posted by JAY1234 > 2018-04-04 09:16 | Report Abuse

why suspended??!!!

Posted by lwh888 > 2018-04-04 09:19 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5746261

Posted by JAY1234 > 2018-04-04 09:20 | Report Abuse

is it good or bad news?

Posted by lwh888 > 2018-04-04 09:29 | Report Abuse

HIAPTEK - Trading Halt and Resumption of Trading
HIAP TECK VENTURE BERHAD

Kindly be advised that trading in the above Company's securities has been halted with effect from 9.09 a.m., Wednesday, 4 April 2018.

Trading in the securities will resume with effect from 10.09 a.m., Wednesday, 4 April 2018.

Your attention is drawn to the Company's announcement dated 4 April 2018

Posted by JAY1234 > 2018-04-04 09:29 | Report Abuse

Jianlong major shareholder now with 60% stake..while Hiaptek only 35%..

Posted by lwh888 > 2018-04-04 09:31 | Report Abuse

北京建龙重工集团有限公司（简称"建龙集团"）是一家集资源、钢铁、船舶、机电等新产业于一体的大型企业集团。集团经营的产业涵盖多种资源勘探、开采、选矿、冶炼、加工、机电产品制造等完整产业链条，目前拥有1800万吨矿石（铁、铜、钼、钒、煤、磷矿等）的开采和选矿能力、2740万吨粗钢冶炼和轧材能力、350万载重吨造船能力、1500万千瓦防爆电机和风力电机制造能力、2GWh锂电池生产能力，以及1.5万吨五氧化二钒的冶炼能力、360万吨焦炭生产能力等。

2016年，集团控股公司完成钢产量 1645万吨，铁精粉344 万吨，交船15 艘；完成主营业务收入613亿元；完成利润总额 9.2亿元，上缴税金12.9 亿元。截止到2016年底，集团总资产规模达到902亿元。集团位列2017中国企业500强第241位、2017中国制造业企业500强第107位、2017中国民营企业500强第62位、2017中国民营企业制造业500强第28位。

企业自成立以来，集团一贯秉承 "只争第一，点滴做起"的企业精神和"诚信、规则、团队、卓越、共赢"的核心价值观。坚持客户至上，精细管控，以自主研发技术改造，带动规模扩大和产品结构优化升级；注重利人惠己，永续经营，通过企业购并重组和行业拓展，实现了企业裂变式发展。

Posted by johnmaster2017 > 2018-04-04 09:43 | Report Abuse

Good news?

Posted by JAY1234 > 2018-04-04 09:55 | Report Abuse

Q buy build up strongly...must be good news... let see what market react...

Posted by Kaven > 2018-04-04 10:05 | Report Abuse

so any suggestions? izzit the time to buy in?

Posted by Johnsonwong > 2018-04-04 10:31 | Report Abuse

yes

Posted by Kaven > 2018-04-04 10:55 | Report Abuse

noted with thanks.

Posted by Peteryy > 2018-04-04 12:42 | Report Abuse

Must be good

Posted by kimssiat > 2018-04-04 14:04 | Report Abuse

The queue is still bad anyway ...

Posted by marvin95 > 2018-04-04 16:06 | Report Abuse

What happen wor?

Posted by kimssiat > 2018-04-04 17:07 | Report Abuse

Huge drop whole world. Everyone knows.

Posted by Lim Tek Wai > 2018-04-04 17:17 | Report Abuse

wa all drop?! gg my money

Posted by johnmaster2017 > 2018-04-04 17:23 | Report Abuse

Let it drop further n then buy a bit.

Posted by Christopher Toh > 2018-04-04 18:23 | Report Abuse

@。@

Posted by traderman > 2018-04-04 19:10 | Report Abuse

tp 0.2 hehe

Posted by Poisonivy > 2018-04-04 19:14 | Report Abuse

Gone with the fundamental coming these week US China ... Coming weeks free fall... Now escalate to US EU trade war starting next week

Posted by Poisonivy > 2018-04-04 19:15 | Report Abuse

Trump is the ultimate winner